Fomento Resources Private Limited - Company overview

Registered with ROC Goa on 8 July 2010, Fomento is an active private limited company that has been around for about 16 years.

2010-07-08 Panaji, Goa Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹100–500 Cr
▼ -34.1%
FY 2023
PROFIT / LOSS
Loss · ₹500–1000 Cr
▼ -767.0%
FY 2023
EBITDA
₹25–50 Cr
▼ -71.0%
FY 2023
NET WORTH
₹1000+ Cr
▼ -37.0%
FY 2023
TOTAL ASSETS
₹1000+ Cr
▼ -26.3%
FY 2023
EMPLOYEE COUNT
31–40
OPEN CHARGES
9
368.66 cr
PAID-UP CAPITAL
2.40 Lakh
AUTHORISED CAPITAL
16.00 Lakh
COMPANY AGE
16 Years 4 Months
since 2010-07-08
LAST FILING WITH ROC
2024-03-31
Last AGM: 2024-09-30
ACTIVE GST
4
Updated: 2025-06-23 18:33:15
TOTAL MONEY RAISED
₹10–50 Lakh
SATISFIED CHARGES
19
1,162.06 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Fomento covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
68/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (55), financial health (50), director (95) and company-foundation signals.
  • Operating for 16+ years.
Compliance Score Moderate
55/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Moderate
50/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 4 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Fomento Company identity, industry, contact, and registration details from MCA and company records.

Registered with ROC Goa on 8 July 2010, Fomento is an active private limited company that has been around for about 16 years. Its registered office is at 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa.

Its filings describe the main line of business as mining of Metal Ores, which made up 85.38% of turnover.

It has four directors: Shafeeq Ismail Mitha, Rajiv Kumar, Shankar Narayan and Ambar Auduth Timblo. The longest-serving is Ambar Auduth Timblo, on the board since 2010; the most recent to join is Rajiv Kumar, appointed in February 2023. Five former directors are on record; the most recent to leave was Kaustubh Vinayak Sawkar in January 2020. Between them, the directors also sit on the boards of 4 other companies, including Hardesh Ores Private Limited and Innovators Resorts Pvt Ltd.

Paid-up capital stands at ₹2.4 lakh out of ₹16 lakh authorised. The last AGM on record was on 30 September 2024, for accounts made up to 31 March 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. Nine charges (secured loans) are still open, with Hdfc Bank Limited and Yes Bank Limited among the lenders, and 19 more have been paid off.

Metals and Minerals •••••••• ••••••••
  • Location 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa - 403001
  • Website fomento.com
Legal NameFomento Resources Private Limited
CIN / LLPINU13209GA2010PTC006440
Company No.006440
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2010-07-08
Date of AGM2024-09-30
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Goa
Credit RatingA- (Crisil)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Fomento (4) Current board members from MCA filings, including designation and appointment details.

S
Director | Since 2018-01-15 | DIN: 08064854
R
Director | Since 2023-02-01 | DIN: 06398881
S
Director | Since 2019-04-30 | DIN: 03179376
A
Director | Since 2010-07-08 | DIN: 00213068

Financial Performance of Fomento Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹100–500 Cr ▼ -34.1%
P&L Loss · ₹500–1000 Cr ▼ -767.0%
EBITDA ₹25–50 Cr ▼ -71.0%
Net worth ₹1000+ Cr ▼ -37.0%

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Charges of Fomento Open and satisfied charges registered against the company with MCA.

Others : 865.00 cr
Yes Bank Limited : 50.00 cr
Hdfc Bank Limited : 2.43 cr
Open Charges: 9 Satisfied Charges: 19
Open 368.66 cr
Satisfied 1,162.06 cr
LenderAmountStatus
Hdfc Bank Limited
Creation Date: 29 Apr 2025
2.43 cr Open
Yes Bank Limited
Creation Date: 19 Feb 2025
50.00 cr Open
Others
Creation Date: 07 Nov 2024
30.00 cr Open

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Mining and quarryingMining of Metal Ores85.38

Companies With Common Directors Of Fomento Other companies that share directors with this entity, based on MCA and compliance network data.

Financial Ratios of Fomento Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Fomento Ownership and contribution detail from filings. Full breakdown unlocks with your report.

9 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Fomento EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Fomento GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Fomento Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

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Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Fomento MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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Subsidiaries & Group Companies of Fomento Parent, subsidiary, and related group entities. Full ownership map unlocks with your report.

2 subsidiaries on record

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Parent company Subsidiaries and ownership Associates and joint ventures Entity investments

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MCA Filings & Documents of Fomento Official MCA forms, returns, and filing index. Document access unlocks with your report.

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Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Fomento Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Fomento?
MCA does not publish an "owner" field. Fomento is run by its directors, Shafeeq Ismail Mitha, Rajiv Kumar, Shankar Narayan and one other. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Fomento?
Fomento has four current directors: Shafeeq Ismail Mitha (since January 2018), Rajiv Kumar (since February 2023), Shankar Narayan (since April 2019) and Ambar Auduth Timblo (since July 2010).
What is CIN of Fomento?
The CIN of Fomento is U13209GA2010PTC006440. Reading it left to right: U means it is not listed, 13209 is the industry code it registered under, GA is Goa, 2010 is the year it was registered, PTC is the company type and 006440 is its registration number.
When was Fomento incorporated?
Fomento was incorporated on 8 July 2010 with ROC Goa. That makes it about 16 years old.
What is the registered address of Fomento?
The registered office on MCA records is 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa - 403001.
What is the current status of Fomento?
MCA shows Fomento as Active, and its last AGM on record was in September 2024.
What is the contact number or email for Fomento?
You can post to its registered office at 102, 1St Floor, Kamat Metropolis-I, Behind Caculo Mall, St Inez, Panaji, Goa - 403001 and use its website, https://fomento.com.
What industry or business activity is Fomento associated with?
Its MCA filings list the main business as mining of Metal Ores (85.38% of turnover).
What is paid-up capital and authorised share capital of Fomento?
Paid-up capital is ₹2.4 lakh and authorised capital is ₹16 lakh, so about 15% of the authorised amount has been issued.
When did Fomento last file accounts and hold an AGM?
The last AGM on record was on 30 September 2024, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Fomento?
Nine charges against Fomento are still open and 19 have been satisfied. Lenders named in the filings include Hdfc Bank Limited and Yes Bank Limited.
Have any directors left Fomento?
Yes, five former directors are on record. The most recent to leave were Kaustubh Vinayak Sawkar (January 2020), Mukta Pandurang Vernekar (April 2019) and Dileep Anant Verlekar (January 2018).
Which companies share directors with Fomento?
4 companies share directors with Fomento. Among them are Hardesh Ores Private Limited, Innovators Resorts Pvt Ltd, M S Talaulicar And Sons Private Limited and 1 more.
What is the turnover or revenue of Fomento?
Based on filed financial statements, the revenue of Fomento for FY 2023 was in the ₹100–500 Cr range. That is down 34.1% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Fomento?
For FY 2023, the net worth of Fomento was in the ₹1000+ Cr range.
How can I get the financial details of Fomento?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Fomento?
The website on record for Fomento is https://fomento.com.
Which company owns fomento.com?
fomento.com is the website listed for Fomento Resources Private Limited in its company records.
Fomento - is it listed or unlisted?
Fomento is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Fomento?
Fomento is registered with ROC Goa.
What is the company classification of Fomento?
MCA classifies Fomento as: Private Limited Indian Non-Government Company.
Does Fomento have subsidiaries?
Yes, 2 subsidiaries are on record for Fomento.
Does Fomento have GST registrations on file?
Yes, 4 active GST registrations are linked to Fomento, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.