About Maiden Forgings Limited
Data last updated: 08 December 2025
Maiden Forgings Limited is a public limited company based in Delhi, Delhi, India. It specialises in metalworking, a part of the broader metals and mining sector. Incorporated on 11 February 2005, the company has been in operation for over 21 years.
Registered with ROC Delhi under CIN L29810DL2005PLC132913. Listed.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.21 Cr. It is led by directors including Nishant Garg and Urvi Agarwal.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: B – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092.
As per the financials filed for FY 2025, the company reported a revenue of ₹213.57 Cr, a decline of 10% compared to the previous year.
The company has a workforce of approximately 31 employees as per the latest available data.
The company is associated with 1 brand - Maiden Forgings. As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹206.19 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 maidenforgings.in.
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Registered AddressB – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092
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IndustryMetal & Minerals, Metalworking
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Maiden Forgings Limited
Maiden Forgings Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29810DL2005PLC132913, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29810DL2005PLC132913 | Current |
| U29810DL2005PTC132913 | Previous |
| U29810DL2005PLC132913 | Previous |
Associated Brands with Maiden Forgings Limited
Maiden Forgings Limited operates one associated brand: Maiden Forgings. These brands represent Maiden Forgings Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of steel bright bars, wires, and forgings | maidenforgings.in |
Business Activity of Maiden Forgings Limited
Maiden Forgings 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 Maiden Forgings Limited
Maiden Forgings Limited is audited by H. G. & Co (ICAI peer reviewed, certificate valid till 2029-05-31) 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 |
|---|---|---|
| H. G. & Co (ICAI peer reviewed, certificate valid till 2029-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Maiden Forgings Limited
Maiden Forgings Limited is currently managed by 6 directors, with 4 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 |
|---|---|---|---|---|
| Nishant Garg | Managing Director | 28 Nov 2022 | 3 Years 7 Months | Current |
| Urvi Agarwal | Director | 06 Jan 2023 | 3 Years 6 Months | Current |
| Nivedita Garg | Whole-Time Director | 28 Nov 2022 | 3 Years 7 Months | Current |
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Prachla Garg
Also directs:
Maiden Forgings Limited
|
Cfo | 28 Nov 2022 | 3 Years 7 Months | Current |
|
Abhilash Rastogi
Also directs:
Maiden Forgings Limited
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Director | 06 Jan 2023 | 3 Years 6 Months | Current |
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Raj Kumar Mittal
Also directs:
Maiden Forgings Limited
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Director | 06 Jan 2023 | 3 Years 6 Months | Current |
Financials of Maiden Forgings Limited FY 2026 filings available
Maiden Forgings Limited reported revenue of ₹231.61 Cr (up 8.79% 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 |
|---|---|---|---|---|
| Revenue from Operations | ₹231.61 Cr | ₹212.91 Cr | ₹236.1 Cr | ₹220.82 Cr |
| Other Income | ₹2.35 Cr | ₹65.98 Lakh | ₹1.21 Cr | ₹33.48 Lakh |
| Total Income | ₹233.96 Cr | ₹213.57 Cr | ₹237.31 Cr | ₹221.15 Cr |
| Cost of Materials Consumed | ₹200.9 Cr | ₹177.17 Cr | ₹201.48 Cr | ₹177.96 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹1.46 Cr | ₹3.72 Cr | -₹1.83 Cr | ₹7.2 Cr |
| Employee Benefit Expense | ₹3.09 Cr | ₹2.95 Cr | ₹2.99 Cr | ₹3.13 Cr |
| Finance Costs | ₹6.78 Cr | ₹7.32 Cr | ₹5.91 Cr | ₹5.48 Cr |
| Depreciation & Amortisation | - | - | ₹4.45 Cr | ₹3.52 Cr |
| Other Expenses | ₹11.3 Cr | ₹9.83 Cr | ₹10.6 Cr | ₹10.55 Cr |
| Total Expenses | ₹227.02 Cr | ₹205.03 Cr | ₹223.6 Cr | ₹207.85 Cr |
| Profit Before Exceptional Items & Tax | - | - | ₹13.71 Cr | ₹13.31 Cr |
| Exceptional Items | - | - | ₹0 | ₹0 |
| Profit Before Tax | ₹6.94 Cr | ₹8.54 Cr | ₹13.71 Cr | ₹13.31 Cr |
| Total Tax Expense | ₹1.92 Cr | ₹2.49 Cr | ₹3.99 Cr | ₹3.7 Cr |
| Net Profit | ₹5.02 Cr | ₹6.05 Cr | ₹9.72 Cr | ₹9.61 Cr |
| Other Comprehensive Income | - | - | ₹0 | ₹0 |
| Total Comprehensive Income | - | - | ₹9.72 Cr | ₹9.61 Cr |
| EBITDA (computed) | - | - | ₹24.07 Cr | ₹22.31 Cr |
| Basic EPS | - | - | ₹6.84 | ₹9.21 |
| Diluted EPS | - | - | ₹6.84 | ₹9.21 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹180.71 Cr | ₹164.24 Cr | ₹148.61 Cr | ₹126.81 Cr |
| Non-current Assets | ₹42.3 Cr | ₹41.86 Cr | ₹36.6 Cr | ₹34.48 Cr |
| Current Assets | ₹138.42 Cr | ₹122.38 Cr | ₹112.01 Cr | ₹92.33 Cr |
| Property, Plant & Equipment | ₹37.88 Cr | ₹37.41 Cr | ₹29.38 Cr | ₹29.21 Cr |
| Inventories | ₹83.12 Cr | ₹75.8 Cr | ₹67.68 Cr | ₹50.38 Cr |
| Trade Receivables | - | - | ₹22.26 Cr | ₹24.99 Cr |
| Cash & Equivalents | ₹11.44 Lakh | ₹10.16 Lakh | ₹2.48 Cr | ₹3.19 Cr |
| Equity (Net Worth) | - | - | ₹70.97 Cr | ₹40.72 Cr |
| Equity Share Capital | - | - | ₹14.21 Cr | ₹10.43 Cr |
| Borrowings (Non-current) | - | - | ₹15.22 Cr | ₹17.18 Cr |
| Borrowings (Current) | - | - | ₹47.45 Cr | ₹50.36 Cr |
| Total Debt (computed) | - | - | ₹62.67 Cr | ₹67.54 Cr |
| Current Liabilities | ₹81.91 Cr | ₹67.24 Cr | ₹61.79 Cr | ₹68.34 Cr |
| Total Liabilities | - | - | ₹77.65 Cr | ₹86.09 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Operating Cash Flow | ₹6.22 Cr | ₹4.52 Cr | -₹11.99 Cr | ₹11.49 Cr |
| Investing Cash Flow | -₹3.91 Cr | -₹9.03 Cr | -₹7.29 Cr | -₹9.21 Cr |
| Financing Cash Flow | -₹2.8 Cr | ₹4.69 Cr | ₹18.57 Cr | -₹2.09 Cr |
| Capital Expenditure | ₹0 | ₹9.27 Cr | ₹4.62 Cr | ₹8.24 Cr |
| Free Cash Flow (computed) | ₹6.22 Cr | -₹4.75 Cr | -₹16.61 Cr | ₹3.26 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹49.42 Lakh | ₹17.39 Lakh | -₹70.64 Lakh | ₹18.32 Lakh |
Charges & Borrowings of Maiden Forgings Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2025 | Others | ₹5 Cr | Open |
| 26 Sep 2024 | Others | ₹28.36 Cr | Open |
| 25 Apr 2024 | Axis Bank Limited | ₹31.59 Cr | Open |
| 29 Mar 2022 | Sidbi | ₹3 Cr | Open |
| 18 Feb 2022 | Tata Capital Financial Services Limited | ₹2.05 Cr | Open |
Total charge records: 32 View all charges
Employees and EPFO Compliance at Maiden Forgings Limited
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Employee Count & EPFO Data of Maiden Forgings Limited
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GST Compliance of Maiden Forgings Limited
GSTIN & GST Filing Data of Maiden Forgings Limited
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Credit Ratings, Litigation & Regulatory Alerts for Maiden Forgings Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Maiden Forgings Limited
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MSME Payment Delays by Maiden Forgings Limited
MSME Payment Delays by Maiden Forgings Limited
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Subsidiaries & Group Companies of Maiden Forgings Limited
Subsidiaries & Group Companies of Maiden Forgings Limited
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MCA Filings & Documents of Maiden Forgings Limited
MCA Filings & Documents of Maiden Forgings Limited
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Recent Activity on Maiden Forgings Limited
Recent News on Maiden Forgings Limited
Frequently Asked Questions about Maiden Forgings Limited
Maiden Forgings Limited is an active public limited company in the metal and minerals sector based in Delhi, Delhi, India. It was incorporated on 11 February 2005 (21+ years old) and is registered under CIN L29810DL2005PLC132913. The company has 31 employees.
Maiden Forgings Limited reported revenue of ₹213.57 Cr for FY 2025 (down 10.00% YoY).
The current directors of Maiden Forgings Limited are:
The primary industry of Maiden Forgings Limited is metal and minerals. The company specifically operates in metalworking. The company is currently active in this sector.
Yes, Maiden Forgings Limited is a listed company.
Maiden Forgings Limited can be reached at the registered office: B – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092, or through the website maidenforgings.in.