About Balaji Engineering Limited
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Balaji Engineering Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 19 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2012PLC228386. Its GSTIN is 27AAECB9281F1ZI (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹25 Lakh. It is led by directors including Bipin Pralhad Jadhav (Managing Director) and Shruti Bipin Jadhav.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.29 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹4.08 Cr (net margin 13.9%) and EBITDA of ₹6.17 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 27% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.51 Cr and satisfied charges of ₹73.06 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balajiengineering.com.
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- Website
- Social MediaLocked
- Registered AddressA – 7 Chandivali Industrial Area Behind Coates Of India Ltd. Chandivali, Andheri(E), Mumbai, Maharashtra, India – 400072
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Balaji Engineering Limited
The main business activity of Balaji Engineering is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Balaji Engineering Limited FY 2023 filings available
Balaji Engineering Limited reported revenue of ₹29.29 Cr (up 52% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Balaji Engineering Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 52% growth in the latest year. EBITDA rose 278% 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 Balaji Engineering Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹29.29 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.08 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 of Balaji Engineering Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.9% | •••• | •••• | •••• | •••• |
| 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 Balaji Engineering 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.
Peer Comparison of Balaji Engineering Limited
Balaji Engineering Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Udehra Fastners Limited | ₹29.49 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Ludhiana, Punjab, India |
| Shreeji Seating Systems India Private Limited | ₹29.42 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Nashik, Maharashtra, India |
| Expo Forgings Private Limited | ₹29.37 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Chandigarh, India |
| Naini Exports Private Limited | ₹29.31 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Faridabad, Haryana, India |
| Arvindo Fabnoplast Pvt Ltd | ₹29.3 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Faridabad, Haryana, India |
| Balaji Engineering Limited this company | ₹29.29 Cr (FY 2023) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| DVB Technologies Private Limited | ₹29.2 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Arihant Dies & Moulds Private Limited | ₹29.1 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Delhi, India |
| Champion Components Private Limited | ₹29.08 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Synventive Molding Solutions JBJ Private Limited | ₹29.05 Cr (FY 2023) | •••• | •••• | 42.0% | •••• | New Delhi, Delhi, India |
| Mirapro India Private Limited | ₹29.03 Cr (FY 2025) | •••• | •••• | 294.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Balaji Engineering by revenue in the Machinery and Equipment industry (Tools and Components), 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 Balaji Engineering Limited
Balaji Engineering Limited is audited by DEVANG KUMAR DAND & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DEVANG KUMAR DAND & ASSOCIATES | 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.
Board of Directors of Balaji Engineering Limited
Balaji Engineering has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Pralhad Jadhav Also directs: Balaji Precision Tubes (India) Private Limited | Managing Director | 19 Mar 2012 | 14 Years 6 Months | Current |
| Shruti Bipin Jadhav | Director | 28 Sep 2023 | 3 Years 0 Months | Current |
| Rakesh B Patel | Director | 21 Feb 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of Balaji Engineering 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 Balaji Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2022 | Others | ₹76 Lakh | Open |
| 26 Apr 2021 | Others | ₹14.7 Lakh | Open |
| 08 Mar 2019 | Others | ₹30 Lakh | Open |
| 23 Sep 2013 | Others | ₹2.5 Cr | Open |
| 17 Sep 2013 | Nkgsb Co-Operative Bank Limited | ₹17.29 Lakh | Open |
Total charge records: 10 View all charges
MSME Payment Delays by Balaji Engineering Limited
Balaji Engineering Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 20 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Western Polyrub India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| R R Enterprises | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Balaji Engineering Limited
Balaji Engineering Limited has a workforce of 32 employees as of Apr 09, 2024.
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.
CIN History of Balaji Engineering Limited
Balaji Engineering has one previous CIN (Corporate Identification Number): U36912MH2012PTC228386. The current CIN is U36912MH2012PLC228386, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36912MH2012PLC228386 | Current |
| U36912MH2012PTC228386 | Previous |
Recent Activity on Balaji Engineering Limited
Balaji Engineering Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Rakesh B Patel was appointed as Director on 21 Feb 2024.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balaji Engineering 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.
Subsidiaries & Group Companies of Balaji Engineering 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 Balaji Engineering Limited
Balaji Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB9281F1ZI | 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 Balaji Engineering 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 Balaji Engineering Limited
Balaji Engineering is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 19 March 2012 (14+ years old) and is registered under CIN U36912MH2012PLC228386.
Balaji Engineering reported revenue of ₹29.29 Cr for FY 2023 (up 52% YoY).
Balaji Engineering has 3 current directors:
- Bipin Pralhad Jadhav - Managing Director
- Shruti Bipin Jadhav - Director
- Rakesh B Patel - Director
Balaji Engineering reported a net profit of ₹4.08 Cr (net margin 13.9%) and EBITDA of ₹6.17 Cr (EBITDA margin 21.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balaji Engineering is 44% over three years and 27% over five years. In the latest year (FY 2023) revenue rose 52%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balaji Engineering is 27AAECB9281F1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balaji Engineering is U36912MH2012PLC228386. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Engineering was incorporated on 19 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Balaji Engineering by revenue are Udehra Fastners Limited, Shreeji Seating Systems India Private Limited, Expo Forgings Private Limited, Naini Exports Private Limited, Arvindo Fabnoplast Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Rakesh B Patel was appointed as Director on 21 Feb 2024. Shruti Bipin Jadhav ceased to be Additional Director on 20 Feb 2024. Bipin Pralhad Jadhav ceased to be Director on 16 Feb 2024. Balaji Engineering has 6 board changes on record in total.
Yes, Balaji Engineering is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Balaji Engineering has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 20 overdue payments to 5 micro and small suppliers. The latest return was filed on 31 Aug 2023.