Fortune Finance Limited

Founded in 1988 and headquartered in Tamil Nadu, India.

1988 | Ramanathapuram, Tamil Nadu (India) | Active
Last Updated: December 29, 2024

Fortune Finance Profile

Key Indicators

  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 1.25 Cr
  • Company Age 36 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024

About Fortune Finance

Fortune Finance Limited (FFL) is a Public Limited Indian Non-Government Company incorporated in India on 11 October 1988 and has a history of 36 years and three months. Its registered office is in Ramanathapuram, Tamil Nadu, India.

The Company is engaged in the Financial Services 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 4.50 Cr and a paid-up capital of Rs 1.25 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vasu Bhuwalka, Vhimal Bhuwalka, Vinay Bhuwalka, and One other member serve as directors at the Company.

Company Details

  • Location

    Ramanathapuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65191TN1988PLC016332

  • Company No.

    016332

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Oct 1988

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Fortune Finance?

Executive Team (1)

Name Designation Appointment Date Status
Vasu Bhuwalka Country flag representing In Managing Director 07-Mar-1994 Current

Board Members (3)

Name Designation Appointment Date Status
Vhimal Bhuwalka Country flag representing In Director 04-Dec-1993 Current
Vinay Bhuwalka Country flag representing In Director 04-Oct-1989 Current
Mahammad Ali Country flag representing In Additional Director 24-Jul-2019 Current

Financial Performance of Fortune Finance.

Fortune Finance Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

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
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Fortune Finance?

In 2017, Fortune Finance had a promoter holding of 28.97% and a public holding of 71.03%. 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 Fortune Finance?

Unlock and access historical data on people associated with Fortune Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fortune Finance, 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 Finance's trajectory.

Rating

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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 Fortune Finance

Recent activity within the organization

  • Annual General Meeting

    Fortune Finance Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Fortune Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Mahammad Azghar Ali was appointed as a Additional Director was appointed as a Additional Director on 24 Jul 2019 & has been associated with this company since 5 years 6 months .

    24 Jul 2019

  • Director Appointment

    Vasu Bhuwalka was appointed as a Managing Director was appointed as a Managing Director on 07 Mar 1994 & has been associated with this company since 30 years 10 months .

    07 Mar 1994

  • Director Appointment

    Vhimal Kumar Bhuwalka was appointed as a Director was appointed as a Director on 04 Dec 1993 & has been associated with this company since 31 years 1 month .

    04 Dec 1993

  • Director Appointment

    Vinay Bhuwalka was appointed as a Director was appointed as a Director on 04 Oct 1989 & has been associated with this company since 35 years 3 months .

    04 Oct 1989

Frequently asked questions

  • Fortune Finance Limited was incorporated on 11 Oct 1988.

  • The authorized share capital of Fortune Finance Limited is ₹ 4.50 Cr and paid-up capital is ₹ 1.25 Cr.

  • Currently 4 directors are associated with Fortune Finance Limited.

    • Vasu Bhuwalka
    • Vhimal Kumar Bhuwalka
    • Vinay Bhuwalka
    • Mahammad Azghar Ali
  • As per Ministry of Corporate Affairs (Mca), the registered address of Fortune Finance Limited is 374 A.M. Lodge, Room No. 1 Vandikara Street India, Ramanathapuram, Tamil Nadu, 623501.

  • The corporate identification number (CIN) of Fortune Finance Limited is U65191TN1988PLC016332 and the company number is 016332 as per Ministry of Corporate Affairs (MCA).

  • The most recent Balance Sheet for Fortune Finance Limited was filed with the ROC on 31 Mar 2024.