Forward Financial Services Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1986.
1986 Mumbai, Maharashtra, India Active
Last Updated:
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About Forward Financial Services Limited

Forward Financial Services Limited, a active public limited company, was established on 03 April 1986 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65900MH1986PLC039445. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹6.00 Cr and a paid-up capital of ₹2.43 Cr.

Formerly known as Forward Management Consultants Pvt Ltd. It upholds a compliant status. Its leadership includes Deepak Wagle (Director), Jyoti Deepak Wagle (Director), Kavita Arijit Chakravorty (Director). It holds ₹1.00 Cr open charges and no settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at Flat No. 51, 5Th Floor, Mamta 'D', 926, A.M. Marg, Next To Andhra Bank, Prabhade, Vi,, Mumbai, Maharashtra, 400025.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65900MH1986PLC039445

  • Registration Number

    039445

  • Incorporation Date

    03 April 1986

  • Authorized Capital

    ₹6.00 Cr

  • Paid-Up Capital

    ₹2.43 Cr

  • ROC Code

    Roc Mumbai I

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 2.43 Cr
  • Company Age 40 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.00 Cr
  • Revenue Growth **** -73.34%
  • Profit Growth **** -234.08%
  • Ebitda **** -107.56%
  • Net Worth -7.55%
  • Total Assets -9.54%
Company report

Forward Financial Services Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Forward Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Forward Financial Services Limited?
Current Directors
Name Designation Appointment Date Status
Deepak Wagle Director 03 Apr 1986 Current
Jyoti Deepak Wagle Director 03 Apr 1986 Current
Kavita Arijit Chakravorty Director 29 Jan 1997 Current

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Financial Performance of Forward Financial Services.

Forward Financial Services Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 73.34% decrease. The company also saw a substantial fall in profitability, with a 234.08% decrease in profit. The company's net worth dipped by a decrease of 7.55%.

Forward Financial Services revenue growth over time
Forward Financial Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -73.34%
*******
*******
*******
*******
Revenue from Operations
*******
 -100.00%
*******
*******
*******
*******
Total Assets
*******
 -9.54%
*******
*******
*******
*******
Profit or Loss
*******
 -234.08%
*******
*******
*******
*******
Net Worth
*******
 -7.55%
*******
*******
*******
*******
EBITDA
*******
 -107.56%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Forward Financial Services?

In 2023, Forward Financial Services had a promoter holding of 29.37% and a public holding of 70.63%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹10,024,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 1.00 Cr
  • The Saraswat Co-Operative Bank Ltd.; : 0.00 Cr
Latest Charge Details
Date Lender Amount Status
28 Oct 2024 Others ₹1.00 Cr Open
15 Jan 1990 The Saraswat Co-Operative Bank Ltd.; ₹0.02 M Open

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How Many Employees Work at Forward Financial Services?

Unlock and access historical data on people associated with Forward Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Forward Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Forward Financial Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Forward Financial Services
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101004880 was registered on 28 Oct 2024. was documented.

  • Annual General Meeting

    Forward Financial Services Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Forward Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I. was completed.

  • Director Appointment

    The activity Kavita Arijit Chakravorty was appointed as a Director was appointed as a Director on 29 Jan 1997 & has been associated with this company since 29 years 3 months . was completed.

  • Charges

    Progress on A charge with The Saraswat Co-Operative Bank Ltd.; amounted to Rs. 0.00 Cr with Charge ID 90347998 was registered on 15 Jan 1990. was documented.

  • Director Appointment

    The activity Deepak Wagle was appointed as a Director was appointed as a Director on 03 Apr 1986 & has been associated with this company since 40 years 1 month . was completed.

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Frequently Asked Questions
What is the CIN of Forward Financial Services Limited?

The CIN of Forward Financial Services Limited is U65900MH1986PLC039445.

Where is Forward Financial Services Limited headquartered?

Forward Financial Services Limited is headquartered at Flat No. 51, 5Th Floor, Mamta 'D', 926, A.M. Marg, Next To Andhra Bank, Prabhade, Vi,, Mumbai, Maharashtra, 400025.

When was Forward Financial Services Limited incorporated?

Forward Financial Services Limited was incorporated on 03 April 1986.

Who are the current directors of Forward Financial Services Limited?

The current directors of Forward Financial Services Limited are

What is the primary industry of Forward Financial Services Limited?

The primary industry of Forward Financial Services Limited is Financial And Insurance Service.

Is Forward Financial Services Limited a listed company?

Forward Financial Services Limited is unlisted.

What is the capital structure of Forward Financial Services Limited?

The authorized capital of Forward Financial Services Limited is ₹6.00 Cr, and the paid-up capital is ₹2.43 Cr.

What is the compliance status of Forward Financial Services Limited?

The compliance status of Forward Financial Services Limited is Compliant.

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