MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0015235
Globe-Tech Fortune Industries Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.57 Cr
▼ 5% YoY
Net profit · FY 2025
₹80.29 Lakh
Net margin 4.6%
EBITDA · FY 2025
₹3.17 Cr
EBITDA margin 18%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹13.73 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
108
Provident fund records
About Globe-Tech Fortune Industries Private Limited
Data last updated:
Globe-Tech Fortune Industries Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 10 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29308KA2017PTC104482. Its GSTIN is 29AAGCG9130L1Z6 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Ganesh Hegde (Managing Director) and Sharat Hegde (Whole-Time Director).
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 No 85 4th B Cross Bfw Layout Laggere Ganapathinagar Peenya 3rd Stag, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.57 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹80.29 Lakh (net margin 4.6%) and EBITDA of ₹3.17 Cr (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 9% over five years.
The company has about 108 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.73 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in March 2023. Its 10 peer companies in the Engineering industry (Foundry and Fabrication) are compared by revenue, 5 larger and 5 smaller; the largest is Iron Founders & Fabricators(India) Pvt Ltd with revenue of ₹17.91 Cr.
Globe-Tech Fortune Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0015235). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortuneindocorp.com.
Company Details of Globe-Tech Fortune Industries Private Limited
CIN U29308KA2017PTC104482
Registration Number 104482
Incorporation Date 10 July 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0015235
Key People
Ganesh Hegde Managing Director Sharat Hegde Whole-Time Director Mangalagowri Hegde Director Recognitions & Rankings of Globe-Tech Fortune Industries
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 85 4th B Cross Bfw Layout Laggere Ganapathinagar Peenya 3rd Stag, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Tools & Components
Comprehensive company report
Globe-Tech Fortune Industries Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Globe-Tech Fortune Industries Private Limited
The main business activity of Globe-Tech Fortune Industries is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Premium access
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 Globe-Tech Fortune Industries Private Limited FY 2024 filings available
Globe-Tech Fortune Industries Private Limited reported revenue of ₹17.57 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹17.57 Cr ▼ 5%
Net profit · FY 2025
₹80.29 Lakh margin 4.6%
EBITDA · FY 2025
₹3.17 Cr margin 18%
Compounded Annual Growth Rate (CAGR) of Globe-Tech Fortune Industries Private Limited
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 5%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 9%
5 years · compounded
▲ 14%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 4% 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 Globe-Tech Fortune Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹80.29 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 Globe-Tech Fortune Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.6% | •••• | •••• | •••• | •••• |
| 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 Globe-Tech Fortune Industries are in the company report.
Premium access
Financial statements from FY 2018
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 Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharat Hegde | Whole-Time Director | 10 Jul 2017 | 9 Years 3 Months | Current |
| Ganesh Hegde | Managing Director | 10 Jul 2017 | 9 Years 3 Months | Current |
| Mangalagowri Hegde | Director | 17 Aug 2022 | 4 Years 2 Months | Current |
Peer Comparison of Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Foundry and Fabrication). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iron Founders & Fabricators(India) Pvt Ltd | ₹17.91 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Howrah, West Bengal, India |
| Shiva Techniques Surfaces Private Limited | ₹17.85 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Faridabad, Haryana, India |
| Alasco Springs Private Limited | ₹17.71 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Rewari, Haryana, India |
| Kalina Engineering Private Limited | ₹17.63 Cr (FY 2025) | •••• | •••• | 107.0% | •••• | Mumbai, Maharashtra, India |
| Premier Rolling and Forging Works Private Limited | ₹17.59 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Uttar Pradesh, India |
| Globe-Tech Fortune Industries Private Limited this company | ₹17.57 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bangalore, Karnataka, India |
| Trimaax Techlonogies Private Limited | ₹17.54 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Adarsh Plant Protect Limited Listed | ₹17.51 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Anand, Gujarat, India |
| Arti Engineering Services Private Limited | ₹17.47 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bharuch, Gujarat, India |
| Ajit Windows Private Limited | ₹17.46 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Tumkur, Karnataka, India |
| Sira Engineering Private Limited | ₹17.41 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Globe-Tech Fortune Industries by revenue in the Engineering industry (Foundry and Fabrication), 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 Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries Private Limited is audited by M S SRINATH & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M S SRINATH & Co | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Globe-Tech Fortune Industries Private Limited
Premium access
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 Globe-Tech Fortune Industries Private Limited
Open charges
₹13.73 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2024 | Others | ₹32 Lakh | Open |
| 27 Oct 2022 | Others | ₹11.3 Lakh | Open |
| 23 Jun 2022 | Canara Bank | ₹36 Lakh | Open |
| 16 Aug 2019 | Canara Bank | ₹12.02 Cr | Open |
| 16 Mar 2019 | Others | ₹91.5 Lakh | Open |
Total charge records: 5 View all charges
Deals & Funding of Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in March 2023.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹99 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Funding round | ₹99 Lakh | Investors: 2 individuals |
Premium access
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries Private Limited has a workforce of 108 employees as of Apr 06, 2024.
Employee count
108
Active EPFO establishments
1
Employee growth
4.85%
Premium access
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 Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Mangalagowri Hegde ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Canara Bank of Rs. 12.02 Cr registered on 16 Aug 2019 with Charge ID 100286888 was modified on 30 Sep 2025.
AGM
Globe-Tech Fortune Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100983998 was registered on 05 Sep 2024.
Filing
Globe-Tech Fortune Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Mangalagowri Hegde ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100644326 was registered on 27 Oct 2022.
Appointed
Mangalagowri Hegde was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 0.36 Cr with Charge ID 100587436 was registered on 23 Jun 2022.
Charges
A charge with Canara Bank amounted to Rs. 12.02 Cr with Charge ID 100286888 was registered on 16 Aug 2019.
Charges
A charge with Others amounted to Rs. 0.92 Cr with Charge ID 100255102 was registered on 16 Mar 2019.
Appointed
Ganesh Hegde was appointed as Managing Director.
Appointed
Sharat Hegde was appointed as Whole-Time Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Globe-Tech Fortune Industries Private Limited
Premium access
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 Globe-Tech Fortune Industries Private Limited
Premium access
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 Globe-Tech Fortune Industries Private Limited
Premium access
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 Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCG9130L1Z6 | Karnataka | Active | 14 Mar 2018 |
Premium access
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 Globe-Tech Fortune Industries Private Limited
Premium access
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 Globe-Tech Fortune Industries Private Limited
Globe-Tech Fortune Industries is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 10 July 2017 (9+ years old) and is registered under CIN U29308KA2017PTC104482.
Globe-Tech Fortune Industries reported revenue of ₹17.57 Cr for FY 2025 (down 5% YoY).
Globe-Tech Fortune Industries has 3 current directors:
- Ganesh Hegde - Managing Director
- Sharat Hegde - Whole-Time Director
- Mangalagowri Hegde - Director
Globe-Tech Fortune Industries reported a net profit of ₹80.29 Lakh (net margin 4.6%) and EBITDA of ₹3.17 Cr (EBITDA margin 18%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Globe-Tech Fortune Industries is 5% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Globe-Tech Fortune Industries is 29AAGCG9130L1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Globe-Tech Fortune Industries is U29308KA2017PTC104482. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Globe-Tech Fortune Industries was incorporated on 10 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Globe-Tech Fortune Industries has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in March 2023.
The peers of Globe-Tech Fortune Industries by revenue are Iron Founders & Fabricators(India) Pvt Ltd, Shiva Techniques Surfaces Private Limited, Alasco Springs Private Limited, Kalina Engineering Private Limited, Premier Rolling and Forging Works Private Limited and 5 more, all in the Engineering industry (Foundry and Fabrication).
Mangalagowri Hegde ceased to be Additional Director on 29 Sep 2023. Mangalagowri Hegde was appointed as Director on 17 Aug 2022. Ganesh Hegde was appointed as Managing Director on 10 Jul 2017. Globe-Tech Fortune Industries has 4 board changes on record in total.