About Forever Business Solutions Private Limited
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Forever Business Solutions Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 11 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74110MP2016PTC041126.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.88 Cr. It is led by directors including Jitendra Bharat Parmar and Aniket Kishor Mahale.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at I – 75 Lig Colony Indore, Madhya Pradesh, India – 452007.
As per the financials filed for FY 2021, the company reported a revenue of ₹12,000, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹45,388 (net margin -378.2%) and EBITDA of -₹3,900 (EBITDA margin -32.5%). Revenue has declined at a compounded annual rate (CAGR) of 82% over three years.
The company has 1 deal on record (1 acquisition); the latest was in April 2024. Its 10 peer companies in the Outsourcing industry (HR Outsourcing) are compared by revenue, 5 larger and 5 smaller; the largest is Whiteblush Lastmile Solutions Private Limited with revenue of ₹12,462.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foreverbusinesssolutions.com.
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- Registered AddressI – 75 Lig Colony Indore, Madhya Pradesh, India – 452007
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Forever Business Solutions Private Limited
The main business activity of Forever Business Solutions is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. 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 Forever Business Solutions Private Limited FY 2021 filings available
Forever Business Solutions Private Limited reported revenue of ₹12,000 (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Forever Business Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 82% over three years, including a 99% fall in the latest year. EBITDA fell 116% 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 Forever Business Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹3,900 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹45,388 | •••• | •••• | •••• | •••• |
| 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 Forever Business Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -378.2% | •••• | •••• | •••• | •••• |
| 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 Forever Business Solutions are in the company report.
Financial statements from FY 2017
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 Forever Business Solutions Private Limited
Forever Business Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Whiteblush Lastmile Solutions Private Limited | ₹12,462 (FY 2024) | •••• | •••• | •••• | Bhubaneswar, Odisha, India | |
| Bvast Management Consultants Private Limited | ₹12,348 (FY 2023) | •••• | •••• | -100.0% | •••• | Chennai, Tamil Nadu, India |
| V B Techventures Private Limited | ₹12,237 (FY 2024) | •••• | •••• | -99.0% | •••• | Delhi, India |
| Acetritech Info Solutions and Placements Private Limited | ₹12,050 (FY 2020) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
| Forever Business Solutions Private Limited this company | ₹12,000 (FY 2021) | •••• | •••• | -99.0% | •••• | Indore, Madhya Pradesh, India |
| Infiniti Recruitment Process Outsourcing Private Limited | ₹12,000 (FY 2024) | •••• | •••• | -97.0% | •••• | Chennai, Tamil Nadu, India |
| Thermo Control Facility Management Services Private Limited | ₹11,978 (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Mepax Engineers Private Limited | ₹11,800 (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Mangrove Academics Private Limited | ₹11,580 (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Atreya Services Private Limited | ₹11,452 (FY 2020) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Clean and Care Haseni Facility Managment Private Limited | ₹11,309 (FY 2024) | •••• | •••• | -100.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Forever Business Solutions by revenue in the Outsourcing industry (HR Outsourcing), 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 Forever Business Solutions Private Limited
Forever Business Solutions Private Limited is audited by A PANKAJ JAIN & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A PANKAJ JAIN & ASSOCIATES | 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 Forever Business Solutions Private Limited
Forever Business Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Bharat Parmar Also directs: Janus Corporation Limited | Additional Director | 15 Jan 2024 | 2 Years 8 Months | Current |
| Aniket Kishor Mahale | Additional Director | 29 Aug 2022 | 4 Years 1 Months | Current |
| Ashok Sahadeo Sukale | Additional Director | 29 Aug 2022 | 4 Years 1 Months | Current |
Ownership and Shareholding of Forever Business Solutions 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 Forever Business Solutions Private Limited
Forever Business Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Forever Business Solutions Private Limited
Forever Business Solutions Private Limited has 1 deal on record (1 acquisition); the latest was in April 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Acquisition | ₹13.82 Cr | Buyer: Janus Corporation Limited Seller: Lemon Management Consultancy Limited , an individual |
Full deal history
All 1 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.
Employees and EPFO Compliance at Forever Business Solutions Private Limited
Employment history and EPFO contributions of people linked to Forever Business Solutions.
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.
CIN History of Forever Business Solutions Private Limited
Forever Business Solutions has one previous CIN (Corporate Identification Number): U72900MP2016PTC041126. The current CIN is U74110MP2016PTC041126, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MP2016PTC041126 | Current |
| U72900MP2016PTC041126 | Previous |
Recent Activity on Forever Business Solutions Private Limited
Forever Business Solutions Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Jitendra Bharat Parmar was appointed as Additional Director on 15 Jan 2024.
Credit Ratings, Litigation & Regulatory Alerts for Forever Business Solutions 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 Forever Business Solutions 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 Forever Business Solutions 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 Forever Business Solutions Private Limited
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 Forever Business Solutions 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 Forever Business Solutions Private Limited
Forever Business Solutions is an active private limited company based in Indore, Madhya Pradesh, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 11 July 2016 (10+ years old) and is registered under CIN U74110MP2016PTC041126.
Forever Business Solutions reported revenue of ₹12,000 for FY 2021 (down 99% YoY).
Forever Business Solutions has 3 current directors:
- Jitendra Bharat Parmar - Additional Director
- Aniket Kishor Mahale - Additional Director
- Ashok Sahadeo Sukale - Additional Director
Forever Business Solutions reported a net loss of ₹45,388 (net margin -378.2%) and EBITDA of -₹3,900 (EBITDA margin -32.5%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Forever Business Solutions is -82% over three years. In the latest year (FY 2021) revenue fell 99%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Forever Business Solutions is U74110MP2016PTC041126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forever Business Solutions was incorporated on 11 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Gwalior.
Forever Business Solutions has 1 deal on record (1 acquisition); the latest was in April 2024.
The peers of Forever Business Solutions by revenue are Whiteblush Lastmile Solutions Private Limited, Bvast Management Consultants Private Limited, V B Techventures Private Limited, Acetritech Info Solutions and Placements Private Limited, Infiniti Recruitment Process Outsourcing Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Jitendra Bharat Parmar was appointed as Additional Director on 15 Jan 2024. Aniket Kishor Mahale was appointed as Additional Director on 29 Aug 2022. Ashok Sahadeo Sukale was appointed as Additional Director on 29 Aug 2022. Forever Business Solutions has 8 board changes on record in total.
Forever Business Solutions can be reached through the website foreverbusinesssolutions.com. Its registered office is in Indore, Madhya Pradesh, India.