About Futurenet Private Limited
Data last updated:
Futurenet Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Futurenet Group Inc. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 08 July 2011.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74200GJ2011PTC066269. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹2.32 Lakh. It was led by directors including Dalal Krishal Chandravadan and Jignesh Dhirajlal Mehta.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.24 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹6.64 Lakh (net margin 3%) and EBITDA of ₹11.95 Lakh (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company had about 5 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: Future Net India.
The last known website on record is futurenetgroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSf 1 Rigency Plaza Karmajyot Complex Opp Rahul Tower 100 Ft. Ring Road Anand Nagar S, Atellite, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, IT Products Retail & Distribution, Application Development & Software Solutions
- 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
Associated Brands with Futurenet Private Limited
Futurenet operates one associated brand: Future Net India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Future Net India offers ERP solutions tailored for manufacturing, distribution, and dairy industries. | futurenetgroup.in |
Competitors & Alternatives of Futurenet Private Limited
Brands and companies operating in the same space as Futurenet Private Limited include Workday, Visma, Deltek and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Workday | Cloud-based HR and financial software is delivered to enterprises. | Pleasanton, United States | 2005 |
 Visma | Cloud-based ERP software is provided for business management across segments. | Oslo, Norway | 1996 |
 Deltek | Cloud-based ERP software is provided for project-driven organizations. | Herndon, United States | 1983 |
 Infor | Cloud-based ERP software is offered for multiple industries. | New York, United States | 2002 |
 NetSuite | Cloud-based ERP software is delivered for multiple industries. | Redwood City, United States | 1998 |
 Oracle | Hybrid cloud infrastructure solutions are delivered for business management. | Austin, United States | 1977 |
 SAP | Cloud and AI-based ERP software is offered for enterprises. | Walldorf, Germany | 1972 |
 TOTVS | ERP solutions are provided for managing operations across industries. | Sao Paulo, Brazil | 1983 |
 Aptean | Cloud-based ERP software is delivered for diverse industries. | Alpharetta, United States | 2012 |
 i3 Verticals | Payment processing solutions are provided for diverse business verticals. | Nashville, United States | 2012 |
Business Activity of Futurenet Private Limited
The main business activity of Futurenet is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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.
Auditor Details of Futurenet Private Limited
Futurenet Private Limited is audited by PARIKH & MAJMUDAR for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARIKH & MAJMUDAR | 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 Futurenet Private Limited
Futurenet has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Dhirajlal Mehta | Additional Director | 14 May 2013 | 13 Years 4 Months | As last reported |
| Parimal Dhirajlal Mehta | Additional Director | 14 May 2013 | 13 Years 4 Months | As last reported |
| Dalal Krishal Chandravadan | Director | 08 Jul 2011 | 15 Years 2 Months | As last reported |
| Pragna Yogesh Dani Also directs: Byteburst Technology Solutions Private Limited | Additional Director | 04 Jan 2016 | 10 Years 9 Months | As last reported |
Financials of Futurenet Private Limited FY 2017 filings available
Futurenet Private Limited reported revenue of ₹2.24 Cr (down 37.00% YoY) for FY 2017.
Growth of Futurenet Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) |
|---|---|---|
| Revenue | ▼ 37% | ▼ 8% |
| Net profit | ▲ 19% | ▼ 26% |
| EBITDA | ▼ 30% | ▼ 27% |
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 37% fall 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 Futurenet Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹2.24 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹11.95 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.64 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 Futurenet Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.3% | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• |
| 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 Futurenet 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.
Ownership and Shareholding of Futurenet 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.
Group Structure of Futurenet Private Limited
Futurenet has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Charges & Borrowings of Futurenet Private Limited
Futurenet Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Futurenet Private Limited
Futurenet Private Limited has a workforce of 5 employees as of Mar 31, 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.
GST Compliance of Futurenet Private Limited
Futurenet 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.
Credit Ratings, Litigation & Regulatory Alerts for Futurenet 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 Futurenet 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 Futurenet 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.
MCA Filings & Documents of Futurenet 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.
Recent Activity on Futurenet Private Limited
Frequently Asked Questions about Futurenet Private Limited
Futurenet has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Futurenet was a private limited company based in Ahmedabad, Gujarat, India. The company worked in IT products retail and distribution, within the information technology industry. It was incorporated on 08 July 2011 and is registered under CIN U74200GJ2011PTC066269. The company has been struck off by the Registrar of Companies and is no longer operational.
Futurenet had 4 directors:
- Jignesh Dhirajlal Mehta - Additional Director
- Parimal Dhirajlal Mehta - Additional Director
- Dalal Krishal Chandravadan - Director
- Pragna Yogesh Dani - Additional Director
The CIN (Corporate Identification Number) of Futurenet is U74200GJ2011PTC066269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Futurenet is at Sf 1 Rigency Plaza Karmajyot Complex Opp Rahul Tower 100 Ft. Ring Road Anand Nagar S, Atellite, Ahmedabad, Gujarat, India – 380015.
Futurenet was incorporated on 08 July 2011. It is registered with the Registrar of Companies, Ahmedabad.
Futurenet can be reached through the website futurenetgroup.in. Its registered office is in Ahmedabad, Gujarat, India.
Futurenet reported revenue of ₹2.24 Cr for FY 2017 (down 37.00% YoY).
Futurenet has an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹2.32 Lakh.