About Fortune Metaliks Limited
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Fortune Metaliks Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27100PB2008PLC032063. Its GSTIN is 22AABCF3202D2ZL (Chattisgarh). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹4.38 Cr and a paid-up capital of ₹4.38 Cr. It is led by directors including Saurabh Bansal and Bhagwan Dass Bansal.
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 Ferozepur Road Opp. Circut House, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,307.89 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹11.74 Cr (net margin 0.9%) and EBITDA of ₹43.92 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 16% over five years.
The company has about 184 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹513.38 Cr and satisfied charges of ₹677.35 Cr on record. Court records list 36 cases involving the company, including 25 filed by the company and 11 filed against it; 3 cases are pending. The company has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹51.51 Cr; the latest was in March 2022. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 4 smaller; the largest is JSW Jfe Electrical Steel Nashik Private Limited with revenue of ₹1,325.91 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortunegroup.org.in.
Company details
Contact details
Fortune Metaliks Limited's registered office is in Ludhiana, Punjab. Its website is fortunegroup.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFerozepur Road Opp. Circut House, Ludhiana, Punjab, India – 141001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Fortune Metaliks 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 Metaliks is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Fortune Metaliks Limited, buy the company report.
Financials of Fortune Metaliks Limited
FY 2024 filings availableFortune Metaliks Limited reported revenue of ₹1,307.89 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 3% growth in the latest year. EBITDA fell 21% 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 | ₹43.92 Cr | ||||
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| Net Profit (PAT) | ₹11.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Fortune Metaliks Limited, buy the company report.
Board of directors of Fortune Metaliks Limited
Fortune Metaliks has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Bansal Also directs: Fortune Green Steel Limited, Fortune Metals Limited, Fortune Steel and Wire Limited and 2 more | Director | 15 Jul 2009 | 17 Years 3 Months | Current |
| Rajeshkumar Tejpal Gaur | Additional Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Bhagwan Dass Bansal Also directs: Fortune Green Steel Limited, Fortune Special Steel Private Limited, Fortune Metals Limited and 3 more | Director | 01 Jul 2008 | 18 Years 4 Months | Current |
| Deep Bansal Also directs: Fortune Green Steel Limited, Fortune Special Steel Private Limited, Fortune Metals Limited and 4 more | Director | 01 Jul 2008 | 18 Years 4 Months | Current |
Peer comparison
Fortune Metaliks Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSW Jfe Electrical Steel Nashik Private Limited | ₹1,325.91 Cr (FY 2025) | 1.0% | Nashik, Maharashtra, India | |||
| Aarti Steel International Limited | ₹1,311.82 Cr (FY 2025) | -3.0% | Ludhiana, Punjab, India | |||
| SKS Ispat and Power Limited | ₹1,308.02 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Fortune Metaliks Limitedthis company | ₹1,307.89 Cr (FY 2024) | ₹11.74 Cr | 0.9% | 3.0% | 184 | Ludhiana, Punjab, India |
| BDG Metal & Power Limited | ₹1,300.06 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| Asian Tubes Private Limited | ₹1,299.67 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Raipur Power and Steel Limited | ₹1,288.8 Cr (FY 2024) | 18.0% | Mohali, Punjab, India | |||
| Rajuri Steels & TMT Bars Private Limited | ₹1,283.33 Cr (FY 2025) | 11.0% | Jalna, Maharashtra, India |
To see the full peer comparison of Fortune Metaliks Limited, buy the company report.
Auditor
Fortune Metaliks Limited is audited by Anil K Sareen & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anil K Sareen & Co. | FY 2021 | 019371N |
Shareholding
The shareholding of Fortune Metaliks 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fortune Metaliks Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2025 | 101190160 | Others | ₹35 Cr | Open | |
| 01 Sep 2025 | 101155964 | Others | ₹17.35 Cr | Open | |
| 20 Jan 2025 | 101032354 | Sbicap Trustee Company Limited | ₹224.75 Cr | Open | |
| 13 May 2024 | 100940690 | Axis Bank Limited | ₹1.3 Cr | Open | |
| 19 Sep 2023 | 100781227 | Others | ₹41.59 Cr | Open |
To see the full charge records of Fortune Metaliks Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Fortune Metaliks Limited has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹51.51 Cr; the latest was in March 2022.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: B D Bansal Huf, 3 individuals Seller: Fantastic Commercial Private Limited , Shweta Agro Farms Pvt Ltd , 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Fortune Re-Rollers Private Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Global Transmission Private Limited Seller: Shivangan Tie-Up Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Global Transmission Private Limited Seller: Balram Alloys Private Limited , A. N. Trading Private Limited |
| Feb 2016 | Funding round | ₹8.91 Cr | Investors: Johnson Pharmacare Limited , Interface Financial Services Ltd , Advaith Investments Limited |
To see the full deal history of Fortune Metaliks Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fortune Metaliks Limited has 36 court cases on record: 25 filed by Fortune Metaliks, 11 filed against it. 3 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 6 | 2 |
| High courts | 14 | 5 | 1 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raipur, Chhattisgarh | Civil suit | Filed against the company by M/S Agrawal Structure Mills Pvt.Ltd. | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against National Highways and Infrastructure Development Corporation Ltd. | Disposed |
| District court, Ludhiana, Punjab | Bail application | Filed by the company against Maharasthra Power Transmission Structures Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against SSB Structural and Galvanising Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed by the company against Sunil Hitech Engineers Ltd Cin L28920mh1998plc115155 | Disposed |
To see the full case history of Fortune Metaliks 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.
Credit ratings & regulatory alerts
Fortune Metaliks Limited was last rated by Brickwork on 02 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 02 May 2022 |
To see the full credit ratings and regulatory alerts of Fortune Metaliks Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fortune Metaliks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fortune Metaliks Limited has a workforce of 184 employees on its EPFO records as of Nov 19, 2024, across 1 active EPFO establishment.
GST
Fortune Metaliks has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AABCF3202D2ZL | Chattisgarh | Active | 01 Jul 2017 |
| 22AABCF3202D1DV | Chattisgarh | Active | 08 Nov 2024 |
To see the full GST registrations and return filing status of Fortune Metaliks Limited, buy the company report.
Recent activity
Fortune Metaliks Limited has 12 board changes on record since 2008: 4 appointments and 8 cessations. The latest: Rajeshkumar Tejpal Gaur was appointed as Additional Director on 01 Nov 2023.
47 earlier events are in the company report.
Frequently asked questions
Fortune Metaliks is an active public limited company based in Ludhiana, Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 July 2008 (18+ years old) and is registered under CIN U27100PB2008PLC032063.
Fortune Metaliks has 4 current directors:
- Saurabh Bansal - Director
- Rajeshkumar Tejpal Gaur - Additional Director
- Bhagwan Dass Bansal - Director
- Deep Bansal - Director
The latest financial statements of Fortune Metaliks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Fortune Metaliks is 22AABCF3202D2ZL, registered in Chattisgarh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 22AABCF3202D1DV (Chattisgarh).
The CIN (Corporate Identification Number) of Fortune Metaliks is U27100PB2008PLC032063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Metaliks has 36 court cases on record: 25 filed by the company and 11 filed against it. 3 are pending. Most are in the district courts.
Fortune Metaliks was incorporated on 01 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
Fortune Metaliks has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹51.51 Cr; the latest was in March 2022.
The peers of Fortune Metaliks by revenue are JSW Jfe Electrical Steel Nashik Private Limited, Aarti Steel International Limited, SKS Ispat and Power Limited, BDG Metal & Power Limited, Asian Tubes Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Rajeshkumar Tejpal Gaur was appointed as Additional Director on 01 Nov 2023. Vikram Tamboli ceased to be Additional Director on 01 May 2023. Raghu Nandan Singla ceased to be Whole-Time Director on 01 Nov 2022. Fortune Metaliks has 12 board changes on record in total.
Fortune Metaliks can be reached through the website fortunegroup.org.in. Its registered office is in Ludhiana, Punjab, India.
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