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ActiveMumbai, MaharashtraSince 1919

Forbes & Company Limited

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Set up in 1919 in Mumbai. 9 people run it as directors and officers, and it has pledged its assets against loans of up to ₹687.58 crore from 30 lenders.

CINL17110MH1919PLC000628
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106 years at a glance

Loans against its assets, and when today's people joined

192019221924192619281930193219341936193819401942194419461948195019521954195619581960196219641966196819701972197419761978198019821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegisteredThe Shartered Bank, up to ₹70 lakh, 30 Sept 1965 to still openThe Chartered Bank, up to ₹70 lakh, 30 Sept 1965 to still openPunjab National Bank, up to ₹43 crore, 6 Nov 1969 to still openPunjab National Bank, up to ₹1.3 crore, 6 Nov 1969 to still openPunjab National Bnak, up to ₹1.3 crore, 8 Nov 1969 to still openThe Chartered Bank, up to ₹24 lakh, 11 Nov 1976 to still openForbes Forbes Campbell & Co. Ltd., up to ₹29 lakh, 10 Dec 1976 to still openMercantile Bank Ltd., up to ₹25 lakh, 17 Jan 1977 to still openIndustrial Credit &Investment Corporation of India, up to ₹25 lakh, 1 Oct 1980 to still openMercantile Bank Ltd., up to ₹30 lakh, 31 Oct 1980 to still openThe Hongkong &Shanghai Banking Corporation, up to ₹35 lakh, 1 Dec 1980 to still openThe Hongkong &Shanghai Banking Corporation, up to ₹35 lakh, 2 Dec 1980 to still openIndustrial Finance Corporation of India, up to ₹57.5 lakh, 5 Aug 1981 to still openIfci LTD, up to ₹2.5 crore, 10 Sept 1981 to still openIndustrial Development Bank of India, up to ₹20 lakh, 22 Sept 1982 to still openIDBI Bank, up to ₹20 lakh, 22 Sept 1982 to still openIndustrial Development of India, up to ₹39 lakh, 20 Aug 1985 to still openCantral Bank of India, up to ₹2.5 crore, 28 Aug 1985 to 19 May 2005Central Bank of India, up to ₹40 lakh, 28 Aug 1985 to 8 May 1991Central Bank of India, up to ₹2.5 crore, 28 Aug 1985 to 19 May 2005IDBI Bank, up to ₹39 lakh, 29 Aug 1985 to still openInduatrial Credit &Investment of India, up to ₹40 lakh, 8 Mar 1987 to still openIndustrial Credit &Invstment Corporation of India, up to ₹1.51 crore, 4 Feb 1988 to still openICICI LTD, up to ₹1.61 crore, 4 Feb 1988 to still openIndustrial Credit &Investment Corporation of India, up to ₹34.22 lakh, 24 Feb 1989 to still openICICI LTD, up to ₹37.4 lakh, 24 Feb 1989 to 24 Nov 1994Induatrial Credit &Investment of India, up to ₹25 lakh, 15 Jun 1989 to 24 Nov 1994ICICI LTD, up to ₹25 lakh, 15 Jun 1989 to still openIndustrial Credit &Investment Corporation of India, up to ₹20 lakh, 21 Mar 1991 to still openICICI LTD, up to ₹3 lakh, 21 Mar 1991 to still openCharberd Bank, up to ₹70 lakh, 12 Jul 1991 to still openICICI LTD, up to ₹45 lakh, 12 Jul 1991 to still openThe Industrial Credit &Investment Croporation of India, up to ₹5 crore, 4 Feb 1992 to 18 Feb 2002The Industrial Credit &Investment Croporation of India, up to ₹15 crore, 7 Jun 1996 to 22 Jan 2003Induatrial Credit &Investment of India, up to ₹3.3 crore, 1 Aug 1999 to still openExport-Import Bank of India, up to ₹2.5 crore, 30 Aug 2000 to 28 Apr 2005The Federal Bank Limited, up to ₹32.5 crore, 11 Mar 2003 to 30 Sept 2013Uti Bank LTD, up to ₹14 crore, 3 Apr 2003 to still openExport-Import Bank of India, up to ₹3.63 crore, 29 Aug 2003 to still openIDBI Bank Limited, up to ₹31 crore, 9 Sept 2003 to still openExport-Import Bank of India, up to ₹9.78 crore, 20 Jan 2004 to still openExport-Import Bank of India, up to ₹8.36 crore, 20 Jan 2004 to still openExport Import of India, up to ₹1.6 crore, 25 Feb 2004 to still openExport-Import Bank of India, up to ₹16 lakh, 25 Feb 2004 to still openIDBI Bank Limited, up to ₹7.5 crore, 28 Oct 2004 to 7 Jul 2016India Co-Op Bank LTD, up to ₹16 crore, 17 May 2005 to still openNew India Co-Op Bank LTD, up to ₹1.6 crore, 17 May 2005 to 21 May 2010Export-Import Bank of India, up to ₹17.42 crore, 2 Jun 2005 to still openState Bank of India, up to ₹6 crore, 20 Jun 2005 to 19 May 2011State Bank of India, up to ₹26 crore, 24 Oct 2005 to 1 Oct 2014State Bank of Indai, up to ₹8.6 crore, 15 Nov 2005 to still openBank of India, up to ₹23.75 crore, 10 Mar 2006 to 28 May 2013Export-Import Bank of India, up to ₹15 crore, 14 Mar 2006 to 9 Aug 2012Export -Import Bank of India, up to ₹24 crore, 3 May 2006 to still openState Bank of India, up to ₹24 crore, 26 Jul 2006 to still openNew India Co-Op Bank Limited, up to ₹6 crore, 8 Nov 2006 to 22 Nov 2014Export-Import Bank of India, up to ₹24 crore, 23 Nov 2006 to still openThe Federal Bank Limited, up to ₹9.5 crore, 23 Nov 2006 to 6 Mar 2009New India Co-Operative Bank Limited, up to ₹13.6 crore, 9 Jun 2007 to 11 Jun 2013Punjab National Bank, up to ₹52.5 crore, 26 Feb 2009 to still openDevelopment Credit Bank Limited, up to ₹15 crore, 26 Mar 2009 to 6 Aug 2009IDBI Bank Limited, up to ₹10 crore, 28 Jul 2010 to 7 Jul 2016Export-Import Bank of India, up to ₹15 crore, 4 Oct 2010 to 23 Sept 2011The Federal Bank Limited, up to ₹30 crore, 3 Dec 2010 to 23 Nov 2013Export- Import Bank of India, up to ₹15.75 crore, 5 Jul 2011 to 16 Aug 2017Standard Chartered Bank, up to ₹26.5 crore, 1 Dec 2011 to 19 Jan 2021Vijaya Bank, up to ₹60 crore, 25 Jan 2012 to 4 May 2012Yes Bank Limited, up to ₹25 crore, 11 May 2012 to 14 Jul 2022The Ratnakar Bank Ltd., up to ₹15 crore, 11 May 2012 to 9 Oct 2012Tata Capital Financial Services Limited, up to ₹2.01 crore, 31 Aug 2012 to 14 Mar 2016Tata Capital Financial Services Limited, up to ₹2.03 crore, 6 Sept 2012 to 28 Sept 2014Tata Capital Financial Services Limited, up to ₹2.01 crore, 17 Sept 2012 to 14 Mar 2016IDBI Trusteeship Services Limited, up to ₹40 crore, 24 Dec 2012 to 13 May 2016Federal Bank Limited, up to ₹30 crore, 13 Mar 2014 to 18 Jan 2017DCB Bank Limited, up to ₹15 crore, 28 Oct 2014 to 5 Aug 2016DCB Bank Limited, up to ₹15 crore, 28 Oct 2014 to 18 Apr 2016IDBI Trusteeship Services Limited, up to ₹60 crore, 20 Nov 2015 to 11 Sept 2018IDBI Trusteeship Services Limited, up to ₹40 crore, 10 Oct 2016 to 22 Jul 2019Axis Bank Limited, up to ₹52 crore, 15 Jun 2018 to 28 Jun 2022The Zoroastrian Co-Operative Bank Limited, up to ₹17 crore, 4 Jan 2019 to 9 Dec 2021The Federal Bank LTD, up to ₹15.39 crore, 23 Jan 2019 to 19 Jun 2024DCB Bank Limited, up to ₹9.75 crore, 12 Jul 2019 to 13 Nov 2025Axis Trustee Services Limited, up to ₹18.5 crore, 28 Jun 2021 to 30 Aug 2023Toyota Financial Services India Limited, up to ₹35.2 lakh, 25 Aug 2021 to 23 Nov 2022Axis Bank Limited, up to ₹5 lakh, 11 Nov 2021 to still openThe Federal Bank LTD, up to ₹1 lakh, 7 Dec 2021 to still openDCB Bank Limited, up to ₹1.2 crore, 18 Aug 2023 to still openDCB Bank Limited, up to ₹4 crore, 19 Aug 2024 to still openIDBI Trusteeship Services Limited, up to ₹380 crore, 2 Sept 2024 to still openStandard Chartered Bank, up to ₹29 lakh, 25 Nov 2024 to still openIDBI Bank Limited, up to ₹4.9 crore, 1 Aug 2025 to still openJai Laxmikant Mavani, Director, joined 21 Aug 2012Mahesh Chelaram Tahilyani, Director, joined 24 Aug 2016Nikhil Jaysinh Bhatia, Director, joined 17 Jul 2019Paras Khimji Savla, Director, joined 7 Sept 2024Bapsy Faroukh Dastur, Director, joined 13 Sept 2024Nirmal Chandmal Jagawat, Whole-time director, joined 29 May 2025Pooja Bhagwan Tawale, Deputy Nodal Officer, joined 26 Feb 2026Jagannath Kashinath Govale, CFO, joined 13 Apr 2026Mehul Jayant Raval, Company Secretary, joined 18 May 2026
RegisteredLoan still openLoan paid offSomeone joined, and is still there
  • 1919Registered on 18 Nov 1919.
  • 2024Its biggest loan against assets, ₹380 crore with IDBI Trusteeship Services Limited, is still open.

Who runs it

  • 5 Director
  • 1 CFO
  • 1 Company Secretary
  • 1 Deputy Nodal Officer
  • 1 Whole-time director

  • Mehul Jayant Raval

    Company Secretarysince 18 May 2026

  • Jagannath Kashinath Govale

    CFOsince 13 Apr 2026

  • Pooja Bhagwan Tawale

    Deputy Nodal Officersince 26 Feb 2026

  • Nirmal Chandmal Jagawat

    Whole-time directorsince 29 May 202514 other companies

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  • Bapsy Faroukh Dastur

    Directorsince 13 Sept 20242 other companies

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  • Paras Khimji Savla

    Directorsince 7 Sept 20249 other companies

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All 9 people

  • Nikhil Jaysinh Bhatia

    Directorsince 17 Jul 20196 other companies

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  • Mahesh Chelaram Tahilyani

    Directorsince 24 Aug 20167 other companies

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  • Jai Laxmikant Mavani

    Directorsince 21 Aug 201212 other companies

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Who has lent to it

₹687.58 crorein loans backed by its assets, from 30 lenders

  • IDBI Trusteeship Services Limited₹380 crore

    Open, taken out 2 Sept 2024

  • Punjab National Bank₹96.8 crore

    3 open loans, taken out 1969 to 2009

  • Export-Import Bank of India₹63.35 crore

    6 open loans, taken out 2003 to 2006

  • IDBI Bank Limited₹35.9 crore

    2 open loans, taken out 2003 to 2025

  • State Bank of India₹24 crore

    Open, taken out 26 Jul 2006

  • Export -Import Bank of India₹24 crore

    Open, taken out 3 May 2006

  • India Co-Op Bank LTD₹16 crore

    Open, taken out 17 May 2005

  • Uti Bank LTD₹14 crore

    Open, taken out 3 Apr 2003

  • State Bank of Indai₹8.6 crore

    Open, taken out 15 Nov 2005

  • DCB Bank Limited₹5.2 crore

    2 open loans, taken out 2023 to 2024

  • Induatrial Credit &Investment of India₹3.7 crore

    2 open loans, taken out 1987 to 1999

  • Ifci LTD₹2.5 crore

    Open, taken out 10 Sept 1981

  • ICICI LTD₹2.34 crore

    4 open loans, taken out 1988 to 1991

  • Export Import of India₹1.6 crore

    Open, taken out 25 Feb 2004

  • Industrial Credit &Invstment Corporation of India₹1.51 crore

    Open, taken out 4 Feb 1988

  • Punjab National Bnak₹1.3 crore

    Open, taken out 8 Nov 1969

  • The Chartered Bank₹94 lakh

    2 open loans, taken out 1965 to 1976

  • Industrial Credit &Investment Corporation of India₹79.22 lakh

    3 open loans, taken out 1980 to 1991

  • Charberd Bank₹70 lakh

    Open, taken out 12 Jul 1991

  • The Hongkong &Shanghai Banking Corporation₹70 lakh

    2 open loans, taken out in 1980

  • The Shartered Bank₹70 lakh

    Open, taken out 30 Sept 1965

  • IDBI Bank₹59 lakh

    2 open loans, taken out 1982 to 1985

  • Industrial Finance Corporation of India₹57.5 lakh

    Open, taken out 5 Aug 1981

  • Mercantile Bank Ltd.₹55 lakh

    2 open loans, taken out 1977 to 1980

  • Industrial Development of India₹39 lakh

    Open, taken out 20 Aug 1985

  • Standard Chartered Bank₹29 lakh

    Open, taken out 25 Nov 2024

  • Forbes Forbes Campbell & Co. Ltd.₹29 lakh

    Open, taken out 10 Dec 1976

  • Industrial Development Bank of India₹20 lakh

    Open, taken out 22 Sept 1982

  • Axis Bank Limited₹5 lakh

    Open, taken out 11 Nov 2021

  • The Federal Bank LTD₹1 lakh

    Open, taken out 7 Dec 2021

42 earlier loans, now paid off
  • Toyota Financial Services India Limited25 Aug 2021 to 23 Nov 2022₹35.2 lakh
  • Axis Trustee Services Limited28 Jun 2021 to 30 Aug 2023₹18.5 crore
  • DCB Bank Limited12 Jul 2019 to 13 Nov 2025₹9.75 crore
  • The Federal Bank LTD23 Jan 2019 to 19 Jun 2024₹15.39 crore
  • The Zoroastrian Co-Operative Bank Limited4 Jan 2019 to 9 Dec 2021₹17 crore
  • Axis Bank Limited15 Jun 2018 to 28 Jun 2022₹52 crore
  • IDBI Trusteeship Services Limited10 Oct 2016 to 22 Jul 2019₹40 crore
  • IDBI Trusteeship Services Limited20 Nov 2015 to 11 Sept 2018₹60 crore
  • DCB Bank Limited28 Oct 2014 to 5 Aug 2016₹15 crore
  • DCB Bank Limited28 Oct 2014 to 18 Apr 2016₹15 crore
  • Federal Bank Limited13 Mar 2014 to 18 Jan 2017₹30 crore
  • IDBI Trusteeship Services Limited24 Dec 2012 to 13 May 2016₹40 crore
  • Tata Capital Financial Services Limited17 Sept 2012 to 14 Mar 2016₹2.01 crore
  • Tata Capital Financial Services Limited6 Sept 2012 to 28 Sept 2014₹2.03 crore
  • Tata Capital Financial Services Limited31 Aug 2012 to 14 Mar 2016₹2.01 crore
  • Yes Bank Limited11 May 2012 to 14 Jul 2022₹25 crore
  • The Ratnakar Bank Ltd.11 May 2012 to 9 Oct 2012₹15 crore
  • Vijaya Bank25 Jan 2012 to 4 May 2012₹60 crore
  • Standard Chartered Bank1 Dec 2011 to 19 Jan 2021₹26.5 crore
  • Export- Import Bank of India5 Jul 2011 to 16 Aug 2017₹15.75 crore
  • The Federal Bank Limited3 Dec 2010 to 23 Nov 2013₹30 crore
  • Export-Import Bank of India4 Oct 2010 to 23 Sept 2011₹15 crore
  • IDBI Bank Limited28 Jul 2010 to 7 Jul 2016₹10 crore
  • Development Credit Bank Limited26 Mar 2009 to 6 Aug 2009₹15 crore
  • New India Co-Operative Bank Limited9 Jun 2007 to 11 Jun 2013₹13.6 crore
  • The Federal Bank Limited23 Nov 2006 to 6 Mar 2009₹9.5 crore
  • New India Co-Op Bank Limited8 Nov 2006 to 22 Nov 2014₹6 crore
  • Export-Import Bank of India14 Mar 2006 to 9 Aug 2012₹15 crore
  • Bank of India10 Mar 2006 to 28 May 2013₹23.75 crore
  • State Bank of India24 Oct 2005 to 1 Oct 2014₹26 crore
  • State Bank of India20 Jun 2005 to 19 May 2011₹6 crore
  • New India Co-Op Bank LTD17 May 2005 to 21 May 2010₹1.6 crore
  • IDBI Bank Limited28 Oct 2004 to 7 Jul 2016₹7.5 crore
  • The Federal Bank Limited11 Mar 2003 to 30 Sept 2013₹32.5 crore
  • Export-Import Bank of India30 Aug 2000 to 28 Apr 2005₹2.5 crore
  • The Industrial Credit &Investment Croporation of India7 Jun 1996 to 22 Jan 2003₹15 crore
  • The Industrial Credit &Investment Croporation of India4 Feb 1992 to 18 Feb 2002₹5 crore
  • Induatrial Credit &Investment of India15 Jun 1989 to 24 Nov 1994₹25 lakh
  • ICICI LTD24 Feb 1989 to 24 Nov 1994₹37.4 lakh
  • Cantral Bank of India28 Aug 1985 to 19 May 2005₹2.5 crore
  • Central Bank of India28 Aug 1985 to 8 May 1991₹40 lakh
  • Central Bank of India28 Aug 1985 to 19 May 2005₹2.5 crore

Who else its people work with

Other companies where its directors and officers hold roles

Forbes Bradma Optimark Private LimitedShapoorji Pallonji Metamix Private LimitedForbes Campbell Finance LimitedForbes Campbell Services LimitedCampbell Properties & Hospitality Services LimitedVolkart Fleming Shipping and Services LimitedBuildbazaar Technologies (India) Private LimitedSP Nano Products Private LimitedBlue Ribbon Finance and Investment PVT LTDGlittering Gold Finance Private LimitedShapoorji Pallonji Projects Private LimitedShapoorji Pallonji Power Company LimitedAbhipreet Trading Private LimitedAlaya Properties Private LimitedForbes Precision Tools and Machine Parts LimitedSuperbon Hospitality Ventures Private LimitedForbes Technosys LimitedShapoorji Pallonji Renewables Private LimitedSP Port Maintenance Private LimitedImage Realty Private LimitedDharamtar Infrastructure Private LimitedShapoorji Pallonji Energy Private LimitedShapoorji Pallonji and Company Private LimitedShapoorji Pallonji Infrastructure Capital Company Private LimitedEureka Forbes LTDSuperbon Advisors LLPThe Ruby Mills LimitedForbes Campbell Finance LimitedOm Freight Forwarders LimitedAbans Enterprises LimitedRandip Singh Pathania Memorial FoundationPerch FoundationPerch Strategic Advisors Private LimitedP E R C H & Associates LLPPerch Valuation LLPForbes Campbell Finance LimitedForbes Precision Tools and Machine Parts LimitedEureka Forbes LTDForbes Bumi Armada LimitedNext Gen Publishing Private LimitedShapoorji Pallonji Samalpatti Operator S Ervices Private LimitedForvol International Services LimitedArkheia FoundationAarti Industries LTDForbes Precision Tools and Machine Parts LimitedForbes Bumi Armada LimitedGokak Textiles LimitedGokak Power & Energy LimitedNRB Bearings Limited (Full Fledged Public Co)B Bamboat and Company Private LimitedNirmal Chandmal Jagawat: 14 other companiesJai Laxmikant Mavani: 12 other companiesParas Khimji Savla: 9 other companiesMahesh Chelaram Tahilyani: 7 other companiesNikhil Jaysinh Bhatia: 6 other companiesBapsy Faroukh Dastur: 2 other companiesForbes& Compa…

6 of its 9 people also hold roles in 44 other companies.

  • Nirmal Chandmal Jagawat

    Whole-time director at Forbes & Company

    14 other companiesFollow

  • Jai Laxmikant Mavani

    Director at Forbes & Company

    12 other companiesFollow

  • Paras Khimji Savla

    Director at Forbes & Company

    9 other companiesFollow

  • Mahesh Chelaram Tahilyani

    Director at Forbes & Company

    7 other companiesFollow

  • Nikhil Jaysinh Bhatia

    Director at Forbes & Company

    6 other companiesFollow
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All other companies, by person

A shared director or officer is the only link shown here, not a sign that the companies are connected in any other way.

Nirmal Chandmal Jagawat

  • Forbes Bradma Optimark Private Limited
  • Shapoorji Pallonji Metamix Private Limited
  • Forbes Campbell Finance Limited
  • Forbes Campbell Services Limited (Amalgamated)
  • Campbell Properties & Hospitality Services Limited
  • Volkart Fleming Shipping and Services Limited
  • Buildbazaar Technologies (India) Private Limited
  • SP Nano Products Private Limited (Amalgamated)
  • Blue Ribbon Finance and Investment PVT LTD
  • Glittering Gold Finance Private Limited
  • Shapoorji Pallonji Projects Private Limited
  • Shapoorji Pallonji Power Company Limited (Amalgamated)
  • Abhipreet Trading Private Limited
  • Alaya Properties Private Limited (Amalgamated)

Jai Laxmikant Mavani

Paras Khimji Savla

Mahesh Chelaram Tahilyani

Nikhil Jaysinh Bhatia

Bapsy Faroukh Dastur

Read from each person's DIN record, the oldest on .

What its filings add

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  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

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  • Each loan · CHG-1

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.