Forward Networks India Private Limited
About Forward Networks India Private Limited
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Forward Networks India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Forward Networks Inc.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2021FTC149552. Its GSTIN is 29AAECF6466E1ZF (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nikhil Ashok Handigol and Shreyaskumar Nandlal Mehta.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.68 Cr, a growth of 74% compared to the previous year. For the same year it recorded a net profit of ₹1.33 Cr (net margin 4.8%) and EBITDA of ₹2.28 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 548% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Forward Networks India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIndiqube Platina 2nd Floor, No. 15 Commissariat Road Ashok Nagar, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Forward Networks India 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
Business activity
The main business activity of Forward Networks India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Forward Networks India Private Limited, buy the company report.
Financials of Forward Networks India Private Limited
FY 2025 filings availableForward Networks India Private Limited reported revenue of ₹27.68 Cr (up 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 548% over three years, including 74% growth in the latest year. EBITDA rose 77% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹2.28 Cr | |||
| Profit Before Tax | ||||
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| Net Profit (PAT) | ₹1.33 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.2% | |||
| Net Profit Margin | 4.8% | |||
| 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 Forward Networks India Private Limited, buy the company report.
Board of directors of Forward Networks India Private Limited
Forward Networks India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Ashok Handigol | Director | 16 Jul 2021 | 5 Years 3 Months | Current |
| Shreyaskumar Nandlal Mehta | Director | 08 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Forward Networks India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Codognotto Logistics India Private Limited | ₹27.9 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Tringapps Research Labs Private Limited | ₹27.8 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Sangkaj Logisys Private Limited | ₹27.8 Cr (FY 2023) | 13.0% | Kolkata, West Bengal, India | |||
| Grameen Foundation for Social Impact | ₹27.77 Cr (FY 2025) | 50.0% | Gurugram, Haryana, India | |||
| Xbyte Technolabs Private Limited | ₹27.74 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Forward Networks India Private Limitedthis company | ₹27.68 Cr (FY 2025) | ₹1.33 Cr | 4.8% | 74.0% | 24 | Bangalore, Karnataka, India |
| Perfect Allied Safety and Security Services Private Limited | ₹27.65 Cr (FY 2024) | 22.0% | Kowkoor Village, Malkajgi, Telangana, India | |||
| Western Control Automation Private Limited | ₹27.61 Cr (FY 2024) | 85.0% | Bhiwadi, Rajasthan, India | |||
| Svarapps Technologies India Private Limited | ₹27.61 Cr (FY 2024) | 81.0% | Bangalore, Karnataka, India | |||
| Srinivasa Supply Chain Solutions Private Limited | ₹27.5 Cr (FY 2025) | 81.0% | Medchal Malkajgiri, Telangana, India | |||
| DG Micropronix Pvt Ltd | ₹27.5 Cr (FY 2025) | -17.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Forward Networks India Private Limited, buy the company report.
Auditor
Forward Networks India Private Limited is audited by HARIBHAKTI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIBHAKTI & CO LLP | FY 2023 | 103523W/W100048 |
Shareholding
The shareholding of Forward Networks India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Forward Networks India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forward Networks India 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
Forward Networks India Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 15 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Desai Haribhakti Consulting Private Limited | |||
| First Advantage Private Limited | |||
| Indiqube Spaces Limited | |||
| Aegis Infotech Private Limited | |||
| Mcgbs Private Limited |
To see the full MSME payment records of Forward Networks India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Forward Networks India Private Limited has a workforce of 24 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Forward Networks India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF6466E1ZF | Karnataka | Active | 09 Jun 2022 |
To see the full GST registrations and return filing status of Forward Networks India Private Limited, buy the company report.
Recent activity
Forward Networks India Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Atul Paliwal ceased to be Director on 08 Apr 2024.
Frequently asked questions
Forward Networks India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 July 2021 (5+ years old) and is registered under CIN U74999KA2021FTC149552.
Forward Networks India has 2 current directors:
- Nikhil Ashok Handigol - Director
- Shreyaskumar Nandlal Mehta - Director
The latest financial statements of Forward Networks India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Forward Networks India is 29AAECF6466E1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Forward Networks India is U74999KA2021FTC149552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forward Networks India was incorporated on 16 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Forward Networks India by revenue are Codognotto Logistics India Private Limited, Tringapps Research Labs Private Limited, Sangkaj Logisys Private Limited, Grameen Foundation for Social Impact, Xbyte Technolabs Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Atul Paliwal ceased to be Director on 08 Apr 2024. Shreyaskumar Nandlal Mehta was appointed as Director on 08 Apr 2024. Atul Paliwal was appointed as Director on 16 Jul 2021. Forward Networks India has 4 board changes on record in total.
Forward Networks India has 3 MSME Form 1 returns on record between 2023 and 2024, listing 15 overdue payments to 6 micro and small suppliers. The latest return was filed on 07 Nov 2023.
The registered office of Forward Networks India is at Indiqube Platina 2nd Floor, No. 15 Commissariat Road Ashok Nagar, Bangalore, Karnataka, India – 560025.
Forward Networks India operates in the information technology industry, in the IT consulting and support services segment.
The compliance status of Forward Networks India is compliant as of 25 August 2026. The company is actively filing with the Registrar of Companies.
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