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 3 peer companies in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Alasco Springs Private Limited with revenue of ₹17.71 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
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
Globe-Tech Fortune Industries Private Limited's registered office is in Bangalore, Karnataka. Its website is fortuneindocorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 85 4th B Cross Bfw Layout Laggere Ganapathinagar Peenya 3rd Stag, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Globe-Tech Fortune Industries Private Limited, buy the company report.
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
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Business activity
The main business activity of Globe-Tech Fortune Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Globe-Tech Fortune Industries Private Limited, buy the company report.
Financials of Globe-Tech Fortune Industries Private Limited
FY 2024 filings availableGlobe-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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹80.29 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Globe-Tech Fortune Industries Private Limited, buy the company report.
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
Globe-Tech Fortune Industries Private Limited is compared with the 3 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alasco Springs Private Limited | ₹17.71 Cr (FY 2025) | 17.0% | Rewari, Haryana, India | |||
| Globe-Tech Fortune Industries Private Limitedthis company | ₹17.57 Cr (FY 2025) | ₹80.29 Lakh | 4.6% | -5.0% | 108 | Bangalore, Karnataka, India |
| Adarsh Plant Protect Limited | ₹17.51 Cr (FY 2025) | -6.0% | Anand, Gujarat, India | |||
| Sira Engineering Private Limited | ₹17.41 Cr (FY 2025) | 41.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Globe-Tech Fortune Industries Private Limited, buy the company report.
Auditor
Globe-Tech Fortune Industries Private Limited is audited by M S SRINATH & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S SRINATH & Co | FY 2023 | 200915 |
Shareholding
The shareholding of Globe-Tech Fortune Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Globe-Tech Fortune Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.73 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2024 | 100983998 | Others | ₹32 Lakh | Open | |
| 27 Oct 2022 | 100644326 | Others | ₹11.3 Lakh | Open | |
| 23 Jun 2022 | 100587436 | Canara Bank | ₹36 Lakh | Open | |
| 16 Aug 2019 | 100286888 | Canara Bank | ₹12.02 Cr | Open | |
| 16 Mar 2019 | 100255102 | Others | ₹91.5 Lakh | Open |
To see the full charge records of Globe-Tech Fortune Industries Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Globe-Tech Fortune Industries 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
No delayed payments to MSME suppliers are on our record for Globe-Tech Fortune Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Globe-Tech Fortune Industries Private Limited has a workforce of 108 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
108
Active EPFO establishments
1
Employee growth
4.85%
GST
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 |
To see the full GST registrations and return filing status of Globe-Tech Fortune Industries Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Ganesh Hegde - Managing Director
- Sharat Hegde - Whole-Time Director
- Mangalagowri Hegde - Director
The latest financial statements of Globe-Tech Fortune Industries 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 FY 2018 are in the company report.
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 Alasco Springs Private Limited, Adarsh Plant Protect Limited, Sira Engineering Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
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.
Yes, Globe-Tech Fortune Industries is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0015235).
Globe-Tech Fortune Industries can be reached through the website fortuneindocorp.com. Its registered office is in Bangalore, Karnataka, India.