CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals.  Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue.  We also offer solutions that can help ease private company financial risk assessment.  Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively. 

A partial report preview for Future Retail Ltd is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

Future Retail Ltd
Embassy 247
'C' Tower,, LBS Marg, Vikhroli (West)
Phone: +91 2261190000p:+91 2261190000 MUMBAI, 400083  India Ticker: FRETAILFRETAIL

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.
This is a Subsidiary, click here for the Parent Company

Business Summary
Future Retail Limited is an India-based company, which is engaged in the business of retailing of fashion, household and consumer products through departmental and neighborhood stores under various formats across the country. The Company operates through the Retail segment. Its retail business includes hypermarket & supermarket and lifestyle consumer electronics. It operates hypermarket and home solutions retail formats. Across value and lifestyle segments, its multi-format retail strategy caters to various consumption needs of a cross-section of Indian consumers. Its hypermarket and supermarket business are led by Big Bazaar, Big Bazaar GEN NXT, HyperCity, Foodhall, fbb, Food Bazaar, Easyday Club and Heritage Fresh. The Company operates more than 1,500 stores in over 400 cities and towns across the country. Its small store neighborhood retail chains, EasyDay Club and Heritage Fresh operates closer to the home of customers and offers member-customers a range of services.

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
5399 Miscellaneous general merchandise stores
5411 Grocery stores
5311 Department stores

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 2261995019


Copyright © 2024 CreditRiskMonitor.com (Ticker: CRMZ). All rights reserved.     
By using this website, you accept the Terms of Use Agreement.
Saturday, July 6, 2024