About Fortune Panel Systems (India) Private Limited
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Fortune Panel Systems (India) Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 10 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31501GJ2013PTC075517. Its GSTIN is 24AACCF2233R1ZJ (Gujarat).
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors Krishnaben Jayantibhai Patel and Satishkumar Bhagavanbhai Patel.
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 Shed No. 113 GIDC State 2 Dediyasan Ta. Mehsana, Gujarat, India – 384002.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.46 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹87.09 Lakh (net margin 3.1%) and EBITDA of ₹1.94 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 15% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fortune Panel. As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹3.65 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 fortunepanel.in.
Company details
Contact details
Fortune Panel Systems (India) Private Limited's registered office is in Mehsana, Gujarat. Its website is fortunepanel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShed No. 113 GIDC State 2 Dediyasan Ta. Mehsana, Gujarat, India – 384002
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Fortune Panel Systems (India) 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
Brands
Fortune Panel Systems (India) operates one associated brand: Fortune Panel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of PLC and SCADA based control panels for construction equipment is undertaken by Fortune Panel in India. | fortunepanel.in |
Business activity
The main business activity of Fortune Panel Systems (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Fortune Panel Systems (India) Private Limited, buy the company report.
Financials of Fortune Panel Systems (India) Private Limited
FY 2025 filings availableFortune Panel Systems (India) Private Limited reported revenue of ₹28.46 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 25% growth in the latest year. EBITDA rose 13% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.94 Cr | ||||
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| Net Profit (PAT) | ₹87.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 3.1% | ||||
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To see the full financial statements and ratios of Fortune Panel Systems (India) Private Limited, buy the company report.
Board of directors of Fortune Panel Systems (India) Private Limited
Fortune Panel Systems (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnaben Jayantibhai Patel | Director | 10 Jun 2013 | 13 Years 4 Months | Current |
| Satishkumar Bhagavanbhai Patel | Director | 10 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Fortune Panel Systems (India) Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GMDT Marine & Industrial Engineering Private Limited | ₹28.58 Cr (FY 2024) | 66.0% | Ahmedabad, Gujarat, India | |||
| G.P Tronics Private Limited | ₹28.55 Cr (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Mohini Transformers Pvt Ltd | ₹28.5 Cr (FY 2024) | -24.0% | Indore, Madhya Pradesh, India | |||
| Sumesh Engineers Private Limited | ₹28.5 Cr (FY 2025) | -61.0% | Village Bhasaria, Gujarat, India | |||
| Fortune Panel Systems (India) Private Limitedthis company | ₹28.46 Cr (FY 2025) | ₹87.09 Lakh | 3.1% | 25.0% | 43 | Mehsana, Gujarat, India |
| Seepra Electricals Private Limited | ₹28.46 Cr (FY 2025) | 69.0% | Jalgaon, Maharashtra, India | |||
| Oshima Systems Private Limited | ₹28.41 Cr (FY 2025) | 2.0% | Mangalore, Karnataka, India | |||
| Universal Power Equipment Private Limited | ₹28.39 Cr (FY 2025) | -12.0% | Kancheepuram, Tamil Nadu, India |
To see the full peer comparison of Fortune Panel Systems (India) Private Limited, buy the company report.
Auditor
Fortune Panel Systems (India) Private Limited is audited by PATEL & PANCHAL for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL & PANCHAL | FY 2024 | 123744W |
Shareholding
The shareholding of Fortune Panel Systems (India) Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fortune Panel Systems (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2017 | 100113434 | Others | ₹2.5 Cr | Open | |
| 04 Oct 2013 | 10454434 | Others | ₹3.65 Cr | Satisfied |
To see the full charge records of Fortune Panel Systems (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Fortune Panel Systems (India) 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
Fortune Panel Systems (India) Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 71 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Meem Transformer Private Limited | |||
| an individual supplier | |||
| Integral Control & Engimech System Solutions | |||
| Shree-Jee Sales Corporation | |||
| Tangent Technologies |
To see the full MSME payment records of Fortune Panel Systems (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fortune Panel Systems (India) Private Limited has a workforce of 43 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
GST
Fortune Panel Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF2233R1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fortune Panel Systems (India) Private Limited, buy the company report.
Recent activity
Fortune Panel Systems (India) Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Krishnaben Jayantibhai Patel was appointed as Director on 10 Jun 2013.
Frequently asked questions
Fortune Panel Systems (India) is an active private limited company based in Mehsana, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 10 June 2013 (13+ years old) and is registered under CIN U31501GJ2013PTC075517.
Fortune Panel Systems (India) has 2 current directors:
- Krishnaben Jayantibhai Patel - Director
- Satishkumar Bhagavanbhai Patel - Director
The latest financial statements of Fortune Panel Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fortune Panel Systems (India) is 24AACCF2233R1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Fortune Panel Systems (India) is U31501GJ2013PTC075517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Panel Systems (India) was incorporated on 10 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Fortune Panel Systems (India) by revenue are GMDT Marine & Industrial Engineering Private Limited, G.P Tronics Private Limited, Mohini Transformers Pvt Ltd, Sumesh Engineers Private Limited, Seepra Electricals Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Krishnaben Jayantibhai Patel was appointed as Director on 10 Jun 2013. Satishkumar Bhagavanbhai Patel was appointed as Director on 10 Jun 2013.
Fortune Panel Systems (India) has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 71 overdue payments to 18 micro and small suppliers. The latest return was filed on 01 May 2022.
Fortune Panel Systems (India) can be reached through the website fortunepanel.in. Its registered office is in Mehsana, Gujarat, India.
The registered office of Fortune Panel Systems (India) is at Shed No. 113 GIDC State 2 Dediyasan Ta. Mehsana, Gujarat, India – 384002.
Fortune Panel Systems (India) operates in the energy and power industry, in the power equipment manufacturers segment.