MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0000684
Vico Forge Pvt Ltd - automotive in Valsad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹41.35 Cr
▼ 7% YoY
Net profit · FY 2025
₹5.58 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹2.25 Cr
EBITDA margin 5.4%
Authorised capital
₹95 Lakh
Registered with MCA
Paid-up capital
₹45.2 Lakh
Issued & subscribed
Open charges
₹14.16 Cr
Satisfied ₹77.24 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
104
Provident fund records
About Vico Forge Pvt Ltd
Data last updated:
Vico Forge Pvt Ltd is a private limited company based in Valsad, Gujarat, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 01 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28910GJ1986PTC008588. Its GSTIN is 24AAACV9427B1ZK (Gujarat).
The company has an authorised share capital of ₹95 Lakh and a paid-up capital of ₹45.2 Lakh. It is led by directors including Amrutlal Dalchharam Panchal (Managing Director) and Kaushik Amrutlal 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 749 40 Shed Area GIDC Vapi Dist – Valsad, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.35 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹5.58 Lakh (net margin 0.1%) and EBITDA of ₹2.25 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
The company has about 104 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Vico Forge. As per MCA filings, the company has open charges of ₹14.16 Cr and satisfied charges of ₹77.24 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Vico Forge Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0000684). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vicoforge.com.
Company details
CIN U28910GJ1986PTC008588
Registration Number 008588
Incorporation Date 01 April 1986
ROC Ahmedabad
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-GJ-25-0000684
Key People
Amrutlal Dalchharam Panchal Managing Director Kaushik Amrutlal Panchal Director Kirit Babubhai Panchal Director Recognitions & Rankings of Vico Forge
Contact details
Vico Forge Pvt Ltd's registered office is in Valsad, Gujarat. Its website is vicoforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 749 40 Shed Area GIDC Vapi Dist – Valsad, Gujarat, India – 396195
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Vico Forge Pvt Ltd, buy the company report.
Comprehensive company report
Vico 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Vico Forge operates one associated brand: Vico Forge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of forging components for tractor and auto industries in Gujarat. | vicoforge.com |
Business activity
The main business activity of Vico Forge 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 Vico Forge Pvt Ltd, buy the company report.
Financials of Vico Forge Pvt Ltd
FY 2025 filings availableVico Forge Pvt Ltd reported revenue of ₹41.35 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹41.35 Cr ▼ 7%
Net profit · FY 2025
₹5.58 Lakh margin 0.1%
EBITDA · FY 2025
₹2.25 Cr margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 6%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 10%
5 years · compounded
▼ 6%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 12% 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 | ₹2.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.58 Lakh | ||||
| 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 | 5.4% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Vico Forge Pvt Ltd, buy the company report.
Board of directors of Vico Forge Pvt Ltd
Vico Forge has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrutlal Dalchharam Panchal Also directs: Riko Forge LLP | Managing Director | 06 Oct 1986 | 40 Years 0 Months | Current |
| Kaushik Amrutlal Panchal | Director | 27 Apr 2021 | 5 Years 6 Months | Current |
| Kirit Babubhai Panchal | Director | 27 Apr 2021 | 5 Years 6 Months | Current |
| Kamlesh Babubhai Panchal Also directs: Riko Forge LLP | Director | 09 Nov 2020 | 5 Years 11 Months | Current |
| Ravikumar Amrutlal Panchal | Director | 19 Nov 2020 | 5 Years 11 Months | Current |
Auditor
Vico Forge Pvt Ltd is audited by KAKARIA & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAKARIA & ASSOCIATES LLP | FY 2023 | 104558W |
Shareholding
The shareholding of Vico 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vico Forge Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹14.16 Cr
Satisfied charges
₹77.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2023 | 100698016 | Others | ₹1.5 Cr | Open | |
| 25 Aug 2022 | 100605651 | Others | ₹4.15 Cr | Open | |
| 29 Nov 2018 | 100224273 | Others | ₹8 Cr | Open | |
| 13 Jul 2018 | 100192594 | Others | ₹24.3 Lakh | Open | |
| 24 Sep 2012 | 10484733 | Reliance Capital Ltd | ₹27.24 Lakh | Open |
To see the full charge records of Vico Forge Pvt Ltd, buy the company report.
Total charge records: 35 View all charges
Legal cases
Vico Forge Pvt Ltd has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Vico 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
Vico Forge Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Velloils Lubricant and Petrochem Ltd | |||
| Itl Industries Limited |
To see the full MSME payment records of Vico Forge Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vico Forge has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Riko Forge Private Limited | U27107GJ2007PTC049954 |
To see the full group structure of Vico Forge Pvt Ltd, buy the company report.
Employees & EPFO
Vico Forge Pvt Ltd has a workforce of 104 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.
Employee count
104
Active EPFO establishments
1
Employee growth
10.64%
GST
Vico Forge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV9427B1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vico Forge Pvt Ltd, buy the company report.
Recent activity
Vico Forge Pvt Ltd has 7 board changes on record since 1986: 6 appointments and 1 cessation. The latest: Kaushik Amrutlal Panchal was appointed as Director on 27 Apr 2021.
AGM
Vico Forge Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vico Forge Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 22 Feb 2021 via Charge ID 100442627 with Others was fully satisfied on 12 Jul 2024.
Charges
A charge registered on 27 Oct 2016 via Charge ID 100065767 with Others was fully satisfied on 12 Jul 2024.
Charges
A charge registered on 01 Aug 2016 via Charge ID 100042476 with Others was fully satisfied on 12 Jul 2024.
Charges
A charge with Others of Rs. 800.00 Lakh registered on 29 Nov 2018 with Charge ID 100224273 was modified on 08 Jul 2024.
Charges
A charge registered on 29 Jul 2020 via Charge ID 100376565 with Others was fully satisfied on 29 Jun 2024.
Charges
A charge with Others of Rs. 150.00 Lakh registered on 21 Mar 2023 with Charge ID 100698016 was modified on 31 Mar 2023.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100698016 was registered on 21 Mar 2023.
Charges
A charge with Others of Rs. 414.50 Lakh registered on 25 Aug 2022 with Charge ID 100605651 was modified on 04 Oct 2022.
Charges
A charge with Others amounted to Rs. 414.50 Lakh with Charge ID 100605651 was registered on 25 Aug 2022.
Charges
A charge registered on 28 Feb 2018 via Charge ID 100162003 with Others was fully satisfied on 10 May 2022.
80 earlier events are in the company report.
Frequently asked questions
Vico Forge is an active private limited company based in Valsad, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 01 April 1986 (40+ years old) and is registered under CIN U28910GJ1986PTC008588.
Vico Forge has 5 current directors:
- Amrutlal Dalchharam Panchal - Managing Director
- Kaushik Amrutlal Panchal - Director
- Kirit Babubhai Panchal - Director
- Kamlesh Babubhai Panchal - Director
- Ravikumar Amrutlal Panchal - Director
The latest financial statements of Vico 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 Vico Forge is 24AAACV9427B1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Vico Forge is U28910GJ1986PTC008588. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vico Forge has 2 court cases on record: 2 filed against it.
Vico Forge was incorporated on 01 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kaushik Amrutlal Panchal was appointed as Director on 27 Apr 2021. Kirit Babubhai Panchal was appointed as Director on 27 Apr 2021. Ravikumar Amrutlal Panchal was appointed as Director on 19 Nov 2020. Vico Forge has 7 board changes on record in total.
Yes, Vico Forge is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0000684).
Vico Forge has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 2 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Vico Forge can be reached through the website vicoforge.com. Its registered office is in Valsad, Gujarat, India.