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Binbag Recycling Services Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.65 Cr
▼ 67% YoY
Net loss · FY 2025
₹1.2 Cr
Net margin -72.4%
EBITDA · FY 2025
-₹91.18 Lakh
EBITDA margin -55.2%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
3
GST registered
About Binbag Recycling Services Private Limited
Data last updated:
Binbag Recycling Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Binbag Environmental Services Private Limited and 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 22 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U37200KA2018PTC118722. Its GSTIN is 29AAICB1290Q1Z2 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 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 ₹1.2 Cr (net margin -72.4%) and EBITDA of -₹91.18 Lakh (EBITDA margin -55.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 6% over five years.
The company is associated with 1 brand: Binbag. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Binbag Recycling Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-01-0004759). For more details, the company can be reached via its website binbag.in.
Company details
CIN U37200KA2018PTC118722
Registration Number 118722
Incorporation Date 22 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Binbag Environmental Services Private Limited
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-AP-01-0004759
Recognitions & Rankings of Binbag Recycling Services
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-AP-01-0004759
Contact details
Binbag Recycling Services Private Limited's registered office is in Bangalore, Karnataka. Its website is binbag.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC 703 Nitesh Caesars Palace Raghuvanahalli Near Vajrahalli Metro Station Kanakpura, Main Road, Bangalore, Karnataka, India – 560062
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Binbag Recycling Services Private Limited, buy the company report.
Comprehensive company report
Binbag Recycling Services 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 Binbag Recycling Services is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Binbag Recycling Services Private Limited, buy the company report.
Financials of Binbag Recycling Services Private Limited
FY 2025 filings availableBinbag Recycling Services Private Limited reported revenue of ₹1.65 Cr (down 67% YoY) for FY 2025.
Revenue · FY 2025
₹1.65 Cr ▼ 67%
Net loss · FY 2025
₹1.2 Cr margin -72.4%
EBITDA · FY 2025
-₹91.18 Lakh margin -55.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 17%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 100%
3 years · compounded
▼ 174%
5 years · compounded
▼ 22%
Revenue fell 67% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 100% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹91.18 Lakh | ||||
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| Net Profit (PAT) | -₹1.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -55.2% | ||||
| Net Profit Margin | -72.4% | ||||
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To see the full financial statements and ratios of Binbag Recycling Services Private Limited, buy the company report.
Board of directors of Binbag Recycling Services Private Limited
Binbag Recycling Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Achitra Borgohain Also directs: Binbag Environmental Services Private Limited | Director | 22 Nov 2018 | 7 Years 11 Months | Current |
| Bhuchitra Borgohain Also directs: Binbag Environmental Services Private Limited | Director | 21 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Binbag Recycling Services Private Limited is audited by MANISHA BAJAJ AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANISHA BAJAJ AND ASSOCIATES | FY 2023 | 333367E |
Shareholding
The shareholding of Binbag Recycling Services 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 Binbag Recycling Services Private Limited, buy the company report.
Legal cases
Binbag Recycling Services Private Limited has 1 court case on record: 1 filed by Binbag Recycling Services. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Court case (N I Act) | Filed by the company against an individual | Pending |
To see the full case history of Binbag Recycling Services 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
No delayed payments to MSME suppliers are on our record for Binbag Recycling Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Binbag Recycling Services has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB1290Q1Z2 | Karnataka | Active | 13 Jan 2019 |
| 37AAICB1290Q1Z5 | Andhra Pradesh | Active | 31 May 2019 |
| 18AAICB1290Q1Z5 | Assam | Active | 06 Mar 2023 |
To see the full GST registrations and return filing status of Binbag Recycling Services Private Limited, buy the company report.
Recent activity
Binbag Recycling Services Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Bhuchitra Borgohain was appointed as Director on 21 Oct 2019.
AGM
Binbag Recycling Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Binbag Recycling Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Bhuchitra Borgohain was appointed as Director.
Ceased
Krishnan Chandra Bhushan ceased to be Director.
Appointed
Achitra Borgohain was appointed as Director.
Incorporation
22 Nov 2018
Binbag Recycling Services Private Limited was registered on 22 Nov 2018 with Roc Bangalore & aged 7 years 11 months as per MCA records.
Frequently asked questions
Binbag Recycling 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 22 November 2018 (8+ years old) and is registered under CIN U37200KA2018PTC118722.
Binbag Recycling Services has 2 current directors:
- Achitra Borgohain - Director
- Bhuchitra Borgohain - Director
The latest financial statements of Binbag Recycling Services 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 FY 2019 are in the company report.
The GSTIN of Binbag Recycling Services is 29AAICB1290Q1Z2, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 37AAICB1290Q1Z5 (Andhra Pradesh), 18AAICB1290Q1Z5 (Assam).
The CIN (Corporate Identification Number) of Binbag Recycling Services is U37200KA2018PTC118722. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binbag Recycling Services has 1 court case on record: 1 filed by the company. 1 is pending.
Binbag Recycling Services was incorporated on 22 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhuchitra Borgohain was appointed as Director on 21 Oct 2019. Krishnan Chandra Bhushan ceased to be Director on 21 Oct 2019. Achitra Borgohain was appointed as Director on 22 Nov 2018.
Yes, Binbag Recycling Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Binbag Recycling Services is registered as a micro enterprise under Udyam registration (number: UDYAM-AP-01-0004759).