Fortune Group

Name

Fortune Group

Legal name

Fortune Group

Website

https://fortunegroup.org.in

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Steel Products Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311)

SIC

Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

Keywords

• TMT bar manufacturing
• Steel pipes and tubes
• Structural steel fabrication
• Hot-dip galvanizing services
• Solar mounting structures

Headquarters

HQ city

Ludhiana

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. TMT Bars Manufacturing & Sales: Manufacturing and selling TMT bars of all major grades (Fe 415, Fe 500, Fe-500 D, Fe-550, Fe-550 D, Fe-415S, Fe-500S) for construction and infrastructure projects. One-time product sales with recurring customer relationships.
2. Steel Pipes & Tubes: Production and sale of hollow, galvanized and MS Black steel pipes and tubes, including structural hollow sections (RHS/SHS). Products marketed under Fortune brand.
3. Steel Strips: Manufacturing steel strips of different sizes and thickness for various industrial applications.
4. Structural Steel Products: Production of MS Angle, MS Channel, MS Beam, H-Beam Channel, Angles for construction applications.
5. Solar Module Mounting Structures: Design, fabrication, galvanization, and installation of module mounting structures for solar power plants including ground-based, rooftop, and tracker systems.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Fortune Group is a steel manufacturing enterprise that produces TMT (Thermo Mechanically Treated) bars in grades Fe415 to Fe-550D, MS Black and GI steel pipes and tubes, structural steel products (MS Angle, Channel, Beam), steel strips, and solar module mounting structures. Manufacturing is conducted at two state-of-the-art plants in Mandi Gobindgarh, Punjab and Raipur, Chhattisgarh, utilizing Thermex QST technology and HFIW tube mills. The company sells directly to construction companies and infrastructure developers, and through a dealer network across 16 Indian states, exporting to over 25 countries.

Product overview

Fortune Group is a steel manufacturing enterprise specializing in TMT bars, steel pipes and tubes, structural products, steel strips, and solar module mounting structures. The company operates two manufacturing plants in Mandi Gobindgarh, Punjab and Raipur, Chhattisgarh. Their product portfolio includes Fortune TMT Bars (produced via Thermex Process), Fortune Steel Pipes & Tubes (MS Black, G.I. Round pipes, Hollow Sections), Fortune Structural Products (Angle, Channel, Beam), Fortune Strip, and Fortune Solar MMS (ground-based, rooftop, seasonal tilt, and tracker structures). The company is India's First 5-Star Green Steel Rated Manufacturer under the Ministry of Steel, Government of India's Green Steel Initiative.

Differentiator

Problem solved

Functional benefit

Brands

• Fortune Metals Limited: TMT manufacturing subsidiary based in Ludhiana with state-of-the-art TMT Manufacturing Plant in Mandi Gobindgarh
• Fortune Metaliks Limited
• Fortune Tubes

Products and services

• Fortune TMT Bars Thermo Mechanically Treated (TMT) steel reinforcement bars available in grades Fe415, Fe500, Fe-500D, Fe-550, Fe-550D, Fe-415S, and Fe-500S, manufactured under the Thermex QST licence to BIS IS 1786 standards. Features include 100-200% higher bond strength than MS plain bars, excellent weldability via low carbon content, ductile-core bendability, high corrosion resistance, dimensional tolerance per IS 1786, temperature resistance up to 600°C, and earthquake-resistant properties for construction companies and infrastructure developers.
• Fortune Steel Pipes & Tubes Steel pipes and tubes produced under the Fortune brand, including MS Black pipes, GI round pipes, and Hollow Sections (Rectangular Hollow Sections / Square Hollow Sections), conforming to IS 4923, EN 10219-1, and ASTM A-500 standards. The HFIW mills run at 110 meters/minute with quick size-changing cassettes, online Eddy Current Testing, and up to 30% steel savings versus conventional angles and channels, marketed as Fortune Tubes for construction and infrastructure buyers.
• Fortune Structural Products Structural steel products comprising MS Angle, MS Channel, MS Beam, H-Beam Channel, and other Angles produced for construction, infrastructure, and industrial applications. Marketed under the Fortune brand as the Fortune Strura line, these products offer cost-effective structural alternatives with up to 15% cost savings versus conventional structural sections for enterprise buyers in construction and industrial manufacturing.
• Fortune Strip Cold-rolled and hot-rolled steel strips manufactured in widths from 100mm to 355mm and thicknesses from 1mm to 3.20mm. Supplied for various industrial applications to downstream manufacturing customers in India and export markets.
• Fortune Solar MMS Solar Module Mounting Structures (MMS) including Ground-Based MMS, Roof-Top MMS, Seasonal Tilt Structures, and Tracker System structures for solar power plants. Designed per MNRE standards with hot-dip galvanizing (80-120 micron coating) for 25-year durability, providing a turnkey design-fabrication-galvanization-installation scope for solar EPC contractors and renewable energy developers.

Quantifiable outcome

• 100-200% higher bond strength than MS plain bars
• +5 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Steel Authority of India (SAIL)coreOthersFortune Group operates as a Conversion Agent of Steel Authority of India (SAIL), sourcing raw material (Hot Rolled Coils) from SAIL's state-of-the-art Hot Strip Mill for manufacturing steel pipes and hollow sections.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Shyam Steel: Mid-sized Indian manufacturer focused on TMT bars and structural steel products for construction and infrastructure. Highly comparable in product mix (rebar, structural steel) and target customer base (construction developers and infrastructure EPCs) to Fortune Group.
• APL Apollo Tubes: India's largest manufacturer of structural steel tubes and pipes (HFIW and other welded tubes). Closely aligned with Fortune's steel pipes/tubes and hollow sections product line and construction customer base.
• Kamdhenu Limited: Indian manufacturer and marketer of TMT bars, structural steel and roofing products. Directly comparable to Fortune Group in rebar and structural steel offerings for construction and infrastructure markets.
• Surya Roshni: Indian manufacturer of steel pipes and tubes (GI, MS Black, hollow sections) alongside lighting products. Direct peer to Fortune's steel pipes and tubes business with similar manufacturing technology (HFIW) and customer segments.

Broad incumbents

• JSW Steel: One of India's largest steel producers offering long products including TMT bars under the JSW NeoSteel brand. Directly competitive with Fortune Group in the TMT rebar market but with integrated steelmaking scale advantages.
• Steel Authority of India Limited (SAIL): India's largest state-owned steel producer with extensive long products portfolio. Competes with Fortune Group in TMT bars and structural steel, and is simultaneously a key raw material supplier (Hot Rolled Coils) to Fortune's pipes business.
• Jindal Steel & Power: Large Indian integrated steel producer with significant long products (rebar, structural) and plate offerings. Competes with Fortune Group in TMT and structural steel but at much larger scale and with backward integration into iron ore.
• Tata Steel: India's largest private-sector integrated steel producer with extensive long products portfolio (TMT rebar, structurals, wire rod). Competes broadly with Fortune Group across construction and infrastructure customers but at vastly larger scale and with vertical integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/FortuneTmt
• Facebookfacebook.com/FortuneTMTBars
• LinkedInlinkedin.com/company/fortune-metaliks-limited

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fortune Group