About Balt India Private Limited
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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.
Company details
Contact details
Balt India Private Limited's registered office is in Mumbai, Maharashtra. Its website is balt-corp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB2 709 7th Floor Boomerang Building Chandivali Farm Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Balt India 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
Brands
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 availableBalt India Private Limited reported revenue of ₹77.65 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| 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 | |||||
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| Inventories | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Balt India Private Limited, buy the company report.
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 11 Months | Current |
| Peter Stuart Cooke | Director | 01 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Balt India Private Limited is compared with the 7 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balt India Private Limitedthis company | ₹77.65 Cr (FY 2023) | ₹5.14 Cr | 6.6% | 9.0% | 44 | Mumbai, Maharashtra, India |
| Faith Biotech Private Limited | ₹55.66 Cr (FY 2025) | -10.0% | New Delhi, Delhi, 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 | |||
| 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 | |||
| 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 |
To see the full peer comparison of Balt India Private Limited, buy the company report.
Auditor
Balt India Private Limited is audited by KODIRAGHAVANSRINIVASAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KODIRAGHAVANSRINIVASAN | FY 2023 | 048489 |
Shareholding
The shareholding of Balt India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balt India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2025 | 101228231 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Lakh | Open | |
| 25 Jan 2016 | 10621093 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Balt India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Balt India Private Limited has 2 court cases on record: 2 filed by Balt India. All cases are disposed.
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 Proteus Medical Technology Pvt Ltd and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against Proteus Medical Technology Pvt. Ltd. | Disposed |
To see the full case history of Balt India Private 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 Balt India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Balt India Private Limited has a workforce of 44 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Balt India Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 3 current directors:
- Sanjay Sunder Karnani - Director
- Emeric Marie Etienne Domergue - Additional Director
- Peter Stuart Cooke - Director
The latest financial statements of Balt India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 15 May 2025. Year-wise statements from 2015 are in the company report.
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, Agkem Impex Private Limited, Bioscreen Instruments Private Limited, Inexus Biotech Private Limited, Deash Trade-Net Private Limited and 2 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
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.
Balt India can be reached through the website balt-corp.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Balt India is at B2 709 7th Floor Boomerang Building Chandivali Farm Road Andheri East, Mumbai, Maharashtra, India – 400072.