Fortune Multitech Private Limited

Real estate development company with ongoing projects in Zirakpur and registered office in Ludhiana.

2010 | Ludhiana, Punjab (India) | Active
Last Updated:

Fortune Multitech Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 2.78 Cr
  • Company Age 15 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 40.55 Cr
  • Satisfied Charges ₹ 91.20 Cr
  • Revenue Growth -15.70%
  • Profit Growth -39.43%
  • Ebitda -719.00%
  • Net Worth 7.02%
  • Total Assets 1.43%

About Fortune Multitech

Fortune Multitech Private Limited (FMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 February 2010 and has a history of 15 years and one month. Its registered office is in Ludhiana, Punjab, India.

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.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • 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

Real Estate and Construction

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

Board Members (3)

NameDesignationAppointment DateStatus
Ramesh Kumar Country flag representing In Director 11-Feb-2010Current
Sunny Garg Country flag representing In Director 11-Feb-2010Current
Ajay Garg Country flag representing In Director 06-Jun-2017Current

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%.

Fortune Multitech revenue growth over time
Fortune Multitech 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
-15.70%
Revenue from Operations
-17.25%
Total Assets
1.43%
Profit or Loss
-39.43%
Net Worth
7.02%
EBITDA
-719.00%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹40.55 Cr

Satisfied Charges

₹91.20 Cr

Charges Breakdown by Lending Institutions

  • Others : 40.55 Cr

Latest Charge Details

DateLenderAmountStatus
15 Jun 2023Others₹0.71 MOpen
02 Jun 2022Others₹1.84 CrOpen
24 Sep 2020Others₹3.64 CrOpen
24 Oct 2017Others₹35.00 CrOpen
18 Nov 2019Axis Bank Limited₹7.47 MSatisfied

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.

Employee growth trends for Fortune Multitech Private Limited

Deals i

Graph showing company valuation over time

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

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 Multitech

Recent activity within the organization

  • Charges

    A charge registered on 16 Nov 2019 via Charge ID 100306679 with Axis Bank Limited was fully satisfied on 11 Oct 2024.

  • Annual General Meeting

    Fortune Multitech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Fortune Multitech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100775975 was registered on 15 Jun 2023.

  • Charges

    A charge with Others amounted to Rs. 1.84 Cr with Charge ID 100586122 was registered on 02 Jun 2022.

  • Charges

    A charge registered on 18 Nov 2019 via Charge ID 100306677 with Axis Bank Limited was fully satisfied on 08 Jun 2021.

Frequently asked questions

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

    Fortune Multitech Private Limited was incorporated on 11 Feb 2010.

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

    The authorized share capital of Fortune Multitech Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 2.78 Cr.

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

    Currently 3 directors are associated with Fortune Multitech Private Limited.

    • Ramesh Kumar
    • Sunny Garg
    • Ajay Garg

  • What is the registered address of Fortune Multitech Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fortune Multitech Private Limited is 257A Raj Guru Nagar India, Ludhiana, Punjab, 141004.

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

    The corporate identification number (CIN) of Fortune Multitech Private Limited is U15400PB2010PTC033597 and the company number is 033597 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fortune Multitech Private Limited?

    The Official website of Fortune Multitech Private Limited is https://www.fortunemultitech.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Fortune Multitech Private Limited has fallen by -15.70%.

  • How many employees does Fortune Multitech Private Limited currently have?

    As Per 2023 financial reports, 3 employees are currently employed by Fortune Multitech Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Fortune Multitech Private Limited has experienced an upsurge of 7.02%.

  • What are the total open charges for Fortune Multitech Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Fortune Multitech Private Limited amount to ₹ 40.55 Cr.

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

    The most recent Balance Sheet for Fortune Multitech Private Limited was filed with the ROC on 31 Mar 2024.

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