About Future Financial Servicess Private Limited
Data last updated:
Future Financial Servicess Private Limited was a private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Indium Iv (Mauritius) Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 14 October 1996.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65910KA1996PTC077857. The company has 6 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹11.91 Cr. It was led by directors including Dasarathareddy Gunnamreddy and Keyur Gopalbhai Doshi.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 17/1 Gra Tower Ambalipura Main Road Off Sarjapur Road Agara Post, Bengaluru, Karnataka, India – 560103.
As per the financials filed for FY 2016, the company reported a revenue of ₹152.55 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net profit of ₹27.14 Cr (net margin 17.8%) and EBITDA of ₹106.28 Cr (EBITDA margin 69.7%).
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Future Financial Services and Future Financial Servicess. As per MCA filings, the company had satisfied charges of ₹1,030.21 Cr on record. The company has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹115.9 Cr; the latest was in July 2015. Its 10 peer companies in the BFSI industry (Micro Finance, NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is Margadarsi Chits (Karnataka) Private Limited with revenue of ₹176.98 Cr.
The last known website on record is future.ifapl.com.
Company details
CIN history
Future Financial Servicess has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65910KA1996PTC077857, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910KA1996PTC077857 | Current |
| U65910AP1996PLC025470 | Previous |
| U65910KA1996PLC077857 | Previous |
| U65910AP1996PTC025470 | Previous |
Contact details
Future Financial Servicess Private Limited's registered office is in Bengaluru, Karnataka. Its website is future.ifapl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address17/1 Gra Tower Ambalipura Main Road Off Sarjapur Road Agara Post, Bengaluru, Karnataka, India – 560103
- IndustryFinancial Services, NBFC, Microfinance Institutions
To see the full contact details of Future Financial Servicess 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
Future Financial Servicess operates two associated brands: Future Financial Services and Future Financial Servicess. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microfinance services are offered in South India. | future.ifapl.com | |
| Provider of financial services | ffslmfi.com |
Business activity
The main business activity of Future Financial Servicess is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Future Financial Servicess Private Limited, buy the company report.
Financials of Future Financial Servicess Private Limited
FY 2016 filings availableFuture Financial Servicess Private Limited reported revenue of ₹152.55 Cr (up 116% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 116% in the latest year. EBITDA rose 156% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹152.55 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹106.28 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹27.14 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 69.7% | |
| Net Profit Margin | 17.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Future Financial Servicess Private Limited, buy the company report.
Board of directors of Future Financial Servicess Private Limited
Future Financial Servicess has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dasarathareddy Gunnamreddy Also directs: Enablistar Private Limited | Director | 25 Jan 2007 | 19 Years 9 Months | As last reported |
| Govindasamy Sampathkumar | Nominee Director | 24 Sep 2015 | 11 Years 1 Months | As last reported |
| Keyur Gopalbhai Doshi | Director | 16 Oct 2015 | 11 Years 0 Months | As last reported |
| Peravali Satyanarayana | Director | 27 Oct 2015 | 11 Years 0 Months | As last reported |
| Nandini Jashwantlal Parekh Also directs: Tushar Shridharani & Associates LLP, Neesh Technohub LLP, Agru Plastic Technology Private Limited and 5 more | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Future Financial Servicess Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance, NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Margadarsi Chits (Karnataka) Private Limited | ₹176.98 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Turquoise Investments and Finance Private Limited | ₹172.52 Cr (FY 2018) | -48.0% | Mumbai, Maharashtra, India | |||
| Diwakar Finvest Private Limited | ₹170.43 Cr (FY 2020) | 595015.0% | Kolkata, West Bengal, India | |||
| Repco Micro Finance Limited | ₹162.49 Cr (FY 2022) | -8.0% | Chennai, Tamil Nadu, India | |||
| Signet Capital Private Limited | ₹156.76 Cr (FY 2022) | -42.0% | Mumbai, Maharashtra, India | |||
| Future Financial Servicess Private Limitedthis company | ₹152.55 Cr (FY 2016) | ₹27.14 Cr | 17.8% | 116.0% | 1 | Bengaluru, Karnataka, India |
| Mini Muthoottu Nidhi Kerala Limited | ₹146.79 Cr (FY 2024) | 0.0% | Pathanamthitta, Kerala, India | |||
| Tusk Investments Limited | ₹141.78 Cr (FY 2024) | 551.0% | Kolkata, West Bengal, India | |||
| Magma Itl Finance Limited | ₹137.83 Cr (FY 2017) | 10.0% | Kolkata, West Bengal, India | |||
| Anmol Commerce Pvt Ltd | ₹136.21 Cr (FY 2025) | 6460.0% | Kolkata, West Bengal, India | |||
| FDPL Finance Private Limited | ₹132.7 Cr (FY 2025) | 2271.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Future Financial Servicess Private Limited, buy the company report.
Auditor
Future Financial Servicess Private Limited is audited by WalkerChandiok&Co LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WalkerChandiok&Co LLP | FY 2016 | 001076N |
Shareholding
The shareholding of Future Financial Servicess Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Future Financial Servicess Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2016 | 100036092 | Others | ₹30 Cr | Satisfied | |
| 23 Feb 2016 | 10621446 | Kotak Mahindra Bank Limited | ₹15 Cr | Satisfied | |
| 05 Feb 2016 | 10620969 | Idbi Bank Limited | ₹25 Cr | Satisfied | |
| 30 Jan 2016 | 10620302 | Dcb Bank Limited | ₹10 Cr | Satisfied | |
| 02 Jan 2016 | 10612321 | State Bank of Hyderabad | ₹15 Cr | Satisfied |
To see the full charge records of Future Financial Servicess Private Limited, buy the company report.
Total charge records: 80 View all charges
Deals & funding
Future Financial Servicess Private Limited has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹115.9 Cr; the latest was in July 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2011 | Funding round | ₹31.2 Lakh | Investors: True North |
| Sep 2010 | Funding round | ₹30 Cr | Investors: True North |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Others Future Financial Services Ltd, an individual |
| Jun 2008 | Funding round | ₹15 Cr | Investors: Acts Mahila Mutually Aided Co-Operative Thrift Society, Action Fro Community Service Society |
| Jun 2008 | Funding round | ₹3.94 Cr | Investors: Acts Mahila Mutually Aided Co-Operative Thrift Society, Others Future Financial Services Ltd, 2 individuals |
To see the full deal history of Future Financial Servicess 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
No court or tribunal cases involving Future Financial Servicess Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Financial Servicess Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Future Financial Servicess has 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
Employees & EPFO
Future Financial Servicess Private Limited has a workforce of 1 employees on its EPFO records as of May 09, 2024, across 1 active EPFO establishment.
GST
Future Financial Servicess has 6 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Future Financial Servicess Private Limited, buy the company report.
Recent activity
Future Financial Servicess Private Limited has 26 board changes on record since 2007: 5 appointments and 21 cessations. The latest: Dasarathareddy Gunnamreddy ceased to be Managing Director on 06 Jun 2017.
195 earlier events are in the company report.
Frequently asked questions
Future Financial Servicess has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Future Financial Servicess was a private limited company based in Bengaluru, Karnataka, India. The company worked in nbfc, within the financial services industry. It was incorporated on 14 October 1996 and is registered under CIN U65910KA1996PTC077857. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Future Financial Servicess was incorporated on 14 October 1996. It is registered with the Registrar of Companies, Bangalore.
Future Financial Servicess had 5 directors:
- Dasarathareddy Gunnamreddy - Director
- Govindasamy Sampathkumar - Nominee Director
- Keyur Gopalbhai Doshi - Director
- Peravali Satyanarayana - Director
- Nandini Jashwantlal Parekh - Director
The CIN (Corporate Identification Number) of Future Financial Servicess is U65910KA1996PTC077857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Future Financial Servicess is at 171 Gra Tower Ambalipura Main Road Off Sarjapur Road Agara Post, Bengaluru, Karnataka, India – 560103.
Future Financial Servicess can be reached through the website future.ifapl.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Future Financial Servicess on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
No. Future Financial Servicess has 6 GST registrations on record and all of them are cancelled or inactive.
Future Financial Servicess operated in the financial services industry, in the nbfc segment.
Future Financial Servicess has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹115.9 Cr; the latest was in July 2015.
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