About Futuretimes Technology India Private Limited
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Futuretimes Technology India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of A2z Trade Limited. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 19 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2018FTC338848. Its GSTIN is 07AAHCG4669F1CP (Delhi). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹74.2 Lakh. It was formerly known as Globemax Technology India Private Limited and Jy Technology India Private Limited. It is led by directors including Mihir Neville Choksi and Jialun Li.
Its last annual general meeting (AGM) was held on 31 December 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at A – 16 First Floor Vasant Kunj Marg Aruna Asaf Ali Marg Qutab Institutional, Area, New Delhi, Delhi, India – 110067.
As per the financials filed for FY 2019, the company reported a revenue of ₹151.4 Cr. For the same year it recorded a net loss of ₹53.06 Cr (net margin -35%) and EBITDA of -₹52.92 Cr (EBITDA margin -35%).
The company has about 75 employees on its provident fund (EPFO) records.
Court records list 12 cases involving the company, including 12 filed against it; 2 cases are pending.
For more details, the company can be reached via its website globemaxtechnology.in.
Company details
Name history
Futuretimes Technology India has undergone 3 name changes throughout its history. The company was previously known as Globemax Technology India Private Limited, Jy Technology India Private Limited, and Futuretimes Technologies India Private Limited. The current legal name is Futuretimes Technology India Private Limited.
| Company Name | Status |
|---|---|
| Futuretimes Technology India Private Limited | Current |
| Globemax Technology India Private Limited | Previous |
| Jy Technology India Private Limited | Previous |
| Futuretimes Technologies India Private Limited | Previous |
Contact details
Futuretimes Technology India Private Limited's registered office is in New Delhi, Delhi. Its website is globemaxtechnology.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 16 First Floor Vasant Kunj Marg Aruna Asaf Ali Marg Qutab Institutional, Area, New Delhi, Delhi, India – 110067
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Futuretimes Technology India Private 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 Futuretimes Technology India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Futuretimes Technology India Private Limited, buy the company report.
Financials of Futuretimes Technology India Private Limited
FY 2019 filings availableFuturetimes Technology India Private Limited reported revenue of ₹151.4 Cr for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹151.4 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹52.92 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹53.06 Cr |
| 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
| Metrics | FY 2018-19 |
|---|---|
| Profitability | |
| EBITDA Margin | -35% |
| Net Profit Margin | -35% |
| 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 | |
To see the full financial statements and ratios of Futuretimes Technology India Private Limited, buy the company report.
Board of directors of Futuretimes Technology India Private Limited
Futuretimes Technology India has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Neville Choksi Also directs: V J Choksi & Co LLP | Director | 06 Jul 2020 | 6 Years 3 Months | Current |
| Krishna Chaitanya Sadhu Also directs: Critical Flow India Private Limited, Ecoren Energy India Private Limited, Conres India Private Limited and 5 more | Additional Director | 26 Feb 2021 | 5 Years 8 Months | Current |
| Jialun Li Also directs: Globemax Retail Private Limited, Kiwipay Private Limited | Director | 18 Nov 2019 | 6 Years 11 Months | Current |
| Sun Weixia | Additional Director | 22 Sep 2022 | 4 Years 1 Months | Current |
| Sandeep Taterway | Additional Director | 30 Mar 2020 | 6 Years 6 Months | Current |
Auditor
Futuretimes Technology India Private Limited is audited by A D M S & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D M S & CO | FY 2019 | 014626C |
Shareholding
The shareholding of Futuretimes Technology India Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Futuretimes Technology India Private Limited, buy the company report.
Legal cases
Futuretimes Technology India Private Limited has 12 court cases on record: 12 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 10 | 1 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Ecom Express Limited | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Cyfuture India Private Limited | Pending |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Delhivery Limited | Disposed |
| High Court, HARYANA | Arbitration matter | Filed against the company by Hunch Circle Pvt. Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Cyfuture India Private Limited | Disposed |
To see the full case history of Futuretimes Technology India Private 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 Futuretimes Technology India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Futuretimes Technology India Private Limited has a workforce of 75 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Futuretimes Technology India has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCG4669F1CP | Delhi | Active | 11 Oct 2018 |
| 06AAHCG4669F1CR | Haryana | Active | 12 Oct 2018 |
| 08AAHCG4669F1CN | Rajasthan | Active | 01 Dec 2018 |
| 24AAHCG4669F1CT | Gujarat | Active | 03 Dec 2018 |
To see the full GST registrations and return filing status of Futuretimes Technology India Private Limited, buy the company report.
Recent activity
Futuretimes Technology India Private Limited has 9 board changes on record since 2019: 5 appointments and 4 cessations. The latest: Sun Weixia was appointed as Additional Director on 22 Sep 2022.
Frequently asked questions
Futuretimes Technology India is an active foreign private limited company based in New Delhi, Delhi, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 19 September 2018 (8+ years old) and is registered under CIN U74999DL2018FTC338848.
Futuretimes Technology India has 5 current directors:
- Mihir Neville Choksi - Director
- Krishna Chaitanya Sadhu - Additional Director
- Jialun Li - Director
- Sun Weixia - Additional Director
- Sandeep Taterway - Additional Director
The latest financial statements of Futuretimes Technology India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 December 2019. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Futuretimes Technology India is 07AAHCG4669F1CP, registered in Delhi. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAHCG4669F1CR (Haryana), 08AAHCG4669F1CN (Rajasthan), 24AAHCG4669F1CT (Gujarat).
The CIN (Corporate Identification Number) of Futuretimes Technology India is U74999DL2018FTC338848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Futuretimes Technology India has 12 court cases on record: 12 filed against it. 2 are pending. Most are in the high courts.
Futuretimes Technology India was incorporated on 19 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Sun Weixia was appointed as Additional Director on 22 Sep 2022. Krishna Chaitanya Sadhu was appointed as Additional Director on 26 Feb 2021. Mihir Neville Choksi was appointed as Director on 06 Jul 2020. Futuretimes Technology India has 9 board changes on record in total.
Futuretimes Technology India can be reached through the website globemaxtechnology.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Futuretimes Technology India is at A – 16 First Floor Vasant Kunj Marg Aruna Asaf Ali Marg Qutab Institutional, Area, New Delhi, Delhi, India – 110067.