About Balsam Developers Private Limited
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Balsam Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2008PTC182784. Its GSTIN is 27AADCB6044M1ZH (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Narendra Chandrakant Bhavsar (Managing Director) and Jagdish Shivdas Bhavsar.
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 F/56 – 57 R. Galleria Mulund Link Road Nahur Village Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.59 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹31.82 Lakh (net margin -39%) and EBITDA of -₹27.53 Lakh (EBITDA margin -33.7%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 23% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Balsam Developers. As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balsamdevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressF/56 – 57 R. Galleria Mulund Link Road Nahur Village Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Business Activity of Balsam Developers Private Limited
The main business activity of Balsam Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Balsam Developers Private Limited FY 2025 filings available
Balsam Developers Private Limited reported revenue of ₹81.59 Lakh (down 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Balsam Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 47% fall in the latest year. EBITDA rose 6% 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 of Balsam Developers Private Limited
| 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 | -₹27.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹31.82 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Balsam Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -33.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -39% | •••• | •••• | •••• | •••• |
| 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 Balsam Developers 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 Balsam Developers Private Limited
Balsam Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mormukut Nirman Private Limited | ₹81.66 Lakh (FY 2025) | •••• | •••• | 116556.0% | •••• | Kolkata, West Bengal, India |
| Muktamani Vanijya Private Limited | ₹81.66 Lakh (FY 2024) | •••• | •••• | -39.0% | •••• | Kolkata, West Bengal, India |
| Balwadkar Industries Private Limited | ₹81.65 Lakh (FY 2022) | •••• | •••• | 228344.0% | •••• | Pune, Maharashtra, India |
| Sakaar Builders and Developers (OPC) Private Limited | ₹81.63 Lakh (FY 2019) | •••• | •••• | 449.0% | •••• | Pithampur, Madhya Pradesh, India |
| Achrekar Developers Private Limited | ₹81.6 Lakh (FY 2025) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Balsam Developers Private Limited this company | ₹81.59 Lakh (FY 2025) | •••• | •••• | -47.0% | •••• | Mumbai, Maharashtra, India |
| Nish Bhagya Construction Private Limited | ₹81.57 Lakh (FY 2021) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Sumangalam Realtech Private Limited | ₹81.57 Lakh (FY 2025) | •••• | •••• | 120.0% | •••• | Delhi, India |
| Narsimha Ventures Private Limited | ₹81.52 Lakh (FY 2024) | •••• | •••• | 26.0% | •••• | Guwahati, Assam, India |
| Shri Ram Vastu-Infra Private Limited | ₹81.47 Lakh (FY 2025) | •••• | •••• | 98.0% | •••• | Nagpur, Maharashtra, India |
| Shree Gangavalley Developers Private Limited | ₹81.45 Lakh (FY 2024) | •••• | •••• | -12.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Balsam Developers by revenue in the Real Estate industry (Builders and Developers), 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 Balsam Developers Private Limited
Balsam Developers Private Limited is audited by TILAK SHIRSAT & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| TILAK SHIRSAT & 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 Balsam Developers Private Limited
Balsam Developers has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Shivdas Bhavsar | Director | 28 May 2008 | 18 Years 4 Months | Current |
| Amey Narendra Bhavsar | Director | 28 May 2008 | 18 Years 4 Months | Current |
| Neeta Narendra Bhavsar | Director | 28 May 2008 | 18 Years 4 Months | Current |
| Narendra Chandrakant Bhavsar | Managing Director | 28 May 2008 | 18 Years 4 Months | Current |
| Monita Jagdish Bhavsar | Director | 28 May 2008 | 18 Years 4 Months | Current |
Ownership and Shareholding of Balsam Developers Private Limited
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 Balsam Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2011 | The Shamrao Vithal Co-Operative Bank Limited | ₹7.5 Cr | Open |
| 06 Sep 2011 | The Shamrao Vithal Co-Operative Bank Limited | ₹7.5 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Balsam Developers Private Limited
Balsam Developers Private Limited has 3 court cases on record: 1 filed by Balsam Developers, 2 filed against it. 1 case is pending and 2 are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Raigad, Maharashtra | Court case (M.C.A.) | Filed against the company by an individual | Disposed |
| District court, Raigad, Maharashtra | Court case (M.C.A.) | Filed against the company by an individual | Disposed |
Full case history
All 3 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.
Associated Brands with Balsam Developers Private Limited
Balsam Developers operates one associated brand: Balsam Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate company developing affordable housing and weekend home projects. | balsamdevelopers.com |
Employees and EPFO Compliance at Balsam Developers Private Limited
Balsam Developers Private Limited has a workforce of 1 employees as of Mar 22, 2024.
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 Balsam Developers Private Limited
Balsam Developers Private Limited has 7 board changes on record since 2008: 5 appointments and 2 cessations. The latest: Hitesh Sanjay Mehra ceased to be Director on 01 Jun 2019.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balsam Developers Private Limited
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 Balsam Developers Private Limited
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 Balsam Developers Private Limited
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 Balsam Developers Private Limited
Balsam Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB6044M1ZH | 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 Balsam Developers Private Limited
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 Balsam Developers Private Limited
Balsam Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 May 2008 (18+ years old) and is registered under CIN U45200MH2008PTC182784.
Balsam Developers reported revenue of ₹81.59 Lakh for FY 2025 (down 47% YoY).
Balsam Developers has 5 current directors:
- Narendra Chandrakant Bhavsar - Managing Director
- Jagdish Shivdas Bhavsar - Director
- Amey Narendra Bhavsar - Director
- Neeta Narendra Bhavsar - Director
- Monita Jagdish Bhavsar - Director
Balsam Developers reported a net loss of ₹31.82 Lakh (net margin -39%) and EBITDA of -₹27.53 Lakh (EBITDA margin -33.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balsam Developers is -43% over three years and -23% over five years. In the latest year (FY 2025) revenue fell 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balsam Developers is 27AADCB6044M1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balsam Developers is U45200MH2008PTC182784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balsam Developers has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Balsam Developers was incorporated on 28 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Balsam Developers by revenue are Mormukut Nirman Private Limited, Muktamani Vanijya Private Limited, Balwadkar Industries Private Limited, Sakaar Builders and Developers (OPC) Private Limited, Achrekar Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Hitesh Sanjay Mehra ceased to be Director on 01 Jun 2019. Vinay Madhusudan Mehra ceased to be Director on 01 Jun 2019. Amey Narendra Bhavsar was appointed as Director on 28 May 2008. Balsam Developers has 7 board changes on record in total.