Fortune Multitech Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 2.78 Cr
as on 16-11-2024
- Company Age 14 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 40.55 Cr
as on 16-11-2024
- Satisfied Charges ₹ 91.20 Cr
as on 16-11-2024
- Revenue -15.70%
(FY 2023)
- Profit -39.43%
(FY 2023)
- Ebitda -719.00%
(FY 2023)
- Net Worth 7.02%
(FY 2023)
- Total Assets 1.43%
(FY 2023)
About Fortune Multitech
The Corporate was formerly known as Fortune Grains India Private Limited. The Company is engaged in the Real Estate And Construction 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 6.00 Cr and a paid-up capital of Rs 2.78 Cr.
The company currently has active open charges totaling ₹40.55 Cr. The company has closed loans amounting to ₹91.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ramesh Kumar, Sunny Garg, and Ajay Garg serve as directors at the Company.
- CIN/LLPIN
U15400PB2010PTC033597
- Company No.
033597
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Feb 2010
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Fortune Multitech?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramesh Kumar  | Director | 11-Feb-2010 | Current |
| Sunny Garg | Director | 11-Feb-2010 | Current |
| Ajay Garg | Director | 06-Jun-2017 | Current |
Financial Performance of Fortune Multitech.
Fortune Multitech Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.7% decrease. The company also saw a substantial fall in profitability, with a 39.43% decrease in profit. The company's net worth moved up by a moderate rise of 7.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Fortune Multitech?
In 2023, Fortune Multitech had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Aggarsain Spinners LimitedActive 26 years 3 monthsRamesh Kumar, Sunny Garg and 1 more are mutual person
Rsa Cotspin Private LimitedActive 1 year 10 monthsRamesh Kumar, Sunny Garg and 1 more are mutual person
Charges (Loans)
₹40.55 Cr
₹91.20 Cr
Charges Breakdown by Lending Institutions
- Others : 40.55 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2023 | Others | ₹0.71 M | Open |
| 02 Jun 2022 | Others | ₹1.84 Cr | Open |
| 24 Sep 2020 | Others | ₹3.64 Cr | Open |
| 24 Oct 2017 | Others | ₹35.00 Cr | Open |
| 18 Nov 2019 | Axis Bank Limited | ₹7.47 M | Satisfied |
How Many Employees Work at Fortune Multitech?
Fortune Multitech has a workforce of 3 employees as of Apr 02, 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 Multitech, 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 Multitech'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.
