About Balaji Formalin Private Limited
Data last updated:
Balaji Formalin Private Limited is a private limited company based in Sanand, Gujarat, India. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 29 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24116GJ2002PTC040401. Its GSTIN is 24AABCB7062K1ZP (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.55 Cr and a paid-up capital of ₹3.58 Cr. It is led by directors Gupta Mahendrakumar and Mukesh Ratanlal Gupta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sanand, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹340.93 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹20.69 Cr (net margin 6.1%) and EBITDA of ₹53.84 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 16% over five years.
The company has about 53 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹59.04 Cr and satisfied charges of ₹328.42 Cr on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it; 2 cases are pending. The company has 13 deals on record (7 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹3.4 Cr; the latest was in April 2021. Its 10 peer companies in the Chemicals industry (Organic Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Chemie Organic Chemicals (India) Private Limited with revenue of ₹374.15 Cr. The company has 10 MSME Form 1 returns on record between 2018 and 2024, listing 104 overdue payments to 34 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 balajiformalin.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 1101 Swati Trinity Nr. Applewoods Township, S P Ring Road, Sanand, Gujarat, India – 380058
- IndustryChemicals and Materials, Organic Chemicals & Compounds
- 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 Formalin Private Limited
The main business activity of Balaji Formalin is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Formalin Private Limited FY 2025 filings available
Balaji Formalin Private Limited reported revenue of ₹340.93 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Balaji Formalin Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 15% growth in the latest year. EBITDA rose 74% 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 Formalin Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹53.84 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.69 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 Formalin Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.1% | •••• | •••• | •••• | •••• |
| 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 Formalin 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 Balaji Formalin Private Limited
Balaji Formalin has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gupta Mahendrakumar Also directs: Fakirsons Papchem Private Limited, Indodekor Industries Limited, Burakia Industries Limited and 3 more | Director | 29 Jan 2002 | 24 Years 8 Months | Current |
| Mukesh Ratanlal Gupta Also directs: Burakia Industries Limited, All India Roadways Pvt Ltd, Burakia Family Foundation and 1 more | Director | 29 Jan 2002 | 24 Years 8 Months | Current |
Peer Comparison of Balaji Formalin Private Limited
Balaji Formalin Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Organic Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chemie Organic Chemicals (India) Private Limited | ₹374.15 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| VRV Hospitality Private Limited | ₹359.32 Cr (FY 2025) | •••• | •••• | 332.0% | •••• | Delhi, India |
| Shivam Agroprocess Private Limited | ₹356.75 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Palanpur, Gujarat, India |
| Gem Sugars Limited | ₹353.43 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Karnataka, India |
| New Way Homes Private Limited | ₹353.36 Cr (FY 2025) | •••• | •••• | 566.0% | •••• | New Delhi, Delhi, India |
| Balaji Formalin Private Limited this company | ₹340.93 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Sanand, Gujarat, India |
| Harp Chemicals Private Limited | ₹314.04 Cr (FY 2025) | •••• | •••• | 2354274.0% | •••• | Mohali, Punjab, India |
| Arkema Peroxides India Private Limited | ₹312 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Chennai, Tamil Nadu, India |
| Crystal Quinone Pvt Ltd | ₹306.89 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Simalin Chemical Industries Private Limited | ₹306.08 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Nandesari, Gujarat, India |
| Dwarkadhish Sakhar Karkhana Limited | ₹301.9 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Nashik, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Balaji Formalin by revenue in the Chemicals industry (Organic Chemicals), 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 Formalin Private Limited
Balaji Formalin Private Limited is audited by ARPAN SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARPAN SHAH & 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.
Ownership and Shareholding of Balaji Formalin 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 Balaji Formalin Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 May 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹58 Cr | Open |
| 23 Mar 2023 | Others | ₹34 Lakh | Open |
| 17 Mar 2023 | Others | ₹35.17 Lakh | Open |
| 16 Mar 2023 | Others | ₹35.17 Lakh | Open |
| 01 Jul 2021 | Hdfc Bank Limited | ₹61 Lakh | Satisfied |
Total charge records: 24 View all charges
Deals & Funding of Balaji Formalin Private Limited
Balaji Formalin Private Limited has 13 deals on record (7 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹3.4 Cr; the latest was in April 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Fakirsons Papchem Private Limited |
| Oct 2020 | Rights issue | ₹7.43 Cr | Investors: Fakirsons Papchem Private Limited , 3 individuals |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: R.k Sons Family Trust, Mahendra Gupta HUF, 2 individuals Seller: Dhanshree Seeds Private Limited |
| Feb 2017 | Rights issue | ₹7.03 Cr | Investors: Fakirsons Papchem Private Limited , 3 individuals |
| Oct 2015 | Rights issue | ₹5.8 Cr | Investors: Dhanshree Seeds Private Limited , 3 individuals |
Full deal history
All 13 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Balaji Formalin Private Limited
Balaji Formalin Private Limited has 15 court cases on record: 10 filed by Balaji Formalin, 5 filed against it. 2 cases are pending and 13 are disposed. Status as checked between 30 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 4 | 1 |
| High courts | 2 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company by Dujodwala Paper Chemicals Limited | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against Shaligram Laminates Private Limited | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by G B Jondhale Inspector Under Maharashtra Private Security Guards Board Raigad | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| District court, Jhalawar, Rajasthan | Criminal case | Filed against the company by State App | Disposed |
Full case history
All 15 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Balaji Formalin Private Limited
Balaji Formalin Private Limited has 10 MSME Form 1 returns on record between 2018 and 2024, listing 104 overdue payments to 34 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 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajsha Chemicals Private Limited | •••• | •••• | •••• |
| Krishna Steels and Chemicals | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Jai Lakshmi Agro Chemicals Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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 Formalin Private Limited
Balaji Formalin Private Limited has a workforce of 53 employees as of Apr 06, 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.
Group Structure of Balaji Formalin Private Limited
Balaji Formalin has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Burakia Industries Limited | U24304GJ2020PLC117241 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Balaji Formalin Private Limited
Balaji Formalin Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Sanjay Hiralal Agarwal ceased to be Additional Director on 22 Sep 2017.
45 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balaji Formalin 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.
Subsidiaries & Group Companies of Balaji Formalin 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 Balaji Formalin Private Limited
Balaji Formalin has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCB7062K1ZP | Gujarat | Active | 01 Jul 2017 |
| 27AABCB7062K1ZJ | 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 Formalin 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 Balaji Formalin Private Limited
Balaji Formalin is an active private limited company based in Sanand, Gujarat, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 29 January 2002 (24+ years old) and is registered under CIN U24116GJ2002PTC040401.
Balaji Formalin reported revenue of ₹340.93 Cr for FY 2025 (up 15% YoY).
Balaji Formalin has 2 current directors:
- Gupta Mahendrakumar - Director
- Mukesh Ratanlal Gupta - Director
Balaji Formalin reported a net profit of ₹20.69 Cr (net margin 6.1%) and EBITDA of ₹53.84 Cr (EBITDA margin 15.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balaji Formalin is 1% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balaji Formalin is 24AABCB7062K1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCB7062K1ZJ (Maharashtra).
The CIN (Corporate Identification Number) of Balaji Formalin is U24116GJ2002PTC040401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Formalin has 15 court cases on record: 10 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Balaji Formalin was incorporated on 29 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Balaji Formalin has 13 deals on record (7 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹3.4 Cr; the latest was in April 2021.
The peers of Balaji Formalin by revenue are Chemie Organic Chemicals (India) Private Limited, VRV Hospitality Private Limited, Shivam Agroprocess Private Limited, Gem Sugars Limited, New Way Homes Private Limited and 5 more, all in the Chemicals industry (Organic Chemicals).
Sanjay Hiralal Agarwal ceased to be Additional Director on 22 Sep 2017. Suresh Kumar Jaju ceased to be Director on 16 Aug 2007. Gupta Mahendrakumar was appointed as Director on 29 Jan 2002. Balaji Formalin has 4 board changes on record in total.