About Future Speciality Retail Limited
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Future Speciality Retail Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Future Trendz Limited. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 27 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PLC286295. Its GSTIN is 27AACCF9174B1ZO (Maharashtra). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35.92 Lakh. It is led by directors including Ravikant Anwekar and Suresh Sadhwani.
Its last annual general meeting (AGM) was held on 29 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹152.6 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹94.66 Cr (net margin -62%) and EBITDA of -₹25.5 Cr (EBITDA margin -16.7%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years.
The company has about 263 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42.86 Cr on record. Court records list 46 cases involving the company, including 4 filed by the company and 42 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website futurelifestyle.in.
Company details
Contact details
Future Speciality Retail Limited's registered office is in Mumbai, Maharashtra. Its website is futurelifestyle.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressKnowledge House Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogesh, Wari(East), Mumbai, Maharashtra, India – 400060
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Future Speciality Retail 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
Business activity
The main business activity of Future Speciality Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Future Speciality Retail Limited, buy the company report.
Financials of Future Speciality Retail Limited
FY 2021 filings availableFuture Speciality Retail Limited reported revenue of ₹152.6 Cr (down 66% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over three years, including a 66% fall in the latest year. EBITDA fell 152% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹152.6 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹25.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹94.66 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.7% | ||||
| Net Profit Margin | -62% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Future Speciality Retail Limited, buy the company report.
Board of directors of Future Speciality Retail Limited
Future Speciality Retail has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satishchandra Dattaray More Also directs: Hydralube Impex Private Limited | Additional Director | 13 Apr 2022 | 4 Years 6 Months | Current |
| Ravikant Anwekar Also directs: Indus Tree Crafts Limited, Rachika Trading Limited, Mineral Fashions Limited and 3 more | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
| Suresh Sadhwani Also directs: Excellent Lifestyle Limited, FLFL Travel Retail Guwahati Private Limited, FLFL Travel Retail Bhubaneswar Private Limited and 2 more | Director | 30 Jun 2020 | 6 Years 4 Months | Current |
Auditor
Future Speciality Retail Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2021 | 117366W/W100018 |
Shareholding
The shareholding of Future Speciality Retail Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Future Speciality Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2018 | 100203302 | Others | ₹42.86 Cr | Open |
To see the full charge records of Future Speciality Retail Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Future Speciality Retail Limited has 46 court cases on record: 4 filed by Future Speciality Retail, 42 filed against it. 1 case is pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 38 | 1 |
| NCLT | 3 | 3 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Gokaldas Exports Limited | Disposed |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Gokaldas Exports Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by J P Clothings Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Shell Apparels Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Raymond Uco Denim Private Limited | Disposed |
To see the full case history of Future Speciality Retail 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 Speciality Retail Limited was last rated by Brickwork on 14 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 14 Mar 2022 |
To see the full credit ratings and regulatory alerts of Future Speciality Retail Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Speciality Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Future Speciality Retail Limited has a workforce of 263 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Future Speciality Retail has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF9174B1ZO | Maharashtra | Active | 01 Jul 2017 |
| 08AACCF9174B1ZO | Rajasthan | Active | 01 Jul 2017 |
| 19AACCF9174B1ZL | West Bengal | Active | 01 Jul 2017 |
| 29AACCF9174B1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Future Speciality Retail Limited, buy the company report.
Recent activity
Future Speciality Retail Limited has 17 board changes on record since 2017: 3 appointments and 14 cessations. The latest: Neelam Chhiber ceased to be Additional Director on 30 Jan 2023.
10 earlier events are in the company report.
News
Frequently asked questions
Future Speciality Retail is an active public limited company based in Mumbai, Maharashtra, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 27 September 2016 (10+ years old) and is registered under CIN U74999MH2016PLC286295.
Future Speciality Retail has 3 current directors:
- Satishchandra Dattaray More - Additional Director
- Ravikant Anwekar - Director
- Suresh Sadhwani - Director
The latest financial statements of Future Speciality Retail on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 September 2021. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Future Speciality Retail is 27AACCF9174B1ZO, registered in Maharashtra. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 08AACCF9174B1ZO (Rajasthan), 19AACCF9174B1ZL (West Bengal), 29AACCF9174B1ZK (Karnataka).
The CIN (Corporate Identification Number) of Future Speciality Retail is U74999MH2016PLC286295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Future Speciality Retail has 46 court cases on record: 4 filed by the company and 42 filed against it. 1 is pending. Most are in the district courts.
Future Speciality Retail was incorporated on 27 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Neelam Chhiber ceased to be Additional Director on 30 Jan 2023. Satishchandra Dattaray More was appointed as Additional Director on 13 Apr 2022. Ravikant Anwekar ceased to be Additional Director on 29 Sep 2021. Future Speciality Retail has 17 board changes on record in total.
Future Speciality Retail can be reached through the website futurelifestyle.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Future Speciality Retail is at Knowledge House Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogesh, WariEast, Mumbai, Maharashtra, India – 400060.
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