About Mascot Forge Pvt Ltd
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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 9 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2023. Its 5 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 3 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.
Company details
Contact details
Mascot Forge Pvt Ltd's registered office is in Metoda, Gujarat. Its website is mascotforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. G – 1328 Lodhika GIDC Kishan Gate Kalawad Road Tal: Lodhika, Metoda, Gujarat, India – 360021
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Mascot Forge Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Mascot Forge is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Mascot Forge Pvt Ltd, buy the company report.
Financials of Mascot Forge Pvt Ltd
FY 2024 filings availableMascot Forge Pvt Ltd reported revenue of ₹104.83 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹28.46 Cr | ||||
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| Net Profit (PAT) | ₹17.82 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 27.1% | ||||
| Net Profit Margin | 17% | ||||
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To see the full financial statements and ratios of Mascot Forge Pvt Ltd, buy the company report.
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
Mascot Forge Pvt Ltd is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| 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 | |||
| Sakegaonkar Innovative Technologies Private Limited | ₹105.22 Cr (FY 2025) | -10.0% | Pune, Maharashtra, India | |||
| Mascot Forge Pvt Ltdthis company | ₹104.83 Cr (FY 2025) | ₹17.82 Cr | 17% | -30.0% | 86 | Metoda, Gujarat, India |
| Pentagon Forge & Machine Limited | ₹102.69 Cr (FY 2025) | 11.0% | Rajkot, Gujarat, 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 |
To see the full peer comparison of Mascot Forge Pvt Ltd, buy the company report.
Auditor
Mascot Forge Pvt Ltd is audited by P GHANSHYAM & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P GHANSHYAM & CO | FY 2023 | 103153W |
Shareholding
The shareholding of Mascot Forge Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Mascot Forge Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2019 | 100275875 | Others | ₹11 Cr | Satisfied | |
| 16 Jan 2010 | 10203178 | Idbi Bank Limited | ₹23.81 Cr | Satisfied | |
| 24 May 1999 | 90113154 | State Bank of Hydrabad | ₹14.06 Cr | Satisfied |
To see the full charge records of Mascot Forge Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mascot Forge Pvt Ltd has 10 court cases on record: 1 filed by Mascot Forge, 9 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 3 |
| High courts | 3 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed against the company by Iffco Tokio General Insurance Company Ltd | Disposed |
| District court, RAJKOT, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Court case (MCA) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
To see the full case history of Mascot Forge Pvt Ltd, buy the company report.
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
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 |
To see the full MSME payment records of Mascot Forge Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mascot Forge Pvt Ltd has a workforce of 86 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Mascot Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM5417H1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mascot Forge Pvt Ltd, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 5 current directors:
- Bhupatbhai Hirjibhai Makwana - Director
- Maheshkumar Premchandbhai Shah - Director
- Pushkar Sureshchandra Patel - Director
- Shashikant Hirjibhai Makwana - Director
- Nanalal Hirjibhai Makwana - Director
The latest financial statements of Mascot Forge on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 9 filed against it. 3 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, Sakegaonkar Innovative Technologies Private Limited, Pentagon Forge & Machine Limited, Lal Metal Forge Private Limited, Varindera Tools Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
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.
Mascot Forge 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 latest return was filed on 08 Jun 2019.
Mascot Forge can be reached through the website mascotforge.com. Its registered office is in Metoda, Gujarat, India.