Business Algorithms Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.70 M
- Company Age 30 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 238.11 Cr
- Revenue Growth -0.15%
- Profit Growth 101.96%
- Ebitda -60.67%
- Net Worth 29.49%
- Total Assets 27.27%
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 five 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prashant Ugemuge  | Director | 01-Aug-2022 | Current |
| Jyotsana Ugemuge | Director | 01-Aug-2022 | Current |
Financial Performance of Business Algorithms.
Business Algorithms Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.15% decrease. The company also saw a substantial improvement in profitability, with a 101.96% increase in profit. The company's net worth Soared by an impressive increase of 29.49%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Business Algorithms?
In 2023, Business Algorithms had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vipl Infrastructure Private LimitedPrashant Ugemuge and Jyotsana Ugemuge are mutual person
Vipl Farms Private LimitedPrashant Ugemuge and Jyotsana Ugemuge are mutual person
Vidarbha Infotech Private LimitedPrashant Ugemuge and Jyotsana Ugemuge are mutual person
Vidarbha Amusement Park Private LimitedPrashant Ugemuge and Jyotsana Ugemuge are mutual person
Sufalam Industries LimitedPrashant Ugemuge and Jyotsana Ugemuge are mutual person
Vidarbha Infotech B Park Spv LlpPrashant Ugemuge is a mutual person
Charges (Loans)
₹2,381.05 M
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Shikshak Sahakari Bank Limited | ₹4.60 Cr | Open |
| 02 Mar 2024 | Others | ₹10.00 Cr | Open |
| 08 Dec 2023 | Others | ₹223.50 Cr | Open |
| 02 Jul 1996 | State Bank Of India | ₹0.05 M | Open |
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.
Deals i
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
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.
