MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0006487
Veltech Forging Private Limited - machinery and equipment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.7 Cr
▲ 5% YoY
Net profit · FY 2025
₹27.5 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹3.29 Cr
EBITDA margin 7%
Authorised capital
₹8.5 Cr
Registered with MCA
Paid-up capital
₹6 Cr
Issued & subscribed
Open charges
₹9.63 Cr
Satisfied ₹21.12 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
13
Provident fund records
About Veltech Forging Private Limited
Data last updated:
Veltech Forging Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 07 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1994PTC079501. Its GSTIN is 27AABCV0141M1ZD (Maharashtra).
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹6 Cr. It was formerly known as Veltech Forging Limited. It is led by directors including Bhavesh Viralal Panchal (Managing Director) and Hina Bhavesh Panchal.
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 Plot No H – 39 & H – 40 Additional MIDC Area Kudavli MIDC Murbad, Thane, Maharashtra, India – 421401.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.7 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹27.5 Lakh (net margin 0.6%) and EBITDA of ₹3.29 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Veltech Forging Private Limited. As per MCA filings, the company has open charges of ₹9.63 Cr and satisfied charges of ₹21.12 Cr on record.
Veltech Forging Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0006487). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veltechfpl.com.
Company details
CIN U27200MH1994PTC079501
Registration Number 079501
Incorporation Date 07 July 1994
ROC Mumbai
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-MH-33-0006487
Name history
Veltech Forging has undergone 2 name changes throughout its history. The company was previously known as Veltech Forging Private Limited, and Veltech Forging Limited. The current legal name is Veltech Forging Private Limited.
| Company Name | Status |
|---|---|
| Veltech Forging Private Limited | Current |
| Veltech Forging Limited | Previous |
CIN history
Veltech Forging has one previous CIN (Corporate Identification Number): U27200MH1994PLC079501. The current CIN is U27200MH1994PTC079501, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1994PTC079501 | Current |
| U27200MH1994PLC079501 | Previous |
Key People
Bhavesh Viralal Panchal Managing Director Hina Bhavesh Panchal Director Shardaben Virabhai Panchal Director Recognitions & Rankings of Veltech Forging
Contact details
Veltech Forging Private Limited's registered office is in Thane, Maharashtra. Its website is veltechfpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No H – 39 & H – 40 Additional MIDC Area Kudavli MIDC Murbad, Thane, Maharashtra, India – 421401
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Veltech Forging Private Limited, buy the company report.
Comprehensive company report
Veltech Forging 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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Brands
Veltech Forging operates one associated brand: Veltech Forging Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Forging and manufacturing of industrial components in Maharashtra, India. | veltechfpl.com |
Business activity
The main business activity of Veltech Forging is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Veltech Forging Private Limited, buy the company report.
Financials of Veltech Forging Private Limited
FY 2025 filings availableVeltech Forging Private Limited reported revenue of ₹46.7 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹46.7 Cr ▲ 5%
Net profit · FY 2025
₹27.5 Lakh margin 0.6%
EBITDA · FY 2025
₹3.29 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 6%
5 years · compounded
▼ 3%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 5% growth in the latest year. EBITDA fell 13% 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 | ₹3.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27.5 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 | 7% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Veltech Forging Private Limited, buy the company report.
Board of directors of Veltech Forging Private Limited
Veltech Forging 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 |
|---|---|---|---|---|
| Hina Bhavesh Panchal | Director | 28 Dec 2019 | 6 Years 9 Months | Current |
| Shardaben Virabhai Panchal | Director | 16 Jul 2022 | 4 Years 3 Months | Current |
| Bhavesh Viralal Panchal | Managing Director | 04 Mar 2016 | 10 Years 7 Months | Current |
| Meet Bhavesh Panchal | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
Auditor
Veltech Forging Private Limited is audited by S S SANGHAVI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S SANGHAVI & CO | FY 2023 | 124847W |
Shareholding
The shareholding of Veltech Forging 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veltech Forging Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.63 Cr
Satisfied charges
₹21.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2025 | 101197808 | Others | ₹29 Lakh | Open | |
| 26 Aug 2025 | 101184627 | Hdfc Bank Limited | ₹22.45 Lakh | Open | |
| 22 Nov 2024 | 101011009 | Others | ₹37.76 Lakh | Open | |
| 01 Oct 2024 | 101010034 | Others | ₹1.45 Cr | Open | |
| 30 Jan 2024 | 100869133 | Others | ₹2.5 Cr | Open |
To see the full charge records of Veltech Forging Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
No court or tribunal cases involving Veltech Forging Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Veltech Forging Private Limited was last rated by Icra on 28 Feb 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Feb 2017 |
To see the full credit ratings and regulatory alerts of Veltech Forging Private Limited, buy the company report.
MSME payment delays
Veltech Forging Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,121 overdue payments to 50 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raj Alimento Industries Pvt Ltd | |||
| an individual supplier | |||
| Intek Engineering Private Limited | |||
| Avdhoot Technocrats Private Limited | |||
| S.S.Engineering Works |
To see the full MSME payment records of Veltech Forging Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Veltech Forging Private Limited has a workforce of 13 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-13.33%
GST
Veltech Forging has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV0141M1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veltech Forging Private Limited, buy the company report.
Recent activity
Veltech Forging Private Limited has 13 board changes on record since 2010: 4 appointments and 9 cessations. The latest: Meet Bhavesh Panchal ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 0.29 Cr with Charge ID 101197808 was registered on 07 Oct 2025.
AGM
Veltech Forging Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 101184627 was registered on 26 Aug 2025.
Filing
Veltech Forging Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 31 Mar 2022 via Charge ID 100562424 with Others was fully satisfied on 06 Feb 2025.
Charges
A charge with Others amounted to Rs. 0.38 Cr with Charge ID 101011009 was registered on 22 Nov 2024.
Charges
A charge with Others amounted to Rs. 1.45 Cr with Charge ID 101010034 was registered on 01 Oct 2024.
Charges
A charge with Others of Rs. 2.50 Cr registered on 30 Jan 2024 with Charge ID 100869133 was modified on 20 Feb 2024.
Charges
A charge with Others of Rs. 3.00 Cr registered on 31 Mar 2022 with Charge ID 100562424 was modified on 20 Feb 2024.
Charges
A charge with Others of Rs. 4.00 Cr registered on 31 Mar 2016 with Charge ID 100018762 was modified on 20 Feb 2024.
Charges
A charge with Others amounted to Rs. 2.50 Cr with Charge ID 100869133 was registered on 30 Jan 2024.
Charges
A charge with Others amounted to Rs. 0.37 Cr with Charge ID 100729297 was registered on 26 May 2023.
40 earlier events are in the company report.
Frequently asked questions
Veltech Forging is an active private limited company based in Thane, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 07 July 1994 (32+ years old) and is registered under CIN U27200MH1994PTC079501.
Veltech Forging has 4 current directors:
- Bhavesh Viralal Panchal - Managing Director
- Hina Bhavesh Panchal - Director
- Shardaben Virabhai Panchal - Director
- Meet Bhavesh Panchal - Director
The latest financial statements of Veltech Forging 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 Veltech Forging is 27AABCV0141M1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Veltech Forging is U27200MH1994PTC079501. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veltech Forging was incorporated on 07 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Meet Bhavesh Panchal ceased to be Additional Director on 30 Sep 2022. Shardaben Virabhai Panchal ceased to be Additional Director on 30 Sep 2022. Shardaben Virabhai Panchal was appointed as Director on 16 Jul 2022. Veltech Forging has 13 board changes on record in total.
Yes, Veltech Forging is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0006487).
Veltech Forging has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,121 overdue payments to 50 micro and small suppliers. The latest return was filed on 20 Apr 2024.
Veltech Forging can be reached through the website veltechfpl.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Veltech Forging is at Plot No H – 39 & H – 40 Additional MIDC Area Kudavli MIDC Murbad, Thane, Maharashtra, India – 421401.