Fortune Metaliks Limited

Produces steel ingots, TMT bars, and structural steel products under the brand Fortune.

2008 | Ludhiana, Punjab (India) | Active
Last Updated: December 18, 2024

Fortune Metaliks Profile

Key Indicators

  • Authorised Capital ₹ 4.38 Cr
  • Paid Up Capital ₹ 4.38 Cr
  • Company Age 16 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 683.63 Cr
  • Satisfied Charges ₹ 230.00 Cr
  • Revenue Growth -0.34%
  • Profit Growth 86.25%
  • Ebitda 12.05%
  • Net Worth 10.13%
  • Total Assets 2.96%

About Fortune Metaliks

Fortune Metaliks Limited (FML) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 July 2008 and has a history of 16 years and seven months. Its registered office is in Ludhiana, Punjab, India.

The Company is engaged in the Metals And Minerals 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 4.38 Cr and a paid-up capital of Rs 4.38 Cr.

The company currently has active open charges totaling ₹683.63 Cr. The company has closed loans amounting to ₹230.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Bhagwan Bansal, Deep Bansal, Saurabh Bansal, and One other member serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    fortunegroup.org.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27100PB2008PLC032063

  • Company No.

    032063

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Jul 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Metals and Minerals

What products or services does Fortune Metaliks Limited offer?

Fortune Metaliks Limited offers a wide range of products and services, including Turnkey Consultants & Solutions, Project Handling Services, Business Planning and Management, Business Consultant.

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

Board Members (4)

NameDesignationAppointment DateStatus
Bhagwan Bansal Country flag representing In Director 01-Jul-2008Current
Deep Bansal Country flag representing In Director 01-Jul-2008Current
Saurabh Bansal Country flag representing In Director 15-Jul-2009Current
Rajeshkumar Gaur Country flag representing In Additional Director 01-Nov-2023Current

Financial Performance of Fortune Metaliks.

Fortune Metaliks Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 0.34% decrease. The company also saw a substantial improvement in profitability, with a 86.25% increase in profit. The company's net worth Soared by an impressive increase of 10.13%.

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
-0.34%
Revenue from Operations
-0.36%
Total Assets
2.96%
Profit or Loss
86.25%
Net Worth
10.13%
EBITDA
12.05%

What is the Ownership and Shareholding Structure of Fortune Metaliks?

In 2023, Fortune Metaliks had a promoter holding of 73.07% and a public holding of 26.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹683.63 Cr

Satisfied Charges

₹230.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 304.94 Cr
  • Sbicap Trustee Company Limited : 193.39 Cr
  • State Bank Of India : 157.00 Cr
  • State Bank Of Patiala : 27.00 Cr
  • Axis Bank Limited : 1.30 Cr

Latest Charge Details

DateLenderAmountStatus
13 May 2024Axis Bank Limited₹1.30 CrOpen
19 Sep 2023Others₹41.59 CrOpen
17 Oct 2022State Bank Of India₹110.00 CrOpen
04 Feb 2022Sbicap Trustee Company Limited₹193.39 CrOpen
09 Jun 2021State Bank Of India₹20.00 CrOpen

How Many Employees Work at Fortune Metaliks?

Fortune Metaliks has a workforce of 184 employees as of Nov 19, 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 Fortune Metaliks, 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 Metaliks'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 Fortune Metaliks

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100940690 was registered on 13 May 2024.

    13 May 2024

  • Charges

    A charge with State Bank Of India of Rs. 20.00 Cr registered on 09 Jun 2021 with Charge ID 100462527 was modified on 28 Feb 2024.

    28 Feb 2024

  • Director Appointment

    Rajeshkumar Tejpal Gaur was appointed as a Additional Director was appointed as a Additional Director on 01 Nov 2023 & has been associated with this company since 1 year 3 months .

    01 Nov 2023

  • Annual General Meeting

    Fortune Metaliks Limited 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. 41.59 Cr with Charge ID 100781227 was registered on 19 Sep 2023.

    19 Sep 2023

  • Charges

    A charge with State Bank Of India of Rs. 110.00 Cr registered on 17 Oct 2022 with Charge ID 100619194 was modified on 26 Jul 2023.

    26 Jul 2023

Frequently asked questions

  • Fortune Metaliks Limited was incorporated on 01 Jul 2008.

  • The authorized share capital of Fortune Metaliks Limited is ₹ 4.38 Cr and paid-up capital is ₹ 4.38 Cr.

  • Currently 4 directors are associated with Fortune Metaliks Limited.

    • Bhagwan Dass Bansal
    • Deep Bansal
    • Saurabh Bansal
    • Rajeshkumar Tejpal Gaur
  • As per Ministry of Corporate Affairs (Mca), the registered address of Fortune Metaliks Limited is Ferozepur Road Opp. Circut House India, Ludhiana, Punjab, 141001.

  • The corporate identification number (CIN) of Fortune Metaliks Limited is U27100PB2008PLC032063 and the company number is 032063 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Fortune Metaliks Limited is https://www.fortunegroup.org.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Fortune Metaliks Limited has fallen by -0.34%.

  • As Per 2021 financial reports, 184 employees are currently employed by Fortune Metaliks Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Fortune Metaliks Limited has experienced an upsurge of 10.13%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Fortune Metaliks Limited amount to ₹ 683.63 Cr.

  • The most recent Balance Sheet for Fortune Metaliks Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Steel Manufacturing & Processing