About Forma AI India Private Limited
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Forma AI India Private Limited is a foreign private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 November 2022.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2022FTC215935. Its GSTIN is 27AAFCF2713B1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kyle Sayers Webster and Nabeil Alazzam.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.88 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 12.5%) and EBITDA of ₹1.9 Cr (EBITDA margin 17.5%).
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Forma.ai.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forma.ai.
Company details
Contact details
Forma AI India Private Limited's registered office is in Pune, Maharashtra. Its website is forma.ai. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPanchshil Avenue 2nd Floor S.No.210 Plot No.71, Kalyani Nagar Vadgaon Sheri Road Next To Marigold Complex, Pune, Maharashtra, India – 411006
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Forma AI India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Forma AI India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Forma AI India Private Limited, buy the company report.
Financials of Forma AI India Private Limited
FY 2025 filings availableForma AI India Private Limited reported revenue of ₹10.88 Cr (up 740% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 740% in the latest year. EBITDA rose 756% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹1.9 Cr | |
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| Net Profit (PAT) | ₹1.36 Cr | |
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
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| Profitability | ||
| EBITDA Margin | 17.5% | |
| Net Profit Margin | 12.5% | |
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To see the full financial statements and ratios of Forma AI India Private Limited, buy the company report.
Board of directors of Forma AI India Private Limited
Forma AI India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kyle Sayers Webster | Director | 09 Nov 2022 | 3 Years 11 Months | Current |
| Nabeil Alazzam | Director | 09 Nov 2022 | 3 Years 11 Months | Current |
| Paresh Maheshchand Bhandari | Director | 30 Jun 2023 | 3 Years 3 Months | Current |
Peer comparison
Forma AI India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rapidqube Digital Solutions Private Limited | ₹10.89 Cr (FY 2023) | 36.0% | Mumbai, Maharashtra, India | |||
| Ikrux Solutions Private Limited | ₹10.88 Cr (FY 2024) | 79.0% | Bengaluru, Karnataka, India | |||
| MX Information Systems Private Limited | ₹10.88 Cr (FY 2024) | -51.0% | Mumbai, Maharashtra, India | |||
| Jupitice Justice Technologies Private Limited | ₹10.88 Cr (FY 2025) | 284.0% | Chandigarh, India | |||
| Forma AI India Private Limitedthis company | ₹10.88 Cr (FY 2024) | ₹1.36 Cr | 12.5% | 740.0% | 31 | Pune, Maharashtra, India |
| Castus Info Solutions Private Limited | ₹10.88 Cr (FY 2022) | 81.0% | Hyderabad, Telangana, India | |||
| K.D.K Enterprises Private Limited | ₹10.87 Cr (FY 2018) | 18.0% | New Delhi, Delhi, India | |||
| Prakvi Techno Solutions Private Limited | ₹10.87 Cr (FY 2024) | -8.0% | New Delhi, Delhi, India | |||
| Flynet Technologies Private Limited | ₹10.87 Cr (FY 2024) | 5430.0% | Chennai, Tamil Nadu, India | |||
| Jash Data Sciences Private Limited | ₹10.86 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India |
To see the full peer comparison of Forma AI India Private Limited, buy the company report.
Auditor
Forma AI India Private Limited is audited by SURESH SURANA AND ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH SURANA AND ASSOCIATES LLP | FY 2023 | 121750W/W100010 |
Shareholding
The shareholding of Forma AI India Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Forma AI India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forma AI India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forma AI India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Forma AI India Private Limited has a workforce of 31 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Forma AI India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCF2713B1Z6 | Maharashtra | Active | 06 Jun 2023 |
To see the full GST registrations and return filing status of Forma AI India Private Limited, buy the company report.
Recent activity
Forma AI India Private Limited has 5 board changes on record since 2022: 4 appointments and 1 cessation. The latest: Paresh Maheshchand Bhandari was appointed as Director on 30 Jun 2023.
News
Frequently asked questions
Forma AI India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 09 November 2022 (4+ years old) and is registered under CIN U74999PN2022FTC215935.
Forma AI India has 3 current directors:
- Kyle Sayers Webster - Director
- Nabeil Alazzam - Director
- Paresh Maheshchand Bhandari - Director
The latest financial statements of Forma AI India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Forma AI India is 27AAFCF2713B1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Forma AI India is U74999PN2022FTC215935. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forma AI India was incorporated on 09 November 2022, making it 4+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Forma AI India by revenue are Rapidqube Digital Solutions Private Limited, Ikrux Solutions Private Limited, MX Information Systems Private Limited, Jupitice Justice Technologies Private Limited, Castus Info Solutions Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Paresh Maheshchand Bhandari was appointed as Director on 30 Jun 2023. Sudha Chhajed ceased to be Director on 30 Jun 2023. Kyle Sayers Webster was appointed as Director on 09 Nov 2022. Forma AI India has 5 board changes on record in total.
Forma AI India can be reached through the website forma.ai. Its registered office is in Pune, Maharashtra, India.
The registered office of Forma AI India is at Panchshil Avenue 2nd Floor S.No.210 Plot No.71, Kalyani Nagar Vadgaon Sheri Road Next To Marigold Complex, Pune, Maharashtra, India – 411006.
Forma AI India operates in the information technology industry, in the IT consulting and support services segment.