MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-PB-12-0010789
Market Cap
₹198 Cr
MUNISH-SM · NSE
Share Price
₹82.10
0.00% today
Revenue
₹183 Cr
FY 2025-26 · +4.1% YoY
EBITDA
₹21.43 Cr
Margin 11.7%
Net Profit
₹10.08 Cr
FY 2025-26 · -29.6% YoY
P/E (TTM)
19.6x
P/B 1.6x
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹24.07 Cr
Issued & subscribed
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 as per MCA records. Its shares are listed on NSE: MUNISH.
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 Bhasin (Managing Director) and Vishal Anand.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. 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 ₹91.93 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 9 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.
Munish Forge Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-PB-12-0010789). 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.
Company details
CIN L28910PB1986PLC006950
Registration Number 006950
Incorporation Date 25 July 1986
ROC Chandigarh
Listing Status Listed (NSE: MUNISH)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-PB-12-0010789
Name history
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
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 |
Recognitions & Rankings of Munish Forge
Contact details
Munish Forge Limited's registered office is in Ludhiana, Punjab.
- Registered AddressVillage – Gobindgarh Adj. Phase – VII Focal Point, Ludhiana, Punjab, India – 141010
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
Munish Forge 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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Secure checkout · GST invoice included
Brands
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 |
Business activity
The main business activity of Munish 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 Munish Forge Limited, buy the company report.
Financials of Munish Forge Limited
FY 2025-26 filings availableMunish Forge Limited reported revenue of ₹182.64 Cr (up 4.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹183 Cr
+4.1% YoY
EBITDA
₹21.43 Cr
-12.0% YoY
Profit After Tax
₹10.08 Cr
-29.6% YoY
Net Worth
₹126 Cr
+87.5% YoY
Total Assets
₹183 Cr
+43.0% YoY
Total Debt
₹57.20 Cr
-6.2% YoY
Revenue 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
Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
| 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 |
To see the full year-wise statements and ratios of Munish Forge Limited, buy the company report.
Board of directors of Munish Forge Limited
Munish Forge has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Davinder 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 3 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 5 Months | Current |
| Dev Arjun Bhasin Also directs: Dabs Collection LLP, Munish Defence Solutions Limited, Dev Arjuna Cast and Forge Private Limited and 2 more | Director | 10 Feb 2023 | 3 Years 8 Months | Current |
| Priya Begana | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Khushvinder Bir Singh Also directs: Parmeshwari Silk Mills Limited, Up Money Limited | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Arshdeep Singh Bedi Also directs: Parmeshwari Silk Mills Limited | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
Charges & borrowings
Open charges
₹91.93 Cr
Satisfied charges
₹82.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2026 | 101396264 | Sidbi | ₹7.45 Cr | Open | |
| 26 Mar 2026 | 101285675 | Others | ₹13 Lakh | Open | |
| 07 Jan 2026 | 101237362 | Others | ₹25 Lakh | Open | |
| 07 Nov 2025 | 101189240 | Hdfc Bank Limited | ₹55 Lakh | Open | |
| 04 Aug 2025 | 101147601 | Axis Bank Limited | ₹20 Lakh | Open |
To see the full charge records of Munish Forge Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
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.
Total deals
12
Funding rounds
6
Secondary share transfers
3
Rights issues
2
IPO
1
Disclosed funding
₹26.06 Cr
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 |
To see the full deal history of Munish 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
Munish Forge Limited has 25 court cases on record: 16 filed by Munish Forge, 9 filed against it. 4 cases are pending and 21 are disposed.
Total cases
25
Filed by the company
16
Filed against the company
9
Pending
4
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 6 | 1 |
| High courts | 8 | 3 | 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 and Others | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Eurex Scafform Pvt. Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Ms Sethi Industrial Products Pvt Ltd | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab and Anr | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed by the company against M/S. Space Structure | Pending |
To see the full case history of Munish 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
Munish Forge Limited was last rated by Brickwork on 30 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Aug 2022 |
To see the full credit ratings and regulatory alerts of Munish Forge Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Munish Forge Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Munish Forge has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCM2155Q1ZE | Punjab | Active | 01 Jul 2017 |
| 07AABCM2155Q1Z6 | Delhi | Active | 18 Nov 2019 |
To see the full GST registrations and return filing status of Munish Forge Limited, buy the company report.
Recent activity
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.
Charges
A charge with Axis Bank Limited of Rs. 48.65 Cr registered on 21 Aug 2017 with Charge ID 100139847 was modified on 30 Sep 2026.
Charges
A charge with Sidbi amounted to Rs. 7.45 Cr with Charge ID 101396264 was registered on 03 Sep 2026.
Charges
A charge with Yes Bank Limited of Rs. 33.00 Cr registered on 22 Sep 2022 with Charge ID 100620828 was modified on 10 Aug 2026.
Filing
Munish Forge Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 101285675 was registered on 26 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 101237362 was registered on 07 Jan 2026.
Charges
A charge registered on 16 Jul 2024 via Charge ID 100956375 with Sidbi was fully satisfied on 19 Nov 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.55 Cr with Charge ID 101189240 was registered on 07 Nov 2025.
AGM
Munish Forge Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Charges
A charge registered on 22 Feb 2023 via Charge ID 100681221 with Axis Bank Limited was fully satisfied on 11 Aug 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101147601 was registered on 04 Aug 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.70 Cr with Charge ID 101144045 was registered on 30 Jul 2025.
46 earlier events are in the company report.
Frequently asked questions
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. Listed on NSE: MUNISH.
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:
- Davinder Bhasin - Managing Director
- Vishal Anand - Director
- Dev Arjun Bhasin - Director
- Priya Begana - Director
- Khushvinder Bir Singh - Director
- Arshdeep Singh Bedi - Director
The latest financial statements of Munish Forge on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
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 as per MCA records. Its shares are listed on NSE (symbol: MUNISH).
Munish Forge has 25 court cases on record: 16 filed by the company and 9 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.