Fortune Tire Tech Profile
Key Indicators
- Authorised Capital ₹ 6.50 Cr
as on 29-12-2024
- Paid Up Capital ₹ 6.14 Cr
as on 29-12-2024
- Company Age 13 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 11.04 Cr
as on 29-12-2024
- Satisfied Charges ₹ 8.70 Cr
as on 29-12-2024
- Revenue 13.55%
(FY 2022)
- Profit -356.22%
(FY 2022)
- Ebitda -26.02%
(FY 2022)
- Net Worth -9.53%
(FY 2022)
- Total Assets -0.77%
(FY 2022)
About Fortune Tire Tech
The Corporate was formerly known as Fortune Tire Tech Private Limited. 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 6.50 Cr and a paid-up capital of Rs 6.14 Cr.
The company currently has active open charges totaling ₹11.04 Cr. The company has closed loans amounting to ₹8.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vijayapalreddy Kondapally, Ravinder Kondapally, Chaithanya Kondapally, and One other member serve as directors at the Company.
- CIN/LLPIN
U25119TG2011PLC072836
- Company No.
072836
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Feb 2011
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Nalgonda, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Fortune Tire Tech Limited offer?
Fortune Tire Tech Limited offers a wide range of products and services, including Tyre, Tube & Flaps, Tyre Tube, Two Wheeler Tyres, Commercial Vehicle Tyres, Apollo Tyres, Truck Tyre Tube, Truck Tyres, Retread Truck Tyre.
Who are the key members and board of directors at Fortune Tire Tech?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijayapalreddy Kondapally  | Managing Director | 23-Feb-2011 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravinder Kondapally | Director | 30-Apr-2020 | Current |
| Chaithanya Kondapally | Director | 30-Apr-2020 | Current |
| Sabitha Kondapally | Director | 30-Apr-2020 | Current |
Financial Performance of Fortune Tire Tech.
Fortune Tire Tech Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 13.55% increase. The company also saw a substantial fall in profitability, with a 356.22% decrease in profit. The company's net worth dipped by a decrease of 9.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Fortune Tire Tech?
In 2022, Fortune Tire Tech 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)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Yes Bank Limited Creation Date: 04 Jan 2021 | ₹3.00 Cr | Open |
Yes Bank Limited Creation Date: 22 Nov 2019 | ₹8.04 Cr | Open |
State Bank Of India Creation Date: 26 May 2012 | ₹8.70 Cr | Satisfied |
How Many Employees Work at Fortune Tire Tech?
Fortune Tire Tech has a workforce of 19 employees as of Apr 01, 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 Tire Tech, 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 Tire Tech'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.
