MSME (Udyam registered) Ministry of MSME
- Category
- Small (2021-22)
- Udyam number
- UDYAM-TN-02-0008416
Forte Solutions Private Limited - business outsourcing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹45.12 Cr
▼ 37% YoY
Net profit · FY 2020
₹92.29 Lakh
Net margin 2%
EBITDA · FY 2020
₹3.45 Cr
EBITDA margin 7.6%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹15.75 Cr
Satisfied ₹12.1 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
78
Provident fund records
About Forte Solutions Private Limited
Data last updated:
Forte Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 07 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2004PTC052283. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors Mala Ponnuswamy (Whole-Time Director) and Sudhakar Alaguvelu.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at New No. 20 Old No. 16 3rd Cross Street West Cit Nagar, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2020, the company reported a revenue of ₹45.12 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹92.29 Lakh (net margin 2%) and EBITDA of ₹3.45 Cr (EBITDA margin 7.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 10% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.75 Cr and satisfied charges of ₹12.1 Cr on record. Court records list 24 cases involving the company, including 3 filed by the company and 21 filed against it; 4 cases are pending.
Forte Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0008416). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theforte.com.
Company details
CIN U72900TN2004PTC052283
Registration Number 052283
Incorporation Date 07 January 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0008416
Recognitions & Rankings of Forte Solutions
Contact details
Forte Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is theforte.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNew No. 20 Old No. 16 3rd Cross Street West Cit Nagar, Chennai, Tamil Nadu, India – 600035
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Forte Solutions Private Limited, buy the company report.
Comprehensive company report
Forte Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Forte Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Forte Solutions Private Limited, buy the company report.
Financials of Forte Solutions Private Limited
FY 2020 filings availableForte Solutions Private Limited reported revenue of ₹45.12 Cr (down 37% YoY) for FY 2020.
Revenue · FY 2020
₹45.12 Cr ▼ 37%
Net profit · FY 2020
₹92.29 Lakh margin 2%
EBITDA · FY 2020
₹3.45 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 18%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 10%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 37% fall in the latest year. EBITDA fell 12% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹45.12 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹92.29 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Forte Solutions Private Limited, buy the company report.
Board of directors of Forte Solutions Private Limited
Forte Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhakar Alaguvelu | Director | 11 Jul 2014 | 12 Years 3 Months | Current |
| Mala Ponnuswamy | Whole-Time Director | 07 Jan 2004 | 22 Years 9 Months | Current |
Auditor
Forte Solutions Private Limited is audited by RAMAN ASSOCIATE for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMAN ASSOCIATE | FY 2020 | 002910S |
Shareholding
The shareholding of Forte Solutions Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forte Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.75 Cr
Satisfied charges
₹12.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2019 | 100246758 | Others | ₹15.5 Cr | Open | |
| 08 Jan 2014 | 10470339 | Janalakshmi Financial Services Private Limited | ₹25 Lakh | Open | |
| 05 Aug 2015 | 10584829 | Bank of India | ₹1.5 Cr | Satisfied | |
| 22 Feb 2013 | 10410753 | Bank of India | ₹2.1 Cr | Satisfied | |
| 18 Feb 2013 | 10410749 | Bank of India | ₹7.5 Cr | Satisfied |
To see the full charge records of Forte Solutions Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Forte Solutions Private Limited has 24 court cases on record: 3 filed by Forte Solutions, 21 filed against it. 4 cases are pending and 20 are disposed.
Total cases
24
Filed by the company
3
Filed against the company
21
Pending
4
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 13 | 0 |
| District courts | 8 | 8 | 4 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Neogrowth Credit Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by M/S Bajaj Finance Limited Rep by Its Poa U Rajeswaran | Disposed |
| High Court, TAMIL NADU | Original application | Filed against the company by Eicher Motors Limited | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed against the company by Eicher Motors Limited | Disposed |
To see the full case history of Forte Solutions 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
No delayed payments to MSME suppliers are on our record for Forte Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Forte Solutions Private Limited has a workforce of 78 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
78
Active EPFO establishments
1
Employee growth
-88.29%
GST
Forte Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Forte Solutions Private Limited, buy the company report.
Recent activity
Forte Solutions Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Padmanaban Nirmala ceased to be Director on 08 Jun 2020.
AGM
Forte Solutions Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Charges
A charge with Others of Rs. 15.50 Cr registered on 25 Feb 2019 with Charge ID 100246758 was modified on 08 Oct 2020.
Ceased
Padmanaban Nirmala ceased to be Director.
Filing
Forte Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Chennai.
Charges
A charge registered on 22 Feb 2013 via Charge ID 10410753 with Bank Of India was fully satisfied on 30 May 2019.
Charges
A charge registered on 18 Feb 2013 via Charge ID 10410749 with Bank Of India was fully satisfied on 30 May 2019.
Charges
A charge with Others amounted to Rs. 15.50 Cr with Charge ID 100246758 was registered on 25 Feb 2019.
Charges
A charge with Bank Of India of Rs. 7.50 Cr registered on 18 Feb 2013 with Charge ID 10410749 was modified on 20 Jul 2017.
Charges
A charge registered on 05 Aug 2015 via Charge ID 10584829 with Bank Of India was fully satisfied on 03 Nov 2015.
Charges
A charge with Bank Of India amounted to Rs. 1.50 Cr with Charge ID 10584829 was registered on 05 Aug 2015.
Ceased
Sudhakar Alaguvelu ceased to be Additional Director.
Appointed
Sudhakar Alaguvelu was appointed as Director.
8 earlier events are in the company report.
Frequently asked questions
Forte Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 07 January 2004 (22+ years old) and is registered under CIN U72900TN2004PTC052283.
Forte Solutions has 2 current directors:
- Mala Ponnuswamy - Whole-Time Director
- Sudhakar Alaguvelu - Director
The latest financial statements of Forte Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Forte Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Forte Solutions is U72900TN2004PTC052283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forte Solutions has 24 court cases on record: 3 filed by the company and 21 filed against it. 4 are pending. Most are in the high courts.
Forte Solutions was incorporated on 07 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Padmanaban Nirmala ceased to be Director on 08 Jun 2020. Sudhakar Alaguvelu ceased to be Additional Director on 24 Sep 2014. Sudhakar Alaguvelu was appointed as Director on 11 Jul 2014. Forte Solutions has 4 board changes on record in total.
Yes, Forte Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0008416).
Forte Solutions can be reached through the website theforte.com. Its registered office is in Chennai, Tamil Nadu, India.