About Future Ideas Company Limited
Data last updated:
Future Ideas Company Limited is a public limited company based in Alibag, 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 hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 06 February 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65900MH2006PLC159526. Its GSTIN is 27AAACF9519L1Z8 (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1.95 Cr. It is led by directors including Ritesh Agarwal (Irp/Rp/Liquidator) and Anil L Biyani.
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 14 At Sogaon Tal Alibag, Maharashtra, India – 402201.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹1.15 Cr (net margin -79.8%) and EBITDA of -₹63.74 Lakh (EBITDA margin -44.1%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 65% over five years.
The company has about 6 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Future Ideas. As per MCA filings, the company has open charges of ₹1,155 Cr and satisfied charges of ₹190 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹100.95 Cr; the latest was in May 2022.
The last known website on record is futureideas.in.
Company details
CIN history
Future Ideas Company has one previous CIN (Corporate Identification Number): U74140MH2006PLC159526. The current CIN is U65900MH2006PLC159526, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65900MH2006PLC159526 | Current |
| U74140MH2006PLC159526 | Previous |
Contact details
Future Ideas Company Limited's registered office is in Alibag, Maharashtra. Its website is futureideas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 14 At Sogaon Tal Alibag, Maharashtra, India – 402201
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Future Ideas Company 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 Ideas Company operates one associated brand: Future Ideas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides cultural insight and strategic consulting to businesses in India. | futureideas.in |
Business activity
The main business activity of Future Ideas Company is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Future Ideas Company Limited, buy the company report.
Financials of Future Ideas Company Limited
FY 2024 filings availableFuture Ideas Company Limited reported revenue of ₹1.44 Cr (down 81% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 81% fall in the latest year. EBITDA rose 96% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹63.74 Lakh | ||||
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| Net Profit (PAT) | -₹1.15 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -44.1% | ||||
| Net Profit Margin | -79.8% | ||||
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To see the full financial statements and ratios of Future Ideas Company Limited, buy the company report.
Board of directors of Future Ideas Company Limited
Future Ideas Company has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Agarwal | Irp/Rp/Liquidator | 30 Apr 2025 | 1 Years 6 Months | As last reported |
| Anil L Biyani Also directs: Future Market Networks Limited, Future Hospitality Private Limited, Future Money Financial Services Limited and 4 more | Director | 09 May 2020 | 6 Years 5 Months | As last reported |
| Rupchand Paswan Also directs: Future Brands Limited | Additional Director | 25 Aug 2023 | 3 Years 2 Months | As last reported |
| Rajnandan Bajrangi Paswan Also directs: Future Brands Limited, Akar Estate & Finance Pvt Ltd, Rural Fairprice Wholesale Limited and 5 more | Director | 26 Apr 2023 | 3 Years 6 Months | As last reported |
Auditor
Future Ideas Company Limited is audited by DMKH & Co. Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DMKH & Co. Chartered Accountants | FY 2023 | 116886W |
Shareholding
The shareholding of Future Ideas Company Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Future Ideas Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2024 | 101024505 | Others | ₹5 Cr | Open | |
| 26 Sep 2019 | 100296462 | Others | ₹600 Cr | Open | |
| 15 Oct 2018 | 100252889 | Others | ₹100 Cr | Open | |
| 18 Sep 2015 | 10598070 | Axis Trustee Services Limited | ₹150 Cr | Open | |
| 11 Sep 2015 | 10594621 | Ifci Limited | ₹300 Cr | Open |
To see the full charge records of Future Ideas Company Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Future Ideas Company Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹100.95 Cr; the latest was in May 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round | ₹75 Cr | Investors: Future Corporate Resources Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Future Corporate Resources Private Limited Seller: Suhani Trading and Investment Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Suhani Trading and Investment Private Limited Seller: Eses Commercials Private Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Eses Commercials Private Limited Seller: Future Corporate Resources Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Surplus Finvest Private Limited Seller: an individual |
To see the full deal history of Future Ideas Company 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
Future Ideas Company Limited has 2 court cases on record: 1 filed by Future Ideas Company, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Franklin Templeton Asset Management India Pvt Ltd and 1 other | Pending |
| NCLT, New Delhi Bench Court-II | Court case (TA(IBC)) | Filed against the company by Axis Trustee Services Limited | Disposed |
To see the full case history of Future Ideas Company 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 Ideas Company Limited was last rated by Brickwork on 04 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 04 Aug 2021 |
To see the full credit ratings and regulatory alerts of Future Ideas Company Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Ideas Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Future Ideas Company has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| FDRT Consultancy Services Limited | U74120MH2015PLC269824 |
To see the full group structure of Future Ideas Company Limited, buy the company report.
Employees & EPFO
Future Ideas Company Limited has a workforce of 6 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Future Ideas Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF9519L1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Future Ideas Company Limited, buy the company report.
Recent activity
Future Ideas Company Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Ritesh Agarwal was appointed as Irp/Rp/Liquidator on 30 Apr 2025.
29 earlier events are in the company report.
Frequently asked questions
Future Ideas Company 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 Ideas Company is a company under insolvency, formerly operating as a public limited company based in Alibag, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 06 February 2006 and is registered under CIN U65900MH2006PLC159526. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Future Ideas Company has 4 current directors:
- Anil L Biyani - Director
- Rupchand Paswan - Additional Director
- Rajnandan Bajrangi Paswan - Director
- Ritesh Agarwal - Irp/Rp/Liquidator
The latest financial statements of Future Ideas Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Future Ideas Company is U65900MH2006PLC159526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Future Ideas Company has open charges of ₹1,155 Cr and satisfied charges of ₹190 Cr as per latest MCA filings.
Future Ideas Company has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Future Ideas Company was incorporated on 06 February 2006. It is registered with the Registrar of Companies, Mumbai.
Future Ideas Company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹100.95 Cr; the latest was in May 2022.
Ritesh Agarwal was appointed as Irp/Rp/Liquidator on 30 Apr 2025. Rajnandan Bajrangi Paswan ceased to be Additional Director on 29 Sep 2024. Rupchand Paswan was appointed as Additional Director on 25 Aug 2023. Future Ideas Company has 19 board changes on record in total.
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