Balan Engineering Private Limited

Balan Engineering Private Limited

Manufactures and sells electric vehicles and mobility devices for seniors and differently-abled individuals.
2019 | Bangaluru, Karnataka (India) | Active

Last Updated:

November 15, 2024
HomeCompanyBalan Engineering Private Limited

Who are the key members and board of directors at Balan Engineering?

Board Members(3)

NameDesignationAppointment DateStatus
Balakrishnan Kumar In Director 27-Mar-2019Current
Mrunalini Nandaa In Director 17-Sep-2020Current
Usha Nandakumar In Director 27-Mar-2019Current

Financial Performance of Balan Engineering.

Balan Engineering Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 515.25% increase. The company also saw a substantial fall in profitability, with a 746.94% decrease in profit. The company's net worth Soared by an impressive increase of 1971.72%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
515.25%
Revenue from Operations
515.44%
Total Assets
440.76%
Profit or Loss
-746.94%
Net Worth
1971.72%
EBITDA
-975.86%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges

₹20.67 Cr

LenderAmountStatus

State Bank Of India

Creation Date: 17 Dec 2022
₹19.15 CrOpen

Others

Creation Date: 25 Feb 2021
₹1.52 CrOpen

How Many Employees Work at Balan Engineering?

Balan Engineering has a workforce of 42 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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Latest Updates, News, and FAQs on Balan Engineering

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Balan Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge with State Bank Of India of Rs. 19.15 Cr registered on 17 Dec 2022 with Charge ID 100662679 was modified on 05 Aug 2023.

    05 Aug 2023

  • Charges

    A charge with State Bank Of India amounted to Rs. 19.15 Cr with Charge ID 100662679 was registered on 17 Dec 2022.

    17 Dec 2022

  • Charges

    A charge with Others of Rs. 1.52 Cr registered on 25 Feb 2021 with Charge ID 100426341 was modified on 13 Dec 2021.

    13 Dec 2021

  • Charges

    A charge with Others amounted to Rs. 1.52 Cr with Charge ID 100426341 was registered on 25 Feb 2021.

    25 Feb 2021

Frequently asked questions

  • Balan Engineering Private Limited was incorporated on 27 Mar 2019.

  • The authorized share capital of Balan Engineering Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.64 Cr.

  • Currently 3 directors are associated with Balan Engineering Private Limited.

    • Balakrishnan Nandaa Kumar
    • Mrunalini Kumar Nandaa
    • Usha Nandakumar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Balan Engineering Private Limited is No. 2 1St Main Cross Rmv 2Nd Stage, Dollars Colony India, Bangalore, Karnataka, 560094.

  • The corporate identification number (CIN) of Balan Engineering Private Limited is U74999KA2019PTC122772 and the company number is 122772 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Balan Engineering Private Limited is https://www.balaneng.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Balan Engineering Private Limited has risen by 515.25%.

  • As Per 2023 financial reports, 42 employees are currently employed by Balan Engineering Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Balan Engineering Private Limited has experienced an upsurge of 1971.72%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Balan Engineering Private Limited amount to ₹ 20.67 Cr.

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

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