MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-10-0032053
Proxima Steel Forge Private Limited - machinery and equipment in Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹197.74 Cr
▲ 36% YoY
Net profit · FY 2025
₹3.79 Cr
Net margin 1.9%
EBITDA · FY 2025
₹17.52 Cr
EBITDA margin 8.9%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.2 Cr
Issued & subscribed
Open charges
₹94.93 Cr
Satisfied ₹10.25 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
647
Provident fund records
About Proxima Steel Forge Private Limited
Data last updated:
Proxima Steel Forge Private Limited is a private limited company based in Punjab, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 24 November 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27320PB1992PTC012759. Its GSTIN is 03AAACP8010C1Z7 (Punjab).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors including Sudershan Kumar Sharma (Managing Director) and Rishi Raj Sharma (Whole-Time Director).
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 B 15 Industrialfocal Point Phase II Jalandhar, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹197.74 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹3.79 Cr (net margin 1.9%) and EBITDA of ₹17.52 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 29% over five years.
The company has about 647 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹94.93 Cr and satisfied charges of ₹10.25 Cr on record. Court records list 12 cases involving the company, including 4 filed by the company and 8 filed against it; 1 case is pending.
Proxima Steel Forge Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0032053). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proximasteel.com.
Company details
CIN U27320PB1992PTC012759
Registration Number 012759
Incorporation Date 24 November 1992
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-10-0032053
Key People
Sudershan Kumar Sharma Managing Director Rishi Raj Sharma Whole-Time Director Gulshan Sharma Director Recognitions & Rankings of Proxima Steel Forge
Contact details
Proxima Steel Forge Private Limited's registered office is in Punjab. Its website is proximasteel.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB 15 Industrialfocal Point Phase II Jalandhar, Punjab, India
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Proxima Steel Forge Private Limited, buy the company report.
Comprehensive company report
Proxima Steel 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 Proxima Steel 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 Proxima Steel Forge Private Limited, buy the company report.
Financials of Proxima Steel Forge Private Limited
FY 2025 filings availableProxima Steel Forge Private Limited reported revenue of ₹197.74 Cr (up 36% YoY) for FY 2025.
Revenue · FY 2025
₹197.74 Cr ▲ 36%
Net profit · FY 2025
₹3.79 Cr margin 1.9%
EBITDA · FY 2025
₹17.52 Cr margin 8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 1%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 9%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 36% growth in the latest year. EBITDA rose 36% 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 | ₹17.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.79 Cr | ||||
| 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 | 8.9% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 Proxima Steel Forge Private Limited, buy the company report.
Board of directors of Proxima Steel Forge Private Limited
Proxima Steel Forge has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudershan Kumar Sharma | Managing Director | 28 Feb 2011 | 15 Years 8 Months | Current |
| Rishi Raj Sharma Also directs: H. R. Tools Private Limited, Proxima Strategic Sourcing Private Limited, Proxima Care Foundation and 2 more | Whole-Time Director | 09 Mar 2011 | 15 Years 7 Months | Current |
| Gulshan Sharma Also directs: H. R. Tools Private Limited | Director | 22 Aug 2024 | 2 Years 2 Months | Current |
| Nancy Sharma | Director | 22 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Proxima Steel Forge Private Limited is compared with the 9 companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools, Steel), 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 |
|---|---|---|---|---|---|---|
| Baosteel India Company Private Limited | ₹199.02 Cr (FY 2025) | -36.0% | Mumbai, Maharashtra, India | |||
| SRV Steels Private Limited | ₹198.47 Cr (FY 2025) | -36.0% | Ludhiana, Punjab, India | |||
| T K Steel Rolling Mills Private Limited | ₹197.89 Cr (FY 2025) | 11.0% | Ludhiana, Punjab, India | |||
| G.D. Metsteel Private Limited | ₹197.84 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India | |||
| Avdesh Steel Works Private Limited | ₹197.83 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Proxima Steel Forge Private Limitedthis company | ₹197.74 Cr (FY 2025) | ₹3.79 Cr | 1.9% | 36.0% | 647 | Punjab, India |
| Hira Steels Limited | ₹195.71 Cr (FY 2025) | -37.0% | Chhattisgarh, India | |||
| Mankasia Steel Private Limited | ₹195.65 Cr (FY 2025) | -6.0% | Howrah, West Bengal, India | |||
| U P Bone Mills Private Limited | ₹195.6 Cr (FY 2023) | 46.0% | Delhi, India | |||
| Shree Shyamsunder Alloys Private Limited | ₹195.12 Cr (FY 2025) | 7.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Proxima Steel Forge Private Limited, buy the company report.
Auditor
Proxima Steel Forge Private Limited is audited by SAREEN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAREEN & CO. | FY 2023 | 0002291N |
Shareholding
The shareholding of Proxima Steel 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 Proxima Steel Forge Private Limited, buy the company report.
Charges & borrowings
Open charges
₹94.93 Cr
Satisfied charges
₹10.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2025 | 101205561 | Sidbi | ₹1 Cr | Open | |
| 24 Oct 2025 | 101191775 | Sidbi | ₹2 Cr | Open | |
| 24 Oct 2025 | 101191772 | Sidbi | ₹1.99 Cr | Open | |
| 19 Nov 2024 | 101013554 | Sidbi | ₹6 Cr | Open | |
| 31 May 2024 | 100932745 | Hdfc Bank Limited | ₹2.56 Cr | Open |
To see the full charge records of Proxima Steel Forge Private Limited, buy the company report.
Total charge records: 40 View all charges
Legal cases
Proxima Steel Forge Private Limited has 12 court cases on record: 4 filed by Proxima Steel Forge, 8 filed against it. 1 case is pending and 11 are disposed.
Total cases
12
Filed by the company
4
Filed against the company
8
Pending
1
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 1 |
| District courts | 4 | 4 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Oaykay Forgings Private Limited | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Union of India and Others and 5 others | Pending |
| Supreme Court | Court case (0427-Indirect Taxes Matters : Import/Export Policy) | Filed against the company by Union of India . THR the Secretary THR the Secretary Commerce New Delhi , District: Delhi , , Delhi and 2 others | Disposed |
| Supreme Court | Court case (0427-Indirect Taxes Matters : Import/Export Policy) | Filed against the company by Union of India | Disposed |
| High Court, CHANDIGARH (UT) | Appeal | Filed against the company by Union of India & Ors | Disposed |
To see the full case history of Proxima Steel 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.
Credit ratings & regulatory alerts
Proxima Steel Forge Private Limited was last rated by Crisil on 19 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Aug 2020 |
To see the full credit ratings and regulatory alerts of Proxima Steel Forge Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Proxima Steel Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Proxima Steel Forge Private Limited has a workforce of 647 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
647
Active EPFO establishments
1
Employee growth
4.86%
GST
Proxima Steel Forge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACP8010C1Z7 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Proxima Steel Forge Private Limited, buy the company report.
Recent activity
Proxima Steel Forge Private Limited has 24 board changes on record since 1992: 14 appointments and 10 cessations. The latest: Gulshan Sharma was appointed as Director on 22 Aug 2024.
Charges
A charge registered on 30 Aug 2022 via Charge ID 100650957 with Hdfc Bank Limited was fully satisfied on 05 Jan 2026.
Charges
A charge with State Bank Of India of Rs. 48.89 Cr registered on 13 Jan 2006 with Charge ID 80055965 was modified on 10 Dec 2025.
Charges
A charge with Sidbi amounted to Rs. 1.00 Cr with Charge ID 101205561 was registered on 02 Dec 2025.
Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 101191775 was registered on 24 Oct 2025.
Charges
A charge with Sidbi amounted to Rs. 1.99 Cr with Charge ID 101191772 was registered on 24 Oct 2025.
AGM
Proxima Steel Forge Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Proxima Steel Forge Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Sidbi amounted to Rs. 6.00 Cr with Charge ID 101013554 was registered on 19 Nov 2024.
Appointed
Gulshan Sharma was appointed as Director.
Appointed
Nancy Sharma was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.56 Cr with Charge ID 100932745 was registered on 31 May 2024.
Charges
A charge registered on 24 May 2021 via Charge ID 100458768 with Hdfc Bank Limited was fully satisfied on 07 May 2024.
77 earlier events are in the company report.
Frequently asked questions
Proxima Steel Forge is an active private limited company based in Punjab, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 24 November 1992 (34+ years old) and is registered under CIN U27320PB1992PTC012759.
Proxima Steel Forge has 4 current directors:
- Sudershan Kumar Sharma - Managing Director
- Rishi Raj Sharma - Whole-Time Director
- Gulshan Sharma - Director
- Nancy Sharma - Director
The latest financial statements of Proxima Steel Forge 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 Proxima Steel Forge is 03AAACP8010C1Z7, registered in Punjab.
The CIN (Corporate Identification Number) of Proxima Steel Forge is U27320PB1992PTC012759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proxima Steel Forge has 12 court cases on record: 4 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Proxima Steel Forge was incorporated on 24 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Proxima Steel Forge by revenue are Baosteel India Company Private Limited, SRV Steels Private Limited, T K Steel Rolling Mills Private Limited, G.D. Metsteel Private Limited, Avdesh Steel Works Private Limited and 4 more, all in the Machinery and Equipment industry (Machine Tools, Steel), with the same principal business activity (metal and metal products).
Gulshan Sharma was appointed as Director on 22 Aug 2024. Nancy Sharma was appointed as Director on 22 Aug 2024. Naresh Kumar Sharma ceased to be Director on 30 Sep 2021. Proxima Steel Forge has 24 board changes on record in total.
Yes, Proxima Steel Forge is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-10-0032053).
Proxima Steel Forge can be reached through the website proximasteel.com. Its registered office is in Punjab, India.
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