About Fmi Limited
Data last updated:
Fmi Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 17 November 1964 and has been in existence for over 62 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67100PB1964PLC002568. Its GSTIN is 03AAACF2540H1Z8 (Punjab). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹16.23 Lakh. It was formerly known as Fmi Private Limited and Freeman Sales Pvt Ltd. It is led by directors including Rakesh Nayar (Managing Director) and Ajay Nayar (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 Ferozpur Road Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2024, the company reported a revenue of ₹329.87 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹28.44 Cr (net margin 8.6%) and EBITDA of ₹42.64 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company has about 1,329 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Freemans. As per MCA filings, the company has open charges of ₹28.95 Cr and satisfied charges of ₹30.2 Cr on record. Court records list 57 cases involving the company, including 37 filed by the company and 20 filed against it; 8 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website freemansgroup.com.
Company details
Name history
Fmi has undergone 2 name changes throughout its history. The company was previously known as Fmi Private Limited, and Freeman Sales Pvt Ltd. The current legal name is Fmi Limited.
| Company Name | Status |
|---|---|
| Fmi Limited | Current |
| Fmi Private Limited | Previous |
| Freeman Sales Pvt Ltd | Previous |
CIN history
Fmi has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67100PB1964PLC002568, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100PB1964PLC002568 | Current |
| L29222PB1964PLC002568 | Previous |
| U29222PB1964PLC002568 | Previous |
Contact details
Fmi Limited's registered office is in Ludhiana, Punjab. Its website is freemansgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFerozpur Road Ludhiana, Punjab, India – 141001
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Fmi 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
Brands
Fmi operates one associated brand: FREEMANS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of measuring tools, spirit levels, and industrial supplies in India. | freemansgroup.com |
Financials of Fmi Limited
FY 2025 filings availableFmi Limited reported revenue of ₹329.87 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 9% growth in the latest year. EBITDA rose 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹329.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.44 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 8.6% | ||||
| 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 Fmi Limited, buy the company report.
Board of directors of Fmi Limited
Fmi has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Chander Juneja | Director | 29 Apr 2023 | 3 Years 6 Months | Current |
| Vinod Kumar Gupta | Director | 29 Apr 2023 | 3 Years 6 Months | Current |
| Ajay Nayar | Whole-Time Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Rakesh Nayar | Managing Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Sahil Nayar | Whole-Time Director | 01 Apr 2020 | 6 Years 7 Months | Current |
| Sanchi Taneja Also directs: Vardhman Polytex Ltd | Director | 08 Aug 2023 | 3 Years 3 Months | Current |
Auditor
Fmi Limited is audited by B.D. Bansal & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.D. Bansal & Co. | FY 2024 | 000621N |
Shareholding
The shareholding of Fmi Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fmi Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2026 | 101330120 | Hdfc Bank Limited | ₹2.2 Cr | Open | |
| 28 Jan 2026 | 101239222 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 05 Jul 2025 | 101124050 | Hdfc Bank Limited | ₹1.5 Cr | Open | |
| 29 Nov 2023 | 100824338 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 06 May 2015 | 10568608 | Hdfc Bank Limited | ₹23.65 Cr | Open |
To see the full charge records of Fmi Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Fmi Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fmi Limited has 57 court cases on record: 37 filed by Fmi, 20 filed against it. 8 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 16 | 7 |
| High courts | 16 | 4 | 1 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Midas Touch Metalloys Pvt. Ltd. | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Midas Touch Metalloys Pvt. Ltd. | Disposed |
| District court, Ludhiana, Punjab | Court case (OBJ) | Filed by the company against Green Carriers and Contractors ( Delhi) Pvt. Ltd. | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed by the company against Green Carriers and Contractors (Delhi) Pvt. Ltd. and 3 others | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Jindal Steel and Power Ltd | Disposed |
To see the full case history of Fmi Limited, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fmi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fmi Limited has a workforce of 1,329 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,329 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Fmi Limited, buy the company report.
GST
Fmi has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF2540H1Z8 | Punjab | Active | 01 Jul 2017 |
| 03AAACF2540H2Z7 | Punjab | Active | 05 Apr 2022 |
| 06AAACF2540H2Z1 | Haryana | Active | 18 Sep 2020 |
To see the full GST registrations and return filing status of Fmi Limited, buy the company report.
Recent activity
Fmi Limited has 11 board changes on record since 2007: 6 appointments and 5 cessations. The latest: Sanchi Taneja was appointed as Director on 08 Aug 2023.
27 earlier events are in the company report.
Frequently asked questions
Fmi is an active public limited company based in Ludhiana, Punjab, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 17 November 1964 (62+ years old) and is registered under CIN U67100PB1964PLC002568.
Fmi has 6 current directors:
- Rakesh Nayar - Managing Director
- Ajay Nayar - Whole-Time Director
- Sahil Nayar - Whole-Time Director
- Ramesh Chander Juneja - Director
- Vinod Kumar Gupta - Director
- Sanchi Taneja - Director
The latest financial statements of Fmi 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 2015 are in the company report.
The GSTIN of Fmi is 03AAACF2540H1Z8, registered in Punjab. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAACF2540H2Z7 (Punjab), 06AAACF2540H2Z1 (Haryana).
The CIN (Corporate Identification Number) of Fmi is U67100PB1964PLC002568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fmi has 57 court cases on record: 37 filed by the company and 20 filed against it. 8 are pending. Most are in the district courts.
Fmi was incorporated on 17 November 1964, making it 62+ years old. It is registered with the Registrar of Companies, Chandigarh.
Fmi has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
Sanchi Taneja was appointed as Director on 08 Aug 2023. Naresh Sareen ceased to be Director on 08 May 2023. Nitin Sital ceased to be Director on 08 May 2023. Fmi has 11 board changes on record in total.
Fmi can be reached through the website freemansgroup.com. Its registered office is in Ludhiana, Punjab, India.
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.
