About Fortune Management Advisors Limited
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Fortune Management Advisors Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Investment Trust Of India Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 27 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2012PLC234979.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Iti Aif Manager Limited and Fortune Integrated Home Finance Limited. It is led by directors including Surendra Kalyanji Rambhia and Chintan Vijay Valia.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.39 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.94 Lakh (net margin 67%) and EBITDA of ₹3.13 Lakh (EBITDA margin 71.3%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortune.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressIti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012
- IndustryFinancial Services, Diversified Financial Services
- 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 Fortune Management Advisors Limited
The main business activity of Fortune Management Advisors is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | 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 Fortune Management Advisors Limited FY 2025 filings available
Fortune Management Advisors Limited reported revenue of ₹4.39 Lakh (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Fortune Management Advisors Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 2% fall in the latest year. EBITDA rose 134% 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 Fortune Management Advisors Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.13 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.94 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 Fortune Management Advisors Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 67% | •••• | •••• | •••• | •••• |
| 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 Fortune Management Advisors 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 Fortune Management Advisors Limited
Fortune Management Advisors Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vijaylaxmi Exports Private Limited | ₹4.4 Lakh (FY 2024) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Finsso Fintech and Advisors Private Limited | ₹4.4 Lakh (FY 2023) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| TSM Polymers Private Limited | ₹4.39 Lakh (FY 2025) | •••• | •••• | -86.0% | •••• | New Delhi, Delhi, India |
| Beanstalk Advisory Services Private Limited | ₹4.39 Lakh (FY 2017) | •••• | •••• | 96.0% | •••• | Mumbai, Maharashtra, India |
| All Worth Professionals Private Limited | ₹4.39 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| Fortune Management Advisors Limited this company | ₹4.39 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Sovereign Advisors Private Limited | ₹4.39 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | Mumbai, Maharashtra, India |
| Adjuncture Consulting Services (OPC) Private Limited | ₹4.39 Lakh (FY 2019) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Prakfen Business Advisors Private Limited | ₹4.39 Lakh (FY 2024) | •••• | •••• | 98330.0% | •••• | Mumbai, Maharashtra, India |
| Star Fing Private Limited | ₹4.39 Lakh (FY 2025) | •••• | •••• | 66.0% | •••• | Bangalore, Karnataka, India |
| Bluealpha Enterprises Private Limited | ₹4.39 Lakh (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Fortune Management Advisors by revenue in the Outsourcing industry (Consulting Services, Other Financial Services), 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 Fortune Management Advisors Limited
Fortune Management Advisors Limited is audited by Ramesh M Sheth & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ramesh M Sheth & Associates | 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 Fortune Management Advisors Limited
Fortune Management Advisors has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Kalyanji Rambhia Also directs: Atlanta Forms Private Limited, Antique Stock Broking Limited, Iti Securities Broking Limited and 1 more | Director | 21 Dec 2021 | 4 Years 9 Months | Current |
| Chintan Vijay Valia Also directs: Ventana Power Generation LLP, Iti Growth Opportunities LLP, Debonair Buildwell LLP and 5 more | Director | 25 Mar 2013 | 13 Years 6 Months | Current |
| Usha Anil Kadam | Director | 12 Aug 2016 | 10 Years 2 Months | Current |
Ownership and Shareholding of Fortune Management Advisors 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 Fortune Management Advisors Limited
Fortune Management Advisors Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Fortune Management Advisors Limited
Employment history and EPFO contributions of people linked to Fortune Management Advisors.
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.
Name History of Fortune Management Advisors Limited
Fortune Management Advisors has undergone 6 name changes throughout its history. The current legal name is Fortune Management Advisors Limited.
| Company Name | Status |
|---|---|
| Fortune Management Advisors Limited | Current |
| Iti Aif Manager Limited | Previous |
| Fortune Integrated Home Finance Limited | Previous |
| Iti Capital Advisors Limited | Previous |
| Iti Milestone Capital Advisors Limited | Previous |
| Iti Aif Limited | Previous |
| Iti-Ms Capital Advisors Limited | Previous |
CIN History of Fortune Management Advisors Limited
Fortune Management Advisors has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110MH2012PLC234979, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2012PLC234979 | Current |
| U65923MH2012PLC234979 | Previous |
| U67100MH2012PLC234979 | Previous |
News related to Fortune Management Advisors Limited
Recent Activity on Fortune Management Advisors Limited
Fortune Management Advisors Limited has 19 board changes on record since 2012: 3 appointments and 16 cessations. The latest: Surendra Kalyanji Rambhia ceased to be Additional Director on 28 Sep 2022.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Fortune Management Advisors 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 Fortune Management Advisors 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 Fortune Management Advisors 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 Fortune Management Advisors 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 Fortune Management Advisors 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 Fortune Management Advisors Limited
Fortune Management Advisors is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 27 August 2012 (14+ years old) and is registered under CIN U74110MH2012PLC234979.
Fortune Management Advisors reported revenue of ₹4.39 Lakh for FY 2025 (down 2% YoY).
Fortune Management Advisors has 3 current directors:
- Surendra Kalyanji Rambhia - Director
- Chintan Vijay Valia - Director
- Usha Anil Kadam - Director
Fortune Management Advisors reported a net profit of ₹2.94 Lakh (net margin 67%) and EBITDA of ₹3.13 Lakh (EBITDA margin 71.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortune Management Advisors is -71% over three years and -37% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Fortune Management Advisors is U74110MH2012PLC234979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Management Advisors was incorporated on 27 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Fortune Management Advisors by revenue are Vijaylaxmi Exports Private Limited, Finsso Fintech and Advisors Private Limited, TSM Polymers Private Limited, Beanstalk Advisory Services Private Limited, All Worth Professionals Private Limited and 5 more, all in the Outsourcing industry (Consulting Services, Other Financial Services).
Surendra Kalyanji Rambhia ceased to be Additional Director on 28 Sep 2022. Surendra Kalyanji Rambhia was appointed as Director on 21 Dec 2021. Shaily Kishor Maheshwari ceased to be Director on 24 Nov 2021. Fortune Management Advisors has 19 board changes on record in total.
Fortune Management Advisors can be reached through the website fortune.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Fortune Management Advisors is at Iti House 36 Dr. R. K. Shirodkar Marg Parel, Mumbai, Maharashtra, India – 400012.