Fortunext Technology Solutions Private Limited
About Fortunext Technology Solutions Private Limited
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Fortunext Technology Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 17 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74994TG2018PTC124536. Its GSTIN is 36AADCF4039Q1Z7 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Fortunext Technology Solution Private Limited. It is led by directors Shiva Kesav Gajula and Venkatanadhu Bonagiri.
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 8 – 2 – 682/ A &B Flat 103 A And B Mayfair Garden Road No 12 Banjara Hills, Hyderabad, Telangana, India – 500034.
As per the financials filed for FY 2022, the company reported a revenue of ₹50,000, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Lakh (net margin -222%) and EBITDA of -₹1.11 Lakh (EBITDA margin -222%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
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- Registered Address8 – 2 – 682/ A &B Flat 103 A And B Mayfair Garden Road No 12 Banjara Hills, Hyderabad, Telangana, India – 500034
- IndustryBusiness Services, Miscellaneous Business Activities, Other 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
- One PDF report, delivered after checkout
Business Activity of Fortunext Technology Solutions Private Limited
The main business activity of Fortunext Technology Solutions 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 Fortunext Technology Solutions Private Limited FY 2023 filings available
Fortunext Technology Solutions Private Limited reported revenue of ₹50,000 (down 95% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Fortunext Technology Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 95% 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 of Fortunext Technology Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹50,000 | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.11 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.11 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 Fortunext Technology Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -222% | •••• | •••• | •••• |
| Net Profit Margin | -222% | •••• | •••• | •••• |
| 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 Fortunext Technology Solutions are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Fortunext Technology Solutions Private Limited
Fortunext Technology Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiva Kesav Gajula | Director | 16 May 2023 | 3 Years 5 Months | Current |
| Venkatanadhu Bonagiri | Director | 16 May 2023 | 3 Years 5 Months | Current |
Ownership and Shareholding of Fortunext Technology Solutions 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 Fortunext Technology Solutions Private Limited
Fortunext Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Fortunext Technology Solutions Private Limited
Employment history and EPFO contributions of people linked to Fortunext Technology Solutions.
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 Fortunext Technology Solutions Private Limited
Fortunext Technology Solutions Private Limited has 5 board changes on record since 2023: 2 appointments and 3 cessations. The latest: Anusha Nagella ceased to be Director on 06 Jun 2023.
Credit Ratings, Litigation & Regulatory Alerts for Fortunext Technology Solutions 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 Fortunext Technology Solutions 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 Fortunext Technology Solutions 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 Fortunext Technology Solutions Private Limited
Fortunext Technology Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCF4039Q1Z7 | Telangana | Active | 04 Dec 2021 |
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 Fortunext Technology Solutions 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 Fortunext Technology Solutions Private Limited
Fortunext Technology Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 17 May 2018 (8+ years old) and is registered under CIN U74994TG2018PTC124536.
Fortunext Technology Solutions reported revenue of ₹50,000 for FY 2022 (down 95% YoY).
Fortunext Technology Solutions has 2 current directors:
- Shiva Kesav Gajula - Director
- Venkatanadhu Bonagiri - Director
Fortunext Technology Solutions reported a net loss of ₹1.11 Lakh (net margin -222%) and EBITDA of -₹1.11 Lakh (EBITDA margin -222%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortunext Technology Solutions is -1% over three years. In the latest year (FY 2022) revenue fell 95%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fortunext Technology Solutions is 36AADCF4039Q1Z7, registered in Telangana.
The CIN (Corporate Identification Number) of Fortunext Technology Solutions is U74994TG2018PTC124536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortunext Technology Solutions was incorporated on 17 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
Anusha Nagella ceased to be Director on 06 Jun 2023. Dharmendra Sahani ceased to be Director on 06 Jun 2023. Nilu Sahani ceased to be Director on 06 Jun 2023. Fortunext Technology Solutions has 5 board changes on record in total.
Yes, Fortunext Technology Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).