About Binbag Environmental Services Private Limited
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Binbag Environmental Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 08 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC072940. Its GSTIN is 29AACCF3389A1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Achitra Borgohain and Bhuchitra Borgohain.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.65 Cr, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹1.74 Cr (net margin -105.5%) and EBITDA of -₹98.05 Lakh (EBITDA margin -59.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 2% over five years.
The company is associated with 1 brand: Binbag.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website binbag.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressC703 Nitesh Caesars Palace Raghuvanahalli Near Vajrahalli Metro Station Kanakpura, Main Road, Bangalore, Karnataka, India – 560062
- IndustryEnvironment, Waste Management & Recycling Solutions
- 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
- One PDF report, delivered after checkout
Competitors & Alternatives of Binbag Environmental Services Private Limited
Brands and companies operating in the same space as Binbag Environmental Services Private Limited include ERI, Wisetek, Eco Recycling and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 ERI | E-waste recycling and asset disposition services are provided globally. | Fresno, United States | 2003 |
 Wisetek | E-waste recycling and remanufacturing services are provided worldwide. | Hyattsville, United States | 2007 |
 Eco Recycling | E-waste recycling and reverse logistics services are provided. | Mumbai, India | 1994 |
 Regenx | Precious metals are recovered from end-of-life materials via clean-tech solutions. | St. Albert, Canada | 1986 |
 PlanITROI | IT asset disposition and recycling services are offered to clients. | Denville, United States | 2001 |
 Momentum Technologies | Rare earth elements from e-waste are recovered through technology solutions. | Dallas, United States | 2016 |
 Namo eWaste Mangement | Electronic waste recycling services are provided comprehensively. | Faridabad, India | 2014 |
 Environcom | Recycling services for electrical and electronic equipment are offered. | Grantham, United Kingdom | 2003 |
 PROSHRED | Secure document shredding and recycling services are provided nationwide. | Charlotte, United States | 1986 |
Business Activity of Binbag Environmental Services Private Limited
The main business activity of Binbag Environmental Services is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Binbag Environmental Services Private Limited
Auditor information for Binbag Environmental Services Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Binbag Environmental Services Private Limited
Binbag Environmental Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Achitra Borgohain Also directs: Binbag Recycling Services Private Limited | Director | 08 Jan 2014 | 12 Years 8 Months | Current |
| Bhuchitra Borgohain Also directs: Binbag Recycling Services Private Limited | Director | 19 Oct 2019 | 6 Years 11 Months | Current |
Financials of Binbag Environmental Services Private Limited FY 2025 filings available
Binbag Environmental Services Private Limited reported revenue of ₹1.65 Cr (down 67% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Binbag Environmental Services Private Limited
Revenue fell 67% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 107% 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 Binbag Environmental Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹98.05 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.74 Cr | •••• | •••• | •••• | •••• |
| 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 of Binbag Environmental Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -59.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -105.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Binbag Environmental Services are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Binbag Environmental Services Private Limited
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 Binbag Environmental Services Private Limited
Binbag Environmental Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Binbag Environmental Services Private Limited
Employment history and EPFO contributions of people linked to Binbag Environmental Services.
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.
GST Compliance of Binbag Environmental Services Private Limited
Binbag Environmental Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF3389A1ZP | Karnataka | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Binbag Environmental Services Private Limited
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 Binbag Environmental Services Private Limited
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 Binbag Environmental Services Private Limited
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.
MCA Filings & Documents of Binbag Environmental Services Private Limited
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.
Recent Activity on Binbag Environmental Services Private Limited
Frequently Asked Questions about Binbag Environmental Services Private Limited
Binbag Environmental Services is an active private limited company based in Bangalore, Karnataka, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 08 January 2014 (12+ years old) and is registered under CIN U74900KA2014PTC072940.
Binbag Environmental Services reported revenue of ₹1.65 Cr for FY 2025 (down 67% YoY).
Binbag Environmental Services has 2 current directors:
- Achitra Borgohain - Director
- Bhuchitra Borgohain - Director
Binbag Environmental Services reported a net loss of ₹1.74 Cr (net margin -105.5%) and EBITDA of -₹98.05 Lakh (EBITDA margin -59.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Binbag Environmental Services is -21% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Binbag Environmental Services is 29AACCF3389A1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Binbag Environmental Services is U74900KA2014PTC072940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binbag Environmental Services was incorporated on 08 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, Binbag Environmental Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).