Futuristic Solutions Ltd Company Summary

Futuristic Solutions Limited was originally incorporated on 21 September, 1983 under the name of Moral Leasing Private Limited. Subsequently the status of the Company got changed from Private Limited Company to Public Limited Company and obtained a fresh Certificate of Incorporation on 23 September, 1983. The Company came out with its Public Issue in year 1984 and got listed at Delhi Stock Exchange.

After Public Issue, the Company twice offered shares to their shareholders on Right basis in 1988 and 2000 respectively. In 2002, the name of the Company was changed from Moral Leasing Limited to Futuristic Solutions Limited. Company started business of leasing in 1985.

The present Management took over the Company in 1987 and proceeded with the then business of leasing. The present Management in early nineties envisaged the concept of providing futuristic solutions of arbitration cases, and then put in practice, has acquired success. With the passage of time and the development of new ideas the first agreement in the present field was executed on 2nd January, 1993.

Since then the Company followed the process of Asset Reconstruction i.e recovery of disputed debts, purchase, sale, discounting and dealing in actionable claims, disputed debts, recoverable debts etc which emerged as main parameter of the Company.Presently, the Company is engaged in the process of dispute resolutions and deals in debts/ claims/arbitration. Its main business is to provide futuristic solutions of arbitration cases, recovery of disputed debts, purchase, sale, discounting and dealing in actionable claims, disputed debts, recoverable debts etc.For the development and construction of the infrastructure in India, the Government entered into contract with the Construction companies for the various Infrastructure Projects like Construction of flyovers etc. On the completion of the contract, several times there arose a dispute over payments due to technical configuration.

The parties like Construction companies etc, who originally makes a claim on the Government settled their matter of claim because it became difficult and very time consuming for them to pursue the same. During the year 2024, Company mainly engaged in provided recovery of disputed debts and granting of personal/business loans. It also engaged in buying loan portfolios from other NBFCs.