Promoter holding
64.27%
FE
Future Enterprises Limited - Due diligence report
A 360° intelligence report on Fel: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…
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Fel — 360° Intelligence Report
Generated from MCA filings & public records43/100
Trust Score
Caution Indicated
Fel is assessed as Caution Indicated with a Trust Score of 43/100. Fel is a public limited indian non-government company incorporated in 1987, operating in the Consumer Services sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Future Enterprises Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
43/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 35/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Externally credit-rated (D).
Charges position: 29 open (8,850.22 cr) · 150 satisfied (28,500.71 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Limited | 49 | 48.0 cr |
| Bank Of India | 9 | 48.0 cr |
| Others | 20 | 48.0 cr |
| Axis Trustee Services Limited | 5 | 48.0 cr |
| Bank Of India & 10 Others | 1 | 48.0 cr |
| Centbank Financial Services Limited | 9 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Last balance sheet is for Mar 2021 - filings overdue.
- Flagged by authority: NSE, BANKS, SEBI.
- Litigation present in 4 court forum(s).
- 26 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KISHORE LAXMINARAYAN BIYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALA C DESHPANDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDER KOTHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY LAXMINARAYAN BIYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 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 2021)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2021 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
13
Capital events
63 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bluerock Eservices Private Limited | Subsidiary Company | 74.00% |
| Future Merchandising & Sourcing Pte. Ltd. | Subsidiary Company | 74.00% |
| Futurebazaar India Limited | Subsidiary Company | 74.00% |
| Ritvika Trading Private Limited | Subsidiary Company | 74.00% |
| Future Media (india) Limited | Subsidiary Company | 74.00% |
| Future E-commerce Infrastructure Limited | Subsidiary Company | 74.00% |
| Leanbox Logistics Solutions Private Limited | Subsidiary Company | 74.00% |
| Shendra Advisory Services Private Limited | Joint Ventures | 74.00% |
| Sprint Advisory Services Private Limited | Joint Ventures | 74.00% |
| Future Supply Chain Solutions Limited | Subsidiary Company | 74.00% |
Key managerial personnel: VIJAY LAXMINARAYAN BIYANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 25
Growth signals & trust indicators
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
29 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence22/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment28/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 29 open charge(s) of 8,850.22 cr already registered.
- Compliance gaps should be priced into terms.
Investor view39/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events11 Apr 2023
Director appointed
JITENDER KOTHARI (IRP/RP/Liquidator)
11 Oct 2022
Director ceased
DEEPAK NAVINCHANDRA TANNA
16 Aug 2022
Director ceased
CHANDRA PRAKASH TOSHNIWAL
04 Apr 2022
Director ceased
ANANDAKRISHNAN CHANDRASEKARAN
04 Jan 2022
Charge satisfied
Others
30 Dec 2021
Charge satisfied
Ecl Finance Limited
28 Sep 2021
Director ceased
MALINI CHOPRA
Last AGM held
Annual general meeting
23 Apr 2021
Charge created
Others - 1,019.22 cr
31 Mar 2021
Latest balance sheet
Filed with ROC
05 Mar 2021
Director ceased
VIJAY KUMAR CHOPRA
31 Dec 2020
Director ceased
DINESH RAMNARAYAN MAHESHWARI
10 Dec 2020
Charge created
Axis Bank Limited - 15.00 cr
12 May 2020
Charge created
Others - 15.00 cr
31 Mar 2020
Director ceased
HARESH RAM CHAWLA
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
26 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 63 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Maahi Jewellery Exim Private Limited | U36999GJ2017PTC099159 | Surat, Gujarat, India |
| Trishna Trading Services Private Limited | U67190MP2012PTC029071 | Gwalior, Madhya Pradesh, India |
| Bensan Commercial Trade Private Limited | U51909GJ2019PTC106604 | Ahmedabad, Gujarat, India |
| Willowood Chemicals Private Limited | U24232WB2006PTC112085 | Kolkata, West Bengal, India |
| Kog-Ktv Food Products (India) Private Limited | U15142TN2004PTC068598 | Chennai, Tamil Nadu, India |
| Mavaiya Enterprises Private Limited | U74110DD2010PTC004775 | Daman, Daman And Diu, India |
| Rangoli Tradecomm | L10500WB2009PLC137310 | Bally Jagachha, West Bengal, India |
| Nilratan Suppliers Private Limited | U70100UP2011PTC076071 | Bahraich, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Fel before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Fel: 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: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Fel - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 43/100, distress signals and MSME payment-delay disclosures - know whether Fel pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Fel - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Fel an active company?
Fel has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Fel financially healthy?
Fel has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Fel?
Its overall Trust Score is 43/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Fel?
Promoters hold a minority stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Fel have loans or charges against its assets?
29 open charge(s) are registered against its assets, and 150 earlier charge(s) stand satisfied.
Is Fel up to date with its ROC filings?
Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Fel?
Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
