The listed financial services arm of the Future Group, Future Capital Holdings Ltd, has recorded a five-fold growth in its income to Rs 19.34 crore for the quarter ended 30 June 2008 from Rs 3.32 crore during the same period last year. In Q1 results announced today, FCH has said that the company has reduced its losses to Rs 1.36 crore in Q1 this year from Rs 3.11 crore during the same quarter the previous year.
The break-up of the income is not available. FCH includes the entire financial services foray of the group such as the advisory services to private equity funds, credit business and the mutual funds business.
FCH’s advisory business include 150 people and Rs 6,000 crore of assets under advisory across private equity and real estate. The last quarter saw the first close of $350 million Indospace Logistics Partners, a logistics fund formed to invest in industrial warehousing facilities across India. The FCH-Realterm joint venture will advise the investment manager of IndoSpace Logistics Partners. FCH has formed an equal joint venture with Realterm Global, a part of North America’s leading air cargo distributor Aeroterm, to form the advisory business for the logistics fund.
FCH also owns Indivision India Partners, a private equity fund, which had invested in Percept Ltd, an entertainment media and communications company and Centrum Capital Ltd, a SEBI-registered Category I merchant banker. Leave Your Comment