Fortune Metals Limited

Produces TMT bars and ERW pipes in Punjab and Chattisgarh as part of Fortune Group.

2004 | Punjab, Punjab (India) | Active
Last Updated:

Fortune Metals Profile

Key Indicators

  • Authorised Capital ₹ 7.70 Cr
  • Paid Up Capital ₹ 7.19 Cr
  • Company Age 20 Year, 6 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 six 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

Manufacturing
Metals and Minerals

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.

Company report

Fortune Metals Limited

Explore comprehensive data for Fortune Metals Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Deep Bansal Country flag representing In Managing Director01-Nov-2004Current

Board Members (4)

NameDesignationAppointment DateStatus
Satish Nagpal Country flag representing In Nominee Director 17-Sep-2022Current
Bhagwan Bansal Country flag representing In Whole-Time Director 01-Nov-2004Current
Saurabh Bansal Country flag representing In Director 16-Jan-2012Current
Harpal Singh Country flag representing In Director 17-Sep-2022Current

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%.

Fortune Metals revenue growth over time
Fortune Metals 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
23.95%
Revenue from Operations
24.09%
Total Assets
-0.09%
Profit or Loss
48.49%
Net Worth
8.02%
EBITDA
6.36%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹522.31 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
05 Mar 2024Others₹6.36 CrOpen
26 Jul 2023Others₹20.00 CrOpen
04 Feb 2022Sbicap Trustee Company Limited₹100.00 CrOpen
04 Feb 2022Sbicap Trustee Company Limited₹93.39 CrOpen
09 May 2017Others₹2.09 MOpen

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.

Employee growth trends for Fortune Metals Limited

Deals i

Graph showing company valuation over time

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

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 Metals

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 6.36 Cr with Charge ID 100878905 was registered on 05 Mar 2024.

  • Annual General Meeting

    Fortune Metals Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100759718 was registered on 26 Jul 2023.

  • Balance Sheet

    Fortune Metals Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

  • Director Appointment

    Harpal Singh was appointed as a Director was appointed as a Director on 17 Sep 2022 & has been associated with this company since 2 years 7 months .

  • Director Appointment

    Satish Kumar Nagpal was appointed as a Nominee Director was appointed as a Nominee Director on 17 Sep 2022 & has been associated with this company since 2 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Fortune Metals Limited?

    Fortune Metals Limited was incorporated on 01 Nov 2004.

  • What is authorized share capital and paid-up capital of Fortune Metals Limited?

    The authorized share capital of Fortune Metals Limited is ₹ 7.70 Cr and paid-up capital is ₹ 7.19 Cr.

  • Who are the current board members & directors of Fortune Metals Limited?

    Currently 5 directors are associated with Fortune Metals Limited.

    • Bhagwan Dass Bansal
    • Deep Bansal
    • Saurabh Bansal
    • Harpal Singh
    • Satish Kumar Nagpal

  • What is the registered address of Fortune Metals Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fortune Metals Limited is Ferozepur Roadopp Circuit House Ludhiana India, Punjab.

  • What is the corporate identification number (CIN) and company number of Fortune Metals Limited?

    The corporate identification number (CIN) of Fortune Metals Limited is U27100PB2004PLC027603 and the company number is 027603 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fortune Metals Limited?

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

  • What has been the recent revenue trend for Fortune Metals Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Fortune Metals Limited has risen by 23.95%.

  • How many employees does Fortune Metals Limited currently have?

    As Per 2023 financial reports, 140 employees are currently employed by Fortune Metals Limited.

  • What change has been observed in the net worth of Fortune Metals Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Fortune Metals Limited has experienced an upsurge of 8.02%.

  • What are the total open charges for Fortune Metals Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Fortune Metals Limited amount to ₹ 522.31 Cr.

  • When was the last Balance Sheet of Fortune Metals Limited filed with the ROC?

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

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