Really good post! I have always played with Forma and I have been very happy with them. Actually Protech (parent company of Forma) makes bike helmets in India and they have been in this business for a very long time. If you see closely, many brads are getting their helmets made by them (look at the designs closely and you will know).
The story is - Kiran More (former India wicketkeeper) has stakes in the company and the original helmet was designed by Sachin Tendulkar many years back. Today they take feedbacks from many India players. No wonder more than half of Indian team uses Forma.
Forma does not currently conform to the latest safety standards. This is not a colonialism thing, or xenophobia as has been raised by a few in the past. Shrey, Yonker and Stanford (all Indian brands) have helmets that have been put through the testing, and passed.
As raised in this topic, just because a helmet has passed does not automatically make it safe in my opinion, the worrying lack of build quality in many Shreys is evidence of this. When scrutinising whether we will stock a safety product we look at more than a simple safety certificate, which has its flaws as i have shown.