About Unnati Fortune Holdings Limited
Data last updated:
Unnati Fortune Holdings Limited is a public limited company based in Delhi, 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 June 2011.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2011PLC221126. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.96 Cr. It was formerly known as Unnati Fortune Group Holdings Limited. It is led by directors including Himanshu Pathak and Rajesh Kumar Pathak.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 560 G.T Road 1st Floor Shahdara Opposite Uco Bank, Delhi, India – 110032.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.57 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹2.53 Cr (net margin -45.5%) and EBITDA of ₹24.93 Cr (EBITDA margin 447.4%).
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 13 subsidiaries.
As per MCA filings, the company has open charges of ₹258.06 Cr and satisfied charges of ₹22.35 Cr on record. Court records list 95 cases involving the company, including 3 filed by the company and 92 filed against it; 27 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹27.96 Cr; the latest was in March 2016.
The last known website on record is unnatifortune.com.
Company details
Contact details
Unnati Fortune Holdings Limited's registered office is in Delhi, Delhi. Its website is unnatifortune.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address560 G.T Road 1st Floor Shahdara Opposite Uco Bank, Delhi, India – 110032
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Unnati Fortune Holdings 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 Unnati Fortune Holdings is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Unnati Fortune Holdings Limited, buy the company report.
Financials of Unnati Fortune Holdings Limited
FY 2017 filings availableUnnati Fortune Holdings Limited reported revenue of ₹5.57 Cr (down 91% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year. EBITDA rose 163% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.57 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹24.93 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.53 Cr | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 447.4% | ||
| Net Profit Margin | -45.5% | ||
| 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 | |||
To see the full financial statements and ratios of Unnati Fortune Holdings Limited, buy the company report.
Board of directors of Unnati Fortune Holdings Limited
Unnati Fortune Holdings has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Pathak | Additional Director | 14 Aug 2018 | 8 Years 2 Months | As last reported |
| Rajesh Kumar Pathak Also directs: Taad Global Infrastructure Private Limited, Unnati Fortune Technologies Private Limited, Jublee Tradex Private Limited and 3 more | Additional Director | 08 Aug 2017 | 9 Years 3 Months | As last reported |
| Shilendra Pratap Sharma Singh | Additional Director | 20 Feb 2018 | 8 Years 8 Months | As last reported |
| Ankit Pathak Also directs: Unnati Fortune Farms Private Limited, Impressive Farms Private Limited, Dwarika Residency Private Limited and 4 more | Additional Director | 27 Jun 2018 | 8 Years 4 Months | As last reported |
| Shashank Pathak Also directs: Unnati Fortune Farms Private Limited, Impressive Farms Private Limited, Taad Global Infrastructure Private Limited and 5 more | Additional Director | 01 Mar 2018 | 8 Years 8 Months | As last reported |
Auditor
Unnati Fortune Holdings Limited is audited by SUNIL ARORA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL ARORA & ASSOCIATES | FY 2017 | 004255N |
Shareholding
The shareholding of Unnati Fortune Holdings Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Unnati Fortune Holdings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2017 | 100119229 | Others | ₹30 Cr | Open | |
| 24 Jun 2017 | 100109369 | Others | ₹1.1 Cr | Open | |
| 18 Mar 2017 | 100084566 | Others | ₹25 Cr | Open | |
| 07 Mar 2017 | 100081795 | Others | ₹20 Cr | Open | |
| 28 Dec 2016 | 100074815 | Others | ₹21.77 Lakh | Open |
To see the full charge records of Unnati Fortune Holdings Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Unnati Fortune Holdings Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹27.96 Cr; the latest was in March 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shreeyn Infratech Private Limited |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Fortune Infraheight Private Limited , Shreeyn Infratech Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Fortune Infraheight Private Limited Seller: Unnati Solar Energy Private Limited |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹27.96 Cr | Investors: Fortune Infraheight Private Limited , Shreeyn Infratech Private Limited , Unnati Land & Walls Private Limited , an individual |
To see the full deal history of Unnati Fortune Holdings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Unnati Fortune Holdings Limited has 95 court cases on record: 3 filed by Unnati Fortune Holdings, 92 filed against it. 27 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 87 | 87 | 24 |
| High courts | 4 | 2 | 0 |
| NCLAT | 3 | 3 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 95)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Criminal case | Filed against the company by Hilux Investments LLP | Pending |
| District court, South, Delhi | Criminal case | Filed against the company by Icici Bank Ltd. | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Sun Agrifresh Industries Pvt. Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Icici Bank Ltd. | Disposed |
| District court, South East, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Tata Capital Housing Finance Limited | Disposed |
To see the full case history of Unnati Fortune Holdings 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Unnati Fortune Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Unnati Fortune Holdings has 13 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Fortune Infraheight Private Limited | U45400UP2009PTC037040 | |
| Fortune Infraheight Private Limited | U45400UP2009PTC037040 | |
| Dwarika Residency Private Limited | U45400UP2010PTC042240 | |
| Unnati Fortune Hotmart Private Limited | U55101DL2011PTC221339 | |
| Unnati Fortune Hotmart Private Limited | U55101DL2011PTC221339 | |
| Ivrcl Aranya Projects Private Limited | U70101TG2012PTC079287 |
To see the full group structure of Unnati Fortune Holdings Limited, buy the company report.
Employees & EPFO
Unnati Fortune Holdings Limited has a workforce of 32 employees on its EPFO records as of Jun 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 32 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Unnati Fortune Holdings Limited, buy the company report.
GST
Unnati Fortune Holdings has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Unnati Fortune Holdings Limited, buy the company report.
Recent activity
Unnati Fortune Holdings Limited has 19 board changes on record since 2013: 5 appointments and 14 cessations. The latest: Pinki Sharma ceased to be Director on 16 Aug 2018.
36 earlier events are in the company report.
Frequently asked questions
Unnati Fortune Holdings 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.
Unnati Fortune Holdings is a company under insolvency, formerly operating as a public limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 20 June 2011 and is registered under CIN U74900DL2011PLC221126. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Unnati Fortune Holdings has 5 current directors:
- Himanshu Pathak - Additional Director
- Rajesh Kumar Pathak - Additional Director
- Shilendra Pratap Sharma Singh - Additional Director
- Ankit Pathak - Additional Director
- Shashank Pathak - Additional Director
The latest financial statements of Unnati Fortune Holdings on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Unnati Fortune Holdings is U74900DL2011PLC221126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unnati Fortune Holdings has open charges of ₹258.06 Cr and satisfied charges of ₹22.35 Cr as per latest MCA filings.
Unnati Fortune Holdings has 95 court cases on record: 3 filed by the company and 92 filed against it. 27 are pending. Most are in the district courts.
Unnati Fortune Holdings was incorporated on 20 June 2011. It is registered with the Registrar of Companies, Delhi.
Unnati Fortune Holdings has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹27.96 Cr; the latest was in March 2016.
Pinki Sharma ceased to be Director on 16 Aug 2018. Himanshu Pathak was appointed as Additional Director on 14 Aug 2018. Rajesh Kumar Tyagi ceased to be Director on 28 Jun 2018. Unnati Fortune Holdings has 19 board changes on record in total.
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