Future Garments (India) Private Limited
About Future Garments (India) Private Limited
Data last updated:
Future Garments (India) Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 16 September 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U18101OR1998PTC005458. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.43 Cr. It is led by directors including Hardip Singh Palak and Barun Kumar Barik.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 246 Sector – A Zone – B Mancheswar Industrial Estate, Bhubaneswar, Odisha, India – 751010.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.74 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹15.04 Lakh (net margin -8.6%) and EBITDA of -₹14.94 Lakh (EBITDA margin -8.6%). Revenue has grown at a compounded annual rate (CAGR) of 720% over three years and 247% over five years.
As per MCA filings, the company has open charges of ₹1.36 Cr on record. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹73.3 Lakh; the latest was in October 2022. Its 10 peer companies in the Consumer Products industry (Textile Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Decovel Impex Private Limited with revenue of ₹1.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No. 246 Sector – A Zone – B Mancheswar Industrial Estate, Bhubaneswar, Odisha, India – 751010
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Future Garments (India) Private Limited
The main business activity of Future Garments (India) is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Future Garments (India) Private Limited FY 2024 filings available
Future Garments (India) Private Limited reported revenue of ₹1.74 Cr (up 219% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Future Garments (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 247% over five years, including 219% growth 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 of Future Garments (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹14.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹15.04 Lakh | •••• | •••• | •••• | •••• |
| 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 of Future Garments (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Future Garments (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Future Garments (India) Private Limited
Future Garments (India) Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Decovel Impex Private Limited | ₹1.75 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Delhi, India |
| Good Choice Export Limited | ₹1.75 Cr (FY 2019) | •••• | •••• | 230.0% | •••• | Jodhpur, Rajasthan, India |
| Indo-German Yarn and Fibre Private Limited | ₹1.75 Cr (FY 2018) | •••• | •••• | 21.0% | •••• | Amritsar, Punjab, India |
| Myrong Berong Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Devghar Commercial Private Limited | ₹1.74 Cr (FY 2023) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Future Garments (India) Private Limited this company | ₹1.74 Cr (FY 2025) | •••• | •••• | 219.0% | •••• | Bhubaneswar, Odisha, India |
| Magnum Tradecom Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Haides Industries Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 116.0% | •••• | Muradnagar, Uttar Pradesh, India |
| Lifestyle Yarns Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 152.0% | •••• | Ludhiana, Punjab, India |
| Arisaig Trading Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Burhanpur Fabrics Mills Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Burhanpur, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Future Garments (India) by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Future Garments (India) Private Limited
Future Garments (India) Private Limited is audited by K G S R M AND CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K G S R M AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Future Garments (India) Private Limited
Future Garments (India) has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardip Singh Palak | Director | 16 Sep 1998 | 28 Years 1 Months | Current |
| Barun Kumar Barik | Director | 09 May 2022 | 4 Years 5 Months | Current |
| Kuldip Singh Palak | Director | 29 Oct 2010 | 15 Years 11 Months | Current |
| Aman Singh Palak | Director | 06 Oct 2025 | 1 Years 0 Months | Current |
Ownership and Shareholding of Future Garments (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Future Garments (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Sep 2003 | Union Bank of India | ₹1.36 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Future Garments (India) Private Limited
Future Garments (India) Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹73.3 Lakh; the latest was in October 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Rights issue | ₹75.1 Lakh | Investors: Future Garments Limited (U K) |
| Dec 2010 | Funding round | ₹43.3 Lakh | Investors: an individual |
| Nov 2010 | Funding round | ₹30 Lakh | Investors: Future Garments Limited (U K), Magnum Apparel Pvt Ltd , an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Future Garments (India) Private Limited
Employment history and EPFO contributions of people linked to Future Garments (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Future Garments (India) Private Limited
Future Garments (India) Private Limited has 7 board changes on record since 1998: 4 appointments and 3 cessations. The latest: Aman Singh Palak was appointed as Director on 06 Oct 2025.
Credit Ratings, Litigation & Regulatory Alerts for Future Garments (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Future Garments (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Future Garments (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Future Garments (India) Private Limited
Future Garments (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Future Garments (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Future Garments (India) Private Limited
Future Garments (India) is an active private limited company based in Bhubaneswar, Odisha, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 16 September 1998 (28+ years old) and is registered under CIN U18101OR1998PTC005458.
Future Garments (India) reported revenue of ₹1.74 Cr for FY 2025 (up 219% YoY).
Future Garments (India) has 4 current directors:
- Hardip Singh Palak - Director
- Barun Kumar Barik - Director
- Kuldip Singh Palak - Director
- Aman Singh Palak - Director
Future Garments (India) reported a net loss of ₹15.04 Lakh (net margin -8.6%) and EBITDA of -₹14.94 Lakh (EBITDA margin -8.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Future Garments (India) is 720% over three years and 247% over five years. In the latest year (FY 2025) revenue rose 219%. CAGR is the steady yearly rate that links the first and the last year.
No. Future Garments (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Future Garments (India) is U18101OR1998PTC005458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Future Garments (India) was incorporated on 16 September 1998, making it 28+ years old. It is registered with the Registrar of Companies, Cuttack.
Future Garments (India) has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹73.3 Lakh; the latest was in October 2022.
The peers of Future Garments (India) by revenue are Decovel Impex Private Limited, Good Choice Export Limited, Indo-German Yarn and Fibre Private Limited, Myrong Berong Private Limited, Devghar Commercial Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Aman Singh Palak was appointed as Director on 06 Oct 2025. Barun Kumar Barik was appointed as Director on 09 May 2022. Niranjan Mohanty ceased to be Additional Director on 09 Feb 2019. Future Garments (India) has 7 board changes on record in total.