MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0102359
Bharat Udyog Limited
Bharat Udyog Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹23.11 Cr
▲ 40% YoY
Net profit · FY 2024
₹24.61 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹75.83 Lakh
EBITDA margin 3.3%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹15.99 Cr
Issued & subscribed
Open charges
₹167.98 Cr
Satisfied ₹19.87 Cr
Company age
33 yrs
Est. 1993
Directors on board
3
As per MCA filings
About Bharat Udyog Limited
Data last updated:
Bharat Udyog Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 August 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1993PLC073564. Its GSTIN is 27AAACB1686L1ZG (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.99 Cr. It was formerly known as Bharat Monetary Services Private Limited and Bharat Monetory Services Limited. It is led by directors including Mr Suryakant Kukreja and Mir Sahanawaj Ali.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.11 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹24.61 Lakh (net margin 1.1%) and EBITDA of ₹75.83 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Bharat Udyog. As per MCA filings, the company has open charges of ₹167.98 Cr and satisfied charges of ₹19.87 Cr on record. Court records list 118 cases involving the company, including 50 filed by the company and 68 filed against it; 34 cases are pending.
Bharat Udyog Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0102359). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U99999MH1993PLC073564
Registration Number 073564
Incorporation Date 20 August 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0102359
Name history
Bharat Udyog has undergone 2 name changes throughout its history. The company was previously known as Bharat Monetary Services Private Limited, and Bharat Monetory Services Limited. The current legal name is Bharat Udyog Limited.
| Company Name | Status |
|---|---|
| Bharat Udyog Limited | Current |
| Bharat Monetary Services Private Limited | Previous |
| Bharat Monetory Services Limited | Previous |
Recognitions & Rankings of Bharat Udyog
Contact details
Bharat Udyog Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVasvani Chembers 1st Floor 264 – 265 Dr. Annie Besant Road, Municipal Colony Worli Shivaji Nagar Worli, Mumbai, Maharashtra, India – 400030
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Bharat Udyog Limited, buy the company report.
Comprehensive company report
Bharat Udyog Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Bharat Udyog operates one associated brand: Bharat Udyog. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a digital platform for instant personal loan applications and approvals. | bulindia.in |
Business activity
The main business activity of Bharat Udyog is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Bharat Udyog Limited, buy the company report.
Financials of Bharat Udyog Limited
FY 2024 filings availableBharat Udyog Limited reported revenue of ₹23.11 Cr (up 40% YoY) for FY 2024.
Revenue · FY 2024
₹23.11 Cr ▲ 40%
Net profit · FY 2024
₹24.61 Lakh margin 1.1%
EBITDA · FY 2024
₹75.83 Lakh margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 24% over three years, including 40% growth in the latest year. EBITDA rose 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.61 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Bharat Udyog Limited, buy the company report.
Board of directors of Bharat Udyog Limited
Bharat Udyog has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mr Suryakant Kukreja | Director | 10 Jan 2025 | 1 Years 9 Months | Current |
| Mir Sahanawaj Ali Also directs: Solid Petrochem Private Limited CN, Swaraj Infrastructure Private Limited, Jaihind Finance (India) Limited and 1 more | Director | 06 Apr 2015 | 11 Years 7 Months | Current |
| Mohit Mangal Gaikwad Also directs: Jaihind Finance (India) Limited, Finvx Associates Private Limited | Director | 10 Jan 2025 | 1 Years 9 Months | Current |
Shareholding
The shareholding of Bharat Udyog 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 Bharat Udyog Limited, buy the company report.
Charges & borrowings
Open charges
₹167.98 Cr
Satisfied charges
₹19.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2015 | 100016502 | Others | ₹27.26 Cr | Open | |
| 29 Feb 2012 | 10350039 | Bajaj Finance Limited | ₹1.52 Cr | Open | |
| 15 Feb 2012 | 10340961 | Srei Equipment Finance Private Limited | ₹3 Cr | Open | |
| 30 Nov 2011 | 10320347 | Intec Capital Limited | ₹3.25 Cr | Open | |
| 18 Jun 2011 | 10294618 | Bajaj Finance Limited | ₹3.38 Lakh | Open |
To see the full charge records of Bharat Udyog Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Bharat Udyog Limited has 118 court cases on record: 50 filed by Bharat Udyog, 68 filed against it. 34 cases are pending and 84 are disposed.
Total cases
118
Filed by the company
50
Filed against the company
68
Pending
34
Disposed
84
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 70 | 58 | 28 |
| High courts | 37 | 5 | 6 |
| Supreme Court | 10 | 4 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 118)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Swaraj Infrastructure Private Limited Through Its Director Registered Office at Office No. 405, 4Th Floor, V-Times Square, Sector 15, CBD Belapur, ,Navi Mumbai , Maharashtra and 1 other | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Waluj (Midc) STP Company Pvt. Ltd. Through Authorized Representative Office No. 1008, 10Th Floor, Plot No. 03, Time Square, Sector-15, CBD Belapur, Navi Mumbai 400614 , , Maharashtra and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Intec Capital Limited | Disposed |
To see the full case history of Bharat Udyog 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 Udyog Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bharat Udyog has 1 subsidiary company and 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
4
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Swaraj Infrastructure Private Limited | U45201MH2006PTC164506 |
To see the full group structure of Bharat Udyog Limited, buy the company report.
GST
Bharat Udyog has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB1686L1ZG | Maharashtra | Active | 01 Jul 2017 |
| 23AAACB1686L2ZN | Madhya Pradesh | Active | 16 Jun 2022 |
To see the full GST registrations and return filing status of Bharat Udyog Limited, buy the company report.
Recent activity
Bharat Udyog Limited has 13 board changes on record since 2012: 3 appointments and 10 cessations. The latest: Harumal Rajaram Kukreja ceased to be Director on 10 Jan 2025.
AGM
Bharat Udyog Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Harumal Rajaram Kukreja ceased to be Director.
Appointed
Mohit Mangal Gaikwad was appointed as Director.
Appointed
Mr Suryakant Kukreja was appointed as Director.
Filing
Bharat Udyog Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ayush Aghi ceased to be CFO.
Ceased
Shalu Aghi ceased to be Additional Director.
Ceased
Sujeet Kumar Dinanath Rai ceased to be Director.
Charges
A charge with Others amounted to Rs. 27.26 Cr with Charge ID 100016502 was registered on 27 Jul 2015.
Ceased
Asha Srichand Kukreja ceased to be Director.
Ceased
Jai Kishan Gumansingh Boolchandani ceased to be Director.
Appointed
Mir Sahanawaj Ali was appointed as Director.
46 earlier events are in the company report.
Frequently asked questions
Bharat Udyog is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 20 August 1993 (33+ years old) and is registered under CIN U99999MH1993PLC073564.
Bharat Udyog has 3 current directors:
- Mr Suryakant Kukreja - Director
- Mir Sahanawaj Ali - Director
- Mohit Mangal Gaikwad - Director
The latest financial statements of Bharat Udyog on record with the MCA are for the year ended 31 March 2024. 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 Udyog is 27AAACB1686L1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 23AAACB1686L2ZN (Madhya Pradesh).
The CIN (Corporate Identification Number) of Bharat Udyog is U99999MH1993PLC073564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bharat Udyog has 118 court cases on record: 50 filed by the company and 68 filed against it. 34 are pending. Most are in the district courts.
Bharat Udyog was incorporated on 20 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Harumal Rajaram Kukreja ceased to be Director on 10 Jan 2025. Mohit Mangal Gaikwad was appointed as Director on 10 Jan 2025. Mr Suryakant Kukreja was appointed as Director on 10 Jan 2025. Bharat Udyog has 13 board changes on record in total.
Yes, Bharat Udyog is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0102359).
The registered office of Bharat Udyog is at Vasvani Chembers 1st Floor 264 – 265 Dr. Annie Besant Road, Municipal Colony Worli Shivaji Nagar Worli, Mumbai, Maharashtra, India – 400030.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages