About Bafna Motors Private Limited
Data last updated:
Bafna Motors Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 22 October 1973.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50100MH1973PTC016956. Its GSTIN is 27AAACB4300K2Z0 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.2 Lakh. It is led by directors including Sumati Prasad Mishrilal Bafna and Nanda Sumatiprasad Bafna.
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 Puranik Capital Office No. 402, Puranik Builders Pvt Ltd Thane (M Corp.) Ghodbunder Road, Maharashtra, India – 400615.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.53 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹2 Lakh (net margin -2.4%) and EBITDA of ₹2.77 Lakh (EBITDA margin 3.4%). Revenue has declined at a compounded annual rate (CAGR) of 68% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹73 Cr and satisfied charges of ₹28.02 Cr on record. Court records list 56 cases involving the company, including 17 filed by the company and 39 filed against it; 9 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2 Lakh; the latest was in December 2008. The company has 2 MSME Form 1 returns on record between 2021 and 2022, listing 2 overdue payments to 1 micro and small supplier.
The last known website on record is bafnamotors.in.
Company details
Contact details
Bafna Motors Private Limited's registered office is in Thane, Maharashtra. Its website is bafnamotors.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPuranik Capital Office No. 402, Puranik Builders Pvt Ltd Thane (M Corp.) Ghodbunder Road, Maharashtra, India – 400615
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Bafna Motors 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
Financials of Bafna Motors Private Limited
FY 2024 filings availableBafna Motors Private Limited reported revenue of ₹82.53 Lakh (down 95% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years, including a 95% fall in the latest year. EBITDA fell 99% 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 | ₹82.53 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | -2.4% | ||||
| 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 Bafna Motors Private Limited, buy the company report.
Board of directors of Bafna Motors Private Limited
Bafna Motors has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumati Prasad Mishrilal Bafna Also directs: Abcn Technologies Private Limited, BNB Containers Private Limited, Bafna Motors (Ratnagiri) Private Limited and 5 more | Director | 12 Aug 1984 | 42 Years 2 Months | As last reported |
| Nanda Sumatiprasad Bafna Also directs: BNB Containers Private Limited, Bafna Motors (Ratnagiri) Private Limited, Panchavati Automobile Private Limited and 4 more | Director | 24 Apr 2023 | 3 Years 6 Months | As last reported |
| Devendra Munnalal Sharma Also directs: Bafna Motors (Ratnagiri) Private Limited, Bafna Motors (Mumbai) Private Limited, Sewa Finance Limited and 1 more | Director | 12 Oct 2020 | 6 Years 0 Months | As last reported |
Auditor
Bafna Motors Private Limited is audited by Anjali Ghatkar & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anjali Ghatkar & Co | FY 2024 | 137539W |
Shareholding
The shareholding of Bafna Motors Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bafna Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2020 | 100399418 | Hdfc Bank Limited | ₹3 Cr | Open | |
| 21 Dec 2016 | 100118797 | Others | ₹32.5 Cr | Open | |
| 27 Jul 2010 | 10238053 | Punjab & Maharashtra Co-Operative Bank Ltd. | ₹17.5 Cr | Open | |
| 27 Jul 2010 | 10238054 | Others | ₹20 Cr | Open | |
| 03 May 2017 | 100103059 | Tata Capital Financial Services Limited | ₹8.24 Cr | Satisfied |
To see the full charge records of Bafna Motors Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Bafna Motors Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2 Lakh; the latest was in December 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Funding round | ₹2 Lakh | Investors: Bafna Motors Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bafna Motors Private Limited has 56 court cases on record: 17 filed by Bafna Motors, 39 filed against it. 9 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 30 | 7 |
| High courts | 15 | 7 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against RRC International Freight Services Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed by the company against The United India Insurance Co. Ltd. 1 Anr. | Disposed |
| High Court, MAHARASHTRA | Appeal | Filed against the company by The Oriental Insucarnce Co Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
To see the full case history of Bafna Motors 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
Bafna Motors Private Limited has 2 MSME Form 1 returns on record between 2021 and 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| C.B.Chajjed & Co. |
To see the full MSME payment records of Bafna Motors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bafna Motors Private Limited has a workforce of 33 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Bafna Motors has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB4300K2Z0 | Maharashtra | Active | 23 Mar 2026 |
To see the full GST registrations and return filing status of Bafna Motors Private Limited, buy the company report.
Recent activity
Bafna Motors Private Limited has 8 board changes on record since 1984: 3 appointments and 5 cessations. The latest: Nanda Sumatiprasad Bafna was appointed as Director on 24 Apr 2023.
18 earlier events are in the company report.
Frequently asked questions
Bafna Motors is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Bafna Motors is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 22 October 1973 and is registered under CIN U50100MH1973PTC016956. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bafna Motors has 3 current directors:
- Sumati Prasad Mishrilal Bafna - Director
- Nanda Sumatiprasad Bafna - Director
- Devendra Munnalal Sharma - Director
The latest financial statements of Bafna Motors 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 CIN (Corporate Identification Number) of Bafna Motors is U50100MH1973PTC016956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bafna Motors has open charges of ₹73 Cr and satisfied charges of ₹28.02 Cr as per latest MCA filings.
Bafna Motors has 56 court cases on record: 17 filed by the company and 39 filed against it. 9 are pending. Most are in the district courts.
Bafna Motors was incorporated on 22 October 1973. It is registered with the Registrar of Companies, Mumbai.
Bafna Motors has 1 deal on record (1 funding round), with disclosed funding of ₹2 Lakh; the latest was in December 2008.
Nanda Sumatiprasad Bafna was appointed as Director on 24 Apr 2023. Devendra Munnalal Sharma ceased to be Additional Director on 31 Dec 2020. Devendra Munnalal Sharma was appointed as Director on 12 Oct 2020. Bafna Motors has 8 board changes on record in total.
Bafna Motors has 2 MSME Form 1 returns on record between 2021 and 2022, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Apr 2022.
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