MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0074441
Vatsal Forge Private Limited
Vatsal Forge Private Limited - metals and minerals in Shirur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.66 Cr
▼ 18% YoY
Net profit · FY 2025
₹20.21 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹43.89 Lakh
EBITDA margin 5.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.68 Cr
Issued & subscribed
Open charges
₹75 Lakh
Satisfied ₹1.5 Cr
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Vatsal Forge Private Limited
Data last updated:
Vatsal Forge Private Limited is a private limited company based in Shirur, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 23 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27109PN2006PTC234861. Its GSTIN is 27AACCV3033H1ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.68 Cr. It is led by directors Shiv Chhawchharia (Whole-Time Director) and Shyam Chhawchharia.
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 Ground Gat No.156 Plot No.4B, B U Bhandari Industrial Estate Tal Shirur, Maharashtra, India – 412208.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.66 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹20.21 Lakh (net margin 2.3%) and EBITDA of ₹43.89 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹75 Lakh and satisfied charges of ₹1.5 Cr on record.
Vatsal Forge Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0074441). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27109PN2006PTC234861
Registration Number 234861
Incorporation Date 23 August 2006
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 Small
Udyam Registration UDYAM-MH-26-0074441
CIN history
Vatsal Forge has one previous CIN (Corporate Identification Number): U27109WB2006PTC111277. The current CIN is U27109PN2006PTC234861, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109PN2006PTC234861 | Current |
| U27109WB2006PTC111277 | Previous |
Recognitions & Rankings of Vatsal Forge
Contact details
Vatsal Forge Private Limited's registered office is in Shirur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGround Gat No.156 Plot No.4B, B U Bhandari Industrial Estate Tal Shirur, Maharashtra, India – 412208
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Vatsal Forge Private Limited, buy the company report.
Comprehensive company report
Vatsal 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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Secure checkout · GST invoice included
Business activity
The main business activity of Vatsal 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 Vatsal Forge Private Limited, buy the company report.
Financials of Vatsal Forge Private Limited
FY 2024 filings availableVatsal Forge Private Limited reported revenue of ₹8.66 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹8.66 Cr ▼ 18%
Net profit · FY 2025
₹20.21 Lakh margin 2.3%
EBITDA · FY 2025
₹43.89 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 7%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 18%
5 years · compounded
▼ 9%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 49% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹43.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.21 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Vatsal Forge Private Limited, buy the company report.
Board of directors of Vatsal Forge Private Limited
Vatsal Forge has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Chhawchharia Also directs: Om Technologies Private Limited, Sona Financial Services Pvt.Ltd. | Whole-Time Director | 23 Aug 2006 | 20 Years 2 Months | Current |
| Shyam Chhawchharia | Director | 28 Aug 2006 | 20 Years 2 Months | Current |
Peer comparison
Vatsal Forge Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (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 |
|---|---|---|---|---|---|---|
| Wironix Steel Private Limited | ₹8.7 Cr (FY 2025) | 24.0% | Ahmedabad, Gujarat, India | |||
| BMR Overseas Limited | ₹8.68 Cr (FY 2021) | -81.0% | Delhi, India | |||
| Honest Alloys Private Limited | ₹8.68 Cr (FY 2024) | 114139.0% | Ranasan, Gujarat, India | |||
| Vatsal Forge Private Limitedthis company | ₹8.66 Cr (FY 2025) | ₹20.21 Lakh | 2.3% | -18.0% | Shirur, Maharashtra, India | |
| K.C. Ferro & Rerolling Mills Private Limited | ₹8.64 Cr (FY 2022) | 60.0% | Thane, Maharashtra, India |
To see the full peer comparison of Vatsal Forge Private Limited, buy the company report.
Auditor
Vatsal Forge Private Limited is audited by ASHOK KEDIA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK KEDIA & COMPANY | FY 2023 | 323330E |
Shareholding
The shareholding of Vatsal 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vatsal Forge Private Limited, buy the company report.
Charges & borrowings
Open charges
₹75 Lakh
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2015 | 10550629 | Kotak Mahindra Bank Limited | ₹75 Lakh | Satisfied | |
| 16 Oct 2007 | 10073786 | Oriental Bank of Commerce | ₹75 Lakh | Satisfied |
To see the full charge records of Vatsal Forge Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Vatsal Forge Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vatsal Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vatsal Forge has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Vatsal Forge has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV3033H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vatsal Forge Private Limited, buy the company report.
Recent activity
Vatsal Forge Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Om Prakash Chhawchharia ceased to be Director on 10 Mar 2022.
Charges
A charge registered on 24 Feb 2015 via Charge ID 10550629 with Kotak Mahindra Bank Limited was fully satisfied on 24 Mar 2025.
AGM
Vatsal Forge Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vatsal Forge Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge registered on 16 Oct 2007 via Charge ID 10073786 with Oriental Bank Of Commerce was fully satisfied on 20 May 2022.
Ceased
Om Prakash Chhawchharia ceased to be Director.
Ceased
Shiv Chhawchharia ceased to be Director.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 0.75 Cr with Charge ID 10550629 was registered on 24 Feb 2015.
Charges
A charge with Oriental Bank Of Commerce of Rs. 0.75 Cr registered on 16 Oct 2007 with Charge ID 10073786 was modified on 03 May 2012.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 0.75 Cr with Charge ID 10073786 was registered on 16 Oct 2007.
Appointed
Shyam Chhawchharia was appointed as Director.
Appointed
Shiv Chhawchharia was appointed as Whole-Time Director.
Incorporation
23 Aug 2006
Vatsal Forge Private Limited was registered on 23 Aug 2006 with Roc Pune & aged 20 years 2 months as per MCA records.
Frequently asked questions
Vatsal Forge is an active private limited company based in Shirur, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 23 August 2006 (20+ years old) and is registered under CIN U27109PN2006PTC234861.
Vatsal Forge has 2 current directors:
- Shiv Chhawchharia - Whole-Time Director
- Shyam Chhawchharia - Director
The latest financial statements of Vatsal 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 Vatsal Forge is 27AACCV3033H1ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vatsal Forge is U27109PN2006PTC234861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vatsal Forge was incorporated on 23 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Vatsal Forge by revenue are Wironix Steel Private Limited, BMR Overseas Limited, Honest Alloys Private Limited, K.C. Ferro & Rerolling Mills Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Om Prakash Chhawchharia ceased to be Director on 10 Mar 2022. Shiv Chhawchharia ceased to be Director on 01 Apr 2017. Shyam Chhawchharia was appointed as Director on 28 Aug 2006. Vatsal Forge has 4 board changes on record in total.
Yes, Vatsal Forge is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0074441).
The registered office of Vatsal Forge is at Ground Gat No.156 Plot No.4B, B U Bhandari Industrial Estate Tal Shirur, Maharashtra, India – 412208.
Vatsal Forge operates in the metals and minerals industry, in the steel manufacturing and processing segment.