About Squad Forging India Private Limited
Data last updated: 03 January 2026
Squad Forging India Private Limited is a private limited company based in Belgaum, Karnataka, India. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 19 January 2011, the company has been in operation for over 15 years.
Registered with ROC Bangalore under CIN U28910KA2011PTC056681.
Capital: an authorised share capital of ₹167.47 Cr and a paid-up capital of ₹167.42 Cr. Formerly known as Setforge Quest Forging India Private Limited. It is led by directors including Bruno Guy Marie Durand and Mohan Shivamurthy Durvigere.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: Aequs Sez No. 437/A Hattargi Village Hukkeri Taluk, Belgaum, Karnataka, India – 591243.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.28 Cr, a growth of 38% compared to the previous year.
The company has a workforce of approximately 104 employees as per the latest available data.
The company is associated with 1 brand - Aequs. As per MCA filings, the company has open charges of ₹41.87 Cr and satisfied charges of ₹53.94 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website squadforge.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressAequs Sez No. 437/A Hattargi Village Hukkeri Taluk, Belgaum, Karnataka, India – 591243
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IndustryEngineering, Metal Foundry & Fabrication Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Squad Forging India Private Limited
Squad Forging India Private Limited operates one associated brand: Aequs. These brands represent Squad Forging India Private Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Squad Forging India Private Limited
Brands and companies operating in the same space as Squad Forging India Private Limited include Precision Aerospace Group.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Precision Aerospace Group
|
Aerospace and government contracting services are provided by the group. | Aventura, United States, United States | 1945 |
Business Activity of Squad Forging India Private Limited
Squad Forging India Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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 | ********* |
Auditor Details of Squad Forging India Private Limited
Squad Forging India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | blur-value | blur-value | blur-value |
Board of Directors of Squad Forging India Private Limited
Squad Forging India Private Limited is currently managed by 9 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bruno Guy Marie Durand | Nominee Director | 01 Mar 2024 | 2 Years 4 Months | Current |
| Mohan Shivamurthy Durvigere | Ceo | 27 Sep 2021 | 4 Years 9 Months | Current |
|
Rajeev Kaul
Also directs:
Aequs Limited, Aequs Cookware Private Limited, Aerospace Processing India Private Limited and 1 more
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Nominee Director | 19 Jan 2011 | 15 Years 5 Months | Current |
|
Xavier Pierron
Also directs:
Aubert& Duval Engineering India Private Limited
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Nominee Director | 30 Jun 2020 | 6 Years 0 Months | Current |
| Mohamed Bouzidi | Nominee Director | 02 Jul 2020 | 6 Years 0 Months | Current |
| Pierre Francis A Rega | Nominee Director | 19 May 2025 | 1 Years 1 Months | Current |
Financials of Squad Forging India Private Limited FY 2025 filings available
Squad Forging India Private Limited reported revenue of ₹86.28 Cr (up 38% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
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| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
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| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
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| Inventory Days | ***** | ***** | ***** | ***** | ***** |
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Squad Forging India Private Limited
As of FY 2023, Squad Forging India Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Squad Forging India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2018 | Hdfc Bank Limited | ₹41.87 Cr | Open |
| 11 Apr 2014 | Export-Import Bank of India | ₹15.44 Cr | Satisfied |
| 13 Sep 2012 | Export-Import Bank of India | ₹38.5 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Squad Forging India Private Limited
Squad Forging India Private Limited has a workforce of 104 employees as of Apr 05, 2024.
Employee Count & EPFO Data of Squad Forging India Private Limited
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GST Compliance of Squad Forging India Private Limited
GSTIN & GST Filing Data of Squad Forging India Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Squad Forging India Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Squad Forging India Private Limited
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MSME Payment Delays by Squad Forging India Private Limited
MSME Payment Delays by Squad Forging India Private Limited
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Subsidiaries & Group Companies of Squad Forging India Private Limited
Subsidiaries & Group Companies of Squad Forging India Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Squad Forging India Private Limited with ownership details.
MCA Filings & Documents of Squad Forging India Private Limited
MCA Filings & Documents of Squad Forging India Private Limited
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Recent Activity on Squad Forging India Private Limited
Frequently Asked Questions about Squad Forging India Private Limited
Squad Forging India Private Limited is an active private limited company in the engineering sector based in Belgaum, Karnataka, India. It was incorporated on 19 January 2011 (15+ years old) and is registered under CIN U28910KA2011PTC056681. The company has 104 employees.
Squad Forging India Private Limited reported revenue of ₹86.28 Cr for FY 2025 (up 38.00% YoY).
The current directors of Squad Forging India Private Limited are:
- Bruno Guy Marie Durand
- Sahil Keshav Moghe
- Mohan Shivamurthy Durvigere
- Durvigere Shivamurthy Mohan
- Rajeev Kaul
- Xavier Pierron
- Mohamed Bouzidi
- Pierre Francis A Rega
- Etienne Francois Marie Galan
The primary industry of Squad Forging India Private Limited is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.
Squad Forging India Private Limited can be reached at the registered office: Aequs Sez No. 437A Hattargi Village Hukkeri Taluk, Belgaum, Karnataka, India – 591243, or through the website squadforge.com.
The authorised capital is ₹167.47 Cr, and the paid-up capital is ₹167.42 Cr.