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Fortune Financial Services (India) Limited was incorporated in the year 1991 by Mr. J.T.
Poonja, chairman and Mr. Nimish C Shah, Vice Chairman and Managing Director.
Fortune Group which comprises the holding company Fortune Financial Services (India)
Limited and its wholly owned subsidiaries, is engaged in providing a range of financial
services right from EQUITY AND DERIVATIVE TRADING, EQUITY RESEARCH,
COMMODITY TRAINING, PORTFOLIO MANAGEMENT SERVICES,
DISTRIBUTION OF MUTUAL FUNDS, IPO & INSURANCE PRODUCTS and also
INVESTMENT BANKING SERVICES.
The main activities of the company are conducted through Fortune Financial Services
which is also the holding company & its wholly owned subsidiaries. A brief snapshot of
all the companies is outlined as under.
M/s. Fortune Financial Services (India) Ltd. is listed on the Bombay Stock Exchange Ltd
and is SEBI registered Category I Merchant Banker. It has recently got approval from
SEBI to launch its Portfolio Management Services (PMS). FFSIL has four business
verticals viz. Fortune Equity Brokers (India) Limited, Fortune Commodities &
Derivatives (India) Ltd., Fortune Credit Capital Ltd. and Fortune Financial India
Insurance Brokers Limited.
M/s. Fortune Equity Brokers (India) Ltd. is 100% subsidiary company of M/s. Fortune
Financial Services (India) Ltd. It offers broking services in the Cash and Future & Option
Segments of the National Stock Exchange of India Ltd and the Bombay Stock Exchange
Limited. It is also a Depository Participant of Central Depository Services (India) Ltd.
Fortune Credit Capital Ltd. is 100% subsidiary company of M/s. Fortune Financial
Services Ltd. It is formed for the purpose of financing, lending to the clients. The
Company has received license from RBI for NBFC operations.
M/s. Fortune Financial India Insurance Brokers Limited is 100% subsidiary company of
Fortune Financial India Insurance Brokers Limited and formed for the purpose of
providing insurance broking and related products and services.
MILESTONES
1991
Mr. J.T. Poonja and Mr. Nimish C. Shah incorporated Fortune Financial Services (India)
Private Limited as a Non-Banking Financial Company (NBFC).
1993
1995
• Fortune was listed on the Bombay Stock Exchange, Delhi Stock Exchange,
Ahmedabad Stock Exchange and Madras Stock Exchange
• Company received membership of National Stock Exchange (NSE).
1996
• Fortune set up its in-house equity research division with a view to provide equity
research to corporate clients and support its corporate finance and investment
banking activities
• Fortune started accepting fixed deposits from public. The fixed deposit schemes
of the Company is rated "FA" by CRISIL
1998
• The fixed deposit scheme of Fortune was rated "FA" by CRISIL on account of its
timely repayment of interest, repayment of the principal and the safety of the
deposits
1999
• Fortune Financial became the 1st Indian company to go in for a buyback of its
shares.
2000
2001
2002
2004
2005
2006
• Shareholders of Fortune approved the issuance of bonus shares in the ratio of 1:1
• Commenced DP Services
FORTUNE GROUP COMPANIES