Forace group

What Forace group does

Forace group is a privately held Indian entity with firmographic data referencing refractory coatings, specialty releases, core glues, and foundry consumables, founded in 1980, headquartered in Haridwar, India, with 101–250 employees. However, the substantive product, technology, partnership, customer, and operational data attached to this company profile describes Pin Up Casino, an online gambling platform operated by Carletta N.V. (registered in Curacao), with payment processing handled by Carletta Limited and B.W.I Black-Wood Limited (both registered in Cyprus). The platform URL https://foracepolymers.net currently displays Pin Up Casino content, indicating either a domain repurposing, data mismatch, or aggregation error; the analysis below reflects the Pin Up Casino business as the substantive subject.

Pin Up Casino combines online casino gaming and sports betting into a single consumer-facing platform accessible via desktop web, Android APK, and iOS web app. The casino vertical offers 10,000+ games sourced from tier-1 providers (Microgaming, NetEnt, Pragmatic Play, Evolution, Spribe, Play'n GO, Bgaming, BetSoft) including slots, table games, crash games, TV games, and 200+ live dealer tables; the sports vertical covers 40+ sports with 1,500+ daily events (1,000+ football, 180–200 tennis, 100+ MMA, plus dedicated cricket markets) with pre-match, live, and accumulator betting. The platform operates under Curacao Gaming Control Board license OGL/2024/580/0570 (issued July 1, 2024) and is geographically restricted from the US, UK, Netherlands, France, and Curacao.

The business model is B2C wagering: revenue is generated from the mathematical house edge on casino games and the odds margin (vig) on sports betting, supplemented by a tiered VIP loyalty program offering weekly cashback up to 10% on qualifying losses, reload bonuses, and a 500 INR birthday bonus. Customer acquisition is incentive-driven through welcome bonuses (120% up to INR 450,000 + 250 free spins for casino; tiered up to 125% up to INR 450,000 for sports), affiliate/referral programs, and SEO content marketing. Target customers are individual gamblers in India (primary), CIS countries (Russia, Kazakhstan, Uzbekistan, Azerbaijan), and Latin America, supported by 14+ language options and INR/EUR/USD/local crypto payment rails (UPI, PhonePe, PayTM, BHIM, WhatsApp Pay, plus BTC, ETH, DOGE, LTC, TON, TRON, USDC). Minimum deposit is 300 INR and minimum withdrawal is 500 INR.

Name

Forace group

Legal name

Carletta N.V.

Website

https://foracepolymers.net

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Pin Up Casino is an online gambling platform operated by Carletta N.V. under a Curacao license, offering 10,000+ casino games and sports betting across 40+ sports to individual players in India, CIS countries, and Latin America via web and mobile.

Ownership category

akta.pro rank

Product category

Foundry Consumables

NAICS

Paint and Coating Manufacturing (32551), Paint, Coating, and Adhesive Manufacturing (3255), Adhesive Manufacturing (32552)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Adhesives & Sealants (2891), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Industrial & Protective Coatings (IMAEAGAB)

akta.pro secondary industries

Adhesives (Structural & Assembly) (IMAEAGAH), Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK)

Keywords

• Refractory coatings
• Foundry consumables
• Core glues
• Specialty releases
• Industrial materials

Headquarters

HQ city

Haridwar

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel

Revenue model

1. Casino Gaming (House Edge): Revenue generated from the mathematical house edge built into casino games including slots, table games, crash games, and live dealer games. Players wager real money and the platform retains a percentage across all wagers placed.
2. Sports Betting (Vig/Margin): Revenue from sports betting odds margin across 40+ sports types with over 1,500 daily events. Platform offers pre-match and live betting markets.
3. Payment Processing Fees: Revenue from cryptocurrency deposits and withdrawals including BTC, ETH, DOGE, LTC, TON, TRON, USDC on multiple networks (Polygon, BEP20, TRC20). Minimum withdrawal amounts and processing fees apply.
4. VIP and Loyalty Program: All players become part of the VIP program with tiered benefits including cashback, reload bonuses, and exclusive promotions. Cashback tiers: 5% for losses of 2,000+ INR, 7% for 10,000+ INR, 10% for 50,000+ INR.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Forace group specializes in the production of refractory coatings, specialty releases, core glues, and foundry consumables. The company manufactures industrial materials used in foundry operations and metal casting processes.

Product overview

Pin Up Casino operates as a unified online gambling platform combining casino gaming and sports betting services. The platform offers over 10,000 casino games from providers such as Microgaming, NetEnt, Pragmatic Play, Evolution, and others, along with sports betting across 40+ sports disciplines with over 1,500 daily events. The platform is accessible via web browser, mobile-optimized site, and dedicated Android/iOS applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Refractory Coatings Refractory coatings manufactured by Forace group for foundry and metal casting applications, used in high-temperature metal casting operations.
• Specialty Releases Specialty release agents manufactured by Forace group for foundry and metal casting applications, used to facilitate mold and core separation.
• Core Glues Core glues manufactured by Forace group for foundry and metal casting applications, used for foundry core assembly processes.
• Foundry Consumables Foundry consumables manufactured by Forace group for metal casting operations, used as inputs in industrial foundry and metal casting processes.

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Curacao Gaming Control BoardcoreOthers · 1 July 2024Licensed operator under Curacao Gaming Control Board with license number OGL/2024/580/0570 issued July 1, 2024. Provides legal operating framework for the online gambling platform.
• Game Providers (Software Vendors)coreTechnology or IntegrationCasino games sourced from major providers including Microgaming, NetEnt, Pragmatic Play, Evolution, Spribe, Smartsoft Gaming, Bgaming, BetSoft, Play'n GO, Winfinity, Amusnet. These providers power the 10,000+ casino games including slots, table games, crash games, and live dealer games.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Calderys (Imerys): Calderys, part of Imerys, is a major refractory solutions provider serving foundries, steel, and glass. Overlaps with Forace in refractory coatings and high-temperature consumables but competes across a much wider product range.
• Vesuvius India: Vesuvius's Indian subsidiary supplies refractory and foundry consumables to domestic steel and casting customers. Competes with Forace in the same Indian market but with broader global reach and a wider product line.
• Morgan Advanced Materials: Morgan Advanced Materials supplies refractory ceramics and thermal management products to industrial and foundry customers. Compares to Forace in the high-temperature coatings and refractory segment, though at a different scale and product mix.
• Saint-Gobain (Pampus): Saint-Gobain's Pampus division supplies refractory and functional coatings for metallurgical applications. Direct overlap with Forace's refractory coatings business, though positioned as part of a global industrial materials portfolio.
• Imerys (Refractory, Abrasives, Construction): Imerys is a global specialty minerals group with refractory, foundry, and industrial coating adjacencies. Comparable to Forace as an upstream supplier of mineral-based functional inputs used in foundry consumables.

Regional players

• IFGL Refractories: IFGL Refractories is an Indian manufacturer of refractories and allied products for steel and foundry customers. Comparable to Forace as a domestic Indian competitor serving the same regional foundry customer base.
• Jyoti Products: Jyoti Products is an Indian manufacturer of foundry consumables including parting powders, core glues, and refractory coatings. Closely comparable to Forace at the regional level, serving similar Indian foundry customers.

Direct peers

• ASK Chemicals: ASK Chemicals manufactures foundry chemicals including binders, coatings, release agents, and core-making auxiliaries. Its product mix closely mirrors Forace's coatings, core glues, and specialty releases offering.
• HA International: HA International supplies resin binders, refractory coatings, and release agents to the foundry industry in North America and globally. Comparable to Forace as a focused foundry chemicals supplier.
• Foseco (Vesuvius): Foseco, a division of Vesuvius plc, is the global category leader in foundry consumables including refractory coatings, release agents, feeding systems, and binders. It is the most direct comparator to Forace's product portfolio and end customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/forace-polymers-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forace group