Balu Forge Industries Limited

Manufacturer of forged crankshafts and components for various industries including automotive, agriculture, and marine.

1989 | Mumbai, Maharashtra (India) | Active
Last Updated:

Balu Forge Industries Profile

Key Indicators

  • Authorised Capital ₹ 125.00 Cr
  • Paid Up Capital ₹ 109.44 Cr
  • Company Age 36 Year, 27 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 145.71 Cr
  • Revenue Growth -3.99%
  • Profit Growth 5.11%
  • Ebitda 12.94%
  • Net Worth 20.15%
  • Total Assets 23.32%

About Balu Forge Industries

Balu Forge Industries Limited (BFIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 March 1989 and has a history of 36 years. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531112.

The Corporate was formerly known as Amaze Entertech Limited. The Company is engaged in the Machinery And Equipment 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 125.00 Cr and a paid-up capital of Rs 109.44 Cr.

The company currently has active open charges totaling ₹145.71 Cr.

The Key Managerial Personnel (KMP) at Balu Forge Industries Limited India are Amit Todkari as CFO and Tabassum Begum as Company Secretary. Shalu Bhandari, Jaspalsingh Chandock, Raghvendra Mehta, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29100MH1989PLC255933

  • Company No.

    255933

  • Stock Symbol

    BSE : 531112

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Mar 1989

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment
Company report

Balu Forge Industries Limited

Explore comprehensive data for Balu Forge Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Balu Forge Industries?

Executive Team (3)

NameDesignationAppointment DateStatus
Jaspalsingh Chandock Country flag representing In Managing Director19-Nov-2020Current
Amit Todkari CFOCurrent
Tabassum Begum Country flag representing In Company SecretaryCurrent

Board Members (5)

NameDesignationAppointment DateStatus
Shalu Bhandari Country flag representing In Director 30-Jun-2021Current
Raghvendra Mehta Country flag representing In Director 30-Jun-2021Current
Jaikaran Chandock Country flag representing In Whole-Time Director 19-Nov-2020Current
Trimaan Chandock Country flag representing In Whole-Time Director 19-Nov-2020Current
Radhey Soni Country flag representing In Director 30-Jun-2021Current

Financial Performance of Balu Forge Industries.

Balu Forge Industries Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.99% decrease. The company also saw a slight improvement in profitability, with a 5.11% increase in profit. The company's net worth Soared by an impressive increase of 20.15%.

Balu Forge Industries revenue growth over time
Balu Forge Industries 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
-3.99%
Revenue from Operations
-5.61%
Total Assets
23.32%
Profit or Loss
5.11%
Net Worth
20.15%
EBITDA
12.94%

What is the Ownership and Shareholding Structure of Balu Forge Industries?

In 2023, Balu Forge Industries had a promoter holding of 65.41% and a public holding of 34.59%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹145.71 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 141.37 Cr
  • Axis Bank Limited : 4.34 Cr

Latest Charge Details

DateLenderAmountStatus
17 Aug 2024Others₹0.78 MOpen
07 Jun 2024Others₹1.35 MOpen
28 Mar 2024Axis Bank Limited₹2.14 MOpen
28 Mar 2024Axis Bank Limited₹0.80 MOpen
29 Jan 2024Axis Bank Limited₹2.10 CrOpen

How Many Employees Work at Balu Forge Industries?

Balu Forge Industries has a workforce of 104 employees as of Apr 03, 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 Balu Forge Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Balu Forge 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 Balu Forge Industries'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 Balu Forge Industries

Recent activity within the organization

  • Annual General Meeting

    Balu Forge Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100962925 was registered on 17 Aug 2024.

  • Charges

    A charge with Others of Rs. 111.00 Cr registered on 07 May 2021 with Charge ID 100445581 was modified on 24 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100940744 was registered on 07 Jun 2024.

  • Balance Sheet

    Balu Forge Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100900273 was registered on 28 Mar 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Balu Forge Industries Limited?

    Balu Forge Industries Limited was incorporated on 17 Mar 1989.

  • What is authorized share capital and paid-up capital of Balu Forge Industries Limited?

    The authorized share capital of Balu Forge Industries Limited is ₹ 125.00 Cr and paid-up capital is ₹ 109.44 Cr.

  • Who are the current board members & directors of Balu Forge Industries Limited?

    Currently 8 directors are associated with Balu Forge Industries Limited.

    • Shalu Laxmanraj Bhandari
    • Jaspalsingh Prehladsingh Chandock
    • Raghvendra Raj Mehta
    • Trimaan Jaspalsingh Chandock
    • Jaikaran Jaspalsingh Chandock
    • Radhey Shyam Soni
    • Amit Ashok Todkari
    • Tabassum Begum

  • What is the registered address of Balu Forge Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Balu Forge Industries Limited is 506 5Th Floor Imperial Palace 45 Telly Park Road, Andheri (East) India, Mumbai, Maharashtra, 400069.

  • What is the corporate identification number (CIN) and company number of Balu Forge Industries Limited?

    The corporate identification number (CIN) of Balu Forge Industries Limited is L29100MH1989PLC255933 and the company number is 255933 as per Ministry of Corporate Affairs (MCA).

  • Is Balu Forge Industries Limited registered with any stock exchange in India?

    Yes, Balu Forge Industries Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Balu Forge Industries Limited?

    The Official website of Balu Forge Industries Limited is https://www.baluindustries.com

  • What has been the recent revenue trend for Balu Forge Industries Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Balu Forge Industries Limited has fallen by -3.99%.

  • How many employees does Balu Forge Industries Limited currently have?

    As Per 2023 financial reports, 104 employees are currently employed by Balu Forge Industries Limited.

  • What change has been observed in the net worth of Balu Forge Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Balu Forge Industries Limited has experienced an upsurge of 20.15%.

  • What are the total open charges for Balu Forge Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Balu Forge Industries Limited amount to ₹ 145.71 Cr.

  • When was the last Balance Sheet of Balu Forge Industries Limited filed with the ROC?

    The most recent Balance Sheet for Balu Forge Industries Limited was filed with the ROC on 31 Mar 2024.

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