MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0047536
Business Algorithms Private Limited - information technology in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.99 Cr
▲ 84% YoY
Net profit · FY 2024
₹1.41 Cr
Net margin 4.6%
EBITDA · FY 2024
₹2.02 Cr
EBITDA margin 6.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹6.99 Lakh
Issued & subscribed
Open charges
₹238.11 Cr
Secured borrowings
Company age
32 yrs
Est. 1994
Employees · EPFO
19
Provident fund records
About Business Algorithms Private Limited
Data last updated:
Business Algorithms Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 24 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH1994PTC080566. Its GSTIN is 27AAACB5860A1Z3 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.99 Lakh. It is led by directors including Shreyas Prashant Ugemuge and Prashant Bhaurao Ugemuge.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 28 IT Park Opp Gayatri Mandir Bus Station Parsodi, Nagpur, Maharashtra, India – 440022.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.99 Cr, a growth of 84% compared to the previous year. For the same year it recorded a net profit of ₹1.41 Cr (net margin 4.6%) and EBITDA of ₹2.02 Cr (EBITDA margin 6.5%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 2% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹238.11 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
Business Algorithms Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0047536). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balgo.com.
Company details
CIN U72900MH1994PTC080566
Registration Number 080566
Incorporation Date 24 August 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0047536
Key People
Shreyas Prashant Ugemuge Director Prashant Bhaurao Ugemuge Director Jyotsana Prashant Ugemuge Director Recognitions & Rankings of Business Algorithms
Contact details
Business Algorithms Private Limited's registered office is in Nagpur, Maharashtra. Its website is balgo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 28 IT Park Opp Gayatri Mandir Bus Station Parsodi, Nagpur, Maharashtra, India – 440022
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Business Algorithms Private Limited, buy the company report.
Comprehensive company report
Business Algorithms 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Business Algorithms 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 Business Algorithms Private Limited, buy the company report.
Financials of Business Algorithms Private Limited
FY 2024 filings availableBusiness Algorithms Private Limited reported revenue of ₹30.99 Cr (up 84% YoY) for FY 2024.
Revenue · FY 2024
₹30.99 Cr ▲ 84%
Net profit · FY 2024
₹1.41 Cr margin 4.6%
EBITDA · FY 2024
₹2.02 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 33%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 19%
5 years · compounded
▲ 40%
Revenue rose 84% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 10% 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 |
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| EBITDA | ₹2.02 Cr | ||||
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| Net Profit (PAT) | ₹1.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 4.6% | ||||
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To see the full financial statements and ratios of Business Algorithms Private Limited, buy the company report.
Board of directors of Business Algorithms Private Limited
Business Algorithms has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyas Prashant Ugemuge | Director | 01 Dec 2024 | 1 Years 10 Months | Current |
| Prashant Bhaurao Ugemuge Also directs: Vidarbha Infotech B Park SPV LLP, Vipl Farms Private Limited, Vidarbha Infotech S Park SPV Private Limited and 5 more | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Jyotsana Prashant Ugemuge Also directs: Vidarbha Infotech B Park SPV LLP, Vipl Farms Private Limited, Ugemuge Hotels and Amusement Private Limited and 5 more | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Business Algorithms Private Limited is audited by P.S Thakare & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.S Thakare & Co | FY 2023 | 128572W |
Shareholding
The shareholding of Business Algorithms 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 Business Algorithms Private Limited, buy the company report.
Charges & borrowings
Open charges
₹238.11 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100905085 | Shikshak Sahakari Bank Limited | ₹4.6 Cr | Open | |
| 02 Mar 2024 | 100887958 | Others | ₹10 Cr | Open | |
| 08 Dec 2023 | 100829968 | Others | ₹223.5 Cr | Open | |
| 02 Jul 1996 | 90349849 | State Bank of India | ₹50,000 | Open |
To see the full charge records of Business Algorithms Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Business Algorithms Private Limited has 3 court cases on record: 3 filed by Business Algorithms. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Business Algorithms 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 Business Algorithms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Business Algorithms Private Limited has a workforce of 19 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
-9.52%
GST
Business Algorithms has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB5860A1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Business Algorithms Private Limited, buy the company report.
Recent activity
Business Algorithms Private Limited has 8 board changes on record since 2019: 3 appointments and 5 cessations. The latest: Shreyas Prashant Ugemuge was appointed as Director on 01 Dec 2024.
Appointed
Shreyas Prashant Ugemuge was appointed as Director.
AGM
Business Algorithms Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Business Algorithms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Shikshak Sahakari Bank Limited amounted to Rs. 460.00 Lakh with Charge ID 100905085 was registered on 28 Mar 2024.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100887958 was registered on 02 Mar 2024.
Charges
A charge with Others amounted to Rs. 22,350.00 Lakh with Charge ID 100829968 was registered on 08 Dec 2023.
Ceased
Rasika Sudhir Budhay ceased to be Director.
Ceased
Rita Sudhir Budhay ceased to be Director.
Ceased
Saee Sudhir Budhay ceased to be Director.
Ceased
Sudhir Sukharup Budhay ceased to be Director.
Appointed
Jyotsana Prashant Ugemuge was appointed as Director.
Appointed
Prashant Bhaurao Ugemuge was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Business Algorithms is an active private limited company based in Nagpur, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 24 August 1994 (32+ years old) and is registered under CIN U72900MH1994PTC080566.
Business Algorithms has 3 current directors:
- Shreyas Prashant Ugemuge - Director
- Prashant Bhaurao Ugemuge - Director
- Jyotsana Prashant Ugemuge - Director
The latest financial statements of Business Algorithms on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Business Algorithms is 27AAACB5860A1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Business Algorithms is U72900MH1994PTC080566. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Business Algorithms has 3 court cases on record: 3 filed by the company.
Business Algorithms was incorporated on 24 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Shreyas Prashant Ugemuge was appointed as Director on 01 Dec 2024. Rasika Sudhir Budhay ceased to be Director on 09 Sep 2022. Rita Sudhir Budhay ceased to be Director on 09 Sep 2022. Business Algorithms has 8 board changes on record in total.
Yes, Business Algorithms is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0047536).
Business Algorithms can be reached through the website balgo.com. Its registered office is in Nagpur, Maharashtra, India.