Fortune Paints Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 15.72 Cr
- Company Age 16 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 58.55 Cr
- Satisfied Charges ₹ 4.00 Cr
- Revenue Growth 40.66%
- Profit Growth 41.27%
- Ebitda 75.02%
- Net Worth 37.97%
- Total Assets 106.36%
About Fortune Paints
Fortune Paints Private Limited (FPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 April 2008 and has a history of 16 years and ten months. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Fortune Paint Products (India) Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 15.72 Cr.
The company currently has active open charges totaling ₹58.55 Cr. The company has closed loans amounting to ₹4.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Srinivasa Akuri, Venkata Chilla, Akuri Sandhya, and One other member serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U24220TG2008PTC058787
- Company No.
058787
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Apr 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Manufacturing
Who are the key members and board of directors at Fortune Paints?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivasa Akuri  | Managing Director | 23-Apr-2008 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Venkata Chilla | Director | 27-Aug-2024 | Current |
| Akuri Sandhya | Director | 23-Apr-2008 | Current |
| Anil Kondoth | Director | 27-Aug-2024 | Current |
Financial Performance of Fortune Paints.
Fortune Paints Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 40.66% increase. The company also saw a substantial improvement in profitability, with a 41.27% increase in profit. The company's net worth Soared by an impressive increase of 37.97%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Fortune Paints?
In 2023, Fortune Paints had a promoter holding of 70.00% and a public holding of 30.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Couth Infotech Private LimitedVenkata Chilla is a mutual person
Masterbond Construction Chemicals Private LimitedSrinivasa Akuri and Akuri Sandhya are mutual person
- Richwaves Specialities Private Limited
Srinivasa Akuri and Akuri Sandhya are mutual person
- Akuri Properties And Holdings Private Limited
Srinivasa Akuri and Akuri Sandhya are mutual person
Charges (Loans)
Open Charges
₹58.55 Cr
Satisfied Charges
₹4.00 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 41.57 Cr
- Others : 16.98 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2024 | Others | ₹1.50 M | Open |
| 20 Aug 2024 | Others | ₹1.50 M | Open |
| 15 May 2023 | Others | ₹1.50 M | Open |
| 15 May 2023 | Others | ₹1.50 M | Open |
| 07 Dec 2022 | Hdfc Bank Limited | ₹41.57 Cr | Open |
How Many Employees Work at Fortune Paints?
Fortune Paints has a workforce of 24 employees as of Apr 05, 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 Paints, 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 Paints'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.