Fortrea Development India Private Limited

Founded in 2007 and headquartered in Karnataka, India.

2007 | Bangaluru, Karnataka (India) | Active
Last Updated:

Fortrea Development India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.51 M
  • Company Age 17 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 21.40%
  • Profit Growth 83.76%
  • Ebitda 34.89%
  • Net Worth 54.71%
  • Total Assets 33.15%

About Fortrea Development India

Fortrea Development India Private Limited (FDIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 July 2007 and has a history of 17 years and seven months. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Labcorp Drug Development Private Limited. The Company is engaged in the Pharma 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 1.00 M and a paid-up capital of Rs 0.51 M, as per Ministry of Corporate Affairs (MCA) records.

Rangarajan Narasimhan, Rishi Sharma, and David Cooper serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    fortrea.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999KA2007PTC190095

  • Company No.

    172206

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Jul 2007

  • Date of AGM

    26 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Pharma

Who are the key members and board of directors at Fortrea Development India?

Board Members (3)

NameDesignationAppointment DateStatus
Rangarajan Narasimhan Country flag representing In Director 24-Jul-2020Current
Rishi Sharma Country flag representing In Director 11-Sep-2023Current
David Cooper Country flag representing Us Director 30-Jun-2023Current

Financial Performance of Fortrea Development India.

Fortrea Development India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.4% increase. The company also saw a substantial improvement in profitability, with a 83.76% increase in profit. The company's net worth Soared by an impressive increase of 54.71%.

Fortrea Development India revenue growth over time
Fortrea Development India 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
21.40%
Revenue from Operations
21.24%
Total Assets
33.15%
Profit or Loss
83.76%
Net Worth
54.71%
EBITDA
34.89%

What is the Ownership and Shareholding Structure of Fortrea Development India?

In 2023, Fortrea Development India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Fortrea Development India?

Fortrea Development India has a workforce of 3153 employees as of Apr 02, 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.

Employee growth trends for Fortrea Development India Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fortrea Development India, 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 Fortrea Development India'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 Fortrea Development India

Recent activity within the organization

  • Annual General Meeting

    Fortrea Development India Private Limited last Annual general meeting of members was held on 26 Sep 2023 as per latest MCA records.

  • Director Appointment

    Rishi Raj Sharma was appointed as a Director was appointed as a Director on 11 Sep 2023 & has been associated with this company since 1 year 5 months .

  • Director Appointment

    David Howard Cooper was appointed as a Director was appointed as a Director on 30 Jun 2023 & has been associated with this company since 1 year 8 months .

  • Balance Sheet

    Fortrea Development India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Director Appointment

    Rangarajan Narasimhan was appointed as a Director was appointed as a Director on 24 Jul 2020 & has been associated with this company since 4 years 7 months .

  • Company Incorporation

    Fortrea Development India Private Limited was registered on 10 Jul 2007 with Roc Bangalore & aged 17 years 7 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Fortrea Development India Private Limited?

    Fortrea Development India Private Limited was incorporated on 10 Jul 2007.

  • What is authorized share capital and paid-up capital of Fortrea Development India Private Limited?

    The authorized share capital of Fortrea Development India Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.51 M.

  • Who are the current board members & directors of Fortrea Development India Private Limited?

    Currently 3 directors are associated with Fortrea Development India Private Limited.

    • Rangarajan Narasimhan
    • Rishi Raj Sharma
    • David Howard Cooper

  • What is the registered address of Fortrea Development India Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fortrea Development India Private Limited is No. 29 Msr Vaishnavi Union Street Off Cubbon Road, India, Bangalore North, Karnataka, 560001.

  • What is the corporate identification number (CIN) and company number of Fortrea Development India Private Limited?

    The corporate identification number (CIN) of Fortrea Development India Private Limited is U74999KA2007PTC190095 and the company number is 172206 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fortrea Development India Private Limited?

    The Official website of Fortrea Development India Private Limited is https://www.fortrea.com

  • What has been the recent revenue trend for Fortrea Development India Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Fortrea Development India Private Limited has risen by 21.40%.

  • How many employees does Fortrea Development India Private Limited currently have?

    As Per 2023 financial reports, 3153 employees are currently employed by Fortrea Development India Private Limited.

  • What change has been observed in the net worth of Fortrea Development India Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Fortrea Development India Private Limited has experienced an upsurge of 54.71%.

  • When was the last Balance Sheet of Fortrea Development India Private Limited filed with the ROC?

    The most recent Balance Sheet for Fortrea Development India Private Limited was filed with the ROC on 31 Mar 2023.

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