Balance Air Private Limited

Founded in 2017 and headquartered in Delhi, India.

2017 | Delhi (India) | Active
Last Updated: January 08, 2025

Balance Air Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 7 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.80 Cr
  • Revenue Growth 441.96%
  • Profit Growth -633.27%
  • Ebitda -600.18%
  • Net Worth -18.91%
  • Total Assets 13.08%

About Balance Air

Balance Air Private Limited (BAPL) is a Private Limited Indian Non-Government Company incorporated in India on 19 September 2017 (Seven years and four months 15 days old ). Its registered office is in Delhi, India.

The Company is engaged in the Engineering Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹2.80 Cr.

Paramjit Bajaj and Rashpal Bajaj serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U93090DL2017PTC323906

  • Company No.

    323906

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Sep 2017

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Engineering

What products or services does Balance Air Private Limited offer?

Balance Air Private Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Submersible Pump.

Who are the key members and board of directors at Balance Air?

Board Members (2)

Name Designation Appointment Date Status
Paramjit Bajaj Country flag representing In Director 19-Sep-2017 Current
Rashpal Bajaj Country flag representing In Director 19-Sep-2017 Current

Financial Performance of Balance Air.

Balance Air Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 441.96% increase. The company also saw a substantial fall in profitability, with a 633.27% decrease in profit. The company's net worth observed a substantial decline by a decrease of 18.91%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
441.96%
Revenue from Operations
438.05%
Total Assets
13.08%
Profit or Loss
-633.27%
Net Worth
-18.91%
EBITDA
-600.18%

What is the Ownership and Shareholding Structure of Balance Air?

Unlock access to Balance Air's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹28.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 2.80 Cr

Latest Charge Details

Date Lender Amount Status
22 Feb 2024 Axis Bank Limited ₹2.80 Cr Open

How Many Employees Work at Balance Air?

Unlock and access historical data on people associated with Balance Air, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Balance Air, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Balance Air's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Balance Air

Recent activity within the organization

  • Annual General Meeting

    Balance Air Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Balance Air Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 28.00 M with Charge ID 100871378 was registered on 22 Feb 2024.

    22 Feb 2024

  • Director Appointment

    Paramjit Bajaj was appointed as a Director was appointed as a Director on 19 Sep 2017 & has been associated with this company since 7 years 4 months .

    19 Sep 2017

  • Director Appointment

    Rashpal Jit Bajaj was appointed as a Director was appointed as a Director on 19 Sep 2017 & has been associated with this company since 7 years 4 months .

    19 Sep 2017

  • Company Incorporation

    Balance Air Private Limited was registered on 19 Sep 2017 with Roc Delhi & aged 7 years 4 months as per MCA records.

    19 Sep 2017

Frequently asked questions

  • Balance Air Private Limited was incorporated on 19 Sep 2017.

  • The authorized share capital of Balance Air Private Limited is ₹ 5.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Balance Air Private Limited.

    • Paramjit Bajaj
    • Rashpal Jit Bajaj
  • As per Ministry of Corporate Affairs (Mca), the registered address of Balance Air Private Limited is E-76 L/P Basement, Kalkaji India, New Delhi, 110019.

  • The corporate identification number (CIN) of Balance Air Private Limited is U93090DL2017PTC323906 and the company number is 323906 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Balance Air Private Limited has risen by 441.96%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Balance Air Private Limited has experienced an downturn of -18.91%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Balance Air Private Limited amount to ₹ 2.80 Cr.

  • The most recent Balance Sheet for Balance Air Private Limited was filed with the ROC on 31 Mar 2024.