Financial Technologies India Limited (FTIL) has been massively affected after the NSEL payment crisis in July 2013.

1. Downturn of FTIL’s income

2. Agenda
 Introduction
 FTIL’s consolidated results
 Increase in legal costs
 FTIL’s forfeiture
 Conclusion

3. Introduction
 Financial Technologies India Limited (FTIL) has been massively
affected after the NSEL payment crisis in July 2013
 According to latest financial statements released by FTIL, total
income has fallen considerably
 Total Income has fallen to around 72% between financial years
ended March 2013 & March 2015.
 According to the consolidated segment-wise results, income
from exchange-based services like trading platforms for
currency & commodity exchanges has dropped
 Income from exchange-based services fell to Rs.18.08 crores in
the last financial year.

4. FTIL’s consolidated results
 FTIL could not declare consolidated results for last 2 years after
NSEL faced default by borrowers on its platform of Rs 5,600 crores
 FTIL has released consolidated financial statements for financial
years 2012-13 (amended), 2013-14 & 2014-15 for the first time
 This was mainly due to announcements by auditors that NSEL
statements for financial year 2012-13 could not be relied upon due
to the crisis

5. Increase in Legal costs
 NSEL-related litigations fees crossed Rs. 100 crores.
 FTIL paid Rs.102.73 crores as legal & professional charges in the
financial year 2014-15
 legal & professional charges amounted to Rs.92.06 crores in the
previous year.
 In the year ended March 2013, only Rs.22.1 crores was paid as legal
fees.

6. FTIL’s forfeiture
 Payment crisis at NSEL attracted litigation in the Company Law
Board, Bombay High Court, Supreme Court, & MPID court.
 After NSEL crisis, Forward Markets Commission & Securities &
Exchange Board of India declared FTIL an entity unfit to hold a
stake in any exchange
 FTIL has challenged the regulatory orders
 However FTIL was compelled to sell its stake in MCX &
Metropolitan Stock Exchange of India Ltd (mSXI)

7. Conclusion
 FT could only complete audit of some group companies & posted
a consolidated income from operations of Rs 191.12 crores for
2014-15 against Rs 735.08 crores in 2012-13
 NSEL suspended trading amid default on July 31, 2013
 In 2013-14, FTIL posted its income at Rs 557.29 crores