MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-04-0017981
Fores Elastomech India Private Limited - automotive in Aurangabad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹192.24 Cr
▲ 4% YoY
Net profit · FY 2025
₹2.6 Cr
Net margin 1.4%
EBITDA · FY 2025
₹15.74 Cr
EBITDA margin 8.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹82.85 Lakh
Issued & subscribed
Open charges
₹90.93 Cr
Satisfied ₹27.23 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
228
Provident fund records
About Fores Elastomech India Private Limited
Data last updated:
Fores Elastomech India Private Limited is a private limited company based in Aurangabad, Maharashtra, India, a subsidiary of Varroc Polymers Private Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 22 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29190MH2005PTC157474. Its GSTIN is 27AACCV1519L1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹82.85 Lakh. It was formerly known as Varroc Elastomers Private Limited. It is led by directors including Janardana Swamy Pothapragada (Managing Director) and Srikanth Pothapragada (Managing Director).
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 Plot No. M – 191/2 MIDC Industrial Area Waluj, Aurangabad, Maharashtra, India – 431136.
As per the financials filed for FY 2025, the company reported a revenue of ₹192.24 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.6 Cr (net margin 1.4%) and EBITDA of ₹15.74 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 228 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fores Group. As per MCA filings, the company has open charges of ₹90.93 Cr and satisfied charges of ₹27.23 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹94 Lakh; the latest was in March 2017.
Fores Elastomech India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0017981). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foreselastomech.com.
Company details
CIN U29190MH2005PTC157474
Registration Number 157474
Incorporation Date 22 November 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Varroc Polymers Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-04-0017981
Key People
Janardana Swamy Pothapragada Managing Director Srikanth Pothapragada Managing Director Sridevi Pothapragada Director Recognitions & Rankings of Fores Elastomech India
Contact details
Fores Elastomech India Private Limited's registered office is in Aurangabad, Maharashtra. Its website is foreselastomech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. M – 191/2 MIDC Industrial Area Waluj, Aurangabad, Maharashtra, India – 431136
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Fores Elastomech India Private Limited, buy the company report.
Comprehensive company report
Fores Elastomech India 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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Brands
Fores Elastomech India operates one associated brand: Fores Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures technical rubber components for automotive and other industries globally. | foreselastomech.com |
Business activity
The main business activity of Fores Elastomech India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Fores Elastomech India Private Limited, buy the company report.
Financials of Fores Elastomech India Private Limited
FY 2024 filings availableFores Elastomech India Private Limited reported revenue of ₹192.24 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹192.24 Cr ▲ 4%
Net profit · FY 2025
₹2.6 Cr margin 1.4%
EBITDA · FY 2025
₹15.74 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 16%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 33%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 4% growth in the latest year. EBITDA fell 24% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹15.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.6 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Fores Elastomech India Private Limited, buy the company report.
Board of directors of Fores Elastomech India Private Limited
Fores Elastomech India has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridevi Pothapragada Also directs: Dinfoka Consulting Private Limited | Director | 01 Sep 2018 | 8 Years 2 Months | Current |
| Aniruddha Ramesh Kulkarni | Director | 15 Dec 2023 | 2 Years 10 Months | Current |
| Swarnalata Pothapragada Atchutanaga Also directs: Dinfoka Consulting Private Limited | Director | 01 Sep 2018 | 8 Years 2 Months | Current |
| Janardana Swamy Pothapragada | Managing Director | 22 Nov 2005 | 20 Years 11 Months | Current |
| Srikanth Pothapragada Also directs: Fores Gummitech Private Limited | Managing Director | 30 Aug 2014 | 12 Years 2 Months | Current |
Auditor
Fores Elastomech India Private Limited is audited by C. V. Chitale & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. V. Chitale & Co. | FY 2023 | 126338W |
Shareholding
The shareholding of Fores Elastomech India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fores Elastomech India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90.93 Cr
Satisfied charges
₹27.23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2025 | 101075422 | Others | ₹3.6 Cr | Open | |
| 05 Sep 2024 | 100981615 | Others | ₹9.95 Cr | Open | |
| 04 Mar 2024 | 100890655 | Others | ₹7.92 Cr | Open | |
| 11 Aug 2023 | 100772902 | Others | ₹2.39 Cr | Open | |
| 08 Jun 2023 | 100732845 | Others | ₹6 Cr | Open |
To see the full charge records of Fores Elastomech India Private Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Fores Elastomech India Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹94 Lakh; the latest was in March 2017.
Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹94 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Varroc Polymers Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: Varroc Polymers Limited |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Varroc Polymers Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Varroc Polymers Limited |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Varroc Polymers Limited |
To see the full deal history of Fores Elastomech India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fores Elastomech India Private Limited has 3 court cases on record: 2 filed by Fores Elastomech India, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against M/S L.G Balakrishnan and Bros Ltd. | Disposed |
| Bombay High Court | Appeal | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Others | Disposed |
To see the full case history of Fores Elastomech India 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 Fores Elastomech India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fores Elastomech India Private Limited has a workforce of 228 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
228
Active EPFO establishments
1
Employee growth
14%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 228 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Fores Elastomech India Private Limited, buy the company report.
GST
Fores Elastomech India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV1519L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fores Elastomech India Private Limited, buy the company report.
Recent activity
Fores Elastomech India Private Limited has 14 board changes on record since 2005: 5 appointments and 9 cessations. The latest: Srikanth Pothapragada ceased to be CEO on 31 May 2025.
Ceased
Srikanth Pothapragada ceased to be CEO.
Charges
A charge with Others amounted to Rs. 3.60 Cr with Charge ID 101075422 was registered on 24 Mar 2025.
AGM
Fores Elastomech India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Aniruddha Ramesh Kulkarni ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 9.95 Cr with Charge ID 100981615 was registered on 05 Sep 2024.
Filing
Fores Elastomech India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 7.92 Cr with Charge ID 100890655 was registered on 04 Mar 2024.
Appointed
Aniruddha Ramesh Kulkarni was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.39 Cr with Charge ID 100772902 was registered on 11 Aug 2023.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100732845 was registered on 08 Jun 2023.
Charges
A charge with Others of Rs. 17.20 Cr registered on 24 Oct 2016 with Charge ID 100057814 was modified on 03 Jun 2023.
Charges
A charge with Others amounted to Rs. 7.65 Cr with Charge ID 100604114 was registered on 19 Aug 2022.
77 earlier events are in the company report.
Frequently asked questions
Fores Elastomech India is an active private limited company based in Aurangabad, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 22 November 2005 (21+ years old) and is registered under CIN U29190MH2005PTC157474.
Fores Elastomech India has 5 current directors:
- Janardana Swamy Pothapragada - Managing Director
- Srikanth Pothapragada - Managing Director
- Sridevi Pothapragada - Director
- Aniruddha Ramesh Kulkarni - Director
- Swarnalata Pothapragada Atchutanaga - Director
The latest financial statements of Fores Elastomech India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Fores Elastomech India is 27AACCV1519L1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fores Elastomech India is U29190MH2005PTC157474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fores Elastomech India has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Fores Elastomech India was incorporated on 22 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Fores Elastomech India has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹94 Lakh; the latest was in March 2017.
Srikanth Pothapragada ceased to be CEO on 31 May 2025. Aniruddha Ramesh Kulkarni ceased to be Additional Director on 29 Sep 2024. Aniruddha Ramesh Kulkarni was appointed as Director on 15 Dec 2023. Fores Elastomech India has 14 board changes on record in total.
Yes, Fores Elastomech India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-04-0017981).
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