About Eureka Forbes Ltd
Data last updated:
Eureka Forbes Ltd was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Forbes & Company Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 05 February 1931.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27109MH1931PLC353890. The company has 32 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹28.05 Cr and a paid-up capital of ₹3.78 Cr. It was led by directors including Marzin Roomi Shroff (Managing Director) and Anil Vasudev Kamath.
Its last annual general meeting (AGM) was held on 15 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at B1/B2 701 7th Floor Marathon Innova Off. Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2026, the company reported a revenue of ₹2,732.8 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹162.62 Cr (net margin 6%) and EBITDA of ₹296.58 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company had about 2,379 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 4 subsidiaries and 3 joint ventures.
The company was associated with 1 brand: Eureka Forbes. As per MCA filings, the company had satisfied charges of ₹849.12 Cr on record. Court records list 548 cases involving the company, including 338 filed by the company and 210 filed against it; 91 cases are pending.
The last known website on record is eurekaforbes.com.
Company details
CIN history
Eureka Forbes has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27109MH1931PLC353890, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109MH1931PLC353890 | Current |
| U27109WB1931PLC007010 | Previous |
| L27109WB1931PLC007010 | Previous |
Contact details
Eureka Forbes Ltd's registered office is in Mumbai, Maharashtra. Its website is eurekaforbes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressB1/B2 701 7th Floor Marathon Innova Off. Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Eureka Forbes Ltd, 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
Brands
Eureka Forbes operates one associated brand: Eureka Forbes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Consumer durable products are manufactured and distributed by Eureka Forbes. | eurekaforbes.com |
Business activity
The main business activities of Eureka Forbes are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, repair & installation of machinery & equipment, motor vehicles and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Eureka Forbes Ltd, buy the company report.
Financials of Eureka Forbes Ltd
FY 2021 filings availableEureka Forbes Ltd reported revenue of ₹2,732.8 Cr (up 11% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 11% growth in the latest year. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹296.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹162.62 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 6% | ||||
| 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 Eureka Forbes Ltd, buy the company report.
Board of directors of Eureka Forbes Ltd
Eureka Forbes has 10 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Vasudev Kamath Also directs: Infigo Lifesciences Private Limited | Director | 18 Feb 2015 | 11 Years 8 Months | As last reported |
| Mahesh Chelaram Tahilyani Also directs: Forbes Precision Tools and Machine Parts Limited, Forbes & Company Limited, Next Gen Publishing Private Limited and 3 more | Director | 02 Aug 2017 | 9 Years 3 Months | As last reported |
| Sivanandhan Dhanushkodi Also directs: Forbes Precision Tools and Machine Parts Limited, S D Fine-Chem Limited, Ashok Leyland Defence Systems Limited and 2 more | Director | 05 Dec 2012 | 13 Years 10 Months | As last reported |
| Homi Adi Katgara Also directs: Celerity Enterprises LLP, Eureka Forbes Limited, Inspection and Quality Control Private Limited and 5 more | Director | 05 Dec 2012 | 13 Years 10 Months | As last reported |
| Shankar Krishnan Subramanian | Director | 14 May 2012 | 14 Years 5 Months | As last reported |
| Pallon Mistry | Director | 10 May 2017 | 9 Years 5 Months | As last reported |
Auditor
Eureka Forbes Ltd is audited by Deloitte Haskins & Sells LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2021 | 117366W/W-100018 |
Shareholding
The shareholding of Eureka Forbes Ltd is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eureka Forbes Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2021 | 100464752 | Others | ₹36.6 Cr | Satisfied | |
| 28 Nov 2016 | 100065447 | Others | ₹59.17 Cr | Satisfied | |
| 19 May 2016 | 100030643 | Others | ₹75 Cr | Satisfied | |
| 28 Aug 2014 | 10518930 | The Hongkong and Shanghai Banking Corporation Limited | ₹145 Cr | Satisfied | |
| 07 Feb 2014 | 10481276 | The Hongkong and Shanghai Banking Corporation Limited | ₹118.9 Cr | Satisfied |
To see the full charge records of Eureka Forbes Ltd, buy the company report.
Total charge records: 11 View all charges
Legal cases
Eureka Forbes Ltd has 548 court cases on record: 338 filed by Eureka Forbes, 210 filed against it. 91 cases are pending and 457 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 375 | 165 | 61 |
| High courts | 159 | 40 | 28 |
| Supreme Court | 12 | 5 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 548)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Pournima Water Technology Pvt Ltd and 2 others | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Ms. Pournima Water Technology Pvt. Ltd.Through Rajendra Jayram Bhoir and 2 others | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Bangalore Electricity Supply Company Limited (Bescom) Through Its General Manager (Admin and HR) Cauvery Bhavan, K G Road, ,Bangalore , Karnataka and 4 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by Ion Exacense Private Limited and 3 others | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against Forbes Technovative (P) Limited and 7 others | Disposed |
To see the full case history of Eureka Forbes Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Eureka Forbes Ltd was last rated by Care on 10 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Mar 2022 |
To see the full credit ratings and regulatory alerts of Eureka Forbes Ltd, buy the company report.
MSME payment delays
Eureka Forbes Ltd has 6 MSME Form 1 returns on record between 2019 and 2021, listing 878 overdue payments to 116 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 116)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Vrrddhi Freight Private Limited | |||
| Iksula Services Private Limited | |||
| Skyjet Express & Logistics Private Limited |
To see the full MSME payment records of Eureka Forbes Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Eureka Forbes has 4 subsidiary companies and 3 joint ventures. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Forbes Enviro Solutions Limited | U27310MH2008PLC188478 | |
| Aquaignis Technologies Private Limited | U31908MH2012PTC331823 | |
| Euro Forbes Financial Services Limited | U67190MH2011PLC214424 | |
| Forbes Facility Services Private Limited | U74930MH2004PTC147742 |
To see the full group structure of Eureka Forbes Ltd, buy the company report.
Employees & EPFO
Eureka Forbes Ltd has a workforce of 2,379 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Eureka Forbes has 32 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Eureka Forbes Ltd, buy the company report.
Recent activity
Eureka Forbes Ltd has 28 board changes on record since 2002: 10 appointments and 18 cessations. The latest: Mahesh Tahilyani Chelaram ceased to be Additional Director on 18 Sep 2017.
47 earlier events are in the company report.
News
Frequently asked questions
Eureka Forbes has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Eureka Forbes was a public limited company based in Mumbai, Maharashtra, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 05 February 1931 and is registered under CIN U27109MH1931PLC353890. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Eureka Forbes was incorporated on 05 February 1931. It is registered with the Registrar of Companies, Mumbai.
Eureka Forbes had 10 directors:
- Marzin Roomi Shroff - Managing Director
- Anil Vasudev Kamath - Director
- Mahesh Chelaram Tahilyani - Director
- Sivanandhan Dhanushkodi - Director
- Homi Adi Katgara - Director
- Shankar Krishnan Subramanian - Director
- Pallon Mistry - Director
- Shapoorji Pallonji Mistry - Director
- Indu Ranjit Shahani - Director
- Jai Laxmikant Mavani - Director
The CIN (Corporate Identification Number) of Eureka Forbes is U27109MH1931PLC353890. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Eureka Forbes is at B1B2 701 7th Floor Marathon Innova Off. Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
Eureka Forbes can be reached through the website eurekaforbes.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Eureka Forbes on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 September 2021. Year-wise statements from 2015 are in the company report.
No. Eureka Forbes has 32 GST registrations on record and all of them are cancelled or inactive.
Eureka Forbes operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Eureka Forbes has 6 MSME Form 1 returns on record between 2019 and 2021, listing 878 overdue payments to 116 micro and small suppliers. The latest return was filed on 22 Jul 2021.
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.
