About Force Motors Limited

Force Motors Limited is an Indian, fully vertically integrated automobile company incorporated in 1958 and headquartered at Mumbai–Pune Road, Akurdi, Pune, Maharashtra, with equity shares listed on BSE and NSE as of March 31, 2025. The company designs, develops and manufactures a full spectrum of vehicles, automotive components and aggregates, spanning Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), Small Commercial Vehicles (SCV) and Special Vehicles (SV) as disclosed in its Annual Report. Operations are carried out through multiple plants in Akurdi (Pune), Pithampur (Madhya Pradesh), Chakan (Pune), and Mahindra World City, Chengalpattu (Tamil Nadu), indicating a multi-location India footprint for manufacturing and support. The group comprises the holding company, one subsidiary—Tempo Finance West Private Limited (financial services)—and a joint venture, Force MTU Power Systems Private Limited with Rolls-Royce Solutions GmbH for engines and generator sets, reflecting diversified activities in vehicles, powertrains and financial services as of FY 2024–25. Key corporate milestones in FY 2024–25 include Board approvals of the audited results on April 25, 2025 and continued compliance with LODR governance requirements, underscoring steady corporate processes within the period under review.

Force Motors Limited Business Segment

• Products and services: design, development and manufacture of LCVs, MUVs, SCVs, SVs; automotive components and aggregates; and, at group level, engines and gensets via JV; financial services via subsidiary, as stated in the group information and corporate notes.

Force Motors Limited Key Management

• Abhaykumar Navalmal Firodia — Chairman and Managing Director (DIN 00025179).

• Prasan Abhaykumar Firodia — Managing Director (DIN 00029664).

• Prashant V. Inamdar — Executive Director (Operations) (DIN 07071502).

• Mukesh Mangalbhai Patel — Independent Director; Chairman of Stakeholders Relationship and CSR Committees from February 12, 2025 (DIN 00053892).

• Sonia Prashar — Independent Director; Member, Risk Management Committee from September 27, 2024 (DIN 06477222).

• Rohan Sampat — Company Secretary and Compliance Officer from July 31, 2024.

• Senior management (select): Sanjay Kumar Bohra — Chief Financial Officer up to June 30, 2025; Rishi Luharuka — President & Group Chief Financial Officer from June 10, 2025; Praveen C. Karnavat — President, Strategic Sourcing & International Business; Makarand P. Kanade — President, Engineering & Corporate Quality; Rakesh Maru — President, Sales & Marketing.

Latest Updates on Force Motors Limited

• Financial performance: Consolidated Revenue from Operations of Rs 8,071.73 crore in FY 2024–25, up from Rs 6,992.13 crore in FY 2023–24; Profit Before Tax of Rs 12,382.6 crore lakh including exceptional items in FY 2024–25; Profit After Tax attributable to owners at Rs 800.74 crore, with EPS of Rs 607.71, as per audited financial statements approved on April 25, 2025; amounts presented in lakhs in statements are converted for narrative clarity using the company’s own totals (Rs 8,07,173 lakh = Rs 8,071.73 crore).

• Capital structure and liquidity: Equity share capital at 1,31,76,262 shares; cash and cash equivalents of Rs 506.55 crore consolidated at March 31, 2025 (Rs 50,655 lakh); significant deleveraging with non-current borrowings at Rs 1.34 crore (Rs 134 lakh) versus prior year Rs 381.77 crore (Rs 38,177 lakh).

• Governance actions: Re-appointments approved in AGM on September 4, 2024 for Chairman-Managing Director, Managing Director, and Executive Director (Operations); compliance affirmations include unmodified audit opinion, quarterly governance filings, and committee reconstitutions (e.g., Risk Management Committee with addition of Independent Director on September 27, 2024).

• Committee changes: Stakeholders Relationship Committee chairmanship moved to Independent Director Mukesh Patel from February 12, 2025; CSR Committee chaired by Mukesh Patel; Risk Management Committee composition updated with Sonia Prashar added September 27, 2024.

• Senior management moves post year-end: Appointment of Group CFO Rishi Luharuka from June 10, 2025; CFO Sanjay Kumar Bohra ceased on June 30, 2025; additional leadership hires in Corporate Communications and Corporate Strategy during June–July 2025.

• Dividend recommendation: Board recommended final dividend of Rs 40 per equity share on April 25, 2025 for FY 2024–25, subject to approval at the 66th AGM.