Foce India Ltd

Foce India Ltd (FOCE)


Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 4
Rank 4
Rank 4
Dividend Yield
Rank 2
Rank 8
Debt To Asset
Rank 3

Company Information

The Company was originally incorporated as Heighten Trading Company Private Limited on January 10 2001 under the Companies Act 1956 with the Registrar of Companies Mumbai. Thereafter Company name was changed from Heighten Trading Company Private Limited to Foce India Private Limited under the Companies Act 2013 after passing a Special Resolution by Shareholders at the Annual General Meeting held on December 30 2020 under Companies Act 2013. The fresh Certificate of Incorporation was issued by the Registrar of Companies Mumbai dated April 20 2021. The status of Company got changed to Public Limited and the name of Company was changed to Foce India Limited vide Special Resolution dated April 30 2021. The fresh Certificate of Incorporation consequent to conversion was issued on June 15 2021 by the Registrar of Companies Mumbai. Promoter Mr. Manoj Sitaram Agarwal is the guiding force behind the growth of the Company.The Company is mainly engaged in the business of marketing of various types of wrist watches such as Analog Digital Chronograph Designer etc. which are either customer built or general in nature under the brand name FOCE. The Company procure watches from group concern namely M/s Foce Industries a Partnership Firm which is engaged in the business of assembling of watches at Guwahati Assam. The Company is also involved in the business of corporate gifting such as Time Piece wall Clocks Belts Ties Wallets pen goggles ornamental packaging boxes for watch etc selling of watches and other products under royalty brands.The Company have a strong customer profile across India and provide after sales service to their satisfaction. The Company opened first retail watch store in January 2001 in Mumbai. It has become one of the front runners in the midrange segment with distribution of the products through distribution channel and thus through 128 retail stores across the country with an imposing list clientele in corporate segment. The Company focus on retailing of watch brands through strategically located stores at metros Tier I and Tier II cities. The ecommerce platform allows to cater to a large section of consumers and ensure effective penetration of the luxury watch brands. Since the Company offer ecommerce platform it helps customers to select desired watch by using filter. Creation of watch dials involves much process but Company assembles the dial taking all components from different suppliers and thereafter print the details of brand name Foce graduation marking on dial. The Company decorate the dials with diamond with specific order of the customers. Apart from this Company is engaged in dealing in variety of ornamental watches specifically designed for ladies of various groups. Each stage of assembling watch components is monitored by the quality assurance team to ensure conformity with Companys strict quality standards. Once the watch components are processed through all the activities it will be inspected by the inspection department and then sent to FQC department for final quality check. Before the watch components are dispatched to customer the Company send the final product for a third party inspection both visual and dimensional inspection according to the sampling plan. After the inspection stage the product will be sent for packing and dispatch. The design and development process include concept design followed by trend prevailing in the segment. The Company use software for freehand sketches for designing. To improve the shopping experience the Company also commenced digital platform through ecommerce portal and others. This platform facilitates a seamless access to a variety of luxury watches it retail. This portal allows to cater to customers which are not based in location. The online platform helps Company generating the leads for sales at store. The Company intend to develop digital platform to provide customers ecommerce and online retail business experience.
OrganisationFoce India Ltd