Future Retail Profile
Key Indicators
- Authorised Capital ₹ 2,500.00 Cr
- Paid Up Capital ₹ 108.46 Cr
- Company Age 18 Year, 23 Days
- Last Filing with ROC 31 Mar 2021
- Open Charges ₹ 19,979.56 Cr
- Satisfied Charges ₹ 6,656.86 Cr
- Revenue Growth -68.13%
- Profit Growth -9497.25%
- Ebitda -128.51%
- Net Worth -71.98%
- Total Assets -11.25%
About Future Retail
Future Retail Limited (FRL) is Under Cirp company established on 07 Feb 2007 with its office registered at Mumbai, Maharashtra, India and has been running since 18 Year, 23 Days with a paid up capital of 108.46 Cr. According to MCA records, 3 Directors are linked to this company as of 17 Jan 2025.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Consumer Services
What products or services does Future Retail Limited offer?
Future Retail Limited offers a wide range of products and services, including Vending Machines & Dispensers, Mini Coffee Makers, Machines & Equipments, Industrial Washing Machine, Domestic Refrigerator, Under Counter Refrigerator, Filter Coffee Maker, Marketing Services & Consultants, Marketing Services, Dishwasher.
Who are the key members and board of directors at Future Retail?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kishore Biyani  | Director | 30-Apr-2016 | Current |
| Nishi Bhandari | Additional Director | 21-Jul-2023 | Current |
| Priyanka Agarwal | Additional Director | 21-Jul-2023 | Current |
Financial Performance of Future Retail.
Future Retail Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 68.13% decrease. The company also saw a substantial fall in profitability, with a 9497.25% decrease in profit. The company's net worth observed a substantial decline by a decrease of 71.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Future Retail?
In 2021, Future Retail had a promoter holding of 20.57% and a public holding of 79.43%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Haryana Global LimitedPriyanka Agarwal is a mutual person
Marvel LimitedPriyanka Agarwal is a mutual person
Nitco LimitedPriyanka Agarwal is a mutual person
Anveshak Trade Enterprises LlpKishore Biyani is a mutual person
- One India Capital Advisors Llp
Kishore Biyani is a mutual person
- Klb Capital Advisors Llp
Kishore Biyani is a mutual person
Charges (Loans)
Open Charges
₹19,979.56 Cr
Satisfied Charges
₹6,656.86 Cr
Charges Breakdown by Lending Institutions
- Others : 13197.21 Cr
- Bank Of India : 5750.00 Cr
- Idbi Trusteeship Services Limited : 500.00 Cr
- Uco Bank : 213.91 Cr
- Indian Bank : 207.90 Cr
- Others : 110.55 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2021 | Others | ₹5,866.37 Cr | Open |
| 26 Apr 2021 | Others | ₹630.00 Cr | Open |
| 29 Sep 2020 | Uco Bank | ₹7.41 Cr | Open |
| 03 Sep 2020 | Others | ₹200.00 Cr | Open |
| 29 Aug 2020 | Others | ₹30.70 Cr | Open |
How Many Employees Work at Future Retail?
Future Retail has a workforce of 24 employees as of Mar 25, 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 Future Retail, 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 Future Retail'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 Future Retail
Recent activity within the organization
- Charges
A charge with Others of Rs. 5,866.37 Cr registered on 26 Apr 2021 with Charge ID 100438276 was modified on 12 Jun 2024.
- Charges
A charge with Others of Rs. 150.00 Cr registered on 27 Feb 2019 with Charge ID 100243450 was modified on 12 Jun 2024.
- Director Appointment
Nishi Bhandari was appointed as a Additional Director was appointed as a Additional Director on 21 Jul 2023 & has been associated with this company since 1 year 7 months .
- Director Appointment
Priyanka Agarwal was appointed as a Additional Director was appointed as a Additional Director on 21 Jul 2023 & has been associated with this company since 1 year 7 months .
- Charges
A charge with Others of Rs. 265.00 Cr registered on 28 Sep 2018 with Charge ID 100209028 was modified on 16 Dec 2022.
- Annual General Meeting
Future Retail Limited last Annual general meeting of members was held on 28 Sep 2021 as per latest MCA records.
Recent News, Updates & Announcement
- Future Retail buys Heritage Foods’s retail business.
Heritage Foods, whose retail wing includes a chain of 124 Heritage Fresh stores in Hyderabad, Bengaluru and Chennai, to get a 3.65% stake worth Rs295 crore in Future Retail.
- Future Retail's Deal with Reliance Industries Falls Through as Lenders Reject Offer and Criticize Resolution Process.
When you think you have a chance to get a good deal for Future Retail, but then the lenders reject it and say it's a waste of time. The resolution professional wanted to restart the process, but the lenders said no. They think the offer is too low and the whole process is messed up. HDFC Bank also complained about the RP not doing his job properly. Looks like the deal with Reliance Industries is not happening anymore..
Frequently asked questions
What is the Incorporation or founding date of Future Retail Limited?
Future Retail Limited was incorporated on 07 Feb 2007.
What is authorized share capital and paid-up capital of Future Retail Limited?
The authorized share capital of Future Retail Limited is ₹ 2,500.00 Cr and paid-up capital is ₹ 108.46 Cr.
Who are the current board members & directors of Future Retail Limited?
Currently 3 directors are associated with Future Retail Limited.
- Kishore Laxminarayan Biyani
- Nishi Bhandari
- Priyanka Agarwal
What is the registered address of Future Retail Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Future Retail Limited is 2Nd Floor Future Group Office Sobo Brand Factory Pt. Madan Mohan Malviya Marg Cross Road Haitardeo, India, Mumbai, Maharashtra, 400034.
What is the corporate identification number (CIN) and company number of Future Retail Limited?
The corporate identification number (CIN) of Future Retail Limited is L51909MH2007PLC268269 and the company number is 268269 as per Ministry of Corporate Affairs (MCA).
Is Future Retail Limited registered with any stock exchange in India?
Yes, Future Retail Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): FRETAIL.
What is the official website of Future Retail Limited?
The Official website of Future Retail Limited is https://www.futureretail.co.in
What has been the recent revenue trend for Future Retail Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Future Retail Limited has fallen by -68.13%.
How many employees does Future Retail Limited currently have?
As Per 2021 financial reports, 24 employees are currently employed by Future Retail Limited.
What change has been observed in the net worth of Future Retail Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Future Retail Limited has experienced an downturn of -71.98%.
What are the total open charges for Future Retail Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Future Retail Limited amount to ₹ 19,979.56 Cr.
When was the last Balance Sheet of Future Retail Limited filed with the ROC?
The most recent Balance Sheet for Future Retail Limited was filed with the ROC on 31 Mar 2021.
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