Key Metrics of Future Enterprises Limited
About Future Enterprises Limited
Sectors
Company details
- Registered office
- Knowledge House, Shyam Nagar, Jogeshwari (e), Off. Jogeshwari- Vikhroli Link Road, Mumbai, In-mh, 400060
- Listed
- NSE: FEL · ₹0.31
Operational Areas of Future Enterprises Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 23 Apr 2026 | CARE | Other | D | — | — | ₹5,201 Cr | View |
| 24 Apr 2025 | CARE | Non-cooperating | D | — | — | ₹5,201 Cr | View |
| 25 Apr 2024 | CARE | Other | D | — | — | ₹5,201 Cr | View |
| 28 Apr 2023 | CARE | Other | D | — | — | ₹5,201 Cr | View |
| 22 Jun 2022 | CARE | Other | — | — | — | — | View |
| 03 May 2022 | CARE | Non-cooperating | D | — | — | ₹6,186 Cr | View |
| 28 Mar 2022 | CARE | Watch (from C) | D | — | Developing | ₹2,724 Cr | View |
| 03 Jan 2022 | CARE | Watch | C | A4 | Developing | ₹10,402 Cr | View |
| 20 Apr 2021 | CARE | Revised (from C) | — | — | — | ₹800 Cr | View |
| 31 Mar 2021 | CARE | Watch | C | A4 | Developing | ₹6,978 Cr | View |
| 07 Jan 2021 | CARE | Revised (from C) | — | — | — | ₹750 Cr | View |
| 24 Dec 2020 | CARE | Revised (from C) | — | — | — | ₹150 Cr | View |
| 30 Sep 2020 | CARE | Revised (from C) | — | — | — | ₹332 Cr | View |
| 23 Sep 2020 | CARE | Revised (from C) | — | — | — | ₹327 Cr | View |
| 08 Sep 2020 | CARE | Watch | C | A4 | — | ₹6,978 Cr | View |
| 19 Aug 2020 | CARE | Watch (from BB) | D | — | — | ₹6,978 Cr | View |
| 31 Jul 2020 | CARE | Revised (from BBB+) | BB | A4 | — | ₹6,978 Cr | View |
| 13 May 2020 | CARE | Watch (from A) | BBB+ | A3+ | — | ₹6,978 Cr | View |
| 22 Apr 2020 | CARE | Other | — | — | — | — | View |
| 26 Mar 2020 | CARE | Watch | A | A1 | — | ₹7,153 Cr | View |
| 23 Oct 2019 | CARE | Watch | AA- | A1+ | — | ₹11,423 Cr | View |
| 23 Jul 2019 | CARE | Reaffirmed (from AA) | AA- | A1+ | Negative | ₹11,423 Cr | View |
| 18 Jan 2019 | CARE | Reaffirmed | — | A1+ | — | ₹650 Cr | View |
Credit strengths (CARE, May 2022)
+ Experienced Promoters & Management
FEL is a part of Future Group (FG), with the flagship company of group as Future Retail Limited (FRL). The group is headed by Mr. Kishore Biyani and has business interest across various sectors such as retail, FMCG, logistics, financial services etc. The promoters are supported by a strong management team having significant experience in retail industry. Divestment of investments to improve cash flows FEL is looking to divest its investments across various businesses. The divestment includes sta
+ Divestment of investments to improve cash flows
FEL is looking to divest its investments across various businesses. The divestment includes stake sale in insurance and logistics business. The divestment is expected to improve the company’s cash flows and the proceeds will be used towards debt reduction. Importance to Future group in terms of sourcing and manufacturing fashion products FEL sources and manufactures goods for Future group which is sold to the customer through FRL and FLFL’s retail outlets. FEL
+ Importance to Future group in terms of sourcing and manufacturing fashion products
FEL sources and manufactures goods for Future group which is sold to the customer through FRL and FLFL’s retail outlets. FEL continues to an integral part of Future group’s fashion business as both FRL and FLFL, in FY21, sourced 70% and 1% of its products respectively from FEL. Industry Outlook The retail industry was affected due to the outbreak of Covid-19 followed by the nation-wide lockdown in the last week of March
+ Industry Outlook
The retail industry was affected due to the outbreak of Covid-19 followed by the nation-wide lockdown in the last week of March 2020. The closure of retail stores and shopping malls across the country led to a sharp decline in retail sales. While stores selling essential items like food and groceries, medicines were allowed to function, stores selling non-essential items like apparels, consumer durables etc. were completely shut. As the lockdown restrictions were eased in a phased manner, the in
+ Liquidity: Poor
The company’s liquidity profile has been severely impacted on account of lockdown measures and weakened credit profile of its key customers FRL and FLFL. Both FRL and FLFL both are facing liquidity issues and have implemented the OTR plans. The inability of FEL to realise its debtors during COVID-19 pandemic and shut down of operations during Q1FY21 led to cash crunch, increase in debtor days and subsequently default on its debt servicing obligations. Total outstanding trade receivables as on Ma
+ Analytical approach: Standalone
Applicable Criteria Policy in respect of Non-cooperation by issuer CARE’s Policy on Default Recognition Analytical Treatment for one-time restructuring (OTR) due to Covid-19 related stress Financial ratios – Non-Financial Sector Liquidity Analysis of Non-Financial Sector Entities CARE’s Policy on Curing Period
Credit challenges
− Weakened financial flexibility; considerable promoters’ stake pledged
As on September 30, 2021, the promoters of FEL have pledged 98.67% of their 20.61% stake in the company. Falling market capitalisation coupled with rising debt has led to significant deterioration of debt to market-capitalisation. Considerable reduction in market capitalisation and in absence of any additional cover provided by the promoters, significant amount of pledged shares have been invoked. Continued subdued operational performance for H1FY22
− Continued subdued operational performance for H1FY22
The quarterly performance continues to remain weak in Q2FY22. FEL has witnessed significant shrinkage in volumes from FLFL and FRL despite the government easing restrictions. Although, the financials have improved on a sequential basis, fixed costs and interest has been eroding the profitability and networth of the company. FEL has reported cash losses for H1FY22. Pickup in business from FRL and FLFL leading to company posting profits remains a key rating factor.
− Continued weakening of credit profile and liquidity of both customers
FEL provides infrastructure support to group companies and logistical support through its subsidiary Future Supply Chain Solutions Limited. The company also designs, manufactures garments for in-house brands and engages in trading for various group companies. FEL is completely reliant on FRL and FLFL for its sales. Due to the COVID19 pandemic, the retail sector has been one of the most adversely affected sectors. Due to continued liquidity stretch on account of reduced cash accruals along with d
− Disproportionately High Working Capital Cycle
FEL had elongated gross working capital cycle of 991 in FY21 which deteriorated from 158 days in FY20. The company sources and manufactures on behalf of group companies and goods are kept at various retail outlets across the country thereby leading to high inventory period. The company receives payment after 6-7 weeks from sale of goods. Due to the lockdown imposed to contain COVID19 pandemic towards the end of March 2020, the company could not liquidate its inventory and realise its existing
− Deterioration in credit profile of Future Group
The share price of various Future Group entities has witnessed a steep decline. The weakening of market capitalization has impacted the financial flexibility of the group. 2 CARE Ratings Limited Press Release Key Rating Strengths Experienced Promoters & Management FEL is a part of Future Group (FG), with the flagship company of group as Future Retail Limited (FRL). The group is headed by
− Divestment of investments to improve cash flows
FEL is looking to divest its investments across various businesses. The divestment includes stake sale in insurance and logistics business. The divestment is expected to improve the company’s cash flows and the proceeds will be used towards debt reduction. Importance to Future group in terms of sourcing and manufacturing fashion products FEL sources and manufactures goods for Future group which is sold to the customer through FRL and FLFL’s retail outlets. FEL
Could lead to an upgrade
Improvement in company’s
Agency-reported financials (CARE, 23 Apr 2026)
| Metric | March 31, 2022 | March 31, 2023 |
|---|---|---|
| Total operating income | ₹1,514 Cr | ₹105 Cr |
| PBILDT* | ₹-,223.65 Cr | ₹-1,365.03 Cr |
| Profit after tax (PAT) | ₹-2,324.57 Cr | ₹-,677.99 Cr |
| Overall gearing (x) | -17.12× | -5.40× |
| Interest coverage (x) | -0.33× | -88.24× |
| Revenue growth (YoY) | — | −93.1% |
| PAT margin | −153.6% | −648.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| ISSUER NOT continues to remain under ISSUER NOT Long-term bank facilities | Working capital & bank lines | — | ₹1,175 Cr | — | D | Other | CARE |
| ISSUER NOT continues to remain under ISSUER NOT Short-term bank facilities | Working capital & bank lines | — | ₹602 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹325 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹100 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹358 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹50.0 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹300 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹265 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹327 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹332 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹150 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹425 Cr | — | D | Other | CARE |
| Non-convertible ISSUER NOT continues to remain under ISSUER NOT debentures | Debentures & bonds | — | ₹92.0 Cr | — | D | Other | CARE |
| ISSUER NOT continues to remain under ISSUER NOT Fixed Deposit | Fixed deposits | — | ₹700 Cr | — | D | Other | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE623B07875 | Dec ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07883 | Dec ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07776 | Jun ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07784 | Jun ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07792 | Jun ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07800 | Jun ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07891 | Apr ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07909 | Apr ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07834 | Mar ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07842 | Mar ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07818 | Feb ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07826 | Feb ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07859 | Mar ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07867 | Mar ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07941 | Jan ISSUER NOT | Debentures & bonds | — | — | — | — | — | Not stated |
| INE623B07743 | convertible Jan NOT | Debentures & bonds | 10.50% | — | — | — | D | Not stated |
| INE623B07487 | convertible Feb NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07495 | convertible Feb NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07503 | convertible NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07511 | convertible NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07529 | convertible NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07537 | convertible NOT | Debentures & bonds | 9.60% | — | — | — | — | Not stated |
| INE623B07735 | convertible Jan NOT | Debentures & bonds | 10.50% | — | — | — | — | Not stated |
| INE623B07628 | convertible NOT | Debentures & bonds | 9.25% | — | — | — | — | Not stated |
| INE623B07636 | convertible NOT | Debentures & bonds | 9.25% | — | — | — | — | Not stated |
| INE623B07339 | convertible Jun NOT | Debentures & bonds | 10.25% | — | — | — | — | Not stated |
| INE623B07347 | convertible Jun NOT | Debentures & bonds | 10.25% | — | — | — | — | Not stated |
| INE623B07362 | convertible Jun NOT | Debentures & bonds | 10.25% | — | — | — | — | Not stated |
| INE623B07370 | convertible Jun NOT | Debentures & bonds | 10.25% | — | — | — | — | Not stated |
| INE623B07685 | convertible Apr NOT | Debentures & bonds | 9.75% | — | — | — | — | Not stated |
| INE623B07693 | convertible Apr NOT | Debentures & bonds | 9.75% | — | — | — | — | Not stated |
| INE623B07701 | convertible Apr NOT | Debentures & bonds | 10.00% | — | — | — | — | Not stated |
| INE623S07628 | — | Debentures & bonds | — | — | — | — | D | Not stated |
| INE623S07636 | — | Debentures & bonds | — | — | — | — | D | Not stated |
| INE623B07222 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
| INE623B07230 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
| INE623B07248 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
| INE623B07255 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
| INE623B07263 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
| INE623B07271 | Implications | Debentures & bonds | — | — | — | — | AA- | Not stated |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| BG/LC | — | Withdrawn |
| BG/LC | ₹602 Cr | CARE D; ISSUER NOT COOPERATING* |
| Cash Credit | — | Withdrawn |
| Commercial Paper | — | Withdrawn |
| Fixed Deposit | ₹700 Cr | CARE D; ISSUER NOT COOPERATING* |
| Non Convertible Debentures | — | Withdrawn |
| Non Convertible Debentures | ₹2,724 Cr | CARE D; ISSUER NOT COOPERATING* |
| Term loan | — | Withdrawn |
| Term Loan | ₹550 Cr | CARE D; ISSUER NOT COOPERATING* |
| Working Capital Limits | ₹625 Cr | CARE D; ISSUER NOT COOPERATING* |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2022-23
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| ISSUER NOT continues to remain under ISSUER NOT Fixed Deposit | Fixed deposits | D CARE | D | Tier II + 1 |
| NOT ISSUER NOT continues to remain under ISSUER Fixed deposit | Fixed deposits | D CARE | D | Tier II + 1 |
Rating status
| Default | In default (CARE D) |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 41% |
| Information on file | 56% · missing: Audited financial statements (last 18 months), Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 41% chance the next rating action is stable or better
- Current rating D (below investment grade)
- Interest coverage -88.24×
Rated limits by facility
Timeline
From the report
The other issues raised by CARE in i ts press release dated December 24 , 2020, viz. weakened credit profile of its key customer – Future Retail Limited (FRL), delays in release of sanctioned bank limits and default in servicing of its interest on its Non -convertible Debentures bearing ISIN and INE623S07628, INE623S07636, INE623B07529, INE623B07537, INE623B07503, INE623B07511, INE623B07487 and INE623B07495 continue to constrain the ratings.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
The other issues raised by CARE in its press release dated September 30, 2020, viz. weakened credit profile of its key customer – Future Retail Limited (FRL), delays in release of sanctioned bank limits and default in servicing of its interest on its Non- convertible Debentures bearing ISIN INE623B07529, INE623B07537, INE623B07503, INE623B07511, INE623B07487 and INE623B07495 continue to constrain the ratings.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
The other issues raised by CARE in its press release dated September 23, 2020, viz. weakened credit profile of its key customer – Future Retail Limited (FRL), delays in release of sanctioned bank limits and default in servicing of its inte rest on its Non-convertible Debentures bearing ISIN INE623B07503, INE623B07511, INE623B07487 and INE623B07495 continue to constrain the ratings.
From the report
Increase in inventory days and grow th in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
The other issues raised by CARE in its press release dated September 8, 2020, viz. weakened credit profile of its key customer – Future Retail Limited (FRL), delays in release of sanctioned bank limits and default in servicing of its interest on its Non- convertible Debentures bearing ISIN INE623B07487 and INE623B07495 continue to constrain the ratings.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
The ratings assigned to the bank facilities and instruments o f Future Enterprises Limited (FEL) is on account of poor liquidity position due to subsequent lockdowns in the wake of COVID19 outbreak and delays in release of sanctioned bank limits and delay in servicing of its interest on its Non -convertible Debentures bearing ISIN INE623B07487 and INE623B07495.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year. 2 CARE Ratings Limited Rationale-Press Release Intensifying competition in retail industry: Heightened competition from both brick and mortar and online players could impact overall SSSG of FEL’s customers.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
FRL has missed its interest payment on USD bonds of 500 million due on July 22, 2020 and is required to make the payment within a 30 -day grace period, before it can be constituted as an ‘Event of Default.’ According to the management, FRL shall be releasing the payment within the grace period, and is in discussion with bankers for release of enhanced limits or equity infusion from investors.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
This is furthe r expected to come down by March 31, 2020 to Rs. 4,895 crore, if the proposal to prepay debt is accepted by the lenders.
From the report
Increase in inventory days and growth in operations led to an increase in company's fund based average working capital utilisation (including CP) for the past 12 months ending Feb 2020 to 71% as against 63% during the same period last year.
From the report
Liquidity Position: Adequate As on Feb 29, 2020, FEL has adequate liquidity in the form of cash and cash equivalents to the tune of Rs. 38.21 crore, moderate utilised working capital limits (average utilisation incl.
From the report
CP for trailing 12 months Feb-20 stands at 71%) and expected cash accrual of Rs. 762 crore in FY20.
From the report
Further, the company has received Rs. 3,560 crore from FRL, of which the company has utilised Rs. ~2,960 crore towards capex (Rs. 219 crore), GST (Rs. 450 crore) and balance for prerepayment of debt.
From the report
Two thousand seven Total hundred ninety five crore and; seventy two lakh only) CARE AA - Non-Convertible (Double A Minus) 4,481.50 Debenture Issue (Credit watch with negative implications) Commercial Paper 150.00 CARE A1+ Issue* Placed on credit watch (A One Plus) Commercial Paper with negative 150.00 (Credit watch with negative Issue^ implications implications) Commercial Paper Issue 350.00 CARE AA - (FD) Fixed Deposit (Double A Minus) 700.00 Programme (Credit watch with negative implications) *Carved out of working capital limits ^As per undertaking submitted by FRL to CARE, the outstanding
From the report
FEL plans to divest its stake in Future Generali India Insurance business over the medium term and use it to repay debt to a certain extent.
From the report
Liquidity Position: Adequate FEL (Combined) has adequate liquidity in the form of cash and cash equivalents to the tune of Rs. 411 crore as onAugust 31, 2019, moderate utilised working capital limits (average utilisation of FEL and FRL for trailing 12 months Aug-19 stands at 64% and 70% respectively.) and expected cash generation of Rs. 2,126 crore in FY20 as against scheduled debt repayment aggregating to Rs. 134 crore.
From the report
Liquidity Position: Adequate FEL (Combined) has adequate liquidity in the form of cash and cash equivalents to the tune of Rs. 411 crore as onAugust 31, 2019, moderate utilised working capital limits (average utilisation of FEL and FRL for trailing 12 months Aug-19 stands at 64% and 70% respectively.) and expected cash generation of Rs. 2,126 crore in FY20 as against scheduled debt repayment aggregating to Rs. 134 crore.
From the report
Outlook: Negative] Stable) *Carved out of working capital limits ^As per undertaking submitted by FEL to CARE, the outstanding CP including working capital borrowings will not exceed lower of the sanctioned working capital limits or drawing power at any point of time.
From the report
Also, change in FDI norms can lead to further competition. 2 CARE Ratings Limited Press Release Liquidity Position: FEL (Combined) as on May 31, 2019, has a cash & cash equivalents of Rs. 394.28 crore.
From the report
Average fund based utilisation of FRL for 12 months ending has been around 63% for 12 months ending May-19.
From the report
Press Release Future Enterprises Limited January 18, 2019 Ratings 1 Instrument Amount (Rs. crore) Rating Rating Action CARE A1+ Commercial Paper (CP) issue* 150.00 Reaffirmed (A One Plus) CARE A1+ Commercial Paper (CP) issue^ 150.00 Reaffirmed (A One Plus) 350.00 CARE A1+ Commercial Paper (CP) issue Reaffirmed (enhanced from 250.00) (A One Plus) 650.00 Total (Rupees Six hundred fifty crore only) *carved out of the sanctioned working capital limits of the company. ^As per undertaking submitted by FEL to CARE, the outstanding CP including working capital borrowings will not exceed lower of the s
From the report
Average fund based utilization of FRL for 12 months ending has been around 53% for 12 months ending Nov.18.
From the report
Average fund based utilization of FEL for 12 months ending has been around 55% for Sep 18.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Future Enterprises Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Eternal Limited | Discovered Companies · Other Industries | — | — | New Delhi, Delhi, India |
 Swiggy |
E-commerce · Food Delivery | swiggy.com | 2014 | Bangalore, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
 FSN E-Commerce Ventures Limited |
· Trading | nykaa.com | 2012 | Mumbai, Maharashtra, India |
 One97 Communications |
Product & Internet Companies · IT Services & Software | one97.com | 2000 | India |
| Lenskart Solutions Limited | Discovered Companies · Other Industries | — | — | New Delhi, Delhi, India |
 Brainbees Solutions Limited |
Discovered Companies · Other Industries | firstcry.com | 2010 | Pune, Maharashtra, India |
| Medplus Health Services Limited | Discovered Companies · Other Industries | — | — | Hyderabad, Telangana, India |
| Entero Healthcare Solutions Limited | Formulations & Contract Manufacturing · Pharmaceuticals & Healthcare | — | — | Faridabad, Haryana, India |
| Product & Internet Companies · IT Services & Software | infoedge.in | — | New Delhi, India |
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.