About Business Algorithms Private Limited
Data last updated: 20 December 2025
Business Algorithms Private Limited is a private limited company based in Nagpur, Maharashtra, India. It specialises in IT products retail and distribution, a part of the broader technology and IT services sector. Incorporated on 24 August 1994, the company has been in operation for over 32 years.
Registered with ROC Mumbai under CIN U72900MH1994PTC080566.
Capital: 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.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 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.
The company has a workforce of approximately 19 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹238.11 Cr on record.
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.
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Registered AddressPlot No 28 It Park Opp Gayatri Mandir Bus Station Parsodi, Nagpur, Maharashtra, India – 440022
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IndustryInformation Technology, IT Products Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Business Algorithms Private Limited
Business Algorithms Private Limited is engaged in the principal business activity of trade, with detailed activities including 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 for Business Algorithms Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Business Algorithms Private Limited
Business Algorithms Private Limited is audited by P.S Thakare & Co for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P.S Thakare & Co | Locked | Locked | Locked |
Complete auditor history for Business Algorithms Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Business Algorithms Private Limited
Business Algorithms Private Limited is currently managed by 3 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyas Prashant Ugemuge | Director | 01 Dec 2024 | 1 Years 7 Months | Current |
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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
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Director | 01 Aug 2022 | 3 Years 11 Months | Current |
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Jyotsana Prashant Ugemuge
Also directs:
Vidarbha Infotech B Park Spv Llp, Vipl Farms Private Limited, Ugemuge Hotels And Amusement Private Limited and 5 more
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Director | 01 Aug 2022 | 3 Years 11 Months | Current |
Financials of Business Algorithms Private Limited FY 2024 filings available
Business Algorithms Private Limited reported revenue of ₹30.99 Cr (up 84.00% YoY) for FY 2024.
Ten-year financial statements for Business Algorithms Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Business Algorithms Private Limited
Shareholding and ownership data for Business Algorithms Private Limited
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Charges & Borrowings of Business Algorithms Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Shikshak Sahakari Bank Limited | ₹4.6 Cr | Open |
| 02 Mar 2024 | Others | ₹10 Cr | Open |
| 08 Dec 2023 | Others | ₹223.5 Cr | Open |
| 02 Jul 1996 | State Bank of India | ₹50,000 | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Business Algorithms Private Limited
Business Algorithms Private Limited has a workforce of 19 employees as of Apr 04, 2024.
Employee and EPFO history for Business Algorithms Private Limited
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GST Compliance of Business Algorithms Private Limited
GST registrations and filing compliance for Business Algorithms Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Business Algorithms Private Limited
Credit ratings, litigation, and regulatory alerts for Business Algorithms Private Limited
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MSME Payment Delays by Business Algorithms Private Limited
MSME payment history for Business Algorithms Private Limited
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Subsidiaries & Group Companies of Business Algorithms Private Limited
Corporate group structure for Business Algorithms Private Limited
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MCA Filings & Documents of Business Algorithms Private Limited
MCA filings and documents for Business Algorithms Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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- Annual returns and statements
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Recent Activity on Business Algorithms Private Limited
Frequently Asked Questions about Business Algorithms Private Limited
Business Algorithms Private Limited is an active private limited company in the information technology sector based in Nagpur, Maharashtra, India. It was incorporated on 24 August 1994 (32+ years old) and is registered under CIN U72900MH1994PTC080566. The company has 19 employees.
Business Algorithms Private Limited reported revenue of ₹30.99 Cr for FY 2024 (up 84.00% YoY).
The current directors of Business Algorithms Private Limited are:
- Shreyas Prashant Ugemuge - Director
- Prashant Bhaurao Ugemuge - Director
- Jyotsana Prashant Ugemuge - Director
The primary industry of Business Algorithms Private Limited is information technology. The company specifically operates in IT products retail and distribution. The company is currently active in this sector.
Business Algorithms Private Limited can be reached at the registered office: Plot No 28 It Park Opp Gayatri Mandir Bus Station Parsodi, Nagpur, Maharashtra, India – 440022, or through the website balgo.com.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹6.99 Lakh.