India's Richest People 2026 edition · 1 director · Source: Hurun India
- #182 Shrikant Shankar Badve & family ₹19,700 Cr
Revenue · FY 2024
₹253.21 Cr
▼ 18% YoY
Net profit · FY 2024
₹17.6 Cr
Net margin 7%
EBITDA · FY 2024
₹51.35 Cr
EBITDA margin 20.3%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹733.96 Cr
Satisfied ₹204.75 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
169
Provident fund records
About Badve Autotech Private Limited
Data last updated:
Badve Autotech Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 25 March 2014 and has been in existence for over 12 years.
Its director Shrikant Shankar Badve and family are #182 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2014PTC254928. Its GSTIN is 27AAFCB9076K2Z4 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Shrikant Shankar Badve and Nishikant Narharrao Joshi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shubhkamana Appartment Flat No.5 Osmanpura/G.Kheda, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2024, the company reported a revenue of ₹253.21 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹17.6 Cr (net margin 7%) and EBITDA of ₹51.35 Cr (EBITDA margin 20.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 169 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Belrise Industries and The Badve Group. As per MCA filings, the company has open charges of ₹733.96 Cr and satisfied charges of ₹204.75 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in April 2015. Its 4 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 3 smaller; the largest is Menon Pistons Limited with revenue of ₹255.38 Cr. The company has 3 MSME Form 1 returns on record between 2020 and 2021, listing 297 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website badvegroup.com.
Company details
CIN U29253MH2014PTC254928
Registration Number 254928
Incorporation Date 25 March 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Recognitions & Rankings of Badve Autotech
Contact details
Badve Autotech Private Limited's registered office is in Aurangabad, Maharashtra. Its website is badvegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShubhkamana Appartment Flat No.5 Osmanpura/G.Kheda, Aurangabad, Maharashtra, India – 431001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Badve Autotech Private Limited, buy the company report.
Comprehensive company report
Badve Autotech Private Limited - one report that includes everything
- 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
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Brands
Badve Autotech operates two associated brands: Belrise Industries and The Badve Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Components for automotive and white goods sectors are manufactured. | belriseindustries.com | |
| Manufacturing of automotive components and white goods in India. | badvegroup.com |
Business activity
The main business activity of Badve Autotech is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Badve Autotech Private Limited, buy the company report.
Financials of Badve Autotech Private Limited
FY 2024 filings availableBadve Autotech Private Limited reported revenue of ₹253.21 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹253.21 Cr ▼ 18%
Net profit · FY 2024
₹17.6 Cr margin 7%
EBITDA · FY 2024
₹51.35 Cr margin 20.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 8%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 11%
5 years · compounded
▲ 4%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 18% fall in the latest year. EBITDA fell 13% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.6 Cr | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | ||||
| Net Profit Margin | 7% | ||||
| 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 Badve Autotech Private Limited, buy the company report.
Board of directors of Badve Autotech Private Limited
Badve Autotech has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Shankar Badve Also directs: Belrise Industries Limited, Shreepriya Stamping and Tooling Private Limited, Swastid Engineering Private Limited and 5 more | Director | 15 Dec 2017 | 8 Years 10 Months | Current |
| Nishikant Narharrao Joshi | Director | 04 Apr 2023 | 3 Years 7 Months | Current |
Peer comparison
Badve Autotech Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Menon Pistons Limited | ₹255.38 Cr (FY 2025) | -1.0% | Kolhapur, Maharashtra, India | |||
| Badve Autotech Private Limitedthis company | ₹253.21 Cr (FY 2024) | ₹17.6 Cr | 7% | -18.0% | 169 | Aurangabad, Maharashtra, India |
| Trinity Engineers Private Limited | ₹250.72 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Auto International(India) Private Limited | ₹250.12 Cr (FY 2025) | 10.0% | Bhorakalan, Haryana, India | |||
| P.R. Rolling Mills Private Limited | ₹249.91 Cr (FY 2025) | 2.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Badve Autotech Private Limited, buy the company report.
Auditor
Badve Autotech Private Limited is audited by ASHOK PATIL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK PATIL & ASSOCIATES | FY 2023 | 122045W |
Shareholding
The shareholding of Badve Autotech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Badve Autotech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹733.96 Cr
Satisfied charges
₹204.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101103589 | Others | ₹12 Lakh | Open | |
| 30 Jul 2024 | 100966610 | Others | ₹341.08 Cr | Open | |
| 22 Apr 2021 | 100455397 | Canara Bank | ₹37.22 Cr | Open | |
| 18 Jan 2021 | 100414543 | Bank of India | ₹193.12 Cr | Open | |
| 27 Oct 2016 | 100067361 | Syndicate Bank | ₹10.45 Lakh | Open |
To see the full charge records of Badve Autotech Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Badve Autotech Private Limited has 1 deal on record (1 rights issue); the latest was in April 2015.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2015 | Rights issue | ₹4.99 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Badve Autotech Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed against the company by individuals | Pending |
| District court, Ahmedabad, Gujarat | Court case (PWAPP LC) | Filed against the company by an individual | Disposed |
To see the full case history of Badve Autotech 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.
Credit ratings & regulatory alerts
Badve Autotech Private Limited was last rated by Crisil on 07 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Jul 2020 |
To see the full credit ratings and regulatory alerts of Badve Autotech Private Limited, buy the company report.
MSME payment delays
Badve Autotech Private Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 297 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Asn Hotel LLP | |||
| an individual supplier | |||
| Ambika Stationary Mart | |||
| Jainico Coatings Private Limited | |||
| Pravin Rubber & Engg. Works |
To see the full MSME payment records of Badve Autotech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Badve Autotech Private Limited has a workforce of 169 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
169
Active EPFO establishments
2
Employee growth
19%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 169 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Badve Autotech Private Limited, buy the company report.
GST
Badve Autotech has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB9076K2Z4 | Maharashtra | Active | 02 Apr 2025 |
| 24AAFCB9076K1ZB | Gujarat | Active | 01 Jul 2017 |
| 24AAFCB9076K1DK | Gujarat | Active | 13 Jan 2025 |
To see the full GST registrations and return filing status of Badve Autotech Private Limited, buy the company report.
Recent activity
Badve Autotech Private Limited has 8 board changes on record since 2017: 2 appointments and 6 cessations. The latest: Nishikant Narharrao Joshi ceased to be Additional Director on 09 Apr 2023.
Charges
A charge registered on 22 Oct 2019 via Charge ID 100301328 with Others was fully satisfied on 17 Oct 2025.
Charges
A charge with Others amounted to Rs. 0.12 Cr with Charge ID 101103589 was registered on 21 May 2025.
Charges
A charge registered on 16 Dec 2021 via Charge ID 100516991 with Idbi Trusteeship Services Limited was fully satisfied on 13 Feb 2025.
AGM
Badve Autotech Private 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. 341.08 Cr with Charge ID 100966610 was registered on 30 Jul 2024.
Filing
Badve Autotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Nishikant Narharrao Joshi ceased to be Additional Director.
Appointed
Nishikant Narharrao Joshi was appointed as Director.
Charges
A charge with Canara Bank of Rs. 37.22 Cr registered on 22 Apr 2021 with Charge ID 100455397 was modified on 19 May 2022.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 50.00 Cr registered on 16 Dec 2021 with Charge ID 100516991 was modified on 17 Dec 2021.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 50.00 Cr with Charge ID 100516991 was registered on 16 Dec 2021.
Charges
A charge with Canara Bank amounted to Rs. 37.22 Cr with Charge ID 100455397 was registered on 22 Apr 2021.
18 earlier events are in the company report.
Frequently asked questions
Badve Autotech is an active private limited company based in Aurangabad, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 March 2014 (12+ years old) and is registered under CIN U29253MH2014PTC254928.
Badve Autotech has 2 current directors:
- Shrikant Shankar Badve - Director
- Nishikant Narharrao Joshi - Director
The latest financial statements of Badve Autotech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Badve Autotech is 27AAFCB9076K2Z4, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAFCB9076K1ZB (Gujarat), 24AAFCB9076K1DK (Gujarat).
The CIN (Corporate Identification Number) of Badve Autotech is U29253MH2014PTC254928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Badve Autotech has 2 court cases on record: 2 filed against it. 1 is pending.
Badve Autotech was incorporated on 25 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Badve Autotech has 1 deal on record (1 rights issue); the latest was in April 2015.
The peers of Badve Autotech by revenue are Menon Pistons Limited, Trinity Engineers Private Limited, Auto International(India) Private Limited, P.R. Rolling Mills Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products).
Nishikant Narharrao Joshi ceased to be Additional Director on 09 Apr 2023. Nishikant Narharrao Joshi was appointed as Director on 04 Apr 2023. Ashok Shridhar Jogalekar ceased to be Director on 05 Oct 2020. Badve Autotech has 8 board changes on record in total.
Badve Autotech has 3 MSME Form 1 returns on record between 2020 and 2021, listing 297 overdue payments to 39 micro and small suppliers. The latest return was filed on 26 Feb 2022.
Badve Autotech can be reached through the website badvegroup.com. Its registered office is in Aurangabad, Maharashtra, India.
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