Amforge Industries Limited

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BSE Code: 513117       NSE Code: AMFORGEIND

Business Profile
Business Profile
Amforge Industries (AMFORG) is engaged in the design, manufacture, and sale of die forging products in India. The company was incorporated as a private limited company on April 21, 1971 by Yogiraj J. Makar and Surindernath J. Makar. It became a public company in January 1986. The chairman emeritus of the company is Yogiraj Maker and Puneet Makar, the chairman and director.

The company product range includes crankshafts, stub axles, connecting rods, steering knuckles, hinges and bridge forks. The company serves the engineering sector, automobile manufacturers, machine tool manufacturers, defense sector, earthmoving equipment manufacturers, and oil and gas installations sector. The company has its manufacturing facility situated at Chinchwad in Pune. The plant is a comprehensive forge shop with presses and hammers together with all balancing equipment. This unit serves the complete range of small segment forgings to major OEMs with preferred vendor status at all major OEMs. Quality Accreditations like ISO/TS 16949:2002 and ISO 9001:2000 are in place, and the unit has recently also received TS 14001. The company Chakan unit has demerged from the company and merged with Mahindra Automotive Steels.

Clients include Hyundai Motors India, Tata Motors, Hero Honda, Sundaram Clayton, Maruti Udyog, Honda Motors India, ..etc. The company also offers its products in the United States, United Kingdom, Germany, Spain, and Canada.

The registered office is at United Bank of India Bldg, 6th Floor, Sir P.M. Road, Fort, Mumbai-400001.

Financials
The company reported that its loss for the quarter ended December 2008 has widened. During the quarter, the loss of the company rose to Rs 28.94 million compared with a loss of Rs 3.40 million in the same quarter previous year. Net sales declined 66.28% to Rs 37.03 million, while total income for the quarter fell 65.14% to Rs 40.82 million, when compared with the prior year period. It posted loss of Rs 1.95 a share during the quarter compared with loss of Rs 0.23 a share in previous year period.

Other Information
Annual Reports for Amforge Industries Limited
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2018-19
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