Forbes Co

Earlier known as Forbes Gokak, it is the oldest registered company in India and one of the oldest in the world which is still in business. The company was established way back in 1767 by a Scot, and over a period of time, ownership moved from Forbes to Campbell to Tata’s and currently Shapoorji Pallonji. They now own 72.56% stake and Forbes Campbell holds 1.29%.  The company has three segments – engineering, shipping and logistics and real estate.

The company actually did not have a very good performance but some smart management of expenses and exceptional income is what saved it from a loss. For Q3FY17, the company’s total income fell 38% (YoY) at Rs.45 crore. The company ‘managed’ to reduce costs by 37% but Interest cost of Rs.2.5 crore pushed the company into the red with a PBT of Rs.1.4 crore. Exceptional income of Rs.12 crore pushed the company into the black – net profit was at Rs.10 crore. Its equity stands at Rs..12.73 crore. Promoters stake was at 73.85%. FIIs have a 11.90%.