About Forgeahead Solutions Private Limited
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Forgeahead Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72100MH2000PTC124860. Its GSTIN is 27AAECS4278F1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60.04 Lakh. It was formerly known as Sns Technologies Private Limited. It is led by directors including Ashish Chinubhai Shah and Ami Ashish Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Saraf Mansion Ground Floor 40 Princess Street, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.12 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹117.36 Cr and EBITDA of ₹119.7 Cr. Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 9% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Forgeahead. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹14.55 Lakh on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forgeahead.io.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSaraf Mansion Ground Floor 40 Princess Street, Mumbai, Maharashtra, India – 400002
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Forgeahead Solutions Private Limited
The main business activity of Forgeahead Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Forgeahead Solutions Private Limited FY 2025 filings available
Forgeahead Solutions Private Limited reported revenue of ₹20.12 Cr (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Forgeahead Solutions Private Limited
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. 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 Forgeahead Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹119.7 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹117.36 Cr | •••• | •••• | •••• | •••• |
| 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 Forgeahead Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Forgeahead Solutions are in the company report.
Financial statements from 2015
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 Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cirruslabs Private Limited | ₹20.28 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Innthink Technologies Private Limited | ₹20.2 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Noida, Uttar Pradesh, India |
| Soft Touch Aviation Private Limited | ₹20.19 Cr (FY 2018) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Slashrtc Software Services Private Limited | ₹20.18 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Digisme Software Private Limited | ₹20.16 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Kanchipuram, Tamil Nadu, India |
| Forgeahead Solutions Private Limited this company | ₹20.12 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Mumbai, Maharashtra, India |
| Terafast Networks Private Limited | ₹20.11 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| Enerzinx India Private Limited | ₹20.09 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Concept Infra Business Private Limited | ₹20.08 Cr (FY 2025) | •••• | •••• | -73.0% | •••• | Bhubaneswar, Odisha, India |
| Cybrosys Techno Solutions Private Limited | ₹20.08 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Malappuram, Kerala, India |
| Emiac Technologies Limited | ₹20.06 Cr (FY 2025) | •••• | •••• | 269.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Forgeahead Solutions by revenue in the Information Technology industry (Software Services), 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 Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited is audited by GANDHI & LAKHANI for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANDHI & LAKHANI | 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 Forgeahead Solutions Private Limited
Forgeahead Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ami Ashish Shah Also directs: Vajra Power Technologies Private Limited, Contrext Private Limited | Additional Director | 31 Mar 2021 | 5 Years 6 Months | Current |
| Devesh Hem Hingorani | Additional Director | 11 Sep 2020 | 6 Years 0 Months | Current |
| Ashish Chinubhai Shah | Director | 13 Dec 2000 | 25 Years 9 Months | Current |
Ownership and Shareholding of Forgeahead 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 Forgeahead Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2025 | Others | ₹10 Cr | Open |
| 11 Jul 2006 | Icici Bank Ltd (Construction Equipment Division) | ₹14.55 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited has 7 court cases on record: 4 filed by Forgeahead Solutions, 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAP) | Filed by the company against Galani Developers Private Limited | Disposed |
| Bombay High Court | Court case (ARP) | Filed by the company against Galani Developers Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln IDA) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited has 3 MSME Form 1 returns on record between 2019 and 2022, listing 7 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chetan Mayur & Co | •••• | •••• | •••• |
| Legalogic Consulting LLP | •••• | •••• | •••• |
| Openview Technologies Private Limited | •••• | •••• | •••• |
| R H D B & Co. LLP | •••• | •••• | •••• |
| Paysquare Consultancy Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Forgeahead Solutions Private Limited
Forgeahead Solutions operates one associated brand: Forgeahead. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides product engineering, AI, cloud, and mobile development services. | forgeahead.io |
Employees and EPFO Compliance at Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited has a workforce of 111 employees as of Apr 02, 2024.
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.
Recent Activity on Forgeahead Solutions Private Limited
Forgeahead Solutions Private Limited has 7 board changes on record since 2000: 4 appointments and 3 cessations. The latest: Ami Ashish Shah was appointed as Additional Director on 31 Mar 2021.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Forgeahead 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.
Subsidiaries & Group Companies of Forgeahead 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 Forgeahead Solutions Private Limited
Forgeahead Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS4278F1Z6 | 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 Forgeahead 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 Forgeahead Solutions Private Limited
Forgeahead Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 March 2000 (26+ years old) and is registered under CIN U72100MH2000PTC124860.
Forgeahead Solutions reported revenue of ₹20.12 Cr for FY 2025 (down 36% YoY).
Forgeahead Solutions has 3 current directors:
- Ami Ashish Shah - Additional Director
- Devesh Hem Hingorani - Additional Director
- Ashish Chinubhai Shah - Director
Forgeahead Solutions reported a net profit of ₹117.36 Cr and EBITDA of ₹119.7 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Forgeahead Solutions is -17% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Forgeahead Solutions is 27AAECS4278F1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Forgeahead Solutions is U72100MH2000PTC124860. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forgeahead Solutions has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the high courts.
Forgeahead Solutions was incorporated on 13 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Forgeahead Solutions by revenue are Cirruslabs Private Limited, Innthink Technologies Private Limited, Soft Touch Aviation Private Limited, Slashrtc Software Services Private Limited, Digisme Software Private Limited and 5 more, all in the Information Technology industry (Software Services).
Ami Ashish Shah was appointed as Additional Director on 31 Mar 2021. Devesh Hem Hingorani was appointed as Additional Director on 11 Sep 2020. Sheela Chinubhai Shah ceased to be Additional Director on 26 Aug 2020. Forgeahead Solutions has 7 board changes on record in total.
Forgeahead Solutions has 3 MSME Form 1 returns on record between 2019 and 2022, listing 7 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2022.