About MGM Forgings Private Limited
Data last updated:
MGM Forgings Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 16 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02710KA1995PTC018056. Its GSTIN is 29AABCM5875F1Z6 (Karnataka).
The company has an authorised share capital of ₹4.44 Cr and a paid-up capital of ₹3.82 Cr. It is led by directors including Padmanabhakalluraya Sarve Srinivasamurthy and Chinnathambi Rajendran.
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 17 4th Main Jayalaxmipuram Mysore, Karnataka, India – 570012.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.73 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹3.87 Cr (net margin 67.6%) and EBITDA of ₹4.59 Cr (EBITDA margin 80%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 22% over five years.
As per MCA filings, the company has satisfied charges of ₹54.94 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgmforgings.com.
Company details
Contact details
MGM Forgings Private Limited's registered office is in Mysore, Karnataka. Its website is mgmforgings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address17 4th Main Jayalaxmipuram Mysore, Karnataka, India – 570012
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of MGM Forgings Private 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
Financials of MGM Forgings Private Limited
FY 2024 filings availableMGM Forgings Private Limited reported revenue of ₹5.73 Cr (down 69% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 69% fall in the latest year. EBITDA fell 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.59 Cr | ||||
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| Net Profit (PAT) | ₹3.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 80% | ||||
| Net Profit Margin | 67.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of MGM Forgings Private Limited, buy the company report.
Board of directors of MGM Forgings Private Limited
MGM Forgings has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmanabhakalluraya Sarve Srinivasamurthy Also directs: Risinous Oil & Chemicals Private Limited, MGM Forgings Bharat Private Limited, Forge Tools (Mysore) Private Limited and 1 more | Director | 28 Oct 2023 | 3 Years 0 Months | Current |
| Chinnathambi Rajendran | Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Vijayalakshmi Muralidhar Also directs: MGM - Pooja Developers LLP, MGM - Pooja Infra LLP, Sri Gajanana Rice and Oil Mills Limited and 5 more | Director | 16 Jun 1995 | 31 Years 4 Months | Current |
| Kattepur Balakrishna Setty Srinath | Director | 03 Mar 2010 | 16 Years 8 Months | Current |
| Badrinathan Kulur Varun Also directs: MGM Forgings Bharat Private Limited, Forge Tools (Mysore) Private Limited, MGM - Pooja Buildtech Private Limited and 1 more | Director | 06 Jul 2024 | 2 Years 3 Months | Current |
| Anchit Donthi Anil Also directs: MGM Forgings Bharat Private Limited, Forge Tools (Mysore) Private Limited, MGM - Pooja Buildtech Private Limited and 2 more | Director | 06 Jul 2024 | 2 Years 3 Months | Current |
Auditor
MGM Forgings Private Limited is audited by B S Ravikumar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S Ravikumar & Associates | FY 2023 | 006101S |
Shareholding
The shareholding of MGM Forgings Private Limited 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MGM Forgings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2024 | 100881718 | Hdfc Bank Limited | ₹25 Cr | Satisfied | |
| 27 Sep 2002 | 80002526 | State Bank of Mysore | ₹29.94 Cr | Satisfied |
To see the full charge records of MGM Forgings Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
MGM Forgings Private Limited has 9 court cases on record: 6 filed by MGM Forgings, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 3 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1802-Ordinary Civil Matters : T.P. Under Section 25 of the C.P.C.) | Filed by the company against 0 Kaja Ramesh Vice President of JM Financial Services Ltd. 7Th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai ,Mumbai , Maharashtra and 21 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against JM Financial Commtrade Ltd. and 3 others | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against J.M.Financials Services Ltd and 20 Ors | Disposed |
| High Court of Karnataka | Court case (RP) | Filed against the company by M/S.Concord Tools Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S.Concord Tools Pvt Ltd | Disposed |
To see the full case history of MGM Forgings Private 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 MGM Forgings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
MGM Forgings has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
MGM Forgings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM5875F1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MGM Forgings Private Limited, buy the company report.
Recent activity
MGM Forgings Private Limited has 17 board changes on record since 1995: 7 appointments and 10 cessations. The latest: Anchit Donthi Anil ceased to be Additional Director on 29 Sep 2024.
13 earlier events are in the company report.
Frequently asked questions
MGM Forgings is an active private limited company based in Mysore, Karnataka, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 16 June 1995 (31+ years old) and is registered under CIN U02710KA1995PTC018056.
MGM Forgings has 7 current directors:
- Padmanabhakalluraya Sarve Srinivasamurthy - Director
- Chinnathambi Rajendran - Director
- Vijayalakshmi Muralidhar - Director
- Kattepur Balakrishna Setty Srinath - Director
- Badrinathan Kulur Varun - Director
- Anchit Donthi Anil - Director
- Tumpudi Muralidhar Bhagavat - Director
The latest financial statements of MGM Forgings 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 MGM Forgings is 29AABCM5875F1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of MGM Forgings is U02710KA1995PTC018056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGM Forgings has 9 court cases on record: 6 filed by the company and 3 filed against it. Most are in the high courts.
MGM Forgings was incorporated on 16 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Anchit Donthi Anil ceased to be Additional Director on 29 Sep 2024. Badrinathan Kulur Varun ceased to be Additional Director on 29 Sep 2024. Chinnathambi Rajendran ceased to be Additional Director on 29 Sep 2024. MGM Forgings has 17 board changes on record in total.
MGM Forgings can be reached through the website mgmforgings.com. Its registered office is in Mysore, Karnataka, India.
The registered office of MGM Forgings is at 17 4th Main Jayalaxmipuram Mysore, Karnataka, India – 570012.
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