About Krishanveer Forge Limited
Data last updated: 22 December 2025
Krishanveer Forge Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Western India Forgings Pvt Ltd. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 22 June 1990, the company has been in operation for over 36 years.
Registered with ROC Pune under CIN L28910PN1990PLC056985. Listed on BSE: 513369.
Capital: an authorised share capital of ₹13.25 Cr and a paid-up capital of ₹10.94 Cr. Formerly known as Rajkumar Forge Private Limited. It is led by directors including Sudha Santhanam and Nitin Shyam Rajore.
Last AGM: 19 September 2025. Financial statements filed for year ended 31 March 2025. Office: Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.76 Cr, a decline of 1% compared to the previous year.
The company has a workforce of approximately 66 employees as per the latest available data. It operates as a subsidiary of Western India Forgings Pvt Ltd.
The company is associated with 2 brands - Rajkumar Forge, Krishanveer Forge. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹71.56 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rkforge.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressOffice No. 511 To 513 Global Square S. No. – 247 14B Yerawa, Da, Pune, Maharashtra, India – 411006
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IndustryEngineering, Metal Foundry & Fabrication Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Krishanveer Forge Limited
Krishanveer Forge Limited has one previous CIN (Corporate Identification Number): L28910MH1990PLC056985. The current CIN is L28910PN1990PLC056985, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28910PN1990PLC056985 | Current |
| L28910MH1990PLC056985 | Previous |
Associated Brands with Krishanveer Forge Limited
Krishanveer Forge Limited operates two associated brands: Rajkumar Forge and Krishanveer Forge. These brands represent Krishanveer Forge Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Die forgings and heat treatment products are manufactured in India. | rkforge.in | |
| Metal forgings are manufactured by Krishanveer Forge Limited in India. | kvforge.com |
Business Activity of Krishanveer Forge Limited
Krishanveer Forge Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | ********* |
Auditor Details of Krishanveer Forge Limited
Krishanveer Forge Limited is audited by M/s. Gokhale, Tanksale & Ghatpande (ICAI peer reviewed, certificate valid till 2028-04-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. Gokhale, Tanksale & Ghatpande (ICAI peer reviewed, certificate valid till 2028-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Krishanveer Forge Limited
Krishanveer Forge Limited is currently managed by 6 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Sudha Santhanam
Also directs:
Maya Care Foundation
|
Director | 15 May 2017 | 9 Years 1 Months | Current |
| Nitin Shyam Rajore | Whole-Time Director | 01 Dec 2021 | 4 Years 7 Months | Current |
|
Arun Krishankumar Jindal
Also directs:
Kran Rader Infra Llp, Western India Forgings Pvt Ltd
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Director | 11 Feb 2020 | 6 Years 4 Months | Current |
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Ratanlal Tikaram Goel
Also directs:
Enkei Wheels (India) Limited
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Director | 01 Dec 2016 | 9 Years 7 Months | Current |
Financials of Krishanveer Forge Limited FY 2026 filings available
Krishanveer Forge Limited reported revenue of ₹89.3 Cr (up 7.86% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹89.3 Cr | ₹82.8 Cr | ₹83.62 Cr | ₹80.91 Cr | ₹67.22 Cr | ₹40.44 Cr | ₹50.88 Cr | ₹61.41 Cr |
| Other Income | ₹1.3 Cr | ₹96 Lakh | ₹63.64 Lakh | ₹60.76 Lakh | ₹90.66 Lakh | ₹17.54 Lakh | ₹11.62 Lakh | ₹12.39 Lakh |
| Total Income | ₹90.6 Cr | ₹83.76 Cr | ₹84.25 Cr | ₹81.52 Cr | ₹68.13 Cr | ₹40.62 Cr | ₹50.99 Cr | ₹61.53 Cr |
| Cost of Materials Consumed | ₹44.13 Cr | ₹38.41 Cr | ₹49.71 Cr | ₹48.57 Cr | ₹42.77 Cr | ₹21.66 Cr | ₹27.09 Cr | ₹37.25 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹26.26 Lakh | ₹5.6 Cr | -₹2.69 Cr | ₹51.87 Lakh | -₹2.1 Cr | -₹1.89 Cr | -₹7.87 Lakh | ₹8.58 Lakh |
| Employee Benefit Expense | ₹5.38 Cr | ₹5.22 Cr | ₹5.17 Cr | ₹4.46 Cr | ₹4.26 Cr | ₹3.91 Cr | ₹3.57 Cr | ₹3.45 Cr |
| Finance Costs | ₹2.11 Lakh | ₹12.28 Lakh | ₹47.87 Lakh | ₹93.54 Lakh | ₹62.2 Lakh | ₹62.15 Lakh | ₹62.47 Lakh | ₹1.08 Cr |
| Depreciation & Amortisation | ₹1.57 Cr | ₹1.61 Cr | ₹1.55 Cr | ₹1.62 Cr | ₹1.53 Cr | ₹1.56 Cr | ₹1.35 Cr | ₹1.22 Cr |
| Other Expenses | ₹27.94 Cr | ₹25.2 Cr | ₹24.57 Cr | ₹23.37 Cr | ₹15.69 Cr | ₹10.37 Cr | ₹12.85 Cr | ₹13.28 Cr |
| Total Expenses | ₹78.78 Cr | ₹76.17 Cr | ₹78.78 Cr | ₹79.47 Cr | ₹62.77 Cr | ₹36.23 Cr | ₹45.41 Cr | ₹56.37 Cr |
| Profit Before Exceptional Items & Tax | ₹11.82 Cr | ₹7.58 Cr | ₹5.47 Cr | ₹2.04 Cr | ₹5.36 Cr | ₹4.39 Cr | ₹5.59 Cr | ₹5.16 Cr |
| Exceptional Items | ₹2.74 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹1.26 Cr |
| Profit Before Tax | ₹14.56 Cr | ₹7.58 Cr | ₹5.47 Cr | ₹2.04 Cr | ₹5.36 Cr | ₹4.39 Cr | ₹5.59 Cr | ₹3.9 Cr |
| Total Tax Expense | ₹3.19 Cr | ₹1.95 Cr | ₹1.48 Cr | ₹39.67 Lakh | ₹1.61 Cr | ₹80.9 Lakh | ₹1.02 Cr | ₹1.82 Cr |
| Net Profit | ₹11.38 Cr | ₹5.64 Cr | ₹3.99 Cr | ₹1.64 Cr | ₹3.76 Cr | ₹3.58 Cr | ₹4.57 Cr | ₹2.08 Cr |
| Other Comprehensive Income | ₹18.09 Lakh | -₹7.76 Lakh | -₹9.33 Lakh | -₹26,800 | ₹1.05 Lakh | -₹9.85 Lakh | -₹7.73 Lakh | -₹3.45 Lakh |
| Total Comprehensive Income | ₹11.56 Cr | ₹5.56 Cr | ₹3.9 Cr | ₹1.64 Cr | ₹3.77 Cr | ₹3.48 Cr | ₹4.49 Cr | ₹2.05 Cr |
| EBITDA (computed) | ₹13.41 Cr | ₹9.32 Cr | ₹7.5 Cr | ₹4.6 Cr | ₹7.51 Cr | ₹6.57 Cr | ₹7.56 Cr | ₹7.46 Cr |
| Basic EPS | ₹10.40 | ₹5.15 | ₹3.65 | ₹1.50 | ₹3.43 | ₹0.73 | ₹4.18 | ₹1.87 |
| Diluted EPS | ₹10.40 | ₹5.15 | ₹3.65 | ₹1.50 | ₹3.43 | ₹0.73 | ₹4.18 | ₹1.87 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹68.5 Cr | ₹55.54 Cr | ₹51.67 Cr | ₹44.93 Cr | ₹51.8 Cr | ₹41.75 Cr | ₹43.27 Cr | ₹39.26 Cr |
| Non-current Assets | ₹18.29 Cr | ₹15.48 Cr | ₹16.29 Cr | ₹17.23 Cr | ₹17.98 Cr | ₹19.05 Cr | ₹20.53 Cr | ₹18.86 Cr |
| Current Assets | ₹50.21 Cr | ₹40.06 Cr | ₹35.38 Cr | ₹27.69 Cr | ₹33.82 Cr | ₹22.69 Cr | ₹22.74 Cr | ₹20.4 Cr |
| Property, Plant & Equipment | ₹13.86 Cr | ₹15.09 Cr | ₹15.77 Cr | ₹16.52 Cr | ₹17.7 Cr | ₹16.11 Cr | ₹17.63 Cr | ₹12.81 Cr |
| Inventories | ₹7.03 Cr | ₹7.38 Cr | ₹13.85 Cr | ₹9.45 Cr | ₹14.08 Cr | ₹8.11 Cr | ₹5.62 Cr | ₹5.89 Cr |
| Trade Receivables | ₹22.53 Cr | ₹18.71 Cr | ₹19.78 Cr | ₹16.79 Cr | ₹17.95 Cr | ₹12.36 Cr | ₹14.95 Cr | ₹12.95 Cr |
| Cash & Equivalents | ₹22,000 | ₹1.39 Cr | ₹1,800 | ₹6,300 | ₹1.62 Cr | ₹3,000 | ₹2,200 | ₹7,200 |
| Equity (Net Worth) | ₹51.44 Cr | ₹42.42 Cr | ₹39.08 Cr | ₹35.22 Cr | ₹33.58 Cr | ₹29.85 Cr | ₹26.64 Cr | ₹22.14 Cr |
| Equity Share Capital | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr | ₹10.94 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.33 Cr | ₹0 |
| Borrowings (Current) | -₹1.81 Cr | -₹3.42 Cr | -₹1.14 Cr | -₹1.55 Cr | ₹5.33 Cr | -₹25.52 Lakh | ₹2.89 Cr | ₹4.36 Cr |
| Total Debt (computed) | -₹1.81 Cr | -₹3.42 Cr | -₹1.14 Cr | -₹1.55 Cr | ₹5.33 Cr | -₹25.52 Lakh | ₹4.22 Cr | ₹4.36 Cr |
| Current Liabilities | ₹14.44 Cr | ₹10.62 Cr | ₹10.35 Cr | ₹7.5 Cr | ₹16.05 Cr | ₹9.84 Cr | ₹13.35 Cr | ₹15.36 Cr |
| Total Liabilities | ₹17.06 Cr | ₹13.12 Cr | ₹12.59 Cr | ₹9.71 Cr | ₹18.22 Cr | ₹11.9 Cr | ₹16.64 Cr | ₹17.12 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1.78 Cr | ₹5.35 Cr | ₹51.53 Lakh | ₹7.4 Cr | -₹4.7 Cr |
| Investing Cash Flow | -₹65.94 Lakh | -₹68 Lakh | -₹42.98 Lakh | -₹79.05 Lakh | -₹32.42 Lakh |
| Financing Cash Flow | -₹2.73 Cr | -₹2.19 Cr | -₹11.48 Lakh | -₹53.26 Lakh | -₹40.7 Lakh |
| Capital Expenditure | ₹32.77 Lakh | ₹92.78 Lakh | ₹54.02 Lakh | ₹87.3 Lakh | ₹47.6 Lakh |
| Free Cash Flow (computed) | ₹1.46 Cr | ₹4.42 Cr | -₹2.49 Lakh | ₹6.52 Cr | -₹5.17 Cr |
| Dividends Paid | ₹2.73 Cr | ₹2.19 Cr | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹1.61 Cr | ₹2.48 Cr | -₹2.92 Lakh | ₹6.07 Cr | -₹5.43 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹24.35 Cr | ₹20.33 Cr | ₹20.98 Cr | ₹23.64 Cr | ₹19.82 Cr | ₹18.16 Cr | ₹20.05 Cr | ₹24.77 Cr |
| Other Income | ₹47.26 Lakh | ₹26.98 Lakh | ₹22.76 Lakh | ₹32.73 Lakh | ₹39.64 Lakh | ₹27.2 Lakh | ₹20.25 Lakh | ₹8.91 Lakh |
| Total Income | ₹24.82 Cr | ₹20.6 Cr | ₹21.21 Cr | ₹23.97 Cr | ₹20.22 Cr | ₹18.43 Cr | ₹20.25 Cr | ₹24.85 Cr |
| Cost of Materials Consumed | ₹12.22 Cr | ₹10.96 Cr | ₹8.83 Cr | ₹12.13 Cr | ₹10.14 Cr | ₹9.22 Cr | ₹8.71 Cr | ₹10.34 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹38.49 Lakh | -₹97.15 Lakh | ₹1.15 Cr | -₹5.75 Lakh | ₹23.68 Lakh | -₹71.48 Lakh | ₹1.8 Cr | ₹4.28 Cr |
| Employee Benefit Expense | ₹1.4 Cr | ₹1.3 Cr | ₹1.31 Cr | ₹1.36 Cr | ₹1.21 Cr | ₹1.29 Cr | ₹1.42 Cr | ₹1.3 Cr |
| Finance Costs | ₹1.73 Lakh | ₹8,000 | ₹13,000 | ₹17,000 | -₹1.57 Lakh | ₹4.11 Lakh | ₹6.97 Lakh | ₹2.76 Lakh |
| Depreciation & Amortisation | ₹37.75 Lakh | ₹38.56 Lakh | ₹41.39 Lakh | ₹39.5 Lakh | ₹45.46 Lakh | ₹38.79 Lakh | ₹38.59 Lakh | ₹38.5 Lakh |
| Other Expenses | ₹7.47 Cr | ₹6.35 Cr | ₹6.58 Cr | ₹7.54 Cr | ₹6.23 Cr | ₹6.42 Cr | ₹6.28 Cr | ₹6.27 Cr |
| Total Expenses | ₹21.1 Cr | ₹18.03 Cr | ₹18.28 Cr | ₹21.37 Cr | ₹18.25 Cr | ₹16.64 Cr | ₹18.68 Cr | ₹22.6 Cr |
| Profit Before Exceptional Items & Tax | ₹3.72 Cr | ₹2.58 Cr | ₹2.93 Cr | ₹2.6 Cr | ₹1.96 Cr | ₹1.79 Cr | ₹1.58 Cr | ₹2.25 Cr |
| Exceptional Items | ₹3.49 Cr | -₹74.68 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹7.21 Cr | ₹1.83 Cr | ₹2.93 Cr | ₹2.6 Cr | ₹1.96 Cr | ₹1.79 Cr | ₹1.58 Cr | ₹2.25 Cr |
| Total Tax Expense | ₹1.45 Cr | ₹6.98 Lakh | ₹1.13 Cr | ₹53.02 Lakh | ₹51.55 Lakh | ₹57.84 Lakh | ₹35.08 Lakh | ₹50.3 Lakh |
| Net Profit | ₹5.75 Cr | ₹1.76 Cr | ₹1.79 Cr | ₹2.07 Cr | ₹1.45 Cr | ₹1.21 Cr | ₹1.23 Cr | ₹1.75 Cr |
| Other Comprehensive Income | ₹7.37 Lakh | ₹14.6 Lakh | -₹1.95 Lakh | -₹1.95 Lakh | -₹76,000 | -₹2.33 Lakh | -₹2.33 Lakh | -₹2.33 Lakh |
| Total Comprehensive Income | ₹5.83 Cr | ₹1.91 Cr | ₹1.77 Cr | ₹2.05 Cr | ₹1.44 Cr | ₹1.19 Cr | ₹1.2 Cr | ₹1.73 Cr |
| EBITDA (computed) | ₹4.11 Cr | ₹2.96 Cr | ₹3.34 Cr | ₹3 Cr | ₹2.4 Cr | ₹2.22 Cr | ₹2.03 Cr | ₹2.67 Cr |
| Basic EPS | ₹5.26 | ₹1.61 | ₹1.64 | ₹1.89 | ₹1.32 | ₹1.11 | ₹1.12 | ₹1.60 |
| Diluted EPS | ₹5.26 | ₹1.61 | ₹1.64 | ₹1.89 | ₹1.32 | ₹1.11 | ₹1.12 | ₹1.60 |
Shareholding Pattern of Krishanveer Forge Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 72.47%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 27.53% of Krishanveer Forge Limited. The company had 7,343 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 72.47% | 72.47% | 72.47% | 72.47% | 72.47% | 72.47% |
| Public | 27.53% | 27.53% | 27.53% | 27.53% | 27.53% | 27.53% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 72.47% | 72.47% | 72.47% |
| Public | 27.53% | 27.53% | 27.53% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Krishanveer Forge Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2018 | Others | ₹20 Cr | Open |
| 15 May 2017 | Hdfc Bank Limited | ₹8 Cr | Satisfied |
| 15 May 2017 | Hdfc Bank Limited | ₹2.03 Cr | Satisfied |
| 29 Jun 2007 | Bank of Baroda | ₹2 Cr | Satisfied |
| 17 May 2005 | Bank of Baroda | ₹1.2 Cr | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Krishanveer Forge Limited
Krishanveer Forge Limited has a workforce of 66 employees as of Mar 22, 2024.
Employee Count & EPFO Data of Krishanveer Forge Limited
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GST Compliance of Krishanveer Forge Limited
GSTIN & GST Filing Data of Krishanveer Forge Limited
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Credit Ratings, Litigation & Regulatory Alerts for Krishanveer Forge Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Krishanveer Forge Limited
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MSME Payment Delays by Krishanveer Forge Limited
MSME Payment Delays by Krishanveer Forge Limited
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Subsidiaries & Group Companies of Krishanveer Forge Limited
Subsidiaries & Group Companies of Krishanveer Forge Limited
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MCA Filings & Documents of Krishanveer Forge Limited
MCA Filings & Documents of Krishanveer Forge Limited
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Recent Activity on Krishanveer Forge Limited
Frequently Asked Questions about Krishanveer Forge Limited
Krishanveer Forge Limited is an active public limited company in the engineering sector based in Pune, Maharashtra, India. It was incorporated on 22 June 1990 (36+ years old) and is registered under CIN L28910PN1990PLC056985. Listed on BSE: 513369. The company has 66 employees.
Krishanveer Forge Limited reported revenue of ₹83.76 Cr for FY 2025 (down 1.00% YoY).
The current directors of Krishanveer Forge Limited are:
- Sudha Santhanam
- Nitin Shyam Rajore
- Viralkumar Shireeshchandra Shah
- Mahendra Ravso Samdole
- Arun Krishankumar Jindal
- Ratanlal Tikaram Goel
The primary industry of Krishanveer Forge Limited is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.
Yes. Krishanveer Forge Limited is listed on BSE with code 513369.
Krishanveer Forge Limited can be reached at the registered office: Office No. 511 To 513 Global Square S. No. – 247 14B Yerawa, Da, Pune, Maharashtra, India – 411006, or through the website rkforge.in.