Fortune Global Trade Private Limited
About Fortune Global Trade Private Limited
Data last updated:
Fortune Global Trade Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 01 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC258514. Its GSTIN is 27AACCF4568P1ZZ (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Sachin Vithal Salekar and Harshil Vinod Shah.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹81.59 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹8.12 Lakh (net margin -0.1%) and EBITDA of ₹33.36 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹4.4 Cr and satisfied charges of ₹1.65 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Fortune Global Trade Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA321 Master Mind 4, Royal Palms Goregaon (E), Mumbai, Maharashtra, India – 400065
- IndustryManufacturing, Rubber-Based Products, Plastic-Based Products
To see the full contact details of Fortune Global Trade 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 Global Trade is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Fortune Global Trade Private Limited, buy the company report.
Financials of Fortune Global Trade Private Limited
FY 2022 filings availableFortune Global Trade Private Limited reported revenue of ₹81.59 Cr (up 36% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 36% growth in the latest year. EBITDA fell 58% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹33.36 Lakh | ||||
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| Net Profit (PAT) | -₹8.12 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | -0.1% | ||||
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To see the full financial statements and ratios of Fortune Global Trade Private Limited, buy the company report.
Board of directors of Fortune Global Trade Private Limited
Fortune Global Trade has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Vithal Salekar | Director | 16 Mar 2021 | 5 Years 7 Months | Current |
| Harshil Vinod Shah | Director | 01 Oct 2014 | 12 Years 1 Months | Current |
Auditor
Fortune Global Trade Private Limited is audited by V N R Varma Associates for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V N R Varma Associates | FY 2021 |
Shareholding
The shareholding of Fortune Global Trade Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fortune Global Trade Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2019 | 100290243 | Others | ₹4.4 Cr | Open | |
| 01 Oct 2016 | 100059980 | Others | ₹1.65 Cr | Satisfied |
To see the full charge records of Fortune Global Trade Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Fortune Global Trade Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Aastha Chemsol India Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Deutsche Bank Ag | Pending |
To see the full case history of Fortune Global Trade Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fortune Global Trade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fortune Global Trade has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF4568P1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fortune Global Trade Private Limited, buy the company report.
Recent activity
Fortune Global Trade Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Sachin Vithal Salekar ceased to be Additional Director on 30 Nov 2021.
1 earlier event is in the company report.
Frequently asked questions
Fortune Global Trade is an active private limited company based in Mumbai, Maharashtra, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 01 October 2014 (12+ years old) and is registered under CIN U74999MH2014PTC258514.
Fortune Global Trade has 2 current directors:
- Sachin Vithal Salekar - Director
- Harshil Vinod Shah - Director
The latest financial statements of Fortune Global Trade on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Fortune Global Trade is 27AACCF4568P1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fortune Global Trade is U74999MH2014PTC258514. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Global Trade has 3 court cases on record: 3 filed against it. 2 are pending.
Fortune Global Trade was incorporated on 01 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Sachin Vithal Salekar ceased to be Additional Director on 30 Nov 2021. Mehul Amrutlal Dedhia ceased to be Additional Director on 16 Mar 2021. Sachin Vithal Salekar was appointed as Director on 16 Mar 2021. Fortune Global Trade has 6 board changes on record in total.
The registered office of Fortune Global Trade is at A321 Master Mind 4, Royal Palms Goregaon E, Mumbai, Maharashtra, India – 400065.
Fortune Global Trade operates in the manufacturing industry, in the rubber-based products segment.
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