About Se Forge Limited
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Se Forge Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Suzlon Energy Limited. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 26 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27310GJ2006PLC048563. Its GSTIN is 24AAKCS1047G1ZJ (Gujarat). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹950 Cr and a paid-up capital of ₹784.92 Cr. It is led by directors including Kamleshbhai Muljibhai Bhadani (Managing Director) and Jayarama Prasad Chalasani.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5 Shrimali Society Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹492 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹9.87 Cr (net margin 2%) and EBITDA of ₹74.97 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 439 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SEForge. As per MCA filings, the company has open charges of ₹916.35 Cr and satisfied charges of ₹1,068.62 Cr on record. Court records list 242 cases involving the company, including 21 filed by the company and 221 filed against it; 9 cases are pending. The company has 10 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1,144.11 Cr; the latest was in January 2016. Its 6 peer companies in the Machinery and Equipment industry (Die Casting, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Sri Ranganathar Industries Private Limited with revenue of ₹526.35 Cr. The company has 35 MSME Form 1 returns on record between 2016 and 2024, listing 6,709 overdue payments to 334 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seforge.com.
Company details
Contact details
Se Forge Limited's registered office is in Ahmedabad, Gujarat. Its website is seforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5 Shrimali Society Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Se Forge 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
Se Forge operates one associated brand: SEForge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casting and forging products are manufactured for various industries. | seforge.com |
Business activity
The main business activity of Se 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 Se Forge Limited, buy the company report.
Financials of Se Forge Limited
FY 2025 filings availableSe Forge Limited reported revenue of ₹492 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 1% growth in the latest year. EBITDA fell 2% 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 | ₹74.97 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹9.87 Cr | ||||
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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 | 15.2% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Se Forge Limited, buy the company report.
Board of directors of Se Forge Limited
Se Forge has 5 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayarama Prasad Chalasani | Director | 18 Oct 2023 | 3 Years 0 Months | Current |
| Seemantinee Shashank Khot Also directs: Suzlon Energy Limited, Suzlon Renewable Development Limited, Chhaya Strategic Advisors LLP and 1 more | Director | 01 Aug 2020 | 6 Years 2 Months | Current |
| Kamleshbhai Muljibhai Bhadani | Managing Director | 01 May 2024 | 2 Years 5 Months | Current |
| Girish Ranchhodbhai Tanti Also directs: Tanti Services LLP, Suzlon Energy Limited, Goodvin Enterprise Private Limited and 4 more | Director | 18 Oct 2023 | 3 Years 0 Months | Current |
| Gautam Bhailal Doshi Also directs: Bhavna Doshi Associates LLP, Sun Pharmaceutical Industries Limited, Piramal Finance Limited and 4 more | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
Peer comparison
Se Forge Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Die Casting, Tools and Components), 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 |
|---|---|---|---|---|---|---|
| Sri Ranganathar Industries Private Limited | ₹526.35 Cr (FY 2025) | 18.0% | Coimbatore, Tamil Nadu, India | |||
| Pec Ventures Private Limited | ₹510.28 Cr (FY 2025) | -8.0% | Delhi, India | |||
| Geekay Wires Limited | ₹499.5 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| Se Forge Limitedthis company | ₹492 Cr (FY 2025) | ₹9.87 Cr | 2% | 1.0% | 439 | Ahmedabad, Gujarat, India |
| Sakthi Auto Ancillary Private Limited | ₹490.31 Cr (FY 2025) | 1.0% | Tamil Nadu, India | |||
| Sanmar Matrix Metals Limited | ₹477.05 Cr (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Taegutec India Private Limited | ₹473.07 Cr (FY 2025) | 23.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Se Forge Limited, buy the company report.
Auditor
Se Forge Limited is audited by Walker Chandiok & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co. LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Se Forge 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 Se Forge Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2025 | 101067264 | Others | ₹100 Cr | Open | |
| 21 Feb 2025 | 101062137 | Others | ₹200 Cr | Open | |
| 24 Oct 2024 | 100994023 | Idbi Trusteeship Services Limited | ₹205.45 Cr | Open | |
| 11 Jun 2014 | 10504808 | Idbi Trusteeship Services Limited | ₹205.45 Cr | Open | |
| 14 Mar 2014 | 10486901 | Others | ₹205.45 Cr | Open |
To see the full charge records of Se Forge Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Se Forge Limited has 10 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1,144.11 Cr; the latest was in January 2016.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Funding round | ₹328 Cr | Investors: Suzlon Energy Limited |
| Mar 2015 | Rights issue | ₹150 Cr | Investors: Suzlon Energy Limited |
| Mar 2014 | Funding round | ₹175 Cr | Investors: Suzlon Energy Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Suzlon Energy Limited Seller: Investcorp |
| Mar 2009 | Secondary share transfer | Undisclosed | Seller: Suzlon Energy Limited |
To see the full deal history of Se Forge 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
Se Forge Limited has 242 court cases on record: 21 filed by Se Forge, 221 filed against it. 9 cases are pending and 233 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 218 | 212 | 0 |
| High courts | 21 | 8 | 9 |
| NCLAT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 242)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by SKF Engineering and Lubrication India Private Limited Through Authorised Ms. Kshipra Khairnar | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed against the company by Total Energies Marketing India Private Limited | Disposed |
| NCLAT, Court III | Tribunal matter | Filed by the company against Welmech Engineering Company Pvt. Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Welmech Engineering Company Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Total Oil India Pvt Ltd | Disposed |
To see the full case history of Se Forge 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.
Credit ratings & regulatory alerts
Se Forge Limited was last rated by Care on 26 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Sep 2022 |
To see the full credit ratings and regulatory alerts of Se Forge Limited, buy the company report.
MSME payment delays
Se Forge Limited has 35 MSME Form 1 returns on record between 2016 and 2024, listing 6,709 overdue payments to 334 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 334)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Arm Engifab India Private Limited | |||
| an individual supplier | |||
| Sangeetha Pattern Works | |||
| an individual supplier |
To see the full MSME payment records of Se Forge Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Se Forge Limited has a workforce of 439 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Se Forge has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS1047G1ZJ | Gujarat | Active | 01 Jul 2017 |
| 24AAKCS1047G3ZH | Gujarat | Active | 05 May 2024 |
| 33AAKCS1047G2ZJ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Se Forge Limited, buy the company report.
Recent activity
Se Forge Limited has 33 board changes on record since 2008: 5 appointments and 28 cessations. The latest: Gautam Bhailal Doshi ceased to be Additional Director on 08 Sep 2025.
50 earlier events are in the company report.
News
Frequently asked questions
Se Forge is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 26 June 2006 (20+ years old) and is registered under CIN U27310GJ2006PLC048563.
Se Forge has 5 current directors:
- Kamleshbhai Muljibhai Bhadani - Managing Director
- Jayarama Prasad Chalasani - Director
- Seemantinee Shashank Khot - Director
- Girish Ranchhodbhai Tanti - Director
- Gautam Bhailal Doshi - Director
The latest financial statements of Se Forge on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Se Forge is 24AAKCS1047G1ZJ, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAKCS1047G3ZH (Gujarat), 33AAKCS1047G2ZJ (Tamil Nadu).
The CIN (Corporate Identification Number) of Se Forge is U27310GJ2006PLC048563. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Se Forge has 242 court cases on record: 21 filed by the company and 221 filed against it. 9 are pending. Most are in the district courts.
Se Forge was incorporated on 26 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Se Forge has 10 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1,144.11 Cr; the latest was in January 2016.
The peers of Se Forge by revenue are Sri Ranganathar Industries Private Limited, Pec Ventures Private Limited, Geekay Wires Limited, Sakthi Auto Ancillary Private Limited, Sanmar Matrix Metals Limited and 1 more, all in the Machinery and Equipment industry (Die Casting, Tools and Components), with the same principal business activity (metal and metal products).
Gautam Bhailal Doshi ceased to be Additional Director on 08 Sep 2025. Gautam Bhailal Doshi was appointed as Director on 28 Oct 2024. Jayarama Prasad Chalasani ceased to be Additional Director on 01 Sep 2024. Se Forge has 33 board changes on record in total.
Se Forge has 35 MSME Form 1 returns on record between 2016 and 2024, listing 6,709 overdue payments to 334 micro and small suppliers. The latest return was filed on 01 May 2024.
Se Forge can be reached through the website seforge.com. Its registered office is in Ahmedabad, Gujarat, India.