About Bafna Devices Private Limited
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Bafna Devices Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 12 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29219MH2010PTC204106. Its GSTIN is 27AAECB2145E1Z3 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajendra Prithviraj Bafna and Paresh Prithviraj Bafna.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹39.13 Lakh (net margin 2.7%) and EBITDA of ₹73.6 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bafnadevices.in.
- EmailLocked
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- Website
- Social Media
- Registered Address304 3rd Floor Diamond Plaza Building Swastikcinema Compound Nr Naaz Cinema La, Mington Rd, Mumbai, Maharashtra, India – 400004
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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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Business Activity of Bafna Devices Private Limited
The main business activity of Bafna Devices is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bafna Devices Private Limited FY 2024 filings available
Bafna Devices Private Limited reported revenue of ₹14.56 Cr (up 287% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Bafna Devices Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 287% growth in the latest year. EBITDA rose 236% 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 of Bafna Devices Private Limited
| 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 | ₹73.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.13 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 of Bafna Devices Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bafna Devices are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Bafna Devices Private Limited
Bafna Devices has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Prithviraj Bafna | Director | 12 Jun 2010 | 16 Years 4 Months | Current |
| Paresh Prithviraj Bafna | Director | 12 Jun 2010 | 16 Years 4 Months | Current |
Peer Comparison of Bafna Devices Private Limited
Bafna Devices Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orbital Mekatronik Systems Private Limited | ₹14.71 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Thane, Maharashtra, India |
| Solvier Technologies Private Limited | ₹14.67 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Delhi, India |
| Thermosen Technologies Private Limited | ₹14.66 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Mahesh Barcode Solutions Private Limited | ₹14.64 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ahmedabad, Gujarat, India |
| Gameshastra Solutions Private Limited | ₹14.62 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Hyderabad, Telangana, India |
| Bafna Devices Private Limited this company | ₹14.56 Cr (FY 2024) | •••• | •••• | 287.0% | •••• | Mumbai, Maharashtra, India |
| Mantech Intellisys Private Limited | ₹14.52 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Dombivli, Maharashtra, India |
| Intellitech Electronic Solutions Limited | ₹14.51 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Delhi, India |
| Spectrum Solutions and Technologies Private Limited | ₹14.51 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Surat, Gujarat, India |
| Kaga Devices India Private Limited | ₹14.38 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Citi Solutions Private Limited | ₹14.37 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Bafna Devices by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bafna Devices Private Limited
Bafna Devices Private Limited is audited by R R KABRA AND BIRLA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R R KABRA AND BIRLA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Bafna Devices Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bafna Devices Private Limited
Bafna Devices Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bafna Devices Private Limited
Employment history and EPFO contributions of people linked to Bafna Devices.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bafna Devices Private Limited
Bafna Devices Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Khushbu Paresh Bafna ceased to be Director on 01 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts for Bafna Devices Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bafna Devices Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bafna Devices Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bafna Devices Private Limited
Bafna Devices has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB2145E1Z3 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bafna Devices Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bafna Devices Private Limited
Bafna Devices is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 12 June 2010 (16+ years old) and is registered under CIN U29219MH2010PTC204106.
Bafna Devices reported revenue of ₹14.56 Cr for FY 2024 (up 287% YoY).
Bafna Devices has 2 current directors:
- Rajendra Prithviraj Bafna - Director
- Paresh Prithviraj Bafna - Director
Bafna Devices reported a net profit of ₹39.13 Lakh (net margin 2.7%) and EBITDA of ₹73.6 Lakh (EBITDA margin 5.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bafna Devices is 6% over five years. In the latest year (FY 2024) revenue rose 287%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bafna Devices is 27AAECB2145E1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bafna Devices is U29219MH2010PTC204106. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bafna Devices was incorporated on 12 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bafna Devices by revenue are Orbital Mekatronik Systems Private Limited, Solvier Technologies Private Limited, Thermosen Technologies Private Limited, Mahesh Barcode Solutions Private Limited, Gameshastra Solutions Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Khushbu Paresh Bafna ceased to be Director on 01 Sep 2021. Paresh Prithviraj Bafna was appointed as Director on 12 Jun 2010. Rajendra Prithviraj Bafna was appointed as Director on 12 Jun 2010.
Bafna Devices can be reached through the website bafnadevices.in. Its registered office is in Mumbai, Maharashtra, India.