Fortunate Technologies Private Limited
About Fortunate Technologies Private Limited
Data last updated:
Fortunate Technologies Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 08 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U51909OR2007PTC009116. Its GSTIN is 21AABCF0512A1ZV (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.95 Lakh. It is led by directors including Durga Prasad Mishra (Managing Director) and Bharati Nanda.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. N – 2/105(A) Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.04 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 4.7%) and EBITDA of ₹1.57 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 1% over five years.
As per MCA filings, the company has satisfied charges of ₹60 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. N – 2/105(A) Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
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Business Activity of Fortunate Technologies Private Limited
The main business activity of Fortunate Technologies is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Fortunate Technologies Private Limited FY 2024 filings available
Fortunate Technologies Private Limited reported revenue of ₹24.04 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Fortunate Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 9% growth in the latest year. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Fortunate Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.57 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.13 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Fortunate Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 Fortunate Technologies are in the company report.
Financial statements from 2015
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 Fortunate Technologies Private Limited
Fortunate Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ally Wired Soft Solutions Private Limited | ₹24.25 Cr (FY 2023) | •••• | •••• | 60.0% | •••• | New Delhi, Delhi, India |
| Genius Presentation Private Limited | ₹24.24 Cr (FY 2023) | •••• | •••• | 72.0% | •••• | Faridabad, Haryana, India |
| Prithvi IT Products Private Limited | ₹24.12 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pune, Maharashtra, India |
| Premier IT Retail India Private Limited | ₹24.09 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Bangalore, Karnataka, India |
| Gigabyte Technology (India) Private Limited | ₹24.08 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Fortunate Technologies Private Limited this company | ₹24.04 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Bhubaneswar, Odisha, India |
| Sudarshan Techno Solution Private Limited | ₹23.99 Cr (FY 2025) | •••• | •••• | 115.0% | •••• | Mumbai, Maharashtra, India |
| Premier Measurement Solutions Private Limited | ₹23.98 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Bangalore, Karnataka, India |
| Exact Marketing & Distribution Private Limited | ₹23.92 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ranchi, Jharkhand, India |
| Thottukanni Business Ventures Private Limited | ₹23.91 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Tirur, Kerala, India |
| VSM Enterprises Private Limited | ₹23.77 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Fortunate Technologies by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Fortunate Technologies Private Limited
Fortunate Technologies Private Limited is audited by CHAND & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHAND & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Fortunate Technologies Private Limited
Fortunate Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Durga Prasad Mishra Also directs: Fortunate Overseas Private Limited | Managing Director | 08 Jan 2007 | 19 Years 9 Months | Current |
| Bharati Nanda | Director | 30 Nov 2018 | 7 Years 10 Months | Current |
| Madhusmita Dash | Director | 28 May 2015 | 11 Years 4 Months | Current |
Ownership and Shareholding of Fortunate Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Fortunate Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2017 | Others | ₹60 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Fortunate Technologies Private Limited
Employment history and EPFO contributions of people linked to Fortunate Technologies.
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 Fortunate Technologies Private Limited
Fortunate Technologies Private Limited has 6 board changes on record since 2007: 3 appointments and 3 cessations. The latest: Madhusmita Dash ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Fortunate Technologies 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 Fortunate Technologies 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 Fortunate Technologies 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 Fortunate Technologies Private Limited
Fortunate Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCF0512A1ZV | Odisha | Active | 01 Jul 2017 |
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 Fortunate Technologies 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 Fortunate Technologies Private Limited
Fortunate Technologies is an active private limited company based in Bhubaneswar, Odisha, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 08 January 2007 (19+ years old) and is registered under CIN U51909OR2007PTC009116.
Fortunate Technologies reported revenue of ₹24.04 Cr for FY 2024 (up 9% YoY).
Fortunate Technologies has 3 current directors:
- Durga Prasad Mishra - Managing Director
- Bharati Nanda - Director
- Madhusmita Dash - Director
Fortunate Technologies reported a net profit of ₹1.13 Cr (net margin 4.7%) and EBITDA of ₹1.57 Cr (EBITDA margin 6.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortunate Technologies is 32% over three years and 1% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fortunate Technologies is 21AABCF0512A1ZV, registered in Odisha.
The CIN (Corporate Identification Number) of Fortunate Technologies is U51909OR2007PTC009116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortunate Technologies was incorporated on 08 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Fortunate Technologies by revenue are Ally Wired Soft Solutions Private Limited, Genius Presentation Private Limited, Prithvi IT Products Private Limited, Premier IT Retail India Private Limited, Gigabyte Technology (India) Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Madhusmita Dash ceased to be Additional Director on 29 Sep 2023. Sunil Kumar Pattnaik ceased to be Director on 26 Feb 2020. Bharati Nanda was appointed as Director on 30 Nov 2018. Fortunate Technologies has 6 board changes on record in total.
The registered office of Fortunate Technologies is at Plot No. N – 2105A Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015.