About Nufuture Digital (India) Limited
Data last updated:
Nufuture Digital (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ujjain Future Bazaar Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 October 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PLC174787. Its GSTIN is 27AACCE0402H1Z8 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.47 Cr. It was formerly known as New Millennium Apex - Impex Limited and Erudite Knowledge Services Limited. It is led by directors including Ritesh Agarwal (Irp/Rp/Liquidator) and Deepak Jalinder Kamble.
Its last annual general meeting (AGM) was held on 30 October 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹93.74 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹32.88 Cr (net margin -35.1%) and EBITDA of ₹27.13 Cr (EBITDA margin 28.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 15% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹675 Cr and satisfied charges of ₹482.5 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 3 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹501.82 Cr; the latest was in March 2021. Its 4 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 1 larger and 3 smaller; the largest is Ihg IT Services(India) Private Limited with revenue of ₹94.3 Cr.
The last known website on record is futuregroup.in.
Company details
Name history
Nufuture Digital (India) has undergone 2 name changes throughout its history. The company was previously known as New Millennium Apex - Impex Limited, and Erudite Knowledge Services Limited. The current legal name is Nufuture Digital (India) Limited.
| Company Name | Status |
|---|---|
| Nufuture Digital (India) Limited | Current |
| New Millennium Apex - Impex Limited | Previous |
| Erudite Knowledge Services Limited | Previous |
Contact details
Nufuture Digital (India) Limited's registered office is in Mumbai, Maharashtra. Its website is futuregroup.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOffice No. 135 Ground Floor B Wing, Orm Aarey Road, Mumbai, Maharashtra, India – 400065
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Nufuture Digital (India) 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 activities of Nufuture Digital (India) are information and communication and support service to organizations. In detail, this covers computer programming, consultancy and related activities and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Nufuture Digital (India) Limited, buy the company report.
Financials of Nufuture Digital (India) Limited
FY 2022 filings availableNufuture Digital (India) Limited reported revenue of ₹93.74 Cr (up 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 287% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹93.74 Cr | ||||
| Cost of Materials Consumed | |||||
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| EBITDA | ₹27.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹32.88 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.9% | ||||
| Net Profit Margin | -35.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nufuture Digital (India) Limited, buy the company report.
Board of directors of Nufuture Digital (India) Limited
Nufuture Digital (India) has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Agarwal | Irp/Rp/Liquidator | 18 Nov 2024 | 1 Years 11 Months | As last reported |
| Deepak Jalinder Kamble Also directs: Prasong Corporation Private Limited, Fumiro Corporation (I) Private Limited, Akar Estate & Finance Pvt Ltd and 5 more | Additional Director | 11 Mar 2024 | 2 Years 7 Months | As last reported |
| Purushottam Divnale Pandurang | Additional Director | 31 Dec 2020 | 5 Years 9 Months | As last reported |
| Digamber Jadhav Dnyaneshwar | Additional Director | 02 Mar 2023 | 3 Years 7 Months | As last reported |
| Rupchand Paswan Also directs: Future Brands Limited | Additional Director | 02 Mar 2023 | 3 Years 7 Months | As last reported |
Peer comparison
Nufuture Digital (India) Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ihg IT Services(India) Private Limited | ₹94.3 Cr (FY 2016) | 2.0% | Gurgaon, Haryana, India | |||
| Nufuture Digital (India) Limitedthis company | ₹93.74 Cr (FY 2022) | -₹32.88 Cr | -35.1% | 41.0% | 2 | Mumbai, Maharashtra, India |
| Microsemi India Private Limited | ₹93.32 Cr (FY 2019) | -5.0% | Hyderabad, Telangana, India | |||
| Conventus Technologies Private Limited | ₹93.18 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Aion-Tech Solutions Limited | ₹92.32 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Nufuture Digital (India) Limited, buy the company report.
Auditor
Nufuture Digital (India) Limited is audited by R S AJWANI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S AJWANI & CO | FY 2022 | 131853W |
Shareholding
The shareholding of Nufuture Digital (India) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nufuture Digital (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2018 | 100248058 | Others | ₹250 Cr | Open | |
| 29 Mar 2016 | 100029300 | Axis Bank Limited | ₹25 Cr | Open | |
| 28 Aug 2015 | 10608781 | Axis Trustee Services Limited | ₹400 Cr | Open | |
| 28 May 2012 | 10361618 | Central Bank of India | ₹150 Cr | Satisfied | |
| 20 Jan 2012 | 10336173 | Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Nufuture Digital (India) Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Nufuture Digital (India) Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹501.82 Cr; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Harmony Malls Management Private Limited , NNGD Leasing and Trading Private Limited Seller: Allfab Syntects & Commission Agency Private Limited , Ujjain Futures Bazaar Private Limited |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Allfab Syntects & Commission Agency Private Limited Seller: Future Corporate Resources Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Unique Malls Private Limited , Ojas Tradelease Mall Management Private Limited, Acute Retail Infra Private Limited Seller: Ujjain Futures Bazaar Private Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Syntex Trading & Agency Private Limited , Rivaaz Trade Ventures Private Limited Seller: Ujjain Futures Bazaar Private Limited |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: Future Corporate Resources Limited Seller: Opportune Trading Private Limited |
To see the full deal history of Nufuture Digital (India) 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
Nufuture Digital (India) Limited has 10 court cases on record: 4 filed by Nufuture Digital (India), 6 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| NCLAT | 3 | 0 | 0 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed against the company by Great Software Laboratory Private Limited A Company Incorporated Under Companies Act 1956 | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by M/S Zak Global Services Pvt. Ltd. Th. Arindam Saha | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Axis Trustee Services Limited | Disposed |
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed by the company against Axis Trustee Services Limited Having Registered Office at Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli ,Mumbai , Maharashtra | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Axis Trustee Services Limited | Disposed |
To see the full case history of Nufuture Digital (India) 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
Nufuture Digital (India) Limited was last rated by Indiarating on 18 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 Aug 2021 |
To see the full credit ratings and regulatory alerts of Nufuture Digital (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nufuture Digital (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nufuture Digital (India) Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nufuture Digital (India) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE0402H1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 29AACCE0402H1Z4 | Karnataka | Active | 01 Jul 2017 |
| 24AACCE0402H1ZE | Gujarat | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Nufuture Digital (India) Limited, buy the company report.
Recent activity
Nufuture Digital (India) Limited has 20 board changes on record since 2008: 5 appointments and 15 cessations. The latest: Ritesh Agarwal was appointed as Irp/Rp/Liquidator on 18 Nov 2024.
25 earlier events are in the company report.
News
Frequently asked questions
Nufuture Digital (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Nufuture Digital (India) is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 October 2007 and is registered under CIN U72900MH2007PLC174787. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nufuture Digital (India) has 5 current directors:
- Deepak Jalinder Kamble - Additional Director
- Purushottam Divnale Pandurang - Additional Director
- Digamber Jadhav Dnyaneshwar - Additional Director
- Rupchand Paswan - Additional Director
- Ritesh Agarwal - Irp/Rp/Liquidator
The latest financial statements of Nufuture Digital (India) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 October 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nufuture Digital (India) is U72900MH2007PLC174787. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nufuture Digital (India) has open charges of ₹675 Cr and satisfied charges of ₹482.5 Cr as per latest MCA filings.
Nufuture Digital (India) has 10 court cases on record: 4 filed by the company and 6 filed against it. 3 are pending. Most are in the district courts.
Nufuture Digital (India) was incorporated on 08 October 2007. It is registered with the Registrar of Companies, Mumbai.
Nufuture Digital (India) has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹501.82 Cr; the latest was in March 2021.
The peers of Nufuture Digital (India) by revenue are Ihg IT Services(India) Private Limited, Microsemi India Private Limited, Conventus Technologies Private Limited, Aion-Tech Solutions Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Ritesh Agarwal was appointed as Irp/Rp/Liquidator on 18 Nov 2024. Deepak Jalinder Kamble was appointed as Additional Director on 11 Mar 2024. Rajesh K. Pathak ceased to be Additional Director on 06 Mar 2023. Nufuture Digital (India) has 20 board changes on record in total.