Fortune Motors Profile
Key Indicators
- Authorised Capital ₹ 8.50 M
as on 23-10-2024
- Paid Up Capital ₹ 2.00 M
as on 23-10-2024
- Company Age 27 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 267.50 Cr
as on 23-10-2024
- Satisfied Charges ₹ 9.03 Cr
as on 23-10-2024
- Revenue 30.07%
(FY 2023)
- Profit 227.68%
(FY 2023)
- Ebitda 54.24%
(FY 2023)
- Net Worth 16.41%
(FY 2023)
- Total Assets 0.78%
(FY 2023)
About Fortune Motors
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 8.50 M and a paid-up capital of Rs 2.00 M.
The company currently has active open charges totaling ₹267.50 Cr. The company has closed loans amounting to ₹9.03 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashish Modi, Nirav Modi, and Rupali Modi serve as directors at the Company.
- CIN/LLPIN
U50400TG1997PTC027733
- Company No.
027733
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Aug 1997
- 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 Motors Private Limited offer?
Fortune Motors Private Limited offers a wide range of products and services, including Motorcycle, Honda Motorcycle.
Who are the key members and board of directors at Fortune Motors?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rupali Modi  | Director | 11-Aug-1997 | Current |
| Nirav Modi | Director | 14-Mar-2007 | Current |
| Ashish Modi | Director | 11-Aug-1997 | Current |
Financial Performance and Corporate Structure Insights of Fortune Motors.
Fortune Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.07% increase. The company also saw a substantial improvement in profitability, with a 227.68% increase in profit. The company's net worth Soared by an impressive increase of 16.41%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Fortune Motors?
In 2023, Fortune Motors had a promoter holding of 74.67% and a public holding of 25.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
_PRIVATE_LIMITED.webp)
Fortune Automobiles (India) Private LimitedActive 11 years 7 monthsAshish Modi and Nirav Modi are mutual person
Elogic Solutions (India) Private LimitedActive 25 years 24 daysAshish Modi and Rupali Modi are mutual person
Elogic Engineering Services Private LimitedActive 3 years 6 monthsAshish Modi and Rupali Modi are mutual person
_PRIVATE_LIMITED.webp)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 11 May 2023 | ₹102.50 Cr | Open |
Others Creation Date: 28 Sep 2022 | ₹46.80 Cr | Open |
Others Creation Date: 28 Sep 2022 | ₹17.00 Cr | Open |
How Many Employees Work at Fortune Motors?
Fortune Motors has a workforce of 279 employees as of Mar 31, 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 Motors, 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 Motors'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.
