Forcas Studio Ltd – Company Report
1. Company Overview
Forcas Studio Ltd, originally established as Forcas Apparels in 2010, is a prominent player in India's menswear clothing segment. Based in Thakurpukur Mahestola, West Bengal, the company began as a partnership firm, later converting to a private limited company in January 2024, and finally into a public limited company in April 2024. Led by founder Sailesh Agarwal, Forcas Studio focuses on stylish, value-driven menswear distributed nationwide via e-commerce and wholesale channels. As of early 2024, it operates with four warehouses and a 68-member workforce.
Key Details:
- Incorporated: April 2010 (as Forcas Apparels); Public Ltd. since April 2024
- Headquarters: Thakurpukur Mahestola, West Bengal
- Founder: Sailesh Agarwal
- Employees: ~68 (as of Feb 2024)
- Focus: Menswear – shirts, denims, t-shirts, trousers
- Brands: FTX, Tribe, Conteno
2. Products and Services
Forcas Studio offers a diverse portfolio of men’s garments aligned with modern fashion and comfort:
- Shirts, Denims, T-Shirts
- Trousers, Cotton Pants
- Sportswear, Party Wear, Fashion Wear
- Boxers, Accessories
Brand & Distribution Highlights:
Products sold under in-house brands: FTX, Tribe, Conteno
Strong presence on major e-commerce platforms: Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, Shopsy
Wholesale network supplies:
- Over 500 large-format stores: V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, Sarvana Retail
- Coverage of 15,000+ pin codes in India
White-Label Services:
- Supplies to brands like: Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail
- Fabrics sourced from Kolkata, Surat, Mumbai
- Garments manufactured by job workers under company supervision to ensure design and quality control
SKU & Catalog:
- Maintains a catalog of 1,200+ SKUs, supporting style diversity and expansion.
3. Recent News & Financial Performance
Business Developments
- IPO completed in 2024; proceeds used for warehouse upgrades, loan prepayments, and working capital
- Expanded rapidly in both digital and offline retail channels
- FTX brand launched on Zepto (Q1 FY26) – enabling 15-minute delivery in 80+ cities
- Introduced as an FWD brand on Myntra
- Added women’s wear segment; marketing begins in Q2 FY26
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Total Revenue | ₹143 crore |
| Profit After Tax (PAT) | ₹8.63 crore |
| Operating Profit Margin | 9% |
| Net Profit Margin | 6% |
| Basic EPS | ₹4.91 |