MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-17-0005088
Billion Flex (India) Private Limited - manufacturing in Halol, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.04 Cr
▼ 37% YoY
Net loss · FY 2024
₹23.16 Lakh
Net margin -22.3%
EBITDA · FY 2024
-₹18.62 Lakh
EBITDA margin -18%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹3.29 Cr
Secured borrowings
Company age
41 yrs
Est. 1985
Employees · EPFO
11
Provident fund records
About Billion Flex (India) Private Limited
Data last updated:
Billion Flex (India) Private Limited is a private limited company based in Halol, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 24 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1985PTC008123. Its GSTIN is 24AAACB7642N1ZI (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Keshav Chandiram Shahani (Whole-Time Director) and Kanaiya Chandiram Shahani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 54/1B & 54/1C Yashkamal Industrial Est Baska – Tajpura Road Near Village Panelav, Halol, Gujarat, India – 389350.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.04 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹23.16 Lakh (net margin -22.3%) and EBITDA of -₹18.62 Lakh (EBITDA margin -18%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.29 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it.
Billion Flex (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-17-0005088). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website billionflex.com.
Company details
CIN U25209GJ1985PTC008123
Registration Number 008123
Incorporation Date 24 September 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-17-0005088
Key People
Keshav Chandiram Shahani Whole-Time Director Kanaiya Chandiram Shahani Whole-Time Director Aseem Kanaiya Shahani Whole-Time Director Recognitions & Rankings of Billion Flex (India)
Contact details
Billion Flex (India) Private Limited's registered office is in Halol, Gujarat. Its website is billionflex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 54/1B & 54/1C Yashkamal Industrial Est Baska – Tajpura Road Near Village Panelav, Halol, Gujarat, India – 389350
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Billion Flex (India) Private Limited, buy the company report.
Comprehensive company report
Billion Flex (India) Private 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
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Business activity
The main business activity of Billion Flex (India) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Billion Flex (India) Private Limited, buy the company report.
Financials of Billion Flex (India) Private Limited
FY 2025 filings availableBillion Flex (India) Private Limited reported revenue of ₹1.04 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹1.04 Cr ▼ 37%
Net loss · FY 2024
₹23.16 Lakh margin -22.3%
EBITDA · FY 2024
-₹18.62 Lakh margin -18%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 17%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 314%
3 years · compounded
▼ 92%
5 years · compounded
▼ 78%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 37% fall in the latest year. EBITDA fell 314% 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 | -₹18.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹23.16 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18% | ||||
| Net Profit Margin | -22.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Billion Flex (India) Private Limited, buy the company report.
Board of directors of Billion Flex (India) Private Limited
Billion Flex (India) has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritaben Kanaiyabhai Shahani | Director | 02 Apr 2015 | 11 Years 6 Months | Current |
| Keshav Chandiram Shahani | Whole-Time Director | 27 Oct 1985 | 40 Years 11 Months | Current |
| Kanaiya Chandiram Shahani | Whole-Time Director | 27 Oct 1985 | 40 Years 11 Months | Current |
| Aseem Kanaiya Shahani | Whole-Time Director | 01 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Billion Flex (India) Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Varni Plastic Private Limited | ₹1.05 Cr (FY 2025) | -51.0% | Morbi, Gujarat, India | |||
| Koreslite Industries Private Limited | ₹1.05 Cr (FY 2024) | -41.0% | Baghpat, Uttar Pradesh, India | |||
| Trimurti Autoplast Private Limited | ₹1.04 Cr (FY 2016) | -52.0% | New Delhi, Delhi, India | |||
| Billion Flex (India) Private Limitedthis company | ₹1.04 Cr (FY 2024) | -₹23.16 Lakh | -22.3% | -37.0% | 11 | Halol, Gujarat, India |
| Ashtavinayaka Eco-Extrusions Private Limited | ₹1.04 Cr (FY 2025) | -17.0% | Kagal, Maharashtra, India | |||
| PTX Waterworks Private Limited | ₹1.03 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Tomar Colours Private Limited | ₹1.03 Cr (FY 2025) | 749.0% | Bhind, Madhya Pradesh, India |
To see the full peer comparison of Billion Flex (India) Private Limited, buy the company report.
Auditor
Billion Flex (India) Private Limited is audited by NEHA UPADHYAY & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NEHA UPADHYAY & CO. | FY 2023 | 152217W |
Shareholding
The shareholding of Billion Flex (India) Private 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 Billion Flex (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.29 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2020 | 100347308 | State Bank of India | ₹60.8 Lakh | Open | |
| 27 Jun 2002 | 90102837 | State Bank of India | ₹1 Cr | Open | |
| 27 Jun 2002 | 90103768 | State Bank of India | ₹50 Lakh | Open | |
| 14 Oct 1997 | 90103102 | Gujarat State Financial Corpopration | ₹9.5 Lakh | Open | |
| 21 Mar 1995 | 90103444 | Corporation Bank | ₹5.6 Lakh | Open |
To see the full charge records of Billion Flex (India) Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Billion Flex (India) Private Limited has 6 court cases on record: 1 filed by Billion Flex (India), 5 filed against it. All cases are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed against the company by Vikram Cement, Unit of Grasim Industries Ltd. | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India THR' Ministry of Finance and 3 others | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Billion Flex (India) 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.
MSME payment delays
Billion Flex (India) Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 32 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Samtone Industries | |||
| an individual supplier | |||
| Mamata Machinery Limited | |||
| Sheth Packaging Solutions | |||
| Plasto Flexi Pack |
To see the full MSME payment records of Billion Flex (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Billion Flex (India) Private Limited has a workforce of 11 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-8.33%
GST
Billion Flex (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACB7642N1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Billion Flex (India) Private Limited, buy the company report.
Recent activity
Billion Flex (India) Private Limited has 7 board changes on record since 1985: 4 appointments and 3 cessations. The latest: Ritaben Kanaiyabhai Shahani ceased to be Additional Director on 01 Dec 2015.
AGM
Billion Flex (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Billion Flex (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 60.80 Lakh with Charge ID 100347308 was registered on 26 Jun 2020.
Charges
A charge with State Bank Of India of Rs. 60.80 Lakh registered on 11 May 1987 with Charge ID 90103610 was modified on 24 Jun 2020.
Ceased
Ritaben Kanaiyabhai Shahani ceased to be Additional Director.
Appointed
Ritaben Kanaiyabhai Shahani was appointed as Director.
Ceased
Aseem Kanaiya Shahani ceased to be Additional Director.
Appointed
Aseem Kanaiya Shahani was appointed as Whole-Time Director.
Ceased
Kishanbhai Chandiram Shahani ceased to be Whole-Time Director.
Charges
A charge with State Bank Of India amounted to Rs. 100.00 Lakh with Charge ID 90102837 was registered on 27 Jun 2002.
Charges
A charge with State Bank Of India amounted to Rs. 50.00 Lakh with Charge ID 90103768 was registered on 27 Jun 2002.
Charges
A charge with Gujarat State Financial Corpopration amounted to Rs. 9.50 Lakh with Charge ID 90103102 was registered on 14 Oct 1997.
8 earlier events are in the company report.
Frequently asked questions
Billion Flex (India) is an active private limited company based in Halol, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 24 September 1985 (41+ years old) and is registered under CIN U25209GJ1985PTC008123.
Billion Flex (India) has 4 current directors:
- Keshav Chandiram Shahani - Whole-Time Director
- Kanaiya Chandiram Shahani - Whole-Time Director
- Aseem Kanaiya Shahani - Whole-Time Director
- Ritaben Kanaiyabhai Shahani - Director
The latest financial statements of Billion Flex (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Billion Flex (India) is 24AAACB7642N1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Billion Flex (India) is U25209GJ1985PTC008123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Billion Flex (India) has 6 court cases on record: 1 filed by the company and 5 filed against it. Most are in the district courts.
Billion Flex (India) was incorporated on 24 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Billion Flex (India) by revenue are Varni Plastic Private Limited, Koreslite Industries Private Limited, Trimurti Autoplast Private Limited, Ashtavinayaka Eco-Extrusions Private Limited, PTX Waterworks Private Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ritaben Kanaiyabhai Shahani ceased to be Additional Director on 01 Dec 2015. Ritaben Kanaiyabhai Shahani was appointed as Director on 02 Apr 2015. Aseem Kanaiya Shahani ceased to be Additional Director on 20 Sep 2013. Billion Flex (India) has 7 board changes on record in total.
Yes, Billion Flex (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-17-0005088).
Billion Flex (India) has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 32 overdue payments to 17 micro and small suppliers. The latest return was filed on 03 Dec 2019.
Billion Flex (India) can be reached through the website billionflex.com. Its registered office is in Halol, Gujarat, India.