Business Algorithms Private Limited

IT solutions provider and computer/accessory trader, authorized partner for HP products, incorporated in 1994.

1994 | Nagpur, Maharashtra (India) | Active
Last Updated:

Business Algorithms Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.70 M
  • Company Age 30 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 238.11 Cr
  • Revenue Growth 3.07%
  • Profit Growth 101.95%
  • Ebitda -29.24%
  • Net Worth 29.49%
  • Total Assets 38.79%

About Business Algorithms

Business Algorithms Private Limited (BAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 August 1994 and has a history of 30 years and seven months. Its registered office is in Nagpur, Maharashtra, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.70 M.

The company currently has active open charges totaling ₹238.11 Cr.

Prashant Ugemuge and Jyotsana Ugemuge serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72900MH1994PTC080566

  • Company No.

    080566

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Aug 1994

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

What products or services does Business Algorithms Private Limited offer?

Business Algorithms Private Limited offers a wide range of products and services, including Heater, Thermostat & Heating Devices, Water Heater & Geyser, Electric Water Heater.

Who are the key members and board of directors at Business Algorithms?

Board Members (2)

NameDesignationAppointment DateStatus
Prashant Ugemuge Country flag representing In Director 01-Aug-2022Current
Jyotsana Ugemuge Country flag representing In Director 01-Aug-2022Current

Financial Performance of Business Algorithms.

Business Algorithms Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 3.07% increase. The company also saw a substantial improvement in profitability, with a 101.95% increase in profit. The company's net worth Soared by an impressive increase of 29.49%.

Business Algorithms revenue growth over time
Business Algorithms 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
3.07%
Revenue from Operations
-8.79%
Total Assets
38.79%
Profit or Loss
101.95%
Net Worth
29.49%
EBITDA
-29.24%

What is the Ownership and Shareholding Structure of Business Algorithms?

Unlock access to Business Algorithms's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,381.05 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 233.50 Cr
  • Shikshak Sahakari Bank Limited : 4.60 Cr
  • State Bank Of India : 0.01 Cr

Latest Charge Details

DateLenderAmountStatus
28 Mar 2024Shikshak Sahakari Bank Limited₹4.60 CrOpen
02 Mar 2024Others₹10.00 CrOpen
08 Dec 2023Others₹223.50 CrOpen
02 Jul 1996State Bank Of India₹0.05 MOpen

How Many Employees Work at Business Algorithms?

Business Algorithms has a workforce of 19 employees as of Apr 04, 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 Business Algorithms Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Business Algorithms, 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 Business Algorithms'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 Business Algorithms

Recent activity within the organization

  • Charges

    A charge with Shikshak Sahakari Bank Limited amounted to Rs. 46.00 M with Charge ID 100905085 was registered on 28 Mar 2024.

  • Charges

    A charge with Others amounted to Rs. 100.00 M with Charge ID 100887958 was registered on 02 Mar 2024.

  • Charges

    A charge with Others amounted to Rs. 2,235.00 M with Charge ID 100829968 was registered on 08 Dec 2023.

  • Annual General Meeting

    Business Algorithms Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Business Algorithms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Director Appointment

    Prashant Bhaurao Ugemuge was appointed as a Director was appointed as a Director on 01 Aug 2022 & has been associated with this company since 2 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Business Algorithms Private Limited?

    Business Algorithms Private Limited was incorporated on 24 Aug 1994.

  • What is authorized share capital and paid-up capital of Business Algorithms Private Limited?

    The authorized share capital of Business Algorithms Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.70 M.

  • Who are the current board members & directors of Business Algorithms Private Limited?

    Currently 2 directors are associated with Business Algorithms Private Limited.

    • Prashant Bhaurao Ugemuge
    • Jyotsana Prashant Ugemuge

  • What is the registered address of Business Algorithms Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Business Algorithms Private Limited is Plot No 28 It Park Opp Gayatri Mandir Bus Station, Parsodi India, Nagpur, Maharashtra, 440022.

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

    The corporate identification number (CIN) of Business Algorithms Private Limited is U72900MH1994PTC080566 and the company number is 080566 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Business Algorithms Private Limited?

    The Official website of Business Algorithms Private Limited is https://www.balgo.com

  • What has been the recent revenue trend for Business Algorithms Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Business Algorithms Private Limited has risen by 3.07%.

  • How many employees does Business Algorithms Private Limited currently have?

    As Per 2023 financial reports, 19 employees are currently employed by Business Algorithms Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Business Algorithms Private Limited has experienced an upsurge of 29.49%.

  • What are the total open charges for Business Algorithms Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Business Algorithms Private Limited amount to ₹ 238.11 Cr.

  • When was the last Balance Sheet of Business Algorithms Private Limited filed with the ROC?

    The most recent Balance Sheet for Business Algorithms Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed