About Mascot Forge Pvt Ltd
Data last updated:
Mascot Forge Pvt Ltd is a private limited company based in Metoda, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 30 April 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28910GJ1984PTC006912. Its GSTIN is 24AABCM5417H1ZQ (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Bhupatbhai Hirjibhai Makwana and Maheshkumar Premchandbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. G – 1328 Lodhika GIDC Kishan Gate Kalawad Road Tal: Lodhika, Metoda, Gujarat, India – 360021.
As per the financials filed for FY 2025, the company reported a revenue of ₹104.83 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹17.82 Cr (net margin 17%) and EBITDA of ₹28.46 Cr (EBITDA margin 27.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹48.87 Cr on record. Court records list 10 cases involving the company, including 1 filed by the company and 2 filed against it; 4 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2023. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Madras Hydraulic Hose Private Limited with revenue of ₹106.4 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mascotforge.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. G – 1328 Lodhika GIDC Kishan Gate Kalawad Road Tal: Lodhika, Metoda, Gujarat, India – 360021
- IndustryMachinery and Equipment, Industrial Tools & Components
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Mascot Forge Pvt Ltd
The main business activity of Mascot Forge is manufacturing. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mascot Forge Pvt Ltd FY 2024 filings available
Mascot Forge Pvt Ltd reported revenue of ₹104.83 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mascot Forge Pvt Ltd
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Mascot Forge Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹28.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.82 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mascot Forge Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mascot Forge are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Mascot Forge Pvt Ltd
Mascot Forge has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupatbhai Hirjibhai Makwana Also directs: Spherocon Forge LLP | Director | 06 Mar 2024 | 2 Years 7 Months | Current |
| Maheshkumar Premchandbhai Shah | Director | 01 May 2025 | 1 Years 5 Months | Current |
| Pushkar Sureshchandra Patel Also directs: Synergy Forge Private Limited | Director | 06 Mar 2024 | 2 Years 7 Months | Current |
| Shashikant Hirjibhai Makwana | Director | 30 Sep 1984 | 42 Years 0 Months | Current |
| Nanalal Hirjibhai Makwana Also directs: Spherocon Forge LLP | Director | 30 Sep 1984 | 42 Years 0 Months | Current |
Peer Comparison of Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madras Hydraulic Hose Private Limited | ₹106.4 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Aparna Tools and Components Private Limited | ₹105.93 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pithampur, Madhya Pradesh, India |
| Kanin Industries Private Limited | ₹105.91 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Sakegaonkar Innovative Technologies Private Limited | ₹105.22 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Pune, Maharashtra, India |
| Nisiki Technologies Private Limited | ₹105.08 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Mascot Forge Pvt Ltd this company | ₹104.83 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Metoda, Gujarat, India |
| Airtech Systems (India) Private Limited | ₹104.28 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Pentagon Forge & Machine Limited | ₹102.69 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Rajkot, Gujarat, India |
| Lamda Components Private Limited | ₹102.69 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Lal Metal Forge Private Limited | ₹102.59 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Varindera Tools Private Limited | ₹102.58 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Jalandhar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Mascot Forge by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd is audited by P GHANSHYAM & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P GHANSHYAM & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mascot Forge Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mascot Forge Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jul 2019 | Others | ₹11 Cr | Satisfied |
| 16 Jan 2010 | Idbi Bank Limited | ₹23.81 Cr | Satisfied |
| 24 May 1999 | State Bank of Hydrabad | ₹14.06 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd has 10 court cases on record: 1 filed by Mascot Forge, 2 filed against it, 7 where it is another party. 4 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 3 |
| High courts | 3 | 0 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Civil suit | Company is another party | Pending |
| NCLT, Ahmedabad | Company petition | Filed against the company by an individual | Pending |
| High Court of Gujarat | Special civil application | Company is another party | Disposed |
| District court, RAJKOT, Gujarat | Civil suit | Filed by the company against Idfc First Bank | Disposed |
| District court, RAJKOT, Gujarat | Court case (MCA) | Company is another party | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JMT Auto Limited | •••• | •••• | •••• |
| Vaibhav Roadways | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd has a workforce of 86 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mascot Forge Pvt Ltd
Mascot Forge Pvt Ltd has 5 board changes on record since 1984: 5 appointments. The latest: Maheshkumar Premchandbhai Shah was appointed as Director on 01 May 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mascot Forge Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mascot Forge Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mascot Forge Pvt Ltd
Mascot Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM5417H1ZQ | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mascot Forge Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mascot Forge Pvt Ltd
Mascot Forge is an active private limited company based in Metoda, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 30 April 1984 (42+ years old) and is registered under CIN U28910GJ1984PTC006912.
Mascot Forge reported revenue of ₹104.83 Cr for FY 2025 (down 30% YoY).
Mascot Forge has 5 current directors:
- Bhupatbhai Hirjibhai Makwana - Director
- Maheshkumar Premchandbhai Shah - Director
- Pushkar Sureshchandra Patel - Director
- Shashikant Hirjibhai Makwana - Director
- Nanalal Hirjibhai Makwana - Director
Mascot Forge reported a net profit of ₹17.82 Cr (net margin 17%) and EBITDA of ₹28.46 Cr (EBITDA margin 27.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mascot Forge is -6% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mascot Forge is 24AABCM5417H1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Mascot Forge is U28910GJ1984PTC006912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mascot Forge has 10 court cases on record: 1 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Mascot Forge was incorporated on 30 April 1984, making it 42+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mascot Forge has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
The peers of Mascot Forge by revenue are Madras Hydraulic Hose Private Limited, Aparna Tools and Components Private Limited, Kanin Industries Private Limited, Sakegaonkar Innovative Technologies Private Limited, Nisiki Technologies Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Maheshkumar Premchandbhai Shah was appointed as Director on 01 May 2025. Bhupatbhai Hirjibhai Makwana was appointed as Director on 06 Mar 2024. Pushkar Sureshchandra Patel was appointed as Director on 06 Mar 2024. Mascot Forge has 5 board changes on record in total.