MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0067694
Forms and Surfaces India Private Limited - manufacturing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹65.73 Cr
▼ 18% YoY
Net profit · FY 2024
₹4.01 Cr
Net margin 6.1%
EBITDA · FY 2024
₹7.38 Cr
EBITDA margin 11.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.97 Cr
Issued & subscribed
Open charges
₹14.66 Cr
Satisfied ₹6.55 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
174
Provident fund records
About Forms and Surfaces India Private Limited
Data last updated:
Forms and Surfaces India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Forms & Surfaces Inc. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 01 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27107PN2010FTC135431. Its GSTIN is 27AABCF4588J1Z8 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.97 Cr. It is led by directors Ashish Maheshwari (Managing Director) and Sagar Satappa Arbole.
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 Gat No. 396 Pune – Nagar Road Lonikand Village, Maharashtra, India – 412216.
As per the financials filed for FY 2024, the company reported a revenue of ₹65.73 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹4.01 Cr (net margin 6.1%) and EBITDA of ₹7.38 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company has about 174 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.66 Cr and satisfied charges of ₹6.55 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Forms and Surfaces India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0067694). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forms-surfaces.co.in.
Company details
CIN U27107PN2010FTC135431
Registration Number 135431
Incorporation Date 01 February 2010
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Forms & Surfaces Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0067694
Recognitions & Rankings of Forms and Surfaces India
Contact details
Forms and Surfaces India Private Limited's registered office is in Pune, Maharashtra. Its website is forms-surfaces.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No. 396 Pune – Nagar Road Lonikand Village, Maharashtra, India – 412216
- IndustryManufacturing, Construction Materials
To see the full contact details of Forms and Surfaces India Private Limited, buy the company report.
Comprehensive company report
Forms and Surfaces India Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activities of Forms and Surfaces India are manufacturing, construction and professional, scientific and technical. 6 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Forms and Surfaces India Private Limited, buy the company report.
Financials of Forms and Surfaces India Private Limited
FY 2025 filings availableForms and Surfaces India Private Limited reported revenue of ₹65.73 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹65.73 Cr ▼ 18%
Net profit · FY 2024
₹4.01 Cr margin 6.1%
EBITDA · FY 2024
₹7.38 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 18%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 4%
5 years · compounded
▼ 2%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 54% 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
| 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 | ₹7.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.01 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 6.1% | ||||
| 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 Forms and Surfaces India Private Limited, buy the company report.
Board of directors of Forms and Surfaces India Private Limited
Forms and Surfaces India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Satappa Arbole | Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Ashish Maheshwari | Managing Director | 16 Apr 2012 | 14 Years 6 Months | Current |
Peer comparison
Forms and Surfaces India Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LCP Building Products Private Limited | ₹67.12 Cr (FY 2025) | 24.0% | Chennai, Tamil Nadu, India | |||
| Forms and Surfaces India Private Limitedthis company | ₹65.73 Cr (FY 2024) | ₹4.01 Cr | 6.1% | -18.0% | 174 | Pune, Maharashtra, India |
| Winntra Peb and Roofing Systems Private Limited | ₹65.62 Cr (FY 2025) | -24.0% | Delhi, India | |||
| Raj Refractories Private Limited | ₹65.39 Cr (FY 2025) | -6.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Forms and Surfaces India Private Limited, buy the company report.
Auditor
Forms and Surfaces India Private Limited is audited by SNDA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNDA AND ASSOCIATES | FY 2023 | 128886W |
Shareholding
The shareholding of Forms and Surfaces India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forms and Surfaces India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.66 Cr
Satisfied charges
₹6.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2024 | 100953532 | Axis Bank Limited | ₹2.17 Cr | Open | |
| 31 May 2022 | 100576768 | Others | ₹10 Cr | Open | |
| 16 Sep 2019 | 100298589 | Hdfc Bank Limited | ₹2.25 Cr | Open | |
| 25 Feb 2019 | 100242809 | Axis Bank Limited | ₹24.5 Lakh | Open | |
| 25 Aug 2021 | 100490039 | Others | ₹3.3 Cr | Satisfied |
To see the full charge records of Forms and Surfaces India Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Forms and Surfaces India Private Limited has 1 court case on record: 1 filed by Forms and Surfaces India. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Forms and Surfaces India Private Limited, buy the company report.
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
Forms and Surfaces India Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 73 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Royal Engineering Solutions | |||
| Chemtech Speciality India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Forms and Surfaces India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Forms and Surfaces India Private Limited has a workforce of 174 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
174
Active EPFO establishments
1
Employee growth
4.19%
GST
Forms and Surfaces India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF4588J1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Forms and Surfaces India Private Limited, buy the company report.
Recent activity
Forms and Surfaces India Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Sagar Satappa Arbole ceased to be Director Appointed In Casual Vacancy on 29 Sep 2023.
AGM
Forms And Surfaces India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 25 Feb 2019 via Charge ID 100242801 with Axis Bank Limited was fully satisfied on 11 Sep 2025.
Charges
A charge registered on 03 Oct 2018 via Charge ID 100212131 with Axis Bank Limited was fully satisfied on 11 Sep 2025.
Filing
Forms And Surfaces India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Hdfc Bank Limited of Rs. 2.25 Cr registered on 16 Sep 2019 with Charge ID 100298589 was modified on 13 Sep 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.17 Cr with Charge ID 100953532 was registered on 18 Jul 2024.
Ceased
Sagar Satappa Arbole ceased to be Director Appointed In Casual Vacancy.
Appointed
Sagar Satappa Arbole was appointed as Director.
Charges
A charge with Others of Rs. 10.00 Cr registered on 31 May 2022 with Charge ID 100576768 was modified on 13 Dec 2022.
Ceased
Matthew Robert Vizzini ceased to be Director Appointed In Casual Vacancy.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100576768 was registered on 31 May 2022.
Charges
A charge registered on 25 Aug 2021 via Charge ID 100490039 with Others was fully satisfied on 25 May 2022.
34 earlier events are in the company report.
Frequently asked questions
Forms and Surfaces India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 01 February 2010 (16+ years old) and is registered under CIN U27107PN2010FTC135431.
Forms and Surfaces India has 2 current directors:
- Ashish Maheshwari - Managing Director
- Sagar Satappa Arbole - Director
The latest financial statements of Forms and Surfaces India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Forms and Surfaces India is 27AABCF4588J1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Forms and Surfaces India is U27107PN2010FTC135431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forms and Surfaces India has 1 court case on record: 1 filed by the company. 1 is pending.
Forms and Surfaces India was incorporated on 01 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Forms and Surfaces India by revenue are LCP Building Products Private Limited, Winntra Peb and Roofing Systems Private Limited, Raj Refractories Private Limited, all in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products).
Sagar Satappa Arbole ceased to be Director Appointed In Casual Vacancy on 29 Sep 2023. Sagar Satappa Arbole was appointed as Director on 27 Sep 2023. Matthew Robert Vizzini ceased to be Director Appointed In Casual Vacancy on 27 Sep 2022. Forms and Surfaces India has 7 board changes on record in total.
Yes, Forms and Surfaces India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0067694).
Forms and Surfaces India has 4 MSME Form 1 returns on record between 2019 and 2021, listing 73 overdue payments to 27 micro and small suppliers. The latest return was filed on 13 May 2021.
Forms and Surfaces India can be reached through the website forms-surfaces.co.in. Its registered office is in Pune, Maharashtra, India.