About Bharat Global Developers Limited
Data last updated:
Bharat Global Developers Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 15 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L70100GJ1992PLC017815. Its GSTIN is 24AAACP9354K1Z5 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 521238.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹101.26 Cr. It is led by directors including Keyurkumar Pravinbhai Patel (Managing Director) and Dharmesh Solanki.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹26.11 Cr, a decline of 96.1% compared to the previous year. For the same year it recorded a net loss of ₹12 Lakh (net margin -0.5%) and EBITDA of -₹1.07 Cr (EBITDA margin -4.1%). The net worth stands at ₹190.26 Cr (up 0% YoY). Total assets are valued at ₹271.66 Cr (down 2.2% YoY).
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 23 deals on record (23 market trades); the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sequel-e-routers.com.
Company details
CIN history
Bharat Global Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70100GJ1992PLC017815, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70100GJ1992PLC017815 | Current |
| L45100GJ1992PLC017815 | Previous |
| L17110GJ1992PLC017815 | Previous |
Contact details
Bharat Global Developers Limited's registered office is in Ahmedabad, Gujarat. Its website is sequel-e-routers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6th Floor – 604 Shivalik Shilp Near Iscon Cross Road, Ambli – Bopal Road S.G. Highway, Ahmedabad, Gujarat, India – 380015
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Bharat Global Developers 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 Bharat Global Developers 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 Bharat Global Developers Limited, buy the company report.
Financials of Bharat Global Developers Limited
FY 2025-26 filings availableBharat Global Developers Limited reported revenue of ₹26.11 Cr (down 96.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 26.11 | 669 | 25.76 | 0.00 | 0.04 | 0.03 | 0.05 |
| Revenue growth | -96.1% | +2495.4% | - | -100.0% | +33.3% | -40.0% | - |
| EBITDA | (1.07) | 7.12 | 4.66 | (0.04) | 0.00 | 0.01 | 0.01 |
| EBITDA margin | -4.1% | +1.1% | +18.1% | - | 0.0% | +33.3% | +20.0% |
| Profit before tax | (0.10) | 21.59 | 4.68 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net profit | (0.12) | 16.03 | 3.34 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net profit margin | -0.5% | +2.4% | +13.0% | - | 0.0% | +33.3% | +20.0% |
| EPS (₹) | (0.01) | 1.58 | 0.34 | 0.04 | 0.03 | 0.12 | 0.05 |
| Balance sheet | |||||||
| Total assets | 272 | 278 | 105 | 4.54 | 4.53 | 4.53 | 4.54 |
| Net worth | 190 | 190 | 101 | 0.51 | 0.51 | 0.50 | 0.50 |
| Total debt | 81.41 | 87.57 | 3.71 | 4.03 | 4.03 | 4.03 | 4.04 |
| Cash & bank | 0.79 | 0.48 | 0.43 | (0.02) | 0.01 | 0.00 | 0.00 |
| Net working capital | 267 | 273 | 101 | 0.36 | (0.46) | (0.46) | (0.47) |
| Cash flow | |||||||
| Cash from operations | 5.90 | (156) | (96.40) | (0.02) | (0.04) | 0.01 | (0.01) |
| Cash from investing | 0.57 | (0.89) | (0.04) | 0.00 | 0.04 | 0.00 | 0.00 |
| Cash from financing | (6.16) | 157 | 96.88 | 0.00 | 0.00 | (0.01) | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 6.16 | 19.94 | 122 | 276 | 216 |
| Revenue growth (YoY) | -100.0% | -100.0% | -100.0% | -97.2% | -63.1% | - | - | - |
| Other income | 0.00 | 0.56 | 0.00 | 0.00 | 1.08 | 2.39 | 0.24 | 13.54 |
| Total expenses | 1.09 | 1.84 | 0.37 | 5.91 | 19.06 | 122 | 274 | 216 |
| EBITDA | (1.09) | (1.84) | (0.37) | 0.25 | 0.88 | 0.35 | 1.70 | 0.11 |
| EBITDA margin | - | - | - | +4.1% | +4.4% | +0.3% | +0.6% | +0.1% |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.07 | 0.08 | 0.07 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (1.12) | (1.30) | (0.39) | 0.23 | 1.89 | 2.66 | 1.87 | 13.64 |
| Tax | 0.00 | 0.00 | 0.00 | 0.07 | 0.47 | 0.66 | 0.48 | 3.53 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 6.16 | 19.94 | 122 | 276 | 216 |
| Revenue growth (YoY) | -100.0% | -100.0% | -100.0% | -97.2% | -63.1% | - | - | - |
| Other income | 0.00 | 0.56 | 0.00 | 0.00 | 1.08 | 2.39 | 0.24 | 13.54 |
| Total expenses | 1.09 | 1.84 | 0.37 | 5.91 | 19.06 | 122 | 274 | 216 |
| EBITDA | (1.09) | (1.84) | (0.37) | 0.25 | 0.88 | 0.35 | 1.70 | 0.11 |
| EBITDA margin | - | - | - | +4.1% | +4.4% | +0.3% | +0.6% | +0.1% |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.07 | 0.08 | 0.07 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (1.12) | (1.30) | (0.39) | 0.23 | 1.89 | 2.66 | 1.87 | 13.64 |
| Tax | 0.00 | 0.00 | 0.00 | 0.07 | 0.47 | 0.66 | 0.48 | 3.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 26.11 | 669 | 25.76 | 0.00 | 0.04 | 0.03 | 0.05 |
| Revenue growth | -96.1% | +2495.4% | - | -100.0% | +33.3% | -40.0% | - |
| Other income | 1.09 | 14.64 | 0.02 | 0.04 | 0.00 | 0.00 | 0.00 |
| Total expenses | 27.18 | 661 | 21.10 | 0.04 | 0.04 | 0.02 | 0.04 |
| Employee cost | 0.00 | 0.42 | 0.04 | 0.01 | 0.02 | 0.01 | 0.03 |
| EBITDA | (1.07) | 7.12 | 4.66 | (0.04) | 0.00 | 0.01 | 0.01 |
| EBITDA margin | -4.1% | +1.1% | +18.1% | - | 0.0% | +33.3% | +20.0% |
| Depreciation | 0.12 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.10) | 21.59 | 4.68 | 0.00 | 0.00 | 0.01 | 0.01 |
| Tax | 0.02 | 5.56 | 1.34 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.12) | 16.03 | 3.34 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net profit margin | -0.5% | +2.4% | +13.0% | - | 0.0% | +33.3% | +20.0% |
| EPS (₹) | (0.01) | 1.58 | 0.34 | 0.04 | 0.03 | 0.12 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 101 | 101 | 97.76 | 0.56 | 0.56 | 0.56 | 0.56 |
| Reserves & surplus | 89.00 | 89.08 | 3.28 | (0.05) | (0.05) | (0.06) | (0.06) |
| Shareholders' funds (net worth) | 190 | 190 | 101 | 0.51 | 0.51 | 0.50 | 0.50 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 81.41 | 87.57 | 3.71 | 4.03 | 4.03 | 4.03 | 4.04 |
| Total debt | 81.41 | 87.57 | 3.71 | 4.03 | 4.03 | 4.03 | 4.04 |
| Total liabilities | 272 | 278 | 105 | 4.54 | 4.53 | 4.53 | 4.54 |
| Assets | |||||||
| Gross block | 0.35 | 0.92 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.07 | 0.76 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 |
| Inventories | 12.88 | 12.87 | 135 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 346 | 351 | 24.77 | 0.07 | 0.07 | 0.07 | 0.13 |
| Cash & bank balances | 0.79 | 0.48 | 0.43 | (0.02) | 0.01 | 0.00 | 0.00 |
| Loans & advances | 128 | 143 | 0.87 | 0.84 | 0.00 | 0.00 | 0.00 |
| Total current assets | 488 | 507 | 161 | 0.89 | 0.08 | 0.07 | 0.13 |
| Total current liabilities | 220 | 234 | 60.73 | 0.53 | 0.54 | 0.53 | 0.60 |
| Net working capital | 267 | 273 | 101 | 0.36 | (0.46) | (0.46) | (0.47) |
| Total assets | 272 | 278 | 105 | 4.54 | 4.53 | 4.53 | 4.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.48 | 0.43 | (0.02) | 0.01 | 0.00 | 0.00 | 0.01 |
| Net cash from operating activities | 5.90 | (156) | (96.40) | (0.02) | (0.04) | 0.01 | (0.01) |
| Net cash from investing activities | 0.57 | (0.89) | (0.04) | 0.00 | 0.04 | 0.00 | 0.00 |
| Net cash from financing activities | (6.16) | 157 | 96.88 | 0.00 | 0.00 | (0.01) | 0.00 |
| Net change in cash | 0.31 | 0.05 | 0.44 | (0.02) | 0.00 | 0.00 | (0.01) |
| Closing cash | 0.79 | 0.48 | 0.43 | (0.02) | 0.01 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -96.1% | +2495.4% | - | -100.0% | +33.3% | -40.0% | - |
| EBITDA growth | -115.0% | +52.8% | - | - | -100.0% | 0.0% | - |
| PBT growth | - | +361.3% | +9997.0% | +9997.0% | +9997.0% | 0.0% | -50.0% |
| Net income growth | -100.8% | +379.9% | - | - | -100.0% | 0.0% | - |
| Revenue CAGR (3Y) | - | +2456.8% | +850.5% | -100.0% | -23.7% | -40.2% | -57.5% |
| EBITDA CAGR (3Y) | +199.1% | - | +675.3% | - | -100.0% | 0.0% | -20.6% |
| Profitability & leverage | |||||||
| Net income margin | -0.5% | +2.4% | +13.0% | - | 0.0% | +33.3% | +20.0% |
| Return on capital employed | - | +11.3% | +8.6% | 0.0% | 0.0% | +0.2% | 0.0% |
| Return on net worth | - | +11.0% | +6.6% | 0.0% | 0.0% | +1.9% | 0.0% |
| Debt / equity | - | 0.31 | 0.08 | 7.90 | 7.98 | 8.07 | 8.08 |
| Long-term debt / equity | - | 0.00 | 0.04 | 3.95 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.14 | 0.00 | 0.00 | - | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1,392.88 | 1,288.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | 9.03 | 0.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 3.56 | 2.07 | 0.00 | 0.57 | 0.30 | 0.50 |
| EPS (₹) | (0.01) | 1.58 | 0.34 | 0.04 | 0.03 | 0.12 | 0.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 18.80 | 10.34 | 9.14 | 9.04 | 9.00 | 8.92 |
To see the full year-wise statements and ratios of Bharat Global Developers Limited, buy the company report.
Board of directors of Bharat Global Developers Limited
Bharat Global Developers has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Chavda | Additional Director | 20 Nov 2025 | 0 Years 11 Months | Current |
| Dharmesh Solanki | Director | 29 Aug 2025 | 1 Years 2 Months | Current |
| Niyati Vaishnav Ambani Also directs: T3consultant & Advisors Private Limited | Director | 03 Apr 2025 | 1 Years 7 Months | Current |
| Simoli Kalpesh Raval Also directs: Vandan Foods Limited, Starlite Components Limited, Shyamkamal Investments Limited and 3 more | Director | 18 Feb 2025 | 1 Years 8 Months | Current |
| Sanjay Bhupatbhai Valgotar | Director | 18 Feb 2025 | 1 Years 8 Months | Current |
| Keyurkumar Pravinbhai Patel Also directs: Seedwave Agro Impex Private Limited | Managing Director | 29 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Bharat Global Developers Limited is audited by K M Chauhan & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M Chauhan & Associates | FY 2024 | 125924W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% |
Deals & funding
Bharat Global Developers Limited has 23 deals on record (23 market trades); the latest was in March 2019.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Market trade | ₹1.4 Lakh | Buyer: Virtue Ceramics Private Limited , an individual Seller: an individual |
| Jan 2019 | Market trade | ₹50,000 | Buyer: Nishil Financial Advisors LLP |
| Sep 2018 | Market trade | ₹1.6 Lakh | Buyer: 2 individuals Seller: an individual |
| Apr 2017 | Market trade | ₹3 Lakh | Buyer: an individual Seller: an individual |
| Apr 2017 | Market trade | ₹2.9 Lakh | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Bharat Global Developers 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
Bharat Global Developers Limited has 3 court cases on record: 2 filed by Bharat Global Developers, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Union of India | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Disposed |
To see the full case history of Bharat Global Developers 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 Bharat Global Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bharat Global Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACP9354K1Z5 | Gujarat | Active | 22 Sep 2023 |
To see the full GST registrations and return filing status of Bharat Global Developers Limited, buy the company report.
Recent activity
Bharat Global Developers Limited has 52 board changes on record since 2005: 29 appointments and 23 cessations. The latest: Ketan Chavda was appointed as Additional Director on 20 Nov 2025.
43 earlier events are in the company report.
News
Frequently asked questions
Bharat Global Developers is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 15 June 1992 (34+ years old) and is registered under CIN L70100GJ1992PLC017815. Listed on BSE: 521238.
Bharat Global Developers reported revenue of ₹26.11 Cr for FY 2025-26 (down 96.1% YoY) based on standalone financials.
Bharat Global Developers has 6 current directors:
- Keyurkumar Pravinbhai Patel - Managing Director
- Ketan Chavda - Additional Director
- Dharmesh Solanki - Director
- Niyati Vaishnav Ambani - Director
- Simoli Kalpesh Raval - Director
- Sanjay Bhupatbhai Valgotar - Director
The latest financial statements of Bharat Global Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bharat Global Developers is 24AAACP9354K1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Bharat Global Developers is L70100GJ1992PLC017815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bharat Global Developers is a listed company as per MCA records. Its shares are listed on BSE (code: 521238).
Bharat Global Developers has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Bharat Global Developers was incorporated on 15 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bharat Global Developers has 23 deals on record (23 market trades); the latest was in March 2019.
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