Promoter holding
64.27%
EF
Eureka Forbes Limited - Due diligence report
A 360° intelligence report on Eureka Forbes: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Eureka Forbes — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Eureka Forbes is assessed as Low Risk with a Trust Score of 76/100. Eureka Forbes is an active public limited indian non-government company incorporated in 2008, operating in the E-Commerce sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Eureka Forbes Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 65/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 6 open (297.81 cr) · 9 satisfied (106.42 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| The Pradeshiya Industrial & Investment Corp. Of U.P. Ltd | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Union Bank Of India | 3 | 48.0 cr |
| Bhagini Nivedita Sahakari Bank Limited | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (14 disclosure(s)).
- 18 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VINOD RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAURAV PRADIP KHANDELWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRATIK RASHMIKANT POTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHASHANK SHANKAR SAMANT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Gaurav Khandelwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ms. Pragya Kaul | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GURVEEN SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRATIK RASHMIKANT POTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HOMI ADI KATGARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND UPPAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAHIL DILIP DALAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Gaurav Pradip Khandelwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pragya Sahal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Lunolux Limited
Subsidiaries
2
Group entities
2
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Euro Forbes Limited, Dubai | Subsidiary Company | 74.00% |
| Forbes Lux Fze, Dubai | Subsidiary Company | 74.00% |
| Infinite Water Solutions Private Limited | Subsidiary Company | 74.00% |
| Forbes Aquatech Limited | Subsidiary Company | 74.00% |
| Lunolux Limited | Holding Company | 74.00% |
Key managerial personnel: GAURAV PRADIP KHANDELWAL (CFO) · PRATIK RASHMIKANT POTA (CEO) · Gaurav Khandelwal (CFO) · PRATIK RASHMIKANT POTA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 17+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 8.11 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 297.81 cr already registered.
- Compliance gaps should be priced into terms.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events19 Sep 2025
Last AGM held
Annual general meeting
29 Aug 2025
Director ceased
Pragya Sahal
08 Apr 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
05 May 2023
Director appointed
Pragya Sahal (Company Secretary)
15 Feb 2023
Director appointed
Ms. Pragya Kaul (Company Secretary)
14 Feb 2023
Director ceased
DATTARAM PANDURANG SHINDE
21 Dec 2022
Director ceased
SHASHANK SHANKAR SAMANT
10 Oct 2022
Director appointed
SHASHANK SHANKAR SAMANT (Director)
16 Aug 2022
Director appointed
GAURAV PRADIP KHANDELWAL (CFO)
Director appointed
PRATIK RASHMIKANT POTA (CEO)
Director appointed
Gaurav Khandelwal (CFO)
Director appointed
PRATIK RASHMIKANT POTA (Managing Director)
Director appointed
Gaurav Pradip Khandelwal (Cfo)
Director ceased
RAJAGOPALAN SAMBAMOORTHY
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Jtekt India | L29113DL1984PLC018415 | New Delhi, Delhi, India |
| Universal Cables | L31300MP1945PLC001114 | Satna, Madhya Pradesh, India |
| Fiemindustries | L36999DL1989PLC034928 | New Delhi, Delhi, India |
| Lgb | L29191TZ1956PLC000257 | Coimbatore, Tamil Nadu, India |
| Shaktipumpsindia | L29120MP1995PLC009327 | Pithampur, Madhya Pradesh, India |
| Megatherm Induction Limited | L31900WB2010PLC154236 | Kolkata, West Bengal, India |
| Sanseraindia | L34103KA1981PLC004542 | Bengaluru, Karnataka, India |
| Johnson Controls | L29300GJ1984PLC007470 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Eureka Forbes before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Eureka Forbes: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Eureka Forbes - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Eureka Forbes pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Eureka Forbes - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Eureka Forbes an active company?
Eureka Forbes has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Eureka Forbes financially healthy?
Eureka Forbes has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Eureka Forbes?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Eureka Forbes?
The ultimate holding entity is Lunolux Limited. 13 active director(s) are on record.
Does Eureka Forbes have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.
Is Eureka Forbes up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Eureka Forbes?
Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
