Balas Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 3.90 M
- Company Age 28 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.96 Cr
- Revenue Growth -24.35%
- Profit Growth -141.45%
- Ebitda -59.31%
- Net Worth -0.55%
- Total Assets -15.29%
About Balas Industries
Balas Industries Private Limited (BIPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 June 1996 and has a history of 28 years and eight months. Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Consumer Electronics & Durables 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 1.00 Cr and a paid-up capital of Rs 3.90 M.
The company has closed loans amounting to ₹1.96 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Sachin Khira, Pranav Khira, and Sonalben Khira serve as directors at the Company.
Company Details
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Location
Ahmedabad, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U45300GJ1996PTC029827
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Company No.
029827
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
05 Jun 1996
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
What products or services does Balas Industries Private Limited offer?
Balas Industries Private Limited offers a wide range of products and services, including Industrial Racks & Storage System, Automated Storage & Retrieval System, Warehouse Mezzanines, Furniture Racks & Shelves, Shelf Unit, Warehouse Racks, Office & Commercial Furniture, Office Furniture, Pallet Racks, Buckets, Mugs & Storage Bins.
Who are the key members and board of directors at Balas Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sachin Khira
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Director | 05-Jun-1997 | Current |
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Pranav Khira
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Director | 05-Jun-1997 | Current |
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Sonalben Khira
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Director | 05-Jun-1997 | Current |
Financial Performance of Balas Industries.
Balas Industries Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 24.35% decrease. The company also saw a substantial fall in profitability, with a 141.45% decrease in profit. The company's net worth dipped by a decrease of 0.55%.
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What is the Ownership and Shareholding Structure of Balas Industries?
In 2018, Balas Industries had a promoter holding of 87.19% and a public holding of 12.81%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Khira Steel Works Private LimitedSachin Khira and Pranav Khira are mutual person
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Khira Appliances Private Limited
Sonalben Khira is a mutual person
Charges (Loans)
₹0
₹1.96 Cr
Charges Breakdown by Lending Institutions
- Bank Of Maharashtra : 1.66 Cr
- The Union Co-Op Bank Ltd. : 0.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 May 2007 | Bank Of Maharashtra | ₹5.80 M | Satisfied |
| 19 May 2007 | Bank Of Maharashtra | ₹1.08 Cr | Satisfied |
| 30 Nov 2004 | The Union Co-Op Bank Ltd. | ₹3.00 M | Satisfied |
How Many Employees Work at Balas Industries?
Balas Industries has a workforce of 11 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Balas Industries, 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 Balas Industries's trajectory.
Rating
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
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.
