MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-09-0014765
Bankai Innovations Private Limited - fmcg in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.96 Lakh
▼ 62% YoY
Net loss · FY 2025
₹8.07 Cr
Latest filing
EBITDA · FY 2025
-₹6.15 Cr
Latest filing
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.17 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Bankai Innovations Private Limited
Data last updated:
Bankai Innovations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the home care and cleaning products segment of the FMCG sector. It was incorporated on 12 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20230GJ2018PTC101220. Its GSTIN is 24AACCW1651N1Z6 (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.17 Lakh. It was formerly known as Waff Products Private Limited and Crusto Innovations Private Limited. It is led by directors Mohit Niranjanbhai Rao and Ankur Jasubhai Barot.
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 806 J B Tower Opp. T V Tower, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.96 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹8.07 Cr and EBITDA of -₹6.15 Cr. Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 42% over five years.
The company is associated with 1 brand: WAFF Industries. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
Bankai Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0014765). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waffproducts.com.
Company details
CIN U20230GJ2018PTC101220
Registration Number 101220
Incorporation Date 12 March 2018
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-09-0014765
Name history
Bankai Innovations has undergone 2 name changes throughout its history. The company was previously known as Waff Products Private Limited, and Crusto Innovations Private Limited. The current legal name is Bankai Innovations Private Limited.
| Company Name | Status |
|---|---|
| Bankai Innovations Private Limited | Current |
| Waff Products Private Limited | Previous |
| Crusto Innovations Private Limited | Previous |
CIN history
Bankai Innovations has one previous CIN (Corporate Identification Number): U52609GJ2018PTC101220. The current CIN is U20230GJ2018PTC101220, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20230GJ2018PTC101220 | Current |
| U52609GJ2018PTC101220 | Previous |
Recognitions & Rankings of Bankai Innovations
Contact details
Bankai Innovations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is waffproducts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address806 J B Tower Opp. T V Tower, Ahmedabad, Gujarat, India – 380054
- IndustryFMCG, Home Care & Cleaning Products, Personal Care & Skincare Products
To see the full contact details of Bankai Innovations Private Limited, buy the company report.
Comprehensive company report
Bankai Innovations 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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Secure checkout · GST invoice included
Brands
Bankai Innovations operates one associated brand: WAFF Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sells deodorants, air fresheners, facewashes, serums, and body butters online. | waffproducts.com |
Business activity
The main business activity of Bankai Innovations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bankai Innovations Private Limited, buy the company report.
Financials of Bankai Innovations Private Limited
FY 2025 filings availableBankai Innovations Private Limited reported revenue of ₹2.96 Lakh (down 62% YoY) for FY 2025.
Revenue · FY 2025
₹2.96 Lakh ▼ 62%
Net loss · FY 2025
₹8.07 Cr
EBITDA · FY 2025
-₹6.15 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▼ 69%
5 years · compounded
▼ 42%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 288%
5 years · compounded
▼ 197%
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 62% fall in the latest year. EBITDA fell 87% 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 | -₹6.15 Cr | ||||
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| Net Profit (PAT) | -₹8.07 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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To see the full financial statements and ratios of Bankai Innovations Private Limited, buy the company report.
Board of directors of Bankai Innovations Private Limited
Bankai Innovations has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Niranjanbhai Rao | Director | 27 Feb 2023 | 3 Years 8 Months | Current |
| Ankur Jasubhai Barot | Additional Director | 30 Dec 2024 | 1 Years 9 Months | Current |
Auditor
Bankai Innovations Private Limited is audited by G.T.PATEL&CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.T.PATEL&CO. | FY 2023 | 107691W |
Shareholding
The shareholding of Bankai Innovations 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 Bankai Innovations Private Limited, buy the company report.
Legal cases
Bankai Innovations Private Limited has 3 court cases on record: 1 filed by Bankai Innovations, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S.Jeet Labs Pvt.Ltd. Through Rohit Jitendra Navalakha | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Disposed |
To see the full case history of Bankai Innovations 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 Bankai Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bankai Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCW1651N1Z6 | Gujarat | Active | 27 Mar 2018 |
To see the full GST registrations and return filing status of Bankai Innovations Private Limited, buy the company report.
Recent activity
Bankai Innovations Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Ankur Jasubhai Barot was appointed as Additional Director on 30 Dec 2024.
AGM
Bankai Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bankai Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Ankur Jasubhai Barot was appointed as Additional Director.
Ceased
Gopal Parsotambhai Galani ceased to be Additional Director.
Ceased
Nirav Mukeshkumar Sharma ceased to be Director.
Ceased
Mohit Niranjanbhai Rao ceased to be Additional Director.
Ceased
Jaysriben Sharma ceased to be Director.
Appointed
Mohit Niranjanbhai Rao was appointed as Director.
Ceased
Bhaumik Jayendrakumar Gandhi ceased to be Director.
Ceased
Smitaben Jayendrabhai Gandhi ceased to be Director.
Incorporation
12 Mar 2018
Bankai Innovations Private Limited was registered on 12 Mar 2018 with Roc Ahmedabad & aged 8 years 7 months as per MCA records.
Frequently asked questions
Bankai Innovations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in home care and cleaning products, within the FMCG industry. It was incorporated on 12 March 2018 (8+ years old) and is registered under CIN U20230GJ2018PTC101220.
Bankai Innovations has 2 current directors:
- Mohit Niranjanbhai Rao - Director
- Ankur Jasubhai Barot - Additional Director
The latest financial statements of Bankai Innovations 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 2018 are in the company report.
The GSTIN of Bankai Innovations is 24AACCW1651N1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Bankai Innovations is U20230GJ2018PTC101220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bankai Innovations has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.
Bankai Innovations was incorporated on 12 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ankur Jasubhai Barot was appointed as Additional Director on 30 Dec 2024. Gopal Parsotambhai Galani ceased to be Additional Director on 30 Dec 2024. Nirav Mukeshkumar Sharma ceased to be Director on 13 Dec 2024. Bankai Innovations has 8 board changes on record in total.
Yes, Bankai Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-09-0014765).
Bankai Innovations can be reached through the website waffproducts.com. Its registered office is in Ahmedabad, Gujarat, India.