About Formag India Private Limited
Data last updated:
Formag India Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Formag Overseas Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 03 May 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2011PTC216974. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹44.64 Lakh. It was led by directors Akash Kanchan Gatkal and Yazdi Homi Khambatta.
Its last annual general meeting (AGM) was held on 20 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Room No. 304 3rd Floor Gulab Building 237 P.D' Mello Road Fort Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.18 Cr, a growth of 101% compared to the previous year. For the same year it recorded a net profit of ₹24.98 Lakh (net margin 4.8%) and EBITDA of ₹27.2 Lakh (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is gtinvestments.net.
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- TelephoneLocked
- Website
- Social Media
- Registered AddressRoom No. 304 3rd Floor Gulab Building 237 P.D' Mello Road Fort Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Integrated & Diversified Logistics 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 Formag India Private Limited
The main business activity of Formag India is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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 Formag India Private Limited FY 2023 filings available
Formag India Private Limited reported revenue of ₹5.18 Cr (up 101% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Formag India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 38% over three years, including 101% growth in the latest year. EBITDA rose 848% 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 Formag India Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹5.18 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹27.2 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.98 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 Formag India Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.2% | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• |
| 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 Formag India 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.
Board of Directors of Formag India Private Limited
Formag India has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akash Kanchan Gatkal Also directs: Atia Estates Private Limited | Director | 22 Dec 2020 | 5 Years 9 Months | As last reported |
| Yazdi Homi Khambatta | Director | 13 Apr 2012 | 14 Years 6 Months | As last reported |
Auditor Details of Formag India Private Limited
Formag India Private Limited is audited by Priyank S. Shah & Associates for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Priyank S. Shah & 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.
Ownership and Shareholding of Formag India 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 Formag India Private Limited
Formag India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Formag India Private Limited
Formag India Private Limited has 1 court case on record: 1 filed by Formag India. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Fesco Shipping Lines (India) | Disposed |
Full case history
All 1 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 Formag India Private Limited
Employment history and EPFO contributions of people linked to Formag India.
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 Formag India Private Limited
Formag India Private Limited has 11 board changes on record since 2012: 2 appointments and 9 cessations. The latest: Bhupinder Singh ceased to be Director on 19 Sep 2022.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Formag India 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 Formag India 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 Formag India 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 Formag India Private Limited
Formag India 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 Formag India 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 Formag India Private Limited
Formag India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Formag India was a private limited company based in Mumbai, Maharashtra, India. The company worked in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 03 May 2011 and is registered under CIN U63000MH2011PTC216974. The company has been struck off by the Registrar of Companies and is no longer operational.
Formag India had 2 directors:
- Akash Kanchan Gatkal - Director
- Yazdi Homi Khambatta - Director
The CIN (Corporate Identification Number) of Formag India is U63000MH2011PTC216974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Formag India is at Room No. 304 3rd Floor Gulab Building 237 P.D Mello Road Fort Mumbai, Maharashtra, India – 400001.
Formag India was incorporated on 03 May 2011. It is registered with the Registrar of Companies, Mumbai.
Formag India can be reached through the website gtinvestments.net. Its registered office is in Mumbai, Maharashtra, India.
Formag India reported revenue of ₹5.18 Cr for FY 2017 (up 101% YoY).
Formag India has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹44.64 Lakh.
Formag India reported a net profit of ₹24.98 Lakh (net margin 4.8%) and EBITDA of ₹27.2 Lakh (EBITDA margin 5.2%) for FY 2017, as per its filed financial statements.