About Forward AI India Solutions Private Limited
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Forward AI India Solutions Private Limited is a foreign private limited company based in Chandigarh, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 March 2022.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900CH2022FTC044225. Its GSTIN is 03AAECF9512F1ZY (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Harnek Singh Chandi and Gurdial Singh Josan.
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 House No 330 Advocate Society Sector 49A, Chandigarh, India – 160047.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.28 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹28.7 Lakh (net margin 3.9%) and EBITDA of ₹43.57 Lakh (EBITDA margin 6%).
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ForwardAI.
For more details, the company can be reached via its website forwardai.com.
Company details
Contact details
Forward AI India Solutions Private Limited's registered office is in Chandigarh, Chandigarh.
- Social Media
- Registered AddressHouse No 330 Advocate Society Sector 49A, Chandigarh, India – 160047
- IndustryInformation Technology, IT Consulting & Support 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
Brands
Forward AI India Solutions operates one associated brand: ForwardAI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers API-based accounting solutions for banks and lenders. | forwardai.com |
Business activity
The main business activity of Forward AI India Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Forward AI India Solutions Private Limited, buy the company report.
Financials of Forward AI India Solutions Private Limited
FY 2025 filings availableForward AI India Solutions Private Limited reported revenue of ₹7.28 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. EBITDA fell 35% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹43.57 Lakh | ||
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| Net Profit (PAT) | ₹28.7 Lakh | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 6% | ||
| Net Profit Margin | 3.9% | ||
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To see the full financial statements and ratios of Forward AI India Solutions Private Limited, buy the company report.
Board of directors of Forward AI India Solutions Private Limited
Forward AI India Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harnek Singh Chandi | Director | 03 Mar 2022 | 4 Years 7 Months | Current |
| Gurdial Singh Josan Also directs: Hashchain Fintech LLP | Director | 03 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Forward AI India Solutions Private Limited is compared with the 5 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iocfo Consulting Private Limited | ₹7.28 Cr (FY 2024) | 9.0% | Pune, Maharashtra, India | |||
| Winday Info Tech Private Limited | ₹7.28 Cr (FY 2024) | 24.0% | Medchal, Telangana, India | |||
| Forward AI India Solutions Private Limitedthis company | ₹7.28 Cr (FY 2024) | ₹28.7 Lakh | 3.9% | 9.0% | Chandigarh, India | |
| Systaldyn Consultancy Private Limited | ₹7.27 Cr (FY 2025) | 7.0% | Aundh, Maharashtra, India | |||
| Rave Infosys Private Limited | ₹7.27 Cr (FY 2025) | 4.0% | Indore, Madhya Pradesh, India | |||
| Navkiran Infotech (OPC) Private Limited | ₹7.27 Cr (FY 2025) | 42.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Forward AI India Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forward AI India Solutions 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 Forward AI India Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forward AI India Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECF9512F1ZY | Punjab | Active | 28 Apr 2022 |
To see the full GST registrations and return filing status of Forward AI India Solutions Private Limited, buy the company report.
Recent activity
Forward AI India Solutions Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Gurdial Singh Josan was appointed as Director on 03 Mar 2022.
News
Frequently asked questions
Forward AI India Solutions is an active foreign private limited company based in Chandigarh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 March 2022 (4+ years old) and is registered under CIN U72900CH2022FTC044225.
Forward AI India Solutions has 2 current directors:
- Harnek Singh Chandi - Director
- Gurdial Singh Josan - Director
The latest financial statements of Forward AI India Solutions 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 FY 2022 are in the company report.
The GSTIN of Forward AI India Solutions is 03AAECF9512F1ZY, registered in Punjab.
The CIN (Corporate Identification Number) of Forward AI India Solutions is U72900CH2022FTC044225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forward AI India Solutions was incorporated on 03 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Forward AI India Solutions by revenue are Iocfo Consulting Private Limited, Winday Info Tech Private Limited, Systaldyn Consultancy Private Limited, Rave Infosys Private Limited, Navkiran Infotech (OPC) Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Gurdial Singh Josan was appointed as Director on 03 Mar 2022. Harnek Singh Chandi was appointed as Director on 03 Mar 2022.
Forward AI India Solutions can be reached through the website forwardai.com. Its registered office is in Chandigarh, India.
The registered office of Forward AI India Solutions is at House No 330 Advocate Society Sector 49A, Chandigarh, India – 160047.
Forward AI India Solutions operates in the information technology industry, in the IT consulting and support services segment.