About Metalyst Forgings Limited
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Metalyst Forgings Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Amtek Auto Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 21 March 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L28910MH1977PLC019569. It is recorded as listed by MCA, but its shares were delisted from NSE on 26 Mar 2025 · voluntary delisting and from BSE on 26 Mar 2025 · voluntary delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹1,402 Cr and a paid-up capital of ₹1,164 Cr. It was formerly known as Ahmednagar Forgings Limited. It is led by directors including Ashwath Ram (Managing Director) and Sanjay Shamgonda Patil (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gat No 614 Village Kurulikhed, Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2025, the company reported a revenue of ₹271.07 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹3,265.47 Cr and EBITDA of ₹3,288.74 Cr. Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company has about 482 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Metalyst Forgings and Amtek Industries. As per MCA filings, the company has open charges of ₹159 Cr and satisfied charges of ₹5,573.02 Cr on record. Court records list 647 cases involving the company, including 194 filed by the company and 453 filed against it; 49 cases are pending. The company has 70 deals on record (57 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹1,121.4 Cr; the latest was in July 2024. Its 10 peer companies in the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 5 smaller; the largest is Excel Controlinkage Private Limited with revenue of ₹272.24 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website amtek.com.
Company details
CIN history
Metalyst Forgings has one previous CIN (Corporate Identification Number): U28910MH1977PLC019569. The current CIN is L28910MH1977PLC019569, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28910MH1977PLC019569 | Current |
| U28910MH1977PLC019569 | Previous |
Contact details
Metalyst Forgings Limited's registered office is in Pune, Maharashtra. Its website is amtek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No 614 Village Kurulikhed, Pune, Maharashtra, India – 410501
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Metalyst Forgings Limited, 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
Brands
Metalyst Forgings operates two associated brands: Metalyst Forgings and Amtek Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Forging components are manufactured by Metalyst for automotive and industrial uses. | metalyst.co.in | |
| Manufactures forged, cast, and machined auto components | amtek.com |
Business activity
The main business activity of Metalyst Forgings 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 Metalyst Forgings Limited, buy the company report.
Financials of Metalyst Forgings Limited
FY 2025 filings availableMetalyst Forgings Limited reported revenue of ₹271.07 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 5% growth in the latest year. EBITDA rose 424% 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 | ₹3,288.74 Cr | ||||
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| Net Profit (PAT) | ₹3,265.47 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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To see the full financial statements and ratios of Metalyst Forgings Limited, buy the company report.
Board of directors of Metalyst Forgings Limited
Metalyst Forgings has 5 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Archana Girish Lakhe Also directs: Revent Precision Engineering Limited, Revent Metalcast Limited | Director | 28 Jun 2025 | 1 Years 3 Months | Current |
| Muthuswami Lakshminarayan Also directs: Sansera Engineering Limited, Asm Technologies Limited, Pinnacle Mobility Solutions Private Limited and 5 more | Director | 28 Jun 2025 | 1 Years 3 Months | Current |
| Ashwath Ram Also directs: Anker Equipment LLP, Avenor Analytics LLP, Revent Precision Engineering Limited and 5 more | Managing Director | 01 May 2025 | 1 Years 5 Months | Current |
| Sanjay Shamgonda Patil | Whole-Time Director | 26 Jun 2024 | 2 Years 3 Months | Current |
| Muneesh Chawla | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
Peer comparison
Metalyst Forgings Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Excel Controlinkage Private Limited | ₹272.24 Cr (FY 2025) | 2.0% | Nagpur, Maharashtra, India | |||
| East India Drums and Barrels Manufacturing Limited | ₹272.18 Cr (FY 2025) | 1030873.0% | Mumbai, Maharashtra, India | |||
| Aakar Foundry Private Limited | ₹272.05 Cr (FY 2025) | 2.0% | Talegaon Dabhade, Maharashtra, India | |||
| Emsons Products Private Limited | ₹271.18 Cr (FY 2025) | 52.0% | Delhi, India | |||
| Calcutta Springs Ltd | ₹271.15 Cr (FY 2024) | 6.0% | Kolkata, West Bengal, India | |||
| Metalyst Forgings Limitedthis company | ₹271.07 Cr (FY 2025) | ₹3,265.47 Cr | 5.0% | 482 | Pune, Maharashtra, India | |
| Greenberry Foils India Limited | ₹271.04 Cr (FY 2024) | -9.0% | New Delhi, Delhi, India | |||
| Hydrolines (Bangalore) Private Limited | ₹271 Cr (FY 2025) | 98.0% | Bengaluru, Karnataka, India | |||
| Abhijeet Ferrotech Limited | ₹270.61 Cr (FY 2016) | -34.0% | Kolkata, West Bengal, India | |||
| S.A. Iron & Alloys Private Limited | ₹270.53 Cr (FY 2025) | 28.0% | Chandauli, Uttar Pradesh, India | |||
| Sanjay Castings (India) Private Limited | ₹270.51 Cr (FY 2025) | 8.0% | Bhavanagar, Gujarat, India |
To see the full peer comparison of Metalyst Forgings Limited, buy the company report.
Auditor
Metalyst Forgings Limited is audited by RAJ GUPTA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJ GUPTA & CO | FY 2020 | 000203N |
Shareholding
The shareholding of Metalyst Forgings Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Metalyst Forgings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2024 | 100992712 | Others | ₹50 Cr | Open | |
| 29 Jan 2013 | 10413297 | Standard Chartered Bank | ₹108 Cr | Open | |
| 05 Jun 1992 | 90089753 | Bank of Baroda | ₹1 Cr | Open | |
| 02 Jun 2017 | 100141651 | Others | ₹77.52 Cr | Satisfied | |
| 26 Sep 2016 | 100078599 | Syndicate Bank | ₹11.5 Cr | Satisfied |
To see the full charge records of Metalyst Forgings Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Metalyst Forgings Limited has 70 deals on record (57 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹1,121.4 Cr; the latest was in July 2024.
Deals on record (5 of 70)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Funding round | ₹68 Cr | Investors: Revent Precision Engineering Limited |
| Mar 2017 | Market trade | ₹26.12 Cr | Buyer: Shree Bhuvanakaram Tradinvest Pvt Ltd , Parag J Sheth Huf, 2 individuals Seller: Shree Bhuvanakaram Tradinvest Pvt Ltd , Parag J Sheth Huf, 2 individuals |
| Mar 2017 | Market trade | ₹3.78 Cr | Buyer: Shree Bhuvanakaram Tradinvest Pvt Ltd Seller: Shree Bhuvanakaram Tradinvest Pvt Ltd |
| Sep 2016 | Market trade | ₹2.29 Cr | Buyer: Shree Bhuvanakaram Tradinvest Pvt Ltd Seller: Shree Bhuvanakaram Tradinvest Pvt Ltd |
| Jul 2016 | Market trade | ₹2.88 Cr | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
To see the full deal history of Metalyst Forgings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metalyst Forgings Limited has 647 court cases on record: 194 filed by Metalyst Forgings, 453 filed against it. 49 cases are pending and 598 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 580 | 425 | 30 |
| High courts | 56 | 20 | 19 |
| Supreme Court | 10 | 7 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 647)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Apogee Logistics India Pvt. Ltd. Through Shantanu Shankar Mondal | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against Laser Automation Private Limited and Other and 2 others | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Apogee Logistics India Pvt. Ltd. Through Shantanu Shankar Mondal | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Union of India THR the Secretary and Ors | Pending |
To see the full case history of Metalyst Forgings Limited, 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
No delayed payments to MSME suppliers are on our record for Metalyst Forgings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Metalyst Forgings Limited has a workforce of 482 employees on its EPFO records as of Apr 03, 2024, across 4 active EPFO establishments.
GST
No GST registration is on our record for Metalyst Forgings Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Metalyst Forgings Limited has 45 board changes on record since 2003: 25 appointments and 20 cessations. The latest: Archana Girish Lakhe was appointed as Director on 28 Jun 2025.
166 earlier events are in the company report.
News
Frequently asked questions
Metalyst Forgings is an active public limited company based in Pune, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 21 March 1977 (49+ years old) and is registered under CIN L28910MH1977PLC019569.
Metalyst Forgings has 5 current directors:
- Ashwath Ram - Managing Director
- Sanjay Shamgonda Patil - Whole-Time Director
- Archana Girish Lakhe - Director
- Muthuswami Lakshminarayan - Director
- Muneesh Chawla - Director
The latest financial statements of Metalyst Forgings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Metalyst Forgings is L28910MH1977PLC019569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metalyst Forgings is recorded as a listed company by MCA, but its shares were delisted from NSE on 26 Mar 2025 · voluntary delisting and from BSE on 26 Mar 2025 · voluntary delisting, and no longer trade on a stock exchange.
Metalyst Forgings has 647 court cases on record: 194 filed by the company and 453 filed against it. 49 are pending. Most are in the district courts.
Metalyst Forgings was incorporated on 21 March 1977, making it 49+ years old. It is registered with the Registrar of Companies, Pune.
Metalyst Forgings has 70 deals on record (57 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹1,121.4 Cr; the latest was in July 2024.
The peers of Metalyst Forgings by revenue are Excel Controlinkage Private Limited, East India Drums and Barrels Manufacturing Limited, Aakar Foundry Private Limited, Emsons Products Private Limited, Calcutta Springs Ltd and 5 more, all in the same principal business activity (metal and metal products).
Archana Girish Lakhe was appointed as Director on 28 Jun 2025. Muthuswami Lakshminarayan was appointed as Director on 28 Jun 2025. Bharatkumar Balvantrai Parekh ceased to be Director on 08 May 2025. Metalyst Forgings has 45 board changes on record in total.
Metalyst Forgings can be reached through the website amtek.com. Its registered office is in Pune, Maharashtra, India.