Forming Improvise Private Limited
About Forming Improvise Private Limited
Data last updated:
Forming Improvise Private Limited is a private limited company based in Ranchi, Jharkhand, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U80100JH2017PTC010766. Its GSTIN is 20AAGCV2065D1ZU (Jharkhand). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Vtit Construction Private Limited. It is led by directors including Sumit Kumar Suman and Satish Kumar.
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 Kali Mandir Lane Opposite Rambilash Petrol Pump Ratu Road Sukhdeo Nagar, Ranchi, Jharkhand, India – 834001.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.71 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.12 Lakh (net margin 7.7%) and EBITDA of ₹7.1 Lakh (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years and 43% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Forming Improvise has one previous CIN (Corporate Identification Number): U45309JH2017PTC010766. The current CIN is U80100JH2017PTC010766, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80100JH2017PTC010766 | Current |
| U45309JH2017PTC010766 | Previous |
Contact details
Forming Improvise Private Limited's registered office is in Ranchi, Jharkhand. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKali Mandir Lane Opposite Rambilash Petrol Pump Ratu Road Sukhdeo Nagar, Ranchi, Jharkhand, India – 834001
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Forming Improvise Private Limited, buy the company report.
- 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
Financials of Forming Improvise Private Limited
FY 2024 filings availableForming Improvise Private Limited reported revenue of ₹53.71 Lakh (up 3495% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹7.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.12 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 7.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Forming Improvise Private Limited, buy the company report.
Board of directors of Forming Improvise Private Limited
Forming Improvise has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Kumar Suman | Director | 11 Dec 2017 | 8 Years 10 Months | Current |
| Satish Kumar | Director | 11 Dec 2017 | 8 Years 10 Months | Current |
| Gulistan Ahmed Also directs: Gos Industries LLP, 7 Hexagon Tech Labs Private Limited | Director | 14 Dec 2020 | 5 Years 10 Months | Current |
| Shahnawaaz Ahmed Choudhary | Director | 14 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Forming Improvise Private Limited is audited by JINDAL AKHIL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JINDAL AKHIL & CO | FY 2022 | 031851N |
Shareholding
The shareholding of Forming Improvise Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forming Improvise Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forming Improvise Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forming Improvise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forming Improvise has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AAGCV2065D1ZU | Jharkhand | Active | 23 Jan 2018 |
To see the full GST registrations and return filing status of Forming Improvise Private Limited, buy the company report.
Recent activity
Forming Improvise Private Limited has 4 board changes on record since 2017: 4 appointments. The latest: Gulistan Ahmed was appointed as Director on 14 Dec 2020.
Frequently asked questions
Forming Improvise is an active private limited company based in Ranchi, Jharkhand, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 December 2017 (9+ years old) and is registered under CIN U80100JH2017PTC010766.
Forming Improvise has 4 current directors:
- Sumit Kumar Suman - Director
- Satish Kumar - Director
- Gulistan Ahmed - Director
- Shahnawaaz Ahmed Choudhary - Director
The latest financial statements of Forming Improvise 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 FY 2018 are in the company report.
The GSTIN of Forming Improvise is 20AAGCV2065D1ZU, registered in Jharkhand. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Forming Improvise is U80100JH2017PTC010766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forming Improvise was incorporated on 11 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ranchi.
Gulistan Ahmed was appointed as Director on 14 Dec 2020. Shahnawaaz Ahmed Choudhary was appointed as Director on 14 Dec 2020. Satish Kumar was appointed as Director on 11 Dec 2017. Forming Improvise has 4 board changes on record in total.
The registered office of Forming Improvise is at Kali Mandir Lane Opposite Rambilash Petrol Pump Ratu Road Sukhdeo Nagar, Ranchi, Jharkhand, India – 834001.
Forming Improvise operates in the infrastructure and utilities industry, in the general construction services segment.
The compliance status of Forming Improvise is compliant as of 26 July 2026. The company is actively filing with the Registrar of Companies.