Balan Electricals Ltd
About Balan Electricals Ltd
Data last updated:
Balan Electricals Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 19 February 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1987PLC042619. Its GSTIN is 27AAACB2422L1ZW (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹12.5 Lakh. It is led by directors including Supriya Balan Kuniyil and Shantha Balan Kuniyil.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3 Bharti Appartments Caesar Road Andheri(W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.01 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.29 Lakh (net margin 88%) and EBITDA of ₹5.34 Lakh (EBITDA margin 88.9%). Revenue has grown at a compounded annual rate (CAGR) of 376% over five years.
As per MCA filings, the company has open charges of ₹20.66 Lakh on record. Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Balan Electricals Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3 Bharti Appartments Caesar Road Andheri(W), Mumbai, Maharashtra, India – 400058
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Balan Electricals Ltd, 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
Financials of Balan Electricals Ltd
FY 2024 filings availableBalan Electricals Ltd reported revenue of ₹6.01 Lakh (up 99390% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 376% over five years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.34 Lakh | ||||
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| Net Profit (PAT) | ₹5.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 88.9% | ||||
| Net Profit Margin | 88% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Balan Electricals Ltd, buy the company report.
Board of directors of Balan Electricals Ltd
Balan Electricals has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Supriya Balan Kuniyil | Director | 23 Oct 2021 | 5 Years 0 Months | Current |
| Shantha Balan Kuniyil | Director | 19 Feb 1987 | 39 Years 8 Months | Current |
| Balan Shankaran Kuniyil | Director | 19 Feb 1987 | 39 Years 8 Months | Current |
Auditor
Balan Electricals Ltd is audited by KRUSHIKA SHAH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRUSHIKA SHAH & ASSOCIATES | FY 2020 | 151312W |
Shareholding
The shareholding of Balan Electricals Ltd is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Balan Electricals Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2007 | 10103345 | Bank of India | ₹8 Lakh | Open | |
| 08 Jul 1997 | 90213052 | Bank of India | ₹5.5 Lakh | Open | |
| 30 Sep 1995 | 90212741 | Bank of India | ₹1 Lakh | Open | |
| 06 Dec 1994 | 90212576 | Bank of India | ₹1.45 Lakh | Open | |
| 28 Feb 1991 | 90212161 | Bank of India | ₹1.01 Lakh | Open |
To see the full charge records of Balan Electricals Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
Balan Electricals Ltd has 11 court cases on record: 10 filed by Balan Electricals, 1 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| District courts | 5 | 1 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against Hagel Capsule Industries Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Hagel Capsule Industries Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Hagel Capsule Industries Ltd. | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against Hagel Capsule Industries Ltd. | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against individuals | Pending |
To see the full case history of Balan Electricals Ltd, 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 Balan Electricals Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balan Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2422L1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balan Electricals Ltd, buy the company report.
Recent activity
Balan Electricals Ltd has 4 board changes on record since 1987: 3 appointments and 1 cessation. The latest: Ganesh Srinivas Kesavan ceased to be Director on 23 Oct 2021.
4 earlier events are in the company report.
Frequently asked questions
Balan Electricals is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 19 February 1987 (39+ years old) and is registered under CIN U74210MH1987PLC042619.
Balan Electricals has 3 current directors:
- Supriya Balan Kuniyil - Director
- Shantha Balan Kuniyil - Director
- Balan Shankaran Kuniyil - Director
The latest financial statements of Balan Electricals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Balan Electricals is 27AAACB2422L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balan Electricals is U74210MH1987PLC042619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balan Electricals has 11 court cases on record: 10 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Balan Electricals was incorporated on 19 February 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Ganesh Srinivas Kesavan ceased to be Director on 23 Oct 2021. Supriya Balan Kuniyil was appointed as Director on 23 Oct 2021. Balan Shankaran Kuniyil was appointed as Director on 19 Feb 1987. Balan Electricals has 4 board changes on record in total.
The registered office of Balan Electricals is at 3 Bharti Appartments Caesar Road AndheriW, Mumbai, Maharashtra, India – 400058.
Balan Electricals operates in the information technology industry, in the IT products retail and distribution segment.