Fortitude Developers Private Limited
About Fortitude Developers Private Limited
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Fortitude Developers Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 February 2022.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45309PN2022PTC208928.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Jitendra Sureshkumar Mehta and Hemendra Dahyabhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Cts No 796/A1 F.P.No.180/A2 Kelkar Road, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2025, the company reported a revenue of ₹77.34 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net profit of ₹40.76 Lakh (net margin 52.7%) and EBITDA of ₹54.71 Lakh (EBITDA margin 70.7%).
As per MCA filings, the company has satisfied charges of ₹175 Cr on record.
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- Registered AddressCts No 796/A1 F.P.No.180/A2 Kelkar Road, Pune, Maharashtra, India – 411004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Fortitude Developers Private Limited
The main business activity of Fortitude Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Fortitude Developers Private Limited FY 2025 filings available
Fortitude Developers Private Limited reported revenue of ₹77.34 Lakh (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Fortitude Developers Private Limited
Revenue fell 88% in the latest year. EBITDA fell 91% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Fortitude Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹54.71 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.76 Lakh | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Fortitude Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 70.7% | •••• | •••• | •••• |
| Net Profit Margin | 52.7% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Fortitude Developers are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Fortitude Developers Private Limited
Fortitude Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Navkar Infratech Private Limited | ₹77.38 Lakh (FY 2025) | •••• | •••• | -58.0% | •••• | Bhilwara, Rajasthan, India |
| Fair Vyapaar Private Limited | ₹77.38 Lakh (FY 2022) | •••• | •••• | 245.0% | •••• | Kolkata, West Bengal, India |
| Kartiki Infrastructure & Developers Private Limited | ₹77.36 Lakh (FY 2020) | •••• | •••• | •••• | Pandharpur, Maharashtra, India | |
| Chitransh Infradevelopers Private Limited | ₹77.36 Lakh (FY 2020) | •••• | •••• | -43.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| S G Alloys Private Ltd. | ₹77.34 Lakh (FY 2023) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Fortitude Developers Private Limited this company | ₹77.34 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Pune, Maharashtra, India |
| Reliance Buildwell Private Limited | ₹77.33 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Uditi Dwellings Private Limited | ₹77.32 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Accentuate Tradecom Private Limited | ₹77.32 Lakh (FY 2025) | •••• | •••• | 44.0% | •••• | Kolkata, West Bengal, India |
| Riddhi Siddhi Consultancy Private Limited | ₹77.3 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | Indore, Madhya Pradesh, India |
| Adidev Farmhouse & Developers Private Limited | ₹77.29 Lakh (FY 2023) | •••• | •••• | -1.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Fortitude Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Fortitude Developers Private Limited
Fortitude Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Sureshkumar Mehta Also directs: Kunal Sancheti Associates LLP, Kunal Spaces Private Limited, Kunal Shelters Private Limited and 5 more | Director | 25 Feb 2022 | 4 Years 7 Months | Current |
| Hemendra Dahyabhai Shah Also directs: Fortitude Housing LLP, Kunal Sancheti Associates LLP, Kunal Spaces Private Limited and 3 more | Director | 25 Feb 2022 | 4 Years 7 Months | Current |
| Ronak Ramesh Shah Also directs: Cartier Housing LLP, Cartier Spaces LLP, Cartier Developers Private Limited and 1 more | Director | 28 Apr 2022 | 4 Years 5 Months | Current |
Charges & Borrowings of Fortitude Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Oct 2022 | Others | ₹175 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Fortitude Developers Private Limited
Employment history and EPFO contributions of people linked to Fortitude Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Fortitude Developers Private Limited
Fortitude Developers Private Limited has 7 board changes on record since 2022: 3 appointments and 4 cessations. The latest: Kanhaiyalal Hotchand Matani ceased to be Director on 27 Feb 2024.
Credit Ratings, Litigation & Regulatory Alerts for Fortitude Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Fortitude Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Fortitude Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Fortitude Developers Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Fortitude Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fortitude Developers Private Limited
Fortitude Developers is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 February 2022 (4+ years old) and is registered under CIN U45309PN2022PTC208928.
Fortitude Developers reported revenue of ₹77.34 Lakh for FY 2025 (down 88% YoY).
Fortitude Developers has 3 current directors:
- Jitendra Sureshkumar Mehta - Director
- Hemendra Dahyabhai Shah - Director
- Ronak Ramesh Shah - Director
Fortitude Developers reported a net profit of ₹40.76 Lakh (net margin 52.7%) and EBITDA of ₹54.71 Lakh (EBITDA margin 70.7%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Fortitude Developers is U45309PN2022PTC208928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortitude Developers was incorporated on 25 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Fortitude Developers by revenue are Navkar Infratech Private Limited, Fair Vyapaar Private Limited, Kartiki Infrastructure & Developers Private Limited, Chitransh Infradevelopers Private Limited, S G Alloys Private Ltd. and 5 more, all in the Real Estate industry (Builders and Developers).
Kanhaiyalal Hotchand Matani ceased to be Director on 27 Feb 2024. Shashi Kanayalal Matani ceased to be Director on 27 Feb 2024. Ronak Ramesh Shah ceased to be Additional Director on 30 Dec 2023. Fortitude Developers has 7 board changes on record in total.
The registered office of Fortitude Developers is at Cts No 796A1 F.P.No.180A2 Kelkar Road, Pune, Maharashtra, India – 411004.
Fortitude Developers has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh.
Fortitude Developers operates in the real estate and construction industry, in the real estate builders and developers segment.