Fortpoint Automotive Pvt Ltd

Manufactures and sells two-wheeler vehicles under a well-known brand.

1992 | Thane West, Maharashtra (India) | Active
Last Updated: June 15, 2024

Fortpoint Automotive Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 9.25 M
  • Company Age 32 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 55.93 Cr
  • Satisfied Charges ₹ 55.99 Cr
  • Revenue Growth 11.38%
  • Profit Growth 245.91%
  • Ebitda -2.85%
  • Net Worth 4.49%
  • Total Assets -4.74%

About Fortpoint Automotive

Fortpoint Automotive Pvt Ltd (FAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 November 1992 and has a history of 32 years and three months. Its registered office is in Thane West, Maharashtra, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 9.25 M.

The company currently has active open charges totaling ₹55.93 Cr. The company has closed loans amounting to ₹55.99 Cr, as per Ministry of Corporate Affairs (MCA) records.

Nikhil Dugad, Sandesh Dugad, and Sundeep Bafna serve as directors at the Company.

Company Details

  • Location

    Thane West, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    fortpointmaruti.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U52100MH1992PTC069508

  • Company No.

    069508

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Nov 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Automotive

Who are the key members and board of directors at Fortpoint Automotive?

Board Members (3)

NameDesignationAppointment DateStatus
Nikhil Dugad Country flag representing In Director 08-Mar-2022Current
Sandesh Dugad Country flag representing In Director 22-Jan-2018Current
Sundeep Bafna Country flag representing In Director 12-Nov-1992Current

Financial Performance of Fortpoint Automotive.

Fortpoint Automotive Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 11.38% increase. The company also saw a substantial improvement in profitability, with a 245.91% increase in profit. The company's net worth moved up by a moderate rise of 4.49%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
11.38%
Revenue from Operations
11.06%
Total Assets
-4.74%
Profit or Loss
245.91%
Net Worth
4.49%
EBITDA
-2.85%

What is the Ownership and Shareholding Structure of Fortpoint Automotive?

In 2023, Fortpoint Automotive had a promoter holding of 70.67% and a public holding of 29.33%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹55.93 Cr

Satisfied Charges

₹55.99 Cr

Charges Breakdown by Lending Institutions

  • Indian Bank : 20.62 Cr
  • State Bank Of India : 12.65 Cr
  • Gmac Financial Services India Limited : 10.00 Cr
  • Others : 6.75 Cr
  • Tata Capital Financial Services Limited : 3.50 Cr
  • Others : 2.41 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jun 2023Others₹1.25 CrOpen
06 Oct 2021Indian Bank₹17.25 CrOpen
30 Sep 2021Indian Bank₹3.37 CrOpen
29 Oct 2019State Bank Of India₹12.65 CrOpen
06 Jul 2017Others₹5.50 CrOpen

How Many Employees Work at Fortpoint Automotive?

Fortpoint Automotive has a workforce of 19 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fortpoint Automotive, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Fortpoint Automotive's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Fortpoint Automotive

Recent activity within the organization

  • Annual General Meeting

    Fortpoint Automotive Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 1.25 Cr with Charge ID 100749439 was registered on 17 Jun 2023.

    17 Jun 2023

  • Balance Sheet

    Fortpoint Automotive Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge registered on 21 Oct 2022 via Charge ID 100642298 with Indian Bank was fully satisfied on 23 Feb 2023.

    23 Feb 2023

  • Charges

    A charge registered on 25 Mar 2022 via Charge ID 100553114 with Indian Bank was fully satisfied on 28 Nov 2022.

    28 Nov 2022

  • Charges

    A charge with Indian Bank amounted to Rs. 3.00 Cr with Charge ID 100642298 was registered on 21 Oct 2022.

    21 Oct 2022

Frequently asked questions

  • Fortpoint Automotive Pvt Ltd was incorporated on 12 Nov 1992.

  • The authorized share capital of Fortpoint Automotive Pvt Ltd is ₹ 1.50 Cr and paid-up capital is ₹ 9.25 M.

  • Currently 3 directors are associated with Fortpoint Automotive Pvt Ltd.

    • Nikhil Sandesh Dugad
    • Sandesh Subhash Dugad
    • Sundeep Prakash Bafna
  • As per Ministry of Corporate Affairs (Mca), the registered address of Fortpoint Automotive Pvt Ltd is No 343 Near Yashwant Nagar Road Padman Sarkar Nagar Virat Nagar Virar, West, Thane West, Maharashtra, India, 401303.

  • The corporate identification number (CIN) of Fortpoint Automotive Pvt Ltd is U52100MH1992PTC069508 and the company number is 069508 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Fortpoint Automotive Pvt Ltd is https://www.fortpointmaruti.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Fortpoint Automotive Pvt Ltd has risen by 11.38%.

  • As Per 2023 financial reports, 19 employees are currently employed by Fortpoint Automotive Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Fortpoint Automotive Pvt Ltd has experienced an upsurge of 4.49%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Fortpoint Automotive Pvt Ltd amount to ₹ 55.93 Cr.

  • The most recent Balance Sheet for Fortpoint Automotive Pvt Ltd was filed with the ROC on 31 Mar 2023.

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