About Forbinary Technologies Private Limited
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Forbinary Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2016PTC274004. Its GSTIN is 27AACCF7789C1ZD (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.53 Lakh. It is led by directors Ashish Ranjan (Managing Director) and Shrey Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 41 Mount Abu Dae Qtrs Anushakti Nagar Anu Shakti Nagar, Mumbai, Maharashtra, India – 400094.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.95 Lakh, a growth of 148% compared to the previous year. For the same year it recorded a net loss of ₹1.49 Lakh (net margin -4.4%) and EBITDA of -₹1.42 Lakh (EBITDA margin -4.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 16% over five years.
The company is associated with 1 brand: Forbinary. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹42 Lakh; the latest was in March 2020. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Techmaze Solutions Private Limited with revenue of ₹34 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forbinary.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
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- Registered Address41 Mount Abu Dae Qtrs Anushakti Nagar Anu Shakti Nagar, Mumbai, Maharashtra, India – 400094
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Forbinary Technologies Private Limited
The main business activity of Forbinary Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Forbinary Technologies Private Limited FY 2024 filings available
Forbinary Technologies Private Limited reported revenue of ₹33.95 Lakh (up 148% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Forbinary Technologies Private Limited
Revenue rose 148% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA fell 200% 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 of Forbinary Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹1.42 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.49 Lakh | •••• | •••• | •••• | •••• |
| 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 of Forbinary Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Forbinary Technologies are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Forbinary Technologies Private Limited
Forbinary Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techmaze Solutions Private Limited | ₹34 Lakh (FY 2018) | •••• | •••• | 14.0% | •••• | Thrikkakara, Kerala, India |
| K Thirty IT Business Solution Private Limited | ₹33.98 Lakh (FY 2023) | •••• | •••• | 97.0% | •••• | Greater Noida, Uttar Pradesh, India |
| W3 Digital Solutions Private Limited | ₹33.97 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Uth Software Private Limited | ₹33.96 Lakh (FY 2025) | •••• | •••• | 56.0% | •••• | Chennai, Tamil Nadu, India |
| Dgtlmart Technologies Private Limited | ₹33.96 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Faridabad, Haryana, India |
| Forbinary Technologies Private Limited this company | ₹33.95 Lakh (FY 2024) | •••• | •••• | 148.0% | •••• | Mumbai, Maharashtra, India |
| Aiboxx Solutions Private Limited | ₹33.9 Lakh (FY 2021) | •••• | •••• | -79.0% | •••• | Bangalore, Karnataka, India |
| SKM Data Protect Private Limited | ₹33.88 Lakh (FY 2025) | •••• | •••• | -68.0% | •••• | Chinnathirupathy, Tamil Nadu, India |
| Forge Alumnus Services Private Limited | ₹33.87 Lakh (FY 2024) | •••• | •••• | 1848.0% | •••• | Bangalore, Karnataka, India |
| Welivint Techno Private Limited | ₹33.87 Lakh (FY 2024) | •••• | •••• | -60.0% | •••• | Shimoga, Karnataka, India |
| F.I.A.R Media Ventures Private Limited | ₹33.87 Lakh (FY 2023) | •••• | •••• | -14.0% | •••• | Lucknow, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Forbinary Technologies by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Forbinary Technologies Private Limited
Forbinary Technologies Private Limited is audited by Tanvi Agrawal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Tanvi Agrawal & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Forbinary Technologies Private Limited
Forbinary Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Ranjan | Managing Director | 07 Mar 2016 | 10 Years 7 Months | Current |
| Shrey Singh | Director | 20 Feb 2017 | 9 Years 7 Months | Current |
Ownership and Shareholding of Forbinary Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Forbinary Technologies Private Limited
Forbinary Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Forbinary Technologies Private Limited
Forbinary Technologies Private Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹42 Lakh; the latest was in March 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Springboard Ventures Private Limited |
| May 2017 | Funding round | ₹42 Lakh | Investors: JRS Investments Private Limited , Somet Finance Private Limited , Springboard Ventures Private Limited |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Forbinary Technologies Private Limited
Forbinary Technologies operates one associated brand: Forbinary. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Customized multilingual mobile apps are developed and managed via platform. | forbinary.com |
Employees and EPFO Compliance at Forbinary Technologies Private Limited
Employment history and EPFO contributions of people linked to Forbinary Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Forbinary Technologies Private Limited
Recent Activity on Forbinary Technologies Private Limited
Forbinary Technologies Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Anish Suresh Sankhe ceased to be Director on 28 Jan 2022.
Credit Ratings, Litigation & Regulatory Alerts for Forbinary Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Forbinary Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Forbinary Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Forbinary Technologies Private Limited
Forbinary Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF7789C1ZD | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Forbinary Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Forbinary Technologies Private Limited
Forbinary Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 March 2016 (10+ years old) and is registered under CIN U72200MH2016PTC274004.
Forbinary Technologies reported revenue of ₹33.95 Lakh for FY 2024 (up 148% YoY).
Forbinary Technologies has 2 current directors:
- Ashish Ranjan - Managing Director
- Shrey Singh - Director
Forbinary Technologies reported a net loss of ₹1.49 Lakh (net margin -4.4%) and EBITDA of -₹1.42 Lakh (EBITDA margin -4.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Forbinary Technologies is 23% over three years and -16% over five years. In the latest year (FY 2024) revenue rose 148%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Forbinary Technologies is 27AACCF7789C1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Forbinary Technologies is U72200MH2016PTC274004. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forbinary Technologies was incorporated on 07 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Forbinary Technologies has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹42 Lakh; the latest was in March 2020.
The peers of Forbinary Technologies by revenue are Techmaze Solutions Private Limited, K Thirty IT Business Solution Private Limited, W3 Digital Solutions Private Limited, Uth Software Private Limited, Dgtlmart Technologies Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Anish Suresh Sankhe ceased to be Director on 28 Jan 2022. Shrey Singh was appointed as Director on 20 Feb 2017. Ashish Ranjan was appointed as Managing Director on 07 Mar 2016.