About Fortunesoft IT Innovations Private Limited
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Fortunesoft IT Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2009PTC050672. Its GSTIN is 29AABCF5422B1Z2 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Deepu George Tharappel and Jobin Tharappel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.19 Kmj Ascend 1st Cross 17th C Main 5th Block Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.79 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹25.91 Lakh (net margin 5.4%) and EBITDA of ₹38.61 Lakh (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 14% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fortunesoft. As per MCA filings, the company has open charges of ₹18 Lakh 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 fortunesoftit.com.
- EmailLocked
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- Website
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- Registered AddressNo.19 Kmj Ascend 1st Cross 17th C Main 5th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryInformation Technology, IT Consulting & Support 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
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Business Activity of Fortunesoft IT Innovations Private Limited
The main business activity of Fortunesoft IT Innovations is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Fortunesoft IT Innovations Private Limited FY 2023 filings available
Fortunesoft IT Innovations Private Limited reported revenue of ₹4.79 Cr (up 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Fortunesoft IT Innovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 23% growth in the latest year. EBITDA rose 422% 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 Fortunesoft IT Innovations Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4.79 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹38.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹25.91 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Fortunesoft IT Innovations Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| 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 Fortunesoft IT Innovations 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leaping Frog Consulting Private Limited | ₹4.8 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Thane, Maharashtra, India |
| Saffroncoin Solutions Private Limited | ₹4.8 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Bangalore, Karnataka, India |
| Veloces Consulting Services Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| JSD Medical Business Management Services Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Ecobillz Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Belgaum, Karnataka, India |
| Fortunesoft IT Innovations Private Limited this company | ₹4.79 Cr (FY 2023) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Swiftace AI Private Limited | ₹4.79 Cr (FY 2023) | •••• | •••• | 219.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Traverze Consultancy Solutions Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Justbaat Mediatech Private Limited | ₹4.79 Cr (FY 2024) | •••• | •••• | 143.0% | •••• | Lucknow, Uttar Pradesh, India |
| Aurus IT Solutions Private Limited | ₹4.79 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Oasis Technosoft Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Fortunesoft IT Innovations by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations Private Limited is audited by George Mathew G for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| George Mathew G | 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepu George Tharappel Also directs: Fruitsvalley Agritech Ventures LLP, Fortune Portals India Private Limited, Commercio Technologies Private Limited and 1 more | Director | 19 Aug 2009 | 17 Years 1 Months | Current |
| Jobin Tharappel Also directs: Fruitsvalley Agritech Ventures LLP, Fruitsvalley Farmers Producer Company Limited, Fortune Portals India Private Limited and 2 more | Director | 19 Aug 2009 | 17 Years 1 Months | Current |
Ownership and Shareholding of Fortunesoft IT Innovations 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 Fortunesoft IT Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jun 2023 | Others | ₹18 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations operates one associated brand: Fortunesoft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers full-cycle software development, tech solutions, and consulting for businesses worldwide. | fortunesoftit.com |
Employees and EPFO Compliance at Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations Private Limited has a workforce of 62 employees as of Apr 09, 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Deepu George Tharappel was appointed as Director on 19 Aug 2009.
Credit Ratings, Litigation & Regulatory Alerts for Fortunesoft IT Innovations 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 Fortunesoft IT Innovations 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 Fortunesoft IT Innovations 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF5422B1Z2 | Karnataka | 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 Fortunesoft IT Innovations 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 Fortunesoft IT Innovations Private Limited
Fortunesoft IT Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 August 2009 (17+ years old) and is registered under CIN U72200KA2009PTC050672.
Fortunesoft IT Innovations reported revenue of ₹4.79 Cr for FY 2023 (up 23% YoY).
Fortunesoft IT Innovations has 2 current directors:
- Deepu George Tharappel - Director
- Jobin Tharappel - Director
Fortunesoft IT Innovations reported a net profit of ₹25.91 Lakh (net margin 5.4%) and EBITDA of ₹38.61 Lakh (EBITDA margin 8.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortunesoft IT Innovations is 23% over three years and 14% over five years. In the latest year (FY 2023) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fortunesoft IT Innovations is 29AABCF5422B1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Fortunesoft IT Innovations is U72200KA2009PTC050672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortunesoft IT Innovations was incorporated on 19 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Fortunesoft IT Innovations by revenue are Leaping Frog Consulting Private Limited, Saffroncoin Solutions Private Limited, Veloces Consulting Services Private Limited, JSD Medical Business Management Services Private Limited, Ecobillz Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Deepu George Tharappel was appointed as Director on 19 Aug 2009. Jobin Tharappel was appointed as Director on 19 Aug 2009.
Fortunesoft IT Innovations can be reached through the website fortunesoftit.com. Its registered office is in Bangalore, Karnataka, India.