Futureage India Micro Credit Services
About Futureage India Micro Credit Services
Data last updated:
Futureage India Micro Credit Services is a private not for profit company based in Lucknow, Uttar Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74900UP2014NPL064232. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Vijay Kumar Maurya (Managing Director) and Rekha Maurya.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 409 Arsh Vihar Colony Madiyaon Jankipuram, Lucknow, Uttar Pradesh, India – 226021.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.47 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.65 Lakh (net margin 1.8%) and EBITDA of ₹55.71 Lakh (EBITDA margin 38%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 57% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.05 Cr and satisfied charges of ₹10.15 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address409 Arsh Vihar Colony Madiyaon Jankipuram, Lucknow, Uttar Pradesh, India – 226021
- IndustryFinancial Services, Microfinance Institutions
- 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 Futureage India Micro Credit Services
The main business activity of Futureage India Micro Credit Services is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | 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 Futureage India Micro Credit Services FY 2020 filings available
Futureage India Micro Credit Services reported revenue of ₹1.47 Cr (down 6% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Futureage India Micro Credit Services
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 57%. EBITDA fell 32% 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 Futureage India Micro Credit Services
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.47 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹55.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.65 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 Futureage India Micro Credit Services
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Futureage India Micro Credit Services 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 Futureage India Micro Credit Services
Futureage India Micro Credit Services is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jasol Chit Funds Private Limited | ₹1.51 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| Sainath Chit Fund Hyderabad Private Limited | ₹1.5 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Secunderabad, Telangana, India |
| SRR Chandanagar Chits Private Limited | ₹1.5 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
| Sankul Capital Services Private Limited | ₹1.5 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Delhi, India |
| Sri Neelayathachi Benefit Fund Limited | ₹1.47 Cr (FY 2023) | •••• | •••• | 2.0% | •••• | Nagapattinam, Tamil Nadu, India |
| Futureage India Micro Credit Services this company | ₹1.47 Cr (FY 2020) | •••• | •••• | -6.0% | •••• | Lucknow, Uttar Pradesh, India |
| Shirdi Sai Chits Private Limited | ₹1.46 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Telangana, India |
| Gowrinath Chits Private Limited | ₹1.45 Cr (FY 2021) | •••• | •••• | -34.0% | •••• | Bangalre, Karnataka, India |
| BBC Chit Fund Pvt Ltd | ₹1.44 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Shubhaprada Chit Funds Private Limited | ₹1.43 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Medak, Telangana, India |
| Mangalmay Micro Finance | ₹1.43 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Rampurwa, Bihar, India |
Peers are the five companies nearest above and the five nearest below Futureage India Micro Credit Services by revenue in the BFSI industry (Micro Finance), 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 Futureage India Micro Credit Services
Futureage India Micro Credit Services is audited by UMESH K AGRAWAL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UMESH K AGRAWAL & 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 Futureage India Micro Credit Services
Futureage India Micro Credit Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rekha Maurya Also directs: Techetech Services Private Limited | Director | 09 Dec 2016 | 9 Years 10 Months | Current |
| Vijay Kumar Maurya Also directs: Dwinger Agents Pvt.Ltd., Techetech Services Private Limited | Managing Director | 09 Jun 2014 | 12 Years 4 Months | Current |
| Lalit Krishan Dham | Director | 15 Oct 2014 | 12 Years 0 Months | Current |
Ownership and Shareholding of Futureage India Micro Credit Services
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 Futureage India Micro Credit Services
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2019 | Others | ₹1 Cr | Open |
| 23 Aug 2019 | Others | ₹20 Lakh | Open |
| 11 Jul 2019 | Others | ₹30 Lakh | Open |
| 15 Mar 2019 | Others | ₹30 Lakh | Open |
| 21 Jan 2019 | Others | ₹25 Lakh | Open |
Total charge records: 36 View all charges
Legal Cases of Futureage India Micro Credit Services
Futureage India Micro Credit Services has 5 court cases on record: 5 filed against it. All cases are pending. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 5 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Samunnati Agri Value Chain Solutions Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ananya Finance for Inclusive Growth Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Mass Financial Services Ltd | Pending |
| District court, Shahdara, Delhi | Interim or miscellaneous application | Filed against the company by Usha Financial Services Pvt. Ltd | Pending |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Futureage India Micro Credit Services
Futureage India Micro Credit Services has a workforce of 12 employees as of Apr 07, 2024.
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 Futureage India Micro Credit Services
Futureage India Micro Credit Services has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Jai Ram Sarangal ceased to be Director on 29 Oct 2019.
53 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Futureage India Micro Credit Services
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 Futureage India Micro Credit Services
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 Futureage India Micro Credit Services
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 Futureage India Micro Credit Services
Futureage India Micro Credit Services 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 Futureage India Micro Credit Services
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 Futureage India Micro Credit Services
Futureage India Micro Credit Services is an active private not for profit company based in Lucknow, Uttar Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 June 2014 (12+ years old) and is registered under CIN U74900UP2014NPL064232.
Futureage India Micro Credit Services reported revenue of ₹1.47 Cr for FY 2020 (down 6% YoY).
Futureage India Micro Credit Services has 3 current directors:
- Vijay Kumar Maurya - Managing Director
- Rekha Maurya - Director
- Lalit Krishan Dham - Director
Futureage India Micro Credit Services reported a net profit of ₹2.65 Lakh (net margin 1.8%) and EBITDA of ₹55.71 Lakh (EBITDA margin 38%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Futureage India Micro Credit Services is 10% over three years and 57% over five years. In the latest year (FY 2020) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
No. Futureage India Micro Credit Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Futureage India Micro Credit Services is U74900UP2014NPL064232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Futureage India Micro Credit Services has 5 court cases on record: 5 filed against it. 5 are pending.
Futureage India Micro Credit Services was incorporated on 09 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Futureage India Micro Credit Services by revenue are Jasol Chit Funds Private Limited, Sainath Chit Fund Hyderabad Private Limited, SRR Chandanagar Chits Private Limited, Sankul Capital Services Private Limited, Sri Neelayathachi Benefit Fund Limited and 5 more, all in the BFSI industry (Micro Finance).
Jai Ram Sarangal ceased to be Director on 29 Oct 2019. Prem Chandra Verma ceased to be Director on 02 Sep 2019. Sadanand Singh ceased to be Whole-Time Director on 26 Mar 2019. Futureage India Micro Credit Services has 9 board changes on record in total.