Forcas Studio Limited
About Forcas Studio Limited
Data last updated:
Forcas Studio Limited is a public limited company based in Thakurpukur Mahestola, West Bengal, India. It operates in the quarrying of stone segment of the mining sector. It was incorporated on 12 January 2024.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L14101WB2024PLC267500. It is a listed company as per MCA records. Its shares are listed on NSE: FORCAS.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹17.58 Cr. It is led by directors including Sailesh Agarwal (Managing Director) and Sourav Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Thakurpukur Mahestola, West Bengal.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹197.65 Cr, a growth of 28.7% compared to the previous year. For the same year it recorded a net profit of ₹13.64 Cr (net margin 6.9%) and EBITDA of ₹21.02 Cr (EBITDA margin 10.6%).
The company has about 47 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹93.55 Cr on record. The company has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹8.43 Cr; the latest was in August 2024. Its 10 peer companies in the Apparel industry (Apparel Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Shagun Dress Materials Private Limited with revenue of ₹149.22 Cr.
Company details
CIN history
Forcas Studio has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L14101WB2024PLC267500, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L14101WB2024PLC267500 | Current |
| U14101WB2024PTC267500 | Previous |
| U14101WB2024PLC267500 | Previous |
Contact details
Forcas Studio Limited's registered office is in Thakurpukur Mahestola, West Bengal.
- Registered AddressTara Maa Tower, B3 – 71C/161 B T Road, Thakurpukur Mahestola, West Bengal, India – 700141
- IndustryMining, Quarrying Of Stone, Sand And Clay, Marble Quarrying
- 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
Financials of Forcas Studio Limited
FY 2025-26 filings availableForcas Studio Limited reported revenue of ₹197.65 Cr (up 28.7% YoY) for FY 2025-26.
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹197.65 Cr | ₹153.59 Cr | ₹24.19 Cr | ₹69.6 Cr | ₹53.2 Cr | ₹50.51 Cr |
| Other Income | ₹35 Lakh | ₹80 Lakh | ₹6 Lakh | ₹2.02 Cr | ₹60 Lakh | ₹62 Lakh |
| Cost of Materials Consumed | - | ₹113.4 Cr | ₹14.89 Cr | ₹38.17 Cr | ₹45.42 Cr | ₹33.12 Cr |
| Employee Benefit Expense | - | ₹3.69 Cr | ₹38 Lakh | ₹1.29 Cr | ₹1.25 Cr | ₹1.08 Cr |
| Finance Costs | ₹2.59 Cr | ₹2.46 Cr | ₹54 Lakh | ₹3.03 Cr | ₹2.52 Cr | ₹2.61 Cr |
| Depreciation & Amortisation | ₹59 Lakh | ₹33 Lakh | ₹4 Lakh | ₹37 Lakh | ₹27 Lakh | ₹28 Lakh |
| Other Expenses | - | ₹16.19 Cr | ₹4.91 Cr | ₹5.37 Cr | ₹2.61 Cr | ₹2.42 Cr |
| Total Expenses | ₹176.63 Cr | ₹139.95 Cr | ₹22.09 Cr | ₹67.08 Cr | ₹50.24 Cr | ₹47.69 Cr |
| Profit Before Tax | ₹18.19 Cr | ₹11.65 Cr | ₹1.58 Cr | ₹1.14 Cr | ₹77 Lakh | ₹55 Lakh |
| Total Tax Expense | ₹4.55 Cr | ₹3.02 Cr | ₹41 Lakh | -₹3 Lakh | -₹2 Lakh | -₹3 Lakh |
| Net Profit | ₹13.64 Cr | ₹8.62 Cr | ₹1.17 Cr | ₹1.17 Cr | ₹79 Lakh | ₹58 Lakh |
| EBITDA (computed) | ₹21.02 Cr | ₹13.64 Cr | ₹2.1 Cr | ₹2.52 Cr | ₹2.96 Cr | ₹2.82 Cr |
| Basic EPS | ₹7.76 | ₹4.91 | ₹10.88 | ₹1.36 | ₹0.97 | ₹0.82 |
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Total Assets | ₹77.06 Cr | ₹47.63 Cr | ₹31.86 Cr | ₹32.51 Cr | ₹31.5 Cr |
| Current Assets | ₹85.56 Cr | ₹48.5 Cr | ₹32.9 Cr | ₹38.61 Cr | ₹44.17 Cr |
| Property, Plant & Equipment | ₹1.69 Cr | ₹1.13 Cr | ₹1.38 Cr | ₹1.01 Cr | ₹1.15 Cr |
| Inventories | ₹33.47 Cr | ₹21.55 Cr | ₹18.09 Cr | ₹29.34 Cr | ₹22.72 Cr |
| Trade Receivables | ₹38.26 Cr | ₹23.83 Cr | ₹11.67 Cr | ₹5.73 Cr | ₹18.67 Cr |
| Cash & Equivalents | ₹8.44 Cr | ₹19 Lakh | ₹20 Lakh | ₹41 Lakh | ₹30 Lakh |
| Equity (Net Worth) | ₹63.66 Cr | ₹19.02 Cr | ₹8.6 Cr | ₹8.31 Cr | ₹7.12 Cr |
| Equity Share Capital | ₹17.58 Cr | ₹12.9 Cr | ₹8.6 Cr | ₹8.31 Cr | ₹7.12 Cr |
| Total Debt (computed) | ₹13.36 Cr | ₹28.61 Cr | ₹23.25 Cr | ₹24.2 Cr | ₹24.38 Cr |
| Current Liabilities | ₹13.95 Cr | ₹11.22 Cr | ₹7.38 Cr | ₹10.82 Cr | ₹17.41 Cr |
| Total Liabilities | ₹77.06 Cr | ₹47.63 Cr | ₹31.86 Cr | ₹32.51 Cr | ₹31.5 Cr |
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹10.05 Cr | -₹39.85 Cr | ₹5.34 Cr | ₹2.51 Cr | ₹2.54 Cr |
| Investing Cash Flow | ₹4.88 Cr | -₹9.64 Cr | -₹74 Lakh | -₹11 Lakh | -₹19 Lakh |
| Financing Cash Flow | ₹13.26 Cr | ₹49.82 Cr | -₹4.81 Cr | -₹2.29 Cr | -₹2.17 Cr |
| Net Change in Cash | ₹8.1 Cr | ₹34 Lakh | -₹21 Lakh | ₹11 Lakh | ₹18 Lakh |
To see the full year-wise statements and ratios of Forcas Studio Limited, buy the company report.
Board of directors of Forcas Studio Limited
Forcas Studio has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sailesh Agarwal | Managing Director | 12 Jan 2024 | 2 Years 9 Months | Current |
| Sourav Agarwal | Whole-Time Director | 12 Jan 2024 | 2 Years 9 Months | Current |
| Altab Uddin Kazi Also directs: Dhruva Capital Services Limited, Veritaas Advertising Limited, SSMD Agrotech India Limited and 4 more | Director | 20 Feb 2024 | 2 Years 8 Months | Current |
| Hitu Gambhir Mahajan | Director | 29 Feb 2024 | 2 Years 8 Months | Current |
| Neha Agrawal Also directs: Dynamic Eyewear India Limited, Shradha Projects Limited | Director | 23 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Forcas Studio Limited is compared with the 10 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Forcas Studio Limitedthis company | ₹197.65 Cr (FY 2026) | ₹13.64 Cr | 6.9% | 28.7% | Thakurpukur Mahestola, West Bengal, India | |
| Shagun Dress Materials Private Limited | ₹149.22 Cr (FY 2025) | 13.0% | Ulhasnagar, Maharashtra, India | |||
| Cis Exports Private Limited | ₹149.09 Cr (FY 2020) | -4.0% | Punjab, India | |||
| Akya Retail Private Limited | ₹146.63 Cr (FY 2025) | 33.0% | Bangalore, Karnataka, India | |||
| Golden Mandhir Retail Private Limited | ₹143.8 Cr (FY 2025) | -1.0% | Salem, Tamil Nadu, India | |||
| Burberry India Private Limited | ₹143.71 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Primarc Retail Stores Private Limited | ₹142.95 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Shree Sarees Creation Private Limited | ₹141.22 Cr (FY 2025) | 33.0% | Kolkata, West Bengal, India | |||
| Shiva Tex Collections Private Limited | ₹140.69 Cr (FY 2025) | 5.0% | Ludhiana, Punjab, India | |||
| Sun Flame Trading Private Limited | ₹140.03 Cr (FY 2019) | 247.0% | New Delhi, Delhi, India | |||
| Mitul Enterprises Private Limited | ₹138.58 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Forcas Studio Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2026 | 101309374 | Others | ₹3.91 Cr | Open | |
| 06 Aug 2025 | 101137001 | The Hongkong and Shanghai Banking Corporation Limited | ₹43 Cr | Open | |
| 04 Aug 2025 | 101137003 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.64 Cr | Open | |
| 27 Feb 2025 | 101056556 | Others | ₹2 Cr | Open | |
| 07 Jan 2025 | 101036231 | Others | ₹42 Cr | Open |
To see the full charge records of Forcas Studio Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Forcas Studio Limited has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹8.43 Cr; the latest was in August 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | IPO | ₹37.44 Cr | Investors: IPO Shareholders - Forcas Studio Limited |
| Feb 2024 | Funding round | ₹6.7 Cr | Investors: 4 individuals |
| Jan 2024 | Funding round | ₹1.73 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Forcas Studio Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forcas Studio Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Forcas Studio Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Forcas Studio Limited has 9 board changes on record since 2024: 5 appointments and 4 cessations. The latest: Neha Agrawal was appointed as Director on 23 May 2026.
8 earlier events are in the company report.
News
Frequently asked questions
Forcas Studio is an active public limited company based in Thakurpukur Mahestola, West Bengal, India. The company works in quarrying of stone, within the mining industry. It was incorporated on 12 January 2024 (2+ years old) and is registered under CIN L14101WB2024PLC267500. Listed on NSE: FORCAS.
Forcas Studio reported revenue of ₹197.65 Cr for FY 2025-26 (up 28.7% YoY) based on standalone financials.
Forcas Studio has 5 current directors:
- Sailesh Agarwal - Managing Director
- Sourav Agarwal - Whole-Time Director
- Altab Uddin Kazi - Director
- Hitu Gambhir Mahajan - Director
- Neha Agrawal - Director
The latest financial statements of Forcas Studio on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Forcas Studio is L14101WB2024PLC267500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Forcas Studio is a listed company as per MCA records. Its shares are listed on NSE (symbol: FORCAS).
Forcas Studio was incorporated on 12 January 2024, making it 2+ years old. It is registered with the Registrar of Companies, Kolkata.
Forcas Studio has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹8.43 Cr; the latest was in August 2024.
The peers of Forcas Studio by revenue are Shagun Dress Materials Private Limited, Cis Exports Private Limited, Akya Retail Private Limited, Golden Mandhir Retail Private Limited, Burberry India Private Limited and 5 more, all in the Apparel industry (Apparel Retail and Distribution).
Neha Agrawal was appointed as Director on 23 May 2026. Amit Rathi ceased to be Director on 12 Nov 2025. Hitu Gambhir Mahajan was appointed as Director on 29 Feb 2024. Forcas Studio has 9 board changes on record in total.
The registered office of Forcas Studio is at Tara Maa Tower, B3 – 71C161 B T Road, Thakurpukur Mahestola, West Bengal, India – 700141.
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