About Balt India Private Limited
Data last updated:
Balt India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Balt International Sas. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 23 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2013PTC248488. Its GSTIN is 27AADCE5156B1ZY (Maharashtra). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Endovascular Corporation Private Limited. It is led by directors including Sanjay Sunder Karnani and Peter Stuart Cooke.
Its last annual general meeting (AGM) was held on 15 May 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at B2 709 7th Floor Boomerang Building Chandivali Farm Road Andheri East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2023, the company reported a revenue of ₹77.65 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹5.14 Cr (net margin 6.6%) and EBITDA of ₹8.16 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 26% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Balt Group. As per MCA filings, the company has open charges of ₹20 Lakh and satisfied charges of ₹5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balt-corp.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB2 709 7th Floor Boomerang Building Chandivali Farm Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryHealthcare, Medical Equipment Retail & Distribution
- 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
Associated Brands with Balt India Private Limited
Balt India operates one associated brand: Balt Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Neurovascular devices for stroke treatment and embolization are provided. | baltgroup.com |
Financials of Balt India Private Limited FY 2024 filings available
Balt India Private Limited reported revenue of ₹77.65 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Balt India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 9% growth in the latest year. EBITDA rose 19% 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 Balt India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹77.65 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.14 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 of Balt India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Balt India 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.
Board of Directors of Balt India Private Limited
Balt India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Sunder Karnani | Director | 05 Mar 2019 | 7 Years 7 Months | Current |
| Emeric Marie Etienne Domergue | Additional Director | 23 Nov 2018 | 7 Years 10 Months | Current |
| Peter Stuart Cooke | Director | 01 May 2024 | 2 Years 5 Months | Current |
Peer Comparison of Balt India Private Limited
Balt India Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balt India Private Limited this company | ₹77.65 Cr (FY 2023) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Faith Biotech Private Limited | ₹55.66 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| Avenir Lifecare Pharma Private Limited | ₹55.34 Cr (FY 2025) | •••• | •••• | •••• | Secunderabad, Telangana, India | |
| Agkem Impex Private Limited | ₹54.97 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Bioscreen Instruments Private Limited | ₹54.97 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Chennai, Tamil Nadu, India |
| Medishare Private Limited | ₹54.81 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Delhi, India |
| Inexus Biotech Private Limited | ₹54.06 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Chennai, Tamil Nadu, India |
| Deash Trade-Net Private Limited | ₹53.86 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Medical Bionic Private Limited | ₹53.78 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Ivoomi Innovation Private Limited | ₹53.69 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| KLS Martin India Private Limited | ₹53.64 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Balt India by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), 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 Balt India Private Limited
Balt India Private Limited is audited by KODIRAGHAVANSRINIVASAN for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KODIRAGHAVANSRINIVASAN | 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.
Ownership and Shareholding of Balt India 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 Balt India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Lakh | Open |
| 25 Jan 2016 | Others | ₹5 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Balt India Private Limited
Balt India Private Limited has 2 court cases on record: 2 filed by Balt India. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms Technology Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against Proteus Medical Technology Pvt. Ltd | Disposed |
Full case history
All 2 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.
Employees and EPFO Compliance at Balt India Private Limited
Balt India Private Limited has a workforce of 44 employees as of Apr 09, 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 Balt India Private Limited
Balt India Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Mark Edward Pickard ceased to be Director on 01 May 2024.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balt India 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 Balt India 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 Balt India 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 Balt India Private Limited
Balt India has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE5156B1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AADCE5156B3ZW | Maharashtra | Active | 27 Aug 2024 |
| 07AADCE5156B1Z0 | Delhi | Active | 01 Jul 2017 |
| 29AADCE5156B1ZU | Karnataka | 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 Balt India 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.
Related news about Balt India Private Limited
Frequently Asked Questions about Balt India Private Limited
Balt India is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 23 September 2013 (13+ years old) and is registered under CIN U74120MH2013PTC248488.
Balt India reported revenue of ₹77.65 Cr for FY 2023 (up 9% YoY).
Balt India has 3 current directors:
- Sanjay Sunder Karnani - Director
- Emeric Marie Etienne Domergue - Additional Director
- Peter Stuart Cooke - Director
Balt India reported a net profit of ₹5.14 Cr (net margin 6.6%) and EBITDA of ₹8.16 Cr (EBITDA margin 10.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balt India is 29% over three years and 26% over five years. In the latest year (FY 2023) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balt India is 27AADCE5156B1ZY, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 27AADCE5156B3ZW (Maharashtra), 07AADCE5156B1Z0 (Delhi), 29AADCE5156B1ZU (Karnataka).
The CIN (Corporate Identification Number) of Balt India is U74120MH2013PTC248488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balt India has 2 court cases on record: 2 filed by the company.
Balt India was incorporated on 23 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Balt India by revenue are Faith Biotech Private Limited, Avenir Lifecare Pharma Private Limited, Agkem Impex Private Limited, Bioscreen Instruments Private Limited, Medishare Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Mark Edward Pickard ceased to be Director on 01 May 2024. Peter Stuart Cooke was appointed as Director on 01 May 2024. Eric Jean Pierre Devineau ceased to be Additional Director on 01 Oct 2023. Balt India has 9 board changes on record in total.