About Balaji Malts Private Limited
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Balaji Malts Private Limited is a private limited company based in Maddur, Karnataka, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 11 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15494KA1991PTC012611. Its GSTIN is 29AACCB2151L1ZO (Karnataka). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.28 Cr. It is led by directors Narendra Jodhani Kumar and Nirmal Jodhani Kumar.
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 No.8 KIADB Industrial Area Somanahalli Village, Maddur, Karnataka, India – 571429.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,034.19 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹117.82 Cr (net margin 2.3%) and EBITDA of ₹201.5 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 36% over five years.
The company has about 113 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Balaji Malts. As per MCA filings, the company has open charges of ₹2,094 Cr and satisfied charges of ₹949 Cr on record. Court records list 59 cases involving the company, including 44 filed by the company and 15 filed against it; 16 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.28 Cr; the latest was in September 2021. Its 4 peer companies in the Metals and Minerals industry (Materials Retail and Distribution, Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 1 larger and 3 smaller; the largest is JK Paper Limited with revenue of ₹6,826.24 Cr. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 30 overdue payments to 13 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 balajimalts.in.
Company details
CIN history
Balaji Malts has one previous CIN (Corporate Identification Number): U15501KA1991PTC012611. The current CIN is U15494KA1991PTC012611, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15494KA1991PTC012611 | Current |
| U15501KA1991PTC012611 | Previous |
Contact details
Balaji Malts Private Limited's registered office is in Maddur, Karnataka. Its website is balajimalts.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.8 KIADB Industrial Area Somanahalli Village, Maddur, Karnataka, India – 571429
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Balaji Malts 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
Brands
Balaji Malts operates one associated brand: Balaji Malts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recycles kraft paper and trades coal to industries using renewable energy sources. | balajimalts.in |
Business activity
The main business activities of Balaji Malts are manufacturing, trade and support service to organizations. In detail, this covers wood and wood products, furniture, paper and paper products, wholesale trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Balaji Malts Private Limited, buy the company report.
Financials of Balaji Malts Private Limited
FY 2024 filings availableBalaji Malts Private Limited reported revenue of ₹5,034.19 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA rose 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹201.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹117.82 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Balaji Malts Private Limited, buy the company report.
Board of directors and KMP of Balaji Malts Private Limited
Balaji Malts Private Limited currently reports 2 directors and 1 key managerial person. 2 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parsun Jodhani | Ceo | 16 Sep 2020 | 6 Years 1 Months | Current |
| Narendra Jodhani Kumar Also directs: Jodhani Papers Private Limited, Wisebuild Developers Private Limited, Provon Builders Private Limited and 1 more | Director | 05 Feb 2007 | 19 Years 8 Months | Current |
| Nirmal Jodhani Kumar Also directs: Jodhani Papers Private Limited, Wisebuild Developers Private Limited, Provon Builders Private Limited and 1 more | Director | 05 Feb 2007 | 19 Years 8 Months | Current |
Peer comparison
Balaji Malts Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution, Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JK Paper Limited | ₹6,826.24 Cr (FY 2025) | -1.0% | Tapi, Gujarat, India | |||
| Balaji Malts Private Limitedthis company | ₹5,034.19 Cr (FY 2025) | ₹117.82 Cr | 2.3% | -19.0% | 113 | Maddur, Karnataka, India |
| Tamilnadu Newsprint & Papers Limited | ₹4,588.31 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| West Coast Paper Mills Limited | ₹4,272.8 Cr (FY 2025) | -7.0% | Dandeli, Karnataka, India | |||
| Bilt Graphic Paper Products Limited | ₹3,893.21 Cr (FY 2025) | -12.0% | Chandrapur, Maharashtra, India |
To see the full peer comparison of Balaji Malts Private Limited, buy the company report.
Auditor
Balaji Malts Private Limited is audited by DTSB & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DTSB & ASSOCIATES | FY 2024 | 329277E |
Shareholding
The shareholding of Balaji Malts 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balaji Malts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2025 | 101140704 | Hdfc Bank Limited | ₹140 Cr | Open | |
| 19 Jul 2025 | 101136273 | Others | ₹40 Cr | Open | |
| 03 Jun 2025 | 101101866 | Others | ₹907 Cr | Open | |
| 31 May 2025 | 101112103 | Others | ₹20 Cr | Open | |
| 19 Apr 2025 | 101088795 | Others | ₹50 Cr | Open |
To see the full charge records of Balaji Malts Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Balaji Malts Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.28 Cr; the latest was in September 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ganapati Tradewings Pvt Ltd , True Mercantile Pvt Ltd , Motilal Makhanlal Holdings Motilal |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Sumangal Dealer Private Limited Seller: Kasa Contrade Pvt Ltd , Orissa Re-Rollers Pvt. Ltd. , Oswal Services Pvt Ltd |
| Mar 2009 | Funding round | ₹9.05 Cr | Investors: Kasa Contrade Pvt Ltd , Orissa Re-Rollers Pvt. Ltd. , Oswal Services Pvt Ltd |
| Dec 2007 | Funding round | ₹23 Lakh | Investors: True Mercantile Pvt Ltd , Motilal Makhanlal Holdings Motilal, Ganapati Tradewings Pvt Ltd |
To see the full deal history of Balaji Malts Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Balaji Malts Private Limited has 59 court cases on record: 44 filed by Balaji Malts, 15 filed against it. 16 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 3 | 15 |
| High courts | 15 | 12 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Wipro Enterprises Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against V S Infra Logistics Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Wipro Enterprises Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sanghi Industries Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sanghi Industries Ltd | Disposed |
To see the full case history of Balaji Malts 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.
Credit ratings & regulatory alerts
Balaji Malts Private Limited was last rated by Care on 27 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Jan 2026 |
To see the full credit ratings and regulatory alerts of Balaji Malts Private Limited, buy the company report.
MSME payment delays
Balaji Malts Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 30 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V S Infra Logistics Private Limited | |||
| Alex Stewart International (India) Private Limited | |||
| an individual supplier | |||
| Seaport Logistics Private Limited | |||
| Geo-Chem Laboratories Private Limited |
To see the full MSME payment records of Balaji Malts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Balaji Malts has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| G.D. Impex Pte Limited | U74999MH2016PTC289008 |
To see the full group structure of Balaji Malts Private Limited, buy the company report.
Employees & EPFO
Balaji Malts Private Limited has a workforce of 113 employees on its EPFO records as of Sep 26, 2024, across 1 active EPFO establishment.
GST
Balaji Malts has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB2151L1ZO | Karnataka | Active | 01 Jul 2017 |
| 29AACCB2151L2ZN | Karnataka | Active | 02 Jul 2020 |
| 33AACCB2151L1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
| 37AACCB2151L1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Malts Private Limited, buy the company report.
Recent activity
Balaji Malts Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Parsun Jodhani was appointed as CEO on 16 Sep 2020.
45 earlier events are in the company report.
Frequently asked questions
Balaji Malts is an active private limited company based in Maddur, Karnataka, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 11 December 1991 (35+ years old) and is registered under CIN U15494KA1991PTC012611.
Balaji Malts has 3 current directors and KMP:
- Narendra Jodhani Kumar - Director
- Nirmal Jodhani Kumar - Director
- Parsun Jodhani - Ceo
The latest financial statements of Balaji Malts 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 GSTIN of Balaji Malts is 29AACCB2151L1ZO, registered in Karnataka. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCB2151L2ZN (Karnataka), 33AACCB2151L1ZZ (Tamil Nadu), 37AACCB2151L1ZR (Andhra Pradesh).
The CIN (Corporate Identification Number) of Balaji Malts is U15494KA1991PTC012611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Malts has 59 court cases on record: 44 filed by the company and 15 filed against it. 16 are pending. Most are in the district courts.
Balaji Malts was incorporated on 11 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Balaji Malts has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.28 Cr; the latest was in September 2021.
The peers of Balaji Malts by revenue are JK Paper Limited, Tamilnadu Newsprint & Papers Limited, West Coast Paper Mills Limited, Bilt Graphic Paper Products Limited, all in the Metals and Minerals industry (Materials Retail and Distribution, Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Parsun Jodhani was appointed as CEO on 16 Sep 2020. Narendra Jodhani Kumar ceased to be Additional Director on 30 Sep 2007. Nirmal Jodhani Kumar ceased to be Additional Director on 30 Sep 2007. Balaji Malts has 5 board changes on record in total.
Balaji Malts has 3 MSME Form 1 returns on record between 2023 and 2024, listing 30 overdue payments to 13 micro and small suppliers. The latest return was filed on 01 May 2024.
Balaji Malts can be reached through the website balajimalts.in. Its registered office is in Maddur, Karnataka, India.