About Basuti Sales and Trading Private Limited
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Basuti Sales and Trading Private Limited is a private limited company based in Palghar, Maharashtra, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 23 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2016PTC274827. Its GSTIN is 27AAGCB6635D1ZS (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chetan Kamlakar Adurkar and Pradeep Madhukar More.
Its last annual general meeting (AGM) was held on 22 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Palghar, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹53.32 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹50.3 Cr (net margin -94.3%) and EBITDA of ₹52.89 Cr (EBITDA margin 99.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
As per MCA filings, the company has open charges of ₹500 Cr and satisfied charges of ₹500 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 6 deals on record (6 secondary share transfers); the latest was in March 2021. Its 4 peer companies in the Machinery and Equipment industry (Machinery and Equipment Leasing, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Santint India Technology Private Limited with revenue of ₹53.83 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website futuregroup.in.
Company details
Contact details
Basuti Sales and Trading Private Limited's registered office is in Palghar, Maharashtra. Its website is futuregroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 56 01st Floor, Krisha Arcade Building No. 11. Yashwant Shrusti Khaira Boisar, Palghar, Maharashtra, India – 401501
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Basuti Sales and Trading 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 Basuti Sales and Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Basuti Sales and Trading Private Limited, buy the company report.
Financials of Basuti Sales and Trading Private Limited
FY 2021 filings availableBasuti Sales and Trading Private Limited reported revenue of ₹53.32 Cr (down 74% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 74% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹53.32 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50.3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.2% | ||||
| Net Profit Margin | -94.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Basuti Sales and Trading Private Limited, buy the company report.
Board of directors of Basuti Sales and Trading Private Limited
Basuti Sales and Trading has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Kamlakar Adurkar Also directs: Nice Texcot Trading & Agency Private Limited, NNGD Leasing and Trading Private Limited, Kyal Trading Private Limited and 5 more | Additional Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Pradeep Madhukar More Also directs: Nice Texcot Trading & Agency Private Limited, NNGD Leasing and Trading Private Limited, Kyal Trading Private Limited and 5 more | Additional Director | 20 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Basuti Sales and Trading Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Leasing, Machinery and 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 |
|---|---|---|---|---|---|---|
| Santint India Technology Private Limited | ₹53.83 Cr (FY 2024) | 26.0% | Bhiwandi, Maharashtra, India | |||
| Greenergy Solution Private Limited | ₹53.36 Cr (FY 2025) | -6.0% | Siliguri, West Bengal, India | |||
| Basuti Sales and Trading Private Limitedthis company | ₹53.32 Cr (FY 2021) | -₹50.3 Cr | -94.3% | -74.0% | Palghar, Maharashtra, India | |
| Taiyuan Heavy Industry (India) Private Limited | ₹52.99 Cr (FY 2025) | 363.0% | Delhi, India | |||
| Infinite Forgetech Private Limited | ₹52.71 Cr (FY 2025) | 72.0% | Gurugram, Haryana, India |
To see the full peer comparison of Basuti Sales and Trading Private Limited, buy the company report.
Auditor
Basuti Sales and Trading Private Limited is audited by N.H. Vyas & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.H. Vyas & Co. | FY 2021 | 132204W |
Shareholding
The shareholding of Basuti Sales and Trading Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Basuti Sales and Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2016 | 100087861 | Idbi Trusteeship Services Limited | ₹500 Cr | Open | |
| 24 Oct 2016 | 100067778 | Idbi Trusteeship Services Limited | ₹500 Cr | Satisfied |
To see the full charge records of Basuti Sales and Trading Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Basuti Sales and Trading Private Limited has 6 deals on record (6 secondary share transfers); the latest was in March 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Futurebazaar India Limited Seller: Allfab Syntects & Commission Agency Private Limited , Nice Texcot Trading & Agency Private Limited , 2 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Allfab Syntects & Commission Agency Private Limited Seller: Future Corporate Resources Limited |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Nice Texcot Trading & Agency Private Limited Seller: Planet Trader Ltd |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Planet Trader Ltd Seller: Pil Industries Limited |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Pil Industries Limited , an individual Seller: an individual |
To see the full deal history of Basuti Sales and Trading Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Basuti Sales and Trading Private Limited has 4 court cases on record: 2 filed by Basuti Sales and Trading, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by Yes Bank Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by J C Flowers Asset Reconstruction Private Limited | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax Circle 15( and 4 others | Disposed |
To see the full case history of Basuti Sales and Trading 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.
Credit ratings & regulatory alerts
Basuti Sales and Trading Private Limited was last rated by Brickwork on 09 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Sep 2021 |
To see the full credit ratings and regulatory alerts of Basuti Sales and Trading Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Basuti Sales and Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Basuti Sales and Trading has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB6635D1ZS | Maharashtra | Active | 20 Sep 2017 |
| 19AAGCB6635D1ZP | West Bengal | Active | 20 Mar 2019 |
| 29AAGCB6635D1ZO | Karnataka | Active | 29 Mar 2019 |
| 09AAGCB6635D1ZQ | Uttar Pradesh | Active | 30 Mar 2019 |
To see the full GST registrations and return filing status of Basuti Sales and Trading Private Limited, buy the company report.
Recent activity
Basuti Sales and Trading Private Limited has 12 board changes on record since 2016: 2 appointments and 10 cessations. The latest: Vinod Moreshwar Patil ceased to be Additional Director on 19 Nov 2022.
6 earlier events are in the company report.
Frequently asked questions
Basuti Sales and Trading is an active private limited company based in Palghar, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 23 March 2016 (10+ years old) and is registered under CIN U51101MH2016PTC274827.
Basuti Sales and Trading has 2 current directors:
- Chetan Kamlakar Adurkar - Additional Director
- Pradeep Madhukar More - Additional Director
The latest financial statements of Basuti Sales and Trading on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 22 November 2021. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Basuti Sales and Trading is 27AAGCB6635D1ZS, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAGCB6635D1ZP (West Bengal), 29AAGCB6635D1ZO (Karnataka), 09AAGCB6635D1ZQ (Uttar Pradesh).
The CIN (Corporate Identification Number) of Basuti Sales and Trading is U51101MH2016PTC274827. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basuti Sales and Trading has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Basuti Sales and Trading was incorporated on 23 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Basuti Sales and Trading has 6 deals on record (6 secondary share transfers); the latest was in March 2021.
The peers of Basuti Sales and Trading by revenue are Santint India Technology Private Limited, Greenergy Solution Private Limited, Taiyuan Heavy Industry (India) Private Limited, Infinite Forgetech Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Leasing, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Vinod Moreshwar Patil ceased to be Additional Director on 19 Nov 2022. Amit Chandrakant Kadam ceased to be Director on 15 May 2022. Chetan Kamlakar Adurkar was appointed as Additional Director on 20 Apr 2022. Basuti Sales and Trading has 12 board changes on record in total.
Basuti Sales and Trading can be reached through the website futuregroup.in. Its registered office is in Palghar, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
