FEL India

Mumbai, India Founded: 1987 • Age: 39 yrs Listed
Logistics and supply chain management services are provided by FEL.

About FEL India

FEL India is a publicly listed company based in Mumbai (India) founded in 1987. Logistics and supply chain management services are provided by FEL. It operates on a Reseller / Distribution and Brokerage / Intermediation model in Transportation, Automotive & Logistics, Financial Services, and Technology sectors. The company has 750 employees. FEL India has completed 2 acquisitions, including LivQuik and Quikwallet. Its Indian entity Future Enterprises Limited reported revenue of ₹1,020 Cr. FEL India offers products and services including Future Supply Chain, Future Generali India Insurance, Future Media, and Work Stores. Its focus areas include Retail, Supply Chain, Logistics and Finance.

Company details

FEL India, operating as Future Enterprises Limited, is involved in multiple sectors including retail, logistics, insurance, and media. Comprehensive supply chain and logistics solutions are provided through Future Supply Chain. Insurance services are offered via Future Generali India Insurance, a joint venture. Media solutions for brand-consumer engagement are delivered by Future Media. Office supplies and equipment are retailed through Work Stores. The company operates primarily in India with a focus on integrated and innovative business solutions across diverse consumption spaces.

  • Headquarters Mumbai, India
  • Employees 750
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Financial Services Technology
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website felindia.in
  • Legal Name Future Enterprises Ltd
Key Metrics
  • Market Cap
    ₹14.56 Cr

    FEL · NSE

  • Share Price
    ₹0.31

    0.00% today

  • Revenue
    ₹1,422 Cr

    FY 2020-21 · -73.5% YoY

  • EBITDA
    ₹168 Cr

    Margin 11.8%

  • Net Profit
    −₹1,206 Cr

    FY 2020-21 · -409.1% YoY

  • Debt / Equity
    1.98

    Interest cover -133.2x

  • Latest Funding Round
    $4.61M (USD), Debt – Conventional

    Nov 2017

  • Employee Count
    750
  • Investments & Acquisitions
    LivQuik

    & 1 more

Products & Services of FEL India

FEL India offers a comprehensive portfolio of products and services, including Future Supply Chain, Future Generali India Insurance, Future Media, and Work Stores.

Future Supply Chain
Logistics

End-to-end supply chain solutions are provided in India.

Future Generali India Insurance
Insurance

Insurance services are offered through a joint venture.

Future Media
Media

Media solutions are delivered for brand-consumer connections.

Work Stores
Retail

Office supplies and equipment are sold through stores.

Funding Insights of FEL India

  • Total Rounds 2
  • Last Round Debt – Conventional — $4.61M
  • First Round $7.48M

    (Oct 2016)

All 2 funding rounds of FEL India with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2017$4.61MDebt – Conventional––
–
Oct 2016$7.48MDebt – Conventional––
–

Board of directors of Future Enterprises Limited (FEL India)

Future Enterprises Limited is the primary company behind FEL India. The board of Future Enterprises Limited currently have 2 directors; the longest-serving is Kishore Laxminarayan Biyani, appointed in 1991. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kishore Laxminarayan Biyani
DIN 00005740
Director01 Jun 199135 yrs 4 moFuture Enterprises Limited
Vijay Laxminarayan Biyani
DIN 00005827
Managing Director04 May 201610 yrs 5 moFuture Enterprises Limited

IPO & Listings of FEL India

FEL India is a publicly listed company on the NSE with ticker symbol FEL in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Feb 2009
  • Listed onBSE: 570002 · NSE: FELDVR
  • Listed entityFuture Enterprises Ltd
  • Exchange sectorProcess industries
  • ISININE623B01027
  • Share price₹0.36 · 2026-10-14
  • Market capitalisation₹29.8 Cr
  • Volume (last session)378,334

Financials of FEL India

Exchange-reported figures of Future Enterprises Limited, the listed company behind FEL India (NSE: FEL).

Financial Highlights

FY 2020-21 · Consolidated
Revenue
₹1,422 Cr
-73.5% YoY
EBITDA
₹168 Cr
-86.8% YoY
Profit After Tax
−₹1,206 Cr
-409.1% YoY
Net Worth
₹2,926 Cr
-29.6% YoY
Total Assets
₹10,383 Cr
-9.4% YoY
Total Debt
₹7,169 Cr
+4.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Income statement
Revenue1,4225,3666,1735,2564,4889,34811,710
Revenue growth-73.5%-13.1%+17.5%+17.1%-52.0%-20.2%-
EBITDA1681,2651,4641,1759941,0831,124
EBITDA margin+11.8%+23.6%+23.7%+22.4%+22.1%+11.6%+9.6%
Profit before tax(1,238)(407)15464.6366.2665.20162
Net profit(1,206)(237)101(82.75)(50.77)50.7746.86
Net profit margin-84.8%-4.4%+1.6%-1.6%-1.1%+0.5%+0.4%
EPS (₹)(22.69)(6.70)2.940.140.740.813.56
Balance sheet
Total assets10,38311,46011,64210,3959,5768,88310,848
Net worth2,9264,1544,0093,8483,6973,4685,391
Total debt7,1696,8636,7175,7725,1824,9064,874
Cash & bank55.7930.02167132111127131
Net working capital3,6844961,9391,8221,7201,4993,582
Cash flow
Cash from operations(3,006)2,4581,1251,1149759811,272
Cash from investing3,588(1,775)(1,431)(1,189)(762)(1,308)(1,039)
Cash from financing(555)(816)34593.75(197)347(270)
ParticularsMar 2022Dec 2021Sep 2021Jun 2021Mar 2021Dec 2020Sep 2020Jun 2020
Revenue474590693436546459238179
Revenue growth (YoY)-13.2%+28.6%+191.4%+143.0%-30.3%---
Other income56.0227.7614.5814.526.4048.6822.37137
EBITDA(2,012)61.2746.2246.4371.5240.8320.6612.13
EBITDA margin-424.6%+10.4%+6.7%+10.6%+13.1%+8.9%+8.7%+6.8%
Depreciation147170172177171174164272
Interest193192175202207210200200
Profit before tax(2,296)(273)(286)(318)(300)(295)(321)(323)
Tax(0.03)0.000.000.00(17.89)0.000.000.00
Net profit(2,296)(273)(286)(318)(282)(295)(321)(323)
EPS (₹)(41.27)(5.48)(5.49)(5.97)(5.50)(5.51)(5.74)(5.94)
MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Income statement
Revenue1051,5148874,0434,5664,1853,782
Revenue growth-93.1%+70.7%-78.1%-11.4%+9.1%+10.7%-
EBITDA(1,365)(1,138)1261,1291,3281,064953
EBITDA margin-1305.8%-75.2%+14.2%+27.9%+29.1%+25.4%+25.2%
Profit before tax(678)(2,325)(1,068)(325)2.24(18.64)43.56
Net profit(678)(1,466)(1,142)(274)28.59(133)(74.29)
Net profit margin-648.6%-96.8%-128.8%-6.8%+0.6%-3.2%-2.0%
EPS (₹)(13.72)(47.03)(21.24)(5.84)0.49(0.25)0.92
Balance sheet
Total assets--9,1929,98611,06810,2079,473
Net worth--2,5733,6303,9583,9113,810
Total debt--6,3435,9206,4415,7315,096
Cash & bank--49.4122.9025.9137.1646.72
Net working capital--3,126(92.71)1,7951,7311,573
Cash flow
Cash from operations--(3,368)2,8261,089862782
Cash from investing--3,556(1,540)(1,271)(1,034)(664)
Cash from financing--(160)(1,297)178157(140)
ParticularsMar 2023Dec 2022Sep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021
Revenue7.8910.8623.9461.84322388514290
Revenue growth (YoY)-97.6%-97.2%-95.3%-78.7%-15.1%---
Other income1.014.440.311,0403.014.656.985.13
Total expenses1,34218.8731.6977.181,530369493259
EBITDA(1,334)(8.01)(7.75)(15.34)(1,209)18.7221.6030.82
EBITDA margin--73.8%-32.4%-24.8%-376.0%+4.8%+4.2%+10.6%
Depreciation85.8285.8085.8085.80127131133133
Interest3.384.264.503.33177172154179
Profit before tax(1,422)(93.63)(97.74)935(1,510)(280)(259)(276)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsMar 2022Dec 2021Sep 2021Jun 2021Mar 2021Dec 2020Sep 2020Jun 2020
Revenue474590693436546459238179
Revenue growth (YoY)-13.2%+28.6%+191.4%+143.0%-30.3%---
Other income56.0227.7614.5814.526.4048.6822.37137
EBITDA(2,012)61.2746.2246.4371.5240.8320.6612.13
EBITDA margin-424.6%+10.4%+6.7%+10.6%+13.1%+8.9%+8.7%+6.8%
Depreciation147170172177171174164272
Interest193192175202207210200200
Profit before tax(2,296)(273)(286)(318)(300)(295)(321)(323)
Tax(0.03)0.000.000.00(17.89)0.000.000.00
Net profit(2,296)(273)(286)(318)(282)(295)(321)(323)
EPS (₹)(41.27)(5.48)(5.49)(5.97)(5.50)(5.51)(5.74)(5.94)
ParticularsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Revenue1,4225,3666,1735,2564,4889,34811,710
Revenue growth-73.5%-13.1%+17.5%+17.1%-52.0%-20.2%-
Other income19280.9510219324962.63259
Total expenses1,2554,1004,7094,0813,4948,26510,585
Employee cost138216234180138350469
EBITDA1681,2651,4641,1759941,0831,124
EBITDA margin+11.8%+23.6%+23.7%+22.4%+22.1%+11.6%+9.6%
Depreciation7811,034816725654573542
Interest817719598578522507679
Profit before tax(1,238)(407)15464.6366.2665.20162
Tax(17.89)(37.00)(21.78)24.8911.4320.752.11
Net profit(1,206)(237)101(82.75)(50.77)50.7746.86
Net profit margin-84.8%-4.4%+1.6%-1.6%-1.1%+0.5%+0.4%
EPS (₹)(22.69)(6.70)2.940.140.740.813.56
ParticularsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Equity & liabilities
Share capital114114114114118158132
Reserves & surplus2,8124,0403,8953,7343,5773,3115,236
Shareholders' funds (net worth)2,9264,1544,0093,8483,6973,4685,391
Minority interest0.000.002792031240.0065.84
Secured loans5,2306,0046,5425,6955,0334,6114,091
Unsecured loans1,93985917676.60150295783
Total debt7,1696,8636,7175,7725,1824,9064,874
Total liabilities10,38311,46011,64210,3959,5768,88310,848
Assets
Gross block7,05811,96910,1848,7067,1996,0326,028
Net block4,7508,3567,4236,7595,9825,4224,998
Capital work in progress92.10630597585456422277
Investments1,0801,1369578651,1351,1281,622
Inventories1,0871,2071,2621,0978838693,534
Sundry debtors2,7672,296896777603505550
Cash & bank balances55.7930.02167132111127131
Loans & advances1,2481,1681,0178021,0229771,793
Total current assets5,1574,7013,3422,8092,6192,4786,007
Total current liabilities1,4734,2061,4049878999792,425
Net working capital3,6844961,9391,8221,7201,4993,582
Total assets10,38311,46011,64210,3959,5768,88310,848
ParticularsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Opening cash7.4114110283.6467.4247.37168
Net cash from operating activities(3,006)2,4581,1251,1149759811,272
Net cash from investing activities3,588(1,775)(1,431)(1,189)(762)(1,308)(1,039)
Net cash from financing activities(555)(816)34593.75(197)347(270)
Net change in cash26.83(134)39.1218.6516.2220.05(37.37)
Closing cash55.7930.02167132111127131
ParticularsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Growth
Sales growth-73.5%-13.1%+17.5%+17.1%-52.0%-20.2%-
EBITDA growth-86.8%-13.6%+24.6%+18.3%-8.3%-3.7%-
PBT growth-204.6%-+137.8%-2.5%+1.6%-59.8%+63.4%
Net income growth-409.1%-334.0%+222.3%-63.0%-200.0%+8.3%-
Revenue CAGR (3Y)-35.3%+6.1%-12.9%-23.4%-32.5%-24.0%-
EBITDA CAGR (3Y)-47.8%+8.4%+10.6%+1.5%+1.9%-21.6%-
Profitability & leverage
Net income margin-85.8%-6.9%+2.8%+0.8%+1.2%+0.5%+1.4%
Return on capital employed0.0%+3.6%+6.6%+5.4%+5.3%+6.0%+6.9%
Return on net worth0.0%-6.8%+3.4%-1.3%-0.9%+1.3%+1.2%
Debt / equity1.981.661.591.451.411.101.29
Long-term debt / equity1.281.371.461.361.310.850.84
Interest cover-133.15310.5092.11128.45153.8499.50116.56
Efficiency & per share
Fixed asset turnover0.150.500.650.660.681.552.06
Inventory turnover1.264.495.235.315.124.253.51
Debtors turnover0.573.477.387.618.1017.7323.61
EPS (₹)(22.69)(6.70)2.940.140.740.813.56
Dividend per share (₹)0.000.000.000.000.200.100.60
Book value per share (₹)58.8883.7380.9177.6977.6379.38128.42
ParticularsMar 2023Dec 2022Sep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021
Revenue7.8910.8623.9461.84322388514290
Revenue growth (YoY)-97.6%-97.2%-95.3%-78.7%-15.1%---
Other income1.014.440.311,0403.014.656.985.13
Total expenses1,34218.8731.6977.181,530369493259
EBITDA(1,334)(8.01)(7.75)(15.34)(1,209)18.7221.6030.82
EBITDA margin--73.8%-32.4%-24.8%-376.0%+4.8%+4.2%+10.6%
Depreciation85.8285.8085.8085.80127131133133
Interest3.384.264.503.33177172154179
Profit before tax(1,422)(93.63)(97.74)935(1,510)(280)(259)(276)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Revenue1051,5148874,0434,5664,1853,782
Revenue growth-93.1%+70.7%-78.1%-11.4%+9.1%+10.7%-
Other income1,04619.7613342.0527.11184231
Total expenses1,4702,6517612,9143,2383,1212,829
Employee cost0.000.0058.0610110886.7859.96
EBITDA(1,365)(1,138)1261,1291,3281,064953
EBITDA margin-1305.8%-75.2%+14.2%+27.9%+29.1%+25.4%+25.2%
Depreciation343524610861769698633
Interest15.47682717636583568508
Profit before tax(678)(2,325)(1,068)(325)2.24(18.64)43.56
Tax0.000.00(17.89)(36.86)(21.78)(6.45)0.00
Net profit(678)(1,466)(1,142)(274)28.59(133)(74.29)
Net profit margin-648.6%-96.8%-128.8%-6.8%+0.6%-3.2%-2.0%
EPS (₹)(13.72)(47.03)(21.24)(5.84)0.49(0.25)0.92
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Equity & liabilities
Share capital--98.8698.8698.7198.6794.57
Reserves & surplus--2,4753,5323,8603,8123,714
Shareholders' funds (net worth)--2,5733,6303,9583,9113,810
Secured loans--4,5075,0756,2695,6624,953
Unsecured loans--1,83584417368.75142
Total debt--6,3435,9206,4415,7315,096
Total liabilities--9,1929,98611,06810,2079,473
Assets
Gross block--6,12210,9519,6158,2856,999
Net block--4,0277,4927,0016,4395,848
Capital work in progress--92.14624522583386
Investments--1,2031,2781,1521,1211,404
Inventories--1,0841,2031,2451,087873
Sundry debtors--2,0621,520534488367
Cash & bank balances--49.4122.9025.9137.1646.72
Loans & advances--930929955755981
Total current assets--4,1263,6752,7592,3682,268
Total current liabilities--1,0003,767964637695
Net working capital--3,126(92.71)1,7951,7311,573
Total assets--9,1929,98611,06810,2079,473
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Opening cash--3.1214.6219.5634.2556.63
Net cash from operating activities--(3,368)2,8261,089862782
Net cash from investing activities--3,556(1,540)(1,271)(1,034)(664)
Net cash from financing activities--(160)(1,297)178157(140)
Net change in cash--27.58(11.50)(4.94)(14.69)(22.38)
Closing cash--49.4122.9025.9137.1646.72
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Growth
Sales growth-93.1%+70.7%-78.1%-11.4%+9.1%+10.7%-
EBITDA growth-20.0%-1002.4%-88.8%-15.0%+24.7%+11.6%-
PBT growth--117.7%-228.2%-+9998.0%-+62.6%
Net income growth+53.7%-28.3%-317.0%-1058.1%+121.5%-79.4%-
Revenue CAGR (3Y)-70.4%-30.8%-40.4%+2.3%-19.6%-27.5%-32.5%
EBITDA CAGR (3Y)---50.9%+5.8%+9.1%-1.6%-2.9%
Profitability & leverage
Net income margin-648.6%-153.6%-118.4%-7.1%+0.5%-0.3%+1.2%
Return on capital employed--0.0%+3.0%+5.6%+4.4%+4.7%
Return on net worth--0.0%-7.6%+0.7%-3.5%-2.0%
Debt / equity--1.981.631.551.401.36
Long-term debt / equity--1.261.361.421.311.27
Interest cover-0.91-41.05-148.24236.92104.45155.35158.57
Efficiency & per share
Fixed asset turnover--0.110.410.530.570.59
Inventory turnover--0.803.454.084.434.37
Debtors turnover--0.514.119.3110.1512.15
EPS (₹)(13.72)(47.03)(21.24)(5.84)0.49(0.25)0.92
Dividend per share (₹)0.000.000.000.000.000.000.20
Book value per share (₹)0.000.0052.0673.4480.2079.2780.54

Investments & Acquisitions by FEL India

FEL India has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LivQuik and Quikwallet.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Payment processing solutions for businesses
livquik.comMumbai, India2012Oct 2018$2.69M
Mobile wallet app is utilized for restaurant payments and discoveries.
quikwallet.comMumbai, India2012Oct 2018$3.4M
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Timeline of FEL India

6 dated milestones of FEL India across 31 years, from founding to its latest funding, stage changes and deals.

  1. Founded FEL India is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $7.5M.
  4. Funding Latest funding round, Debt – Conventional, of $4.6M.
  5. Acquisition Acquires Quikwallet.
  6. Acquisition Acquires LivQuik.

Web traffic of FEL India

The website of FEL India (felindia.in) receives about 3.9K visits a month.

  • Monthly visits
    3.9K

    ▲ 36.2% vs previous month

Similar websites

Websites whose visitors overlap most with FEL India. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
campusactivewear.com
100%
20.5K#970,224View details
ird.gov.lk
ird.gov.lk
72%
–

Top companies in Supply Chain Services

2 companies that operate in the same segment as FEL India (Supply Chain Services) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Sustainable supply chain solutions are delivered via asset pooling.
2013Mumbai, Maharashtra, IndiaUSD 214.47 MUSD 30.93 M246
Integrated supply chain and mobility solutions are provided globally.
2009Mumbai, Maharashtra, IndiaUSD 33.05 MUSD 745.97 M4,100
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Frequently Asked Questions about FEL India

FEL India was founded in 1987 and raised its 1st funding round 29 years after it was founded.

FEL India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

FEL India has 750 employees.

The primary company behind FEL India, Future Enterprises Limited, reported revenue of ₹1,020 Cr for FY 2021, down 71% year on year.

FEL India, operating as Future Enterprises Limited, is involved in multiple sectors including retail, logistics, insurance, and media. Comprehensive supply chain and logistics solutions are provided through Future Supply Chain. Insurance services are offered via Future Generali India Insurance, a joint venture. Media solutions for brand-consumer engagement are delivered by Future Media. Office supplies and equipment are retailed through Work Stores. The company operates primarily in India with a focus on integrated and innovative business solutions across diverse consumption spaces.

FEL India offers Future Supply Chain, Future Generali India Insurance, Future Media, and Work Stores.

Yes, FEL India is publicly traded on NSE under the ticker symbol FEL.

FEL India has made 2 acquisitions, including LivQuik, and Quikwallet.

FEL India operates through Future Enterprises Limited.

The legal entities of FEL India currently have 2 directors, including Kishore Laxminarayan Biyani, Vijay Laxminarayan Biyani.

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