About Future Corporate Resources Private Limited
Data last updated:
Future Corporate Resources Private Limited is a private limited company based in Jogeshwari East, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 01 November 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2007PTC175603. Its GSTIN is 27AALCS4222N1ZY (Maharashtra). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹86.24 Cr and a paid-up capital of ₹4.01 Cr. It was formerly known as Suhani Trading and Investment Consultants Private Limited. It is led by directors including Avil Jerome Menezes (Irp/Rp/Liquidator) and Pradeep Madhukar More.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Jogeshwari East, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹653.2 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹2,775.33 Cr (net margin -424.9%) and EBITDA of -₹2,283.05 Cr (EBITDA margin -349.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 408% over five years.
The company has about 19 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries and 2 joint ventures.
As per MCA filings, the company has open charges of ₹13,571 Cr and satisfied charges of ₹6,396.25 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 4 cases are pending.
The last known website on record is futuregroup.in.
Company details
Contact details
Future Corporate Resources Private Limited's registered office is in Jogeshwari East, Maharashtra. Its website is futuregroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Shop.No.1 Laxmi Narayan Stationary Prem Nagar, Opp. Meghwadi India, Jogeshwari East, Maharashtra, India – 400060
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Future Corporate Resources 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
Business activity
The main business activity of Future Corporate Resources is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Future Corporate Resources Private Limited, buy the company report.
Financials of Future Corporate Resources Private Limited
FY 2021 filings availableFuture Corporate Resources Private Limited reported revenue of ₹653.2 Cr (down 7% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 408%. EBITDA rose 21% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹653.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2,283.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,775.33 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -349.5% | ||||
| Net Profit Margin | -424.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Future Corporate Resources Private Limited, buy the company report.
Board of directors of Future Corporate Resources Private Limited
Future Corporate Resources has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Madhukar More | Additional Director | 06 Jul 2023 | 3 Years 4 Months | As last reported |
| Avil Jerome Menezes | Irp/Rp/Liquidator | 29 Oct 2024 | 2 Years 0 Months | As last reported |
| Rajnandan Bajrangi Paswan Also directs: Fabsin Trading and Agency Private Limited, Ryka Commercial Ventures Private Limited, Future Brands Limited and 5 more | Additional Director | 06 Oct 2023 | 3 Years 1 Months | As last reported |
Auditor
Future Corporate Resources Private Limited is audited by Bosmiya Piyush & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bosmiya Piyush & Co. | FY 2021 | 154458W |
Shareholding
The shareholding of Future Corporate Resources Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Future Corporate Resources Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2021 | 100501176 | Others | ₹25 Cr | Open | |
| 23 Jul 2021 | 100460838 | Others | ₹30 Cr | Open | |
| 05 Jun 2021 | 100454159 | Others | ₹58 Cr | Open | |
| 21 May 2021 | 100450839 | Others | ₹403.38 Cr | Open | |
| 30 Apr 2021 | 100447230 | Bank of India | ₹495.91 Cr | Open |
To see the full charge records of Future Corporate Resources Private Limited, buy the company report.
Total charge records: 100 View all charges
Legal cases
Future Corporate Resources Private Limited has 12 court cases on record: 7 filed by Future Corporate Resources, 5 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 2 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Rajasthan Skill and Livelihoods Development Corporation and Anr and 1 other | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Edel Land Ltd. and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Srei Infrastructure Finance Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Srei Infrastructure Finance Limited | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Edel Land Ltd (Formely Known As Ecap) and 1 other | Disposed |
To see the full case history of Future Corporate Resources 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.
Credit ratings & regulatory alerts
Future Corporate Resources Private Limited was last rated by Icra on 29 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Jun 2021 |
To see the full credit ratings and regulatory alerts of Future Corporate Resources Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Corporate Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Future Corporate Resources has 12 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Future Market Networks Limited | L45400MH2008PLC179914 | |
| Praxis Home Retail Limited | L52100MH2011PLC212866 | |
| Future Outdoor Media Solutions Limited | U22300MH2008PLC181041 | |
| Akar Estate & Finance Private Limited | U51100MH1992PTC341542 | |
| Rural Fairprice Wholesale Limited | U51109MH2009PLC195415 | |
| Future Lighting India Limited | U51505MH2008PLC179014 |
To see the full group structure of Future Corporate Resources Private Limited, buy the company report.
Employees & EPFO
Future Corporate Resources Private Limited has a workforce of 19 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Future Corporate Resources has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS4222N1ZY | Maharashtra | Active | 31 Oct 2017 |
| 24AALCS4222N1Z4 | Gujarat | Active | 02 Aug 2018 |
| 19AALCS4222N1ZV | West Bengal | Active | 25 Mar 2019 |
To see the full GST registrations and return filing status of Future Corporate Resources Private Limited, buy the company report.
Recent activity
Future Corporate Resources Private Limited has 20 board changes on record since 2013: 3 appointments and 17 cessations. The latest: Avil Jerome Menezes was appointed as Irp/Rp/Liquidator on 29 Oct 2024.
178 earlier events are in the company report.
News
Frequently asked questions
Future Corporate Resources is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Future Corporate Resources is a company under insolvency, formerly operating as a private limited company based in Jogeshwari East, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 01 November 2007 and is registered under CIN U74140MH2007PTC175603. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Future Corporate Resources has 3 current directors:
- Pradeep Madhukar More - Additional Director
- Rajnandan Bajrangi Paswan - Additional Director
- Avil Jerome Menezes - Irp/Rp/Liquidator
The latest financial statements of Future Corporate Resources on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Future Corporate Resources is U74140MH2007PTC175603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Future Corporate Resources has open charges of ₹13,571 Cr and satisfied charges of ₹6,396.25 Cr as per latest MCA filings.
Future Corporate Resources has 12 court cases on record: 7 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Future Corporate Resources was incorporated on 01 November 2007. It is registered with the Registrar of Companies, Mumbai.
Avil Jerome Menezes was appointed as Irp/Rp/Liquidator on 29 Oct 2024. Lynette Robert Monteiro ceased to be Additional Director on 06 Oct 2023. Rajnandan Bajrangi Paswan was appointed as Additional Director on 06 Oct 2023. Future Corporate Resources has 20 board changes on record in total.
Future Corporate Resources can be reached through the website futuregroup.in. Its registered office is in Jogeshwari East, Maharashtra, India.
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