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Future Retail Ltd
Embassy 247
'C' Tower,, LBS Marg, Vikhroli (West)
Phone: +91 2266442200p:+91 2266442200 MUMBAI, 400060  India Ticker: FRETAILFRETAIL
Filed for Bankruptcy on 7/29/2024
On 4/14/2022, the Bank of India filed an Application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Future Retail Ltd with the National Company Law Tribunal, Mumbai Bench for default on non-payment of monies due in terms of the Framework Agreement entered into between the Company and Bank of India.
On 7/20/2022, the application filed by Bank of India against Future Retail Limited was admitted and initiation of Corporate Insolvency Resolution Process (CIRP) was ordered against the Company.
On 11/9/2023, the Resolution Professional for Future Retail Ltd. filed an application for the Initiation of Liquidation proceedings pursuant to Section 33 of the Insolvency and Bankruptcy Code.
On 7/29/2024, the National Company Law Tribunal, Mumbai Bench ordered the Liquidation of Future Retail Ltd.
This is a Subsidiary, click here for the Parent Company
Business Summary
Future Retail Limited is an India-based company that is engaged in the business of retailing fashion, household, and consumer products through departmental and neighborhood stores in various formats across the country. The Company operates in a single segment, the Retail segment. Its retail business includes hypermarkets, supermarkets, and lifestyle consumer electronics. The hypermarket and supermarket businesses are led by Big Bazaar, Big Bazaar GEN NXT, HyperCity, Foodhall, fbb, Food Bazaar, Easyday Club, and Heritage Fresh. The Company operates approximately 1,500 stores in over 400 cities and towns in the country. Ezone is an experience-led lifestyle format that brings together the national and international consumer electronic and durable brands in a family-centric environment. Its subsidiaries are Travel News Services (India) Private Limited, TNSI Retail Private Limited, Welcome Retail Private Limited, and Future 7-India Convenience.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20213/31/2021Yes----

Industries
SIC Code Description
5411 Grocery stores
5311 Department stores
7359 Equipment rental and leasing, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board KishoreBiyani 63
Whole Time Company Secretary PratikshaSalecha 9/29/2022 9/29/2022
Non-Executive Independent Director SrideviBadiga 4/20/2017 4/20/2017
Non-Executive Independent Director ShailendraBhandari 62 4/30/2016 4/30/2016

Business Names
Business Name
540064
FRETAIL

General Information
Number of Employees: 21,839 (As of 3/31/2021)
Outstanding Shares: 542,284,079 (As of 9/30/2021)
Shareholders: 404,913
Stock Exchange: NSE
Fax Number: +91 2266442201


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Tuesday, November 12, 2024