MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0064256
Economic Forge Pvt Ltd - metals and minerals in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹107.65 Cr
▲ 1% YoY
Net profit · FY 2025
₹3.53 Cr
Net margin 3.3%
EBITDA · FY 2025
₹5.79 Cr
EBITDA margin 5.4%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹4.64 Cr
Satisfied ₹11.99 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
53
Provident fund records
About Economic Forge Pvt Ltd
Data last updated:
Economic Forge Pvt Ltd is a private limited company based in Thane, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 February 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28900MH1984PTC032164. Its GSTIN is 27AAACE6537B1ZY (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Sanjay Chowdhri and Mayank Ravi Shankar Jhunjhunwala.
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 R 263 Itc Indl Area Rabalevillage Thane Belapur Road, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹107.65 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹3.53 Cr (net margin 3.3%) and EBITDA of ₹5.79 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.64 Cr and satisfied charges of ₹11.99 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending.
Economic Forge Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0064256). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website economicforge.com.
Company details
CIN U28900MH1984PTC032164
Registration Number 032164
Incorporation Date 14 February 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0064256
Key People
Sanjay Chowdhri Director Mayank Ravi Shankar Jhunjhunwala Director Ravi Shanker Jhunjhunwala Director Recognitions & Rankings of Economic Forge
Contact details
Economic Forge Pvt Ltd's registered office is in Thane, Maharashtra. Its website is economicforge.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressR 263 Itc Indl Area Rabalevillage Thane Belapur Road, Maharashtra, India – 400701
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Economic Forge Pvt Ltd, buy the company report.
Comprehensive company report
Economic Forge Pvt Ltd - one report that includes everything
- 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
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Business activity
The main business activity of Economic 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 Economic Forge Pvt Ltd, buy the company report.
Financials of Economic Forge Pvt Ltd
FY 2025 filings availableEconomic Forge Pvt Ltd reported revenue of ₹107.65 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹107.65 Cr ▲ 1%
Net profit · FY 2025
₹3.53 Cr margin 3.3%
EBITDA · FY 2025
₹5.79 Cr margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 9%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 22%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 1% growth in the latest year. EBITDA rose 3% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.53 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 5.4% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Economic Forge Pvt Ltd, buy the company report.
Board of directors of Economic Forge Pvt Ltd
Economic Forge has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Chowdhri Also directs: Supreme Engineering Limited, A.S.C Engineers Private Limited | Director | 17 Oct 1995 | 31 Years 0 Months | Current |
| Mayank Ravi Shankar Jhunjhunwala Also directs: Shailaja Agencies Private Limited | Director | 16 Feb 2015 | 11 Years 8 Months | Current |
| Ravi Shanker Jhunjhunwala Also directs: Shailaja Agencies Private Limited | Director | 17 Oct 1995 | 31 Years 0 Months | Current |
Peer comparison
Economic Forge Pvt Ltd is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Madhyachal Steels Pvt Ltd | ₹108.13 Cr (FY 2024) | 35.0% | Indore, Madhya Pradesh, India | |||
| Rajputana Alloys Private Limited | ₹108.13 Cr (FY 2025) | 13.0% | Gandhinagar, Gujarat, India | |||
| Multiple Special Steel Private Limited | ₹107.69 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| Economic Forge Pvt Ltdthis company | ₹107.65 Cr (FY 2025) | ₹3.53 Cr | 3.3% | 1.0% | 53 | Thane, Maharashtra, India |
| Meenakshi Re-Rollers Private Limited | ₹107.62 Cr (FY 2025) | -17.0% | Jhansi, Uttar Pradesh, India | |||
| Reby Castings Private Limited | ₹107.19 Cr (FY 2025) | -20.0% | Bhiwadi, Rajasthan, India |
To see the full peer comparison of Economic Forge Pvt Ltd, buy the company report.
Auditor
Economic Forge Pvt Ltd is audited by PANACHAND K SHAH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANACHAND K SHAH & CO | FY 2023 | 107271W |
Shareholding
The shareholding of Economic 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Economic Forge Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹4.64 Cr
Satisfied charges
₹11.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2016 | 100035787 | Others | ₹4.5 Cr | Open | |
| 05 Aug 1992 | 90141734 | Bank of Baroda | ₹4.5 Lakh | Open | |
| 02 Jan 1991 | 90141697 | Bank of Baroda | ₹3 Lakh | Open | |
| 10 Jun 1989 | 90141655 | The Sarawat Co-Operative Bank Ltd. | ₹1 Lakh | Open | |
| 16 Oct 1986 | 90141611 | Bank O F Baroda | ₹70,000 | Open |
To see the full charge records of Economic Forge Pvt Ltd, buy the company report.
Total charge records: 16 View all charges
Legal cases
Economic Forge Pvt Ltd has 4 court cases on record: 4 filed by Economic Forge. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S Lip Fasteners Pvt Ltd and 2 Ors | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S Lip Fasteners Pvt. Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S Lip Fasteners Pvt Ltd and Othrs | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against K S Senthilkumar Prop.M D M/S Kalaivani Automations | Disposed |
To see the full case history of Economic 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
No delayed payments to MSME suppliers are on our record for Economic Forge Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Economic Forge Pvt Ltd has a workforce of 53 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
Employee count
53
Active EPFO establishments
1
GST
Economic Forge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE6537B1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Economic Forge Pvt Ltd, buy the company report.
Recent activity
Economic Forge Pvt Ltd has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Atma Ram Agarwal ceased to be Director on 06 Apr 2021.
AGM
Economic Forge Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Economic Forge Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Atma Ram Agarwal ceased to be Director.
Ceased
Omprakash Agarwal Kishanlal ceased to be Director.
Charges
A charge registered on 29 Apr 2014 via Charge ID 10493030 with Dombivli Nagari Sahakari Bank Limited was fully satisfied on 23 Jun 2016.
Charges
A charge registered on 23 May 2011 via Charge ID 10341706 with Dombivli Nagari Sahakari Bank Limited was fully satisfied on 23 Jun 2016.
Charges
A charge with Others amounted to Rs. 450.00 Lakh with Charge ID 100035787 was registered on 22 Jun 2016.
Charges
A charge registered on 12 May 2005 via Charge ID 90145744 with Dombvli Nagrik Sahakari Bank Ltd. was fully satisfied on 14 Jun 2016.
Charges
A charge registered on 23 Dec 2004 via Charge ID 90145582 with Dombvli Nagrik Sahakari Bank Ltd. was fully satisfied on 14 Jun 2016.
Charges
A charge registered on 20 Nov 2003 via Charge ID 90144804 with Dombvli Nagrik Sahakari Bank Ltd. was fully satisfied on 14 Jun 2016.
Charges
A charge registered on 21 Jun 2003 via Charge ID 90144543 with Dombvli Nagrik Sahakari Bank Ltd. was fully satisfied on 14 Jun 2016.
Charges
A charge registered on 30 Dec 2000 via Charge ID 90143193 with Dombvli Nagrik Sahakari Bank Ltd. was fully satisfied on 14 Jun 2016.
29 earlier events are in the company report.
Frequently asked questions
Economic Forge is an active private limited company based in Thane, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 February 1984 (42+ years old) and is registered under CIN U28900MH1984PTC032164.
Economic Forge has 3 current directors:
- Sanjay Chowdhri - Director
- Mayank Ravi Shankar Jhunjhunwala - Director
- Ravi Shanker Jhunjhunwala - Director
The latest financial statements of Economic 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 Economic Forge is 27AAACE6537B1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Economic Forge is U28900MH1984PTC032164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Economic Forge has 4 court cases on record: 4 filed by the company. 1 is pending.
Economic Forge was incorporated on 14 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Economic Forge by revenue are Madhyachal Steels Pvt Ltd, Rajputana Alloys Private Limited, Multiple Special Steel Private Limited, Meenakshi Re-Rollers Private Limited, Reby Castings Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Atma Ram Agarwal ceased to be Director on 06 Apr 2021. Omprakash Agarwal Kishanlal ceased to be Director on 15 Nov 2019. Mayank Ravi Shankar Jhunjhunwala ceased to be Additional Director on 10 Sep 2015. Economic Forge has 6 board changes on record in total.
Yes, Economic Forge is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0064256).
Economic Forge can be reached through the website economicforge.com. Its registered office is in Thane, Maharashtra, India.
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