Forbes & Company Ltd
NSE: FORBESGOK BSE: 502865
₹272.15
-3.20 (1.16%)
Sun, 25 Oct 2026, 06:47 am
Market Cap (in Cr)355.16
PE Ratio28.84
Dividend0
Producer Manufacturing
Industrial Machinery
24.5KForbes & Company Ltd Company History
1919
- The company was incorporated on 18th November.
1954
- 1 share was issued at a premium of Rs. 175 and 9,762 bonus shares were issued in proportion 1:4.
1961
- 24,405 Right shares were issued at a premium of Rs. 15 per share in proportion 1:2.
1966
- 14,643 Bonus shares were issued in proportion 1:5.
1967
- 29,286 Bonus shares were issued in proportion 1:3.
1969
- 13,016 Bonus shares were issued in proportion 1:9.
1972
- Patel-Volkart, Ltd. was amalgamated with the Company effective from the close of business on 30th June.
- 65,080 Bonus shares were issued in proportion 1:2.
1973
- The name of the Company was changed from 'The Gokak Mills, Ltd.', to its present one.
- 76,545 No. of equity shares were allotted to the shareholders of Patel-Volkart Ltd.
1977
- 54,357 Bonus shares were issued in proportion 1:5.
1979
- The Company undertook a modernisation programme involving an outlay of Rs. 366 lakhs under the Soft Loan Scheme of the IDBI.
1983
- The Company acquired a hydro power generating set of 1 Megawatt capacity.
1987
- 32,61,420 Bonus equity shares were issued in proportion 1:1.
1989
- The Company was granted the status of a 'Trading House'.
- The Company acquired a spinning unit at Vadodara having an installed capacity of 25,000 spindles.
- The Company undertook to set up a textile mill in Indonesia with a capacity of 30,000 spindles.
1991
- 16,99,861 shares were allotted to the shareholders of erstwhile Forbes Forbes Campbell & Co. Ltd, on amalgamation with the Company.
1992
- Forbes Forbes Campbell & Co. Ltd. was amalgamated with the Company.
- The Company had subsidiaries including A.P. Industrial Components Ltd., Bradma of India Ltd., Eureka Forbes Ltd., and others.
1993
- Forbes Shipping Agency division tied up with a major European Freight Forwarding Company.
- 41,11,351 shares were allotted to the existing shareholders on Rights basis in the ratio of 1:2.
1994
- The performance of the textile division was affected due to unprecedented rise in cotton costs and labour unrest at the main textile unit at Belgaum.
1995
- The Company commissioned a new 15,000 spindle cotton yarn EOU project at Gokak Falls.
1996
- The new 15000 EOU at Gokal fall achieved planned level of performance.
- The new yarn dyeing plant registered significant improvement in capacity utilisation.
- A MOU was entered into for a joint venture with an international company engaged in the production and marketing of plastic optic laser.
1998
- Forbes Gokak decided to put its optics division on the block and exit from the lens manufacturing business.
1999
- Forbes Gokak Ltd formed a joint venture company with Barwil Agencies to provide shipping agency, transport, logistics and related services in India.
- Forbes Gokak decided to divest its entire shareholding of 28.56 per cent in Goodlass Nerolac Paints to its foreign collaborator Kanasi Paint Co of Japan.
- The Tata group company closed down its textile unit at Vadodara due to mounting losses.
2000
- Forbes Gokak Ltd and Tata Consultancy Services announced a strategic partnership wherein TCS would be Forbes' IT partner.
2001
- Forbes Gokak shed around 170 employees through a voluntary retirement scheme.
- The Board approved a proposal to buy out Electrolux's 40 per cent stake in their joint venture, Eureka Forbes.
- Tatas offloaded 6.77% in Forbes Gokak at Rs 80/share to Pallonji Mistry Group.
- Shapoorji Pallonji made an open offer for 20% equity stake in Forbes Gokak at a price of Rs 80 per share.
2002
- The Shapoorji Pallonji group's shares in Forbes Gokak exceeded 50% of its paid-up equity.
- The non-convertible debenture issue was downgraded to 'A+' from 'AA-' by CRISIL.
- Forbes Gokak acquired Electrolux AB's 40 per cent stake in the joint venture Eureka Forbes for Rs 32 crore.
- Forbes Gokak tied up with Daks Simpson for licensing rights for distribution of Daks products in India.
2003
- Mr. Shapoor P. Mistry was inducted as the chairman of the board of directors of Forbes Gokak Ltd.
- Forbes Gokak bought out 49 per cent holding in Dhandhanadhan Infotainment for a consideration of Rs 5.88 crore.
- The Company resolved to amalgamate its two wholly-owned subsidiaries, Bradma of India Ltd and Campbell Knitwear Ltd.
2004
- Forbes Gokak entered into a marketing tie-up with Daks Simpson to manufacture and market Daks range of brands in India.
- Daks Simpson entered into a strategic licensing agreement with Forbes Gokak to manufacture and market its Daks brand in India.
2005
- Forbes Gokak Ltd completed the purchase of 19,80,000 shares of Eureka Forbes Ltd.
- Savile Row joined hands with Forbes Gokak to enter India.
2008
- The Company name was changed from Forbes Gokak Ltd to Forbes & Company Ltd.
- The Company recommended a payment of dividend at 15% (Rs 1.50 per share of Rs 10/- each).
- Mr. T R Doongaji was appointed Additional Director on the Board of Directors of the Company.
2010
- Mr. Kaiwan Kalyaniwalla was appointed Additional Director on the Board of Directors of the Company.
2011
- A Subsidiary and Joint Venture Company of the Company was awarded a 7-year contract by ONGC.
2012
- Sivanandhan was appointed a Director on the Board of Directors of the Company.
- The Company recommended a dividend of Rs. 1 (10%) per equity share of Rs. 10.
2013
- The Board recommended a dividend of Rs. 0.50 per equity share.
2014
- The Company appointed Mr. Pankaj Khattar as Company Secretary and Compliance Officer.
