About Fortune Spirit Limited
Data last updated:
Fortune Spirit Limited is a public limited company based in Bhubaneswar, Odisha, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 21 November 2007.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U15511OR2007PLC009628. Its GSTIN is 21AABCF1693C1Z7 (Odisha).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.46 Cr. It is led by directors including Rajesh Kumar Sahu (Managing Director) and Hansika Sahu.
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 Plot No – 31 Kharavela Nagar Unit – III, Bhubaneswar, Odisha, India – 751001.
As per the financials filed for FY 2021, the company reported a revenue of ₹12.4 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹10.23 Cr and EBITDA of -₹7.89 Cr. Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 66% over five years.
The company has about 125 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹20.7 Cr on record. Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it; 3 cases are pending.
The last known website on record is fortune-spirit-ltd.business.site.
Company details
Contact details
Fortune Spirit Limited's registered office is in Bhubaneswar, Odisha. Its website is fortune-spirit-ltd.business.site. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No – 31 Kharavela Nagar Unit – III, Bhubaneswar, Odisha, India – 751001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Fortune Spirit 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 Spirit is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
Financials of Fortune Spirit Limited
FY 2024 filings availableFortune Spirit Limited reported revenue of ₹12.4 Lakh (down 97% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 97% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.4 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.23 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
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| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Fortune Spirit Limited, buy the company report.
Board of directors of Fortune Spirit Limited
Fortune Spirit has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hansika Sahu Also directs: Arthemio Hospitality Private Limited | Director | 25 Apr 2019 | 7 Years 6 Months | As last reported |
| Kushagra Sahu | Director | 25 Apr 2019 | 7 Years 6 Months | As last reported |
| Rajesh Kumar Sahu Also directs: Shri Sai Balaji Associates Private Limited | Managing Director | 21 Nov 2007 | 18 Years 11 Months | As last reported |
| Deepak Kumar Sahu Also directs: Ganga Devi and Sons Pvt Ltd | Director | 21 Nov 2007 | 18 Years 11 Months | As last reported |
| Bhaibhav Subudhi | Additional Director | 28 Feb 2017 | 9 Years 8 Months | As last reported |
| Ayush Sahu | Director | 26 Mar 2010 | 16 Years 7 Months | As last reported |
Auditor
Fortune Spirit Limited is audited by SENAPATI B K & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SENAPATI B K & ASSOCIATES | FY 2021 | 328732E |
Shareholding
The shareholding of Fortune Spirit 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 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fortune Spirit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2014 | 10540357 | Idbi Bank Limited | ₹15 Cr | Open | |
| 31 Dec 2013 | 10472590 | Union Bank of India | ₹10 Cr | Satisfied | |
| 03 Nov 2012 | 10391917 | Axis Bank Limited | ₹6.2 Cr | Satisfied | |
| 17 May 2008 | 10128033 | State Bank of India | ₹4.5 Cr | Satisfied |
To see the full charge records of Fortune Spirit Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Fortune Spirit Limited has 13 court cases on record: 10 filed by Fortune Spirit, 3 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 0 |
| District courts | 3 | 2 | 2 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against Authorized Officer, Idbi Bank, Ltd., BBSR and 2 others | Disposed |
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed by the company against an individual | Pending |
| District court, South, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by an individual | Pending |
| District court, Khurda, Orissa | Civil suit | Filed by the company against Deputy Genaral Manager I D B I Bank | Disposed |
To see the full case history of Fortune Spirit 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 Spirit Limited was last rated by Care on 03 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Jul 2026 |
To see the full credit ratings and regulatory alerts of Fortune Spirit Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fortune Spirit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fortune Spirit Limited has a workforce of 125 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Fortune Spirit has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCF1693C1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fortune Spirit Limited, buy the company report.
Recent activity
Fortune Spirit Limited has 9 board changes on record since 2007: 6 appointments and 3 cessations. The latest: Hansika Sahu was appointed as Director on 25 Apr 2019.
11 earlier events are in the company report.
Frequently asked questions
Fortune Spirit is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Fortune Spirit is a company under insolvency, formerly operating as a public limited company based in Bhubaneswar, Odisha, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 21 November 2007 and is registered under CIN U15511OR2007PLC009628. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fortune Spirit has 6 current directors:
- Rajesh Kumar Sahu - Managing Director
- Hansika Sahu - Director
- Kushagra Sahu - Director
- Deepak Kumar Sahu - Director
- Bhaibhav Subudhi - Additional Director
- Ayush Sahu - Director
The latest financial statements of Fortune Spirit 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 CIN (Corporate Identification Number) of Fortune Spirit is U15511OR2007PLC009628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Spirit has open charges of ₹15 Cr and satisfied charges of ₹20.7 Cr as per latest MCA filings.
Fortune Spirit has 13 court cases on record: 10 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Fortune Spirit was incorporated on 21 November 2007. It is registered with the Registrar of Companies, Cuttack.
Hansika Sahu was appointed as Director on 25 Apr 2019. Kushagra Sahu was appointed as Director on 25 Apr 2019. Bhaibhav Subudhi was appointed as Additional Director on 28 Feb 2017. Fortune Spirit has 9 board changes on record in total.
Fortune Spirit can be reached through the website fortune-spirit-ltd.business.site. Its registered office is in Bhubaneswar, Odisha, India.
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