Force Motors Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 13.18 Cr
- Company Age 66 Year, 5 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 five 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
Industry
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.
Who are the key members and board of directors at Force Motors?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Bohra  | CFO | 16-Jan-2015 | Current |
| Prasan Firodia | Managing Director | 30-Sep-2006 | Current |
| Abhaykumar Firodia | Managing Director | 01-Jul-2002 | Current |
| Mr Deshpande | Company Secretary | 29-May-2023 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mukesh Patel | Director | 13-Aug-2022 | Current |
| Vallabh Bhanshali | Director | 13-Aug-2022 | Current |
| Dattatray Shekatkar | Director | 13-Feb-2019 | Current |
| Sonia Prashar | Director | 28-Sep-2022 | Current |
| Prashant Inamdar | Whole-Time Director | 16-Jan-2015 | Current |
| Arvind Mahajan | Director | 30-Jul-2016 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Suroop Fresh Private LimitedVallabh Bhanshali is a mutual person
Sona Blw Precision Forgings LimitedPrasan Firodia is a mutual person
Nuernbergmesse India Private LimitedSonia Prashar is a mutual person
Desai Brothers LtdMukesh Patel is a mutual person
Gulmohar Greens-Golf And Country Club LimitedMukesh Patel is a mutual person
Force Mtu Power Systems Private LimitedAbhaykumar Firodia, Prasan Firodia and 1 more are mutual person
Charges (Loans)
₹2,178.03 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2024 | Hdfc Bank Limited | ₹300.00 Cr | Open |
| 15 Sep 2023 | State Bank Of India | ₹155.00 Cr | Open |
| 21 Jun 2023 | Others | ₹125.00 Cr | Open |
| 21 Jun 2023 | Others | ₹200.00 Cr | Open |
| 22 Oct 2021 | Hdfc Bank Limited | ₹261.53 Cr | Open |
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.
Deals i
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
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.
