MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0047319
Balasai Net Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.37 Cr
▼ 26% YoY
Net profit · FY 2025
₹1.17 Cr
Net margin 49.2%
EBITDA · FY 2025
₹1.22 Cr
EBITDA margin 51.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹18 Lakh
Secured borrowings
Company age
26 yrs
Est. 2000
Employees · EPFO
16
Provident fund records
About Balasai Net Private Limited
Data last updated:
Balasai Net Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2000PTC014947. Its GSTIN is 27AABCB4198E1ZP (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Jareena Sikandar Mestry and Satish Vasantrao Pandilwar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 202 Pranita Society 1145/2 Ferguison College Road, Pune, Maharashtra, India – 411016.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.37 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Cr (net margin 49.2%) and EBITDA of ₹1.22 Cr (EBITDA margin 51.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 15% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: The Urban Foundry. As per MCA filings, the company has open charges of ₹18 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
Balasai Net Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0047319). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balasai.com.
Company details
CIN U72900PN2000PTC014947
Registration Number 014947
Incorporation Date 30 May 2000
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0047319
Key People
Jareena Sikandar Mestry Director Satish Vasantrao Pandilwar Director Rajendra Shripad Satalkar Director Recognitions & Rankings of Balasai Net
Contact details
Balasai Net Private Limited's registered office is in Pune, Maharashtra. Its website is balasai.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address202 Pranita Society 1145/2 Ferguison College Road, Pune, Maharashtra, India – 411016
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Balasai Net Private Limited, buy the company report.
Comprehensive company report
Balasai Net Private Limited - one report that includes everything
- 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
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Brands
Balasai Net operates one associated brand: The Urban Foundry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Web hosting, cloud services, and security offerings by Balasai. | theurbanfoundry.in |
Business activity
The main business activity of Balasai Net is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Balasai Net Private Limited, buy the company report.
Financials of Balasai Net Private Limited
FY 2025 filings availableBalasai Net Private Limited reported revenue of ₹2.37 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹2.37 Cr ▼ 26%
Net profit · FY 2025
₹1.17 Cr margin 49.2%
EBITDA · FY 2025
₹1.22 Cr margin 51.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 15%
5 years · compounded
▼ 15%
EBITDA CAGR growth
3 years · compounded
▲ 135%
5 years · compounded
▲ 19%
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 26% fall 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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| EBITDA | ₹1.22 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹1.17 Cr | ||||
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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 | 51.4% | ||||
| Net Profit Margin | 49.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Balasai Net Private Limited, buy the company report.
Board of directors of Balasai Net Private Limited
Balasai Net has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jareena Sikandar Mestry | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Satish Vasantrao Pandilwar | Director | 30 May 2000 | 26 Years 5 Months | Current |
| Rajendra Shripad Satalkar Also directs: Acumenn Money Private Limited | Director | 30 May 2005 | 21 Years 5 Months | Current |
Auditor
Balasai Net Private Limited is audited by KETAN JOGALEKAR AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KETAN JOGALEKAR AND ASSOCIATES | FY 2021 | 130239W |
Shareholding
The shareholding of Balasai Net Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Balasai Net Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2021 | 100496300 | Hdfc Bank Limited | ₹18 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Balasai Net Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Disposed |
| District court, Satara, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Disposed |
To see the full case history of Balasai Net 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balasai Net Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Balasai Net Private Limited has a workforce of 16 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-5.88%
GST
Balasai Net has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB4198E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balasai Net Private Limited, buy the company report.
Recent activity
Balasai Net Private Limited has 8 board changes on record since 2000: 3 appointments and 5 cessations. The latest: Bhushan Ashok Naik Gaonkar ceased to be Additional Director on 30 Nov 2021.
AGM
Balasai Net Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Balasai Net Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Bhushan Ashok Naik Gaonkar ceased to be Additional Director.
Ceased
Jareena Sikandar Mestry ceased to be Additional Director.
Ceased
Rajasatyen Mohan Pardeshi ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.00 Lakh with Charge ID 100496300 was registered on 20 Oct 2021.
Appointed
Jareena Sikandar Mestry was appointed as Director.
Ceased
Proshanto Mitra ceased to be Director.
Ceased
Sachin Sharadkumar Arole ceased to be Director.
Appointed
Rajendra Shripad Satalkar was appointed as Director.
Appointed
Satish Vasantrao Pandilwar was appointed as Director.
Incorporation
30 May 2000
Balasai Net Private Limited was registered on 30 May 2000 with Roc Pune & aged 26 years 5 months as per MCA records.
Frequently asked questions
Balasai Net is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 May 2000 (26+ years old) and is registered under CIN U72900PN2000PTC014947.
Balasai Net has 3 current directors:
- Jareena Sikandar Mestry - Director
- Satish Vasantrao Pandilwar - Director
- Rajendra Shripad Satalkar - Director
The latest financial statements of Balasai Net on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Balasai Net is 27AABCB4198E1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balasai Net is U72900PN2000PTC014947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balasai Net has 2 court cases on record: 2 filed against it.
Balasai Net was incorporated on 30 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
Bhushan Ashok Naik Gaonkar ceased to be Additional Director on 30 Nov 2021. Jareena Sikandar Mestry ceased to be Additional Director on 30 Nov 2021. Rajasatyen Mohan Pardeshi ceased to be Additional Director on 30 Nov 2021. Balasai Net has 8 board changes on record in total.
Yes, Balasai Net is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0047319).
Balasai Net can be reached through the website balasai.com. Its registered office is in Pune, Maharashtra, India.
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