Balar Synthetics Private Limited

Manufacturer of synthetic fabrics from polyester viscose yarn with large production capacity.

1996 | Bhilwara, Rajasthan (India) | Active
Last Updated:

Balar Synthetics Profile

Key Indicators

  • Authorised Capital ₹ 8.50 Cr
  • Paid Up Capital ₹ 7.93 Cr
  • Company Age 28 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 157.20 Cr
  • Satisfied Charges ₹ 154.78 Cr
  • Revenue Growth 35.37%
  • Profit Growth 80.42%
  • Ebitda 36.44%
  • Net Worth 23.26%
  • Total Assets -7.29%

About Balar Synthetics

Balar Synthetics Private Limited (BSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 July 1996 and has a history of 28 years and nine months. Its registered office is in Bhilwara, Rajasthan, India.

The Company is engaged in the Manufacturing 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 8.50 Cr and a paid-up capital of Rs 7.93 Cr.

The company currently has active open charges totaling ₹157.20 Cr. The company has closed loans amounting to ₹154.78 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Balar Synthetics Private Limited India is Astha Mehta as COMPANY SECRETARY. Suresh Jain, Meena Jain, Vipul Jain, and One other member serve as directors at the Company.

Company Details

  • Location

    Bhilwara, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24302RJ1996PTC012300

  • Company No.

    012300

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Jul 1996

  • Date of AGM

    09 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jaipur

Industry

Manufacturing
Company report

Balar Synthetics Private Limited

Explore comprehensive data for Balar Synthetics Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Balar Synthetics?

Executive Team (2)

NameDesignationAppointment DateStatus
Suresh Jain Country flag representing In Managing Director08-Jul-1996Current
Astha Mehta Country flag representing In Company Secretary01-May-2017Current

Board Members (3)

NameDesignationAppointment DateStatus
Meena Jain Country flag representing In Director 26-Nov-2009Current
Vipul Jain Country flag representing In Whole-Time Director 05-Aug-2021Current
Girish Balar Country flag representing In Whole-Time Director 05-Aug-2021Current

Financial Performance of Balar Synthetics.

Balar Synthetics Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 35.37% increase. The company also saw a substantial improvement in profitability, with a 80.42% increase in profit. The company's net worth Soared by an impressive increase of 23.26%.

Balar Synthetics revenue growth over time
Balar Synthetics 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
35.37%
Revenue from Operations
35.33%
Total Assets
-7.29%
Profit or Loss
80.42%
Net Worth
23.26%
EBITDA
36.44%

What is the Ownership and Shareholding Structure of Balar Synthetics?

In 2023, Balar Synthetics had a promoter holding of 76.65% and a public holding of 23.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹157.20 Cr

Satisfied Charges

₹154.78 Cr

Charges Breakdown by Lending Institutions

  • Others : 152.25 Cr
  • Hdfc Bank Limited : 3.94 Cr
  • Rajasthan Financial Corporation : 1.01 Cr

Latest Charge Details

DateLenderAmountStatus
21 Dec 2023Hdfc Bank Limited₹3.72 MOpen
09 Aug 2023Others₹27.00 CrOpen
27 Mar 2023Hdfc Bank Limited₹2.09 CrOpen
18 Mar 2023Others₹90.00 CrOpen
24 Feb 2023Hdfc Bank Limited₹1.05 CrOpen

How Many Employees Work at Balar Synthetics?

Balar Synthetics has a workforce of 313 employees as of Mar 22, 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.

Employee growth trends for Balar Synthetics Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Balar Synthetics, 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 Balar Synthetics'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 Balar Synthetics

Recent activity within the organization

  • Annual General Meeting

    Balar Synthetics Private Limited last Annual general meeting of members was held on 09 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 04 Mar 2020 via Charge ID 100327948 with Others was fully satisfied on 29 Aug 2024.

  • Charges

    A charge registered on 24 Oct 2019 via Charge ID 100297678 with Others was fully satisfied on 29 Aug 2024.

  • Charges

    A charge registered on 17 Oct 2019 via Charge ID 100297679 with Others was fully satisfied on 29 Aug 2024.

  • Charges

    A charge registered on 16 Feb 2021 via Charge ID 100417359 with Others was fully satisfied on 30 Jul 2024.

  • Charges

    A charge registered on 07 Sep 2018 via Charge ID 100201867 with Others was fully satisfied on 30 Jul 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Balar Synthetics Private Limited?

    Balar Synthetics Private Limited was incorporated on 08 Jul 1996.

  • What is authorized share capital and paid-up capital of Balar Synthetics Private Limited?

    The authorized share capital of Balar Synthetics Private Limited is ₹ 8.50 Cr and paid-up capital is ₹ 7.93 Cr.

  • Who are the current board members & directors of Balar Synthetics Private Limited?

    Currently 5 directors are associated with Balar Synthetics Private Limited.

    • Suresh Kumar Jain
    • Meena Jain
    • Vipul Kumar Jain
    • Girish Balar
    • Astha Mehta

  • What is the registered address of Balar Synthetics Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Balar Synthetics Private Limited is Duduwala Compound Behind D Block Textile Market, Pur Road India, Bhilwara, Rajasthan, 311001.

  • What is the corporate identification number (CIN) and company number of Balar Synthetics Private Limited?

    The corporate identification number (CIN) of Balar Synthetics Private Limited is U24302RJ1996PTC012300 and the company number is 012300 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Balar Synthetics Private Limited?

    The Official website of Balar Synthetics Private Limited is https://www.balarindia.com

  • What has been the recent revenue trend for Balar Synthetics Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Balar Synthetics Private Limited has risen by 35.37%.

  • How many employees does Balar Synthetics Private Limited currently have?

    As Per 2023 financial reports, 313 employees are currently employed by Balar Synthetics Private Limited.

  • What change has been observed in the net worth of Balar Synthetics Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Balar Synthetics Private Limited has experienced an upsurge of 23.26%.

  • What are the total open charges for Balar Synthetics Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Balar Synthetics Private Limited amount to ₹ 157.20 Cr.

  • When was the last Balance Sheet of Balar Synthetics Private Limited filed with the ROC?

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

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