About Forace Polymers Private Limited
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Forace Polymers Private Limited is a private limited company based in Haridwar, Uttarakhand, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 27 December 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U15142UR1980PTC005172. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹111.55 Cr and a paid-up capital of ₹105.44 Cr. It is led by directors including Vikas Garg (Managing Director) and Saksham Garg.
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 Delhi Hardwar Road Bahadrabad Hardwar, Haridwar, Uttarakhand, India – 249402.
As per the financials filed for FY 2025, the company reported a revenue of ₹157.08 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹44.49 Lakh (net margin 0.3%) and EBITDA of ₹2.1 Cr (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 16% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Forace Group. As per MCA filings, the company has open charges of ₹125.1 Cr and satisfied charges of ₹505.75 Cr on record. Court records list 45 cases involving the company, including 28 filed by the company and 17 filed against it; 12 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.39 Cr; the latest was in March 2024. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 7 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foracepolymers.net.
Company details
CIN history
Forace Polymers has one previous CIN (Corporate Identification Number): U15142UP1980PTC005172. The current CIN is U15142UR1980PTC005172, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15142UR1980PTC005172 | Current |
| U15142UP1980PTC005172 | Previous |
Contact details
Forace Polymers Private Limited's registered office is in Haridwar, Uttarakhand. Its website is foracepolymers.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDelhi Hardwar Road Bahadrabad Hardwar, Haridwar, Uttarakhand, India – 249402
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Forace Polymers 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
Brands
Forace Polymers operates one associated brand: Forace Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polymer manufacturing and supply services in the chemicals sector. | foracepolymers.net |
Business activity
The main business activity of Forace Polymers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Forace Polymers Private Limited, buy the company report.
Financials of Forace Polymers Private Limited
FY 2025 filings availableForace Polymers Private Limited reported revenue of ₹157.08 Cr (down 77% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 77% fall in the latest year. EBITDA fell 95% 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 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹157.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.49 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Forace Polymers Private Limited, buy the company report.
Board of directors of Forace Polymers Private Limited
Forace Polymers has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saksham Garg Also directs: Forace Speciality Chem Private Limited | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
| Vikas Garg | Managing Director | 17 Jan 2007 | 19 Years 9 Months | Current |
| Dipak Kumar Ghosh Also directs: Forace Speciality Chem Private Limited | Director | 26 Nov 2008 | 17 Years 11 Months | Current |
| Sonia Garg | Director | 17 Jan 2007 | 19 Years 9 Months | Current |
| Suresh Chandra Gupta Also directs: Forace Speciality Chem Private Limited | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
Auditor
Forace Polymers Private Limited is audited by Hemant Arora & Co. Llp for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hemant Arora & Co. Llp | FY 2025 | 002141C/C400006 |
Shareholding
The shareholding of Forace Polymers Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forace Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2025 | 101104448 | Hdfc Bank Limited | ₹39.8 Lakh | Open | |
| 23 Dec 2024 | 101028271 | Hdfc Bank Limited | ₹93.6 Lakh | Open | |
| 27 Sep 2024 | 101006263 | Hdfc Bank Limited | ₹46.1 Lakh | Open | |
| 30 Oct 2023 | 100813759 | Hdfc Bank Limited | ₹31.8 Lakh | Open | |
| 08 Sep 2023 | 100794460 | Hdfc Bank Limited | ₹8.99 Lakh | Open |
To see the full charge records of Forace Polymers Private Limited, buy the company report.
Total charge records: 71 View all charges
Deals & funding
Forace Polymers Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.39 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Vikas Garg HUF, an individual Seller: Raipur Durg Projects Limited, Label Buildcon Private Limited , Complete Equity Private Limited |
| Jan 2012 | Funding round | ₹5.95 Cr | Investors: Madhav Fincap Private Limited , Ortem Equity Private Limited , Ladliji Enterprises Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Alberta Merchants Pvt. Ltd. , BeeKey Chemicals Private Limited, Mudrika Stationery Pvt. Ltd. |
| Mar 2011 | Funding round | ₹3.27 Cr | Investors: Turbinado Trading Limited , Golden Mercantiles Limited, Pine View Portfolio Consultants Private Limited |
| Mar 2010 | Funding round | ₹1.17 Cr | Investors: Arrow Equity Private Limited , Rudra Rubbers Private Limited, an individual |
To see the full deal history of Forace Polymers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Forace Polymers Private Limited has 45 court cases on record: 28 filed by Forace Polymers, 17 filed against it. 12 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 9 | 5 |
| High courts | 11 | 6 | 7 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Dehradun, Uttarakhand | Commercial suit | Filed by the company against Kritha Convertors Pvt. Ltd. | Pending |
| District court, Haridwar, Uttarakhand | Criminal case | Filed by the company against M/S Excel Hi Tech Pvt Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Jai Balaji Industries Limited | Disposed |
| District court, Haridwar, Uttarakhand | Court case (Original Civil Suits) | Filed by the company against Ms Tayal Inorganic Pvt. Ltd. | Disposed |
| District court, Haridwar, Uttarakhand | Court case (Original Civil Suits) | Filed by the company against Ms Bagree Alloys Ltd. | Disposed |
To see the full case history of Forace Polymers 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.
Credit ratings & regulatory alerts
Forace Polymers Private Limited was last rated by Brickwork on 08 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 08 Nov 2021 |
To see the full credit ratings and regulatory alerts of Forace Polymers Private Limited, buy the company report.
MSME payment delays
Forace Polymers Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 7 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aditya Overseas | |||
| J.M. Petrochemicals Private Limited | |||
| R S Organics Private Limited | |||
| Shubham Chemicals and Solvents Limited | |||
| Haresh Petrochem Private Limited |
To see the full MSME payment records of Forace Polymers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Forace Polymers Private Limited has a workforce of 20 employees on its EPFO records as of Feb 24, 2026, across 1 active EPFO establishment.
GST
Forace Polymers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Forace Polymers Private Limited, buy the company report.
Recent activity
Forace Polymers Private Limited has 9 board changes on record since 2007: 6 appointments and 3 cessations. The latest: Neha Ahuja was appointed as Company Secretary on 01 Jun 2023.
135 earlier events are in the company report.
Frequently asked questions
Forace Polymers is an active private limited company based in Haridwar, Uttarakhand, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 27 December 1980 (46+ years old) and is registered under CIN U15142UR1980PTC005172.
Forace Polymers has 5 current directors:
- Vikas Garg - Managing Director
- Saksham Garg - Director
- Dipak Kumar Ghosh - Director
- Sonia Garg - Director
- Suresh Chandra Gupta - Director
The latest financial statements of Forace Polymers 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 2015 are in the company report.
No. Forace Polymers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Forace Polymers is U15142UR1980PTC005172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forace Polymers has 45 court cases on record: 28 filed by the company and 17 filed against it. 12 are pending. Most are in the district courts.
Forace Polymers was incorporated on 27 December 1980, making it 46+ years old. It is registered with the Registrar of Companies, Uttarakhand.
Forace Polymers has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.39 Cr; the latest was in March 2024.
Neha Ahuja was appointed as Company Secretary on 01 Jun 2023. Saksham Garg ceased to be Additional Director on 31 Dec 2020. Saksham Garg was appointed as Director on 10 Jul 2020. Forace Polymers has 9 board changes on record in total.
Forace Polymers has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 7 overdue payments to 5 micro and small suppliers. The latest return was filed on 02 Jun 2019.
Forace Polymers can be reached through the website foracepolymers.net. Its registered office is in Haridwar, Uttarakhand, India.