Baroda Industries Private Limited
About Baroda Industries Private Limited
Data last updated:
Baroda Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 14 February 1941 and has been in existence for over 85 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1941PTC007467. Its GSTIN is 27AAACB2428A1ZD (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹7 Lakh. It was formerly known as The Baroda Industries Private Limited and The Baroda Industries Limited. It is led by directors Minal Niraj Bajaj and Nirajkumar Ramkrishnaji Bajaj.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bajaj Bhavan 2nd Floor226 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.63 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹30.93 Cr (net margin 72.6%) and EBITDA of ₹41.35 Cr (EBITDA margin 97%). Revenue has grown at a compounded annual rate (CAGR) of 17% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.64 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Baroda Industries has undergone 3 name changes throughout its history. The company was previously known as The Baroda Industries Private Limited, The Baroda Industries Limited, and Baroda Industries Limited. The current legal name is Baroda Industries Private Limited.
| Company Name | Status |
|---|---|
| Baroda Industries Private Limited | Current |
| The Baroda Industries Private Limited | Previous |
| The Baroda Industries Limited | Previous |
| Baroda Industries Limited | Previous |
CIN history
Baroda Industries has one previous CIN (Corporate Identification Number): U17100MH1949PTC007467. The current CIN is U17100MH1941PTC007467, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100MH1941PTC007467 | Current |
| U17100MH1949PTC007467 | Previous |
Contact details
Baroda Industries Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBajaj Bhavan 2nd Floor226 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Baroda Industries 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 Baroda Industries is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Baroda Industries Private Limited, buy the company report.
Financials of Baroda Industries Private Limited
FY 2025 filings availableBaroda Industries Private Limited reported revenue of ₹42.63 Cr (up 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 4% growth in the latest year. EBITDA rose 4% 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 | ₹42.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹41.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.93 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97% | ||||
| Net Profit Margin | 72.6% | ||||
| 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 Baroda Industries Private Limited, buy the company report.
Board of directors of Baroda Industries Private Limited
Baroda Industries has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Minal Niraj Bajaj | Director | 28 Nov 1992 | 33 Years 11 Months | Current |
| Nirajkumar Ramkrishnaji Bajaj | Director | 22 Sep 1986 | 40 Years 1 Months | Current |
Peer comparison
Baroda Industries Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PNB Cards & Services Limited | ₹42.74 Cr (FY 2025) | 91.0% | Delhi, India | |||
| Baroda Industries Private Limitedthis company | ₹42.63 Cr (FY 2023) | ₹30.93 Cr | 72.6% | 4.0% | 4 | Mumbai, Maharashtra, India |
| Lacy Limited | ₹42.61 Cr (FY 2024) | 339.0% | Delhi, India | |||
| Emgee Muthoot Nidhi Limited | ₹42.28 Cr (FY 2025) | 110.0% | Aluva, Kerala, India | |||
| Levin Fintech Private Limited | ₹42.07 Cr (FY 2025) | 156.0% | New Delhi, Delhi, India |
To see the full peer comparison of Baroda Industries Private Limited, buy the company report.
Auditor
Baroda Industries Private Limited is audited by CHHOTALAL H SHAH & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHHOTALAL H SHAH & COMPANY | FY 2023 | 101828W |
Shareholding
The shareholding of Baroda Industries 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 Baroda Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 1992 | 90166145 | Amrican Express Bank Limited | ₹2.7 Cr | Open | |
| 28 Jan 1971 | 90165640 | The Bank of Baroda Limited | ₹50 Lakh | Open | |
| 02 Jan 1970 | 90165636 | The Bank of Baroda Limited | ₹50 Lakh | Open | |
| 13 Mar 1969 | 90165630 | The Bank of Baroda | ₹50 Lakh | Open | |
| 16 Jan 1968 | 90165623 | The Bank of Baroda Limited | ₹35 Lakh | Open |
Total charge records: 18 View all charges
Legal cases
Baroda Industries Private Limited has 8 court cases on record: 2 filed by Baroda Industries, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 5 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company | Disposed |
| Madras High Court | Civil suit | Filed against the company | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Disposed |
| District court, Vadodara, Gujarat | Court case (RCA) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by individuals | Disposed |
To see the full case history of Baroda Industries 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 Baroda Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Baroda Industries Private Limited has a workforce of 4 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Baroda Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2428A1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Baroda Industries Private Limited, buy the company report.
Recent activity
Baroda Industries Private Limited has 4 board changes on record since 1986: 2 appointments and 2 cessations. The latest: Minal Niraj Bajaj ceased to be Whole-Time Director on 30 Apr 2019.
13 earlier events are in the company report.
Frequently asked questions
Baroda Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 14 February 1941 (85+ years old) and is registered under CIN U17100MH1941PTC007467.
Baroda Industries has 2 current directors:
- Minal Niraj Bajaj - Director
- Nirajkumar Ramkrishnaji Bajaj - Director
The latest financial statements of Baroda Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Baroda Industries is 27AAACB2428A1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Baroda Industries is U17100MH1941PTC007467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Baroda Industries has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the high courts.
Baroda Industries was incorporated on 14 February 1941, making it 85+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Baroda Industries by revenue are PNB Cards & Services Limited, Lacy Limited, Emgee Muthoot Nidhi Limited, Levin Fintech Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Minal Niraj Bajaj ceased to be Whole-Time Director on 30 Apr 2019. Ruparani Rahulkumar Bajaj ceased to be Director on 01 Dec 2008. Minal Niraj Bajaj was appointed as Director on 28 Nov 1992. Baroda Industries has 4 board changes on record in total.
The registered office of Baroda Industries is at Bajaj Bhavan 2nd Floor226 Nariman Point, Mumbai, Maharashtra, India – 400021.
Baroda Industries operates in the financial services industry, in the diversified financial services segment.
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