Forbes Technosys Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1991.
1991 Mumbai, Maharashtra, India Under Cirp
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About Forbes Technosys Limited

Forbes Technosys Limited, a under cirp public limited company, was established on 09 July 1991 in Mumbai, Maharashtra, India. Engaging in digital payment solutions within the manufacturing sector, it holds CIN: U29290MH1991PLC062425. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹169.05 Cr and a paid-up capital of ₹9.49 M.

Formerly known as Wandel And Goltermann And Forbes Private Limited, Wandel And Goltermann And Forbes Limited. It upholds a compliant status. Employing 6 professional, Its leadership includes Rakesh Kumar Jindal (Irp/Rp/Liquidator), Vinod Bhandawat (Director), Sandeep Pramodrai Kadakia (Cfo). Past directors included Kamlesh Chander Mehra, Rahul Adeshwar Prasad Jain, Ashok Kumar Barat. It holds ₹6.42 M open charges and ₹154.65 Cr settled loans. Its latest AGM occurred on 23 August 2024, with the balance sheet filed on 31 March 2024. It is based at Ground Floor, Torana Apartment, Sahar Road, Andheri (East), Mumbai, Maharashtra, 400099.

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

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U29290MH1991PLC062425

  • Registration Number

    062425

  • Incorporation Date

    09 July 1991

  • Authorized Capital

    ₹169.05 Cr

  • Paid-Up Capital

    ₹9.49 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Under Cirp

Key Metrics
  • Authorised Capital ₹ 169.05 Cr
  • Paid Up Capital ₹ 9.49 M
  • Company Age 34 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.42 M
  • Satisfied Charges ₹ 154.65 Cr
  • Revenue Growth **** -55.36%
  • Profit Growth **** 67.96%
  • Ebitda **** 51.67%
  • Net Worth 3.65%
  • Total Assets -52.33%
Company report

Forbes Technosys Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Forbes Technosys 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 Technosys Limited?
Current Directors
Name Designation Appointment Date Status
Rakesh Kumar Jindal Irp/Rp/Liquidator 09 Jun 2025 Current
Vinod Bhandawat Director 14 Oct 2019 Current
Sandeep Pramodrai Kadakia Cfo 15 Jan 2021 Current
Rohit Arun Jayakar Managing Director 16 Mar 2021 Current
Jai Laxmikant Mavani Director 03 Nov 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Jul 2007 Past
Pramod Abcsdd Director 04 Sep 2009 Past
Pramod Abcsdd Director 19 Sep 2016 Past
Pramod Abcsdd Whole-Time Director 30 Nov 2018 Past
Pramod Abcsdd Additional Director 26 Feb 2019 Past
Pramod Abcsdd Director 16 Mar 2023 Past

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Financial Performance of Forbes Technosys.

Forbes Technosys Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 55.36% decrease. The company also saw a substantial improvement in profitability, with a 67.96% increase in profit. The company's net worth moved up by a moderate rise of 3.65%.

Forbes Technosys revenue growth over time
Forbes Technosys 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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 -55.36%
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Revenue from Operations
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 -62.31%
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Total Assets
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 -52.33%
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Profit or Loss
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 67.96%
*******
*******
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Net Worth
*******
 3.65%
*******
*******
*******
*******
EBITDA
*******
 51.67%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Forbes Technosys?

In 2021, Forbes Technosys had a promoter holding of 100.00%. 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

₹6,424,791.00

Satisfied Charges

₹1,546,540,151.00

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 0.64 Cr
Latest Charge Details
Date Lender Amount Status
18 Aug 2023 Axis Bank Limited ₹6.42 M Open
18 Aug 2023 Others ₹5.54 M Satisfied
07 Mar 2019 Others ₹4.00 Cr Satisfied
28 Dec 2016 Others ₹12.00 Cr Satisfied
19 Feb 2016 Axis Bank Limited ₹20.00 Cr Satisfied

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How Many Employees Work at Forbes Technosys?

Forbes Technosys has a workforce of 6 employees as of Apr 07, 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 Forbes Technosys, 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 Technosys'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 Forbes Technosys
Recent Activity within the Organization
  • Director Appointment

    The activity Rakesh Kumar Jindal was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 09 Jun 2025 & has been associated with this company since 8 months 18 days . was completed.

  • Annual General Meeting

    Forbes Technosys Limited last Annual general meeting of members was held on 23 Aug 2024 as per latest MCA records. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 18 Aug 2023 via Charge ID 100777641 with Others was fully satisfied on 08 Aug 2024. was documented.

  • Balance Sheet

    The activity Forbes Technosys Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    The activity A charge with Axis Bank Limited amounted to Rs. 0.64 Cr with Charge ID 100774939 was registered on 18 Aug 2023. was completed.

  • Charges

    The activity A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100777641 was registered on 18 Aug 2023. was completed.

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Frequently Asked Questions
What is the CIN of Forbes Technosys Limited?

The CIN of Forbes Technosys Limited is U29290MH1991PLC062425.

Where is Forbes Technosys Limited headquartered?

Forbes Technosys Limited is headquartered at Ground Floor, Torana Apartment, Sahar Road, Andheri (East), Mumbai, Maharashtra, 400099.

When was Forbes Technosys Limited incorporated?

Forbes Technosys Limited was incorporated on 09 July 1991.

Who are the current directors of Forbes Technosys Limited?

The current directors of Forbes Technosys Limited are

What is the primary industry of Forbes Technosys Limited?

The primary industry of Forbes Technosys Limited is Manufacturing.

Is Forbes Technosys Limited a listed company?

Forbes Technosys Limited is unlisted.

What is the capital structure of Forbes Technosys Limited?

The authorized capital of Forbes Technosys Limited is ₹169.05 Cr, and the paid-up capital is ₹9.49 M.

What is the compliance status of Forbes Technosys Limited?

The compliance status of Forbes Technosys Limited is Compliant.

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