Forward Securities Limited
About Forward Securities Limited
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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
Contact details
Forward Securities Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 1/5 Samruddhi Baburaoparulekar Marg Opp Bhavani Shanker Road Dadar(W), Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Forward Securities 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
Financials of Forward Securities Limited
FY 2025 filings availableForward Securities Limited reported revenue of ₹5,472 (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
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Financial Ratios
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To see the full financial statements and ratios of Forward Securities Limited, buy the company report.
Board of directors of Forward Securities Limited
Forward Securities has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Wagle Also directs: Deepjyoti Electronics Private Limited, Forward Televisions Limited, Forward Financial Services Limited and 3 more | Director | 27 Mar 1984 | 42 Years 7 Months | Current |
| Jyoti Deepak Wagle Also directs: Deepjyoti Electronics Private Limited, Forward Televisions Limited, Forward Financial Services Limited and 3 more | Director | 27 Mar 1984 | 42 Years 7 Months | Current |
| Kavita Arijit Chakravorty Also directs: Forward Televisions Limited, Forward Financial Services Limited | Director | 29 Jan 1997 | 29 Years 9 Months | Current |
Shareholding
The shareholding of Forward Securities Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
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| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
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| Others |
To see the full shareholding pattern of Forward Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 1995 | 90357159 | Central Bank of India | ₹60 Lakh | Open | |
| 23 Feb 1994 | 90357081 | The United Western Bank Ltd. | ₹70 Lakh | Open | |
| 22 Oct 1990 | 90356892 | Central Bank of India | ₹38 Lakh | Open | |
| 31 May 1989 | 90355806 | Industrial Finance Corporation of India | ₹24.64 Lakh | Open | |
| 07 Nov 1988 | 90355783 | Industrial Finance Corporation of India | ₹3.35 Lakh | Open |
To see the full charge records of Forward Securities Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Forward Securities Limited has 56 court cases on record: 21 filed by Forward Securities, 35 filed against it. 21 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 27 | 21 |
| District courts | 17 | 8 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHOCL) | Filed against the company by United Western Bank Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Tarkeshwara Hatcheries Pvt.Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Arvind Properties Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by United Western Bank Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Bank of Baroda | Disposed |
To see the full case history of Forward Securities 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 Forward Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Forward Securities Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
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.
13 earlier events are in the company report.
Frequently asked questions
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:
- Deepak Wagle - Director
- Jyoti Deepak Wagle - Director
- Kavita Arijit Chakravorty - Director
The latest financial statements of Forward Securities 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.
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.
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 operates in the financial services industry, in the diversified financial services segment.
Forward Securities has open charges of ₹4.92 Cr and no satisfied charges on record as per latest MCA filings.
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