NASDAQ · Industrials
Invest in Founder stock from India
Indian and foreign residents can buy Founder (FGL) shares directly through Paasa.
By Paasa · Updated
Founder at a glance
- Price
- $4.00-$0.10 (2.44%)
- Market cap
- $42.10K
- Day range
- $4.00 – $4.20
- P/E
- -0.01
- Dividend yield
- None
- Volume
- 12.89K
- 1 month
- -73.92%
- 6 months
- -98.37%
- YTD
- -99.75%
- 1 year
- -99.91%
- 5 years
- —
Founder statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | MYR 120.7M | MYR 90.3M | MYR 148.1M | MYR 63.5M | MYR 25.2M |
| Gross profit | MYR 14.0M | MYR 6.2M | MYR 17.9M | MYR 8.7M | MYR 3.2M |
| Operating income | −MYR 2.3M | −MYR 5.6M | MYR 11.2M | MYR 5.3M | MYR 2.4M |
| Net income | −MYR 7.8M | −MYR 5.2M | MYR 7.1M | MYR 3.9M | MYR 1.9M |
| Earnings per share | −MYR 2,482.00 | −MYR 2,915.00 | MYR 4,552.00 | MYR 2,512.00 | MYR 1,222.00 |
| EBITDA | MYR 2.3M | −MYR 2.8M | MYR 11.4M | MYR 5.9M | MYR 3.0M |
| Total assets | MYR 189.7M | MYR 114.3M | MYR 83.9M | MYR 34.4M | MYR 10.0M |
| Total debt | MYR 128.2M | MYR 35.8M | MYR 24.9M | MYR 4.5M | MYR 238.0K |
| Cash and short-term investments | MYR 80.2M | MYR 13.9M | MYR 5.6M | MYR 8.2M | MYR 1.3M |
| Shareholders' equity | MYR 30.3M | MYR 17.1M | MYR 14.8M | MYR 7.6M | MYR 3.7M |
| Operating cash flow | −MYR 41.0M | −MYR 6.1M | −MYR 17.5M | −MYR 2.5M | MYR 5.5M |
| Free cash flow | −MYR 41.9M | −MYR 7.4M | −MYR 18.9M | −MYR 2.7M | MYR 4.7M |
| Capital expenditure | −MYR 826.3K | −MYR 1.3M | −MYR 1.5M | −MYR 161.9K | −MYR 887.6K |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in MYR; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| OceanPal | OP | $6.01 | $187.04M |
| Antelope Enterprise | AEHL | $8.59 | $8.37M |
| SKK | SKK | $4.50 | $7.42M |
| FBS Global | FBGL | $4.01 | $5.41M |
| DevvStream | DEVS | $0.15 | $5.37M |
| Iveda Solutions | IVDA | $0.29 | $3.36M |
| Intelligent | INTJ | $3.25 | $3.33M |
| Galaxy Payroll | GLXG | $0.98 | $1.91M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Founder from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search FGL and buy
Find Founder by name or by its ticker, FGL, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Founder from India
What Founder does
Founder Group Ltd. is a holding company, which engages in the supply and installation of solar systems and other engineering works involving civil, structural, mechanical, and electrical engineering. It operates through the Large-Scale Solar and Commercial and Industrial segments. Founder operates in the Engineering & Construction industry within the Industrials sector.
Hold a dollar asset
Founder shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Founder share. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Founder stock from India?
Yes. Indian residents and NRIs can buy Founder (FGL) shares directly through Paasa. Founder is listed on NASDAQ, in the Engineering & Construction industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Founder share?
No. You can buy part of one Founder share and add to your position over time. One share is $4.00, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Founder dividends taxed for Indian investors?
Founder trades on NASDAQ but is domiciled in Malaysia, so any withholding on its dividends follows that country's rules rather than those of the US. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Founder shares?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.