18,837.00
-0.69%
Close of 9 Nov 2026, in INR
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About Force Motors
Its shares trade on NSE under the ticker FORCEMOT.NS. It has been listed since 19 August 2019. In the fiscal year to 31 March 2025, it reported revenue of ₹80.72bn and net income of ₹8.01bn. At that date it held total assets of ₹51.34bn and shareholders' equity of ₹30.33bn.
Force Motors Ltd. is a holding company, which engages in the design, development, and manufacture of automotive components, aggregates, and vehicles. The company is headquartered in Pune, Maharashtra. The company went IPO on 2019-08-19. The firm is engaged in the design, development, and manufacture of automotive components, aggregates and vehicles. The firm's range of products include Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), Small Commercial Vehicles (SCV), Special Utility Vehicles (SUV) and Agricultural Tractors. Its Agricultural Vehicles include Balwan 400 Super, Orchard Mini, Sanman 5000, and Abhiman 4X4. Its Commercial vehicles include citiline, ambulances, school buses, passenger carriers, and goods carriers. The company also has vehicles under the name Gurkha. The company provides solutions for transport-both goods, as well as passenger-rugged, transport solutions for rural or urban, long distance or local, over good roads or bad tracks. The firm exports its range of products to various countries in the Middle East, Asia, Latin America, and Africa. The firm's subsidiary is Tempo Finance (West) Private Limited.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 19 Aug 2019
- Employees
- 5,101
- Website
- forcemotors.com ↗
Leadership
Pay as last reported
- Mr. Abhaykumar FirodiaExecutive Chairman of the Board, Managing Director, since 1987₹120,000
- Mr. Rishi LuharukaPresident, Group Chief Financial Officer
- Mr. Rohan SampatCompliance Officer, Company Secretary₹2.1m
- Mr. Prasan FirodiaManaging Director, Executive Director₹297.9m
- Mr. Prashant InamdarExecutive Director - Operations₹39.7m
- Mr. Gautam BambawaleAdditional Non-Executive Independent Director
- Mr. Vallabh BhanshaliNon-Executive Independent Director₹3.3m
- Mr. Nitin KareerAdditional Non-Executive Independent Director
- Lt. Gen. (Retd.) Vinod KhandareAdditional Non-Executive Independent Director
- Mr. Mukesh PatelNon-Executive Independent Director₹4.8m
- Ms. Sonia PrasharNon-Executive Independent Director₹1.9m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Force Motors Ltd. has a strong presence in the Indian automotive sector with its headquarters in Pune, Maharashtra.
- The company's product range includes Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), and Small Commercial Vehicles (SCV).
- Force Motors Ltd. exports its vehicles to multiple regions including the Middle East, Asia, Latin America, and Africa.
Weaknesses
- Force Motors Ltd. has a limited product line focused on specific vehicle types such as LCV, MUV, and SCV.
- The company's subsidiary Tempo Finance (West) Private Limited is mentioned but lacks details on its operational scope.
- Force Motors Ltd. has a relatively small employee count of 5,101 full-time employees.
Opportunities
- Force Motors Ltd. can expand its product offerings to include more vehicle types beyond LCV, MUV, and SCV.
- The company has potential to increase its exports to new markets in Africa and Latin America.
- Force Motors Ltd. can leverage its existing presence in rural and urban transport solutions to develop new market segments.
Threats
- Force Motors Ltd. faces competition from other automotive manufacturers in the Indian market.
- The company's reliance on a narrow product range could make it vulnerable to market shifts.
- Economic downturns in key export regions like the Middle East and Asia may impact Force Motors Ltd.'s revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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