Fores Elastomech India Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 8.29 M
- Company Age 19 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 87.33 Cr
- Satisfied Charges ₹ 27.23 Cr
- Revenue Growth 55.51%
- Profit Growth 121.89%
- Ebitda 19.01%
- Net Worth 0.81%
- Total Assets 18.39%
About Fores Elastomech India
Fores Elastomech India Private Limited (FEIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 November 2005 and has a history of 19 years and two months. Its registered office is in Aurangabad, Maharashtra, India.
The Corporate was formerly known as Varroc Elastomers Private Limited. 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 1.00 Cr and a paid-up capital of Rs 8.29 M.
The company currently has active open charges totaling ₹87.33 Cr. The company has closed loans amounting to ₹27.23 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Fores Elastomech India Private Limited India is Srikanth Pothapragada as CEO. Sridevi Pothapragada, Swarnalata Atchutanaga, Srikanth Pothapragada, and Two other members serve as directors at the Company.
Company Details
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Location
Aurangabad, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U29190MH2005PTC157474
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Company No.
157474
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Nov 2005
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Fores Elastomech India?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Janardana Pothapragada
|
Managing Director | 22-Nov-2005 | Current |
| Srikanth Pothapragada | CEO | 30-Aug-2014 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Srikanth Pothapragada
|
Whole-Time Director | 30-Aug-2014 | Current |
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Sridevi Pothapragada
|
Director | 01-Sep-2018 | Current |
|
Swarnalata Atchutanaga
|
Director | 01-Sep-2018 | Current |
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Aniruddha Kulkarni
|
Director | 15-Dec-2023 | Current |
Financial Performance of Fores Elastomech India.
Fores Elastomech India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 55.51% increase. The company also saw a substantial improvement in profitability, with a 121.89% increase in profit. The company's net worth moved up by a moderate rise of 0.81%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Fores Elastomech India?
In 2021, Fores Elastomech India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Dinfoka Consulting Private LimitedSridevi Pothapragada, Swarnalata Atchutanaga and 1 more are mutual person
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Fores Gummitech Private Limited
Srikanth Pothapragada and Janardana Pothapragada are mutual person
Charges (Loans)
₹87.33 Cr
₹27.23 Cr
Charges Breakdown by Lending Institutions
- Others : 86.58 Cr
- The Saraswat Co-Operative Bank Ltd. : 0.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2024 | Others | ₹9.95 Cr | Open |
| 04 Mar 2024 | Others | ₹7.92 Cr | Open |
| 11 Aug 2023 | Others | ₹2.39 Cr | Open |
| 08 Jun 2023 | Others | ₹6.00 Cr | Open |
| 19 Aug 2022 | Others | ₹7.65 Cr | Open |
How Many Employees Work at Fores Elastomech India?
Fores Elastomech India has a workforce of 177 employees as of Apr 10, 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 Fores Elastomech India, 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 Fores Elastomech India'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.
