Balaji Polyester Private Limited
About Balaji Polyester Private Limited
Data last updated:
Balaji Polyester Private Limited is a private limited company based in Bhiwandi, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18200MH2005PTC155115. Its GSTIN is 27AACCB7242E1ZX (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹12.37 Lakh. It is led by directors Vinod Meghji Shah and Haresh Zaverchand Shah.
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 House No. 1226 Kamatghar, Bhiwandi, Maharashtra, India – 421302.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.79 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹23.73 Lakh (net margin 1.1%) and EBITDA of ₹45.86 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 96 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.05 Cr and satisfied charges of ₹3.65 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressHouse No. 1226 Kamatghar, Bhiwandi, Maharashtra, India – 421302
- IndustryManufacturing, Textile & Fabric Production
- 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 Polyester Private Limited
The main business activity of Balaji Polyester is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel 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 Polyester Private Limited FY 2024 filings available
Balaji Polyester Private Limited reported revenue of ₹20.79 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Balaji Polyester Private Limited
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 102% 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 Polyester 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 | ₹45.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.73 Lakh | •••• | •••• | •••• | •••• |
| 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 Polyester Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Polyester 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 Polyester Private Limited
Balaji Polyester Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rasim Exports Private Limited | ₹20.83 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Chennai, Tamil Nadu, India |
| Subhlene Synthetics (India) Private Limited | ₹20.82 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Mumbai, Maharashtra, India |
| Harivansh Spinners Private Limited | ₹20.8 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Panipat, Haryana, India |
| Atul Global Private Limited | ₹20.8 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Punjab, India |
| L M Jari Industries Private Limited | ₹20.79 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Surat, Gujarat, India |
| Balaji Polyester Private Limited this company | ₹20.79 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bhiwandi, Maharashtra, India |
| Eastern Yarns Pvt Ltd | ₹20.79 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bara Chauraha, Uttar Pradesh, India |
| Merriant Fashiontech Private Limited | ₹20.78 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | C V Ramannagar, Bangalore, Karnataka, India |
| Saratharamasamy Textiles Private Limited | ₹20.78 Cr (FY 2019) | •••• | •••• | 78.0% | •••• | Annur, Tamil Nadu, India |
| Sri Senthilandavar Cotton Mills Private Limited | ₹20.77 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Coimbatore Dt, Tamil Nadu, India |
| A N A Fashions Private Limited | ₹20.77 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Balaji Polyester by revenue in the Manufacturing industry (Textiles), 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 Polyester Private Limited
Balaji Polyester Private Limited is audited by SAMPAT JASRAJJI BALDIA for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMPAT JASRAJJI BALDIA | 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 Polyester Private Limited
Balaji Polyester has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Meghji Shah | Director | 21 Jul 2006 | 20 Years 2 Months | Current |
| Haresh Zaverchand Shah Also directs: Balaji Shirting LLP | Director | 05 Feb 2009 | 17 Years 8 Months | Current |
Ownership and Shareholding of Balaji Polyester 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 Polyester Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2019 | Others | ₹6.61 Lakh | Open |
| 27 Dec 2017 | Others | ₹1.98 Cr | Open |
| 15 Apr 2014 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹5 Lakh | Satisfied |
| 16 Mar 2007 | The Bharat Co-Operative Bank (Mumbai) Limited | ₹1.5 Cr | Satisfied |
| 29 Mar 2006 | The Bharat Coop Bank (Mumbai) Limited | ₹50 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Balaji Polyester Private Limited
Balaji Polyester Private Limited has 8 court cases on record: 6 filed by Balaji Polyester, 2 filed against it. 1 case is pending and 7 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 1 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Bhiwandi Nizmapura City Muncipal Corporation | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Oriental Insurance Co Ltd | Disposed |
| District court, Thane, Maharashtra | Court case (M.C.A.) | Filed by the company against Bhiwandi Nizampur City Municipal Corporation | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax - 1, Thane | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-1 Thane | Disposed |
Full case history
All 8 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 Polyester Private Limited
Balaji Polyester Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 76 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Research Dye Chem Private Limited | •••• | •••• | •••• |
| Arabian Petroleum Limited | •••• | •••• | •••• |
| Angelions Electronics India Private Limited | •••• | •••• | •••• |
| Leomine Organics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Polyester Private Limited
Balaji Polyester Private Limited has a workforce of 96 employees as of Apr 07, 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.
Recent Activity on Balaji Polyester Private Limited
Balaji Polyester Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Sunil Umashankar Rungta ceased to be Director on 24 Feb 2010.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balaji Polyester 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 Polyester 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 Polyester Private Limited
Balaji Polyester has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB7242E1ZX | 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 Polyester 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 Polyester Private Limited
Balaji Polyester is an active private limited company based in Bhiwandi, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 August 2005 (21+ years old) and is registered under CIN U18200MH2005PTC155115.
Balaji Polyester reported revenue of ₹20.79 Cr for FY 2025 (down 8% YoY).
Balaji Polyester has 2 current directors:
- Vinod Meghji Shah - Director
- Haresh Zaverchand Shah - Director
Balaji Polyester reported a net profit of ₹23.73 Lakh (net margin 1.1%) and EBITDA of ₹45.86 Lakh (EBITDA margin 2.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balaji Polyester is 5% over three years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balaji Polyester is 27AACCB7242E1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balaji Polyester is U18200MH2005PTC155115. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Polyester has 8 court cases on record: 6 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Balaji Polyester was incorporated on 03 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Balaji Polyester by revenue are Rasim Exports Private Limited, Subhlene Synthetics (India) Private Limited, Harivansh Spinners Private Limited, Atul Global Private Limited, L M Jari Industries Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Sunil Umashankar Rungta ceased to be Director on 24 Feb 2010. Haresh Zaverchand Shah was appointed as Director on 05 Feb 2009. Vinod Meghji Shah was appointed as Director on 21 Jul 2006.
Balaji Polyester has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 76 overdue payments to 7 micro and small suppliers. The latest return was filed on 08 Jun 2019.