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Fortune Automobiles (India) Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 1.50 Cr
as on 16-11-2024
- Company Age 11 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 81.09 Cr
as on 16-11-2024
- Satisfied Charges ₹ 47.67 Cr
as on 16-11-2024
- Revenue -50.15%
(FY 2023)
- Profit 216.99%
(FY 2023)
- Ebitda -50.99%
(FY 2023)
- Net Worth 80.21%
(FY 2023)
- Total Assets 56.01%
(FY 2023)
About Fortune Automobiles (India)
The Corporate was formerly known as Fortune Vehicles Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.50 Cr.
The company currently has active open charges totaling ₹81.09 Cr. The company has closed loans amounting to ₹47.67 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashish Modi and Nirav Modi serve as directors at the Company.
- CIN/LLPIN
U50100TG2013PTC087284
- Company No.
087284
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Apr 2013
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Fortune Automobiles (India) Private Limited offer?
Fortune Automobiles (India) Private Limited offers a wide range of products and services, including Trucks, Mahindra Trucks, Tractor, Mahindra Tractor, Tipper Trucks, Mahindra Tipper Trucks, Bus, Mahindra School Bus, Mahindra Bus.
Who are the key members and board of directors at Fortune Automobiles (India)?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nirav Modi  | Director | 26-Apr-2013 | Current |
| Ashish Modi | Director | 26-Apr-2013 | Current |
Financial Performance of Fortune Automobiles (India).
Fortune Automobiles (India) Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 50.15% decrease. The company also saw a substantial improvement in profitability, with a 216.99% increase in profit. The company's net worth Soared by an impressive increase of 80.21%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Fortune Automobiles (India)?
In 2023, Fortune Automobiles (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.
Related Corporates (Common Directorship)
Modi & Modi Financial Services LlpActive 8 years 11 monthsAshish Modi and Nirav Modi are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 19 Sep 2022 | ₹57.50 Cr | Open |
Hdfc Bank Limited Creation Date: 20 Dec 2021 | ₹17.39 Cr | Open |
Hdfc Bank Limited Creation Date: 20 Dec 2021 | ₹5.20 Cr | Open |
How Many Employees Work at Fortune Automobiles (India)?
Fortune Automobiles (India) has a workforce of 153 employees as of Apr 04, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Fortune Automobiles (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 Fortune Automobiles (India)'s trajectory.
Rating
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
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.
