Depth bar (mandatory): Due-diligence dossier for a thin-public Band B/C SME forge. Every scrap below is labelled. Estimates [~]; directory phones [dir]; unverified claims [!]. Never invent bill numbers, court outcomes, or emails. Hard gate: confirm monthly electricity is material (Path B floor often cited as ≥₹3L; enterprise Band A floor ₹30L) before multi-month commercial pitch.

1. Company overview & snapshot

1.1 Legal identity & corporate structure

JVM Industries is presented publicly as a proprietorship manufacturing industrial forged components from Ludhiana’s Focal Point industrial complex. IndiaMART / company mirror pages list GSTIN 03ADTPS1176K1Z2, GST registration from 01-07-2017, legal status Proprietorship, GST partner / Company CEO Vikas Sood, and annual turnover band ₹25–100 Cr [dir]. There is no public CIN in the materials reviewed — consistent with a proprietorship rather than a private limited company. Treat “JVM Industries” as the trade name on GST and commercial documents; confirm exact legal name on the PSPCL HT invoice before any pilot MSA.

Authorised / paid-up capital, open MCA charges, ROC filings: not applicable / not found in the same way as for a company — proprietorship filings are thinner. Do not invent director lists or shareholding. Parent / JV / listed subsidiary: none found. Brand collision risk: “JVM” appears in unrelated Indian firms; always qualify with Phase VIII Focal Point Ludhiana and GSTIN.

Promoter: Vikas Sood is repeatedly listed as Proprietor on jvmforgings.com contact and profile pages. Decision rights for a 90-day opex pilot should concentrate on him unless he explicitly delegates to a plant / maintenance head.

Data gaps (explicit): MCA CIN (N/A if true prop), audited P&L, bank charges, Udyam MSME certificate number, exact employee headcount beyond directory band, and electricity connection number — all unknown until discovery.

1.2 What they make & where money comes from

Public product narrative (jvmforgings.com + IndiaMART mirroring): hot closed-die forging and related automotive / industrial forged spares — clutch levers / clutch-plate levers, camshaft / cam-shaft forgings, hub forgings, three-wheeler hubs and components, tie-rod ends, bush plates, ball joints, fork / cross forgings, stub axles, suspension parts, release plates, pipe-fitting forgings, castor plates, and assorted “cold forging” listings on the catalogue (treat cold-forge line as catalogue breadth [!], not proof of a material cold-forge energy signature without plant walk).

End markets: automotive spare / OEM–Tier supply orientation is claimed; named OEM customer list is not verified on the company site in a durable, citable form. Do not put “we supply Maruti / Tata” in outbound copy unless Vikas confirms. Revenue mix (OE vs aftermarket vs export vs domestic) is unknown. Capacity in MTPA and press/hammer tonnage are not published.

Energy-money logic: at this scale, electricity cost is unlikely to be “overhead lighting.” Money moves through billet / stock heating, forge press / hammer duty cycle, in-house heat treatment (HT) furnace hold, quench media auxiliaries, shot-blast / finishing, and compressed air + cooling. Stamped’s economic story is ₹ per forged piece and demand charge attribution, not ESG scorecards.

Turnover band ₹25–100 Cr [dir] places the account in Band B / upper C for Stamped’s internal banding — but turnover ≠ HT bill. A ₹40 Cr turnover forge with thin second-shift utilisation can still sit under Path B floors; a busy HT shop inside the same band can clear ₹10–25L [~] monthly. Bill verification is mandatory.

1.3 Plants, addresses & footprint

Pilot recommendation: the Phase VIII forge + HT campus itself — there is no multi-plant benchmark excuse. Ask whether HT is on the same PSPCL HT account as forging, or a separate LS connection / shared landlord meter (Focal Point units occasionally share complex metering — rare but ask).

Depots / trading offices: none evidenced. Do not invent Delhi branch or export warehouse.

1.4 Leadership & CRM map

LinkedIn: no durable founder URL verified in this research pass. Use search: “Vikas Sood JVM Industries Ludhiana”. Email pattern on kit (vikas.sood@jvmforgings.com) is inferred [!] — do not treat as verified. Prefer phone / WhatsApp first given SME norms.

Decision path for a ₹1–3L [~] Path B / thin pilot: Vikas yes → share two PSPCL bills → maintenance walks feeder → 90-day one-feeder proof. There is no corporate board layer. Speed can be high; sophistication of data stack may be low.

1.5 Recent news (24 months) & timing for Stamped

Public news hits for “JVM Industries Ludhiana forging” in the last 24 months: none found of substance (no capex inauguration press, no labour dispute headlines, no award coverage in major dailies) in the search set used for this dossier. IndiaMART catalogue pages remain the loudest signal.

Timing implications:

1. Quiet public profile → founder-to-founder call / WhatsApp beats LinkedIn nurture.
2. IATF 16949:2016 posture (claimed on commercial materials [dir] / kit) means quality discipline exists — frame Stamped as bill M&V that sits beside IATF, not another ISO project.
3. Ludhiana auto forge cluster (Phase VIII peers: JVR/Eastman ecosystem nearby in Dhandari; Moonlight / other Focal Point units) → peer reference path later; do not name peers without permission.
4. OEM price-downs in auto components (sector context, not JVM-specific news) → ₹/piece electricity lands better than “digital transformation.”

Outreach timing: anytime bills are available; avoid claiming a “post-expansion” story without proof of expansion.

2. Energy profile

DISCOM / supply (name early): Punjab State Power Corporation Limited — PSPCL. Ludhiana Focal Point industrial connections are classically PSPCL Large Supply / HT industrial. Confirm category (LS / MS), connection number, sanctioned demand (kVA/kW), ToD applicability, and whether night-shift forging is already on cheaper slots. Do not assume UPS or captive wheeling.

2.1 Bill band, tariff & demand

No public electricity bill was found. Working hypotheses for a single-site hot forge + in-house HT at ₹25–100 Cr turnover with small-mid headcount (26–50 people [dir]):

Stamped hard gates:

• Kit / lead rule of thumb: confirm bill ≥ ₹3L/mo before enterprise-style pitch.
• Formal Band A gate remains ≥ ₹30L/mo — JVM may fail that gate; still a valid Path B / discovery account if Path B economics clear.

Ask on call for: billed kWh, recorded MD, CMD/MD ratio, PF incentive or penalty lines, furnace / compressor contribution narrative, and whether any generator runs into MD. Never invent a ₹ figure in outbound copy.

Tariff / ToD / PF: Punjab LS industrial schedules change; read the actual invoice. PF drift on inductive forge / HT loads is a classic leak category — still a hypothesis until meters speak.

2.2 Generation, fuel & renewables

• Captive solar / wind / OA / PPA: none found for JVM.
• DG: unknown — ask size and whether DG is emergency-only.
• Furnace fuel: billet heating may be induction (electric) or oil/gas depending on line — critical discovery. If heating is primarily fuel-oil, Stamped’s grid-electricity wedge concentrates on presses, HT electric, utilities, and MD sequencing — not billet heat chemistry.
• Renewables story: do not invent one.

2.3 EnMS, PAT, ISO, BRSR

Pitch: evidence-verified prescriptions that give Vikas a board-of-one view of furnace hold ₹ — not an EnMS consultancy.

2.4 Likely ₹ leak categories (hypothesis)

1. HT furnace hold overnight / weekend while forge is idle — kWh and MD base load.
2. Shift-change coincidence: billet heater + press + compressor + quench pumps starting together → MD spike on PSPCL.
3. Compressed-air base load and leaks on legacy ring mains.
4. Idle motor banks (shot blast, conveyor, hydraulic power packs) between batches.
5. PF penalty or lost PF incentive on inductive furnace / motor mix.
6. Poor tariff dispatch: running energy-heavy HT during costly ToD blocks when quality allows deferral.
7. Single-bill blindness: forge vs HT not separated — “we just use a lot of power.”

Each item is a hypothesis for meter traces + production calendar — not an allegation of poor housekeeping.

3. Operations, equipment & digital stack

3.1 Process flow & critical loads

Hypothesised closed-die forge flow (standard Ludhiana pattern): raw bar/billet receipt → cut → heat → forge (press/hammer) → trim / pierce → heat treatment (normalise / harden / temper as applicable) → shot blast / straighten → machine (if in-house) → inspection / IATF quality gates → dispatch.

Critical electrical loads (hypothesised):

• Induction heaters / furnace contactors (if electric heat)
• Presses / hammers and hydraulic packs
• HT furnaces and recirculation fans
• Quench agitation / cooling towers / pumps
• Compressors
• CNC / conventional machine tools if present
• Dust extraction / APC where required

Controllable events for Stamped: furnace hold setpoints and schedules; stagger of heater + press + air starts; weekend idle air; MD peak ownership by shift supervisor. Non-controllable by Stamped: metallurgy recipes, OEM drawing changes, die design.

3.2 Shifts, seasonality, production pattern

Public roster: unknown. Directory headcount 26–50 [dir] suggests 1–2 shifts more often than true 24×7 continuous melt-style ops — but HT hold can still be continuous. Auto component seasonality tracks OEM schedules and festival shutdowns. Maintenance windows after festival / monsoon are often the quietest discovery periods.

Ask: days run per week; whether HT stays hot on Sundays; peak months vs lean; scrap rework energy.

3.3 Automation, metering, SCADA/EMS/DCS

Named SCADA / EMS / historian vendors: none found. Expect Path B entry: paper or PDF PSPCL bills + optional interval data from digital energy meter / CT if present + production log (heat numbers / tonnage / shifts). Some presses may have OEM HMI — read-only only; no PLC writes.

Maturity hypothesis: IATF process discipline > utility analytics maturity. That is a feature for Stamped (clear ₹ proof), not a bug.

3.4 Capex / tech projects affecting energy

No public capex announcement found in 24 months. If Vikas mentions a new press, induction line, or HT furnace, use post-capex baseline framing: “prove the new asset’s MD behaviour in ₹ against the bill,” not “you wasted money.”

4. Stamped Energy fit analysis

4.1 ICP scorecard

4.2 Fit score rationale

Fit 7/10 (Band B/C) per Punjab multi-vertical lead report — justified by: real process loads (forge + HT), IATF discipline signal, Focal Point cluster clustering, owner accessibility. Score is capped by: thin public profile, possible bill under Band A floor, unknown induction vs fuel heat split, and single-site limited expansion narrative. If bill lands <₹3L, drop or park as nurture — do not force a 90-day paid pilot narrative.

4.3 Wedge (parser-critical)

The strongest wedge is: on one Phase VIII PSPCL HT account, separate furnace-hold and compressor MD from productive forge strokes — then verify the ₹ change on the next bill so Vikas sees which overnight hold is actually buying demand charge.

4.4 Objections & competitors

4.5 Pilot design

• Site: K-367–369 Phase VIII only.
• Scope: plant incomer or HT furnace feeder + compressor if submetered.
• Weeks 1–2: two PSPCL bills, connection details, shift calendar, heat/ton log.
• Weeks 3–8: weekly ranked prescriptions (hold reduction, start stagger, idle air).
• Weeks 9–12: invoice reconcile; optional ₹/tonne forge.
• Success: one owned action with defensible ₹ movement on bill.
• Kill: bill < agreed floor; no data access; no owner attention within 14 days.

5. Before you reach out

5.1 Discovery checklist

• Confirm legal name on PSPCL invoice matches GST 03ADTPS1176K1Z2 / JVM Industries.
• Verify monthly bill band in ₹ lakh (and Cr if unexpectedly large) — hard gate ≥₹3L before Path B commercial; ≥₹30L only if Band A claimed.
• Confirm CMD/MD, PF lines, ToD.
• Confirm billet heat: induction electric vs oil/gas.
• Confirm in-house HT scope (what cycles, hours hot).
• Name Head Maintenance / Electrical.
• Ask compressor quantity / HP and weekend status.
• Ask whether any shared meter with neighbour unit.
• Confirm IATF certificate validity dates.
• Ask export share % (FIEO?) — optional, for timing only.
• Ask recent furnace / press purchases.
• Clarify email — do not rely on inferred pattern.

5.2 Do not lead with

• Do not lead with dashboards, AI buzzwords, or ESG-first pitch.
• Do not lead with “Band A ₹30L guarantee” — you have not seen the bill.
• Do not name OEMs JVM supposedly supplies without confirmation.
• Do not claim solar / net-zero story that does not exist.
• Do not pitch multi-plant benchmarking (single site).
• Do not open with hardware / IoT gateway sales.
• Do not confuse JVM with unrelated JVM-named companies.

5.3 Opening hooks (email / call / WhatsApp)

Email (owner): Forge + HT on one PSPCL bill — which furnace hold costs most in ₹ this month?

Call (45s): “Vikas — Utso Sarkar, Stamped Energy, IIT Roorkee. On K-367 forge + HT, do you know which furnace hold or compressor stage drives the PSPCL demand charge in rupees? Read-only on meters; we verify with evidence. Two bills + twenty minutes?”

WhatsApp: “Vikas bhai — Utso, Stamped Energy (IIT Roorkee). Phase VIII forge+HT: read-only prescriptions for furnace hold / MD ₹, verify next PSPCL bill. Hardware nahi. 20-min?”

6. Risks, flags, controversies & sources

6.1 Integrity / controversy / regulatory (search explicitly)

Searches run (Jul 2026 dossier pass): “JVM Industries Ludhiana”, “JVM Industries forging fraud”, “JVM Industries Vikas Sood GST”, “JVM Industries PSPCL”, “JVM Industries labour”, “JVM Industries NGT”, “jvmforgings scam”.

Result: No material controversy, lawsuit headline, GST raid story, NGT/PCB major notice, promoter fraud allegation, or product-failure scandal specifically tying JVM Industries (Phase VIII Ludhiana) was found in the open-web set reviewed. Absence of evidence is not evidence of perfect compliance — SME forgings rarely attract English-language coverage either way.

Label: none found (with search terms above). Continue to verify GST status live before contract. Do not allege irregularities.

6.2 Data quality flags

• Turnover band ₹25–100 Cr is directory width, not audited.
• Headcount 26–50 may understate contractors.
• Catalogue lists “cold forging” — may be SEO breadth [!].
• Phone 98141 67686 is [dir] — reconfirm.
• Email patterns unverified.
• IATF claim needs certificate photo / expiry.
• Bill could sit below Path B floor — highest commercial risk.
• Entity is proprietorship — contracting / MSME paperwork differs from Pvt Ltd.

6.3 Sources consulted

• https://www.jvmforgings.com/ (home, profile, product range, enquiry)
• IndiaMART / site-mirrored GST and turnover fields for GST 03ADTPS1176K1Z2
• leads/punjab/lead-research-punjab-chandigarh-multi-vertical-2026-07.md (Lead 4)
• leads/lead-research-master-company-index.md
• outreach/2026-07-pb-up-uk-gap/36-jvm-industries.md (kit — no Apollo)
• Peer forge dossiers for process hypotheses (JVR, Moonlight) — process only, not shared facts
• Open-web controversy searches listed in §6.1
• PSPCL as default Ludhiana DISCOM (geographic — confirm on invoice)

Apollo enrichment: not used (per instruction).

Extended call-prep narrative (Stamped field use)

B1. First 20 minutes of discovery

Open with process respect, not software. Confirm legal entity on the invoice, DISCOM name, and who owns the largest feeder MD event in the last 90 days. Ask for two invoices and one production calendar export before any platform demo. If the champion cannot produce bills within a week, treat the opportunity as stalled — Bill Verification Program without invoices is theatre. Record whether Path A (historian/meter export) or Path B (CSV) is realistic given OT policy. Confirm the economic buyer who can approve a Rs 2–5 lakh [~] fixed 90-day fee without a full ERP tender.

B2. Prescription card discipline

Every recommendation must name: event, owner, due date, expected rupee line on the DISCOM invoice, operational constraint, and evidence of execution. Cards without owners are deleted. Cap weekly cards at five so plant teams are not flooded. Prefer MD sequencing and idle-hold cuts before exotic tariff products. Never propose changing validated recipe, membrane current, sterile pressure, or Tempcore quench parameters. If quality or safety forbids a schedule change, mark the lever as blocked and move on — credibility beats aggressive savings claims.

B3. Verifying savings without gaming

A lower bill alone is not success if tonnes, pairs, or batches fell. Normalise against a production proxy agreed in week 1. Document holidays, forced outages, new-line commissioning, captive/solar settlement changes, and weather-sensitive HVAC. Keep a decision ledger shared with the plant: recommendation, owner, status, expected vs observed invoice delta. Present kill or expand at day 90 with the same ledger — this is how Stamped differs from audit PDFs that never close.

B4. Competitive and incumbent handling

If the site has EMS/SCADA/BMS, OEM analytics, ISO consultants, or solar EPCs, congratulate the spend and ask what residual bill lines still surprise them monthly. Position Stamped as the closure layer: rupee assignments and invoice reconciliation. Refuse head-to-head dashboard bake-offs. If Gujarat, Panipat, or Noida corporate IT appears, keep plant electrical as the proof owner and let corporate rubber-stamp after a verified bill line — not before.

B5. Geographic and cluster logistics

Batch 3 spans Mandi Gobindgarh, Paonta/Derabassi/Rajpura, Ghaziabad/Muzaffarnagar, and Kanpur–Unnao. Plan field days by corridor. Carry printed one-pagers: Fit score, DISCOM hypothesis, strongest wedge sentence, and two discovery questions. After each visit, update extras field intel — especially corrected phones, electrical names, and whether the bill cleared Rs 30 lakh/month.

B6. Messaging hygiene for this batch

Owner-operated steel/leather accounts tolerate Hindi-friendly WhatsApp and short calls. Listed pharma/chemical accounts prefer email plus LinkedIn with technical depth. Never open with controversies (GST/Excise history, EuGMP observations, rating actions) — those are internal briefings only. Always name DISCOM early in research-backed prep sheets so call-prep UI can render correctly.