Economic Forge Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.00 M
- Company Age 40 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.64 Cr
- Satisfied Charges ₹ 11.99 Cr
- Revenue Growth 24.89%
- Profit Growth 50.71%
- Ebitda 73.55%
- Net Worth 12.60%
- Total Assets 9.98%
About Economic Forge
Economic Forge Pvt Ltd (EFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 14 February 1984 and has a history of 40 years and 11 months. Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Metals And Minerals Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 2.00 M.
The company currently has active open charges totaling ₹4.64 Cr. The company has closed loans amounting to ₹11.99 Cr, as per Ministry of Corporate Affairs (MCA) records.
Company Details
-
Location
Thane, Maharashtra, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
Social Media-
Corporate Identity Details
-
CIN/LLPIN
U28900MH1984PTC032164
-
Company No.
032164
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
14 Feb 1984
-
Date of AGM
30 Sep 2024
-
Date of Balance Sheet
31 Mar 2024
-
Listing Status
Unlisted
-
ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Economic Forge?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravi Jhunjhunwala
|
Director | 17-Oct-1995 | Current |
|
Mayank Jhunjhunwala
|
Director | 16-Feb-2015 | Current |
|
Sanjay Chowdhri
|
Director | 17-Oct-1995 | Current |
Financial Performance of Economic Forge.
Economic Forge Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 24.89% increase. The company also saw a substantial improvement in profitability, with a 50.71% increase in profit. The company's net worth Soared by an impressive increase of 12.6%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Economic Forge?
In 2023, Economic Forge had a promoter holding of 66.00% and a public holding of 34.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Tci Industries LimitedRavi Jhunjhunwala is a mutual person
-
Supreme Engineering LimitedSanjay Chowdhri is a mutual person
-
Shailaja Agencies Private LimitedRavi Jhunjhunwala and Mayank Jhunjhunwala are mutual person
-
A.S.C Engineers Private Limited
Sanjay Chowdhri is a mutual person
Charges (Loans)
₹46.37 M
₹119.89 M
Charges Breakdown by Lending Institutions
- Others : 4.50 Cr
- Bank Of Baroda : 0.12 Cr
- The Sarawat Co-Operative Bank Ltd. : 0.01 Cr
- Bank O F Baroda : 0.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2016 | Others | ₹4.50 Cr | Open |
| 05 Aug 1992 | Bank Of Baroda | ₹0.45 M | Open |
| 02 Jan 1991 | Bank Of Baroda | ₹0.30 M | Open |
| 10 Jun 1989 | The Sarawat Co-Operative Bank Ltd. | ₹0.10 M | Open |
| 16 Oct 1986 | Bank O F Baroda | ₹0.07 M | Open |
How Many Employees Work at Economic Forge?
Economic Forge has a workforce of 53 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Economic Forge, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Economic Forge's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
