Fortune Tire Tech Profile
Key Indicators
- Authorised Capital ₹ 6.50 Cr
- Paid Up Capital ₹ 6.14 Cr
- Company Age 14 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 11.04 Cr
- Satisfied Charges ₹ 8.70 Cr
- Revenue Growth 13.55%
- Profit Growth -356.22%
- Ebitda -26.02%
- Net Worth -9.53%
- Total Assets -0.77%
About Fortune Tire Tech
Fortune Tire Tech Limited (FTTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 February 2011 and has a history of 14 years and one month. Its registered office is in Nalgonda, Telangana, India.
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.
Company Details
- Location
Nalgonda, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Automotive
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
- Ratios
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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)
Fortune Tire Retreads LlpVijayapalreddy Kondapally is a mutual person
Charges (Loans)
Open Charges
₹11.04 Cr
Satisfied Charges
₹8.70 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 11.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jan 2021 | Yes Bank Limited | ₹3.00 Cr | Open |
| 22 Nov 2019 | Yes Bank Limited | ₹8.04 Cr | Open |
| 26 May 2012 | State Bank Of India | ₹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.
Latest Updates, News, and FAQs on Fortune Tire Tech
Recent activity within the organization
- Annual General Meeting
Fortune Tire Tech Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Fortune Tire Tech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Yes Bank Limited of Rs. 3.00 Cr registered on 04 Jan 2021 with Charge ID 100416324 was modified on 10 Jan 2022.
- Charges
A charge with Yes Bank Limited of Rs. 8.04 Cr registered on 22 Nov 2019 with Charge ID 100304717 was modified on 07 Jan 2022.
- Charges
A charge with Yes Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100416324 was registered on 04 Jan 2021.
- Charges
A charge registered on 26 May 2012 via Charge ID 10360384 with State Bank Of India was fully satisfied on 29 Dec 2020.
Frequently asked questions
What is the Incorporation or founding date of Fortune Tire Tech Limited?
Fortune Tire Tech Limited was incorporated on 23 Feb 2011.
What is authorized share capital and paid-up capital of Fortune Tire Tech Limited?
The authorized share capital of Fortune Tire Tech Limited is ₹ 6.50 Cr and paid-up capital is ₹ 6.14 Cr.
Who are the current board members & directors of Fortune Tire Tech Limited?
Currently 4 directors are associated with Fortune Tire Tech Limited.
- Vijayapalreddy Kondapally
- Ravinder Reddy Kondapally
- Chaithanya Kondapally
- Sabitha Kondapally
What is the registered address of Fortune Tire Tech Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Fortune Tire Tech Limited is Survey No: 83/E Toopranpet Village Mandal, Bhongiri Yadadri India, Choutuppal, Telangana, 508252.
What is the corporate identification number (CIN) and company number of Fortune Tire Tech Limited?
The corporate identification number (CIN) of Fortune Tire Tech Limited is U25119TG2011PLC072836 and the company number is 072836 as per Ministry of Corporate Affairs (MCA).
What is the official website of Fortune Tire Tech Limited?
The Official website of Fortune Tire Tech Limited is https://www.fortunetiretech.com
What has been the recent revenue trend for Fortune Tire Tech Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Fortune Tire Tech Limited has risen by 13.55%.
How many employees does Fortune Tire Tech Limited currently have?
As Per 2022 financial reports, 19 employees are currently employed by Fortune Tire Tech Limited.
What change has been observed in the net worth of Fortune Tire Tech Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Fortune Tire Tech Limited has experienced an downturn of -9.53%.
What are the total open charges for Fortune Tire Tech Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Fortune Tire Tech Limited amount to ₹ 11.04 Cr.
When was the last Balance Sheet of Fortune Tire Tech Limited filed with the ROC?
The most recent Balance Sheet for Fortune Tire Tech Limited was filed with the ROC on 31 Mar 2024.
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