Krishanveer Forge Ltd. – Company Report
1. Company Overview
Krishanveer Forge Ltd., formerly known as Rajkumar Forge Limited, is a publicly listed Indian company incorporated in 1990 and headquartered in Pune, Maharashtra. The company specializes in the manufacturing of open die steel forgings, catering to both domestic and international markets, with a strong presence in Southeast Asia. Krishanveer Forge is part of the Western India Forgings Group and is ISO 9001-certified, maintaining high standards in quality, environment, and occupational health. The company’s leadership is headed by Chairman Arun Krishankumar Jindal.
Its Pune plant is equipped to produce forgings from various steel grades—including plain carbon, alloy, stainless, duplex, 17-4PH, and HNS steel—with the capability to supply single-piece forgings up to 10 metric tons. Krishanveer Forge serves industries such as oil & gas, steel, cement, sugar, power, chemicals, fertilizers, gear manufacturing, infrastructure, wind energy, construction, and mining.
- Incorporated: 1990
- Headquarters: Pune, Maharashtra, India
- Chairman: Arun Krishankumar Jindal
- Plant: Pune, Maharashtra
- Employees: 51–200 (approximate)
- Certification: ISO 9001:2000
2. Products and Services
Krishanveer Forge Ltd. manufactures a wide range of open die forged products, including:
- Shafts (Ø200–700mm, up to 6,000mm length, weight up to 10MT)
- Square and rectangular sections (up to 9MT)
- Blanks (up to 7MT, 450mm thickness)
- Mill roller shafts, gear shafts, tail bars, gear rings and blanks (for sugar industry)
- Table rolls, pinions, spindles, slab and continuous caster rolls, blooming mill rolls, elongator rolls, wobblers, and gearing components (for steel industry)
- Kiln rollers, mill rollers, pinions, pinion shafts, axles, tie rods, and location bearings (for cement industry)
- Casing heads, cross forgings, tubing spools, SSB/SSBT valve components, slip lock housings (for oil and gas industries)
- Finished machined parts and forged articles for general engineering and core industrial sectors
The company is known for forging complex and critical shapes like Khuff blocks, Y-blocks, studded tees, and GV bodies, offering both standard and customized forgings.
3. Recent News and Financial Performance
Business Developments
- Continued leadership in exports of critical forgings, with strong customer relationships in South East Asia and other global markets.
- Name changed from Rajkumar Forge to Krishanveer Forge Ltd. in August 2022, strengthening brand identity under the Western India Forgings Group.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹82.8 crore |
| Net Profit | ₹5.64 crore |
| Earnings Per Share (EPS) | ₹5.16 |
| Operating Profit Margin | 10.1% |
| Net Profit Margin | 6.8% |
| Dividend Payout % | 48.5% |
| Debt | Low leverage; healthy balance sheet |