Forward Financial Services Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 2.43 Cr
- Company Age 38 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 24.00 K
- Revenue Growth -73.34%
- Profit Growth -234.08%
- Ebitda -107.56%
- Net Worth -7.55%
- Total Assets -9.54%
About Forward Financial Services
Forward Financial Services Limited (FFSL) is a Public Limited Indian Non-Government Company incorporated in India on 03 April 1986 and has a history of 38 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Forward Management Consultants Pvt Ltd. 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 6.00 Cr and a paid-up capital of Rs 2.43 Cr.
The company currently has active open charges totaling ₹24,000.00.
Jyoti Wagle, Kavita Chakravorty, and Deepak Wagle 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
U65900MH1986PLC039445
-
Company No.
039445
-
Company Classification
Public Limited Indian Non-Government Company
-
Incorporation Date
03 Apr 1986
-
Date of AGM
27 Sep 2024
-
Date of Balance Sheet
31 Mar 2024
-
Listing Status
Unlisted
-
ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Forward Financial Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jyoti Wagle
|
Director | 03-Apr-1986 | Current |
|
Kavita Chakravorty
|
Director | 29-Jan-1997 | Current |
|
Deepak Wagle
|
Director | 03-Apr-1986 | Current |
Financial Performance of Forward Financial Services.
Forward Financial Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 73.34% decrease. The company also saw a substantial fall in profitability, with a 234.08% decrease in profit. The company's net worth dipped by a decrease of 7.55%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Forward Financial Services?
In 2023, Forward Financial Services had a promoter holding of 29.37% and a public holding of 70.63%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Deepjyoti Electronics Private LimitedJyoti Wagle and Deepak Wagle are mutual person
-
Forward Televisions Limited
Jyoti Wagle, Kavita Chakravorty and 1 more are mutual person
-
Forward Securities Limited
Jyoti Wagle, Kavita Chakravorty and 1 more are mutual person
-
Island Share Shoppe Private Limited
Jyoti Wagle and Deepak Wagle are mutual person
-
Hi-Tech Distributors Private Limited
Jyoti Wagle and Deepak Wagle are mutual person
-
Mikado Appliances Private Limited
Jyoti Wagle and Deepak Wagle are mutual person
Charges (Loans)
₹0.00 Cr
₹0
Charges Breakdown by Lending Institutions
- The Saraswat Co-Operative Bank Ltd.; : 0.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jan 1990 | The Saraswat Co-Operative Bank Ltd.; | ₹0.02 M | Open |
How Many Employees Work at Forward Financial Services?
Unlock and access historical data on people associated with Forward Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Forward Financial Services, 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 Forward Financial Services'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.