About Formands Private Limited
Data last updated:
Formands Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 21 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31904MH2021PTC367877. Its GSTIN is 27AAECF7343N1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Foram Nehal Shah (Whole-Time Director) and Nehal Dilipkumar Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1504 Oberoi Park View – A Thakur Village Road Near Thakur Cinema, Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.67 Lakh. For the same year it recorded a net loss of ₹2.6 Lakh (net margin -70.8%) and EBITDA of ₹2.05 Lakh (EBITDA margin 56%).
The company has 1 deal on record (1 funding round); the latest was in November 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hestiaappliances.com.
Company details
Contact details
Formands Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1504 Oberoi Park View – A Thakur Village Road Near Thakur Cinema, Mumbai, Maharashtra, India – 400101
- IndustryElectrnoics, Electrical Equipment, Manufacturing, Magnetic
To see the full contact details of Formands 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 Formands is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Formands Private Limited, buy the company report.
Financials of Formands Private Limited
FY 2025 filings availableFormands Private Limited reported revenue of ₹3.67 Lakh for FY 2022.
Financial Statement Summary
| Metrics | FY 2021-22 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹3.67 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.05 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹2.6 Lakh |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
| Short-term Borrowings | |
| Trade Payables | |
| Total Liabilities | |
| Fixed Assets | |
| Investments | |
| Inventories | |
| Trade Receivables | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2021-22 |
|---|---|
| Profitability | |
| EBITDA Margin | 56% |
| Net Profit Margin | -70.8% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
| Debt-to-Equity Ratio | |
| Interest Coverage Ratio | |
| Efficiency and Growth | |
| Asset Turnover | |
| Receivable Days | |
| Payable Days | |
| Inventory Days | |
| Revenue Growth | |
| Net Profit Growth | |
To see the full financial statements and ratios of Formands Private Limited, buy the company report.
Board of directors of Formands Private Limited
Formands has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Foram Nehal Shah | Whole-Time Director | 21 Sep 2021 | 5 Years 1 Months | Current |
| Nehal Dilipkumar Shah | Whole-Time Director | 21 Sep 2021 | 5 Years 1 Months | Current |
Deals & funding
Formands Private Limited has 1 deal on record (1 funding round); the latest was in November 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round | Undisclosed | Investors: Upscalio India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Formands 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 Formands Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Formands has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECF7343N1Z6 | Maharashtra | Active | 07 Oct 2021 |
To see the full GST registrations and return filing status of Formands Private Limited, buy the company report.
Recent activity
Formands Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Foram Nehal Shah was appointed as Whole-Time Director on 21 Sep 2021.
Frequently asked questions
Formands is an active private limited company based in Mumbai, Maharashtra, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 21 September 2021 (5+ years old) and is registered under CIN U31904MH2021PTC367877.
Formands has 2 current directors:
- Foram Nehal Shah - Whole-Time Director
- Nehal Dilipkumar Shah - Whole-Time Director
The latest financial statements of Formands on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Formands is 27AAECF7343N1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Formands is U31904MH2021PTC367877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formands was incorporated on 21 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Formands has 1 deal on record (1 funding round); the latest was in November 2021.
Foram Nehal Shah was appointed as Whole-Time Director on 21 Sep 2021. Nehal Dilipkumar Shah was appointed as Whole-Time Director on 21 Sep 2021.
Formands can be reached through the website hestiaappliances.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Formands is at 1504 Oberoi Park View – A Thakur Village Road Near Thakur Cinema, Mumbai, Maharashtra, India – 400101.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
