Formula Next Express Private Limited

Provides transportation and courier services through various modes for diverse clientele.

2010 | Kolkata, West Bengal (India) | Active
Last Updated: January 25, 2025

Formula Next Express Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 14 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 0.18 M
  • Revenue Growth 101.22%
  • Profit Growth 69.17%
  • Ebitda 118.65%
  • Net Worth 92.94%
  • Total Assets 97.91%

About Formula Next Express

Formula Next Express Private Limited (FNEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 August 2010 and has a history of 14 years and six months. Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Transport And Logistics Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹0.18 M.

Sheikh Azim and Rizwana Azim serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    formulanext.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U64120WB2010PTC152319

  • Company No.

    152319

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Aug 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Transport and Logistics

Who are the key members and board of directors at Formula Next Express?

Board Members (2)

Name Designation Appointment Date Status
Sheikh Azim Country flag representing In Director 16-Aug-2010 Current
Rizwana Azim Country flag representing In Director 09-Aug-2021 Current

Financial Performance of Formula Next Express.

Formula Next Express Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 101.22% increase. The company also saw a substantial improvement in profitability, with a 69.17% increase in profit. The company's net worth Soared by an impressive increase of 92.94%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
101.22%
Revenue from Operations
Total Assets
97.91%
Profit or Loss
69.17%
Net Worth
92.94%
EBITDA
118.65%

What is the Ownership and Shareholding Structure of Formula Next Express?

Unlock access to Formula Next Express's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.18 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.02 Cr

Latest Charge Details

Date Lender Amount Status
31 Jan 2024 Others ₹0.18 M Open

How Many Employees Work at Formula Next Express?

Unlock and access historical data on people associated with Formula Next Express, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Formula Next Express, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Formula Next Express's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Formula Next Express

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.18 M with Charge ID 100871605 was registered on 31 Jan 2024.

    31 Jan 2024

  • Annual General Meeting

    Formula Next Express Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Formula Next Express Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Director Appointment

    Rizwana Raffat Azim was appointed as a Director was appointed as a Director on 09 Aug 2021 & has been associated with this company since 3 years 6 months .

    09 Aug 2021

  • Director Appointment

    Sheikh Ansarul Azim was appointed as a Director was appointed as a Director on 16 Aug 2010 & has been associated with this company since 14 years 6 months .

    16 Aug 2010

  • Company Incorporation

    Formula Next Express Private Limited was registered on 16 Aug 2010 with Roc Kolkata & aged 14 years 6 months as per MCA records.

    16 Aug 2010

Frequently asked questions

  • Formula Next Express Private Limited was incorporated on 16 Aug 2010.

  • The authorized share capital of Formula Next Express Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Formula Next Express Private Limited.

    • Sheikh Ansarul Azim
    • Rizwana Raffat Azim
  • As per Ministry of Corporate Affairs (Mca), the registered address of Formula Next Express Private Limited is 16B Shakespeare Sarani, Ground Floor B. K. Market India, Kolkata, West Bengal, 700071.

  • The corporate identification number (CIN) of Formula Next Express Private Limited is U64120WB2010PTC152319 and the company number is 152319 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Formula Next Express Private Limited is https://www.formulanext.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Formula Next Express Private Limited has risen by 101.22%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Formula Next Express Private Limited has experienced an upsurge of 92.94%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Formula Next Express Private Limited amount to ₹ 0.18 M.

  • The most recent Balance Sheet for Formula Next Express Private Limited was filed with the ROC on 31 Mar 2023.

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