Fortune Metals Profile
Key Indicators
- Authorised Capital ₹ 7.70 Cr
- Paid Up Capital ₹ 7.19 Cr
- Company Age 20 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 522.31 Cr
- Satisfied Charges ₹ 200.08 Cr
- Revenue Growth 23.95%
- Profit Growth 48.49%
- Ebitda 6.36%
- Net Worth 8.02%
- Total Assets -0.09%
About Fortune Metals
Fortune Metals Limited (FML) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 November 2004 and has a history of 20 years and three months. Its registered office is in Punjab, Punjab.
The Company is engaged in the Manufacturing 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 7.70 Cr and a paid-up capital of Rs 7.19 Cr.
The company currently has active open charges totaling ₹522.31 Cr. The company has closed loans amounting to ₹200.08 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bhagwan Bansal, Deep Bansal, Saurabh Bansal, and Two other members serve as directors at the Company.
Company Details
- Location Punjab, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U27100PB2004PLC027603
- Company No.
027603
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
01 Nov 2004
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
What products or services does Fortune Metals Limited offer?
Fortune Metals Limited offers a wide range of products and services, including Steel Pipes, Steel Tubes, Stainless Steel Pipes, Stainless Steel Square Pipe, Carbon Steel Pipes, Galvanized Pipe, Galvanized Steel Tubes, Rollers, Industrial Rollers, Metal Angles.
Who are the key members and board of directors at Fortune Metals?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Deep Bansal  | Managing Director | 01-Nov-2004 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Satish Nagpal | Nominee Director | 17-Sep-2022 | Current |
| Bhagwan Bansal | Whole-Time Director | 01-Nov-2004 | Current |
| Saurabh Bansal | Director | 16-Jan-2012 | Current |
| Harpal Singh | Director | 17-Sep-2022 | Current |
Financial Performance of Fortune Metals.
Fortune Metals Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.95% increase. The company also saw a substantial improvement in profitability, with a 48.49% increase in profit. The company's net worth moved up by a moderate rise of 8.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Fortune Metals?
In 2023, Fortune Metals had a promoter holding of 98.72% and a public holding of 1.28%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Fortune Metaliks LimitedBhagwan Bansal, Deep Bansal and 1 more are mutual person
- Fortune Steel And Wire Limited
Bhagwan Bansal, Deep Bansal and 1 more are mutual person
- Global Transmission Private Limited
Bhagwan Bansal and Deep Bansal are mutual person
Pantagan Finance LimitedDeep Bansal and Saurabh Bansal are mutual person
- Rosewood Mercantile Private Limited
Saurabh Bansal and Harpal Singh are mutual person
- Frist Step Compusystem Private Limited
Saurabh Bansal and Harpal Singh are mutual person
Charges (Loans)
₹522.31 Cr
₹200.08 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 193.39 Cr
- Others : 170.77 Cr
- State Bank Of India : 145.80 Cr
- Tata Capital Financial Services Limited : 7.50 Cr
- Icici Bank Limited : 4.85 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2024 | Others | ₹6.36 Cr | Open |
| 26 Jul 2023 | Others | ₹20.00 Cr | Open |
| 04 Feb 2022 | Sbicap Trustee Company Limited | ₹100.00 Cr | Open |
| 04 Feb 2022 | Sbicap Trustee Company Limited | ₹93.39 Cr | Open |
| 09 May 2017 | Others | ₹2.09 M | Open |
How Many Employees Work at Fortune Metals?
Fortune Metals has a workforce of 140 employees as of Nov 15, 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 Metals, 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 Metals'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.
