Future Financial Servicess Private Limited

Future Financial Servicess Private Limited - financial services in Bengaluru, Karnataka, India. Directors, charges & compliance details.
CIN U65910KA1996PTC077857 Incorporated 14 October 1996 ROC Bangalore HQ Bengaluru, Karnataka, India
Merged Private Limited Company financial services
Data last updated
Revenue · FY 2016
₹152.55 Cr
▲ 116% YoY
Net profit · FY 2016
₹27.14 Cr
Net margin 17.8%
EBITDA · FY 2016
₹106.28 Cr
EBITDA margin 69.7%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹11.91 Cr
Issued & subscribed
Satisfied charges
₹1,030.21 Cr
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
1
Provident fund records

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 U65910KA1996PTC077857
Registration Number 077857
Incorporation Date 14 October 1996
ROC Bangalore
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 29 September 2016
Date of Balance Sheet 31 March 2016
Parent Company Indium Iv (Mauritius) Holdings Limited

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.

CINStatus
U65910KA1996PTC077857Current
U65910AP1996PLC025470Previous
U65910KA1996PLC077857Previous
U65910AP1996PTC025470Previous

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
  • Registered Address
    17/1 Gra Tower Ambalipura Main Road Off Sarjapur Road Agara Post, Bengaluru, Karnataka, India – 560103
  • Industry
    Financial Services, NBFC, Microfinance Institutions

To see the full contact details of Future Financial Servicess Private Limited, buy the company report.

Comprehensive company report
Future Financial Servicess Private Limited - one report that includes everything
  • 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
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Brands

Future Financial Servicess operates two associated brands: Future Financial Services and Future Financial Servicess. Each brand links to its own profile.

BrandDescriptionWebsite
Microfinance services are offered in South India.future.ifapl.com
Provider of financial servicesffslmfi.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 codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other 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 available

Future Financial Servicess Private Limited reported revenue of ₹152.55 Cr (up 116% YoY) for FY 2016.

Revenue · FY 2016
₹152.55 Cr ▲ 116%
Net profit · FY 2016
₹27.14 Cr margin 17.8%
EBITDA · FY 2016
₹106.28 Cr margin 69.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 116%
EBITDA CAGR growth
1 year
▲ 156%

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

MetricsFY 2015-16FY 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

MetricsFY 2015-16FY 2014-15
Profitability
EBITDA Margin69.7%
Net Profit Margin17.8%
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.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Dasarathareddy GunnamreddyDirector25 Jan 200719 Years 9 MonthsAs last reported
Govindasamy SampathkumarNominee Director24 Sep 201511 Years 1 MonthsAs last reported
Keyur Gopalbhai DoshiDirector16 Oct 201511 Years 0 MonthsAs last reported
Peravali SatyanarayanaDirector27 Oct 201511 Years 0 MonthsAs last reported
Nandini Jashwantlal ParekhDirector31 Mar 201511 Years 7 MonthsAs 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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 Cr17.8%116.0%1Bengaluru, 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 firmFinancial yearFirm registration number
WalkerChandiok&Co LLPFY 2016001076N

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 categoryFY 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

Open charges
None
Satisfied charges
₹1,030.21 Cr
Breakdown by lending institutions
Small Industries Development Bank of India₹139.48 Cr
Gda Trusteeship Limited₹96.00 Cr
Hdfc Bank Limited₹82.10 Cr
Idbi Bank Limited₹76.05 Cr
Icici Bank Limited₹64.10 Cr
Others₹572.49 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Mar 2016100036092Others₹30 CrSatisfied
23 Feb 201610621446Kotak Mahindra Bank Limited₹15 CrSatisfied
05 Feb 201610620969Idbi Bank Limited₹25 CrSatisfied
30 Jan 201610620302Dcb Bank Limited₹10 CrSatisfied
02 Jan 201610612321State Bank of Hyderabad₹15 CrSatisfied

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.

Total deals
12
Funding rounds
8
Secondary share transfers
4
Disclosed funding
₹115.9 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Sep 2011Funding round₹31.2 LakhInvestors: True North
Sep 2010Funding round₹30 CrInvestors: True North
Mar 2010Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Others Future Financial Services Ltd, an individual
Jun 2008Funding round₹15 CrInvestors: Acts Mahila Mutually Aided Co-Operative Thrift Society, Action Fro Community Service Society
Jun 2008Funding round₹3.94 CrInvestors: 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.

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.

1
Associated companies

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.

Employee count
1
Active EPFO establishments
1
Employee growth
-99.69%

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.

Total GSTINs
6
Cancelled / inactive
6

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.

Ceased
Dasarathareddy Gunnamreddy ceased to be Managing Director.
Charges
A charge registered on 14 Oct 2015 via Charge ID 10598615 with Gda Trusteeship Limited was fully satisfied on 27 Mar 2017.
Charges
A charge registered on 30 Mar 2016 via Charge ID 100036092 with Others was fully satisfied on 16 Feb 2017.
Charges
A charge registered on 11 Nov 2014 via Charge ID 10531197 with Small Industries Development Bank Of India was fully satisfied on 16 Feb 2017.
Charges
A charge registered on 24 Mar 2014 via Charge ID 10489825 with Syndicate Bank was fully satisfied on 13 Feb 2017.
Charges
A charge registered on 11 Sep 2015 via Charge ID 10590346 with Icici Bank Limited was fully satisfied on 01 Feb 2017.
Charges
A charge registered on 23 Sep 2014 via Charge ID 10524727 with Icici Bank Limited was fully satisfied on 01 Feb 2017.
Charges
A charge registered on 23 Feb 2016 via Charge ID 10621446 with Kotak Mahindra Bank Limited was fully satisfied on 02 Jan 2017.
Charges
A charge registered on 30 Jan 2016 via Charge ID 10620302 with Dcb Bank Limited was fully satisfied on 31 Dec 2016.
Charges
A charge registered on 30 Sep 2015 via Charge ID 10598728 with Dcb Bank Limited was fully satisfied on 31 Dec 2016.
Ceased
Mahesh Krishnamurthy ceased to be Director.
Charges
A charge registered on 02 Jun 2015 via Charge ID 10578457 with Reliance Capital Ltd was fully satisfied on 22 Dec 2016.

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:

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.