Balwant Textile Mills Limited
About Balwant Textile Mills Limited
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Balwant Textile Mills Limited is a public limited company based in Miraj, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 December 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17119MH1988PLC016541. Its GSTIN is 27AABCB1538Q1ZE (Maharashtra).
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹13.09 Cr. It is led by directors including Archana Rajendra Bhate (Managing Director) and Geeta Rajendra Bhate.
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 2823 Shri Govindraojimarathe Road, Miraj, Maharashtra, India – 416410.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.1 Lakh. For the same year it recorded a net loss of ₹20.55 Lakh (net margin -102.2%) and EBITDA of -₹16.09 Lakh (EBITDA margin -80%). Revenue has grown at a compounded annual rate (CAGR) of 747% over three years and 217% over five years.
Court records list 18 cases involving the company, including 6 filed by the company and 12 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Balwant Textile Mills Limited's registered office is in Miraj, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2823 Shri Govindraojimarathe Road, Miraj, Maharashtra, India – 416410
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Balwant Textile Mills 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
Financials of Balwant Textile Mills Limited
FY 2024 filings availableBalwant Textile Mills Limited reported revenue of ₹20.1 Lakh for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 217% over five years. EBITDA rose 59% 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 |
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| Total Expenses | |||||
| EBITDA | -₹16.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.55 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -80% | ||||
| Net Profit Margin | -102.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Balwant Textile Mills Limited, buy the company report.
Board of directors of Balwant Textile Mills Limited
Balwant Textile Mills has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Rajendra Bhate Also directs: Sangli Constructions Private Limited | Director | 06 Jun 2024 | 2 Years 5 Months | Current |
| Archana Rajendra Bhate | Managing Director | 13 Mar 2018 | 8 Years 8 Months | Current |
| Siddharth Rajendra Bhate | Director | 06 Jun 2024 | 2 Years 5 Months | Current |
Peer comparison
Balwant Textile Mills Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Katha Trends Private Limited | ₹20.19 Lakh (FY 2024) | 28.0% | Jogeshwari East, Maharashtra, India | |||
| Varsa Cotton Private Limited | ₹20.12 Lakh (FY 2025) | Maharashtra, India | ||||
| Balwant Textile Mills Limitedthis company | ₹20.1 Lakh (FY 2025) | -₹20.55 Lakh | -102.2% | Miraj, Maharashtra, India | ||
| Ajanta Cotex Private Limited | ₹20.08 Lakh (FY 2025) | 0.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Balwant Textile Mills Limited, buy the company report.
Auditor
Balwant Textile Mills Limited is audited by ABHHAYANKAR & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHHAYANKAR & COMPANY | FY 2019 | 100024W |
Shareholding
The shareholding of Balwant Textile Mills 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 category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balwant Textile Mills Limited, buy the company report.
Legal cases
Balwant Textile Mills Limited has 18 court cases on record: 6 filed by Balwant Textile Mills, 12 filed against it. 2 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 9 | 1 |
| High courts | 6 | 3 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SEBI SPL CASE) | Filed against the company by Securities and Exchange Board of India | Pending |
| District court, Sangli, Maharashtra | Court case (R.C.A.) | Filed by the company against Maharashtra Industrial Department Corporation Midc | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Maersk Line UK Ltd and Anr | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Government of India | Disposed |
To see the full case history of Balwant Textile Mills 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 Balwant Textile Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balwant Textile Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB1538Q1ZE | Maharashtra | Active | 24 Sep 2022 |
To see the full GST registrations and return filing status of Balwant Textile Mills Limited, buy the company report.
Recent activity
Balwant Textile Mills Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Harsha Hargovindas Padia ceased to be Director on 07 Jun 2024.
Frequently asked questions
Balwant Textile Mills is an active public limited company based in Miraj, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 December 1988 (38+ years old) and is registered under CIN U17119MH1988PLC016541.
Balwant Textile Mills has 3 current directors:
- Archana Rajendra Bhate - Managing Director
- Geeta Rajendra Bhate - Director
- Siddharth Rajendra Bhate - Director
The latest financial statements of Balwant Textile Mills 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 2015 are in the company report.
The GSTIN of Balwant Textile Mills is 27AABCB1538Q1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Balwant Textile Mills is U17119MH1988PLC016541. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balwant Textile Mills has 18 court cases on record: 6 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Balwant Textile Mills was incorporated on 09 December 1988, making it 38+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Balwant Textile Mills by revenue are Katha Trends Private Limited, Varsa Cotton Private Limited, Ajanta Cotex Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Harsha Hargovindas Padia ceased to be Director on 07 Jun 2024. Prasanna Raghuvir Kolhatkar ceased to be Director on 07 Jun 2024. Geeta Rajendra Bhate was appointed as Director on 06 Jun 2024. Balwant Textile Mills has 8 board changes on record in total.
The registered office of Balwant Textile Mills is at 2823 Shri Govindraojimarathe Road, Miraj, Maharashtra, India – 416410.
Balwant Textile Mills operates in the manufacturing industry, in the textile and fabric production segment.
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