Forward Securities Limited

Forward Securities Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U65921MH1984PLC032495 Incorporated 27 March 1984 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company financial services
Data last updated
Revenue · FY 2025
₹5,472
▼ 99% YoY
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹4.21 Cr
Issued & subscribed
Open charges
₹4.92 Cr
Secured borrowings
Company age
42 yrs
Est. 1984
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
Last AGM
30 Sep 2025
Annual general meeting

About Forward Securities Limited

Data last updated:

Forward Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 27 March 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65921MH1984PLC032495.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.21 Cr. It was formerly known as Wagle Leasing & Marketing P Ltd. It is led by directors including Deepak Wagle and Jyoti Deepak Wagle.

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 A – 1/5 Samruddhi Baburaoparulekar Marg Opp Bhavani Shanker Road Dadar(W), Mumbai, Maharashtra, India – 400025.

As per MCA filings, the company has open charges of ₹4.92 Cr on record. Court records list 56 cases involving the company, including 21 filed by the company and 35 filed against it; 21 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of Forward Securities Limited
CIN U65921MH1984PLC032495
Registration Number 032495
Incorporation Date 27 March 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Deepak Wagle Director Jyoti Deepak Wagle Director Kavita Arijit Chakravorty Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    A – 1/5 Samruddhi Baburaoparulekar Marg Opp Bhavani Shanker Road Dadar(W), Mumbai, Maharashtra, India – 400025
  • Industry
    Financial Services, Diversified Financial Services
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Financials, compliance, directors, charges, ownership and filings for Forward Securities Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Forward Securities Limited FY 2025 filings available

Forward Securities Limited reported revenue of ₹5,472 (down 99% YoY) for FY 2025.

Revenue · FY 2025
₹5,472 ▼ 99%

Compounded Annual Growth Rate (CAGR) of Forward Securities Limited

Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 6%
5 years · compounded
▼ 5%

Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 99% fall 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 of Forward Securities Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)••••••••••••••••••••
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 of Forward Securities Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin••••••••••••••••••••
Net Profit Margin••••••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Forward Securities are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Forward Securities Limited

Forward Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Eresolv Services India Private Limited₹5,532 (FY 2021)••••••••-100.0%••••Delhi, India
Vinita Packaging Private Limited₹5,500 (FY 2025)••••••••-21.0%••••Kolkata, West Bengal, India
Plutus Associates Private Limited₹5,500 (FY 2025)••••••••22.0%••••Faridabad, Haryana, India
Guru Retails Private Limited₹5,500 (FY 2025)••••••••38.0%••••Kolkata, West Bengal, India
Kindle Ventures Private Limited₹5,500 (FY 2024)••••••••••••Kolkata, West Bengal, India
Forward Securities Limited this company₹5,472 (FY 2025)••••••••-99.0%••••Mumbai, Maharashtra, India
Mahalakshmi Leasing Ltd₹5,459 (FY 2025)••••••••23.0%••••Secunderabad, Telangana, India
Ambo Credit Pvt Ltd₹5,401 (FY 2024)••••••••-21.0%••••Kolkata, West Bengal, India
Chemicals India Manufacturing & Marketing Pvt Ltd₹5,400 (FY 2025)••••••••••••Kolkata, West Bengal, India
Rover Tradelinks Private Limited₹5,400 (FY 2022)••••••••-44.0%••••Kolkata, West Bengal, India
Onceover Property Private Limited₹5,400 (FY 2025)••••••••13.0%••••North 24 Parganas, West Bengal, India

Peers are the five companies nearest above and the five nearest below Forward Securities by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Forward Securities Limited

Auditor information for Forward Securities Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.

Board of Directors of Forward Securities Limited

Forward Securities has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepak Wagle
Also directs: Deepjyoti Electronics Private Limited, Forward Televisions Limited, Forward Financial Services Limited and 3 more
Director27 Mar 198442 Years 6 MonthsCurrent
Jyoti Deepak Wagle
Also directs: Deepjyoti Electronics Private Limited, Forward Televisions Limited, Forward Financial Services Limited and 3 more
Director27 Mar 198442 Years 6 MonthsCurrent
Kavita Arijit Chakravorty
Also directs: Forward Televisions Limited, Forward Financial Services Limited
Director29 Jan 199729 Years 8 MonthsCurrent
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Ownership and Shareholding of Forward Securities Limited

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Shareholding and ownership data

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Charges & Borrowings of Forward Securities Limited

Open charges
₹4.92 Cr
Satisfied charges
None
Breakdown by lending institutions
The United Western Bank Ltd.₹1.35 Cr
Central Bank of India₹1.23 Cr
Uco Bank₹0.63 Cr
Bank of Baroda₹0.50 Cr
Vijaya Bank₹0.40 Cr
Others₹0.81 Cr
Latest charge details
DateLenderAmountStatus
23 Feb 1995Central Bank of India₹60 LakhOpen
23 Feb 1994The United Western Bank Ltd.₹70 LakhOpen
22 Oct 1990Central Bank of India₹38 LakhOpen
31 May 1989Industrial Finance Corporation of India₹24.64 LakhOpen
07 Nov 1988Industrial Finance Corporation of India₹3.35 LakhOpen

Total charge records: 17 View all charges

Employees and EPFO Compliance at Forward Securities Limited

Employment history and EPFO contributions of people linked to Forward Securities.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Forward Securities Limited

Forward Securities Limited has 3 board changes on record since 1984: 3 appointments. The latest: Kavita Arijit Chakravorty was appointed as Director on 29 Jan 1997.

AGM
Forward Securities Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Forward Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Kavita Arijit Chakravorty was appointed as Director.
Charges
A charge with Central Bank Of India amounted to Rs. 0.60 Cr with Charge ID 90357159 was registered on 23 Feb 1995.
Charges
A charge with The United Western Bank Ltd. amounted to Rs. 0.70 Cr with Charge ID 90357081 was registered on 23 Feb 1994.
Charges
A charge with Central Bank Of India amounted to Rs. 0.38 Cr with Charge ID 90356892 was registered on 22 Oct 1990.
Charges
A charge with Industrial Finance Corporation Of India amounted to Rs. 0.25 Cr with Charge ID 90355806 was registered on 31 May 1989.
Charges
A charge with Industrial Finance Corporation Of India amounted to Rs. 0.03 Cr with Charge ID 90355783 was registered on 07 Nov 1988.
Charges
A charge with The United Western Bank Ltd. of Rs. 0.05 Cr registered on 18 Aug 1987 with Charge ID 90356345 was modified on 14 Jun 1988.
Charges
A charge with The United Western Bank Ltd. of Rs. 0.25 Cr registered on 01 Oct 1986 with Charge ID 90356630 was modified on 14 Jun 1988.
Charges
A charge with The United Western Bank Ltd. amounted to Rs. 0.05 Cr with Charge ID 90356348 was registered on 18 Sep 1987.
Charges
A charge with The United Western Bank Ltd. amounted to Rs. 0.25 Cr with Charge ID 90356346 was registered on 29 Aug 1987.

13 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Forward Securities Limited

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Forward Securities Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Forward Securities Limited

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GST Compliance of Forward Securities Limited

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MCA Filings & Documents of Forward Securities Limited

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MCA filings and documents

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Frequently Asked Questions about Forward Securities Limited

Forward Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 27 March 1984 (42+ years old) and is registered under CIN U65921MH1984PLC032495.

Forward Securities has 3 current directors:

The CIN (Corporate Identification Number) of Forward Securities is U65921MH1984PLC032495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Forward Securities has 56 court cases on record: 21 filed by the company and 35 filed against it. 21 are pending. Most are in the high courts.

Forward Securities was incorporated on 27 March 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Forward Securities by revenue are Eresolv Services India Private Limited, Vinita Packaging Private Limited, Plutus Associates Private Limited, Guru Retails Private Limited, Kindle Ventures Private Limited and 5 more, all in the BFSI industry (Other Financial Services).

Kavita Arijit Chakravorty was appointed as Director on 29 Jan 1997. Deepak Wagle was appointed as Director on 27 Mar 1984. Jyoti Deepak Wagle was appointed as Director on 27 Mar 1984.

The registered office of Forward Securities is at A – 15 Samruddhi Baburaoparulekar Marg Opp Bhavani Shanker Road DadarW, Mumbai, Maharashtra, India – 400025.

Forward Securities has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.21 Cr.

Forward Securities operates in the financial services industry, in the diversified financial services segment.

No. Forward Securities is not listed on any stock exchange. It is an unlisted company.

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