Munish Forge Limited specializes in manufacturing forging and casting components for industries such as defense, oil and gas, and infrastructure. It is a key supplier to the Indian Army, producing critical components like battle tank track chains and bomb shells.

The company has successfully launched an IPO, marking its transition to a public entity and raising capital to support its growth strategies. It expects a revenue of approximately 205 CR for FY 2026, with a focus on increasing profitability through defense products.

Munish has achieved bulk production clearance for its 120mm HE bombshell, reflecting its strong positioning within the defense sector. Despite disruptions due to floods and geopolitical tensions, the company maintains robust profitability and operational resilience.

Strategic capacity expansion includes establishing a casting division, enhancing the company's capability to produce complex components and support its diversification strategy. Developmental orders in the railway sector are expected to become significant revenue contributors in the forthcoming years.