
About Future Market Networks Limited
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Future Market Networks Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Future Corporate Resources Private Limited. It operates in the mall and retail management segment of the business services sector. It was incorporated on 10 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45400MH2008PLC179914. Its GSTIN is 29AABCF2006M1ZP (Karnataka). It is a listed company as per MCA records. Its shares are listed on BSE: 533296 and NSE: FMNL.
The company has an authorised share capital of ₹90.35 Cr and a paid-up capital of ₹66.76 Cr. It was formerly known as Agre Developers Limited and Future Mall Management Limited. It is led by directors including Anil L Biyani (Whole-Time Director) and Pramod Arora.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹98.54 Cr, a decline of 2.4% compared to the previous year. For the same year it recorded a net profit of ₹7.91 Cr (net margin 8%) and EBITDA of ₹44.16 Cr (EBITDA margin 44.8%).
The company has about 64 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Future Market Network. As per MCA filings, the company has open charges of ₹705.36 Cr and satisfied charges of ₹1,904.4 Cr on record. Court records list 102 cases involving the company, including 37 filed by the company and 65 filed against it; 37 cases are pending. The company has 39 deals on record (39 market trades); the latest was in October 2024. Its 3 peer companies in the Business Services industry (Mall Management, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Quince Infotech and Leasing Private Limited with revenue of ₹100.53 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fmn.co.in.
Company details
Name history
Future Market Networks has undergone 2 name changes throughout its history. The company was previously known as Agre Developers Limited, and Future Mall Management Limited. The current legal name is Future Market Networks Limited.
| Company Name | Status |
|---|---|
| Future Market Networks Limited | Current |
| Agre Developers Limited | Previous |
| Future Mall Management Limited | Previous |
CIN history
Future Market Networks has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45400MH2008PLC179914, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45400MH2008PLC179914 | Current |
| U45400MH2008PLC179914 | Previous |
| U51909MH2008PLC179914 | Previous |
Contact details
Future Market Networks Limited's registered office is in Mumbai, Maharashtra. Its website is fmn.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKnowledge House Off. Shyam Nagar Jogesheari Vikhroli Link Road Jogeshwar, I (East), Mumbai, Maharashtra, India – 400060
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Future Market Networks 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 Market Networks operates one associated brand: Future Market Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Marketing services for retailers are provided from Mumbai, India. | fmn.co.in |
Business activity
The main business activity of Future Market Networks is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Future Market Networks Limited, buy the company report.
Financials of Future Market Networks Limited
FY 2025-26 filings availableFuture Market Networks Limited reported revenue of ₹98.54 Cr (down 2.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 98.54 | 101 | 93.03 | 92.40 | 85.26 | 69.00 | 127 |
| Revenue growth | -2.4% | +8.6% | +0.7% | +8.4% | +23.6% | -45.6% | - |
| EBITDA | 44.16 | 39.34 | 17.28 | 29.02 | 19.97 | 15.09 | 54.02 |
| EBITDA margin | +44.8% | +39.0% | +18.6% | +31.4% | +23.4% | +21.9% | +42.6% |
| Profit before tax | 6.91 | 78.01 | 3.90 | 1.45 | (15.45) | (38.64) | 39.25 |
| Net profit | 7.91 | 19.40 | (49.78) | (153) | 7.79 | (21.54) | (19.88) |
| Net profit margin | +8.0% | +19.2% | -53.5% | -165.7% | +9.1% | -31.2% | -15.7% |
| EPS (₹) | 1.18 | 10.89 | (1.08) | (1.57) | (4.91) | (5.37) | 5.16 |
| Balance sheet | |||||||
| Total assets | - | 293 | 169 | 300 | 336 | 331 | 422 |
| Net worth | - | 100 | 22.32 | 32.82 | 41.82 | 111 | 170 |
| Total debt | - | 179 | 131 | 250 | 277 | 195 | 222 |
| Cash & bank | - | 8.75 | 8.82 | 18.97 | 16.07 | 15.85 | 9.08 |
| Net working capital | - | 24.73 | (94.13) | (126) | (82.62) | (94.04) | (107) |
| Cash flow | |||||||
| Cash from operations | - | 3.06 | (18.26) | 81.55 | (35.24) | (29.73) | (81.37) |
| Cash from investing | - | (3.51) | 6.28 | (28.87) | 1.28 | 66.93 | 108 |
| Cash from financing | - | (7.47) | (9.59) | (37.50) | 37.76 | (36.61) | (38.16) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.64 | 25.43 | 24.32 | 24.34 | 24.44 | 24.20 | 26.07 | 26.16 |
| Revenue growth (YoY) | +0.8% | +5.1% | -6.7% | -7.0% | -0.5% | - | - | - |
| Other income | 3.12 | 2.46 | 2.68 | 5.83 | 2.30 | 1.77 | 2.79 | 1.45 |
| EBITDA | 10.23 | 11.33 | 11.73 | 9.05 | 12.04 | (15.74) | 11.09 | 12.56 |
| EBITDA margin | +41.5% | +44.6% | +48.2% | +37.2% | +49.3% | -65.0% | +42.5% | +48.0% |
| Depreciation | 8.02 | 8.15 | 8.15 | 8.15 | 8.14 | 3.45 | 3.45 | 3.47 |
| Interest | 3.89 | 4.10 | 4.37 | 4.65 | 4.81 | 2.64 | 3.07 | 3.23 |
| Profit before tax | 1.44 | 1.54 | 1.89 | 2.08 | 1.39 | (20.06) | 7.36 | 7.31 |
| Tax | (0.36) | (0.42) | 0.09 | (0.32) | (0.08) | 9.71 | 1.28 | 1.24 |
| Net profit | 1.80 | 1.96 | 1.80 | 2.40 | 1.47 | (29.77) | 6.08 | 6.07 |
| EPS (₹) | 0.28 | 0.26 | 0.29 | 0.40 | 0.23 | (4.99) | 1.09 | 1.14 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 87.70 | 91.04 | 82.88 | 86.82 | 80.67 | 64.55 | 122 |
| Revenue growth | -3.7% | +9.9% | -4.5% | +7.6% | +25.0% | -46.9% | - |
| EBITDA | 44.17 | 40.47 | 18.65 | 7.59 | 32.83 | 13.44 | 51.73 |
| EBITDA margin | +50.4% | +44.5% | +22.5% | +8.7% | +40.7% | +20.8% | +42.6% |
| Profit before tax | 7.58 | 79.94 | 6.29 | (22.09) | (0.36) | (36.66) | 20.15 |
| Net profit | 8.35 | 19.97 | (25.85) | (20.72) | 7.87 | (19.46) | (16.51) |
| Net profit margin | +9.5% | +21.9% | -31.2% | -23.9% | +9.8% | -30.2% | -13.6% |
| EPS (₹) | 1.24 | 11.13 | (1.01) | (5.49) | (2.15) | (5.01) | 1.92 |
| Balance sheet | |||||||
| Total assets | - | 291 | 165 | 290 | 352 | 333 | 404 |
| Net worth | - | 114 | 34.87 | 41.50 | 73.32 | 126 | 168 |
| Total debt | - | 163 | 115 | 236 | 265 | 184 | 212 |
| Cash & bank | - | 8.36 | 8.39 | 18.21 | 12.27 | 15.09 | 4.51 |
| Net working capital | - | 44.90 | (67.98) | (90.15) | (59.46) | (109) | (122) |
| Cash flow | |||||||
| Cash from operations | - | (40.87) | 0.97 | 58.82 | (62.13) | (29.96) | (63.70) |
| Cash from investing | - | (15.46) | (1.91) | (0.19) | 21.77 | 65.03 | 107 |
| Cash from financing | - | 48.45 | (20.30) | (36.33) | 38.04 | (33.56) | (37.38) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.92 | 22.44 | 21.96 | 21.64 | 21.67 | 21.66 | 23.57 | 23.70 |
| Revenue growth (YoY) | +1.2% | +3.6% | -6.8% | -8.7% | -2.0% | - | - | - |
| Other income | 2.38 | 2.05 | 2.11 | 5.30 | 1.53 | 1.36 | 2.15 | 1.15 |
| Total expenses | 10.67 | 11.65 | 10.19 | 11.70 | 9.99 | 37.32 | 12.23 | 10.31 |
| EBITDA | 11.25 | 10.79 | 11.77 | 9.94 | 11.68 | (15.66) | 11.34 | 13.39 |
| EBITDA margin | +51.3% | +48.1% | +53.6% | +45.9% | +53.9% | -72.3% | +48.1% | +56.5% |
| Depreciation | 7.62 | 7.75 | 7.75 | 7.75 | 7.75 | 3.06 | 3.06 | 3.08 |
| Interest | 3.56 | 3.75 | 4.01 | 4.30 | 4.53 | 2.35 | 2.79 | 2.94 |
| Profit before tax | 2.45 | 1.34 | 2.12 | 3.19 | 0.93 | (19.71) | 7.64 | 8.52 |
| Tax | (0.10) | (0.18) | (0.09) | (0.23) | (0.27) | 8.73 | 1.36 | 1.20 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.64 | 25.43 | 24.32 | 24.34 | 24.44 | 24.20 | 26.07 | 26.16 |
| Revenue growth (YoY) | +0.8% | +5.1% | -6.7% | -7.0% | -0.5% | - | - | - |
| Other income | 3.12 | 2.46 | 2.68 | 5.83 | 2.30 | 1.77 | 2.79 | 1.45 |
| EBITDA | 10.23 | 11.33 | 11.73 | 9.05 | 12.04 | (15.74) | 11.09 | 12.56 |
| EBITDA margin | +41.5% | +44.6% | +48.2% | +37.2% | +49.3% | -65.0% | +42.5% | +48.0% |
| Depreciation | 8.02 | 8.15 | 8.15 | 8.15 | 8.14 | 3.45 | 3.45 | 3.47 |
| Interest | 3.89 | 4.10 | 4.37 | 4.65 | 4.81 | 2.64 | 3.07 | 3.23 |
| Profit before tax | 1.44 | 1.54 | 1.89 | 2.08 | 1.39 | (20.06) | 7.36 | 7.31 |
| Tax | (0.36) | (0.42) | 0.09 | (0.32) | (0.08) | 9.71 | 1.28 | 1.24 |
| Net profit | 1.80 | 1.96 | 1.80 | 2.40 | 1.47 | (29.77) | 6.08 | 6.07 |
| EPS (₹) | 0.28 | 0.26 | 0.29 | 0.40 | 0.23 | (4.99) | 1.09 | 1.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 98.54 | 101 | 93.03 | 92.40 | 85.26 | 69.00 | 127 |
| Revenue growth | -2.4% | +8.6% | +0.7% | +8.4% | +23.6% | -45.6% | - |
| Other income | 13.27 | 64.85 | 16.22 | 10.55 | 4.38 | 7.24 | 68.06 |
| Total expenses | 54.38 | 61.66 | 75.75 | 63.38 | 65.29 | 53.91 | 72.75 |
| Employee cost | 0.00 | 11.52 | 11.78 | 8.38 | 6.92 | 4.82 | 6.38 |
| EBITDA | 44.16 | 39.34 | 17.28 | 29.02 | 19.97 | 15.09 | 54.02 |
| EBITDA margin | +44.8% | +39.0% | +18.6% | +31.4% | +23.4% | +21.9% | +42.6% |
| Depreciation | 32.59 | 13.84 | 13.74 | 17.76 | 18.61 | 38.63 | 52.48 |
| Interest | 17.93 | 12.34 | 15.86 | 20.36 | 21.19 | 22.34 | 30.35 |
| Profit before tax | 6.91 | 78.01 | 3.90 | 1.45 | (15.45) | (38.64) | 39.25 |
| Tax | (0.72) | 13.42 | 12.12 | 10.78 | 12.60 | (7.87) | 9.31 |
| Net profit | 7.91 | 19.40 | (49.78) | (153) | 7.79 | (21.54) | (19.88) |
| Net profit margin | +8.0% | +19.2% | -53.5% | -165.7% | +9.1% | -31.2% | -15.7% |
| EPS (₹) | 1.18 | 10.89 | (1.08) | (1.57) | (4.91) | (5.37) | 5.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 60.64 | 57.54 | 57.54 | 57.54 | 57.54 | 57.54 |
| Reserves & surplus | - | 31.32 | (35.22) | (24.72) | (15.72) | 53.11 | 113 |
| Shareholders' funds (net worth) | - | 100 | 22.32 | 32.82 | 41.82 | 111 | 170 |
| Minority interest | - | (1.37) | 0.07 | 2.08 | 2.61 | 2.38 | 4.75 |
| Secured loans | - | 79.08 | 86.99 | 92.60 | 98.99 | 0.00 | 0.00 |
| Unsecured loans | - | 99.87 | 43.67 | 157 | 178 | 195 | 222 |
| Total debt | - | 179 | 131 | 250 | 277 | 195 | 222 |
| Total liabilities | - | 293 | 169 | 300 | 336 | 331 | 422 |
| Assets | |||||||
| Gross block | - | 271 | 237 | 313 | 393 | 396 | 496 |
| Net block | - | 182 | 148 | 242 | 256 | 278 | 344 |
| Capital work in progress | - | 7.24 | 8.49 | 7.35 | 6.26 | 5.57 | 11.91 |
| Investments | - | 32.13 | 29.29 | 85.71 | 49.35 | 18.08 | 46.57 |
| Inventories | - | 3.38 | 4.39 | 4.80 | 8.61 | 8.62 | 8.63 |
| Sundry debtors | - | 7.91 | 9.63 | 17.67 | 17.44 | 26.49 | 37.25 |
| Cash & bank balances | - | 8.75 | 8.82 | 18.97 | 16.07 | 15.85 | 9.08 |
| Loans & advances | - | 59.99 | 41.77 | 58.78 | 108 | 168 | 182 |
| Total current assets | - | 80.03 | 64.61 | 100 | 150 | 219 | 237 |
| Total current liabilities | - | 55.30 | 159 | 226 | 233 | 313 | 344 |
| Net working capital | - | 24.73 | (94.13) | (126) | (82.62) | (94.04) | (107) |
| Total assets | - | 293 | 169 | 300 | 336 | 331 | 422 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 15.27 | 36.85 | 21.67 | 17.87 | 17.28 | 28.78 |
| Net cash from operating activities | - | 3.06 | (18.26) | 81.55 | (35.24) | (29.73) | (81.37) |
| Net cash from investing activities | - | (3.51) | 6.28 | (28.87) | 1.28 | 66.93 | 108 |
| Net cash from financing activities | - | (7.47) | (9.59) | (37.50) | 37.76 | (36.61) | (38.16) |
| Net change in cash | - | (7.93) | (21.58) | 15.18 | 3.80 | 0.59 | (11.51) |
| Closing cash | - | 8.75 | 8.82 | 18.97 | 16.07 | 15.85 | 9.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -2.4% | +8.6% | +0.7% | +8.4% | +23.6% | -45.6% | - |
| EBITDA growth | +12.3% | +127.7% | -40.5% | +45.3% | +32.3% | -72.1% | - |
| PBT growth | -91.1% | +1900.3% | +169.0% | +9998.0% | +60.0% | - | +197.1% |
| Net income growth | -59.2% | +139.0% | +67.5% | -2065.9% | +136.2% | -8.4% | - |
| Revenue CAGR (3Y) | +2.2% | +5.8% | +10.5% | -10.0% | -13.4% | -6.4% | +13.4% |
| EBITDA CAGR (3Y) | +15.0% | +25.4% | +4.6% | -18.7% | -21.5% | +44.2% | +72.1% |
| Profitability & leverage | |||||||
| Net income margin | +7.7% | +64.0% | -8.8% | -10.1% | -32.9% | -44.6% | +23.6% |
| Return on capital employed | - | +9.3% | 0.0% | 0.0% | 0.0% | 0.0% | +1.7% |
| Return on net worth | - | +9.2% | 0.0% | 0.0% | 0.0% | 0.0% | -4.8% |
| Debt / equity | - | 2.53 | 6.90 | 7.05 | 3.09 | 1.48 | 1.08 |
| Long-term debt / equity | - | 1.83 | 5.41 | 6.16 | 2.66 | 1.21 | 0.53 |
| Interest cover | 154.97 | 48.39 | 448.02 | 180.82 | 1,558.09 | -94.90 | 1,970.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.40 | 0.34 | 0.26 | 0.22 | 0.15 | 0.31 |
| Inventory turnover | - | 26.00 | 20.25 | 13.78 | 9.90 | 8.00 | 14.24 |
| Debtors turnover | - | 11.52 | 6.82 | 5.26 | 3.88 | 2.17 | 5.22 |
| EPS (₹) | 1.18 | 10.89 | (1.08) | (1.57) | (4.91) | (5.37) | 5.16 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 15.16 | 3.88 | 5.70 | 7.27 | 19.23 | 29.58 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.92 | 22.44 | 21.96 | 21.64 | 21.67 | 21.66 | 23.57 | 23.70 |
| Revenue growth (YoY) | +1.2% | +3.6% | -6.8% | -8.7% | -2.0% | - | - | - |
| Other income | 2.38 | 2.05 | 2.11 | 5.30 | 1.53 | 1.36 | 2.15 | 1.15 |
| Total expenses | 10.67 | 11.65 | 10.19 | 11.70 | 9.99 | 37.32 | 12.23 | 10.31 |
| EBITDA | 11.25 | 10.79 | 11.77 | 9.94 | 11.68 | (15.66) | 11.34 | 13.39 |
| EBITDA margin | +51.3% | +48.1% | +53.6% | +45.9% | +53.9% | -72.3% | +48.1% | +56.5% |
| Depreciation | 7.62 | 7.75 | 7.75 | 7.75 | 7.75 | 3.06 | 3.06 | 3.08 |
| Interest | 3.56 | 3.75 | 4.01 | 4.30 | 4.53 | 2.35 | 2.79 | 2.94 |
| Profit before tax | 2.45 | 1.34 | 2.12 | 3.19 | 0.93 | (19.71) | 7.64 | 8.52 |
| Tax | (0.10) | (0.18) | (0.09) | (0.23) | (0.27) | 8.73 | 1.36 | 1.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 87.70 | 91.04 | 82.88 | 86.82 | 80.67 | 64.55 | 122 |
| Revenue growth | -3.7% | +9.9% | -4.5% | +7.6% | +25.0% | -46.9% | - |
| Other income | 11.00 | 62.91 | 14.61 | 6.35 | 4.83 | 7.75 | 49.04 |
| Total expenses | 43.53 | 50.57 | 64.23 | 79.23 | 47.84 | 51.11 | 69.83 |
| Employee cost | 0.00 | 7.99 | 8.75 | 7.17 | 6.53 | 4.53 | 5.92 |
| EBITDA | 44.17 | 40.47 | 18.65 | 7.59 | 32.83 | 13.44 | 51.73 |
| EBITDA margin | +50.4% | +44.5% | +22.5% | +8.7% | +40.7% | +20.8% | +42.6% |
| Depreciation | 31.01 | 12.26 | 12.28 | 16.60 | 17.62 | 37.29 | 51.14 |
| Interest | 16.58 | 11.18 | 14.69 | 19.43 | 20.40 | 20.56 | 29.48 |
| Profit before tax | 7.58 | 79.94 | 6.29 | (22.09) | (0.36) | (36.66) | 20.15 |
| Tax | (0.77) | 12.44 | 12.08 | 9.52 | 12.02 | (7.84) | 9.07 |
| Net profit | 8.35 | 19.97 | (25.85) | (20.72) | 7.87 | (19.46) | (16.51) |
| Net profit margin | +9.5% | +21.9% | -31.2% | -23.9% | +9.8% | -30.2% | -13.6% |
| EPS (₹) | 1.24 | 11.13 | (1.01) | (5.49) | (2.15) | (5.01) | 1.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 60.64 | 57.54 | 57.54 | 57.54 | 57.54 | 57.54 |
| Reserves & surplus | - | 45.33 | (22.67) | (16.04) | 15.78 | 68.70 | 111 |
| Shareholders' funds (net worth) | - | 114 | 34.87 | 41.50 | 73.32 | 126 | 168 |
| Secured loans | - | 79.08 | 86.99 | 92.60 | 98.99 | 0.00 | 0.00 |
| Unsecured loans | - | 84.10 | 28.28 | 143 | 166 | 184 | 212 |
| Total debt | - | 163 | 115 | 236 | 265 | 184 | 212 |
| Total liabilities | - | 291 | 165 | 290 | 352 | 333 | 404 |
| Assets | |||||||
| Gross block | - | 298 | 249 | 321 | 330 | 334 | 434 |
| Net block | - | 134 | 92.96 | 186 | 202 | 223 | 288 |
| Capital work in progress | - | 0.00 | 1.86 | 1.86 | 0.86 | 0.64 | 6.16 |
| Investments | - | 63.75 | 59.50 | 102 | 102 | 95.03 | 104 |
| Inventories | - | 3.38 | 4.39 | 4.80 | 8.61 | 8.62 | 8.63 |
| Sundry debtors | - | 7.32 | 8.64 | 16.92 | 17.16 | 24.34 | 36.17 |
| Cash & bank balances | - | 8.36 | 8.39 | 18.21 | 12.27 | 15.09 | 4.51 |
| Loans & advances | - | 53.84 | 42.42 | 29.51 | 70.89 | 90.71 | 106 |
| Total current assets | - | 72.90 | 63.84 | 69.44 | 109 | 139 | 155 |
| Total current liabilities | - | 28.00 | 132 | 160 | 168 | 248 | 277 |
| Net working capital | - | 44.90 | (67.98) | (90.15) | (59.46) | (109) | (122) |
| Total assets | - | 291 | 165 | 290 | 352 | 333 | 404 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 14.84 | 36.08 | 13.79 | 16.11 | 14.60 | 8.37 |
| Net cash from operating activities | - | (40.87) | 0.97 | 58.82 | (62.13) | (29.96) | (63.70) |
| Net cash from investing activities | - | (15.46) | (1.91) | (0.19) | 21.77 | 65.03 | 107 |
| Net cash from financing activities | - | 48.45 | (20.30) | (36.33) | 38.04 | (33.56) | (37.38) |
| Net change in cash | - | (7.89) | (21.24) | 22.30 | (2.32) | 1.51 | 6.23 |
| Closing cash | - | 8.36 | 8.39 | 18.21 | 12.27 | 15.09 | 4.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.7% | +9.9% | -4.5% | +7.6% | +25.0% | -46.9% | - |
| EBITDA growth | +9.1% | +117.0% | +145.7% | -76.9% | +144.3% | -74.0% | - |
| PBT growth | -90.5% | +1170.9% | +9998.0% | -6036.1% | +99.0% | - | +59.2% |
| Net income growth | -58.2% | +177.3% | -24.8% | -363.3% | +140.4% | -17.9% | - |
| Revenue CAGR (3Y) | +0.3% | +4.1% | +8.7% | -10.6% | -13.9% | -6.7% | +13.8% |
| EBITDA CAGR (3Y) | +79.9% | +7.2% | +11.5% | -47.3% | -5.5% | -10.3% | +66.4% |
| Profitability & leverage | |||||||
| Net income margin | +9.5% | +74.1% | -7.0% | -36.4% | -15.4% | -44.7% | +9.1% |
| Return on capital employed | - | +9.9% | 0.0% | 0.0% | 0.0% | 0.0% | +1.6% |
| Return on net worth | - | +10.0% | 0.0% | 0.0% | 0.0% | 0.0% | -4.2% |
| Debt / equity | - | 1.87 | 4.60 | 4.36 | 2.25 | 1.35 | 1.01 |
| Long-term debt / equity | - | 1.39 | 3.67 | 3.87 | 1.97 | 1.11 | 0.50 |
| Interest cover | 125.99 | 39.63 | 230.61 | -215.65 | 134.12 | -86.21 | 4,996.61 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.33 | 0.29 | 0.27 | 0.24 | 0.17 | 0.35 |
| Inventory turnover | - | 23.43 | 18.04 | 12.95 | 9.36 | 7.48 | 13.65 |
| Debtors turnover | - | 11.41 | 6.49 | 5.10 | 3.89 | 2.13 | 5.21 |
| EPS (₹) | 1.24 | 11.13 | (1.01) | (5.49) | (2.15) | (5.01) | 1.92 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 17.47 | 6.06 | 7.21 | 12.74 | 21.94 | 29.21 |
To see the full year-wise statements and ratios of Future Market Networks Limited, buy the company report.
Board of directors of Future Market Networks Limited
Future Market Networks has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Arora Also directs: Voxa Spatial LLP | Director | 14 Aug 2017 | 9 Years 2 Months | Current |
| Shreesh Misra Also directs: Shagami Enterprises Private Limited, Panchwati Commerce Pvt Ltd., Bhavsagar Dealtrade Private Limited and 3 more | Director | 10 Feb 2025 | 1 Years 8 Months | Current |
| Anil L Biyani Also directs: Future Hospitality Private Limited, Future Money Financial Services Limited, Fg&G Distribution Private Limited and 3 more | Whole-Time Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Sunil Gopikishan Biyani Also directs: Bansi Mall Management Company Private Limited, Biyani Capital Resources LLP, Galaxy Supermarket Limited and 5 more | Director | 30 May 2013 | 13 Years 5 Months | Current |
| Priya Khandelwal | Director | 10 Feb 2023 | 3 Years 8 Months | Current |
| Dimple Amit Somani Also directs: Galaxy Supermarket Limited | Director | 11 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Future Market Networks Limited is compared with the 3 companies closest to it by revenue in the Business Services industry (Mall Management, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quince Infotech and Leasing Private Limited | ₹100.53 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Future Market Networks Limitedthis company | ₹98.54 Cr (FY 2026) | ₹7.91 Cr | 8% | -2.4% | 64 | Mumbai, Maharashtra, India |
| Nile Tech Limited | ₹97.87 Cr (FY 2019) | 12.0% | Gurgaon, Haryana, India | |||
| Tidel Park Coimbatore Limited | ₹95.32 Cr (FY 2025) | 9.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Future Market Networks Limited, buy the company report.
Auditor
Future Market Networks Limited is audited by S K PATODIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K PATODIA & ASSOCIATES | FY 2023 | 112723W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 70.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 30.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 70.00% | 68.50% | 66.90% | 66.90% |
| Public | 30.00% | 31.50% | 33.10% | 33.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2021 | 100499649 | Others | ₹25 Cr | Open | |
| 07 Sep 2021 | 100485400 | Others | ₹500 Cr | Open | |
| 15 Jun 2021 | 100457605 | Others | ₹105 Cr | Open | |
| 13 Jul 2020 | 100356537 | State Bank of India | ₹54.29 Cr | Open | |
| 19 Mar 2014 | 10488693 | Others | ₹20.4 Cr | Open |
To see the full charge records of Future Market Networks Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Future Market Networks Limited has 39 deals on record (39 market trades); the latest was in October 2024.
Deals on record (5 of 39)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Market trade | ₹79.2 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited , an individual Seller: Multiplier Share and Stock Advisors Private Limited , an individual |
| Sep 2023 | Market trade | ₹20.9 Lakh | Seller: Shivaspraval Gupta Corporate Consultants Private Limited |
| May 2022 | Market trade | ₹1.21 Cr | Buyer: Indus Portfolio Private Limited Seller: Idbi Trusteeship Services Limited , Indus Portfolio Private Limited |
| May 2022 | Market trade | ₹75.8 Lakh | Seller: Idbi Trusteeship Services Limited |
| Apr 2022 | Market trade | ₹32.9 Lakh | Buyer: Shivaspraval Gupta Corporate Consultants Private Limited Seller: Sanghai Commercial & Credits Pvt Ltd |
To see the full deal history of Future Market Networks 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 Market Networks Limited has 102 court cases on record: 37 filed by Future Market Networks, 65 filed against it. 37 cases are pending and 65 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 21 | 16 |
| District courts | 43 | 41 | 19 |
| Supreme Court | 6 | 2 | 0 |
| NCLT | 5 | 1 | 0 |
| NCLAT | 3 | 0 | 2 |
Cases on record (5 of 102)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Neelkamal Realtors and Builders Pvt Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Neelkamal Realtors and Builders Pvt Ltd | Pending |
| NCLAT, NCLAT Chennai | Court case (Caveat) | Filed by the company against Laila Hotels & Resorts Pvt. Ltd. | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed by the company against Laila Hotels & Resorts Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by J C Flowers Asset Reconstruction Private Limited | Disposed |
To see the full case history of Future Market Networks 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Market Networks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Future Market Networks has 5 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Suhani Mall Management Company Private Limited | U45200MH2005PTC156837 | |
| Future Trade Markets Private Limited | U45400MH2011PTC224924 | |
| Aashirwad Malls Private Limited | U70101GJ2004PTC045030 | |
| Sun City Properties Private Limited | U70109WB1998PTC087521 | |
| Jeremia Real Estate Private Limited | U74999MH2013PTC244711 |
To see the full group structure of Future Market Networks Limited, buy the company report.
Employees & EPFO
Future Market Networks Limited has a workforce of 64 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Future Market Networks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF2006M1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Future Market Networks Limited, buy the company report.
Recent activity
Future Market Networks Limited has 42 board changes on record since 2008: 25 appointments and 17 cessations. The latest: Akhilesh Kalra was appointed as CFO on 28 Mar 2025.
87 earlier events are in the company report.
News
Frequently asked questions
Future Market Networks is an active public limited company based in Mumbai, Maharashtra, India. The company works in mall and retail management, within the business services industry. It was incorporated on 10 March 2008 (18+ years old) and is registered under CIN L45400MH2008PLC179914. Listed on BSE: 533296 and NSE: FMNL.
Future Market Networks reported revenue of ₹98.54 Cr for FY 2025-26 (down 2.4% YoY) based on consolidated financials.
Future Market Networks has 6 current directors:
- Anil L Biyani - Whole-Time Director
- Pramod Arora - Director
- Shreesh Misra - Director
- Sunil Gopikishan Biyani - Director
- Priya Khandelwal - Director
- Dimple Amit Somani - Director
The latest financial statements of Future Market Networks on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Future Market Networks is 29AABCF2006M1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Future Market Networks is L45400MH2008PLC179914. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Future Market Networks is a listed company as per MCA records. Its shares are listed on both BSE (code: 533296) and NSE (symbol: FMNL).
Future Market Networks has 102 court cases on record: 37 filed by the company and 65 filed against it. 37 are pending. Most are in the high courts.
Future Market Networks was incorporated on 10 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Future Market Networks has 39 deals on record (39 market trades); the latest was in October 2024.
The peers of Future Market Networks by revenue are Quince Infotech and Leasing Private Limited, Nile Tech Limited, Tidel Park Coimbatore Limited, all in the Business Services industry (Mall Management, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).

