Forbes & Company Limited - Company Profile

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1919.

1919 Mumbai, Maharashtra, India Active

Last Updated: December 21, 2025

About Forbes & Company Limited

Forbes & Company Limited, a active public limited company, was established on 18 November 1919 in Mumbai, Maharashtra, India. Engaging in industrial tools & components within the manufacturing sector, it holds CIN: L17110MH1919PLC000628. Registered under ROC Roc Mumbai. it is listed on BSE: 502865. It has an authorized capital of ₹43.05 Cr and a paid-up capital of ₹12.90 Cr.

Formerly known as The Gokak Mills Ltd, The Gokak Mills Limited. It upholds a compliant status. In 2023, it reported revenue of ₹461.74 Cr and a net worth of ₹206.85 Cr. Employing 137 professional, Its leadership includes Mahesh Tahilyani Chelaram (Director), Bapsy Faroukh Dastur (Director), Nikhil Jaysinh Bhatia (Director). Past directors included Jimmy Jehangir Parakh, Tehmuras Rustom Doongaji, Kamlesh Chander Mehra. It holds ₹687.58 Cr open charges and ₹701.26 Cr settled loans. Its latest AGM occurred on 27 June 2025, with the balance sheet filed on 31 March 2025. It is based at Forbes Building, Charanjit Rai Marg, Fort, Mumbai, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
L17110MH1919PLC000628
Registration Number
000628
Incorporation Date
18 November 1919
Authorized Capital
₹43.05 Cr
Paid-Up Capital
₹12.90 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 502865)
Company Status
Active

Key Metrics

Authorised Capital ₹ 43.05 Cr as on 21-12-2025
Paid Up Capital ₹ 12.90 Cr as on 21-12-2025
Company Age 106 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 687.58 Cr as on 21-12-2025
Satisfied Charges ₹ 701.26 Cr as on 21-12-2025
Revenue Growth **** 85.63% (FY 2023)
Profit Growth **** -94.23% (FY 2023)
Ebitda **** -21.47% (FY 2023)
Net Worth 430.09% (FY 2023)
Total Assets **** 15.47% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Forbes & Company 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 Forbes & Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mahesh Tahilyani Chelaram	Director	01 Apr 2024	Current
Bapsy Faroukh Dastur	Director	01 Sep 2024	Current
Nikhil Jaysinh Bhatia	Director	16 May 2019	Current
Paras Khimji Savla	Director	05 Aug 2024	Current
Pritesh Kishore Jhaveri	Company Secretary	01 Apr 2024	Current
Nirmal Chandmal Jagawat	Whole-Time Director	30 Apr 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	28 Jun 2016	Past
Pramod Abcsdd	Director	04 May 2016	Past
Pramod Abcsdd	Managing Director	31 Mar 2008	Past
Pramod Abcsdd	Managing Director	27 Apr 2016	Past
Pramod Abcsdd	Director	21 Aug 2012	Past
Pramod Abcsdd	Director	24 Aug 2016	Past

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Financial Performance of Forbes & Company.

Forbes & Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 85.63% increase. The company also saw a substantial fall in profitability, with a 94.23% decrease in profit. The company's net worth Soared by an impressive increase of 430.09%.

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

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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

********

85.63%

*******

Revenue from Operations

*******

5.43%

*******

Total Assets

*******

15.47%

*******

Profit or Loss

*******

-94.23%

*******

Net Worth

*******

430.09%

*******

EBITDA

*******

-21.47%

*******

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What is the Ownership and Shareholding Structure of Forbes & Company?

In 2023, Forbes & Company had a promoter holding of 73.85% and a public holding of 26.16%. The company had 6 Subsidiaries, 2 Joint Ventures and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹6,875,830,609.00

Satisfied Charges

₹7,012,642,000.00

Charges Breakdown by Lending Institutions

Idbi Trusteeship Services Limited : 380.00 Cr
Punjab National Bank : 96.80 Cr
Export-Import Bank Of India : 63.35 Cr
Idbi Bank Limited : 35.90 Cr
Export -Import Bank Of India : 24.00 Cr
Others : 87.53 Cr

Latest Charge Details

Date	Lender	Amount	Status
01 Aug 2025	Idbi Bank Limited	₹4.90 Cr	Open
25 Nov 2024	Standard Chartered Bank	₹2.90 M	Open
02 Sep 2024	Idbi Trusteeship Services Limited	₹380.00 Cr	Open
19 Aug 2024	Others	₹4.00 Cr	Open
18 Aug 2023	Others	₹1.20 Cr	Open

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How Many Employees Work at Forbes & Company?

Forbes & Company has a workforce of 137 employees as of Apr 01, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Forbes & Company, 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 Forbes & Company's trajectory.

Rating

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

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 Forbes & Company

Recent Activity within the Organization

Charges

The activity A charge with Others of Rs. 4.00 Cr registered on 19 Aug 2024 with Charge ID 100974954 was modified on 03 Dec 2025. was completed.
03 Dec 2025
Charges

The activity A charge registered on 12 Jul 2019 via Charge ID 100278417 with Others was fully satisfied on 13 Nov 2025. was completed.
13 Nov 2025
Charges

The activity A charge with Idbi Bank Limited amounted to Rs. 4.90 Cr with Charge ID 101143984 was registered on 01 Aug 2025. was completed.
01 Aug 2025
Director Appointment

The activity Pavan Radhesham Somani was appointed as a Cfo was appointed as a Cfo on 23 Jul 2025 & has been associated with this company since 6 months 26 days . was completed.
23 Jul 2025
Annual General Meeting

Forbes & Company Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records. was recorded as a recent event.
27 Jun 2025
Director Appointment

Progress on Nirmal Chandmal Jagawat was appointed as a Whole-time director was appointed as a Whole-time director on 30 Apr 2025 & has been associated with this company since 9 months 18 days . was documented.
30 Apr 2025

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