Munish Forge Share price

The Company was originally incorporated on July 25 1986 as a Private Limited Company in the name of “Gaisu ForgePrivate Limited” under the provisions of the Companies Act 1956 bearing Registration Number 6950 issued by the Registrar of Companies Punjab Himachal Pradesh & Chandigarh. Further the Company was converted from a PrivateLimited Company to Public Limited Company along with name change and consequently the name of the Company waschanged from “Gaisu Forge Private Limited” to “Munish Forge Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on May 03 1995 bearing Registration Number 6950 issued by the Registrar of Companies Punjab Himachal Pradesh & Chandigarh. Further the Company was converted from a Public Limited Company to Private Limited Company and consequently the bearing Registration Number 06950 issued by the Registrar of Companies Punjab Himachal Pradesh & Chandigarh. Subsequently pursuant to a Special Resolution of the Shareholders passed in the Extra-Ordinary General Meeting held on November 12 2024 the Company was again converted from a Private Limited Company to Public Limited Company and consequently the name of the Company was changed from “Munish Forge Private Limited” to “Munish Forge Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 17 2024 bearing Corporate Identification Number U28910PB1986PLC006950 by the Central Processing Centre. The Corporate Identification Number of the Company is U28910PB1986PLC006950. As on date of this Red Herring Prospectus the Company has Eight (8) shareholders.Initial Subscribers of the Company are:1. Mr. Davinder Bhasin2. Ms. Minakshi BhasinThe Company is promoted by:1. Mr. Davinder Bhasin2. Ms. Minakshi Bhasin3. Mr. Dev Arjun Bhasin4. Munish Promoters and Developers Private Limited5. Dev Arjuna Enterprises Private LimitedMAJOR EVENTS AND MILESTONES :1986- The Company was established by the promoter Mr. Davinder Bhasin under the name of “Gaisu Forge Private Limited”. The primary focus was on manufacturing forged components like cycle parts electrical insulator parts and metalwork.1995- The Company changed its name from Gaisu Forge Private Limited to Munish Forge Limited transitioning from a private to a public entity. This shift marked a significant milestone in its growth accompanied by the addition of new products like Flange further expanding its business operations.1996- The Company expanded its manufacturing infrastructure by acquiring additional land alongside the current factory area at the Focal Point Village Gobindgarh a major industrial area to accommodate future growth and increased production capacity. The expansion supported the installation of more equipment and enhanced production efficiency.2002- Munish Forge Limited restructured again and change its status from limited company to a private limited company renaming itself Munish Forge Private Limited.2004- The Company expanded its factory land by 2.77 acres to support increased production. This expansion enabled the company to streamline operations and improve workflow management.2014- Munish Forge Private Limited completed the necessary requirements to become registered with Indian Defence allowing it to supply forged components to defence projects. This registration strengthened the company's credibility as a defence supplier.2015- The first Battle Tank Track Chain manufactured by the company was accepted by Indian Defence marking its entry as an approved supplier for military projects. This approval led to new business opportunities within the defence sector.2017- Munish Forge Private Limited received EN 1090-2:2008 certification from SLV Germany demonstrating compliance with European standards for structural steel and aluminium components. The certification facilitated entry into international markets requiring strict quality standards.2019- The Company integrated Robotic Welding Arms into its production process improving efficiency and precision. These automated systems ensure consistent welds reduce human error and improve production speed leading to higher productivity and cost-effectiveness.2022- The Company added JCB-SPD as one of its OEM customers expanding its customer base in the industrial and heavy equipment sector. This partnership reinforced the company’s position as a reliable supplier in the industry.2023- Munish Forge Private Limited secured approval for T72 tank tracks allowing it to manufacture and supply these critical components for defence applications. This approval contributed to the company’s growing involvement in military vehicle manufacturing.2024- The company commenced casting operations through its new division Dev Arjuna Cast and Forge Pvt Ltd diversifying its product range and manufacturing capabilities. This step marked the company’s expansion into casting-based production alongside forging.- Munish Forge Private Limited transitioned into a Public Limited Company indicating an expansion in its corporate structure and potential plans for further growth and investment opportunities. This change allowed the company to explore funding options and strengthen its market position.