Amforge Industries Ltd
NSE: AMFORGEIND BSE: 513117
₹5.10
-0.50 (8.93%)
Sat, 24 Oct 2026, 01:21 am
Market Cap (in Cr)8.06
PE Ratio75.11
Dividend0
Producer Manufacturing
Metal Fabrication
24.5KAmforge Industries Ltd Company History
1971
- The Company was Incorporated as a private limited company on 21st April under the name of Hakimrai Jaichand Forgings Private Limited by Yogiraj J Makar and Surindernath J Makar.
1985
- The name of the Company was changed to Amforge Industries Private Limited with effect from 9th December.
- All shares issued for cash.
- 30,00,000 bonus equity shares were issued in proportion 3:1.
1986
- The Company installed a 2,500 tonnes capacity forging press imported from Japan for the manufacture of close tolerance forgings.
- 10,00,000 number of equity shares of Rs 10 each at a premium of Rs 10 per share linked to 1,00,000-15% secured non-convertible debentures of Rs 100 each were issued for cash at par during April.
- The Company became a public company in January.
1987
- The heat treatment plant at Bhandup factory was commissioned during the year.
- The Company acquired land at Khopoli for manufacture of heavier forgings up to 250 kgs.
- The Company raised an amount of Rs 2 crores by private placement of debentures with UTI LIC and ICICI to meet its long-term working capital requirements.
1989
- The margins were squeezed due to repeated steep increase in steel prices higher interest burden increased cost of fuel and other inputs overall general cost escalation and also the initial lower capacity utilisation of the hammer project at Khopoli.
1990
- The Company offered 2,78,250-12.5% secured fully convertible debentures of Rs 70 each for cash at par.
- 2,65,000 debentures were offered to the shareholders on rights basis in proportion 1 debenture : 5 shares.
- 13,250 debentures were issued to the existing employees on an equitable basis.
1991
- The technology upgradation-cum-expansion project for manufacture of medium range close tolerance forgings was partly commissioned.
- The fully convertible debentures were converted into two equity shares of Rs 10 each at a premium of Rs 25 each.
- The Company issued 14,18,600-12.5% partly convertible debentures of Rs 100 each through prospectus.
1992
- The Khopoli unit was geared up to undertake several new critical and high profile jobs.
- A new heat treatment line was installed and partly commissioned.
- The Company proposed to set up new manufacturing facilities at Pune which would enhance the capacity by 20,000 tonnes per annum.
1994
- Isha Steel Processors Ltd was amalgamated with the Company with effect from 1st April.
- Tru Wheels Limited was also amalgamated with the Company with effect from 1st April.
- 19,99,960 number of Equity shares were to be allotted to the shareholders of erstwhile Isha Steel Processors Ltd pursuant to the scheme of amalgamation.
1995
- The expansion project at Chakan in Pune for manufacture of high quality precision forgings was commissioned.
- The Company issued 24,23,368 Zero Percent Unsecured Fully Convertible Debentures of Rs 35 each with Tradeable Detachable Warrants on Rights basis.
- 24,68,370 number of equity shares were issued to the shareholders of ISPL and TWL on amalgamation.
1996
- 24,23,369 number of equity shares were allotted on conversion of zero per cent unsecured fully convertible debentures of Rs 35 each.
2002
- Shri Puneet Makar was appointed as Chairman and Managing Director of the company.
2008
- Amforge Industries acquired the entire share capital of M/s Dujon Commercial Pvt Ltd and made it its Wholly Owned Subsidiary
- The company designated an E-mail ID for Investor's Complaints: [investors@amforge.com](mailto:investors@amforge.com)
2009
- Amforge Industries Ltd appointed Shri Puneet Makar as Managing Director of the Company.
