About Future Financial Services
Future Financial Services is a Financial Services company based in Chittoor (India) founded in 2007, and was acquired by Fincare Small Finance Bank in October 2016. Microfinance services are offered in South India. The company has 1 employees. Its Indian entity Future Financial Servicess Private Limited reported revenue of ₹153 Cr. Its focus areas include Microfinance, Microcredit and Sustainability Tech.
Company details
Future Financial Services was established in 2007 and operates within the microfinance sector. Based in Chittoor, India, the company focuses on providing financial services to underserved communities across South India. Operations include small-scale lending and support for local economic activities. The domain future.ifapl.com serves as the online presence for these activities, with emphasis placed on regional accessibility and compliance with financial regulations.
- Headquarters Chittoor, India
- Employees 1
- Stage Acquired
- SectorsFinancial Services
- Website future.ifapl.com
- Acquired by Fincare Small Finance Bank (Oct 2016)
- Legal Name Future Financial Servicess Private Limited
- Date of Incorporation 14 Oct, 1996
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹153 Cr
FY 2016 · +116% YoY
- Net Profit₹27.14 Cr
FY 2016 · 18% margin
- EBITDA₹106 Cr
FY 2016 · 70% margin
- Investors
- Employee Count1
- Acquired byFincare Small Finance Bank
(Oct 2016)
Associated legal entities of Future Financial Services
Future Financial Services operates through Future Financial Servicess Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Future Financial Servicess Private Limited CIN U65910KA1996PTC077857 | Amalgamated | 14 Oct 1996 | Bengaluru, Karnataka | ₹153 Cr | 1 | 5 | View details |
Investors in Future Financial Services
Future Financial Services has secured backing from 1 investor. Prominent investors backing the company include Fincare Small Finance Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Micro-finance bank | 2007 | fincarebank.com | Bengaluru, India |
Investor details for Future Financial Services
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- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Future Financial Servicess Private Limited (Future Financial Services)
Future Financial Servicess Private Limited is the primary company behind Future Financial Services. The board of Future Financial Servicess Private Limited currently have 5 directors; the longest-serving is Dasarathareddy Gunnamreddy, appointed in 2007. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dasarathareddy Gunnamreddy DIN 01760054 | Director | 25 Jan 2007 | 19 yrs 9 mo | Future Financial Servicess Private Limited |
| Nandini Jashwantlal Parekh DIN 01158198 | Director | 31 Mar 2015 | 11 yrs 7 mo | Future Financial Servicess Private Limited |
| Govindasamy Sampathkumar DIN 03020254 | Nominee Director | 24 Sep 2015 | 11 yrs 1 mo | Future Financial Servicess Private Limited |
| Keyur Gopalbhai Doshi DIN 00157711 | Director | 16 Oct 2015 | 11 yrs | Future Financial Servicess Private Limited |
| Peravali Satyanarayana DIN 02213238 | Director | 27 Oct 2015 | 11 yrs | Future Financial Servicess Private Limited |
Financials of Future Financial Services
Figures of Future Financial Servicess Private Limited, the primary company behind Future Financial Services, for FY 2016. Revenue was ₹153 Cr (+116% year on year). Net profit was ₹27.14 Cr (18% margin). EBITDA was ₹106 Cr (70% margin).
- ₹153 CrRevenue · FY 2016 · +116% YoY
- ₹27.14 CrNet profit · 18% margin
- ₹106 CrEBITDA · 70% margin
- ₹11.91 CrPaid-up capital
- 1Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Future Financial Servicess Private Limited are on its company page.
Detailed financial statements for Future Financial Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Future Financial Services
2 dated milestones of Future Financial Services across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Future Financial Services is founded.
- Exit Acquired by Fincare Small Finance Bank.
Top companies in Microfinance
3 companies that operate in the same segment as Future Financial Services (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Future Financial Services
Future Financial Services was founded in 2007.
Future Financial Services is headquartered in Chittoor, India. It is registered at Chittoor, Andhra Pradesh, India.
Future Financial Services has 1 employees.
The primary company behind Future Financial Services, Future Financial Servicess Private Limited, reported revenue of ₹153 Cr for FY 2016, up 116% year on year.
Future Financial Services was established in 2007 and operates within the microfinance sector. Based in Chittoor, India, the company focuses on providing financial services to underserved communities across South India. Operations include small-scale lending and support for local economic activities. The domain future.ifapl.com serves as the online presence for these activities, with emphasis placed on regional accessibility and compliance with financial regulations.
Future Financial Services has 1 investor. Key investors include Fincare Small Finance Bank.
Future Financial Services operates through Future Financial Servicess Private Limited.
Yes. Future Financial Services was acquired by Fincare Small Finance Bank in October 2016.
The legal entities of Future Financial Services currently have 5 directors, including Dasarathareddy Gunnamreddy, Govindasamy Sampathkumar, Keyur Gopalbhai Doshi and others.