Basic Needs Homeware Private Limited
About Basic Needs Homeware Private Limited
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Basic Needs Homeware Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 27 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106740. Its GSTIN is 29AAHCB4628H1ZI (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹50,000. It is led by directors including Neela Edwards and Neil Joseph Maddela.
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 92/2 Pipeline West Kasthuribanagar, Bangalore, Karnataka, India – 560026.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.31 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹4.44 Lakh (net margin 0.7%) and EBITDA of ₹18.99 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹73.47 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Basic Needs Homeware Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address92/2 Pipeline West Kasthuribanagar, Bangalore, Karnataka, India – 560026
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution, Furniture Retail & Distribution
To see the full contact details of Basic Needs Homeware 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 Basic Needs Homeware is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Basic Needs Homeware Private Limited, buy the company report.
Financials of Basic Needs Homeware Private Limited
FY 2024 filings availableBasic Needs Homeware Private Limited reported revenue of ₹6.31 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA rose 52% 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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| EBITDA | ₹18.99 Lakh | ||||
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| Net Profit (PAT) | ₹4.44 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 3% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Basic Needs Homeware Private Limited, buy the company report.
Board of directors of Basic Needs Homeware Private Limited
Basic Needs Homeware has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neela Edwards Also directs: Tvara Automotive Innovations Private Limited | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
| Neil Joseph Maddela | Director | 27 Sep 2017 | 9 Years 1 Months | Current |
| Binoyjohn Raphael Maddla Also directs: Tvara Automotive Innovations Private Limited | Director | 27 Sep 2017 | 9 Years 1 Months | Current |
Auditor
Basic Needs Homeware Private Limited is audited by Sachin Jain &Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sachin Jain &Associates | FY 2024 | 0017360S |
Shareholding
The shareholding of Basic Needs Homeware Private 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 Basic Needs Homeware Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2024 | 100925042 | Hdfc Bank Limited | ₹8.47 Lakh | Open | |
| 05 Feb 2020 | 100326919 | State Bank of India | ₹65 Lakh | Open |
To see the full charge records of Basic Needs Homeware Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Basic Needs Homeware Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Basic Needs Homeware Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Basic Needs Homeware has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCB4628H1ZI | Karnataka | Active | 29 Jan 2018 |
To see the full GST registrations and return filing status of Basic Needs Homeware Private Limited, buy the company report.
Recent activity
Basic Needs Homeware Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Neela Edwards ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Basic Needs Homeware is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 27 September 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106740.
Basic Needs Homeware has 3 current directors:
- Neela Edwards - Director
- Neil Joseph Maddela - Director
- Binoyjohn Raphael Maddla - Director
The latest financial statements of Basic Needs Homeware 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 FY 2018 are in the company report.
The GSTIN of Basic Needs Homeware is 29AAHCB4628H1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Basic Needs Homeware is U74999KA2017PTC106740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basic Needs Homeware was incorporated on 27 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Neela Edwards ceased to be Additional Director on 30 Nov 2021. Neela Edwards was appointed as Director on 18 Nov 2021. Binoyjohn Raphael Maddla was appointed as Director on 27 Sep 2017. Basic Needs Homeware has 4 board changes on record in total.
The registered office of Basic Needs Homeware is at 922 Pipeline West Kasthuribanagar, Bangalore, Karnataka, India – 560026.
Basic Needs Homeware operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Basic Needs Homeware has open charges of ₹73.47 Lakh and no satisfied charges on record as per latest MCA filings.
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