About Basik Innovation LLP
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Basik Innovation LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 26 July 2016 and has been in existence for over 10 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAH-0191. Its GSTIN is 26AAQFB6510N1Z3 (Dadra and Nagar Haveli and Daman and Diu). The LLP holds 4 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹2.51 Cr. It is led by designated partners Viral Indermal Jain and Vidhi Indermal Jain.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 2nd Floor Gala No 7 Vakil Industrial Estate Walbhat Road Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2021, the LLP reported a revenue of ₹13.81 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹8.9 Lakh (net margin 0.6%) and EBITDA of ₹92.68 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The LLP has about 65 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹36.17 Cr and satisfied charges of ₹16.13 Cr on record. Court records list 6 cases involving the LLP, including 1 filed by the LLP and 5 filed against it; 1 case is pending.
For more details, the LLP can be reached via its website basik.in.
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- Registered Address2nd Floor Gala No 7 Vakil Industrial Estate Walbhat Road Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
- 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
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Financials of Basik Innovation LLP FY 2025 filings available
Basik Innovation LLP reported revenue of ₹13.81 Cr (down 6% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Basik Innovation LLP
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 80%. EBITDA rose 11% 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 Basik Innovation LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | ₹13.81 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹8.9 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Basik Innovation LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Basik Innovation are in the company report.
Financial statements from FY 2017
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.
Designated Partners of Basik Innovation LLP
Basik Innovation has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viral Indermal Jain Also directs: Basik Homeware Private Limited | Designated Partner | 26 Jul 2016 | 10 Years 2 Months | Current |
| Vidhi Indermal Jain Also directs: Basik Homeware Private Limited | Designated Partner | 26 Jul 2016 | 10 Years 2 Months | Current |
Ownership and Shareholding of Basik Innovation LLP
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 Basik Innovation LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2024 | Csb Bank Limited | ₹16 Cr | Open |
| 31 Oct 2024 | Csb Bank Limited | ₹16 Cr | Open |
| 17 Oct 2024 | Sidbi | ₹1 Cr | Open |
| 29 Apr 2023 | Bank of Baroda | ₹17.28 Lakh | Open |
| 27 Sep 2022 | Sidbi | ₹3 Cr | Open |
Total charge records: 8 View all charges
Legal Cases of Basik Innovation LLP
Basik Innovation LLP has 6 court cases on record: 1 filed by Basik Innovation, 5 filed against it. 1 case is pending and 5 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Civil miscellaneous application | Filed against the company by K.P. Packaging Limited | Disposed |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Civil miscellaneous application | Filed by the company against K.P. Packaging Limited | Disposed |
| District court, Hisar, Haryana | Cheque dishonour complaint | Filed against the company by Hisar Metals Industries Ltd | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed against the company by S.S.Shah, Government Labour Officer and Minimum Wages Inspector, Vapi | Disposed |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Motor accident claim | Filed against the company by an individual | Disposed |
Full case history
All 6 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 Basik Innovation LLP
Basik Innovation LLP has a workforce of 65 employees as of Apr 01, 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 Basik Innovation LLP
Basik Innovation LLP has 2 designated partner changes on record since 2016: 2 appointments. The latest: Vidhi Indermal Jain was appointed as Designated Partner on 26 Jul 2016.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Basik Innovation LLP
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 Basik Innovation LLP
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 Basik Innovation LLP
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 Basik Innovation LLP
Basik Innovation has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAQFB6510N1Z3 | Dadra and Nagar Haveli and Daman and Diu | Active | 29 Oct 2017 |
| 27AAQFB6510N1Z1 | Maharashtra | Active | 15 Jun 2018 |
| 24AAQFB6510N1Z7 | Gujarat | Active | 02 Dec 2019 |
| 24AAQFB6510N2Z6 | Gujarat | Active | 04 Jan 2023 |
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 Basik Innovation LLP
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.
Frequently Asked Questions about Basik Innovation LLP
Basik Innovation is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 26 July 2016 (10+ years old) and is registered under LLPIN AAH-0191.
Basik Innovation reported revenue of ₹13.81 Cr for FY 2021 (down 6% YoY).
Basik Innovation has 2 current designated partners:
- Viral Indermal Jain - Designated Partner
- Vidhi Indermal Jain - Designated Partner
Basik Innovation reported a net profit of ₹8.9 Lakh (net margin 0.6%) and EBITDA of ₹92.68 Lakh (EBITDA margin 6.7%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Basik Innovation is 80% over three years. In the latest year (FY 2021) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Basik Innovation is 26AAQFB6510N1Z3, registered in Dadra and Nagar Haveli and Daman and Diu. The LLP has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAQFB6510N1Z1 (Maharashtra), 24AAQFB6510N1Z7 (Gujarat), 24AAQFB6510N2Z6 (Gujarat).
The LLPIN (Limited Liability Partnership Identification Number) of Basik Innovation is AAH-0191. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Basik Innovation has 6 court cases on record: 1 filed by the LLP and 5 filed against it. 1 is pending.
Basik Innovation was incorporated on 26 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Vidhi Indermal Jain was appointed as Designated Partner on 26 Jul 2016. Viral Indermal Jain was appointed as Designated Partner on 26 Jul 2016.