About Eureka Forbes
Eureka Forbes is a company based in Mumbai (India) founded in 1982 was acquired by Advent International in September 2021.. The company has 2,730 employees as of March 31, 2024. Eureka Forbes offers products and services including Aquaguard Ritz Pro, Forbes SmartClean Nuo, and Forbes 355 Surround. Eureka Forbes operates in a competitive market with competitors including World of Circular Economy, GAS LAB, Calculus Carbon, PanLys Biosecurity Solutions and GTS Enviro India, among others.
- Headquarter Mumbai, India
- Employees 2730 as on 31 Mar, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eureka Forbes Limited
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Annual Revenue
$284.7 M (USD)11.31as on Mar 31, 2024
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Net Profit
$19.16 M (USD)71.9as on Mar 31, 2024
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EBITDA
$31.19 M (USD)34.05as on Mar 31, 2024
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Latest Funding Round
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Investors
European Union
& 1 more
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Employee Count
2730
as on Mar 31, 2024
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Acquired by
Advent International
(Sep 17, 2021)
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IPO & Listings of Eureka Forbes
Eureka Forbes is a publicly listed company on the NSE with ticker symbol EUREKAFORB in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Eureka Forbes
Eureka Forbes offers a comprehensive portfolio of products and services, including Aquaguard Ritz Pro, Forbes SmartClean Nuo, and Forbes 355 Surround. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Smart water purifier with app-based monitoring and advanced filtration.
Robotic device for automated home cleaning with hypersuction technology.
Air purifier offering 360-degree filtration for improved indoor air quality.
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Funding Insights of Eureka Forbes
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Grant - Eureka Forbes | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eureka Forbes
Eureka Forbes has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Advent International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eureka Forbes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Eureka Forbes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eureka Forbes Comparisons
Competitors of Eureka Forbes
Eureka Forbes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as World of Circular Economy, GAS LAB, Calculus Carbon, PanLys Biosecurity Solutions and GTS Enviro India, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers consulting services for carbon emission reduction and circular economy solutions.
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| domain | founded_year | HQ Location |
Delivers services for CO2, N2O, and biogas solutions.
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| domain | founded_year | HQ Location |
Carbon capturing services are provided to address emissions globally.
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| domain | founded_year | HQ Location |
Water recycling, odour control, and environmental solutions are provided.
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| domain | founded_year | HQ Location |
Engineering firm specializing in pollution control, treatment plants, and waste management systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eureka Forbes
Frequently Asked Questions about Eureka Forbes
When was Eureka Forbes founded?
Eureka Forbes was founded in 1982 and raised its 1st funding round 37 years after it was founded.
Where is Eureka Forbes located?
Eureka Forbes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Eureka Forbes?
Pratik Pota is the current CEO of Eureka Forbes.
How many employees does Eureka Forbes have?
As of Mar 31, 2024, the latest employee count at Eureka Forbes is 2,730.
What is the annual revenue of Eureka Forbes?
Annual revenue of Eureka Forbes is $284.7M as on Mar 31, 2024.
What does Eureka Forbes do?
Eureka Forbes was established in 1982 and is based in Mumbai, India. Operations are focused on the consumer durables sector, where household appliances and related items are produced and supplied. Services are delivered nationwide through retail and online channels via the domain eurekaforbes.com. The company is led by Pratik Pota as CEO and Managing Director, with activities centered in the Indian market.
Who are the top competitors of Eureka Forbes?
Eureka Forbes's top competitors include Calculus Carbon, GAS LAB and PanLys Biosecurity Solutions.
What products or services does Eureka Forbes offer?
Eureka Forbes offers Aquaguard Ritz Pro, Forbes SmartClean Nuo, and Forbes 355 Surround.
Is Eureka Forbes publicly traded?
Yes, Eureka Forbes is publicly traded on NSE under the ticker symbol EUREKAFORB.
Who are Eureka Forbes's investors?
Eureka Forbes has 2 investors. Key investors include European Union, and Advent International.
What is Eureka Forbes's ticker symbol?
The ticker symbol of Eureka Forbes is EUREKAFORB on NSE.
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