MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0017385
Varsha Forgings Private Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹84.37 Cr
▼ 29% YoY
Net profit · FY 2025
₹85.9 Lakh
Net margin 1%
EBITDA · FY 2025
₹3.08 Cr
EBITDA margin 3.7%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹61.88 Lakh
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹45.71 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
182
Provident fund records
About Varsha Forgings Private Limited
Data last updated:
Varsha Forgings 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 26 August 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28910PN1988PTC048629. Its GSTIN is 27AAACV9485B1Z4 (Maharashtra).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹61.88 Lakh. It was formerly known as Varsha Forgings Ltd. It is led by directors including Piyush Jinendrakumar Munot (Managing Director) and Yash Jinendrakumar Munot.
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 Gat No. 161 Markal Off Alandi Markal Road Tal Ked, Pune, Maharashtra, India – 415105.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.37 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹85.9 Lakh (net margin 1%) and EBITDA of ₹3.08 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
The company has about 182 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹45.71 Cr on record. Court records list 13 cases involving the company, including 3 filed by the company and 10 filed against it; 2 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in April 2018. Its 8 peer companies in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Atv Precision Components Private Limited with revenue of ₹85.02 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 36 overdue payments to 35 micro and small suppliers.
Varsha Forgings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0017385). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varshaforgings.com.
Company details
CIN U28910PN1988PTC048629
Registration Number 048629
Incorporation Date 26 August 1988
ROC Pune
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0017385
Name history
Varsha Forgings has undergone 2 name changes throughout its history. The company was previously known as Varsha Forgings Private Limited, and Varsha Forgings Ltd. The current legal name is Varsha Forgings Private Limited.
| Company Name | Status |
|---|---|
| Varsha Forgings Private Limited | Current |
| Varsha Forgings Ltd | Previous |
CIN history
Varsha Forgings has one previous CIN (Corporate Identification Number): U28910PN1988PLC048629. The current CIN is U28910PN1988PTC048629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910PN1988PTC048629 | Current |
| U28910PN1988PLC048629 | Previous |
Key People
Piyush Jinendrakumar Munot Managing Director Yash Jinendrakumar Munot Director Jinendra Hirachand Munot Director Recognitions & Rankings of Varsha Forgings
Contact details
Varsha Forgings Private Limited's registered office is in Pune, Maharashtra. Its website is varshaforgings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No. 161 Markal Off Alandi Markal Road Tal Ked, Pune, Maharashtra, India – 415105
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Varsha Forgings Private Limited, buy the company report.
Comprehensive company report
Varsha Forgings 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 Varsha Forgings 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 Varsha Forgings Private Limited, buy the company report.
Financials of Varsha Forgings Private Limited
FY 2025 filings availableVarsha Forgings Private Limited reported revenue of ₹84.37 Cr (down 29% YoY) for FY 2025.
Revenue · FY 2025
₹84.37 Cr ▼ 29%
Net profit · FY 2025
₹85.9 Lakh margin 1%
EBITDA · FY 2025
₹3.08 Cr margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 3%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 15%
5 years · compounded
▼ 8%
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 11% 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 | ₹3.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85.9 Lakh | ||||
| 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 | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 1% | ||||
| 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 Varsha Forgings Private Limited, buy the company report.
Board of directors of Varsha Forgings Private Limited
Varsha Forgings has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Jinendrakumar Munot Also directs: Prima - Feintechnik LLP, M Park LLP, KCTR Varsha Automotive Private Limited and 3 more | Director | 06 Jan 2020 | 6 Years 10 Months | Current |
| Piyush Jinendrakumar Munot Also directs: Prima - Feintechnik LLP, M Park LLP, KCTR Varsha Automotive Private Limited and 3 more | Managing Director | 01 Jul 2005 | 21 Years 4 Months | Current |
| Jinendra Hirachand Munot | Director | 06 Jan 2020 | 6 Years 10 Months | Current |
| Pravin Kantilal Newade Also directs: PRG Spectra Diamond Tools Private Limited | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Fazal Ilahi Khan | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Varsha Forgings Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Foundry and Fabrication, 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 |
|---|---|---|---|---|---|---|
| Atv Precision Components Private Limited | ₹85.02 Cr (FY 2024) | 2.0% | Maraimalai Nagar, Tamil Nadu, India | |||
| S.K.H. Automotive Private Limited | ₹84.9 Cr (FY 2024) | 17.0% | Faridabad, Haryana, India | |||
| Marvelous Engineers Private Limited | ₹84.67 Cr (FY 2025) | -5.0% | Kolhapur, Maharashtra, India | |||
| Varsha Forgings Private Limitedthis company | ₹84.37 Cr (FY 2025) | ₹85.9 Lakh | 1% | -29.0% | Pune, Maharashtra, India | |
| Vishnu Forge Industries Limited | ₹84.36 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Krishanveer Forge Limited | ₹83.76 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| Prayosha Stainless Private Limited | ₹83.6 Cr (FY 2023) | 13.0% | Mehsana, Gujarat, India | |||
| Panesar Agriculture Works Private Limited | ₹83.26 Cr (FY 2024) | 4.0% | Ludhiana, Punjab, India | |||
| Mka Engineers and Exporters Private Limited | ₹83.25 Cr (FY 2025) | 42.0% | Thane, Maharashtra, India |
To see the full peer comparison of Varsha Forgings Private Limited, buy the company report.
Auditor
Varsha Forgings Private Limited is audited by LOYA & MUNDADA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LOYA & MUNDADA | FY 2023 | 132811W |
Shareholding
The shareholding of Varsha Forgings 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 Varsha Forgings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹45.71 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2025 | 101040864 | Hdfc Bank Limited | ₹14 Cr | Open | |
| 31 Jul 2021 | 100468152 | Axis Bank Limited | ₹6 Cr | Open | |
| 27 Dec 2018 | 100237445 | Hdfc Bank Limited | ₹18.6 Cr | Satisfied | |
| 16 Mar 2012 | 10346952 | Axis Bank Limited | ₹12.6 Cr | Satisfied | |
| 25 Aug 2010 | 10242594 | Citi Bank N.A. | ₹3 Cr | Satisfied |
To see the full charge records of Varsha Forgings Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Varsha Forgings Private Limited has 4 deals on record (4 secondary share transfers); the latest was in April 2018.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Jinendra Hirachand Munot Huf, an individual Seller: 4 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Piyush Jinendra Munot Huf, Yash Jinendra Munot Huf, 2 individuals Seller: Prima - Feintechnik LLP |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Prima - Feintechnik LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varsha Forgings Private Limited has 13 court cases on record: 3 filed by Varsha Forgings, 10 filed against it. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
3
Filed against the company
10
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 9 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Jytra Technology Solutions Pvt Ltd Etc | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by Jytra Technology Solutions Pvt Ltd Etc and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by M/S B D Impex Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S B D Impex Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S B D Impex Pvt Ltd | Disposed |
To see the full case history of Varsha Forgings 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
Varsha Forgings Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 36 overdue payments to 35 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 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ellora Gases Private Limited | |||
| an individual supplier | |||
| Supreme Induction | |||
| Sai Solutions |
To see the full MSME payment records of Varsha Forgings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Varsha Forgings has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV9485B1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varsha Forgings Private Limited, buy the company report.
Recent activity
Varsha Forgings Private Limited has 17 board changes on record since 2005: 11 appointments and 6 cessations. The latest: Fazal Ilahi Khan was appointed as Director on 21 Nov 2024.
AGM
Varsha Forgings Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Varsha Forgings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.00 Cr with Charge ID 101040864 was registered on 06 Jan 2025.
Appointed
Fazal Ilahi Khan was appointed as Director.
Appointed
Pravin Kantilal Newade was appointed as Director.
Ceased
Sanjeev Pandurang Supsande ceased to be Director.
Ceased
Raju Moti Admane ceased to be Director.
Charges
A charge registered on 16 Mar 2012 via Charge ID 10346952 with Axis Bank Limited was fully satisfied on 01 Nov 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 6.00 Cr with Charge ID 100468152 was registered on 31 Jul 2021.
Charges
A charge registered on 27 Dec 2018 via Charge ID 100237445 with Hdfc Bank Limited was fully satisfied on 21 May 2021.
Appointed
Sanjeev Pandurang Supsande was appointed as Director.
Ceased
Radheshyam Ramashish Sharma ceased to be Director.
31 earlier events are in the company report.
Frequently asked questions
Varsha Forgings 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 26 August 1988 (38+ years old) and is registered under CIN U28910PN1988PTC048629.
Varsha Forgings has 5 current directors:
- Piyush Jinendrakumar Munot - Managing Director
- Yash Jinendrakumar Munot - Director
- Jinendra Hirachand Munot - Director
- Pravin Kantilal Newade - Director
- Fazal Ilahi Khan - Director
The latest financial statements of Varsha Forgings 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 Varsha Forgings is 27AAACV9485B1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varsha Forgings is U28910PN1988PTC048629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varsha Forgings has 13 court cases on record: 3 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Varsha Forgings was incorporated on 26 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Pune.
Varsha Forgings has 4 deals on record (4 secondary share transfers); the latest was in April 2018.
The peers of Varsha Forgings by revenue are Atv Precision Components Private Limited, S.K.H. Automotive Private Limited, Marvelous Engineers Private Limited, Vishnu Forge Industries Limited, Krishanveer Forge Limited and 3 more, all in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), with the same principal business activity (metal and metal products).
Fazal Ilahi Khan was appointed as Director on 21 Nov 2024. Pravin Kantilal Newade was appointed as Director on 21 Nov 2024. Sanjeev Pandurang Supsande ceased to be Director on 21 Nov 2024. Varsha Forgings has 17 board changes on record in total.
Yes, Varsha Forgings is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0017385).
Varsha Forgings has 4 MSME Form 1 returns on record between 2019 and 2020, listing 36 overdue payments to 35 micro and small suppliers. The latest return was filed on 20 Jun 2020.
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