Futura Travels Profile
Key Indicators
- Authorised Capital ₹ 22.00 Cr
- Paid Up Capital ₹ 21.35 Cr
- Company Age 34 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 150.46 Cr
- Revenue Growth -48.43%
- Profit Growth -11180.51%
- Ebitda -1263.35%
- Net Worth -139.96%
- Total Assets -12.17%
About Futura Travels
Futura Travels Limited (FTL) is a Public Limited Indian Non-Government Company incorporated in India on 18 May 1990 and has a history of 34 years and nine months. Its registered office is in Mumbai, Maharashtra, 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 22.00 Cr and a paid-up capital of Rs 21.35 Cr.
The company has closed loans amounting to ₹150.46 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Futura Travels Limited India are Suresh Sundaram as CFO and Vikas Gangwal as Company Secretary. Manishkumar Kedia, Jitender Sehrawat, Babu Shetty, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U63040MH1990PLC056592
- Company No.
056592
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 May 1990
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Transport and Logistics
Who are the key members and board of directors at Futura Travels?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Suresh Sundaram  | CFO | Current | |
| Vikas Gangwal | Company Secretary | 16-Aug-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manishkumar Kedia | Director | 12-Oct-2012 | Current |
| Jitender Sehrawat | Director | 30-Oct-2013 | Current |
| Babu Shetty | Additional Director | 18-Jan-2024 | Current |
Financial Performance of Futura Travels.
Futura Travels Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 48.43% decrease. The company also saw a substantial fall in profitability, with a 11180.51% decrease in profit. The company's net worth observed a substantial decline by a decrease of 139.96%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Futura Travels?
In 2022, Futura Travels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Essar Advisory Services Limited
Manishkumar Kedia and Suresh Sundaram are mutual person
- Niwas Residential & Commercial Properties Private Limited
Jitender Sehrawat is a mutual person
- Essar Steel Metal Trading Limited
Vikas Gangwal is a mutual person
Neelakshi Multitrade Private LimitedJitender Sehrawat is a mutual person
- Specialised Air Technologies Private Limited
Suresh Sundaram is a mutual person
- Abhinand Ventures Private Limited
Suresh Sundaram is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹150.46 Cr
Charges Breakdown by Lending Institutions
- Il&Fs Financial Services Limited : 82.00 Cr
- Infrastructure Leasing And Financial Services Limited : 60.72 Cr
- Axis Bank Limited : 5.00 Cr
- Dena Bank : 1.00 Cr
- Punjab National Bank : 0.81 Cr
- Others : 0.93 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2015 | Il&Fs Financial Services Limited | ₹25.00 Cr | Satisfied |
| 29 Mar 2014 | Il&Fs Financial Services Limited | ₹32.00 Cr | Satisfied |
| 12 Jul 2013 | Il&Fs Financial Services Limited | ₹25.00 Cr | Satisfied |
| 16 Jan 2009 | Axis Bank Limited | ₹5.00 Cr | Satisfied |
| 16 Jun 2006 | Bank Of India | ₹8.00 M | Satisfied |
How Many Employees Work at Futura Travels?
Futura Travels has a workforce of 22 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Futura Travels, 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 Futura Travels's trajectory.
Rating
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
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 Futura Travels
Recent activity within the organization
- Director Appointment
Babu Raghunath Shetty was appointed as a Additional Director was appointed as a Additional Director on 18 Jan 2024 & has been associated with this company since 1 year 1 month .
- Annual General Meeting
Futura Travels Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Director Appointment
Vikas Kumar Rajendra Kumar Gangwal was appointed as a Company Secretary was appointed as a Company Secretary on 16 Aug 2023 & has been associated with this company since 1 year 6 months .
- Balance Sheet
Futura Travels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 16 Jan 2009 via Charge ID 10141488 with Axis Bank Limited was fully satisfied on 28 Jun 2018.
- Charges
A charge registered on 28 Oct 2015 via Charge ID 10608803 with Il&Fs Financial Services Limited was fully satisfied on 19 Jul 2017.
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Frequently asked questions
What is the Incorporation or founding date of Futura Travels Limited?
Futura Travels Limited was incorporated on 18 May 1990.
What is authorized share capital and paid-up capital of Futura Travels Limited?
The authorized share capital of Futura Travels Limited is ₹ 22.00 Cr and paid-up capital is ₹ 21.35 Cr.
Who are the current board members & directors of Futura Travels Limited?
Currently 6 directors are associated with Futura Travels Limited.
- Suresh Sundaram
- Manishkumar Satyanarayan Kedia
- Jitender Singh Sehrawat
- Babu Raghunath Shetty
- Vikas Kumar Rajendra Kumar Gangwal
- Suresh Sundaram
What is the registered address of Futura Travels Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Futura Travels Limited is Essar House 11-Keshavrao Khadge Road, Mahalaxmi. India, Mumbai, Maharashtra, 400034.
What is the corporate identification number (CIN) and company number of Futura Travels Limited?
The corporate identification number (CIN) of Futura Travels Limited is U63040MH1990PLC056592 and the company number is 056592 as per Ministry of Corporate Affairs (MCA).
What is the official website of Futura Travels Limited?
The Official website of Futura Travels Limited is https://www.essar.com
What has been the recent revenue trend for Futura Travels Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Futura Travels Limited has fallen by -48.43%.
How many employees does Futura Travels Limited currently have?
As Per 2022 financial reports, 22 employees are currently employed by Futura Travels Limited.
What change has been observed in the net worth of Futura Travels Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Futura Travels Limited has experienced an downturn of -139.96%.
When was the last Balance Sheet of Futura Travels Limited filed with the ROC?
The most recent Balance Sheet for Futura Travels Limited was filed with the ROC on 31 Mar 2023.
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