MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0029886
Forbes Technovative Private Limited
Forbes Technovative Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹32.83 Lakh
▲ 77% YoY
Net loss · FY 2023
₹1.55 Lakh
Net margin -4.7%
EBITDA · FY 2023
-₹1.48 Lakh
EBITDA margin -4.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Forbes Technovative Private Limited
Data last updated:
Forbes Technovative Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 14 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2013PTC139214. Its GSTIN is 29AACCF4065F1ZO (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Doddamadhure Thimmanayaka Harish and Murthi Naik.
Its last annual general meeting (AGM) was held on 25 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #No. 34 3rd Floor 10th B Main Opp. Cosmo Club Jayanagar 3rd Block, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2023, the company reported a revenue of ₹32.83 Lakh, a growth of 77% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Lakh (net margin -4.7%) and EBITDA of -₹1.48 Lakh (EBITDA margin -4.5%).
Court records list 2 cases involving the company, including 2 filed against it.
Forbes Technovative Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0029886). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U73100KA2013PTC139214
Registration Number 139214
Incorporation Date 14 October 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 October 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0029886
CIN history
Forbes Technovative has one previous CIN (Corporate Identification Number): U73100TN2013PTC093327. The current CIN is U73100KA2013PTC139214, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100KA2013PTC139214 | Current |
| U73100TN2013PTC093327 | Previous |
Recognitions & Rankings of Forbes Technovative
Contact details
Forbes Technovative Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#No. 34 3rd Floor 10th B Main Opp. Cosmo Club Jayanagar 3rd Block, Bangalore, Karnataka, India – 560011
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Forbes Technovative Private Limited, buy the company report.
Comprehensive company report
Forbes Technovative Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Forbes Technovative is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Forbes Technovative Private Limited, buy the company report.
Financials of Forbes Technovative Private Limited
FY 2023 filings availableForbes Technovative Private Limited reported revenue of ₹32.83 Lakh (up 77% YoY) for FY 2023.
Revenue · FY 2023
₹32.83 Lakh ▲ 77%
Net loss · FY 2023
₹1.55 Lakh margin -4.7%
EBITDA · FY 2023
-₹1.48 Lakh margin -4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 77%
EBITDA CAGR growth
1 year
▼ 224%
3 years · compounded
▼ 115%
5 years · compounded
▼ 77%
Revenue rose 77% in the latest year. EBITDA fell 224% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.48 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.55 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.5% | ||||
| Net Profit Margin | -4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Forbes Technovative Private Limited, buy the company report.
Board of directors of Forbes Technovative Private Limited
Forbes Technovative has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Doddamadhure Thimmanayaka Harish Also directs: Ion Exacense Private Limited | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Murthi Naik Also directs: Ion Exacense Private Limited | Director | 11 Nov 2021 | 4 Years 11 Months | Current |
Auditor
Forbes Technovative Private Limited is audited by SHIBARAYA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIBARAYA & CO | FY 2019 | 015226S |
Shareholding
The shareholding of Forbes Technovative Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Forbes Technovative Private Limited, buy the company report.
Legal cases
Forbes Technovative Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by Eureka Forbes Limited | Disposed |
| High Court | Writ petition | Filed against the company by M/S Sureka Forbes (Pvt) Limited | Disposed |
To see the full case history of Forbes Technovative 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forbes Technovative Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forbes Technovative has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF4065F1ZO | Karnataka | Active | 02 Dec 2020 |
To see the full GST registrations and return filing status of Forbes Technovative Private Limited, buy the company report.
Recent activity
Forbes Technovative Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Anand Naik ceased to be Director on 05 Apr 2022.
AGM
Forbes Technovative Private Limited last Annual general meeting of members was held on 25 Oct 2023 as per latest MCA records.
Filing
Forbes Technovative Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Anand Naik ceased to be Director.
Appointed
Doddamadhure Thimmanayaka Harish was appointed as Director.
Ceased
Murthi Naik ceased to be Additional Director.
Ceased
Balaji Udayakumar ceased to be Director.
Appointed
Murthi Naik was appointed as Director.
Ceased
Thanikehalao Sathyaraj ceased to be Director.
Incorporation
14 Oct 2013
Forbes Technovative Private Limited was registered on 14 Oct 2013 with Roc Bangalore & aged 13 years 12 days as per MCA records.
Frequently asked questions
Forbes Technovative is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 14 October 2013 (13+ years old) and is registered under CIN U73100KA2013PTC139214.
Forbes Technovative has 2 current directors:
- Doddamadhure Thimmanayaka Harish - Director
- Murthi Naik - Director
The latest financial statements of Forbes Technovative on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 October 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Forbes Technovative is 29AACCF4065F1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Forbes Technovative is U73100KA2013PTC139214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forbes Technovative has 2 court cases on record: 2 filed against it.
Forbes Technovative was incorporated on 14 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Anand Naik ceased to be Director on 05 Apr 2022. Doddamadhure Thimmanayaka Harish was appointed as Director on 01 Apr 2022. Murthi Naik ceased to be Additional Director on 30 Nov 2021. Forbes Technovative has 6 board changes on record in total.
Yes, Forbes Technovative is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0029886).
The registered office of Forbes Technovative is at #No. 34 3rd Floor 10th B Main Opp. Cosmo Club Jayanagar 3rd Block, Bangalore, Karnataka, India – 560011.