Baldor Technologies Private Limited

Baldor Technologies Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74900MH2011PTC291275 Incorporated 31 May 2011 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company information technology MSME · Medium
Data last updated
Revenue · FY 2025
₹164.48 Cr
▲ 30% YoY
Net profit · FY 2025
₹1.59 Cr
Net margin 1%
EBITDA · FY 2025
₹4.68 Cr
EBITDA margin 2.8%
Authorised capital
₹11.59 Cr
Registered with MCA
Paid-up capital
₹7.49 Cr
Issued & subscribed
Open charges
₹18.67 Cr
Satisfied ₹4 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
652
Provident fund records

About Baldor Technologies Private Limited

Data last updated:

Baldor Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 31 May 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2011PTC291275. Its GSTIN is 27AAECB5596K1Z5 (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹11.59 Cr and a paid-up capital of ₹7.49 Cr. It is led by directors including Vineet Jawa and Ashok Narayan Hariharan.

Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8th Floor Skyline Icon Andheri  Kurla Road Chimatpada Marol Andheri East, Mumbai, Maharashtra, India – 400059.

As per the financials filed for FY 2025, the company reported a revenue of ₹164.48 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 1%) and EBITDA of ₹4.68 Cr (EBITDA margin 2.8%).

The company has about 652 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands: IDfy and CrimeCheck. As per MCA filings, the company has open charges of ₹18.67 Cr and satisfied charges of ₹4 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 19 deals on record (10 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹849.53 Cr; the latest was in February 2026. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 58 overdue payments to 21 micro and small suppliers.

Baldor Technologies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0014887). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idfy.com.

Company details

CIN U74900MH2011PTC291275
Registration Number 291275
Incorporation Date 31 May 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0014887

CIN history

Baldor Technologies has one previous CIN (Corporate Identification Number): U74900KA2011PTC058881. The current CIN is U74900MH2011PTC291275, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74900MH2011PTC291275Current
U74900KA2011PTC058881Previous
Key People
Vineet Jawa Director Karthik Reddy Bezawada Nominee Director Ashok Narayan Hariharan Director

Recognitions & Rankings of Baldor Technologies

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0014887

Contact details

Baldor Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is idfy.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    idfy.com
  • Social Media
  • Registered Address
    8th Floor Skyline Icon Andheri  Kurla Road Chimatpada Marol Andheri East, Mumbai, Maharashtra, India – 400059
  • Industry
    Information Technology, Application Development & Software Solutions

To see the full contact details of Baldor Technologies Private Limited, buy the company report.

Comprehensive company report
Baldor Technologies 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

Baldor Technologies operates two associated brands: IDfy and CrimeCheck. Each brand links to its own profile.

BrandDescriptionWebsite
IDfy
Identity verification, background screening, and fraud prevention solutions are provided.idfy.com
CrimeCheck
AI powered database of criminal recordscrimecheck.ai

Financials of Baldor Technologies Private Limited

FY 2025 filings available

Baldor Technologies Private Limited reported revenue of ₹164.48 Cr (up 30% YoY) for FY 2025.

Revenue · FY 2025
₹164.48 Cr ▲ 30%
Net profit · FY 2025
₹1.59 Cr margin 1%
EBITDA · FY 2025
₹4.68 Cr margin 2.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 30%

Revenue rose 30% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹164.48 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.68 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.59 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin2.8%
Net Profit Margin1%
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 Baldor Technologies Private Limited, buy the company report.

Board of directors of Baldor Technologies Private Limited

Baldor Technologies has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vineet Jawa
Also directs: Purusha LLP, Credright Finance Private Limited, Credright Private Limited and 2 more
Director31 May 201115 Years 5 MonthsCurrent
Karthik Reddy Bezawada
Also directs: Blume Venture Investment Manager LLP, 3F Ventures Management Consultants LLP, 3F Ventures Investment Manager LLP and 5 more
Nominee Director26 Mar 201214 Years 7 MonthsCurrent
Ashok Narayan Hariharan
Also directs: Gaboli Online Services Private Limited, Getupforchange Services Private Limited
Director31 May 201115 Years 5 MonthsCurrent
Navin Kotrappa Honagudi
Also directs: Case Platforms Private Limited, Elevate Advisory Services LLP, Loantap Financial Technologies Private Limited and 1 more
Nominee Director23 Apr 20242 Years 6 MonthsCurrent
Ashish Jaiprakash ShastryNominee Director23 Apr 20242 Years 6 MonthsCurrent
Rohit Razdan
Also directs: Tenacity Investment Advisors LLP, Doremi Enterprises LLP, Tenacity Partners LLP and 5 more
Nominee Director23 Apr 20242 Years 6 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Baldor Technologies Private Limited is audited by Haribhakti & Co.LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Haribhakti & Co.LLPFY 2025103523W

Shareholding

The shareholding of Baldor Technologies Private 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 categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Baldor Technologies Private Limited, buy the company report.

Charges & borrowings

Open charges
₹18.67 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Citi Bank N.A.₹17.00 Cr
Others₹1.67 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Apr 2024100908782Others₹1.67 CrOpen
08 May 2023100719237Citi Bank N.A.₹17 CrOpen
21 Jul 2016100047160Others₹4 CrSatisfied

To see the full charge records of Baldor Technologies Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Baldor Technologies Private Limited has 19 deals on record (10 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹849.53 Cr; the latest was in February 2026.

Total deals
19
Funding rounds
10
Secondary share transfers
6
Convertible or debt financings
3
Disclosed funding
₹849.53 Cr

Deals on record (5 of 19)

WhenDealAmountParties
Dec 2022Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Trifecta Capital
Jun 2021Secondary share transferUndisclosedBuyer: Blume Ventures
Seller: Faktory Ventures
Dec 2017Funding round · Series D₹19.5 CrInvestors: NB Ventures, Dream Incubator, New Enterprise Associates
Apr 2017Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Feb 2014Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

To see the full deal history of Baldor Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Baldor Technologies Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 58 overdue payments to 21 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 21)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Invincible Ocean Private Limited
Arthor Services Private Limited
an individual supplier

To see the full MSME payment records of Baldor Technologies Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Baldor Technologies has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Baldor Technologies Account Aggregator Services Private LimitedU72900MH2022PTC390812
Getupforchange Services Private LimitedU74900KA2014PTC073629

To see the full group structure of Baldor Technologies Private Limited, buy the company report.

Employees & EPFO

Baldor Technologies Private Limited has a workforce of 652 employees on its EPFO records as of Jan 07, 2026, across 1 active EPFO establishment.

Employee count
652
Active EPFO establishments
1
Employee growth
25.14%

GST

Baldor Technologies has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAECB5596K1Z5MaharashtraActive01 Jul 2017
29AAECB5596K1Z1KarnatakaActive01 Feb 2025

To see the full GST registrations and return filing status of Baldor Technologies Private Limited, buy the company report.

Recent activity

Baldor Technologies Private Limited has 20 board changes on record since 2011: 8 appointments and 12 cessations. The latest: Ruchir Lahoty ceased to be Nominee Director on 14 Jun 2024.

AGM
Baldor Technologies Private Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Filing
Baldor Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Citi Bank N.A. of Rs. 17.00 Cr registered on 08 May 2023 with Charge ID 100719237 was modified on 05 Sep 2024.
Ceased
Ruchir Lahoty ceased to be Nominee Director.
Ceased
Ashish Jaiprakash Shastry ceased to be Additional Director.
Ceased
Navin Kotrappa Honagudi ceased to be Additional Director.
Ceased
Rohit Razdan ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 1.67 Cr with Charge ID 100908782 was registered on 23 Apr 2024.
Appointed
Ashish Jaiprakash Shastry was appointed as Nominee Director.
Appointed
Navin Kotrappa Honagudi was appointed as Nominee Director.
Appointed
Rohit Razdan was appointed as Nominee Director.
Ceased
Mayur Kapur ceased to be Nominee Director.

16 earlier events are in the company report.

News

Frequently asked questions

Baldor Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 31 May 2011 (15+ years old) and is registered under CIN U74900MH2011PTC291275.

Baldor Technologies has 8 current directors:

The latest financial statements of Baldor Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Baldor Technologies is 27AAECB5596K1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAECB5596K1Z1 (Karnataka).

The CIN (Corporate Identification Number) of Baldor Technologies is U74900MH2011PTC291275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Baldor Technologies has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the high courts.

Baldor Technologies was incorporated on 31 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.

Baldor Technologies has 19 deals on record (10 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹849.53 Cr; the latest was in February 2026.

Ruchir Lahoty ceased to be Nominee Director on 14 Jun 2024. Ashish Jaiprakash Shastry ceased to be Additional Director on 25 Apr 2024. Navin Kotrappa Honagudi ceased to be Additional Director on 25 Apr 2024. Baldor Technologies has 20 board changes on record in total.

Yes, Baldor Technologies is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0014887).

Baldor Technologies has 9 MSME Form 1 returns on record between 2019 and 2024, listing 58 overdue payments to 21 micro and small suppliers. The latest return was filed on 08 May 2024.