About Munish Forge Limited
Data last updated:
Munish Forge Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 July 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L28910PB1986PLC006950. Its GSTIN is 03AABCM2155Q1ZE (Punjab). The company holds 3 GST registrations, of which 2 are active. It is a listed company.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.07 Cr. It was formerly known as Gaisu Forge Private Limited and Gaisu Forge Pvt Ltd. It is led by directors including Davinder Kumar Bhasin (Managing Director) and Khushvinder Bir Singh.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village – Gobindgarh Adj. Phase – VII Focal Point, Ludhiana, Punjab, India – 141010.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹182.64 Cr, a growth of 4.1% compared to the previous year. For the same year it recorded a net profit of ₹10.08 Cr (net margin 5.5%) and EBITDA of ₹21.43 Cr (EBITDA margin 11.7%). The net worth stands at ₹126.24 Cr (up 87.5% YoY). Total assets are valued at ₹183.44 Cr (up 43% YoY).
The company has about 393 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Munish Group. As per MCA filings, the company has open charges of ₹84.48 Cr and satisfied charges of ₹82.5 Cr on record. Court records list 25 cases involving the company, including 16 filed by the company and 7 filed against it; 4 cases are pending. The company has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.06 Cr; the latest was in October 2025. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Stork Kaumil Equipments Private Limited with revenue of ₹181.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website munishforge.com.
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- Registered AddressVillage – Gobindgarh Adj. Phase – VII Focal Point, Ludhiana, Punjab, India – 141010
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Munish Forge Limited
The main business activity of Munish Forge is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Munish Forge Limited FY 2025-26 filings available
Munish Forge Limited reported revenue of ₹182.64 Cr (up 4.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 183 | 175 | 160 |
| Revenue growth | +4.1% | +9.7% | - |
| EBITDA | 21.43 | 24.36 | 11.43 |
| EBITDA margin | +11.7% | +13.9% | +7.2% |
| Profit before tax | 12.90 | 19.33 | 5.77 |
| Net profit | 10.08 | 14.31 | 4.23 |
| Net profit margin | +5.5% | +8.2% | +2.7% |
| EPS (₹) | 5.43 | 8.07 | 45.55 |
| Balance sheet | |||
| Total assets | 183 | 128 | 93.08 |
| Net worth | 126 | 67.34 | 40.53 |
| Total debt | 57.20 | 60.97 | 47.34 |
| Cash & bank | 17.41 | 6.23 | 3.20 |
| Net working capital | 122 | 75.48 | 66.41 |
| Cash flow | |||
| Cash from operations | (33.99) | 5.13 | 4.30 |
| Cash from investing | (5.60) | (9.87) | (4.66) |
| Cash from financing | 50.76 | 7.77 | (7.65) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 183 | 175 | 160 | 160 | 125 | 73.57 |
| Revenue growth | +4.1% | +9.7% | -0.1% | +28.6% | +69.3% | - |
| EBITDA | 21.43 | 24.37 | 11.43 | 9.14 | 9.28 | 1.32 |
| EBITDA margin | +11.7% | +13.9% | +7.2% | +5.7% | +7.5% | +1.8% |
| Profit before tax | 12.90 | 19.54 | 5.77 | 2.41 | 1.17 | 0.07 |
| Net profit | 10.54 | 14.46 | 4.39 | 1.96 | 1.42 | 0.17 |
| Net profit margin | +5.8% | +8.2% | +2.8% | +1.2% | +1.1% | +0.2% |
| EPS (₹) | 5.65 | 8.15 | 45.55 | 20.41 | 14.80 | 0.17 |
| Balance sheet | ||||||
| Total assets | 184 | 128 | 93.17 | 91.40 | 98.19 | 82.87 |
| Net worth | 127 | 67.34 | 40.62 | 36.03 | 34.11 | 36.41 |
| Total debt | 57.20 | 60.96 | 47.34 | 50.52 | 59.55 | 46.46 |
| Cash & bank | 17.41 | 6.23 | 1.04 | 9.17 | 3.59 | 3.49 |
| Net working capital | 122 | 75.48 | 66.47 | 67.76 | 73.32 | 54.69 |
| Cash flow | ||||||
| Cash from operations | (33.99) | 5.13 | 4.30 | 19.76 | 5.70 | - |
| Cash from investing | (5.60) | (9.87) | (4.66) | (0.43) | 1.33 | - |
| Cash from financing | 50.76 | 7.77 | (7.65) | (13.64) | (4.99) | - |
| Particulars | Mar 2025 | Dec 2024 |
|---|---|---|
| Revenue | 47.36 | 43.14 |
| Other income | 0.77 | 1.49 |
| Total expenses | 40.31 | 37.04 |
| EBITDA | 7.05 | 6.10 |
| EBITDA margin | +14.9% | +14.1% |
| Depreciation | 1.18 | 0.80 |
| Interest | 1.27 | 1.34 |
| Profit before tax | 5.37 | 5.45 |
| Tax | 1.46 | 1.42 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 183 | 175 | 160 |
| Revenue growth | +4.1% | +9.7% | - |
| Other income | 1.15 | 3.19 | 1.69 |
| Total expenses | 161 | 151 | 148 |
| Employee cost | 0.00 | 12.76 | 9.03 |
| EBITDA | 21.43 | 24.36 | 11.43 |
| EBITDA margin | +11.7% | +13.9% | +7.2% |
| Depreciation | 3.86 | 3.38 | 2.76 |
| Interest | 5.82 | 4.84 | 4.59 |
| Profit before tax | 12.90 | 19.33 | 5.77 |
| Tax | 2.36 | 5.03 | 1.38 |
| Net profit | 10.08 | 14.31 | 4.23 |
| Net profit margin | +5.5% | +8.2% | +2.7% |
| EPS (₹) | 5.43 | 8.07 | 45.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 24.07 | 17.71 | 9.64 |
| Reserves & surplus | 102 | 49.63 | 30.89 |
| Shareholders' funds (net worth) | 126 | 67.34 | 40.53 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 50.29 | 55.72 | 41.00 |
| Unsecured loans | 6.91 | 5.25 | 6.34 |
| Total debt | 57.20 | 60.97 | 47.34 |
| Total liabilities | 183 | 128 | 93.08 |
| Assets | |||
| Gross block | 87.51 | 81.53 | 64.21 |
| Net block | 39.58 | 36.69 | 21.52 |
| Capital work in progress | 0.32 | 0.00 | 4.93 |
| Investments | 12.76 | 11.82 | 0.00 |
| Inventories | 68.38 | 60.26 | 47.99 |
| Sundry debtors | 41.65 | 25.35 | 20.16 |
| Cash & bank balances | 17.41 | 6.23 | 3.20 |
| Loans & advances | 19.86 | 15.43 | 14.17 |
| Total current assets | 147 | 107 | 85.52 |
| Total current liabilities | 24.89 | 31.79 | 19.11 |
| Net working capital | 122 | 75.48 | 66.41 |
| Total assets | 183 | 128 | 93.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 6.23 | 3.20 | 11.22 |
| Net cash from operating activities | (33.99) | 5.13 | 4.30 |
| Net cash from investing activities | (5.60) | (9.87) | (4.66) |
| Net cash from financing activities | 50.76 | 7.77 | (7.65) |
| Net change in cash | 11.18 | 3.03 | (8.01) |
| Closing cash | 17.41 | 6.23 | 3.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +4.1% | +9.7% | - |
| EBITDA growth | -12.0% | +113.1% | - |
| PBT growth | -33.3% | +235.0% | +9997.0% |
| Net income growth | -29.6% | +238.3% | - |
| Profitability & leverage | |||
| Net income margin | +5.8% | +8.2% | +2.8% |
| Return on capital employed | - | +21.8% | +11.1% |
| Return on net worth | - | +26.5% | +10.8% |
| Debt / equity | - | 1.00 | 1.17 |
| Long-term debt / equity | - | 0.17 | 0.15 |
| Interest cover | 33.12 | 23.07 | 52.94 |
| Efficiency & per share | |||
| Fixed asset turnover | - | 2.39 | 2.49 |
| Inventory turnover | - | 3.24 | 3.33 |
| Debtors turnover | - | 7.71 | 7.93 |
| EPS (₹) | 5.43 | 8.07 | 45.55 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 38.05 | 420.51 |
| Particulars | Mar 2025 | Dec 2024 |
|---|---|---|
| Revenue | 47.36 | 43.14 |
| Other income | 0.77 | 1.49 |
| Total expenses | 40.31 | 37.04 |
| EBITDA | 7.05 | 6.10 |
| EBITDA margin | +14.9% | +14.1% |
| Depreciation | 1.18 | 0.80 |
| Interest | 1.27 | 1.34 |
| Profit before tax | 5.37 | 5.45 |
| Tax | 1.46 | 1.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 183 | 175 | 160 | 160 | 125 | 73.57 |
| Revenue growth | +4.1% | +9.7% | -0.1% | +28.6% | +69.3% | - |
| Other income | 1.15 | 3.61 | 1.69 | 1.05 | 0.57 | 6.38 |
| Total expenses | 161 | 151 | 148 | 151 | 115 | 72.25 |
| Employee cost | 0.00 | 0.00 | 9.03 | 8.64 | 9.01 | 12.80 |
| EBITDA | 21.43 | 24.37 | 11.43 | 9.14 | 9.28 | 1.32 |
| EBITDA margin | +11.7% | +13.9% | +7.2% | +5.7% | +7.5% | +1.8% |
| Depreciation | 3.86 | 3.38 | 2.76 | 3.06 | 3.68 | 4.00 |
| Interest | 5.82 | 5.06 | 4.59 | 4.72 | 5.00 | 3.63 |
| Profit before tax | 12.90 | 19.54 | 5.77 | 2.41 | 1.17 | 0.07 |
| Tax | 2.36 | 5.08 | 1.38 | 0.45 | (0.25) | (0.10) |
| Net profit | 10.54 | 14.46 | 4.39 | 1.96 | 1.42 | 0.17 |
| Net profit margin | +5.8% | +8.2% | +2.8% | +1.2% | +1.1% | +0.2% |
| EPS (₹) | 5.65 | 8.15 | 45.55 | 20.41 | 14.80 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 24.07 | 17.71 | 9.64 | 9.64 | 9.64 | 10.54 |
| Reserves & surplus | 103 | 49.63 | 30.98 | 26.39 | 24.47 | 25.87 |
| Shareholders' funds (net worth) | 127 | 67.34 | 40.62 | 36.03 | 34.11 | 36.41 |
| Secured loans | 47.66 | 52.41 | 41.00 | 44.25 | 53.82 | 40.30 |
| Unsecured loans | 9.54 | 8.55 | 6.34 | 6.27 | 5.73 | 6.16 |
| Total debt | 57.20 | 60.96 | 47.34 | 50.52 | 59.55 | 46.46 |
| Total liabilities | 184 | 128 | 93.17 | 91.40 | 98.19 | 82.87 |
| Assets | ||||||
| Gross block | 87.51 | 81.53 | 64.34 | 64.62 | 68.13 | 36.43 |
| Net block | 39.58 | 36.69 | 21.65 | 24.19 | 25.90 | 29.69 |
| Capital work in progress | 0.32 | 0.00 | 4.93 | 0.00 | 0.00 | 0.01 |
| Investments | 13.22 | 11.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 68.38 | 60.26 | 47.99 | 35.69 | 48.60 | 43.41 |
| Sundry debtors | 41.65 | 25.35 | 19.96 | 21.11 | 23.11 | 20.88 |
| Cash & bank balances | 17.41 | 6.23 | 1.04 | 9.17 | 3.59 | 3.49 |
| Loans & advances | 19.86 | 15.43 | 16.59 | 15.77 | 19.13 | 14.80 |
| Total current assets | 147 | 107 | 85.58 | 81.74 | 94.43 | 82.58 |
| Total current liabilities | 24.89 | 31.79 | 19.11 | 13.98 | 21.11 | 27.89 |
| Net working capital | 122 | 75.48 | 66.47 | 67.76 | 73.32 | 54.69 |
| Total assets | 184 | 128 | 93.17 | 91.40 | 98.19 | 82.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 6.23 | 3.20 | 11.22 | 5.53 | 3.49 | - |
| Net cash from operating activities | (33.99) | 5.13 | 4.30 | 19.76 | 5.70 | - |
| Net cash from investing activities | (5.60) | (9.87) | (4.66) | (0.43) | 1.33 | - |
| Net cash from financing activities | 50.76 | 7.77 | (7.65) | (13.64) | (4.99) | - |
| Net change in cash | 11.18 | 3.03 | (8.01) | 5.68 | 2.04 | - |
| Closing cash | 17.41 | 6.23 | 1.04 | 9.17 | 3.59 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +4.1% | +9.7% | -0.1% | +28.6% | +69.3% | - |
| EBITDA growth | -12.1% | +113.2% | +25.1% | -1.5% | +603.0% | - |
| PBT growth | -92.4% | +238.7% | +139.4% | +106.0% | +1571.4% | +9997.0% |
| Net income growth | -27.1% | +229.4% | +124.0% | +38.0% | +735.3% | - |
| Revenue CAGR (3Y) | +4.5% | +12.1% | +29.5% | - | - | - |
| EBITDA CAGR (3Y) | +32.9% | +38.0% | +105.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +5.8% | +8.2% | +2.8% | +1.2% | +1.1% | +0.2% |
| Return on capital employed | - | - | +11.2% | +7.5% | +6.8% | +4.5% |
| Return on net worth | - | - | +11.5% | +5.6% | +4.1% | +0.5% |
| Debt / equity | - | - | 1.28 | 1.57 | 1.50 | 1.28 |
| Long-term debt / equity | - | - | 0.33 | 0.37 | 0.43 | 0.48 |
| Interest cover | 33.12 | 24.11 | 52.94 | 77.63 | 89.29 | -135.45 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | - | 2.48 | 2.41 | 2.38 | 2.02 |
| Inventory turnover | - | - | 3.82 | 3.80 | 2.71 | 1.69 |
| Debtors turnover | - | - | 7.79 | 7.24 | 5.66 | 3.52 |
| EPS (₹) | 5.65 | 8.15 | 45.55 | 20.41 | 14.80 | 0.17 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 0.00 | 421.44 | 373.90 | 353.98 | 36.85 |
Peer Comparison of Munish Forge Limited
Munish Forge Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Munish Forge Limited this company | ₹182.64 Cr (FY 2026) | •••• | •••• | 4.1% | •••• | Ludhiana, Punjab, India |
| Stork Kaumil Equipments Private Limited | ₹181.75 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| Okay Fern Precision Castings Private Limited | ₹181.21 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Nashik, Maharashtra, India |
| Helvoet Rubber & Plastic Technologies (India) Private Limited | ₹180.8 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Pune, Maharashtra, India |
| Sudhir Automotive Industries Private Limited | ₹180.52 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Gardner Denver Engineered Products India Private Limited | ₹180 Cr (FY 2021) | •••• | •••• | 30.0% | •••• | Pune, Maharashtra, India |
| Jal Precision Products Limited | ₹177.74 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Shirur, Maharashtra, India |
| Welspring Universal Private Limited | ₹177.43 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Gardex India Private Limited | ₹176.38 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Jalandhar, Punjab, India |
| Highco Engineers Private Limited | ₹176.37 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Jamshedpur, Jharkhand, India |
| Gemsons Precision Engineering Private Limited | ₹176.05 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Munish Forge by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors and KMP of Munish Forge Limited
Munish Forge Limited currently reports 5 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khushvinder Bir Singh Also directs: Parmeshwari Silk Mills Limited, Up Money Limited | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Priya Begana | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Dev Arjun Bhasin Also directs: Dabs Collection LLP, Munish Defence Solutions Limited, Dev Arjuna Cast and Forge Private Limited and 2 more | Ceo | 15 Mar 2025 | 1 Years 6 Months | Current |
| Davinder Kumar Bhasin Also directs: Dabs Collection LLP, Munish Defence Solutions Limited, Dev Arjuna Cast and Forge Private Limited and 5 more | Managing Director | 25 Jul 1986 | 40 Years 2 Months | Current |
| Vishal Anand Also directs: Munish Defence Solutions Limited, Munish International Private Limited, Dignity Infrastructure Private Limited and 2 more | Director | 27 May 2015 | 11 Years 4 Months | Current |
| Arshdeep Singh Bedi Also directs: Parmeshwari Silk Mills Limited | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
Charges & Borrowings of Munish Forge Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2026 | Others | ₹13 Lakh | Open |
| 07 Jan 2026 | Others | ₹25 Lakh | Open |
| 07 Nov 2025 | Hdfc Bank Limited | ₹55 Lakh | Open |
| 04 Aug 2025 | Axis Bank Limited | ₹20 Lakh | Open |
| 30 Jul 2025 | Axis Bank Limited | ₹1.7 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Munish Forge Limited
Munish Forge Limited has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.06 Cr; the latest was in October 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | IPO | ₹73.92 Cr | Investors: Saint Capital Fund, Strategic Sixth Sense Capital Fund, Next Orbit Ventures Seller: an individual |
| Mar 2025 | Funding round | ₹11.86 Cr | Investors: Dev Arjuna Enterprises Private Limited |
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: an individual |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Munish Promoters Developers Private Limited Seller: Munish International Private Limited |
| Mar 2009 | Funding round | ₹5 Cr | Investors: Munish International Private Limited , 3 individuals |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Munish Forge Limited
Munish Forge Limited has 25 court cases on record: 16 filed by Munish Forge, 7 filed against it, 2 where it is another party. 4 cases are pending and 21 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 6 | 1 |
| High courts | 8 | 1 | 3 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Punjab State Power Corporation Limited | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Emd Scaffolding India Private Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Sethi Industrial Products Private Limited | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed by the company against an individual | Pending |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Munish Forge Limited
Munish Forge operates one associated brand: Munish Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures forged components for scaffolding, earthmoving, truck parts, and defence industries. | munishforge.com |
Employees and EPFO Compliance at Munish Forge Limited
Employment history and EPFO contributions of people linked to Munish Forge.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Munish Forge Limited
Munish Forge has undergone 3 name changes throughout its history. The company was previously known as Gaisu Forge Private Limited, Gaisu Forge Pvt Ltd, and Munish Forge Limited. The current legal name is Munish Forge Limited.
| Company Name | Status |
|---|---|
| Munish Forge Limited | Current |
| Gaisu Forge Private Limited | Previous |
| Gaisu Forge Pvt Ltd | Previous |
CIN History of Munish Forge Limited
Munish Forge has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28910PB1986PLC006950, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28910PB1986PLC006950 | Current |
| U28910PB1986PTC006950 | Previous |
| U28910PB1986PLC006950 | Previous |
News related to Munish Forge Limited
Recent Activity on Munish Forge Limited
Munish Forge Limited has 14 board changes on record since 1986: 6 appointments and 8 cessations. The latest: Davinder Kumar Bhasin ceased to be Director on 16 Mar 2025.
45 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Munish Forge Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Munish Forge Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Munish Forge Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Munish Forge Limited
Munish Forge has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCM2155Q1ZE | Punjab | Active | 01 Jul 2017 |
| 07AABCM2155Q1Z6 | Delhi | Active | 18 Nov 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Munish Forge Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Munish Forge Limited
Munish Forge is an active public limited company based in Ludhiana, Punjab, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 25 July 1986 (40+ years old) and is registered under CIN L28910PB1986PLC006950.
Munish Forge reported revenue of ₹182.64 Cr for FY 2025-26 (up 4.1% YoY) based on consolidated financials.
Munish Forge has 6 current directors and KMP:
- Davinder Kumar Bhasin - Managing Director
- Khushvinder Bir Singh - Director
- Priya Begana - Director
- Vishal Anand - Director
- Arshdeep Singh Bedi - Director
- Dev Arjun Bhasin - Ceo
The GSTIN of Munish Forge is 03AABCM2155Q1ZE, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCM2155Q1Z6 (Delhi).
The CIN (Corporate Identification Number) of Munish Forge is L28910PB1986PLC006950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Munish Forge is a listed company.
Munish Forge has 25 court cases on record: 16 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Munish Forge was incorporated on 25 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chandigarh.
Munish Forge has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.06 Cr; the latest was in October 2025.
The peers of Munish Forge by revenue are Stork Kaumil Equipments Private Limited, Okay Fern Precision Castings Private Limited, Helvoet Rubber & Plastic Technologies (India) Private Limited, Sudhir Automotive Industries Private Limited, Gardner Denver Engineered Products India Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Davinder Kumar Bhasin ceased to be Director on 16 Mar 2025. Dev Arjun Bhasin was appointed as CEO on 15 Mar 2025. Arshdeep Singh Bedi ceased to be Additional Director on 13 Jan 2025. Munish Forge has 14 board changes on record in total.