Fomento Resources Private Limited - Company Profile

It is a metals and minerals private limited company based in Panaji, Goa, India, established in 2010.
2010 Panaji, Goa, India Active
Last Updated:
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About Fomento Resources Private Limited

Fomento Resources Private Limited, a active private limited company, was established on 08 July 2010 in Panaji, Goa, India. Engaging in metal retail & distribution within the mining and quarrying sector, it holds CIN: U13209GA2010PTC006440. Registered under ROC Roc Goa. it is unlisted. It has an authorized capital of ₹1.60 M and a paid-up capital of ₹0.24 M.

It upholds a compliant status. Employing 34 professional, Its leadership includes Shafeeq Ismail Mitha (Director), Rajiv Kumar (Director), Shankar Narayan (Director). Past directors included Kaustubh Vinayak Sawkar, Dileep Anant Verlekar, Francisco Lume Pereira. It holds ₹1,141.43 Cr open charges and ₹1,356.06 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa, 403001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U13209GA2010PTC006440

  • Registration Number

    006440

  • Incorporation Date

    08 July 2010

  • Authorized Capital

    ₹1.60 M

  • Paid-Up Capital

    ₹0.24 M

  • ROC Code

    Roc Goa

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.60 M
  • Paid Up Capital ₹ 0.24 M
  • Company Age 15 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,141.43 Cr
  • Satisfied Charges ₹ 1,356.06 Cr
  • Revenue Growth **** -34.12%
  • Profit Growth **** -767.05%
  • Ebitda **** -70.97%
  • Net Worth -37.01%
  • Total Assets -26.34%
Company report

Fomento Resources Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Fomento Resources Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Fomento Resources Private Limited?
Current Directors
Name Designation Appointment Date Status
Shafeeq Ismail Mitha Director 15 Jan 2018 Current
Rajiv Kumar Director 01 Feb 2023 Current
Shankar Narayan Director 30 Apr 2019 Current
Ambar Auduth Timblo Director 08 Jul 2010 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 01 Jan 2020 Past
Pramod Abcsdd Director 16 Jan 2018 Past
Pramod Abcsdd Director 27 Dec 2016 Past
Pramod Abcsdd Additional Director 29 Sep 2018 Past
Pramod Abcsdd Additional Director 29 Sep 2023 Past
Pramod Abcsdd Director 21 Apr 2016 Past

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Financial Performance of Fomento Resources.

Fomento Resources Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.12% decrease. The company also saw a substantial fall in profitability, with a 767.05% decrease in profit. The company's net worth observed a substantial decline by a decrease of 37.01%.

Fomento Resources revenue growth over time
Fomento Resources profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -34.12%
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Revenue from Operations
*******
 -36.85%
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Total Assets
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 -26.34%
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*******
Profit or Loss
*******
 -767.05%
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*******
*******
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Net Worth
*******
 -37.01%
*******
*******
*******
*******
EBITDA
*******
 -70.97%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Fomento Resources?

In 2023, Fomento Resources had a promoter holding of 89.47% and a public holding of 10.53%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹11,414,343,820.00

Satisfied Charges

₹13,560,629,800.00

Charges Breakdown by Lending Institutions
  • Others : 925.00 Cr
  • Hdfc Bank Limited : 166.43 Cr
  • Yes Bank Limited : 50.00 Cr
Latest Charge Details
Date Lender Amount Status
29 Apr 2025 Hdfc Bank Limited ₹2.43 Cr Open
19 Feb 2025 Yes Bank Limited ₹50.00 Cr Open
07 Nov 2024 Others ₹30.00 Cr Open
27 Sep 2024 Others ₹145.00 Cr Open
17 Oct 2023 Others ₹690.00 Cr Open

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How Many Employees Work at Fomento Resources?

Fomento Resources has a workforce of 34 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fomento Resources, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Fomento Resources's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Fomento Resources
Recent Activity within the Organization
  • Charges

    Progress on A charge with Yes Bank Limited of Rs. 500.00 M registered on 19 Feb 2025 with Charge ID 101060223 was modified on 01 Jul 2025. was documented.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 1,140.00 M registered on 24 Mar 2015 with Charge ID 10561184 was modified on 01 Jul 2025. was recorded as a recent event.

  • Charges

    The activity A charge registered on 12 Jan 2016 via Charge ID 10616264 with Hdfc Bank Limited was fully satisfied on 27 Jun 2025. was completed.

  • Charges

    A charge registered on 20 Oct 2020 via Charge ID 100381038 with Hdfc Bank Limited was fully satisfied on 02 May 2025. was recorded as a recent event.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 24.34 M with Charge ID 101113096 was registered on 29 Apr 2025. was recorded as a recent event.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 1,140.00 M registered on 20 Oct 2020 with Charge ID 100381038 was modified on 11 Apr 2025. was documented.

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Frequently Asked Questions
What is the CIN of Fomento Resources Private Limited?

The CIN of Fomento Resources Private Limited is U13209GA2010PTC006440.

Where is Fomento Resources Private Limited headquartered?

Fomento Resources Private Limited is headquartered at 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa, 403001.

When was Fomento Resources Private Limited incorporated?

Fomento Resources Private Limited was incorporated on 08 July 2010.

Who are the current directors of Fomento Resources Private Limited?

The current directors of Fomento Resources Private Limited are

What is the primary industry of Fomento Resources Private Limited?

The primary industry of Fomento Resources Private Limited is Mining And Quarrying.

Is Fomento Resources Private Limited a listed company?

Fomento Resources Private Limited is unlisted.

What is the capital structure of Fomento Resources Private Limited?

The authorized capital of Fomento Resources Private Limited is ₹1.60 M, and the paid-up capital is ₹0.24 M.

What is the compliance status of Fomento Resources Private Limited?

The compliance status of Fomento Resources Private Limited is Compliant.

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