About Formac Engineering Limited
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Formac Engineering Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 16 December 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28920MH1968PLC014164. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Zarine Shapur Rao (Whole-Time Director) and Shapur Phiroze Rao (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. R – 594 Ttc Industrial Area MIDC Thane – Belapur Road Village Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2023, the company reported a revenue of ₹91.72 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.51 Lakh (net margin 4.9%) and EBITDA of ₹5.02 Lakh (EBITDA margin 5.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 18% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹66.78 Lakh and satisfied charges of ₹3.26 Cr on record. Court records list 46 cases involving the company, including 11 filed by the company and 35 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formacmachining.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. R – 594 Ttc Industrial Area MIDC Thane – Belapur Road Village Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryAutomotive, Auto Parts & Components
- 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 Formac Engineering Limited
The main business activity of Formac Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Formac Engineering Limited FY 2023 filings available
Formac Engineering Limited reported revenue of ₹91.72 Lakh (up 2% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Formac Engineering Limited
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA rose 13% 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 Formac Engineering Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹5.02 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.51 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 Formac Engineering Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.9% | •••• | •••• | •••• | •••• |
| 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 Formac Engineering 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 Formac Engineering Limited
Formac Engineering Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Machinery and Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plastronica Automotive Products India Private Limited | ₹91.9 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Chennai, Tamil Nadu, India |
| Sungiri Industries Private Limited | ₹91.87 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Interionomics Private Limited | ₹91.86 Lakh (FY 2023) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| Delhi Forge Private Limited | ₹91.85 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Ballabgarh, Haryana, India |
| Vasus Brakes India Private Limited | ₹91.76 Lakh (FY 2024) | •••• | •••• | 1011.0% | •••• | Alwar, Rajasthan, India |
| Formac Engineering Limited this company | ₹91.72 Lakh (FY 2023) | •••• | •••• | 2.0% | •••• | Navi Mumbai, Maharashtra, India |
| Pielion Battery Private Limited | ₹91.56 Lakh (FY 2022) | •••• | •••• | 132.0% | •••• | Dharapuram, Tiruppur, Tamil Nadu, India |
| Marubeni Machinery & Solutions India Private Limited | ₹91.37 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Neo Metal and Electrical Industries Private Limited | ₹91.32 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Basenji Trading Private Limited | ₹91.29 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Mumbai, Maharashtra, India |
| Magstar International Private Limited | ₹91.23 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Formac Engineering by revenue in the Automobiles industry (Auto Ancillary, Machinery and Equipment Retail and Distribution), 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 Formac Engineering Limited
Formac Engineering Limited is audited by MULRAJ DEVCHAND GALA for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MULRAJ DEVCHAND GALA | 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 Formac Engineering Limited
Formac Engineering has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Firoze Shapur Rao | Director | 15 Nov 2003 | 22 Years 10 Months | Current |
| Zarine Shapur Rao | Whole-Time Director | 17 May 1988 | 38 Years 4 Months | Current |
| Shapur Phiroze Rao | Whole-Time Director | 17 Dec 1968 | 57 Years 9 Months | Current |
Ownership and Shareholding of Formac Engineering 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 Formac Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Dec 2015 | Others | ₹18.53 Lakh | Open |
| 30 Jul 2014 | Janalakshmi Financial Services Private Limited | ₹15 Lakh | Open |
| 26 Jan 2004 | The Saraswat Co-Co Bank Ltd | ₹2 Lakh | Open |
| 20 Aug 1986 | The Saraswat Co-Opbank | ₹17 Lakh | Open |
| 14 Feb 1985 | Grindlays Bank Limited | ₹5 Lakh | Open |
Total charge records: 36 View all charges
Legal Cases of Formac Engineering Limited
Formac Engineering Limited has 46 court cases on record: 11 filed by Formac Engineering, 35 filed against it. 4 cases are pending and 42 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 21 | 3 |
| District courts | 16 | 14 | 1 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Spak Construction and Developers Private Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Spak Construction and Developers Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Shree Venkatesh Steels Limited | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by Bosch Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by an individual | Pending |
Full case history
All 46 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.
Employees and EPFO Compliance at Formac Engineering Limited
Employment history and EPFO contributions of people linked to Formac Engineering.
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 Formac Engineering Limited
Formac Engineering Limited has 3 board changes on record since 1968: 3 appointments. The latest: Firoze Shapur Rao was appointed as Director on 15 Nov 2003.
57 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Formac Engineering 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 Formac Engineering 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 Formac Engineering 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 Formac Engineering Limited
Formac Engineering has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Formac Engineering 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 Formac Engineering Limited
Formac Engineering is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 16 December 1968 (58+ years old) and is registered under CIN U28920MH1968PLC014164.
Formac Engineering reported revenue of ₹91.72 Lakh for FY 2023 (up 2% YoY).
Formac Engineering has 3 current directors:
- Zarine Shapur Rao - Whole-Time Director
- Shapur Phiroze Rao - Whole-Time Director
- Firoze Shapur Rao - Director
Formac Engineering reported a net profit of ₹4.51 Lakh (net margin 4.9%) and EBITDA of ₹5.02 Lakh (EBITDA margin 5.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Formac Engineering is -8% over three years and -18% over five years. In the latest year (FY 2023) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
No. Formac Engineering has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Formac Engineering is U28920MH1968PLC014164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formac Engineering has 46 court cases on record: 11 filed by the company and 35 filed against it. 4 are pending. Most are in the high courts.
Formac Engineering was incorporated on 16 December 1968, making it 58+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Formac Engineering by revenue are Plastronica Automotive Products India Private Limited, Sungiri Industries Private Limited, Interionomics Private Limited, Delhi Forge Private Limited, Vasus Brakes India Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary, Machinery and Equipment Retail and Distribution).
Firoze Shapur Rao was appointed as Director on 15 Nov 2003. Zarine Shapur Rao was appointed as Whole-Time Director on 17 May 1988. Shapur Phiroze Rao was appointed as Whole-Time Director on 17 Dec 1968.