Balin Gyms Private Limited
About Balin Gyms Private Limited
Data last updated:
Balin Gyms Private Limited is a private limited company based in Jalandhar, Punjab, India. It operates in the fitness centers and gyms segment of the health and wellness sector. It was incorporated on 19 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U85194PB2017PTC046484. Its GSTIN is 03AAHCB2474R1ZB (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Avtar Singh Colar (Whole-Time Director) and Rishi Raj Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 15 Industrial Focal Point Phase – II, Jalandhar, Punjab, India – 144004.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.63 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹9.03 Lakh (net margin -5.6%) and EBITDA of ₹11.31 Lakh (EBITDA margin 7%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Balin Gyms Private Limited's registered office is in Jalandhar, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressB – 15 Industrial Focal Point Phase – II, Jalandhar, Punjab, India – 144004
- IndustryHealth and Wellness Services, Fitness Centers & Gyms
To see the full contact details of Balin Gyms Private Limited, 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
Business activity
The main business activity of Balin Gyms is arts, entertainment and recreation. In detail, this covers sports activities and amusement and recreation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | 93 | Sports activities and amusement and recreation activities |
To see the full business activity and turnover split of Balin Gyms Private Limited, buy the company report.
Financials of Balin Gyms Private Limited
FY 2024 filings availableBalin Gyms Private Limited reported revenue of ₹1.63 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 2% fall in the latest year. EBITDA rose 91% 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 |
|---|---|---|---|---|---|
| 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 | ₹11.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.03 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | -5.6% | ||||
| 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 Balin Gyms Private Limited, buy the company report.
Board of directors of Balin Gyms Private Limited
Balin Gyms has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avtar Singh Colar | Whole-Time Director | 19 Jun 2017 | 9 Years 4 Months | Current |
| Rishi Raj Sharma Also directs: Yogland India Private Limited, Proxima Steel Forge Private Limited, H. R. Tools Private Limited and 2 more | Director | 19 May 2017 | 9 Years 5 Months | Current |
Auditor
Balin Gyms Private Limited is audited by N K VIG & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K VIG & ASSOCIATES | FY 2020 | 012333N |
Shareholding
The shareholding of Balin Gyms Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Balin Gyms Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Balin Gyms Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balin Gyms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balin Gyms has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAHCB2474R1ZB | Punjab | Active | 12 Feb 2018 |
To see the full GST registrations and return filing status of Balin Gyms Private Limited, buy the company report.
Recent activity
Balin Gyms Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Jagdev Singh Chima ceased to be Director on 20 Nov 2023.
Frequently asked questions
Balin Gyms is an active private limited company based in Jalandhar, Punjab, India. The company works in fitness centers and gyms, within the health and wellness services industry. It was incorporated on 19 May 2017 (9+ years old) and is registered under CIN U85194PB2017PTC046484.
Balin Gyms has 2 current directors:
- Avtar Singh Colar - Whole-Time Director
- Rishi Raj Sharma - Director
The latest financial statements of Balin Gyms on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Balin Gyms is 03AAHCB2474R1ZB, registered in Punjab.
The CIN (Corporate Identification Number) of Balin Gyms is U85194PB2017PTC046484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balin Gyms was incorporated on 19 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
Jagdev Singh Chima ceased to be Director on 20 Nov 2023. Avtar Singh Colar was appointed as Whole-Time Director on 19 Jun 2017. Rishi Raj Sharma was appointed as Director on 19 May 2017.
The registered office of Balin Gyms is at B – 15 Industrial Focal Point Phase – II, Jalandhar, Punjab, India – 144004.
Balin Gyms operates in the health and wellness services industry, in the fitness centers and gyms segment.
The compliance status of Balin Gyms is active non-compliant as of 27 July 2026. The company is actively filing with the Registrar of Companies.