Foremost Industries (India) Limited
About Foremost Industries (India) Limited
Data last updated:
Foremost Industries (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 06 January 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U68100MH1968PLC013896. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.05 Cr. It was formerly known as Foremost Dairies Limited. It is led by directors including Sheela Nautiyal and Rakesh Vashist.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit B – 501 36 Turner Road Bandra(West) Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.06 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹56.7 Lakh (net margin -376.5%) and EBITDA of -₹56.7 Lakh (EBITDA margin -376.5%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr on record. Court records list 77 cases involving the company, including 22 filed by the company and 55 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Foremost Industries (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U68100MH1968PLC013896, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68100MH1968PLC013896 | Current |
| U15200MH1968PLC013896 | Previous |
| L15200MH1968PLC013896 | Previous |
Contact details
Foremost Industries (India) Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressUnit B – 501 36 Turner Road Bandra(West) Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050
- IndustryFood and Beverages, Dairy Products & Milk Processing
- 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
Financials of Foremost Industries (India) Limited
FY 2025 filings availableForemost Industries (India) Limited reported revenue of ₹15.06 Lakh (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 80% fall in the latest year. EBITDA rose 90% 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 |
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| EBITDA | -₹56.7 Lakh | ||||
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| Net Profit (PAT) | -₹56.7 Lakh | ||||
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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 | -376.5% | ||||
| Net Profit Margin | -376.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Foremost Industries (India) Limited, buy the company report.
Board of directors of Foremost Industries (India) Limited
Foremost Industries (India) has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheela Nautiyal Also directs: Gomantak Eximis Limited | Director | 07 Dec 2023 | 2 Years 10 Months | Current |
| Rakesh Vashist | Director | 01 Oct 2006 | 20 Years 0 Months | Current |
| Saurav Vashist | Director | 03 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Foremost Industries (India) Limited is compared with the 10 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ashbha Industries Private Limited | ₹15.6 Lakh (FY 2022) | Kapurthala, Punjab, India | ||||
| Samanwaya Agro & Dairy Products India Private Limited | ₹15.5 Lakh (FY 2016) | -23.0% | Thrissur, Kerala, India | |||
| Iceberg Walnut Foods (India) Private Limited | ₹15.48 Lakh (FY 2024) | -32.0% | Chennai, Tamil Nadu, India | |||
| Drupe Foods India Private Limited | ₹15.23 Lakh (FY 2024) | -23.0% | Delhi, India | |||
| Milkoji Dairy Farms Private Limited | ₹15.21 Lakh (FY 2022) | 45.0% | Khed, Maharashtra, India | |||
| Foremost Industries (India) Limitedthis company | ₹15.06 Lakh (FY 2025) | -₹56.7 Lakh | -376.5% | -80.0% | Mumbai, Maharashtra, India | |
| White-Buffalo Dairy Private Limited | ₹15.03 Lakh (FY 2025) | -14.0% | Pune, Maharashtra, India | |||
| Bakhla Foods Private Limited | ₹14.81 Lakh (FY 2024) | 156.0% | Mumbai, Maharashtra, India | |||
| Valuon Farms Private Limited | ₹14.65 Lakh (FY 2020) | -3.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Changal Farmers Producer Company Limited | ₹14.56 Lakh (FY 2023) | 55.0% | Sangrur, Punjab, India | |||
| Mascot Frozen Foods Private Limited | ₹14.53 Lakh (FY 2024) | -96.0% | Eranakulam, Kerala, India |
To see the full peer comparison of Foremost Industries (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2016 | 100076262 | Others | ₹5 Cr | Open | |
| 06 Sep 2016 | 100076238 | Others | ₹5 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Foremost Industries (India) Limited has 77 court cases on record: 22 filed by Foremost Industries (India), 55 filed against it. 6 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 35 | 2 |
| High courts | 35 | 17 | 4 |
| Supreme Court | 6 | 3 | 0 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Consumer Finance Ltd. | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TE) | Filed against the company by Larsen and Toubro Limited | Disposed |
| Bombay High Court | Court case (N) | Filed against the company by M/S. Super Tannery (India) Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by Vadilal Industries Limited | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by M/S. Super Tannery (India) Ltd. | Disposed |
To see the full case history of Foremost Industries (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Foremost Industries (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Foremost Industries (India) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Foremost Industries (India) Limited, buy the company report.
Recent activity
Foremost Industries (India) Limited has 12 board changes on record since 2006: 3 appointments and 9 cessations. The latest: Gagan Swani ceased to be Additional Director on 07 Dec 2023.
5 earlier events are in the company report.
Frequently asked questions
Foremost Industries (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 06 January 1968 (58+ years old) and is registered under CIN U68100MH1968PLC013896.
Foremost Industries (India) has 3 current directors:
- Sheela Nautiyal - Director
- Rakesh Vashist - Director
- Saurav Vashist - Director
The latest financial statements of Foremost Industries (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Foremost Industries (India) has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Foremost Industries (India) is U68100MH1968PLC013896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foremost Industries (India) has 77 court cases on record: 22 filed by the company and 55 filed against it. 6 are pending. Most are in the district courts.
Foremost Industries (India) was incorporated on 06 January 1968, making it 58+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Foremost Industries (India) by revenue are Ashbha Industries Private Limited, Samanwaya Agro & Dairy Products India Private Limited, Iceberg Walnut Foods (India) Private Limited, Drupe Foods India Private Limited, Milkoji Dairy Farms Private Limited and 5 more, all in the Food and Beverages industry (Milk and Dairy Products).
Gagan Swani ceased to be Additional Director on 07 Dec 2023. Sheela Nautiyal was appointed as Director on 07 Dec 2023. Saurav Vashist ceased to be Additional Director on 29 Sep 2017. Foremost Industries (India) has 12 board changes on record in total.
The registered office of Foremost Industries (India) is at Unit B – 501 36 Turner Road BandraWest Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050.
Foremost Industries (India) operates in the food and beverages industry, in the dairy products and milk processing segment.