Promoter holding
64.27%
EF
Eureka Forbes Ltd - Due diligence report
A 360° intelligence report on Eureka Forbes: trust score, financial health, credit view, compliance, directors, growth and distress signals …
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Eureka Forbes — 360° Intelligence Report
Generated from MCA filings & public records36/100
Trust Score
Caution Indicated
Eureka Forbes is assessed as Caution Indicated with a Trust Score of 36/100. Eureka Forbes is a public limited indian non-government company incorporated in 1931, operating in the Consumer Electronics & Durables sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Eureka Forbes Ltd 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 ScoreCaution Indicated
36/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 3 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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
- Externally credit-rated (BBB-).
Charges position: 0 open (-) · 11 satisfied (849.12 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 3 | 48.0 cr |
| State Bank Of India | 4 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2021 - filings overdue.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (48 disclosure(s)).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJAGOPALAN SAMBAMOORTHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESH TAHILYANI CHELARAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAPOORJI PALLONJI MISTRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALLON SHAPOORJI MISTRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAGOPALAN SAMBAMOORTHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DATTARAM PANDURANG SHINDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MARZIN ROOMI SHROFF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANKAR KRISHNAN SUBRAMANIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIVANANDHAN DHANUSHKODI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HOMI ADI KATGARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DATTARAM PANDURANG SHINDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAI LAXMIKANT MAVANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL VASUDEV KAMATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| INDU RANJIT SHAHANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- MARZIN ROOMI SHROFF has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2020)
| 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 2020 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
-
Subsidiaries
4
Group entities
7
Capital events
1 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Aquaignis Technologies Private Limited | Subsidiary Company | 74.00% |
| Efl Mauritius Limited, Mauritius | Subsidiary Company | 74.00% |
| Euro Forbes Limited, Dubai | Subsidiary Company | 74.00% |
| Forbes Lux Fzco, Dubai | Subsidiary Company | 74.00% |
| Euro Forbes Financial Services Limited | Subsidiary Company | 74.00% |
| Forbes Enviro Solutions Limited | Subsidiary Company | 74.00% |
| Forbes Facility Services Private Limited | Subsidiary Company | 74.00% |
| Liag Trading And Investments Limited, Dubai | Subsidiary Company | 74.00% |
| Lux (deutschland) Gmbh, Germany | Subsidiary Company | 74.00% |
| Lux Hungria Kereskedelmi Kft., Hungary | Subsidiary Company | 74.00% |
Key managerial personnel: RAJAGOPALAN SAMBAMOORTHY (CFO) · MARZIN ROOMI SHROFF (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 20
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 95+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
MSME payment delays disclosed - latest outstanding 61.88 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence19/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment39/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view47/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events06 Dec 2021
Charge satisfied
Others
20 Sep 2021
Charge satisfied
State Bank Of India
15 Sep 2021
Last AGM held
Annual general meeting
13 Sep 2021
Charge satisfied
Others
26 Aug 2021
Charge satisfied
State Bank Of India
16 Jul 2021
Charge satisfied
Others
25 Jun 2021
Charge created
Others - 36.60 cr
31 Mar 2021
Latest balance sheet
Filed with ROC
13 Nov 2019
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
04 Oct 2019
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
15 Jan 2019
Securities allotted
50000 Equity Shares - 25.05 cr raised
18 Sep 2017
Director ceased
MAHESH TAHILYANI CHELARAM
Director ceased
PALLON SHAPOORJI MISTRY
02 Aug 2017
Director appointed
MAHESH TAHILYANI CHELARAM (Director)
27 Jun 2017
Director appointed
MARZIN ROOMI SHROFF (Managing Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 2 financial year(s).
Net profit margin moved from 0.86 to 61%.
14 active director(s) / partner(s); review board churn before relying on management continuity.
All 11 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
9 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Fuji Electric India Private Limited | U51109TN2009FTC140602 | Chennai, Tamil Nadu, India |
| Flashgroup | U29253DL2013PTC256198 | New Delhi, Delhi, India |
| Mersen India Private Limited | U14294KA1995PTC016996 | Bangalore, Karnataka, India |
| Supreme | U24116WB1978PTC031466 | Kolkata, West Bengal, India |
| Syano India | U45200DL2007PLC158316 | New Delhi, Delhi, India |
| Malu Electrodes Private Limited | U31200MH1990PTC058024 | Nagpur, Maharashtra, India |
| Flash Electronics | U74899DL1989PTC038169 | New Delhi, Delhi, India |
| Alfalaval | U29299PN1937PTC002732 | Pune, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Eureka Forbes before audits and certifications: compliance score 5/100, 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: Enhanced diligence advised. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Eureka Forbes - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 36/100, 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 “Amalgamated” with a compliance score of 5/100 (Caution Indicated).
Is Eureka Forbes financially healthy?
Eureka Forbes has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Eureka Forbes?
Its overall Trust Score is 36/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Eureka Forbes?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Eureka Forbes have loans or charges against its assets?
No open charges - all 11 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Eureka Forbes up to date with its ROC filings?
Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Eureka Forbes?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Enhanced diligence advised.
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.
