Forbes Technosys Limited

Providing transaction management and automation solutions for various industries through managed services and innovative products.

1991 | Mumbai, Maharashtra (India) | Active
Last Updated:

Forbes Technosys Profile

Key Indicators

  • Authorised Capital ₹ 169.05 Cr
  • Paid Up Capital ₹ 9.49 M
  • Company Age 33 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.42 M
  • Satisfied Charges ₹ 154.65 Cr
  • Revenue Growth -55.36%
  • Profit Growth 67.96%
  • Ebitda 51.67%
  • Net Worth 3.65%
  • Total Assets -52.33%

About Forbes Technosys

Forbes Technosys Limited (FTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 July 1991 and has a history of 33 years and eight months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Wandel And Goltermann And Forbes Private Limited. The Company is engaged in the Financial Services 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 169.05 Cr and a paid-up capital of Rs 9.49 M.

The company currently has active open charges totaling ₹6.42 M. The company has closed loans amounting to ₹154.65 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Forbes Technosys Limited India is Sandeep Kadakia as CFO. Vinod Bhandawat, Rohit Jayakar, and Jai Mavani 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

    U29290MH1991PLC062425

  • Company No.

    062425

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    09 Jul 1991

  • Date of AGM

    23 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

What products or services does Forbes Technosys Limited offer?

Forbes Technosys Limited offers a wide range of products and services, including Laptops, PC, Mainframes & Computers, Kiosk Systems, Software Development & IT Consultant, Integration Support Service, Interactive Kiosks, Retail Kiosks, Corona Test Kit, Coronavirus Testing Booth, Business Planning and Management, Business Consultant.

Who are the key members and board of directors at Forbes Technosys?

Executive Team (2)

NameDesignationAppointment DateStatus
Rohit Jayakar Country flag representing In Managing Director16-Mar-2021Current
Sandeep Kadakia CFO15-Jan-2021Current

Board Members (2)

NameDesignationAppointment DateStatus
Vinod Bhandawat Country flag representing In Director 14-Oct-2019Current
Jai Mavani Country flag representing In Director 03-Nov-2016Current

Financial Performance of Forbes Technosys.

Forbes Technosys Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 55.36% decrease. The company also saw a substantial improvement in profitability, with a 67.96% increase in profit. The company's net worth moved up by a moderate rise of 3.65%.

Forbes Technosys revenue growth over time
Forbes Technosys profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-55.36%
Revenue from Operations
-62.31%
Total Assets
-52.33%
Profit or Loss
67.96%
Net Worth
3.65%
EBITDA
51.67%

What is the Ownership and Shareholding Structure of Forbes Technosys?

In 2021, Forbes Technosys had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.64 Cr

Satisfied Charges

₹154.65 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 0.64 Cr

Latest Charge Details

DateLenderAmountStatus
18 Aug 2023Axis Bank Limited₹6.42 MOpen
18 Aug 2023Others₹5.54 MSatisfied
07 Mar 2019Others₹4.00 CrSatisfied
28 Dec 2016Others₹12.00 CrSatisfied
19 Feb 2016Axis Bank Limited₹20.00 CrSatisfied

How Many Employees Work at Forbes Technosys?

Forbes Technosys has a workforce of 6 employees as of Apr 07, 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.

Employee growth trends for Forbes Technosys Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Forbes Technosys, 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 Technosys's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Technosys

Recent activity within the organization

  • Annual General Meeting

    Forbes Technosys Limited last Annual general meeting of members was held on 23 Aug 2024 as per latest MCA records.

  • Charges

    A charge registered on 18 Aug 2023 via Charge ID 100777641 with Others was fully satisfied on 08 Aug 2024.

  • Balance Sheet

    Forbes Technosys Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 0.64 Cr with Charge ID 100774939 was registered on 18 Aug 2023.

  • Charges

    A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100777641 was registered on 18 Aug 2023.

  • Charges

    A charge registered on 19 Feb 2016 via Charge ID 10625179 with Axis Bank Limited was fully satisfied on 18 Aug 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Forbes Technosys Limited?

    Forbes Technosys Limited was incorporated on 09 Jul 1991.

  • What is authorized share capital and paid-up capital of Forbes Technosys Limited?

    The authorized share capital of Forbes Technosys Limited is ₹ 169.05 Cr and paid-up capital is ₹ 9.49 M.

  • Who are the current board members & directors of Forbes Technosys Limited?

    Currently 4 directors are associated with Forbes Technosys Limited.

    • Vinod Bhandawat
    • Rohit Arun Jayakar
    • Jai Laxmikant Mavani
    • Sandeep Pramodrai Kadakia
  • What is the registered address of Forbes Technosys Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Forbes Technosys Limited is Ground Floor Torana Apartment Sahar Road, Andheri (East) India, Mumbai, Maharashtra, 400099.

  • What is the corporate identification number (CIN) and company number of Forbes Technosys Limited?

    The corporate identification number (CIN) of Forbes Technosys Limited is U29290MH1991PLC062425 and the company number is 062425 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Forbes Technosys Limited?

    The Official website of Forbes Technosys Limited is https://www.forbestechnosys.com

  • What has been the recent revenue trend for Forbes Technosys Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Forbes Technosys Limited has fallen by -55.36%.

  • How many employees does Forbes Technosys Limited currently have?

    As Per 2022 financial reports, 6 employees are currently employed by Forbes Technosys Limited.

  • What change has been observed in the net worth of Forbes Technosys Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Forbes Technosys Limited has experienced an upsurge of 3.65%.

  • What are the total open charges for Forbes Technosys Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Forbes Technosys Limited amount to ₹ 6.42 M.

  • When was the last Balance Sheet of Forbes Technosys Limited filed with the ROC?

    The most recent Balance Sheet for Forbes Technosys Limited was filed with the ROC on 31 Mar 2024.

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