Balas Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 3.90 M
- Company Age 28 Year, 9 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 nine 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
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45300GJ1996PTC029827
- Company No.
029827
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Jun 1996
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Consumer Electronics & Durables
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.
Balas Industries Private Limited
Explore comprehensive data for Balas Industries Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Balas Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sachin Khira  | Director | 05-Jun-1997 | Current |
| Pranav Khira | Director | 05-Jun-1997 | Current |
| Sonalben Khira | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Khira Steel Works Private LimitedSachin Khira and Pranav Khira are mutual person
- Khira Appliances Private Limited
Sonalben Khira is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Balas Industries
Recent activity within the organization
- Annual General Meeting
Balas Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Balas Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge registered on 24 May 2007 via Charge ID 10058171 with Bank Of Maharashtra was fully satisfied on 29 Jul 2021.
- Charges
A charge registered on 19 May 2007 via Charge ID 10058172 with Bank Of Maharashtra was fully satisfied on 29 Jul 2021.
- Charges
A charge with Bank Of Maharashtra of Rs. 0.58 Cr registered on 24 May 2007 with Charge ID 10058171 was modified on 10 Jul 2009.
- Charges
A charge with Bank Of Maharashtra of Rs. 1.08 Cr registered on 19 May 2007 with Charge ID 10058172 was modified on 15 Sep 2008.
Frequently asked questions
What is the Incorporation or founding date of Balas Industries Private Limited?
Balas Industries Private Limited was incorporated on 05 Jun 1996.
What is authorized share capital and paid-up capital of Balas Industries Private Limited?
The authorized share capital of Balas Industries Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 3.90 M.
Who are the current board members & directors of Balas Industries Private Limited?
Currently 3 directors are associated with Balas Industries Private Limited.
- Sachin Bhaskar Khira
- Pranav Bhaskarbhai Khira
- Sonalben Pranavbhai Khira
What is the registered address of Balas Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Balas Industries Private Limited is Block-F 607 Prahladnagar Trade Center, B/H Titanium City Vejalpur Ahmadabad India, Ahmadabad City, Gujarat, 380015.
What is the corporate identification number (CIN) and company number of Balas Industries Private Limited?
The corporate identification number (CIN) of Balas Industries Private Limited is U45300GJ1996PTC029827 and the company number is 029827 as per Ministry of Corporate Affairs (MCA).
What is the official website of Balas Industries Private Limited?
The Official website of Balas Industries Private Limited is https://www.balasfurniture.com
What has been the recent revenue trend for Balas Industries Private Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Balas Industries Private Limited has fallen by -24.35%.
How many employees does Balas Industries Private Limited currently have?
As Per 2020 financial reports, 11 employees are currently employed by Balas Industries Private Limited.
What change has been observed in the net worth of Balas Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Balas Industries Private Limited has experienced an downturn of -0.55%.
When was the last Balance Sheet of Balas Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Balas Industries Private Limited was filed with the ROC on 31 Mar 2024.
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