About Bay-Forge Private Limited
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Bay-Forge Private Limited is a private limited company based in Madurantakam, Tamil Nadu, India, a subsidiary of Fomas S.P.A. Italy. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 17 July 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27209TN1990PTC019404. Its GSTIN is 33AAACF0453D1ZD (Tamil Nadu).
The company has an authorised share capital of ₹169 Cr and a paid-up capital of ₹144.49 Cr. It was formerly known as Fomas India Limited and Bay-Forge Limited. It is led by directors including Adaikalam Christopheramirtharaj Julian (Managing Director) and Vincenzo Vaccari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Palayanoor P.O. Vedanthangal Road Pukkathurai Village, Madurantakam, Tamil Nadu, India – 603308.
As per the financials filed for FY 2025, the company reported a revenue of ₹171.49 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹6.15 Cr (net margin -3.6%) and EBITDA of ₹1.32 Cr (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 172 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FOMAS. As per MCA filings, the company has satisfied charges of ₹151.4 Cr on record. Court records list 67 cases involving the company, including 58 filed by the company and 9 filed against it; 16 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fomasgroup.com.
Company details
Name history
Bay-Forge has undergone 2 name changes throughout its history. The company was previously known as Fomas India Limited, and Bay-Forge Limited. The current legal name is Bay-Forge Private Limited.
| Company Name | Status |
|---|---|
| Bay-Forge Private Limited | Current |
| Fomas India Limited | Previous |
| Bay-Forge Limited | Previous |
CIN history
Bay-Forge has one previous CIN (Corporate Identification Number): U27209TN1990PLC019404. The current CIN is U27209TN1990PTC019404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27209TN1990PTC019404 | Current |
| U27209TN1990PLC019404 | Previous |
Contact details
Bay-Forge Private Limited's registered office is in Madurantakam, Tamil Nadu. Its website is fomasgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPalayanoor P.O. Vedanthangal Road Pukkathurai Village, Madurantakam, Tamil Nadu, India – 603308
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Bay-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
Bay-Forge operates one associated brand: FOMAS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of fish, shrimp, and pet food products | fomasgroup.com |
Business activity
The main business activity of Bay-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 Bay-Forge Private Limited, buy the company report.
Financials of Bay-Forge Private Limited
FY 2025 filings availableBay-Forge Private Limited reported revenue of ₹171.49 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 1% growth in the latest year. EBITDA fell 96% 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 | ₹1.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.15 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 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Bay-Forge Private Limited, buy the company report.
Board of directors of Bay-Forge Private Limited
Bay-Forge has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vincenzo Vaccari | Director | 05 Apr 2008 | 18 Years 6 Months | Current |
| Marco Gelfi | Director | 28 Feb 2009 | 17 Years 8 Months | Current |
| Jacopo Guzzoni | Director | 10 May 2006 | 20 Years 5 Months | Current |
| Adaikalam Christopheramirtharaj Julian | Managing Director | 11 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Bay-Forge Private Limited is compared with the 7 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), 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 |
|---|---|---|---|---|---|---|
| Echjay Forgings Private Limited | ₹174.54 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Recmet Alloys Private Limited | ₹172.16 Cr (FY 2025) | 209.0% | Kolkata, West Bengal, India | |||
| Chandanpani Limited | ₹171.54 Cr (FY 2025) | 21.0% | Vasna Margiya, Gujarat, India | |||
| Bay-Forge Private Limitedthis company | ₹171.49 Cr (FY 2025) | -₹6.15 Cr | -3.6% | 1.0% | 172 | Madurantakam, Tamil Nadu, India |
| Metlonics Industries Private Limited | ₹168.21 Cr (FY 2025) | 6.0% | Punjab, India | |||
| Western Heat and Forge Pvt Ltd | ₹167.63 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| Swadesh Green Infra Limited | ₹167.39 Cr (FY 2024) | 6.0% | New Delhi, Delhi, India | |||
| Ghalsasi Smelting Private Limited | ₹163.99 Cr (FY 2025) | 162.0% | Pune, Maharashtra, India |
To see the full peer comparison of Bay-Forge Private Limited, buy the company report.
Auditor
Bay-Forge Private Limited is audited by B S R & Co.Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co.Llp | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Bay-Forge 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 Bay-Forge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2018 | 100151870 | Idbi Bank Limited | ₹12 Cr | Satisfied | |
| 26 Nov 2008 | 10134160 | State Bank of Travancore | ₹18 Cr | Satisfied | |
| 03 Jun 2008 | 10114781 | Idbi Bank Limited | ₹33.9 Cr | Satisfied | |
| 25 Aug 2007 | 10153268 | Idbi Bank Limited | ₹10 Cr | Satisfied | |
| 24 Feb 2007 | 10045700 | Idbi Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Bay-Forge Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Bay-Forge Private Limited has 67 court cases on record: 58 filed by Bay-Forge, 9 filed against it. 16 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 2 | 12 |
| District courts | 22 | 7 | 4 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Technergy Engineering (India), Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Ms Technergy Engineering India Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Ms Technergy Engineering India Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Ms.Technergy Engineering India Pvt.Ltd. | Disposed |
| High Court | Company petition | Filed against the company by In the Matter of : Naistoco(India) Pvt Ltd -and- | Disposed |
To see the full case history of Bay-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
Bay-Forge Private Limited has 5 MSME Form 1 returns on record between 2020 and 2022, listing 10 overdue payments to 8 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 (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Precision Machines and Equipments Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Delta Weartech Engineers Private Limited |
To see the full MSME payment records of Bay-Forge Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bay-Forge Private Limited has a workforce of 172 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Bay-Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACF0453D1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bay-Forge Private Limited, buy the company report.
Recent activity
Bay-Forge Private Limited has 20 board changes on record since 2006: 4 appointments and 16 cessations. The latest: Massimo Guzzoni ceased to be Director on 14 Jun 2021.
35 earlier events are in the company report.
Frequently asked questions
Bay-Forge is an active private limited company based in Madurantakam, Tamil Nadu, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 17 July 1990 (36+ years old) and is registered under CIN U27209TN1990PTC019404.
Bay-Forge has 4 current directors:
- Adaikalam Christopheramirtharaj Julian - Managing Director
- Vincenzo Vaccari - Director
- Marco Gelfi - Director
- Jacopo Guzzoni - Director
The latest financial statements of Bay-Forge on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bay-Forge is 33AAACF0453D1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Bay-Forge is U27209TN1990PTC019404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bay-Forge has 67 court cases on record: 58 filed by the company and 9 filed against it. 16 are pending. Most are in the high courts.
Bay-Forge was incorporated on 17 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Bay-Forge by revenue are Echjay Forgings Private Limited, Recmet Alloys Private Limited, Chandanpani Limited, Metlonics Industries Private Limited, Western Heat and Forge Pvt Ltd and 2 more, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Massimo Guzzoni ceased to be Director on 14 Jun 2021. Zanfrini Arnaldo ceased to be Director on 26 Sep 2017. Carlo Emilio Rocca ceased to be Director on 20 Mar 2014. Bay-Forge has 20 board changes on record in total.
Bay-Forge has 5 MSME Form 1 returns on record between 2020 and 2022, listing 10 overdue payments to 8 micro and small suppliers. The latest return was filed on 22 Apr 2022.
Bay-Forge can be reached through the website fomasgroup.com. Its registered office is in Madurantakam, Tamil Nadu, India.
The registered office of Bay-Forge is at Palayanoor P.O. Vedanthangal Road Pukkathurai Village, Madurantakam, Tamil Nadu, India – 603308.