About Fortune Estate Developers Private Limited
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Fortune Estate Developers Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Divyasree Infrastructure Projects Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45200TN2008PTC069189. Its GSTIN is 33AABCF3027E1ZA (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10.22 Cr and a paid-up capital of ₹2.94 Cr. It is led by directors Balaji Pandurangasetty Ganapa and Sumeet Chawla.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 7 Rajiv Gandhi Salai (Omr) Sholinganallur, Chennai, Tamil Nadu, India – 600119.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.66 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹23.47 Cr (net margin -352.5%) and EBITDA of ₹3.7 Cr (EBITDA margin 55.6%). Revenue has grown at a compounded annual rate (CAGR) of 120% over three years.
As per MCA filings, the company has satisfied charges of ₹350 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website divyasree.com.
Company details
Contact details
Fortune Estate Developers Private Limited's registered office is in Chennai, Tamil Nadu. Its website is divyasree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 7 Rajiv Gandhi Salai (Omr) Sholinganallur, Chennai, Tamil Nadu, India – 600119
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Fortune Estate Developers Private Limited, buy the company report.
- 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
Business activity
The main business activity of Fortune Estate Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Fortune Estate Developers Private Limited, buy the company report.
Financials of Fortune Estate Developers Private Limited
FY 2024 filings availableFortune Estate Developers Private Limited reported revenue of ₹6.66 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 120%. EBITDA rose 15% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.7 Cr | ||||
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| Net Profit (PAT) | -₹23.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 55.6% | ||||
| Net Profit Margin | -352.5% | ||||
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To see the full financial statements and ratios of Fortune Estate Developers Private Limited, buy the company report.
Board of directors of Fortune Estate Developers Private Limited
Fortune Estate Developers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaji Pandurangasetty Ganapa | Director | 08 Jul 2016 | 10 Years 4 Months | Current |
| Sumeet Chawla Also directs: Divyasree R.O.W. Projects LLP, Divyasree Holdings Private Limited, Divyasree Real Estate Developers Private Limited and 5 more | Director | 19 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Fortune Estate Developers Private Limited is audited by MIRANDA MOHAN KUMAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MIRANDA MOHAN KUMAR & CO | FY 2023 | 008147S |
Shareholding
The shareholding of Fortune Estate Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fortune Estate Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2018 | 100186873 | Others | ₹90 Cr | Satisfied | |
| 05 Jun 2018 | 100187312 | Others | ₹60 Cr | Satisfied | |
| 28 Sep 2016 | 100054828 | Others | ₹200 Cr | Satisfied |
To see the full charge records of Fortune Estate Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Fortune Estate Developers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fortune Estate Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fortune Estate Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCF3027E1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fortune Estate Developers Private Limited, buy the company report.
Recent activity
Fortune Estate Developers Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Sumeet Chawla ceased to be Additional Director on 27 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Fortune Estate Developers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 September 2008 (18+ years old) and is registered under CIN U45200TN2008PTC069189.
Fortune Estate Developers has 2 current directors:
- Balaji Pandurangasetty Ganapa - Director
- Sumeet Chawla - Director
The latest financial statements of Fortune Estate Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fortune Estate Developers is 33AABCF3027E1ZA, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Fortune Estate Developers is U45200TN2008PTC069189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Estate Developers was incorporated on 08 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Sumeet Chawla ceased to be Additional Director on 27 Sep 2023. Sumeet Chawla was appointed as Director on 19 Nov 2022. Raj Urvish Shah ceased to be Nominee Director on 18 May 2018. Fortune Estate Developers has 9 board changes on record in total.
Fortune Estate Developers can be reached through the website divyasree.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Fortune Estate Developers is at No 7 Rajiv Gandhi Salai Omr Sholinganallur, Chennai, Tamil Nadu, India – 600119.
Fortune Estate Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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