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 10 cases involving the company, including 9 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address3 Bharti Appartments Caesar Road Andheri(W), Mumbai, Maharashtra, India – 400058
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
Financials of Balan Electricals Ltd FY 2024 filings available
Balan Electricals Ltd reported revenue of ₹6.01 Lakh (up 99390% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Balan Electricals Ltd
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 of Balan Electricals Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.34 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.29 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 Balan Electricals Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 88% | •••• | •••• | •••• | •••• |
| 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 Balan Electricals 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 Balan Electricals Ltd
Balan Electricals Ltd is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crudoimage Photographic Technologies Private Limited | ₹6.12 Lakh (FY 2024) | •••• | •••• | -72.0% | •••• | Cooch Behar, West Bengal, India |
| Equipp Synergy Private Limited | ₹6.11 Lakh (FY 2024) | •••• | •••• | 2503.0% | •••• | Bangalore, Karnataka, India |
| Shubh Printers Private Limited | ₹6.08 Lakh (FY 2023) | •••• | •••• | -84.0% | •••• | New Delhi, Delhi, India |
| Tenthorbit Technologies Private Limited | ₹6.08 Lakh (FY 2018) | •••• | •••• | -75.0% | •••• | Vishnu Garden, Delhi, India |
| Leon Computers Private Limited | ₹6.08 Lakh (FY 2022) | •••• | •••• | 216144.0% | •••• | Talegaon Dabhade, Maharashtra, India |
| Balan Electricals Ltd this company | ₹6.01 Lakh (FY 2024) | •••• | •••• | 99390.0% | •••• | Mumbai, Maharashtra, India |
| Icelusion Software Private Limited | ₹6 Lakh (FY 2022) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Kaiser Technologiesprivate Limited | ₹5.98 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | New Delhi, Delhi, India |
| Converged Data Technologies Private Limited | ₹5.92 Lakh (FY 2024) | •••• | •••• | 172.0% | •••• | Mumbai, Maharashtra, India |
| Synchrotech Systems Private Limited | ₹5.87 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Gurgaon, Haryana, India |
| Solaris Workforce Private Limited | ₹5.87 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Lucknow, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Balan Electricals by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Balan Electricals Ltd
Balan Electricals Ltd is audited by KRUSHIKA SHAH & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRUSHIKA SHAH & 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.
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 | 4 Years 11 Months | Current |
| Shantha Balan Kuniyil | Director | 19 Feb 1987 | 39 Years 7 Months | Current |
| Balan Shankaran Kuniyil | Director | 19 Feb 1987 | 39 Years 7 Months | Current |
Ownership and Shareholding of Balan Electricals Ltd
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 Balan Electricals Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2007 | Bank of India | ₹8 Lakh | Open |
| 08 Jul 1997 | Bank of India | ₹5.5 Lakh | Open |
| 30 Sep 1995 | Bank of India | ₹1 Lakh | Open |
| 06 Dec 1994 | Bank of India | ₹1.45 Lakh | Open |
| 28 Feb 1991 | Bank of India | ₹1.01 Lakh | Open |
Total charge records: 7 View all charges
Legal Cases of Balan Electricals Ltd
Balan Electricals Ltd has 10 court cases on record: 9 filed by Balan Electricals, 1 where it is another party. 2 cases are pending and 8 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| District courts | 4 | 0 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against Hagel Capsule Industries Ltd | Pending |
| Bombay High Court | Court case (SJ) | 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 |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Hagel Capsule Industries Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Company is another party | Pending |
Full case history
All 10 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.
Employees and EPFO Compliance at Balan Electricals Ltd
Employment history and EPFO contributions of people linked to Balan Electricals.
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 Balan Electricals Ltd
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balan Electricals Ltd
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.
MSME Payment Delays by Balan Electricals Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Balan Electricals Ltd
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 Balan Electricals Ltd
Balan Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2422L1ZW | 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 Balan Electricals Ltd
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 Balan Electricals Ltd
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 reported revenue of ₹6.01 Lakh for FY 2024 (up 99390% YoY).
Balan Electricals has 3 current directors:
- Supriya Balan Kuniyil - Director
- Shantha Balan Kuniyil - Director
- Balan Shankaran Kuniyil - Director
Balan Electricals reported a net profit of ₹5.29 Lakh (net margin 88%) and EBITDA of ₹5.34 Lakh (EBITDA margin 88.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balan Electricals is 376% over five years. CAGR is the steady yearly rate that links the first and the last year.
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 10 court cases on record: 9 filed by the company. 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.
The peers of Balan Electricals by revenue are Crudoimage Photographic Technologies Private Limited, Equipp Synergy Private Limited, Shubh Printers Private Limited, Tenthorbit Technologies Private Limited, Leon Computers Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
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.