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Future Consumer Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Subhikshith Finance & Investments Limited on July 10, 1996 and commenced business on August 2, 1996 in Tamil Nadu. The RBI granted a certificate of registration dated March 9, 1998 permitting the Company to carry on the business of a NBFC as a 'non-deposit taking company.' The Company became a private limited company on August 10, 2001 and its name was consequently changed to Subhikshith Finance & Investments Private Limited ('Subhikshith'). The Registrar of Companies, Tamil Nadu issued a fresh certificate of incorporation on September 17, 2001. The RBI granted a certificate of registration dated June 18, 2007 consequent to the change of name permitting the Company to carry on the business of a NBFC as a 'non-deposit taking company.' The Company was engaged in the business of granting loans and financing.


On July 14, 2007 Pantaloon Future Ventures Limited ('PFVL') (name has been changed to Future Value Retail Limited on November 16, 2009) the wholly owned subsidiary of Pantaloon Retail (India) Limited acquired 2,93,700 Equity Shares of face value ' 10 each, constituting 100% of the total issued, subscribed and paid-up share capital of Subhikshith through a share purchase agreement dated July 3, 2007 between PFVL, R. Sankar, V. Thirumalai and
Subhikshith . In consideration of the purchase, PFVL paid an aggregate sum of ' 58 lakhs to R. Sankar and V Thirumalai. Pursuant to the acquisition, Subhikshith became a wholly owned subsidiary of PFVL.


The Company changed its name from Subhikshith Finance & Investments Private Limited to Future Ventures India Private Limited through a special resolution passed at the EGM of the Company held on July 19, 2007. The fresh certificate of incorporation consequent on change of name was granted by the ROC to the Company on August 9, 2007. Further, upon ceasing to be a private limited company, the word private was deleted through a special resolution at the EGM of the Company held on August 10, 2007. The fresh certificate of incorporation consequent to
the change of name was granted by the ROC to the Company on September 7, 2007.

Major Events

Fiscal Year
1996

Incorporated as Subhikshith Finance & Investments Limited.

1997

Granted certificate of registration by the RBI to carry on the business of an NBFC as a 'non-deposit
taking company.'

2001

Converted from a public limited company to a private limited company.

2007

RBI granted a fresh certificate of registration to carry on business of a NBFC as a 'non-deposit
taking company' on change of name to Subhikshith Finance & Investments Private Limited.

Subhikshith Finance & Investments Private Limited became a wholly-owned subsidiary of
Pantaloon Future Ventures Limited (now known as Future Value Retail Limited). The name of
the Company was changed to Future Ventures India Private Limited.

Company was converted to a public limited company and the name of the Company was
changed to Future Ventures India Limited.

RBI granted a fresh certificate of registration to carry on the business of a NBFC as a 'nondeposit
taking company' on change of name to Future Ventures India Limited.

Company entered into agreements to purchase securities of Biba Apparels Private Limited,
Sankalp Retail Value Stores Private Limited and SSIPL Retail Private Limited.

2008

Company entered into agreements to purchase securities of Footmart Retail (India) Limited,
Convergem Communications (India) Limited, Aadhaar Retailing Limited, Indus-League
Clothing Limited, Lee Cooper (India) Limited, Celio Future Fashions Limited, Indus Tree Crafts
Private Limited, AND Designs India Limited, Turtle Limited subject to completion of conditions
precedent.

Company entered into a consulting and advisory services agreement with Future Capital
Holdings Limited.

Company opted for conversion of 7,000 fully convertible debentures into equity shares of Biba
Apparels Private Limited.

2009

Company entered into an agreement for purchase of securities of Star Shopping Centres Private
Limited.

The registered office of the Company was shifted from the State of Tamil Nadu to the State of
Maharashtra.

Company made investments in the equity shares and preference shares of Lee Cooper (India)
Limited.

Company increased its stake in Indus-League Clothing Limited and AND Designs India Limited.
Company made investments in Holii Accessories Private Limited.

2010

Company transferred its entire shareholding in Celio Future Fashions Limited, Lee Cooper
(India) Limited and Turtle Limited in favour of Indus-League Clothing Limited, a subsidiary of
the Company.

Company transferred its entire shareholding in Star Shopping Centres Private Limited in favour
of Future Realtors (India) Private Limited and divested its stake in the aforesaid company in
July, 2010.

Company transferred its entire shareholding in Sankalp Retail Value Stores Private Limited and
Foot Mart Retail India Limited to Juhis Idea Mercantile Private Limited and Blessings
Mercantile Private Limited, respectively.

Company made investments in the equity shares of Capital Foods Exportts Private Limited,
Future Consumer Enterprises Limited and Future Consumer Products Limited, and increased its
shareholding in Indus-League Clothing Limited and Indus Tree Crafts Private Limited.

Company issued Equity Shares increasing the paid-up equity share capital of the Company by
45,740 lakhs.

Company subscribed to 9,200 equity shares issued by BIBA Apparels Private Limited.

Company entered into a share purchase agreement with Sanjay Bindra for purchase of 11,750
equity shares of BIBA Apparels Private Limited.

Company entered into a share transfer cum purchase agreement with Sanjay Bindra, Punita
Bindra, Siddharth Bindra and Meena Bindra for purchase of up to 94,000 equity shares of BIBA
Apparels Private Limited.

Company acquired 2,50,000 equity shares of Indus-League Clothing Limited from Pantaloon
Employees Welfare Trust.

2011

Company subscribed to 10,00,000 equity shares issued by Holii Accessories Private Limited.

Company subscribed to 17,50,000 equity shares issued by Aadhaar Retailing Limited.

Company entered into a share subscription agreement and a shareholders agreement with
Idream Holdings Private Limited, Shripal Morakhia, Samir Patil and Amar Chitra Katha Private
Limited for subscribing to 122,598 equity shares of Amar Chitra Katha Private Limited.

Company transferred its entire shareholding in SSIPL Retail Private Limited to its subsidiary,
Indus-League Clothing Limited.