Forbes & Company Profile
Key Indicators
- Authorised Capital ₹ 43.05 Cr
- Paid Up Capital ₹ 12.90 Cr
- Company Age 105 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 689.62 Cr
- Satisfied Charges ₹ 691.51 Cr
- Revenue Growth 85.63%
- Profit Growth -94.23%
- Ebitda -21.47%
- Net Worth 430.09%
- Total Assets 15.47%
About Forbes & Company
Forbes & Company Limited (FCL) was founded in India on 18 November 1919 and has a glorious history of 105 years and four months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 502865.
The Corporate was formerly known as The Gokak Mills Private. The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 43.05 Cr and a paid-up capital of Rs 12.90 Cr.
The company currently has active open charges totaling ₹689.62 Cr. The company has closed loans amounting to ₹691.51 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Forbes & Company Limited India are Pritesh Jhaveri as COMPANY SECRETARY and Nirmal Jagawat as Cfo. Nikhil Bhatia, Paras Savla, Mahesh Chelaram, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L17110MH1919PLC000628
- Company No.
000628
- Stock Symbol
BSE : 502865
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Nov 1919
- Date of AGM
29 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Machinery and Equipment
Real Estate and Construction
What products or services does Forbes & Company Limited offer?
Forbes & Company Limited offers a wide range of products and services, including Stamping Tools & Stamping Machine, Stamping Parts, Cutting Tools & Milling Cutter, Threading Tap, Pliers, Screwdrivers & Hammers, Cutting Pliers, Carbide Milling Cutters, Drilling Bits, Collets and Chucks, Carbide Drills, Screwdriver & Screwdriver Set.
Forbes & Company Limited
Explore comprehensive data for Forbes & Company Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Forbes & Company?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pritesh Jhaveri  | Company Secretary | 08-Apr-2024 | Current |
| Nirmal Jagawat | CFO | 30-Sep-2016 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Paras Savla | Director | 05-Aug-2024 | Current |
| Nikhil Bhatia | Director | 16-May-2019 | Current |
| Mahesh Chelaram | Director | 01-Apr-2024 | Current |
| Ravinder Prem | Whole-Time Director | 01-Apr-2024 | Current |
Bapsy Dastur  | Director | 01-Sep-2024 | Current |
| Jai Mavani | Director | 22-May-2012 | Current |
Financial Performance of Forbes & Company.
Forbes & Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 85.63% increase. The company also saw a substantial fall in profitability, with a 94.23% decrease in profit. The company's net worth Soared by an impressive increase of 430.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Forbes & Company?
In 2023, Forbes & Company had a promoter holding of 73.85% and a public holding of 26.16%. The company had 6 Subsidiaries, 2 Joint Ventures and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shapoorji Pallonji Energy Private LimitedJai Mavani is a mutual person
Next Gen Publishing Private LimitedMahesh Chelaram is a mutual person
Gokak Textiles LimitedNikhil Bhatia is a mutual person
Forvol International Services LimitedMahesh Chelaram is a mutual person
Forbes Bumi Armada LimitedNikhil Bhatia and Mahesh Chelaram are mutual person
Om Freight Forwarders LimitedParas Savla is a mutual person
Charges (Loans)
Open Charges
₹689.62 Cr
Satisfied Charges
₹691.51 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 380.00 Cr
- Punjab National Bank : 96.80 Cr
- Export-Import Bank Of India : 63.35 Cr
- Idbi Bank Limited : 31.00 Cr
- Export -Import Bank Of India : 24.00 Cr
- Others : 94.46 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Nov 2024 | Standard Chartered Bank | ₹2.90 M | Open |
| 02 Sep 2024 | Idbi Trusteeship Services Limited | ₹380.00 Cr | Open |
| 19 Aug 2024 | Others | ₹1.18 Cr | Open |
| 18 Aug 2023 | Others | ₹1.20 Cr | Open |
| 07 Dec 2021 | Others | ₹0.10 M | Open |
How Many Employees Work at Forbes & Company?
Forbes & Company has a workforce of 137 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Forbes & Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Forbes & Company's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Forbes & Company
Recent activity within the organization
- Charges
A charge with Standard Chartered Bank amounted to Rs. 0.29 Cr with Charge ID 101018091 was registered on 25 Nov 2024.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 380.00 Cr registered on 02 Sep 2024 with Charge ID 100972895 was modified on 26 Sep 2024.
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 380.00 Cr with Charge ID 100972895 was registered on 02 Sep 2024.
- Director Appointment
Bapsy Faroukh Dastur was appointed as a Director was appointed as a Director on 01 Sep 2024 & has been associated with this company since 7 months 13 days .
- Annual General Meeting
Forbes & Company Limited last Annual general meeting of members was held on 29 Aug 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 1.18 Cr with Charge ID 100974954 was registered on 19 Aug 2024.
Recent News, Updates & Announcement
- Forbes & Co. shutters container shipping unit in Singapore | Mint.
Forbes Container Line has quietly shut its business without returning leased containers and settling outstanding dues of as much as $20 million.
Frequently asked questions
What is the Incorporation or founding date of Forbes & Company Limited?
Forbes & Company Limited was incorporated on 18 Nov 1919.
What is authorized share capital and paid-up capital of Forbes & Company Limited?
The authorized share capital of Forbes & Company Limited is ₹ 43.05 Cr and paid-up capital is ₹ 12.90 Cr.
Who are the current board members & directors of Forbes & Company Limited?
Currently 8 directors are associated with Forbes & Company Limited.
- Nikhil Jaysinh Bhatia
- Paras Khimji Savla
- Mahesh Tahilyani Chelaram
- Ravinder Chander Prem
- Bapsy Faroukh Dastur
- Pritesh Kishore Jhaveri
- Nirmal Chandmal Jagawat
- Jai Laxmikant Mavani
What is the registered address of Forbes & Company Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Forbes & Company Limited is Forbes Building Charanjit Rai Marg, Fort India, Mumbai, Maharashtra, 400001.
What is the corporate identification number (CIN) and company number of Forbes & Company Limited?
The corporate identification number (CIN) of Forbes & Company Limited is L17110MH1919PLC000628 and the company number is 000628 as per Ministry of Corporate Affairs (MCA).
Is Forbes & Company Limited registered with any stock exchange in India?
Yes, Forbes & Company Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Forbes & Company Limited?
The Official website of Forbes & Company Limited is https://www.forbes.co.in
What has been the recent revenue trend for Forbes & Company Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Forbes & Company Limited has risen by 85.63%.
How many employees does Forbes & Company Limited currently have?
As Per 2023 financial reports, 137 employees are currently employed by Forbes & Company Limited.
What change has been observed in the net worth of Forbes & Company Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Forbes & Company Limited has experienced an upsurge of 430.09%.
What are the total open charges for Forbes & Company Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Forbes & Company Limited amount to ₹ 689.62 Cr.
When was the last Balance Sheet of Forbes & Company Limited filed with the ROC?
The most recent Balance Sheet for Forbes & Company Limited was filed with the ROC on 31 Mar 2024.
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