MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0176846
Balashri Commercial Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.21 Cr
▼ 63% YoY
Net profit · FY 2024
₹8.04 Lakh
Net margin 1%
EBITDA · FY 2024
₹4.52 Cr
EBITDA margin 55.1%
Authorised capital
₹5.05 Cr
Registered with MCA
Paid-up capital
₹5.04 Cr
Issued & subscribed
Open charges
₹25.52 Lakh
Satisfied ₹185 Cr
Company age
68 yrs
Est. 1958
Directors on board
5
As per MCA filings
About Balashri Commercial Limited
Data last updated:
Balashri Commercial Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jewel Shelters Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 October 1958 and has been in existence for over 68 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L15321MH1958PLC281327. Its GSTIN is 27AACCB2631H1Z0 (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records.
The company has an authorised share capital of ₹5.05 Cr and a paid-up capital of ₹5.04 Cr. It was formerly known as The Balrampur Sugar Company Limited and Balarampur Commercial Enterprises Ltd. It is led by directors including Kausik Jashwantlal Shah and Jeny Vinod Kumar Gowadia.
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 1701 17th Floor Lodha Supremus Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.21 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹8.04 Lakh (net margin 1%) and EBITDA of ₹4.52 Cr (EBITDA margin 55.1%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹25.52 Lakh and satisfied charges of ₹185 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
Balashri Commercial Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0176846). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balashri.com.
Company details
CIN L15321MH1958PLC281327
Registration Number 281327
Incorporation Date 18 October 1958
ROC Mumbai
Listing Status Listed
Company Status Active
Parent Company Jewel Shelters Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0176846
Name history
Balashri Commercial has undergone 2 name changes throughout its history. The company was previously known as The Balrampur Sugar Company Limited, and Balarampur Commercial Enterprises Ltd. The current legal name is Balashri Commercial Limited.
| Company Name | Status |
|---|---|
| Balashri Commercial Limited | Current |
| The Balrampur Sugar Company Limited | Previous |
| Balarampur Commercial Enterprises Ltd | Previous |
CIN history
Balashri Commercial has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15321MH1958PLC281327, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15321MH1958PLC281327 | Current |
| U15321WB1958PLC024002 | Previous |
| L15321WB1958PLC024002 | Previous |
Recognitions & Rankings of Balashri Commercial
Contact details
Balashri Commercial Limited's registered office is in Mumbai, Maharashtra. Its website is balashri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1701 17th Floor Lodha Supremus Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Balashri Commercial Limited, buy the company report.
Comprehensive company report
Balashri Commercial 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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Business activity
The main business activity of Balashri Commercial is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Balashri Commercial Limited, buy the company report.
Financials of Balashri Commercial Limited
FY 2025 filings availableBalashri Commercial Limited reported revenue of ₹8.21 Cr (down 63% YoY) for FY 2024.
Revenue · FY 2024
₹8.21 Cr ▼ 63%
Net profit · FY 2024
₹8.04 Lakh margin 1%
EBITDA · FY 2024
₹4.52 Cr margin 55.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 50%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 2%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 63% fall in the latest year. EBITDA fell 34% 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 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 | ₹8.21 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.04 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.1% | ||||
| Net Profit Margin | 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 | |||||
To see the full financial statements and ratios of Balashri Commercial Limited, buy the company report.
Board of directors and KMP of Balashri Commercial Limited
Balashri Commercial Limited currently reports 4 directors and 1 key managerial person. 14 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kausik Jashwantlal Shah | Director | 29 May 2024 | 2 Years 5 Months | Current |
| Jeny Vinod Kumar Gowadia Also directs: Indianivesh Capitals Limited, Indianivesh Limited, Responsive Industries Limited and 3 more | Director | 27 May 2025 | 1 Years 5 Months | Current |
| Rajesh Nuwal Also directs: Indianivesh Investment Advisors LLP, Artha Sri Investment Consultants LLP, Indianivesh Capitals Limited and 5 more | Cfo | 28 Aug 2023 | 3 Years 2 Months | Current |
| Radheyshyam Bajranglal Maheshwari | Director | 31 Mar 2011 | 15 Years 7 Months | Current |
| Sanjay Ramdhari Yadav Also directs: Indianivesh Capitals Limited | Additional Director | 20 Jun 2026 | 0 Years 4 Months | Current |
Peer comparison
Balashri Commercial Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ari Consolidated Investments Private Limited | ₹8.26 Cr (FY 2025) | -96.0% | Lower Parel Mumbai, Maharashtra, India | |||
| Balashri Commercial Limitedthis company | ₹8.21 Cr (FY 2024) | ₹8.04 Lakh | 1% | -63.0% | Mumbai, Maharashtra, India | |
| Spicebulls Investments Limited | ₹8.18 Cr (FY 2025) | 384.0% | New Delhi, Delhi, India | |||
| Oarsman Credit Private Limited | ₹8.15 Cr (FY 2025) | 253.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Balashri Commercial Limited, buy the company report.
Auditor
Balashri Commercial Limited is audited by SGCO & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SGCO & Co. LLP | FY 2019 | 112081W |
Shareholding
The shareholding of Balashri Commercial Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balashri Commercial Limited, buy the company report.
Charges & borrowings
Open charges
₹25.52 Lakh
Satisfied charges
₹185 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 1989 | 90251672 | State Bank of Indore | ₹14.27 Lakh | Open | |
| 05 Feb 1986 | 90251626 | The North Kanera Goud Saraswat Brahmin Cooperative Bank Ltd. | ₹11.25 Lakh | Open | |
| 11 Apr 2019 | 100257862 | Hdfc Bank Limited | ₹185 Cr | Satisfied |
To see the full charge records of Balashri Commercial Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Balashri Commercial Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Total cases
4
Filed against the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court | Court case (ITR) | Filed against the company by an individual | Disposed |
| High Court | Court case (ITR) | Filed against the company by an individual | Disposed |
To see the full case history of Balashri Commercial 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 Balashri Commercial Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balashri Commercial has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB2631H1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balashri Commercial Limited, buy the company report.
Recent activity
Balashri Commercial Limited has 20 board changes on record since 2008: 8 appointments and 12 cessations. The latest: Sanjay Ramdhari Yadav was appointed as Additional Director on 20 Jun 2026.
Appointed
Sanjay Ramdhari Yadav was appointed as Additional Director.
AGM
Balashri Commercial Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Jeny Vinod Kumar Gowadia ceased to be Additional Director.
Appointed
Jeny Vinod Kumar Gowadia was appointed as Director.
Filing
Balashri Commercial Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Kausik Jashwantlal Shah ceased to be Additional Director.
Appointed
Kausik Jashwantlal Shah was appointed as Director.
Appointed
Rohit Jain was appointed as Company Secretary.
Appointed
Rajesh Nuwal was appointed as CFO.
Charges
A charge registered on 11 Apr 2019 via Charge ID 100257862 with Hdfc Bank Limited was fully satisfied on 04 Feb 2022.
Ceased
Rakeshh Mantrri ceased to be CFO.
Charges
A charge with Hdfc Bank Limited of Rs. 185.00 Cr registered on 11 Apr 2019 with Charge ID 100257862 was modified on 19 Dec 2019.
17 earlier events are in the company report.
Frequently asked questions
Balashri Commercial is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 18 October 1958 (68+ years old) and is registered under CIN L15321MH1958PLC281327.
Balashri Commercial has 5 current directors and KMP:
- Kausik Jashwantlal Shah - Director
- Jeny Vinod Kumar Gowadia - Director
- Radheyshyam Bajranglal Maheshwari - Director
- Sanjay Ramdhari Yadav - Additional Director
- Rajesh Nuwal - Cfo
The latest financial statements of Balashri Commercial 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 Balashri Commercial is 27AACCB2631H1Z0, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Balashri Commercial is L15321MH1958PLC281327. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Balashri Commercial is a listed company as per MCA records.
Balashri Commercial has 4 court cases on record: 4 filed against it. Most are in the district courts.
Balashri Commercial was incorporated on 18 October 1958, making it 68+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Balashri Commercial by revenue are Ari Consolidated Investments Private Limited, Spicebulls Investments Limited, Oarsman Credit Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Sanjay Ramdhari Yadav was appointed as Additional Director on 20 Jun 2026. Jeny Vinod Kumar Gowadia ceased to be Additional Director on 29 Sep 2025. Jeny Vinod Kumar Gowadia was appointed as Director on 27 May 2025. Balashri Commercial has 20 board changes on record in total.
Yes, Balashri Commercial is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0176846).
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