About Adico Forge Private Limited
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Adico Forge Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 21 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27109PN2004PTC019295. Its GSTIN is 27AAECA7334C1ZZ (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹25 Lakh. It is led by directors including Shrikant Satyanarayan Agarwal and Vikas Vinodkumar Agarwal.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gat No. 1088 &1091 Sanaswadi – Tal – Shirur, Pune, Maharashtra, India – 412208.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.1 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹12.99 Cr and EBITDA of ₹14.02 Cr. Revenue has declined at a compounded annual rate (CAGR) of 71% over five years.
The company has about 142 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adico Forge. As per MCA filings, the company has open charges of ₹32 Cr and satisfied charges of ₹52.16 Cr on record. Court records list 55 cases involving the company, including 6 filed by the company and 49 filed against it; 16 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adicoforge.com.
Company details
Contact details
Adico Forge Private Limited's registered office is in Pune, Maharashtra. Its website is adicoforge.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGat No. 1088 &1091 Sanaswadi – Tal – Shirur, Pune, Maharashtra, India – 412208
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Adico Forge 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
Brands
Adico Forge operates one associated brand: Adico Forge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies connecting rods to OEMs and Tier 1 suppliers. | adicoforge.com |
Business activity
The main business activity of Adico Forge is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Adico Forge Private Limited, buy the company report.
Financials of Adico Forge Private Limited
FY 2025 filings availableAdico Forge Private Limited reported revenue of ₹12.1 Lakh (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over five years, including a 48% fall 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.1 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.99 Cr | ||||
| Balance Sheet | |||||
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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 Adico Forge Private Limited, buy the company report.
Board of directors of Adico Forge Private Limited
Adico Forge has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Satyanarayan Agarwal | Director | 18 May 2024 | 2 Years 5 Months | Current |
| Vikas Vinodkumar Agarwal Also directs: Ankleshwar Metal Industries LLP, Trinity India Forgetech Private Limited, Smita Steels Rolling Mills Private Limited and 4 more | Director | 18 May 2024 | 2 Years 5 Months | Current |
| Yashvardhan Shrikant Agarwal Also directs: Ankleshwar Metal Industries LLP, Trinity India Forgetech Private Limited, Smita Steels Rolling Mills Private Limited and 3 more | Director | 18 May 2024 | 2 Years 5 Months | Current |
| Vinodkumar Satyanarain Agarwal Also directs: Ankleshwar Metal Industries LLP, Trinity India Forgetech Private Limited, Smita Steels Rolling Mills Private Limited and 4 more | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
| Ganesh Appasaheb Kshirsagar Also directs: Trinity India Forgetech Private Limited | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
| Gaurav Vinodkumar Agarwal Also directs: Ankleshwar Metal Industries LLP | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Adico Forge Private Limited is audited by PAYAL VIVEK AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAYAL VIVEK AND ASSOCIATES | FY 2021 | 155719W |
Shareholding
The shareholding of Adico Forge Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adico Forge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2024 | 100960242 | Axis Bank Limited | ₹16 Cr | Open | |
| 05 Aug 2024 | 100960226 | Axis Bank Limited | ₹16 Cr | Open | |
| 19 Jan 2018 | 100155516 | Hdfc Bank Limited | ₹16 Cr | Satisfied | |
| 21 Aug 2012 | 10375644 | Idbi Bank Limited | ₹4.5 Cr | Satisfied | |
| 13 Sep 2008 | 10126294 | Idbi Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Adico Forge Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Adico Forge Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2011 | Funding round | ₹2 Cr | Investors: K. Santoki & Sons Marketing Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adico Forge Private Limited has 55 court cases on record: 6 filed by Adico Forge, 49 filed against it. 16 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 42 | 15 |
| NCLAT | 4 | 4 | 1 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Trinity India Forgetech Pvt. Ltd. Through Chandrakant Gulunjkar | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Mahindra Sanyo Special Steel Pvt. Ltd. | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S Jayaswal Neco Industries Ltd | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Sunflag Iron and Steel Co.Ltd. | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
To see the full case history of Adico Forge 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 Adico Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adico Forge Private Limited has a workforce of 142 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Adico Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA7334C1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adico Forge Private Limited, buy the company report.
Recent activity
Adico Forge Private Limited has 20 board changes on record since 2018: 6 appointments and 14 cessations. The latest: Ganesh Appasaheb Kshirsagar ceased to be Additional Director on 29 Sep 2024.
27 earlier events are in the company report.
Frequently asked questions
Adico Forge is an active private limited company based in Pune, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 21 May 2004 (22+ years old) and is registered under CIN U27109PN2004PTC019295.
Adico Forge has 6 current directors:
- Shrikant Satyanarayan Agarwal - Director
- Vikas Vinodkumar Agarwal - Director
- Yashvardhan Shrikant Agarwal - Director
- Vinodkumar Satyanarain Agarwal - Director
- Ganesh Appasaheb Kshirsagar - Director
- Gaurav Vinodkumar Agarwal - Director
The latest financial statements of Adico Forge on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Adico Forge is 27AAECA7334C1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Adico Forge is U27109PN2004PTC019295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adico Forge has 55 court cases on record: 6 filed by the company and 49 filed against it. 16 are pending. Most are in the district courts.
Adico Forge was incorporated on 21 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Adico Forge has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2019.
Ganesh Appasaheb Kshirsagar ceased to be Additional Director on 29 Sep 2024. Gaurav Vinodkumar Agarwal ceased to be Additional Director on 29 Sep 2024. Shrikant Satyanarayan Agarwal ceased to be Additional Director on 29 Sep 2024. Adico Forge has 20 board changes on record in total.
Adico Forge can be reached through the website adicoforge.com. Its registered office is in Pune, Maharashtra, India.
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