About Balaji Greentech Products Limited
Data last updated:
Balaji Greentech Products Limited was a public limited company based in Solapur, Maharashtra, India, operated as a subsidiary of Balaji Amines Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 15 April 2005.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U24230PN2005PLC168220. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹35 Cr and a paid-up capital of ₹32.5 Cr. It was led by directors including Hemanth Reddy Gaddam (Managing Director) and Ande Pratap Reddy.
Its last annual general meeting (AGM) was held on 31 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Balaji Towers' No. 9/1A/1 Hotgi Road Aasara Chowk Solapur, Maharashtra, India – 413224.
As per the financials filed for FY 2017, the company reported a revenue of ₹3 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹3.21 Cr (net margin -107%) and EBITDA of -₹2.05 Cr (EBITDA margin -68.4%).
The company had about 3 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹21 Cr on record. Court records list 17 cases involving the company, including 9 filed by the company and 8 filed against it; 1 case is pending.
The last known website on record is zora.in.
Company details
CIN history
Balaji Greentech Products has one previous CIN (Corporate Identification Number): U24230AP2005PLC045891. The current CIN is U24230PN2005PLC168220, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230PN2005PLC168220 | Current |
| U24230AP2005PLC045891 | Previous |
Contact details
Balaji Greentech Products Limited's registered office is in Solapur, Maharashtra. Its website is zora.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBalaji Towers' No. 9/1A/1 Hotgi Road Aasara Chowk Solapur, Maharashtra, India – 413224
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Balaji Greentech Products 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
Business activity
The main business activity of Balaji Greentech Products is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Balaji Greentech Products Limited, buy the company report.
Financials of Balaji Greentech Products Limited
FY 2017 filings availableBalaji Greentech Products Limited reported revenue of ₹3 Cr (down 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 24% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.05 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -68.4% | ||
| Net Profit Margin | -107% | ||
| 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 Balaji Greentech Products Limited, buy the company report.
Board of directors of Balaji Greentech Products Limited
Balaji Greentech Products has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanth Reddy Gaddam Also directs: Balaji Speciality Chemicals Limited | Managing Director | 20 Mar 2008 | 18 Years 7 Months | As last reported |
| Ande Pratap Reddy Also directs: Balaji Speciality Chemicals Limited, Apr Holdings and Investments LLP, Balaji Amines Limited and 1 more | Director | 15 Apr 2005 | 21 Years 6 Months | As last reported |
| Amarender Reddy Minupuri Also directs: Balaji Speciality Chemicals Limited | Director | 25 Jul 2016 | 10 Years 3 Months | As last reported |
| Jeelkar Venkata Swamy | Director | 01 Aug 2008 | 18 Years 3 Months | As last reported |
Peer comparison
Balaji Greentech Products Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arihant Electricals Pvt. Ltd. | ₹3.02 Cr (FY 2024) | 150.0% | Ambala, Haryana, India | |||
| Nextonic Electro Private Limited | ₹3.01 Cr (FY 2025) | 48.0% | Noida, Uttar Pradesh, India | |||
| Balaji Greentech Products Limitedthis company | ₹3 Cr (FY 2017) | -₹3.21 Cr | -107% | -66.0% | Solapur, Maharashtra, India | |
| Vaayu Home Appliances (India) Private Limited | ₹3 Cr (FY 2024) | -2.0% | Indore, Madhya Pradesh, India | |||
| Goldflex Auto Parts Private Limited | ₹2.99 Cr (FY 2024) | 8.0% | Gurugram, Haryana, India | |||
| Orbis Luminaires Private Limited | ₹2.99 Cr (FY 2023) | 7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Balaji Greentech Products Limited, buy the company report.
Auditor
Balaji Greentech Products Limited is audited by V SRIDHAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SRIDHAR & CO | FY 2017 | 006206S |
Shareholding
The shareholding of Balaji Greentech Products Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Balaji Greentech Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2012 | 10386927 | State Bank of Hyderabad | ₹5 Cr | Satisfied | |
| 09 Jun 2008 | 10114614 | State Bank of Hyderabad | ₹16 Cr | Satisfied |
To see the full charge records of Balaji Greentech Products Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Balaji Greentech Products Limited has 17 court cases on record: 9 filed by Balaji Greentech Products, 8 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 8 | 1 |
Cases on record (4 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Ms Indoforce Bureau Pvt Ltd | Pending |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed by the company against Vivek Lighting and Switch Gear P Ltd and Others | Disposed |
| District court, Hyderabad CCC, Telangana | Court case (T.R.CRLMP) | Filed against the company by an individual | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Balaji Greentech Products 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
No delayed payments to MSME suppliers are on our record for Balaji Greentech Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaji Greentech Products has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Balaji Greentech Products Limited, buy the company report.
Recent activity
Balaji Greentech Products Limited has 13 board changes on record since 2005: 4 appointments and 9 cessations. The latest: Amarender Reddy Minupuri ceased to be Additional Director on 30 Sep 2016.
9 earlier events are in the company report.
Frequently asked questions
Balaji Greentech Products has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Balaji Greentech Products was a public limited company based in Solapur, Maharashtra, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 15 April 2005 and is registered under CIN U24230PN2005PLC168220. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Balaji Greentech Products was incorporated on 15 April 2005. It is registered with the Registrar of Companies, Pune.
Balaji Greentech Products had 4 directors:
- Hemanth Reddy Gaddam - Managing Director
- Ande Pratap Reddy - Director
- Amarender Reddy Minupuri - Director
- Jeelkar Venkata Swamy - Director
The CIN (Corporate Identification Number) of Balaji Greentech Products is U24230PN2005PLC168220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Balaji Greentech Products is at Balaji Towers No. 91A1 Hotgi Road Aasara Chowk Solapur, Maharashtra, India – 413224.
Balaji Greentech Products can be reached through the website zora.in. Its registered office is in Solapur, Maharashtra, India.
The latest financial statements of Balaji Greentech Products on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 31 August 2017. Year-wise statements from 2015 are in the company report.
No. Balaji Greentech Products has 3 GST registrations on record and all of them are cancelled or inactive.
Balaji Greentech Products operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
The peers of Balaji Greentech Products by revenue are Arihant Electricals Pvt. Ltd, Nextonic Electro Private Limited, Vaayu Home Appliances (India) Private Limited, Goldflex Auto Parts Private Limited, Orbis Luminaires Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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