About Forbes Marshall Private Limited
Data last updated:
Forbes Marshall Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial control valves and systems segment of the machinery and industrial equipment sector. It was incorporated on 18 October 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28996PN1985PTC037806. Its GSTIN is 07AAACF2630E1Z7 (Delhi). The company holds 17 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹18.4 Cr and a paid-up capital of ₹1.86 Cr. It was formerly known as Forbesons Engineers Private Limited. It is led by directors including Satyadeo Sharadchandra Purohit (Whole-Time Director) and Dattatray Keshav Kuvalekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Opp 106th Milestone Cts No. 2220 Mumbai – Pune Road Kasarwadi, Maharashtra, India – 411034.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,439.53 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹152.89 Cr (net margin 10.6%) and EBITDA of ₹220.64 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.
The company has about 1,840 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Forbes Marshall. As per MCA filings, the company has open charges of ₹285.07 Cr and satisfied charges of ₹162.27 Cr on record. Court records list 63 cases involving the company, including 50 filed by the company and 14 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forbesmarshall.com.
Company details
CIN history
Forbes Marshall has one previous CIN (Corporate Identification Number): U28996MH1985PTC037806. The current CIN is U28996PN1985PTC037806, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28996PN1985PTC037806 | Current |
| U28996MH1985PTC037806 | Previous |
Contact details
Forbes Marshall Private Limited's registered office is in Pune, Maharashtra. Its website is forbesmarshall.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOpp 106th Milestone Cts No. 2220 Mumbai – Pune Road Kasarwadi, Maharashtra, India – 411034
- IndustryMachinery and Equipment, Industrial Control Valves & Systems
To see the full contact details of Forbes Marshall Private 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
Forbes Marshall operates one associated brand: Forbes Marshall. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy conservation and automation solutions are provided for industrial processes. | forbesmarshall.com |
Business activity
The main business activity of Forbes Marshall is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Forbes Marshall Private Limited, buy the company report.
Financials of Forbes Marshall Private Limited
FY 2025 filings availableForbes Marshall Private Limited reported revenue of ₹1,439.53 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 2% growth in the latest year. EBITDA fell 19% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹220.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹152.89 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 10.6% | ||||
| 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 Forbes Marshall Private Limited, buy the company report.
Board of directors of Forbes Marshall Private Limited
Forbes Marshall has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viraf S Pudumjee | Director | 05 Sep 2013 | 13 Years 1 Months | Current |
| Satyadeo Sharadchandra Purohit Also directs: Forbes Marshall Technology Private Limited | Whole-Time Director | 11 May 2018 | 8 Years 5 Months | Current |
| Dattatray Keshav Kuvalekar | Whole-Time Director | 14 Sep 2018 | 8 Years 1 Months | Current |
| Rati Farhad Forbes Also directs: Edelgive Foundation, Centre for Advancement of Philanthropy., Leadership for Skilled Education Foundation and 1 more | Director | 10 Mar 1989 | 37 Years 7 Months | Current |
| Farhad Darius Forbes Also directs: J N Marshall Private Limited, Forbes Marshall (Hyd) Private Limited, Forbes Marshall Arca Private Limited and 5 more | Director | 18 Oct 1985 | 41 Years 0 Months | Current |
| Naushad Darius Forbes Also directs: J N Marshall Private Limited, Forbes Marshall (Hyd) Private Limited, Forbes Marshall Arca Private Limited and 5 more | Director | 18 Oct 1985 | 41 Years 0 Months | Current |
Auditor
Forbes Marshall Private Limited is audited by FORD RHODES PARKS & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FORD RHODES PARKS & CO. LLP | FY 2023 | 102860W/W100089 |
Shareholding
The shareholding of Forbes Marshall Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forbes Marshall Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2025 | 101177173 | Others | ₹30 Cr | Open | |
| 29 Oct 2020 | 100385461 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 02 Jun 2017 | 100106532 | Standard Chartered Bank | ₹30 Cr | Open | |
| 30 Mar 2002 | 80001963 | Others | ₹185 Cr | Open | |
| 28 Oct 1992 | 80037071 | Anz Grindlays Bank | ₹5.32 Lakh | Open |
To see the full charge records of Forbes Marshall Private Limited, buy the company report.
Total charge records: 28 View all charges
Legal cases
Forbes Marshall Private Limited has 63 court cases on record: 50 filed by Forbes Marshall, 14 filed against it. 8 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 9 | 6 |
| High courts | 19 | 5 | 2 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against M/S Pennar Industries Limited | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against The Managing Diretor M/S Enviro Pure Aqua Systems Pvt Ltd | Pending |
| District court, West Tripura, Tripura | Commercial suit | Filed against the company by Maximus Rubber Industries Pvt Ltd. | Disposed |
| District court, West Tripura, Tripura | Civil miscellaneous application | Filed by the company against Maximus Rubber Industries Pvt. Ltd. and Another | Disposed |
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against Volfram Systems India Pvt.Ltd. Etc and 2 others | Disposed |
To see the full case history of Forbes Marshall Private 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.
Credit ratings & regulatory alerts
Forbes Marshall Private Limited was last rated by Crisil on 21 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Aug 2020 |
To see the full credit ratings and regulatory alerts of Forbes Marshall Private Limited, buy the company report.
MSME payment delays
Forbes Marshall Private Limited has 77 MSME Form 1 returns on record between 2011 and 2024, listing 3,246 overdue payments to 559 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 559)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Leo Surface Coatings Private Limited | |||
| an individual supplier | |||
| Trail Blazer Tours India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Forbes Marshall Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Forbes Marshall has 4 subsidiary companies and 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Forbes Marshall (Hyd) Private Limited | U24111TG1991PTC013030 | |
| Gold Coin Maritronics Private Limited | U74899PN1981PTC192699 | |
| Forbes Solar Private Limited | U74900PN2012PTC142888 | |
| Forbes Healthcare Foundation | U74900PN2015NPL155865 |
To see the full group structure of Forbes Marshall Private Limited, buy the company report.
Employees & EPFO
Forbes Marshall Private Limited has a workforce of 1,840 employees on its EPFO records as of May 07, 2024, across 1 active EPFO establishment.
GST
Forbes Marshall has 17 GST registrations: 15 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF2630E1Z7 | Delhi | Active | 01 Jul 2017 |
| 09AAACF2630E1Z3 | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAACF2630E1ZB | Gujarat | Active | 01 Jul 2017 |
| 27AAACF2630E1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Forbes Marshall Private Limited, buy the company report.
Recent activity
Forbes Marshall Private Limited has 27 board changes on record since 1985: 18 appointments and 9 cessations. The latest: Dharmesh Niranjan Thaker was appointed as Director on 29 Apr 2024.
78 earlier events are in the company report.
Frequently asked questions
Forbes Marshall is an active private limited company based in Pune, Maharashtra, India. The company works in industrial control valves and systems, within the machinery and equipment industry. It was incorporated on 18 October 1985 (41+ years old) and is registered under CIN U28996PN1985PTC037806.
Forbes Marshall has 9 current directors:
- Satyadeo Sharadchandra Purohit - Whole-Time Director
- Dattatray Keshav Kuvalekar - Whole-Time Director
- Viraf S Pudumjee - Director
- Rati Farhad Forbes - Director
- Farhad Darius Forbes - Director
- Naushad Darius Forbes - Director
- Kiran Surajbansi Vohra - Director
- Dharmesh Niranjan Thaker - Director
- Mehul Shashikant Vaidya - Director
The latest financial statements of Forbes Marshall on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Forbes Marshall is 07AAACF2630E1Z7, registered in Delhi. The company has 17 GST registrations in all, of which 15 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACF2630E1Z3 (Uttar Pradesh), 24AAACF2630E1ZB (Gujarat), 27AAACF2630E1Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Forbes Marshall is U28996PN1985PTC037806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forbes Marshall has 63 court cases on record: 50 filed by the company and 14 filed against it. 8 are pending. Most are in the district courts.
Forbes Marshall was incorporated on 18 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Pune.
Dharmesh Niranjan Thaker was appointed as Director on 29 Apr 2024. Mehul Shashikant Vaidya was appointed as Director on 29 Apr 2024. Jehangir Ardeshir ceased to be Director on 12 Mar 2024. Forbes Marshall has 27 board changes on record in total.
Forbes Marshall has 77 MSME Form 1 returns on record between 2011 and 2024, listing 3,246 overdue payments to 559 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Forbes Marshall can be reached through the website forbesmarshall.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Forbes Marshall is at Opp 106th Milestone Cts No. 2220 Mumbai – Pune Road Kasarwadi, Maharashtra, India – 411034.
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.
