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fortune financial serv india (530023) Details

Fortune Financial Services (India) Limited provides financial services in India. The company is involved in investment banking, merchant banking, and corporate finance activities. Its investment banking services include equity/debt syndication; issue management; and mergers and acquisitions, and corporate advisory services. The company also offers equities and derivatives trading, equity research, commodities trading, portfolio management services, distribution of mutual funds, IPO, and insurance products. In addition, it provides broking services in the cash, future, and options segments; and financing and lending services, as well as acts as a depository participant. The company was incorporated in 1991 and is based in Mumbai, India.

Founded in 1991

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fortune financial serv india (530023) Key Developments

Fortune Financial Services (India) Ltd., Board Meeting, Apr 11, 2014

Fortune Financial Services (India) Ltd., Board Meeting, Apr 11, 2014. Agenda: To allot 15,466,700 equity shares of INR 10 at INR 75 per share fully paid up on preferential basis.

Fortune Financial Services India Ltd. Announces Resignation of Nimish C. Shah as Managing Director and from Board

Fortune Financial Services India Ltd. has received a resignation letter from Mr. Nimish C. Shah, Managing Director of the company, intending to resign as a Managing Director and also from the Board of the company. The board of directors have accepted the resignation of Mr. Nimish C. Shah from the post of Managing Director as well as from the member of the board with effect from the closure of the offer period in respect of the on-going open offer.

Fortune Financial Services India Ltd Announces Executive Changes

Fortune Financial Services India Ltd. announced that the board of directors of the company at its meeting held on February 04, 2014, the board has transacted the appointment of Mr. Yashpal Madan as a Manager under the Companies Act, 1956 and appointment of new CFO of the company in place of Mr. M. G. Muthu Kummar, who has resigned as CFO.


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Valuation 530023 Industry Range
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Price/Sales 2.7x
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