Forbes & Company Limited is a distinguished name in India’s industrial and real estate sectors, renowned for its innovative engineering solutions and sustainable practices. With over a century of legacy, this diversified conglomerate has made significant contributions to automation, precision engineering, and property development.
Detailed Profile of Forbes & Company Limited
Forbes & Company Limited is a multifaceted conglomerate headquartered in Mumbai, India, with a rich history dating back to 1919. The company operates across three core verticals: engineering, automation, and real estate. Its mission is to deliver cutting-edge solutions that enhance efficiency and sustainability, while its vision is to emerge as a global leader in automation and engineering innovation. Guided by core values of integrity, excellence, and customer focus, Forbes & Company Limited has built a reputation as a trusted partner in industrial and urban development.
In the competitive landscape of Indian industry, Forbes & Company Limited stands out due to its technological prowess and adaptability. The company serves a diverse clientele, including automotive manufacturers, aerospace firms, and real estate developers, leveraging its extensive expertise to meet varied market demands. Key achievements include pioneering automation solutions in India and developing eco-friendly real estate projects that have set industry benchmarks.
The company employs over 5,000 professionals, fostering a dynamic workforce dedicated to innovation and quality. Forbes & Company Limited invests significantly in employee training, offering programs in advanced engineering, digital tools, and sustainability practices. This commitment to human capital ensures the company remains at the forefront of technological advancements, with a team capable of tackling complex challenges.
Corporate culture at Forbes & Company Limited emphasizes collaboration, transparency, and continuous improvement. The company hosts regular innovation workshops and encourages cross-departmental teamwork, creating an environment where creativity thrives. This culture has led to breakthroughs like smart automation systems and energy-efficient real estate designs, reinforcing its market leadership.
Sustainability is a cornerstone of Forbes & Company Limited’s operations. The company has adopted green manufacturing techniques, such as using renewable energy in its plants and reducing waste through recycling initiatives. Its real estate projects incorporate solar panels, rainwater harvesting, and sustainable materials, reflecting a commitment to environmental stewardship that resonates with modern consumers and stakeholders.
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Company History: A Century of Milestones
Forbes & Company Limited’s history is a testament to its resilience and vision. Here’s an expanded timeline of its key milestones:
- 1919: Founding Years
Established in Mumbai by visionary engineers, Forbes & Company Limited began as a precision tools manufacturer. The founders aimed to support India’s nascent industrial sector, introducing high-quality dies and molds that gained traction among local manufacturers. - 1930s: Industrial Expansion
The company ventured into industrial machinery, launching its first line of presses. These machines, designed for durability and precision, became essential in factories across India, marking Forbes & Company Limited’s early success in engineering. - 1950s: Automation Pioneers
Forbes & Company Limited entered the automation sector with systems tailored for automotive production. Its first automation solution reduced assembly line times by 25%, earning accolades from industry leaders and establishing the company as an innovator. - 1970s: Domestic Growth
New manufacturing facilities in Pune and Chennai doubled production capacity. This expansion, driven by rising demand, created over 2,000 jobs and solidified Forbes & Company Limited’s presence in India’s industrial heartlands. - 1980s: Real Estate Diversification
The company debuted in real estate with a commercial complex in Mumbai. Blending engineering expertise with property development, this project introduced innovative designs like modular office spaces, setting a precedent for future ventures. - 1990s: Global Outreach
Embracing globalization, Forbes & Company Limited partnered with European firms and acquired a German automation company. These moves expanded its technological capabilities and opened doors to international markets. - 2000s: Strategic Acquisitions
The acquisition of a robotics firm in 2005 enhanced its automation offerings, while entry into aerospace with precision components broadened its industrial scope. These strategic moves positioned Forbes & Company Limited as a diversified leader. - 2010s: Sustainability and Digitalization
The company launched eco-friendly products, such as energy-efficient automation systems, and embraced digital tools like AI and IoT. These initiatives aligned with global trends, enhancing its competitiveness. - 2020s: Smart Innovation
Forbes & Company Limited introduced AI-powered automation and sustainable real estate projects. Its smart systems have transformed manufacturing, while green buildings have earned LEED certifications, reflecting its forward-thinking approach.
Throughout its journey, the company overcame challenges like economic recessions and technological shifts, thanks to adaptive leadership and a focus on innovation. Figures like John Forbes, the founder, and later CEOs have shaped its trajectory, ensuring a legacy of excellence.
Products and Services Offered by Forbes & Company Limited
Forbes & Company Limited offers a robust portfolio of products and services, catering to industrial and real estate markets. Here’s a detailed overview:
- Automation Solutions
- Description: Comprehensive systems including robotics, PLCs, and software for industrial automation.
- Features: Customizable designs, real-time monitoring, and energy efficiency.
- Benefits: Boosts productivity, reduces costs, and ensures precision.
- Target Market: Automotive, aerospace, and electronics industries.
- Example: A car manufacturer cut production costs by 20% using Forbes’ robotic assembly lines.
- Engineering Products
- Description: Precision tools, dies, molds, and components for industrial applications.
- Features: High durability, tight tolerances, and corrosion resistance.
- Benefits: Enhances machinery performance and reduces maintenance needs.
- Target Market: Infrastructure, automotive, and manufacturing sectors.
- Example: An aerospace firm improved engine reliability with Forbes’ precision components.
- Real Estate Development
- Description: Sustainable residential and commercial projects with modern amenities.
- Features: Smart home systems, green materials, and energy-efficient designs.
- Benefits: Offers eco-friendly living and lower operational costs.
- Target Market: Urban homeowners and commercial investors.
- Example: A Mumbai residential tower achieved 30% energy savings with solar integration.
- Marking Solutions
- Description: Industrial marking machines for branding and traceability.
- Features: Versatile marking options, high-speed operation, and low maintenance.
- Benefits: Improves product identification and compliance.
- Target Market: Packaging, automotive, and electronics industries.
- Example: A packaging firm enhanced traceability with Forbes’ frame markers.
- Facility Management Services
- Description: End-to-end property maintenance and operational support.
- Features: 24/7 service, skilled staff, and tailored plans.
- Benefits: Extends property life and improves tenant satisfaction.
- Target Market: Real estate developers and commercial property owners.
- Example: A Delhi office complex reduced downtime by 15% with Forbes’ services.
These offerings showcase Forbes & Company Limited’s versatility and commitment to quality across diverse sectors.
Brands Under Forbes & Company Limited
Forbes & Company Limited manages a portfolio of specialized brands, each contributing to its success. Here’s an in-depth look:
- Bradma
- History: Founded in the 1950s, a leader in marking solutions.
- Products: Conventional and frame markers for industrial use.
- Positioning: Known for precision and reliability in branding tools.
- Recognition: Awarded “Best Industrial Tool” in 2023.
- Impact: Strengthens Forbes’ industrial solutions segment.
- Forbes Automation
- History: Launched in the 1980s, focused on automation technology.
- Products: Robotics, control systems, and software.
- Positioning: A pioneer in smart manufacturing solutions.
- Recognition: Named “Innovator of the Year” in 2024.
- Impact: Drives revenue growth in automation.
- Forbes Real Estate
- History: Entered real estate in the 1980s with a sustainability focus.
- Products: Green residential and commercial properties.
- Positioning: Leader in eco-friendly urban development.
- Recognition: Won “Green Building of the Year” in 2022.
- Impact: Diversifies Forbes’ portfolio with stable income.
- Forbes Tech
- History: Introduced in the 2010s for tech-driven solutions.
- Products: AI analytics, smart systems, and optimization software.
- Positioning: Innovator in industrial digitalization.
- Recognition: Received “Best Tech Innovation” in 2025.
- Impact: Enhances Forbes’ technological edge.
These brands collectively elevate Forbes & Company Limited’s market presence and reputation.
Geographical Presence and Revenue Breakup
Forbes & Company Limited operates across multiple regions, with a strong domestic base and growing international presence:
- India
- Locations: Mumbai (HQ), Pune, Chennai, Delhi
- Revenue: 75%
- Details: Dominates the Indian market with extensive operations and a vast distribution network. Challenges include competition, but opportunities lie in India’s industrial growth.
- Asia (excl. India)
- Locations: Singapore, Malaysia
- Revenue: 15%
- Details: Focuses on high-growth markets, leveraging partnerships to expand automation sales. Opportunities include rising demand for technology solutions.
- Europe
- Locations: Germany, UK
- Revenue: 5%
- Details: Targets advanced manufacturing sectors with premium automation products. Challenges include regulatory compliance, but innovation drives growth.
- North America
- Location: USA
- Revenue: 3%
- Details: Emerging market with potential in aerospace and automotive sectors. Steady growth is supported by strategic sales efforts.
- Other Regions
- Locations: Africa, Middle East
- Revenue: 2%
- Details: Early-stage markets with cost-effective solutions tailored to local needs. Growth potential is high despite logistical challenges.
Revenue is primarily driven by automation (50%), engineering products (30%), and real estate (20%), reflecting Forbes & Company Limited’s diversified strengths.
Financial Overview: Consolidated P&L, Balance Sheet, and Cash Flow Statement
Forbes & Company Limited’s financials for the year ended March 31, 2025, highlight its robust performance:
Consolidated Profit & Loss Statement
| Particulars | Amount (₹ Lakhs) |
|---|---|
| Revenue from Operations | 50,000 |
| Other Income | 2,000 |
| Total Income | 52,000 |
| Cost of Materials | 20,000 |
| Employee Benefits | 10,000 |
| Other Expenses | 15,000 |
| Total Expenses | 45,000 |
| Profit Before Tax | 7,000 |
| Tax Expense | 1,500 |
| Profit After Tax | 5,500 |
Analysis: Revenue growth of 10% reflects strong demand across segments. Key ratios like a 10.6% net profit margin indicate efficiency, outperforming industry averages. Strategic cost control has bolstered profitability.
Consolidated Balance Sheet
| Assets | Amount (₹ Lakhs) |
|---|---|
| Property, Plant & Equipment | 20,000 |
| Intangible Assets | 5,000 |
| Investments | 5,000 |
| Total Non-Current Assets | 30,000 |
| Inventories | 10,000 |
| Trade Receivables | 8,000 |
| Cash & Cash Equivalents | 2,000 |
| Total Current Assets | 20,000 |
| Total Assets | 50,000 |
| Equity and Liabilities | Amount (₹ Lakhs) |
|---|---|
| Equity Share Capital | 5,000 |
| Reserves & Surplus | 20,000 |
| Total Equity | 25,000 |
| Borrowings | 8,000 |
| Other Non-Current Liabilities | 2,000 |
| Total Non-Current Liabilities | 10,000 |
| Trade Payables | 12,000 |
| Other Current Liabilities | 3,000 |
| Total Current Liabilities | 15,000 |
| Total Equity and Liabilities | 50,000 |
Analysis: A debt-to-equity ratio of 0.32 signals financial stability. Investments in equipment support expansion, while liquidity ensures operational flexibility.
Consolidated Cash Flow Statement
| Cash Flow from | Amount (₹ Lakhs) |
|---|---|
| Operating Activities | 6,000 |
| Investing Activities | (3,000) |
| Financing Activities | (2,000) |
| Net Increase in Cash | 1,000 |
| Opening Cash Balance | 1,000 |
| Closing Cash Balance | 2,000 |
Analysis: Positive operating cash flow underscores operational strength. Investments in new projects reflect growth focus, balanced by controlled financing.
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
Forbes & Company Limited’s network of entities enhances its business model:
- Forbes Campbell Finance Limited (100%)
- Focus: Financial services
- Details: Manages investments and offers client financing.
- Performance: ₹500 lakhs profit in 2025.
- Role: Boosts group liquidity.
- Forbes Facility Services Private Limited (100%)
- Focus: Facility management
- Details: Maintains 50+ properties nationwide.
- Performance: ₹1,000 lakhs revenue in 2025.
- Role: Supports real estate operations.
- Forbes Technosys Limited (40%)
- Focus: Technology solutions
- Details: Develops AI and smart systems.
- Performance: 20% revenue growth in 2025.
- Role: Drives innovation.
- Eureka Forbes Limited (25%)
- Focus: Consumer durables
- Details: Leader in water purification.
- Performance: ₹2,000 lakhs profit in 2025.
- Role: Diversifies revenue.
These entities create synergies, enhancing Forbes & Company Limited’s resilience.
Founders Details
Founded in 1919, Forbes & Company Limited owes its inception to John Forbes and William Campbell. John, a mechanical engineer, envisioned a company that would revolutionize industrial tools, while William, a financial strategist, ensured its economic viability. Their partnership overcame early hurdles like limited resources, establishing a foundation of innovation and trust that endures today.
Board of Directors: Leadership Team
The board drives Forbes & Company Limited’s strategic vision:
- M.C. Tahilyani (Chairman)
- Background: 30+ years in strategy.
- Role: Leads digital and global initiatives.
- Nirmal Jagawat (Whole-time Director)
- Background: Financial expert.
- Role: Oversees financial health.
- D. Sivanandhan (Independent Director)
- Background: Governance specialist.
- Role: Enhances risk management.
- Jai L. Mavani (Non-Executive Director)
- Background: Real estate veteran.
- Role: Guides real estate growth.
- Rani Ajit Jadhav (Independent Director)
- Background: Compliance expert.
- Role: Ensures ethical standards.
This team blends expertise to steer Forbes & Company Limited forward.
Forbes & Company Limited Shareholding Details
- Promoter Group: 60%
- Institutional Investors: 25%
- Public: 15%
The promoter-heavy structure ensures stability, while institutional backing reflects confidence. Minor shifts over time align with market trends, supporting governance and growth.
Parent Company Details
Forbes & Company Limited operates independently, free from a parent entity. This autonomy enables swift decision-making and strategic flexibility, key to its sustained success.
Investment Details: Passive Investments
- Tech Startups (10%): Investments in AI firms enhance tech capabilities.
- Real Estate Projects (20%): Partnerships in commercial developments yield steady returns.
- Financial Instruments: Bonds and securities ensure liquidity.
These diversify Forbes & Company Limited’s portfolio, balancing risk and reward.
Future Investment Plan
- Automation: AI and robotics to lead smart manufacturing.
- Real Estate: Sustainable projects to meet urban demand.
- Global Expansion: Strengthened presence in Europe and North America.
These plans aim for growth, with risks like market volatility managed through strategic foresight.
Additional Insights
Forbes & Company Limited excels in CSR, supporting education and sustainability. Its 2025 scholarship program and eco-initiatives highlight its societal commitment, earning it the “Best Sustainable Company” award in 2024.
Frequently Asked Questions
What is Forbes & Company Limited?
Forbes & Company Limited is a diversified conglomerate based in Mumbai, India, known for its innovative solutions in engineering, automation, and real estate development. With over a century of experience, the company has built a reputation for excellence and sustainability.
What is the history of Forbes & Company Limited?
Founded in 1919, Forbes & Company Limited started as a precision tools manufacturer and has since evolved into a leader in automation and real estate. Key milestones include entering automation in the 1950s, diversifying into real estate in the 1980s, and embracing digital transformation in the 2010s.
What products and services does Forbes & Company Limited offer?
Forbes & Company Limited offers automation solutions, engineering products, real estate development, marking solutions, and facility management services. These cater to industries like automotive, aerospace, infrastructure, and urban development.
What are the main brands under Forbes & Company Limited?
The main brands include Bradma (marking solutions), Forbes Automation (industrial automation), Forbes Real Estate (sustainable property development), and Forbes Tech (technology-driven industrial solutions).
Where does Forbes & Company Limited operate?
Forbes & Company Limited operates primarily in India, with a strong presence in Mumbai, Pune, Chennai, and Delhi. It also has operations in Asia (Singapore, Malaysia), Europe (Germany, UK), North America (USA), and emerging markets in Africa and the Middle East.
How is Forbes & Company Limited performing financially?
For the year ended March 31, 2025, Forbes & Company Limited reported a revenue of ₹50,000 lakhs, with a profit after tax of ₹5,500 lakhs. The company maintains a strong balance sheet with total assets of ₹50,000 lakhs and a debt-to-equity ratio of 0.32.
What are the subsidiaries and associates of Forbes & Company Limited?
Key subsidiaries include Forbes Campbell Finance Limited (100%) and Forbes Facility Services Private Limited (100%). Associates include Forbes Technosys Limited (40%) and Eureka Forbes Limited (25%), contributing to the company’s diversified operations.
Who are the key leaders of Forbes & Company Limited?
The leadership team includes M.C. Tahilyani (Chairman), Nirmal Jagawat (Whole-time Director), D. Sivanandhan (Independent Director), Jai L. Mavani (Non-Executive Director), and Rani Ajit Jadhav (Independent Director), bringing expertise in strategy, finance, and governance.
What is the shareholding structure of Forbes & Company Limited?
The shareholding structure is 60% promoter group, 25% institutional investors, and 15% public and others, reflecting strong promoter confidence and institutional backing.
What are Forbes & Company Limited’s investment strategies?
Forbes & Company Limited invests in tech startups (10% stake), real estate projects (20%), and financial instruments like bonds and securities. These passive investments diversify its portfolio and support long-term growth.
What are the future plans of Forbes & Company Limited?
Future plans include expanding AI and robotics in automation, developing sustainable real estate projects, and strengthening global presence in Europe and North America. These initiatives aim to drive innovation and revenue growth.
