Force Motors Limited

Manufacturer of automotive components, vehicles, and engines for global brands, with international exports.

1958 | Pune, Maharashtra (India) | Active
Last Updated:

Force Motors Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 13.18 Cr
  • Company Age 66 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,178.03 Cr
  • Satisfied Charges ₹ 986.68 Cr
  • Revenue Growth 54.64%
  • Profit Growth 303.82%
  • Ebitda 393.51%
  • Net Worth 8.14%
  • Total Assets 10.02%

About Force Motors

Force Motors Limited (FML) was founded in India on 08 September 1958 and has a glorious history of 66 years and seven months. Its registered office is in Pune, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500033 and on the National Stock Exchange(NSE) under FORCEMOT.

The Corporate was formerly known as Bajaj Tempo Ltd. The Company is engaged in the Automotive 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 20.00 Cr and a paid-up capital of Rs 13.18 Cr.

The company currently has active open charges totaling ₹2,178.03 Cr. The company has closed loans amounting to ₹986.68 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Force Motors Limited India are Sanjay Bohra as CFO and Mr Deshpande as Company Secretary. Abhaykumar Firodia, Prasan Firodia, Mukesh Patel, and Five other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L34102PN1958PLC011172

  • Company No.

    011172

  • Stock Symbol

    BSE : 500033 NSE : FORCEMOT

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Sep 1958

  • Date of AGM

    04 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Pune

Industry

Automotive

What products or services does Force Motors Limited offer?

Force Motors Limited offers a wide range of products and services, including Tractor, Force Tractor, Minibus, Force Traveller, Commercial Vehicles & Three Wheelers, Intermediate and Light Commercial Vehicles, Ambulance and Emergency Vehicle, Force Ambulance, School Bus, Force School Bus.

Company report

Force Motors Limited

Explore comprehensive data for Force Motors Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Force Motors?

Executive Team (4)

NameDesignationAppointment DateStatus
Sanjay Bohra Country flag representing In CFO16-Jan-2015Current
Prasan Firodia Country flag representing In Managing Director30-Sep-2006Current
Abhaykumar Firodia Country flag representing In Managing Director01-Jul-2002Current
Mr Deshpande Country flag representing In Company Secretary29-May-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Mukesh Patel Country flag representing In Director 13-Aug-2022Current
Vallabh Bhanshali Country flag representing In Director 13-Aug-2022Current
Dattatray Shekatkar Country flag representing In Director 13-Feb-2019Current
Sonia Prashar Country flag representing In Director 28-Sep-2022Current
Prashant Inamdar Country flag representing In Whole-Time Director 16-Jan-2015Current
Arvind Mahajan Country flag representing In Director 30-Jul-2016Current

Financial Performance of Force Motors.

Force Motors Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 54.64% increase. The company also saw a substantial improvement in profitability, with a 303.82% increase in profit. The company's net worth moved up by a moderate rise of 8.14%.

Force Motors revenue growth over time
Force Motors 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
54.64%
Revenue from Operations
55.20%
Total Assets
10.02%
Profit or Loss
303.82%
Net Worth
8.14%
EBITDA
393.51%

What is the Ownership and Shareholding Structure of Force Motors?

In 2022, Force Motors had a promoter holding of 61.63% and a public holding of 38.37%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,178.03 Cr

Satisfied Charges

₹986.68 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 1233.03 Cr
  • Others : 485.00 Cr
  • Idbi Trusteeship Services Limited : 190.00 Cr
  • State Bank Of India : 155.00 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 115.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 Jan 2024Hdfc Bank Limited₹300.00 CrOpen
15 Sep 2023State Bank Of India₹155.00 CrOpen
21 Jun 2023Others₹125.00 CrOpen
21 Jun 2023Others₹200.00 CrOpen
22 Oct 2021Hdfc Bank Limited₹261.53 CrOpen

How Many Employees Work at Force Motors?

Force Motors has a workforce of 2952 employees as of Apr 05, 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 Force Motors Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Force Motors, 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 Force Motors'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 Force Motors

Recent activity within the organization

  • Annual General Meeting

    Force Motors Limited last Annual general meeting of members was held on 04 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Force Motors Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 300.00 Cr with Charge ID 100868019 was registered on 29 Jan 2024.

  • Charges

    A charge registered on 02 Nov 2018 via Charge ID 100214902 with Hdfc Bank Limited was fully satisfied on 09 Nov 2023.

  • Charges

    A charge registered on 13 Mar 2006 via Charge ID 80063315 with State Bank Of India was fully satisfied on 21 Sep 2023.

  • Charges

    A charge with State Bank Of India amounted to Rs. 155.00 Cr with Charge ID 100783033 was registered on 15 Sep 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Force Motors Limited?

    Force Motors Limited was incorporated on 08 Sep 1958.

  • What is authorized share capital and paid-up capital of Force Motors Limited?

    The authorized share capital of Force Motors Limited is ₹ 20.00 Cr and paid-up capital is ₹ 13.18 Cr.

  • Who are the current board members & directors of Force Motors Limited?

    Currently 10 directors are associated with Force Motors Limited.

    • Abhaykumar Navalmal Firodia
    • Prasan Abhaykumar Firodia
    • Mukesh Mangalbhai Patel
    • Vallabh Roopchand Bhanshali
    • Dattatray Balajirao Shekatkar
    • Sonia Prashar
    • Prashant Vijay Inamdar
    • Arvind Rajindernth Mahajan
    • Sanjay Kumar Bohra
    • Mr Nikhil Deshpande

  • What is the registered address of Force Motors Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Force Motors Limited is Mumbai Road Akurdi India, Pune, Maharashtra, 411035.

  • What is the corporate identification number (CIN) and company number of Force Motors Limited?

    The corporate identification number (CIN) of Force Motors Limited is L34102PN1958PLC011172 and the company number is 011172 as per Ministry of Corporate Affairs (MCA).

  • Is Force Motors Limited registered with any stock exchange in India?

    Yes, Force Motors Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): FORCEMOT.

  • What is the official website of Force Motors Limited?

    The Official website of Force Motors Limited is https://www.forcemotors.com

  • What has been the recent revenue trend for Force Motors Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Force Motors Limited has risen by 54.64%.

  • How many employees does Force Motors Limited currently have?

    As Per 2023 financial reports, 2952 employees are currently employed by Force Motors Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Force Motors Limited has experienced an upsurge of 8.14%.

  • What are the total open charges for Force Motors Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Force Motors Limited amount to ₹ 2,178.03 Cr.

  • When was the last Balance Sheet of Force Motors Limited filed with the ROC?

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

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