Balodis Technologies Private Limited
About Balodis Technologies Private Limited
Data last updated:
Balodis Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 06 August 2015.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC082070. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹8.37 Lakh and a paid-up capital of ₹7.79 Lakh. It was led by directors Yeshu Surendra Singh and Deovrat Singh.
Its last annual general meeting (AGM) was held on 26 April 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at J.K.Ashwathlakshmi Heritage No.777 4th Block 80Ft Main Road Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.86 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net profit of ₹2.04 Lakh (net margin 0.5%) and EBITDA of ₹7.28 Lakh (EBITDA margin 1.9%).
The company had about 48 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: GoPigeon. Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending. The company has 6 deals on record (5 funding rounds, 1 acquisition), with disclosed funding of ₹13.36 Cr; the latest was in August 2017.
Company details
Contact details
Balodis Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressJ.K.Ashwathlakshmi Heritage No.777 4th Block 80Ft Main Road Koramangala, Bangalore, Karnataka, India – 560034
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Balodis Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Balodis Technologies operates one associated brand: GoPigeon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| On-demand first mile logistics service and courier aggregation marketplace | gopigeon.in |
Business activity
The main business activity of Balodis Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Balodis Technologies Private Limited, buy the company report.
Financials of Balodis Technologies Private Limited
FY 2018 filings availableBalodis Technologies Private Limited reported revenue of ₹3.86 Cr (down 74% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 74% in the latest year. EBITDA rose 101% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.86 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7.28 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.04 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.9% | ||
| Net Profit Margin | 0.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Balodis Technologies Private Limited, buy the company report.
Board of directors of Balodis Technologies Private Limited
Balodis Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yeshu Surendra Singh | Director | 06 Aug 2015 | 11 Years 3 Months | As last reported |
| Deovrat Singh | Director | 06 Aug 2015 | 11 Years 3 Months | As last reported |
Auditor
Balodis Technologies Private Limited is audited by H S JAGADEESH ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H S JAGADEESH ASSOCIATES | FY 2018 | 006646S |
Shareholding
The shareholding of Balodis Technologies Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Balodis Technologies Private Limited, buy the company report.
Deals & funding
Balodis Technologies Private Limited has 6 deals on record (5 funding rounds, 1 acquisition), with disclosed funding of ₹13.36 Cr; the latest was in August 2017.
Deals on record (2 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Acquisition | Undisclosed | Buyer: Narvar Inc. Seller: Nexus Venture Partners, 2 individuals |
| Aug 2015 | Funding round · Series A | ₹5 Cr | Investors: Nexus Venture Partners |
To see the full deal history of Balodis Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Balodis Technologies Private Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by M/S Busybees Logistics Solutions Pvt. Ltd. Through Director Rahul Kumar Agarwal | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by A M Marketplaces Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, East, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Balodis Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balodis Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Balodis Technologies Private Limited has a workforce of 48 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Balodis Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Balodis Technologies Private Limited, buy the company report.
Recent activity
Balodis Technologies Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Deovrat Singh was appointed as Director on 06 Aug 2015.
News
Frequently asked questions
Balodis Technologies has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Balodis Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 06 August 2015 and is registered under CIN U74900KA2015PTC082070. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Balodis Technologies was incorporated on 06 August 2015. It is registered with the Registrar of Companies, Bangalore.
Balodis Technologies had 2 directors:
- Yeshu Surendra Singh - Director
- Deovrat Singh - Director
The CIN (Corporate Identification Number) of Balodis Technologies is U74900KA2015PTC082070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Balodis Technologies is at J.K.Ashwathlakshmi Heritage No.777 4th Block 80Ft Main Road Koramangala, Bangalore, Karnataka, India – 560034.
The latest financial statements of Balodis Technologies on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 April 2018. Year-wise statements from FY 2016 are in the company report.
No. Balodis Technologies has 1 GST registration on record and it is cancelled or inactive.
Balodis Technologies operated in the transport and logistics industry, in the integrated and diversified logistics services segment.
Balodis Technologies has 6 deals on record (5 funding rounds, 1 acquisition), with disclosed funding of ₹13.36 Cr; the latest was in August 2017.
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