Forbes Aquatech Limited - Due diligence report

A 360° intelligence report on Forbes Aquatech Limited: trust score, financial health, credit view, compliance, directors, growth and distres…

2003-09-03 Bangalore, Karnataka Active Unlisted Active Compliant
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Forbes Aquatech Limited — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Forbes Aquatech Limited is assessed as Low Risk with a Trust Score of 85/100. Forbes Aquatech Limited is an active public limited indian non-government company incorporated in 2003, operating in the Machinery and Equipment sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Forbes Aquatech Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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 access

Scores 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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 2 satisfied (21.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SRINIVAS SURYARAO AYYAGARI 01234567 Director 01/04/2018 6 yrs Approved
GAURAV PRADIP KHANDELWAL 01234567 Director 01/04/2018 6 yrs Approved
SURESH REDHU 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2018 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Eureka Forbes Ltd Joint Ventures 74.00%
Filtrex Holding Pte Ltd. Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 65
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 61% in a year.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view75/100
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 events
19 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Sep 2024
Director ceased
GAURAV PRADIP KHANDELWAL
29 Jun 2024
Director ceased
ASLAM ANWARALI KARMALI
24 Jun 2024
Director appointed
GAURAV PRADIP KHANDELWAL (Director)
19 Sep 2023
Director ceased
SRINIVAS SURYARAO AYYAGARI
01 Jun 2023
Director appointed
SRINIVAS SURYARAO AYYAGARI (Director)
03 Feb 2021
Director ceased
BOMMI GOVIND
30 Jun 2020
Charge satisfied
Others
03 Dec 2019
Charge satisfied
Hdfc Bank Limited
25 Jan 2019
Director ceased
RAMAN KOPPAMPATTI VENKATESH
28 Sep 2018
Director ceased
VIKRAM SURENDRAN
Director ceased
SURESH REDHU
28 Aug 2017
Director appointed
SURESH REDHU (Director)
01 Aug 2017
Director ceased
SURESH APPAKUDAL VENKATASUBRAMANYAM
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2018 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Southern Agro Implements Private Limited U74110TN1972PTC006111 Chennai - 600 058, Tamil Nadu, India
Southern Cooling Towers U63023WB1982PTC034674 Kolkata, West Bengal, India
Marks Pryor Marking Technology Private Limited U29299PN2005PTC021118 Tal: Mulshi, Dist: Pune, Maharashtra, India
Hvr Projects Private Limited U70102WB2012PTC189246 Howrah, West Bengal, India
Ingemetal Solar India U74999PN2012FTC147726 Pune, Maharashtra, India
S. V. S. Wires Private Limited U27209TG1996PTC024442 R.R.Dt, Hyderabad, Telangana, India
Acg Metalcrafts Private Limited U74210MH2010PTC204129 Mumbai, Maharashtra, India
Bgrcorp U74200TN2009PTC070539 Chennai, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Forbes Aquatech Limited before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Forbes Aquatech Limited: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Forbes Aquatech Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Forbes Aquatech Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Forbes Aquatech Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Forbes Aquatech Limited an active company?

Forbes Aquatech Limited has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Forbes Aquatech Limited financially healthy?

Forbes Aquatech Limited has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Forbes Aquatech Limited?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Forbes Aquatech Limited?

Promoters hold the largest single block of equity - exact percentages are in the full report. 3 active director(s) are on record.

Does Forbes Aquatech Limited have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Forbes Aquatech Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Forbes Aquatech Limited?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.