MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0051049
Varad Forge Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.93 Cr
▲ 39% YoY
Net loss · FY 2025
₹47.23 Lakh
Net margin -3.7%
EBITDA · FY 2025
₹48.61 Lakh
EBITDA margin 3.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹4.58 Cr
Satisfied ₹7.4 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
37
Provident fund records
About Varad Forge Private Limited
Data last updated:
Varad Forge Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 06 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28110PN2011PTC138205. Its GSTIN is 27AADCV5133F1ZG (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sangram Kirtikumar Desai (Managing Director) and Varsha Sangram Desai.
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 E 503 Daffodils Magarpatta City, Pune, Maharashtra, India – 411013.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.93 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net loss of ₹47.23 Lakh (net margin -3.7%) and EBITDA of ₹48.61 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 26% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.58 Cr and satisfied charges of ₹7.4 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 1 case is pending.
Varad Forge Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0051049). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varadforge.com.
Company details
CIN U28110PN2011PTC138205
Registration Number 138205
Incorporation Date 06 January 2011
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0051049
Key People
Sangram Kirtikumar Desai Managing Director Varsha Sangram Desai Director Rajesh Ankushrao Tope Director Recognitions & Rankings of Varad Forge
Contact details
Varad Forge Private Limited's registered office is in Pune, Maharashtra. Its website is varadforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE 503 Daffodils Magarpatta City, Pune, Maharashtra, India – 411013
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Varad Forge Private Limited, buy the company report.
Comprehensive company report
Varad Forge Private Limited - 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 Varad Forge is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Varad Forge Private Limited, buy the company report.
Financials of Varad Forge Private Limited
FY 2024 filings availableVarad Forge Private Limited reported revenue of ₹12.93 Cr (up 39% YoY) for FY 2025.
Revenue · FY 2025
₹12.93 Cr ▲ 39%
Net loss · FY 2025
₹47.23 Lakh margin -3.7%
EBITDA · FY 2025
₹48.61 Lakh margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 28%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 39% growth in the latest year. EBITDA rose 22% 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 | ₹48.61 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹47.23 Lakh | ||||
| 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 | 3.8% | ||||
| Net Profit Margin | -3.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varad Forge Private Limited, buy the company report.
Board of directors of Varad Forge Private Limited
Varad Forge has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Sangram Desai | Director | 06 Jan 2011 | 15 Years 9 Months | Current |
| Sangram Kirtikumar Desai | Managing Director | 06 Jan 2011 | 15 Years 9 Months | Current |
| Rajesh Ankushrao Tope Also directs: Allied Blenders and Distillers Maharashtra LLP, Parthraj Developers Private Limited, D.R.T Trading Private Limited and 3 more | Director | 08 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Varad Forge Private Limited is audited by A S THORAT & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S THORAT & ASSOCIATES | FY 2023 | 125646W |
Shareholding
The shareholding of Varad 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 Varad Forge Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.58 Cr
Satisfied charges
₹7.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2025 | 101035966 | Yes Bank Limited | ₹4.58 Cr | Open | |
| 04 Dec 2019 | 100311800 | Others | ₹1.35 Cr | Satisfied | |
| 01 Aug 2011 | 10301976 | Bank of Baroda | ₹6.05 Cr | Satisfied |
To see the full charge records of Varad Forge Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Varad Forge Private Limited has 7 court cases on record: 2 filed by Varad Forge, 5 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
2
Filed against the company
5
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Kalyani Steels Ltd., Through Anand Shirsat | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Sunflag Iron and Steel Co. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S Madhur Engineers Pvt. Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Disposed |
To see the full case history of Varad 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 Varad Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varad Forge Private Limited has a workforce of 37 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
37
Active EPFO establishments
1
Employee growth
-32.73%
GST
Varad Forge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV5133F1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varad Forge Private Limited, buy the company report.
Recent activity
Varad Forge Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Sangram Kirtikumar Desai ceased to be Managing Director on 29 Nov 2021.
Charges
A charge registered on 01 Aug 2011 via Charge ID 10301976 with Bank Of Baroda was fully satisfied on 19 Mar 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 458.00 Lakh with Charge ID 101035966 was registered on 10 Jan 2025.
AGM
Varad Forge Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Varad Forge Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Sangram Kirtikumar Desai ceased to be Managing Director.
Charges
A charge registered on 04 Dec 2019 via Charge ID 100311800 with Others was fully satisfied on 07 Jun 2021.
Charges
A charge with Others amounted to Rs. 135.00 Lakh with Charge ID 100311800 was registered on 04 Dec 2019.
Charges
A charge with Bank Of Baroda of Rs. 605.00 Lakh registered on 01 Aug 2011 with Charge ID 10301976 was modified on 18 Jan 2014.
Ceased
Rajesh Ankushrao Tope ceased to be Additional Director.
Appointed
Rajesh Ankushrao Tope was appointed as Director.
Charges
A charge with Bank Of Baroda amounted to Rs. 605.00 Lakh with Charge ID 10301976 was registered on 01 Aug 2011.
Appointed
Sangram Kirtikumar Desai was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Varad Forge is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 06 January 2011 (15+ years old) and is registered under CIN U28110PN2011PTC138205.
Varad Forge has 3 current directors:
- Sangram Kirtikumar Desai - Managing Director
- Varsha Sangram Desai - Director
- Rajesh Ankushrao Tope - Director
The latest financial statements of Varad Forge 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 Varad Forge is 27AADCV5133F1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varad Forge is U28110PN2011PTC138205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varad Forge has 7 court cases on record: 2 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Varad Forge was incorporated on 06 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
Sangram Kirtikumar Desai ceased to be Managing Director on 29 Nov 2021. Rajesh Ankushrao Tope ceased to be Additional Director on 30 Dec 2011. Rajesh Ankushrao Tope was appointed as Director on 08 Aug 2011. Varad Forge has 5 board changes on record in total.
Yes, Varad Forge is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0051049).
Varad Forge can be reached through the website varadforge.com. Its registered office is in Pune, Maharashtra, India.