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Future Enterprises Ltd
Knowledge House
Shyam Nagar
Phone: +91 2240552200p:+91 2240552200 MUMBAI, 400060  India Ticker: FELFEL
On 8/18/2022, Future Enterprises Ltd announced that its creditor, Foresight Innovations Private Limited, filed an Insolvency Petition under Section 9 of the Insolvency and Bankruptcy Code against Future Enterprises Ltd with the National Company Law Tribunal, Mumbai Bench.
On 8/23/2022, a second Insolvency Petition under Section 9 of the Insolvency and Bankruptcy Code was filed against Future Enterprises Ltd with the National Company Law Tribunal, Mumbai Bench by petitioning creditor Retail Detailz India.
On 3/7/2023, the National Company Law Tribunal, Mumbai Bench, ordered the commencement of a Corporate Insolvency Resolution Process (CIRP) for Future Enterprises Ltd pursuant to the petition filed against the Company by Foresight Innovations Private Limited. The NCLT appointed a Resolution Professional to manage the Company until it is sold.
This is a Subsidiary, click here for the Parent Company
Business Summary
Future Enterprises Limited is an India-based integrated fashion business company. The Company is engaged in the business of manufacturing, trading, leasing of assets, logistics services and joint ventures with life and non-life insurance services. The Company provides solutions to general retailers/retail stores and wholesale trading of fast-moving consumer goods products. Its business Future Supply Chain (FCS), which provides information technology enabled end to end supply chain and logistics, such as warehousing, express logistics, cold chain, and e-commerce logistics. Its Future Generali India Insurance business provides solution to customers and enterprises through retail, commercial, personal, and rural product offerings. Its Work Stores Limited is engaged in consumption space of office supplies, office equipment and products. Its subsidiaries include Futurebazaar India Limited, Future Media (India) Limited, Bluerock eServices Private Limited, and Ritvika Trading Private Limited.

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

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20223/31/2021Yes----

Industries
SIC Code Description
5311 Department stores
5651 Family clothing stores
5411 Grocery stores
5719 Miscellaneous homefurnishings stores
2389 Apparel and accessories, not elsewhere classified
5999 Miscellaneous retail stores, not elsewhere classified
8742 Management consulting services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Managing Director VijayBiyani 58 7/30/2021 9/26/2009
Vice Chairman of the Board KishoreBiyani 63 5/4/2016 6/1/1991
Deputy Chief Financial Officer BhagchandBaser 48 7/30/2021 7/30/2021
Additional Independent Director Haresh R.Chawla 3/28/2019 3/28/2019

Business Names
Business Name
570002
FEL
FRL
Future Retail Limited
Future Value Retail Limited
Pantaloon Retail (India) Limited

General Information
Number of Employees: 1,900 (As of 3/31/2021)
Outstanding Shares: 494,305,080 (As of 3/31/2023)
Shareholders: 107,530
Stock Exchange: NSE
Fax Number: +91 2266442201


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Friday, April 19, 2024