About Forbes Technosys Limited
Data last updated: 19 July 2025
Forbes Technosys Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Forbes & Company Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in digital payment solutions, a part of the broader financial services sector. Incorporated on 09 July 1991, the company has been in operation for over 35 years.
Registered with ROC Mumbai under CIN U29290MH1991PLC062425.
Capital: an authorised share capital of ₹169.05 Cr and a paid-up capital of ₹94.9 Lakh. Formerly known as Wandel and Goltermann and Forbes Private Limited and Wandel and Goltermann and Forbes Limited. It is led by directors including Rakesh Kumar Jindal and Vinod Bhandawat.
Last AGM: 23 August 2024. Financial statements filed for year ended 31 March 2024. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.33 Cr, a decline of 39% compared to the previous year.
The company has a workforce of approximately 6 employees as per the latest available data. It operates as a subsidiary of Forbes & Company Limited.
The company is associated with 1 brand - Forbes Technosys. As per MCA filings, the company has open charges of ₹64.25 Lakh and satisfied charges of ₹154.65 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is forbestechnosys.com.
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EmailLocked
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Registered AddressGround Floor Torana Apartment, Sahar Road Andheri (East), Mumbai, Maharashtra, India – 400099
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IndustryFinancial Services, Digital Payment Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Forbes Technosys Limited
Forbes Technosys Limited has undergone 2 name changes throughout its history. The company was previously known as Wandel And Goltermann And Forbes Private Limited, and Wandel And Goltermann And Forbes Limited. The current legal name is Forbes Technosys Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Forbes Technosys Limited | Current |
| Wandel And Goltermann And Forbes Private Limited | Previous |
| Wandel And Goltermann And Forbes Limited | Previous |
CIN History of Forbes Technosys Limited
Forbes Technosys Limited has one previous CIN (Corporate Identification Number): U29290MH1991PTC062425. The current CIN is U29290MH1991PLC062425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29290MH1991PLC062425 | Current |
| U29290MH1991PTC062425 | Previous |
Associated Brands with Forbes Technosys Limited
Forbes Technosys Limited operates one associated brand: Forbes Technosys. These brands represent Forbes Technosys Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of payment kiosk machines for consumers and businesses | forbestechnosys.com |
Competitors & Alternatives of Forbes Technosys Limited
Brands and companies operating in the same space as Forbes Technosys Limited include iProov, Evrotrust, 1Kosmos and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
iProov
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Biometric solutions for online identity verification are provided. | London, United Kingdom, United Kingdom | 2011 |
Evrotrust
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AI-based identity verification and electronic signing are provided for businesses. | Sofia, Bulgaria, Bulgaria | 2015 |
1Kosmos
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Blockchain-based passwordless authentication is delivered for customers. | Somerset, United States, United States | 2016 |
Nymi
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Biometric authentication is provided via wearable wristband technology. | Toronto, Canada, Canada | 2011 |
IDEMIA
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Provider of biometric and cryptographic solutions for secure transactions and identity | Courbevoie, France, France | 2007 |
Asseco
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Omnichannel banking solutions are provided for internet and mobile platforms. | Rzeszow, Poland, Poland | 1987 |
Berbix
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Digital IDs are authenticated securely by Berbix. | Sacramento, United States, United States | 2018 |
Business Activity of Forbes Technosys Limited
Forbes Technosys Limited is engaged in multiple principal business activities such as trade, support service to organizations, and manufacturing, with detailed activities including retail trading, other support services to organizations, computer, electronic, communication and scientific measuring & control equipment. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details for Forbes Technosys Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Forbes Technosys Limited
Forbes Technosys Limited is audited by Batliboi & Purohit for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Batliboi & Purohit | Locked | Locked | Locked |
Complete auditor history for Forbes Technosys Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors and KMP of Forbes Technosys Limited
Forbes Technosys Limited currently reports 4 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
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Rakesh Kumar Jindal
Also directs:
Efficax Resolution Professionals Private Limited
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Irp/Rp/Liquidator | 09 Jun 2025 | 1 Years 2 Months | As last reported |
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Vinod Bhandawat
Also directs:
Gokak Textiles Limited, Sterling And Wilson Private Limited, Gokak Power & Energy Limited and 3 more
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Director | 14 Oct 2019 | 6 Years 9 Months | As last reported |
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Sandeep Pramodrai Kadakia
Also directs:
Coromandel Garments Limited
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Cfo | 15 Jan 2021 | 5 Years 6 Months | As last reported |
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Rohit Arun Jayakar
Also directs:
Cleverbuilt Llp, S P Fabricators Private Limited, Sp Aluminium Systems Private Limited and 1 more
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Managing Director | 16 Mar 2021 | 5 Years 4 Months | As last reported |
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Jai Laxmikant Mavani
Also directs:
Superbon Advisors Llp, Forbes & Company Limited, Forbes Precision Tools And Machine Parts Limited and 5 more
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Director | 03 Nov 2016 | 9 Years 9 Months | As last reported |
Financials of Forbes Technosys Limited FY 2024 filings available
Forbes Technosys Limited reported revenue of ₹3.33 Cr (down 39.00% YoY) for FY 2024.
Ten-year financial statements for Forbes Technosys Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Forbes Technosys Limited
Shareholding and ownership data for Forbes Technosys Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
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Charges & Borrowings of Forbes Technosys Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Aug 2023 | Axis Bank Limited | ₹64.25 Lakh | Open |
| 18 Aug 2023 | Others | ₹55.4 Lakh | Satisfied |
| 07 Mar 2019 | Others | ₹4 Cr | Satisfied |
| 28 Dec 2016 | Others | ₹12 Cr | Satisfied |
| 19 Feb 2016 | Axis Bank Limited | ₹20 Cr | Satisfied |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Forbes Technosys Limited
Forbes Technosys Limited has a workforce of 6 employees as of Apr 07, 2024.
Employee and EPFO history for Forbes Technosys Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Forbes Technosys Limited
GST registrations and filing compliance for Forbes Technosys Limited
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- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Forbes Technosys Limited
Credit ratings, litigation, and regulatory alerts for Forbes Technosys Limited
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- Rating history
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MSME Payment Delays by Forbes Technosys Limited
MSME payment history for Forbes Technosys Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Forbes Technosys Limited
Corporate group structure for Forbes Technosys Limited
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- Parent company
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MCA Filings & Documents of Forbes Technosys Limited
MCA filings and documents for Forbes Technosys Limited
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- Incorporation documents
- Annual returns and statements
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Recent Activity on Forbes Technosys Limited
Frequently Asked Questions about Forbes Technosys Limited
Forbes Technosys Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Forbes Technosys Limited is a company under insolvency, formerly operating as a public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 09 July 1991 and is registered under CIN U29290MH1991PLC062425. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Forbes Technosys Limited reported revenue of ₹3.33 Cr for FY 2024 (down 39.00% YoY).
The current directors and KMP of Forbes Technosys Limited are:
- Rakesh Kumar Jindal - Irp/Rp/Liquidator
- Vinod Bhandawat - Director
- Sandeep Pramodrai Kadakia - Cfo
- Rohit Arun Jayakar - Managing Director
- Jai Laxmikant Mavani - Director
The CIN (Corporate Identification Number) of Forbes Technosys Limited is U29290MH1991PLC062425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forbes Technosys Limited has open charges of ₹64.25 Lakh and satisfied charges of ₹154.65 Cr as per latest MCA filings.