About Futemind Technologies Private Limited
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Futemind Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015PTC083280. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10.33 Lakh. It is led by directors including Subrat Kumar Parida (Managing Director) and Shejil Balakrishnan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹6.58 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹42.46 Lakh (net margin 6.5%) and EBITDA of ₹82.09 Lakh (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 503% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Racetrack. Court records list 26 cases involving the company, including 26 filed against it; 3 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.71 Cr; the latest was in May 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website racetrack.ai.
Company details
Contact details
Futemind Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is racetrack.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBldg No. 75/1B 'Windsor F4' Hulimavu Bannerghatta Main Road Opp To Meenakshi, Temple, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Futemind Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Futemind Technologies operates one associated brand: Racetrack. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an AI-driven suite for sales enablement applications. | racetrack.ai |
Business activity
The main business activity of Futemind Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Futemind Technologies Private Limited, buy the company report.
Financials of Futemind Technologies Private Limited
FY 2019 filings availableFutemind Technologies Private Limited reported revenue of ₹6.58 Cr (up 233% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 503% over three years, including 233% growth in the latest year. EBITDA rose 472% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹6.58 Cr | |||
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| Total Revenue | ||||
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| Total Expenses | ||||
| EBITDA | ₹82.09 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹42.46 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 12.5% | |||
| Net Profit Margin | 6.5% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Futemind Technologies Private Limited, buy the company report.
Board of directors of Futemind Technologies Private Limited
Futemind Technologies has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shejil Balakrishnan | Director | 09 Oct 2015 | 11 Years 0 Months | Current |
| Subrat Kumar Parida | Managing Director | 16 Jan 2017 | 9 Years 9 Months | Current |
| Ambika Prasad Senapati | Additional Director | 25 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Futemind Technologies Private Limited is audited by G Y Surendra for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G Y Surendra | FY 2019 | 215903 |
Shareholding
The shareholding of Futemind Technologies Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Futemind Technologies Private Limited, buy the company report.
Deals & funding
Futemind Technologies Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.71 Cr; the latest was in May 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Funding round · Seed | ₹11.65 Cr | Investors: SMK Family Private Trust, 3 individuals |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| May 2017 | Funding round | ₹47.5 Lakh | Investors: 2 individuals |
| Mar 2017 | Funding round | ₹1.51 Cr | Investors: 4 individuals |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Futemind Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Futemind Technologies Private Limited has 26 court cases on record: 26 filed against it. 3 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 26 | 3 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Windsor Gardens Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Windsor Gardens Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (SPL.C) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by The Registrar of Companies, Karnataka | Disposed |
To see the full case history of Futemind Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Futemind Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Futemind Technologies Private Limited has a workforce of 26 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Futemind Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Futemind Technologies Private Limited, buy the company report.
Recent activity
Futemind Technologies Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Ambika Prasad Senapati ceased to be Additional Director on 19 Jul 2021.
News
Frequently asked questions
Futemind Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 09 October 2015 (11+ years old) and is registered under CIN U72900KA2015PTC083280.
Futemind Technologies has 3 current directors:
- Subrat Kumar Parida - Managing Director
- Shejil Balakrishnan - Director
- Ambika Prasad Senapati - Additional Director
The latest financial statements of Futemind Technologies on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Futemind Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Futemind Technologies is U72900KA2015PTC083280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Futemind Technologies has 26 court cases on record: 26 filed against it. 3 are pending.
Futemind Technologies was incorporated on 09 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Futemind Technologies has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.71 Cr; the latest was in May 2018.
Ambika Prasad Senapati ceased to be Additional Director on 19 Jul 2021. Sweta Prabha Mahapatra ceased to be Additional Director on 17 Dec 2019. Ambika Prasad Senapati was appointed as Additional Director on 25 Oct 2019. Futemind Technologies has 9 board changes on record in total.
Futemind Technologies can be reached through the website racetrack.ai. Its registered office is in Bangalore, Karnataka, India.