Futemind Technologies Private Limited - Due diligence report

A 360° intelligence report on Racetrack: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

2015-10-09 Bangalore, Karnataka Active Unlisted Active Compliant
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FT Futemind Technologies Private Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Racetrack — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Racetrack is assessed as Moderate with a Trust Score of 73/100. Racetrack is an active private limited indian non-government company incorporated in 2015, operating in the Information Technology sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Futemind Technologies Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
28/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 28/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2019 - filings overdue.
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: DEBENDRA AND CO on 2018-10-01.
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AMBIKA PRASAD SENAPATI 01234567 Director 01/04/2018 6 yrs Approved
SUBRAT KUMAR PARIDA 01234567 Director 01/04/2018 6 yrs Approved
SHEJIL BALAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2019)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2019 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
28 allotment(s) · 6 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Futuretech Ai Solutions Pte Ltd Subsidiary Company 74.00%

Key managerial personnel: SUBRAT KUMAR PARIDA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 10+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Statutory filings appear overdue.
Compliance score is weak (28/100).
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Jul 2021
Director ceased
AMBIKA PRASAD SENAPATI
17 Dec 2019
Director ceased
SWETA PRABHA MAHAPATRA
25 Oct 2019
Director appointed
AMBIKA PRASAD SENAPATI (Additional Director)
30 Sep 2019
Last AGM held
Annual general meeting
23 May 2019
Securities allotted
992 Preference Shares - 1.34 cr raised
31 Mar 2019
Share transfer (FY 2019)
3000.00000000 shares to Prabhat Routray
Share transfer (FY 2019)
4000.00000000 shares to Veena D Souza
Share transfer (FY 2019)
1000.00000000 shares to Subrat Kumar Parida
Share transfer (FY 2019)
2000.00000000 shares to Shejil Balakrishnan
Latest balance sheet
Filed with ROC
08 Mar 2019
Securities allotted
2216 Preference Shares - 3.00 cr raised
24 Dec 2018
Securities allotted
199 Preference Shares - 26.95 Lakh raised
Securities allotted
73 Preference Shares - 9.88 Lakh raised
03 Sep 2018
Securities allotted
221 Preference Shares - 29.93 Lakh raised
Securities allotted
169 Preference Shares - 22.88 Lakh raised
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 28 security allotment(s) - amounts available in the full report.
3 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Aiim Tech Software System Private Limited U72900TN2014PTC094961 Sivakasi, Tamil Nadu, India
Alphabet Technology Private Limited U72300UP2015PTC075249 Noida, Uttar Pradesh, India
Fluous Solutions U74210MH2002PTC137493 Navi Mumbai, Maharashtra, India
Vuesol U72900TG2015PTC097933 Hyderabad, Telangana, India
Udayam Infovision Solutions Private Limited U72900DL2016PTC309183 Delhi, Delhi, India
Followon Interactive Media Private Limited U93000TN2012PTC088762 Chennai, Tamil Nadu, India
Thrill Health And Wellness Private Limited U74110AP2012PTC083964 Visakhapatnam, Andhra Pradesh, India
Infoezee India Private Limited U72900TN2016PTC112179 Kodambakkam, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Racetrack before audits and certifications: compliance score 28/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Racetrack: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Racetrack - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Racetrack pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Racetrack - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Racetrack an active company?

Racetrack has MCA status “Active” with a compliance score of 28/100 (Caution Indicated).

Is Racetrack financially healthy?

Racetrack has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Racetrack?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Racetrack?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Racetrack have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Racetrack up to date with its ROC filings?

Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 28/100 (Caution Indicated).

Is it risky to lend to Racetrack?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.