About Fortune Multitech Private Limited
Data last updated:
Fortune Multitech Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15400PB2010PTC033597. Its GSTIN is 03AABCF5370J1ZS (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.78 Cr. It was formerly known as Fortune Grains India Private Limited. It is led by directors including Ramesh Kumar and Sunny Garg.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 257A Raj Guru Nagar, Ludhiana, Punjab, India – 141004.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.93 Cr. For the same year it recorded a net profit of ₹29.08 Lakh (net margin 1.6%) and EBITDA of ₹2.52 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fortune MultiTech. As per MCA filings, the company has open charges of ₹41.76 Cr and satisfied charges of ₹91.2 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortunemultitech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address257A Raj Guru Nagar, Ludhiana, Punjab, India – 141004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Multitech Private Limited
The main business activity of Fortune Multitech is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Multitech Private Limited FY 2025 filings available
Fortune Multitech Private Limited reported revenue of ₹17.93 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Fortune Multitech Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA rose 231% 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 Multitech 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 | ₹2.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹29.08 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 Multitech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Multitech 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 Multitech Private Limited
Fortune Multitech Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Olive Builders and Developers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Joyalukkas Lifestyle Developers Private Limited | •••• | •••• | •••• | •••• | - | Vazhakkala, Kerala, India |
| Asb Energy Systems and Construction Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Russel Foundations Private Limited | •••• | •••• | •••• | •••• | 65 | Chennai, Tamil Nadu, India |
| Riu Homes Private Limited | •••• | •••• | •••• | •••• | - | Panvel, Maharashtra, India |
| Fortune Multitech Private Limited this company | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| Sand Dune Constructions Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Sri Gayatri Housing Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Acestar Properties Private Limited | •••• | •••• | •••• | •••• | 60 | Chennai, Tamil Nadu, India |
| Shree Vaishno Homes Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Tgi Developers Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Fortune Multitech by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Fortune Multitech Private Limited
Fortune Multitech Private Limited is audited by ARVIND GOEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARVIND GOEL & 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 Multitech Private Limited
Fortune Multitech 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 |
|---|---|---|---|---|
| Ramesh Kumar Also directs: Corestone Industrial Real Estates LLP, Aggarsain Spinners Limited, Rainbow Denim Limited and 3 more | Director | 11 Feb 2010 | 16 Years 7 Months | Current |
| Sunny Garg Also directs: Aggarsain Spinners Limited, Rainbow Denim Limited, Rsa Cotspin Private Limited and 1 more | Director | 11 Feb 2010 | 16 Years 7 Months | Current |
| Ajay Garg Also directs: Aggarsain Spinners Limited, Rainbow Denim Limited, Rsa Cotspin Private Limited and 1 more | Director | 06 Jun 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Fortune Multitech 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 Fortune Multitech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Nov 2024 | Axis Bank Limited | ₹75 Lakh | Open |
| 25 Nov 2024 | Axis Bank Limited | ₹45.9 Lakh | Open |
| 15 Jun 2023 | Others | ₹7.14 Lakh | Open |
| 02 Jun 2022 | Others | ₹1.84 Cr | Open |
| 24 Sep 2020 | Others | ₹3.64 Cr | Open |
Total charge records: 17 View all charges
Legal Cases of Fortune Multitech Private Limited
Fortune Multitech Private Limited has 7 court cases on record: 2 filed by Fortune Multitech, 2 filed against it, 3 where it is another party. 1 case is pending and 6 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Company is another party | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab | Disposed |
| District court, SAS Nagar, Punjab | Court case (COMI) | Filed against the company by an individual | Disposed |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by an individual | Disposed |
| High Court of Punjab and Haryana | Writ petition | Company is another party | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Fortune Multitech Private Limited
Fortune Multitech operates one associated brand: Fortune MultiTech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fortune Multitech builds and sells elegant residential apartments with modern amenities. | fortunemultitech.com |
Employees and EPFO Compliance at Fortune Multitech Private Limited
Fortune Multitech Private Limited has a workforce of 3 employees as of Apr 02, 2024.
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 Fortune Multitech Private Limited
Fortune Multitech Private Limited has 9 board changes on record since 2010: 6 appointments and 3 cessations. The latest: Rajnish Kumar Goyal ceased to be Director on 04 Jul 2017.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Fortune Multitech 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 Fortune Multitech 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 Fortune Multitech 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 Fortune Multitech Private Limited
Fortune Multitech has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCF5370J1ZS | Punjab | 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 Fortune Multitech 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 Fortune Multitech Private Limited
Fortune Multitech is an active private limited company based in Ludhiana, Punjab, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 February 2010 (16+ years old) and is registered under CIN U15400PB2010PTC033597.
Fortune Multitech reported revenue of ₹17.93 Cr for FY 2024.
Fortune Multitech has 3 current directors:
- Ramesh Kumar - Director
- Sunny Garg - Director
- Ajay Garg - Director
Fortune Multitech reported a net profit of ₹29.08 Lakh (net margin 1.6%) and EBITDA of ₹2.52 Cr (EBITDA margin 14.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortune Multitech is -19% over three years and 13% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fortune Multitech is 03AABCF5370J1ZS, registered in Punjab. 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 Multitech is U15400PB2010PTC033597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Multitech has 7 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Fortune Multitech was incorporated on 11 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Fortune Multitech by revenue are Olive Builders and Developers Private Limited, Joyalukkas Lifestyle Developers Private Limited, Asb Energy Systems and Construction Private Limited, Russel Foundations Private Limited, Riu Homes Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Rajnish Kumar Goyal ceased to be Director on 04 Jul 2017. Rakesh Goel ceased to be Director on 04 Jul 2017. Ajay Garg was appointed as Director on 06 Jun 2017. Fortune Multitech has 9 board changes on record in total.