Varsha Forgings Private Limited

Manufacturer and exporter of carbon and alloy steel forgings for automotive and engineering industries.

1988 | Satara, Maharashtra (India) | Active
Last Updated:

Varsha Forgings Profile

Key Indicators

  • Authorised Capital ₹ 1.25 Cr
  • Paid Up Capital ₹ 6.19 M
  • Company Age 36 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 6.00 Cr
  • Satisfied Charges ₹ 45.71 Cr
  • Revenue Growth 9.93%
  • Profit Growth -64.32%
  • Ebitda -46.48%
  • Net Worth 3.23%
  • Total Assets 14.45%

About Varsha Forgings

Varsha Forgings Private Limited (VFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 August 1988 and has a history of 36 years and six months. Its registered office is in Satara, Maharashtra, India.

The Corporate was formerly known as Varsha Forgings Private Limited. The Company is engaged in the Engineering Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.25 Cr and a paid-up capital of Rs 6.19 M.

The company currently has active open charges totaling ₹6.00 Cr. The company has closed loans amounting to ₹45.71 Cr, as per Ministry of Corporate Affairs (MCA) records.

Jinendra Munot, Yash Munot, Piyush Munot, and One other member serve as directors at the Company.

Company Details

  • Location

    Satara, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U28910PN1988PTC048629

  • Company No.

    048629

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Aug 1988

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Engineering
Machinery and Equipment

What products or services does Varsha Forgings Private Limited offer?

Varsha Forgings Private Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Gear parts, Automobile Fittings & Components, Automotive Shafts, Machine & Precision Tools, Spindles, Steering Parts & Components, Steering Parts, Camshafts, Drivetrain Components.

Company report

Varsha Forgings Private Limited

Explore comprehensive data for Varsha Forgings Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Varsha Forgings?

Executive Team (1)

NameDesignationAppointment DateStatus
Piyush Munot Country flag representing In Managing Director01-Jul-2005Current

Board Members (3)

NameDesignationAppointment DateStatus
Yash Munot Country flag representing In Director 01-Jul-2005Current
Jinendra Munot Country flag representing In Director 01-Jul-2005Current
Sanjeev Supsande Country flag representing In Director 20-Apr-2021Current

Financial Performance of Varsha Forgings.

Varsha Forgings Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.93% increase. The company also saw a substantial fall in profitability, with a 64.32% decrease in profit. The company's net worth moved up by a moderate rise of 3.23%.

Varsha Forgings revenue growth over time
Varsha Forgings profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
9.93%
Revenue from Operations
10.08%
Total Assets
14.45%
Profit or Loss
-64.32%
Net Worth
3.23%
EBITDA
-46.48%

What is the Ownership and Shareholding Structure of Varsha Forgings?

In 2023, Varsha Forgings had a promoter holding of 52.11% and a public holding of 47.88%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.00 Cr

Satisfied Charges

₹45.71 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 6.00 Cr

Latest Charge Details

DateLenderAmountStatus
31 Jul 2021Axis Bank Limited₹6.00 CrOpen
27 Dec 2018Hdfc Bank Limited₹18.60 CrSatisfied
16 Mar 2012Axis Bank Limited₹12.60 CrSatisfied
25 Aug 2010Citi Bank N.A.₹3.00 CrSatisfied
14 Jul 2008Axis Bank Limited₹3.45 CrSatisfied

How Many Employees Work at Varsha Forgings?

Varsha Forgings has a workforce of 182 employees as of Mar 30, 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.

Employee growth trends for Varsha Forgings Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varsha Forgings, 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 Varsha Forgings's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Varsha Forgings

Recent activity within the organization

  • Annual General Meeting

    Varsha Forgings Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Varsha Forgings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

  • Charges

    A charge registered on 16 Mar 2012 via Charge ID 10346952 with Axis Bank Limited was fully satisfied on 01 Nov 2021.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 6.00 Cr with Charge ID 100468152 was registered on 31 Jul 2021.

  • Charges

    A charge registered on 27 Dec 2018 via Charge ID 100237445 with Hdfc Bank Limited was fully satisfied on 21 May 2021.

  • Director Appointment

    Sanjeev Pandurang Supsande was appointed as a Director was appointed as a Director on 20 Apr 2021 & has been associated with this company since 3 years 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Varsha Forgings Private Limited?

    Varsha Forgings Private Limited was incorporated on 26 Aug 1988.

  • What is authorized share capital and paid-up capital of Varsha Forgings Private Limited?

    The authorized share capital of Varsha Forgings Private Limited is ₹ 1.25 Cr and paid-up capital is ₹ 6.19 M.

  • Who are the current board members & directors of Varsha Forgings Private Limited?

    Currently 4 directors are associated with Varsha Forgings Private Limited.

    • Jinendra Hirachand Munot
    • Yash Jinendrakumar Munot
    • Piyush Jinendrakumar Munot
    • Sanjeev Pandurang Supsande

  • What is the registered address of Varsha Forgings Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Varsha Forgings Private Limited is Gat No. 161 Markal Off Alandi Markal Road Tal Ked, India, Pune, Maharashtra, 415105.

  • What is the corporate identification number (CIN) and company number of Varsha Forgings Private Limited?

    The corporate identification number (CIN) of Varsha Forgings Private Limited is U28910PN1988PTC048629 and the company number is 048629 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Varsha Forgings Private Limited?

    The Official website of Varsha Forgings Private Limited is https://www.varshaforgings.com

  • What has been the recent revenue trend for Varsha Forgings Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Varsha Forgings Private Limited has risen by 9.93%.

  • How many employees does Varsha Forgings Private Limited currently have?

    As Per 2023 financial reports, 182 employees are currently employed by Varsha Forgings Private Limited.

  • What change has been observed in the net worth of Varsha Forgings Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Varsha Forgings Private Limited has experienced an upsurge of 3.23%.

  • What are the total open charges for Varsha Forgings Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Varsha Forgings Private Limited amount to ₹ 6.00 Cr.

  • When was the last Balance Sheet of Varsha Forgings Private Limited filed with the ROC?

    The most recent Balance Sheet for Varsha Forgings Private Limited was filed with the ROC on 31 Mar 2023.

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