MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-01-0015070
Siddhi Forge Pvt Ltd - automotive in Ahmednagar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹155.7 Cr
▲ 8% YoY
Net profit · FY 2024
₹2.06 Cr
Net margin 1.3%
EBITDA · FY 2024
₹15.1 Cr
EBITDA margin 9.7%
Authorised capital
₹2.3 Cr
Registered with MCA
Paid-up capital
₹1.73 Cr
Issued & subscribed
Open charges
₹63.66 Cr
Satisfied ₹18.63 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
206
Provident fund records
About Siddhi Forge Pvt Ltd
Data last updated:
Siddhi Forge Pvt Ltd is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 02 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27310PN1993PTC072671. Its GSTIN is 27AADCS2404G1ZP (Maharashtra).
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹1.73 Cr. It is led by directors including Pramila Karbhari Bhingare and Shrihari Daulatrao Tipugade.
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 Plot.No.L – 3/1.MIDC Industrial Area, Ahmednagar, Maharashtra, India – 414111.
As per the financials filed for FY 2024, the company reported a revenue of ₹155.7 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Cr (net margin 1.3%) and EBITDA of ₹15.1 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 16% over five years.
The company has about 206 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Siddhi Forge. As per MCA filings, the company has open charges of ₹63.66 Cr and satisfied charges of ₹18.63 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 2 cases are pending. The company has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.48 Cr; the latest was in July 2022. Its 6 peer companies in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Sulax Technologies Private Limited with revenue of ₹157.26 Cr.
Siddhi Forge Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-01-0015070). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siddhiforge.com.
Company details
CIN U27310PN1993PTC072671
Registration Number 072671
Incorporation Date 02 July 1993
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 Medium
Udyam Registration UDYAM-MH-01-0015070
CIN history
Siddhi Forge has one previous CIN (Corporate Identification Number): U27310MH1993PTC072671. The current CIN is U27310PN1993PTC072671, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310PN1993PTC072671 | Current |
| U27310MH1993PTC072671 | Previous |
Key People
Pramila Karbhari Bhingare Director Shrihari Daulatrao Tipugade Director Smita Akshay Waghmode Director Recognitions & Rankings of Siddhi Forge
Contact details
Siddhi Forge Pvt Ltd's registered office is in Ahmednagar, Maharashtra. Its website is siddhiforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot.No.L – 3/1.MIDC Industrial Area, Ahmednagar, Maharashtra, India – 414111
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Siddhi Forge Pvt Ltd, buy the company report.
Comprehensive company report
Siddhi Forge Pvt Ltd - 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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Brands
Siddhi Forge operates one associated brand: SIDDHI FORGE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures forging and machined components for automotive and general engineering sectors worldwide. | siddhiforge.com |
Business activity
The main business activity of Siddhi 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 Siddhi Forge Pvt Ltd, buy the company report.
Financials of Siddhi Forge Pvt Ltd
FY 2024 filings availableSiddhi Forge Pvt Ltd reported revenue of ₹155.7 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹155.7 Cr ▲ 8%
Net profit · FY 2024
₹2.06 Cr margin 1.3%
EBITDA · FY 2024
₹15.1 Cr margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 30%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 33%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 8% growth in the latest year. EBITDA rose 20% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹15.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.06 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Siddhi Forge Pvt Ltd, buy the company report.
Board of directors of Siddhi Forge Pvt Ltd
Siddhi Forge has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramila Karbhari Bhingare | Director | 03 Oct 2016 | 10 Years 1 Months | Current |
| Shrihari Daulatrao Tipugade | Director | 02 Jul 2018 | 8 Years 4 Months | Current |
| Smita Akshay Waghmode | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Siddhi Forge Pvt Ltd is compared with the 6 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, 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 |
|---|---|---|---|---|---|---|
| Sulax Technologies Private Limited | ₹157.26 Cr (FY 2025) | 16.0% | Bangalore, Karnataka, India | |||
| Mauryaa Alloys Private Limited | ₹156.92 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India | |||
| Poona Forge Pvt Ltd | ₹155.73 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Siddhi Forge Pvt Ltdthis company | ₹155.7 Cr (FY 2024) | ₹2.06 Cr | 1.3% | 8.0% | 206 | Ahmednagar, Maharashtra, India |
| Sangkaj Auto Components Private Limited | ₹155.32 Cr (FY 2025) | 24.0% | Aurangabad, Maharashtra, India | |||
| Admach Auto Industries India Private Limited | ₹155.17 Cr (FY 2025) | -9.0% | Haryana, India | |||
| Stanzen Engineering Private Limited | ₹154.99 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Siddhi Forge Pvt Ltd, buy the company report.
Auditor
Siddhi Forge Pvt Ltd is audited by H M KALE & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H M KALE & ASSOCIATES | FY 2022 | 119458W |
Shareholding
The shareholding of Siddhi Forge Pvt Ltd 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Siddhi Forge Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹63.66 Cr
Satisfied charges
₹18.63 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2024 | 100958424 | Others | ₹2.56 Cr | Open | |
| 18 Jul 2024 | 100958793 | Others | ₹74 Lakh | Open | |
| 05 Jun 2024 | 100942143 | Others | ₹2.56 Cr | Open | |
| 05 Jun 2024 | 100942144 | Others | ₹74 Lakh | Open | |
| 22 Mar 2024 | 100926937 | Others | ₹10.62 Lakh | Open |
To see the full charge records of Siddhi Forge Pvt Ltd, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Siddhi Forge Pvt Ltd has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.48 Cr; the latest was in July 2022.
Total deals
13
Secondary share transfers
9
Funding rounds
3
Rights issue
1
Disclosed funding
₹1.48 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2020 | Rights issue | ₹17.7 Lakh | Investors: 3 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
To see the full deal history of Siddhi Forge Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Siddhi Forge Pvt Ltd has 9 court cases on record: 6 filed by Siddhi Forge, 3 filed against it. 2 cases are pending and 7 are disposed.
Total cases
9
Filed by the company
6
Filed against the company
3
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp. ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln-IDA) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra and Others and 3 others | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Xlo India Ltd.U-63000Mh1958plc011042 | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S. Xlo India Ltd.U-63000Mh1958plc011042 | Disposed |
To see the full case history of Siddhi Forge Pvt Ltd, 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 Siddhi Forge Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Siddhi Forge Pvt Ltd has a workforce of 206 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
206
Active EPFO establishments
1
Employee growth
4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 206 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Siddhi Forge Pvt Ltd, buy the company report.
GST
Siddhi Forge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS2404G1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siddhi Forge Pvt Ltd, buy the company report.
Recent activity
Siddhi Forge Pvt Ltd has 10 board changes on record since 2016: 3 appointments and 7 cessations. The latest: Smita Akshay Waghmode was appointed as Director on 15 Mar 2022.
Charges
A charge with Others of Rs. 5.50 Cr registered on 26 Feb 2022 with Charge ID 100574865 was modified on 28 Aug 2025.
Charges
A charge with Axis Bank Limited of Rs. 4.99 Cr registered on 16 Feb 2016 with Charge ID 10622747 was modified on 27 Mar 2025.
AGM
Siddhi Forge Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 2.56 Cr with Charge ID 100958424 was registered on 18 Jul 2024.
Charges
A charge with Others amounted to Rs. 0.74 Cr with Charge ID 100958793 was registered on 18 Jul 2024.
Charges
A charge with Others amounted to Rs. 2.56 Cr with Charge ID 100942143 was registered on 05 Jun 2024.
Charges
A charge with Others amounted to Rs. 0.74 Cr with Charge ID 100942144 was registered on 05 Jun 2024.
Filing
Siddhi Forge Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100926937 was registered on 22 Mar 2024.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 100817287 was registered on 03 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.33 Cr with Charge ID 100809394 was registered on 21 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100809395 was registered on 21 Sep 2023.
56 earlier events are in the company report.
Frequently asked questions
Siddhi Forge is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 02 July 1993 (33+ years old) and is registered under CIN U27310PN1993PTC072671.
Siddhi Forge has 3 current directors:
- Pramila Karbhari Bhingare - Director
- Shrihari Daulatrao Tipugade - Director
- Smita Akshay Waghmode - Director
The latest financial statements of Siddhi 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 Siddhi Forge is 27AADCS2404G1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Siddhi Forge is U27310PN1993PTC072671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siddhi Forge has 9 court cases on record: 6 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Siddhi Forge was incorporated on 02 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Pune.
Siddhi Forge has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.48 Cr; the latest was in July 2022.
The peers of Siddhi Forge by revenue are Sulax Technologies Private Limited, Mauryaa Alloys Private Limited, Poona Forge Pvt Ltd, Sangkaj Auto Components Private Limited, Admach Auto Industries India Private Limited and 1 more, all in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products).
Smita Akshay Waghmode was appointed as Director on 15 Mar 2022. Smita Akshay Waghmode ceased to be Director on 23 Sep 2021. Shrihari Daulatrao Tipugade ceased to be Additional Director on 28 Sep 2018. Siddhi Forge has 10 board changes on record in total.
Yes, Siddhi Forge is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-01-0015070).
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