About Balaji Multiflex Private Limited
Data last updated:
Balaji Multiflex Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 18 December 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25202GJ2001PTC040276. Its GSTIN is 24AACCB4222G1Z9 (Gujarat).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹5 Cr. It is led by directors Chandrakant Valllabhdas Bhalara (Whole-Time Director) and Pranav Chandrakant Bhalara.
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 Survey No. 62 – 63 After Crossing Amreli Village Nani Amreli Taluka: Paddhari Lodhika, Rajkot, Gujarat, India – 360110.
As per the financials filed for FY 2025, the company reported a revenue of ₹585.04 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹43.72 Cr (net margin 7.5%) and EBITDA of ₹91.36 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 22% over five years.
The company has about 486 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹144.26 Cr and satisfied charges of ₹32.89 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2011. Its 10 peer companies in the Packaging industry (Films and Foils) are compared by revenue, 5 larger and 5 smaller; the largest is Bilcare Limited with revenue of ₹806.5 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 4 overdue payments to 2 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 balajimultiflex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No. 62 – 63 After Crossing Amreli Village Nani Amreli Taluka: Paddhari Lodhika, Rajkot, Gujarat, India – 360110
- IndustryPackaging, Packaging Films & Foils
- 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 Multiflex Private Limited
The main business activity of Balaji Multiflex is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. | 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 Multiflex Private Limited FY 2024 filings available
Balaji Multiflex Private Limited reported revenue of ₹585.04 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Balaji Multiflex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 12% growth in the latest year. EBITDA fell 14% 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 Multiflex 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 | ₹91.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹43.72 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 Multiflex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.5% | •••• | •••• | •••• | •••• |
| 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 Multiflex 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 Multiflex Private Limited
Balaji Multiflex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrakant Valllabhdas Bhalara Also directs: Aikyam Sampati Management LLP, B-Bake Foods Private Limited | Whole-Time Director | 18 Dec 2001 | 24 Years 10 Months | Current |
| Pranav Chandrakant Bhalara Also directs: Aikyam Sampati Management LLP, B-Bake Foods Private Limited, Shilp Gravures Limited and 1 more | Director | 01 Mar 2007 | 19 Years 7 Months | Current |
Peer Comparison of Balaji Multiflex Private Limited
Balaji Multiflex Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Films and Foils). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bilcare Limited Listed | ₹806.5 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Caprihans India Limited Listed | ₹767.56 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Khed, Maharashtra, India |
| Nahar Poly Films Limited Listed | ₹683.88 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Punjab, India |
| Kris Flexipacks Private Limited | ₹621.52 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Raviraj Foils Limited | ₹602.13 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Balaji Multiflex Private Limited this company | ₹585.04 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Rajkot, Gujarat, India |
| Xpro India Limited Listed | ₹554.19 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | West Bengal, India |
| Surya Global Flexifilms Private Limited | ₹499.26 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Delhi, India |
| Pan Synthetics Private Limited | ₹492.65 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bengaluru, Karnataka, India |
| Vishakha Polyfab Private Limited | ₹492.63 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ahmedabad, Gujarat, India |
| GLS Polyfilms Private Limited | ₹460.06 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Balaji Multiflex by revenue in the Packaging industry (Films and Foils), 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 Multiflex Private Limited
Balaji Multiflex Private Limited is audited by B.M.Vasoya & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.M.Vasoya & 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 Multiflex 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 Multiflex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2025 | Others | ₹50 Cr | Open |
| 27 May 2008 | Others | ₹69.26 Cr | Open |
| 02 Jul 2007 | Others | ₹25 Cr | Open |
| 24 Dec 2024 | Others | ₹14.5 Cr | Satisfied |
| 10 Dec 2024 | Others | ₹5 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Balaji Multiflex Private Limited
Balaji Multiflex Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2011.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Funding round | ₹39 Lakh | Investors: 3 individuals |
Full deal history
All 2 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 Multiflex Private Limited
Balaji Multiflex Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Motor accident claim | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by Commissioner of Income Tax-I | Disposed |
Full case history
All 6 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 Multiflex Private Limited
Balaji Multiflex Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S A Enterprise | •••• | •••• | •••• |
| 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 Multiflex Private Limited
Balaji Multiflex Private Limited has a workforce of 486 employees as of Mar 21, 2025.
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.
Recent Activity on Balaji Multiflex Private Limited
Balaji Multiflex Private Limited has 5 board changes on record since 2001: 2 appointments and 3 cessations. The latest: Pravinaben Chandrakant Bhalara ceased to be Whole-Time Director on 09 Nov 2013.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balaji Multiflex 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 Multiflex 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 Multiflex Private Limited
Balaji Multiflex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB4222G1Z9 | Gujarat | 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 Multiflex 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 Multiflex Private Limited
Balaji Multiflex is an active private limited company based in Rajkot, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 18 December 2001 (25+ years old) and is registered under CIN U25202GJ2001PTC040276.
Balaji Multiflex reported revenue of ₹585.04 Cr for FY 2025 (up 12% YoY).
Balaji Multiflex has 2 current directors:
- Chandrakant Valllabhdas Bhalara - Whole-Time Director
- Pranav Chandrakant Bhalara - Director
Balaji Multiflex reported a net profit of ₹43.72 Cr (net margin 7.5%) and EBITDA of ₹91.36 Cr (EBITDA margin 15.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balaji Multiflex is 14% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balaji Multiflex is 24AACCB4222G1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Balaji Multiflex is U25202GJ2001PTC040276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Multiflex has 6 court cases on record: 6 filed against it. 1 is pending. Most are in the district courts.
Balaji Multiflex was incorporated on 18 December 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Balaji Multiflex has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2011.
The peers of Balaji Multiflex by revenue are Bilcare Limited, Caprihans India Limited, Nahar Poly Films Limited, Kris Flexipacks Private Limited, Raviraj Foils Limited and 5 more, all in the Packaging industry (Films and Foils).
Pravinaben Chandrakant Bhalara ceased to be Whole-Time Director on 09 Nov 2013. Khushbu Pranav Bhalara ceased to be Director on 01 Nov 2010. Pranav Chandrakant Bhalara was appointed as Director on 01 Mar 2007. Balaji Multiflex has 5 board changes on record in total.