MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-01-0003977
Kerala Balers Private Ltd - consumer goods in Alappuzha, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹49.21 Cr
▼ 17% YoY
Net loss · FY 2024
₹8.3 Lakh
Net margin -0.2%
EBITDA · FY 2024
₹74.97 Lakh
EBITDA margin 1.5%
Authorised capital
₹7.5 Lakh
Registered with MCA
Paid-up capital
₹6.2 Lakh
Issued & subscribed
Open charges
₹23.24 Cr
Satisfied ₹14.5 Lakh
Company age
78 yrs
Est. 1948
Employees · EPFO
130
Provident fund records
About Kerala Balers Private Ltd
Data last updated:
Kerala Balers Private Ltd is a private limited company based in Alappuzha, Kerala, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 31 March 1948 and has been in existence for over 78 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51494KL1948PTC000582. Its GSTIN is 32AAACK8719P1Z4 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹6.2 Lakh. It was formerly known as Kerala Balers Ltd. It is led by directors including Ashok Venugopal (Managing Director) and Subhadra Karunakaran Revi.
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 Post Box 2823 Kommady Ward A S Road, Alappuzha, Kerala, India – 688007.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.21 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹8.3 Lakh (net margin -0.2%) and EBITDA of ₹74.97 Lakh (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.
The company has about 130 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.24 Cr and satisfied charges of ₹14.5 Lakh on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 2 cases are pending.
Kerala Balers Private Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-01-0003977). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karan-group.com.
Company details
CIN U51494KL1948PTC000582
Registration Number 000582
Incorporation Date 31 March 1948
ROC Ernakulam
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-KL-01-0003977
Key People
Ashok Venugopal Managing Director Subhadra Karunakaran Revi Director Vivek Venugopal Venugopal Director Recognitions & Rankings of Kerala Balers
Contact details
Kerala Balers Private Ltd's registered office is in Alappuzha, Kerala. Its website is karan-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPost Box 2823 Kommady Ward A S Road, Alappuzha, Kerala, India – 688007
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Kerala Balers Private Ltd, buy the company report.
Comprehensive company report
Kerala Balers Private Ltd - 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 Kerala Balers is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Kerala Balers Private Ltd, buy the company report.
Financials of Kerala Balers Private Ltd
FY 2024 filings availableKerala Balers Private Ltd reported revenue of ₹49.21 Cr (down 17% YoY) for FY 2024.
Revenue · FY 2024
₹49.21 Cr ▼ 17%
Net loss · FY 2024
₹8.3 Lakh margin -0.2%
EBITDA · FY 2024
₹74.97 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 8%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 89%
3 years · compounded
▼ 47%
5 years · compounded
▼ 31%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 17% fall in the latest year. EBITDA fell 89% 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 |
|---|---|---|---|---|---|
| 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 | ₹74.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.3 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -0.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Kerala Balers Private Ltd, buy the company report.
Board of directors of Kerala Balers Private Ltd
Kerala Balers has 4 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 |
|---|---|---|---|---|
| Ashok Venugopal Also directs: Karinos Weave Private Limited, William Goodacre and Sons India Private Ltd, Karan and Ueda Carpet Private Limited and 3 more | Managing Director | 21 Nov 2000 | 25 Years 11 Months | Current |
| Subhadra Karunakaran Revi | Director | 18 May 1991 | 35 Years 5 Months | Current |
| Vivek Venugopal Venugopal Also directs: Karinos Weave Private Limited, William Goodacre and Sons India Private Ltd, Karan and Ueda Carpet Private Limited and 4 more | Director | 06 Jan 2006 | 20 Years 10 Months | Current |
| Chandrahasan Kuzhiyil Chellappan Pillai Also directs: William Goodacre and Sons India Private Ltd, The Alleppey Company Limited, Kerala Travels Inter Serve Limited and 3 more | Additional Director | 23 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Kerala Balers Private Ltd is audited by VARMA & VARMA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2023 | 004532S |
Shareholding
The shareholding of Kerala Balers Private Ltd 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 Kerala Balers Private Ltd, buy the company report.
Charges & borrowings
Open charges
₹23.24 Cr
Satisfied charges
₹14.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 1980 | 90015316 | State Bank of India | ₹23.24 Cr | Open | |
| 14 Feb 1968 | 90015080 | State Bank of India | ₹5 Lakh | Satisfied | |
| 18 Feb 1964 | 90015052 | State Bank of India | ₹6.5 Lakh | Satisfied | |
| 09 Nov 1956 | 90015025 | The Travancore Cochin Financial Corporation | ₹3 Lakh | Satisfied |
To see the full charge records of Kerala Balers Private Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Kerala Balers Private Ltd has 10 court cases on record: 7 filed by Kerala Balers, 3 filed against it. 2 cases are pending and 8 are disposed.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 2 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Appeal | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against Government of India and 5 others | Pending |
| High Court | Writ petition | Filed by the company against Union of India, and 2 others | Disposed |
| District court, Alappuzha, Kerala | Civil suit | Filed against the company by an individual | Disposed |
| District court, Alappuzha, Kerala | Civil suit | Filed by the company against Kerala Water Authority and 1 other | Disposed |
To see the full case history of Kerala Balers Private Ltd, 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.
Credit ratings & regulatory alerts
Kerala Balers Private Ltd was last rated by Care on 10 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Nov 2021 |
To see the full credit ratings and regulatory alerts of Kerala Balers Private Ltd, buy the company report.
MSME payment delays
Kerala Balers Private Ltd has 10 MSME Form 1 returns on record between 2019 and 2024, listing 52 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Mahalakshmi Exports | |||
| Sri Venkiteswara Package & Co. | |||
| an individual supplier |
To see the full MSME payment records of Kerala Balers Private Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kerala Balers Private Ltd has a workforce of 130 employees on its EPFO records as of Apr 02, 2024, across 2 active EPFO establishments.
Employee count
130
Active EPFO establishments
2
Employee growth
-12.75%
GST
Kerala Balers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACK8719P1Z4 | Kerala | Active | 01 Jul 2017 |
| 33AAACK8719P1Z2 | Tamil Nadu | Active | 01 Sep 2017 |
To see the full GST registrations and return filing status of Kerala Balers Private Ltd, buy the company report.
Recent activity
Kerala Balers Private Ltd has 9 board changes on record since 1991: 4 appointments and 5 cessations. The latest: Subhadra Karunakaran Revi ceased to be Director on 22 Oct 2025.
Ceased
Subhadra Karunakaran Revi ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 2,324.00 Lakh registered on 26 Dec 1980 with Charge ID 90015316 was modified on 14 Oct 2024.
AGM
Kerala Balers Private Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Karunakaran Appukuttan Nair ceased to be Director.
Filing
Kerala Balers Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Appointed
Chandrahasan Kuzhiyil Chellappan Pillai was appointed as Additional Director.
Ceased
Venugopal Narayanan ceased to be Director.
Charges
A charge registered on 14 Feb 1968 via Charge ID 90015080 with State Bank Of India was fully satisfied on 09 Feb 2021.
Charges
A charge registered on 18 Feb 1964 via Charge ID 90015052 with State Bank Of India was fully satisfied on 09 Feb 2021.
Charges
A charge registered on 09 Nov 1956 via Charge ID 90015025 with The Travancore Cochin Financial Corporation was fully satisfied on 03 Feb 2021.
Ceased
Sugunendran Kesavan ceased to be Whole-Time Director.
Ceased
Ponnattu Kurian Kurian ceased to be Director.
8 earlier events are in the company report.
Frequently asked questions
Kerala Balers is an active private limited company based in Alappuzha, Kerala, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 31 March 1948 (78+ years old) and is registered under CIN U51494KL1948PTC000582.
Kerala Balers has 4 current directors:
- Ashok Venugopal - Managing Director
- Subhadra Karunakaran Revi - Director
- Vivek Venugopal Venugopal - Director
- Chandrahasan Kuzhiyil Chellappan Pillai - Additional Director
The latest financial statements of Kerala Balers 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 Kerala Balers is 32AAACK8719P1Z4, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACK8719P1Z2 (Tamil Nadu).
The CIN (Corporate Identification Number) of Kerala Balers is U51494KL1948PTC000582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerala Balers has 10 court cases on record: 7 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Kerala Balers was incorporated on 31 March 1948, making it 78+ years old. It is registered with the Registrar of Companies, Ernakulam.
Subhadra Karunakaran Revi ceased to be Director on 22 Oct 2025. Karunakaran Appukuttan Nair ceased to be Director on 28 Jun 2024. Chandrahasan Kuzhiyil Chellappan Pillai was appointed as Additional Director on 23 Feb 2024. Kerala Balers has 9 board changes on record in total.
Yes, Kerala Balers is registered as a small enterprise under Udyam registration (number: UDYAM-KL-01-0003977).
Kerala Balers has 10 MSME Form 1 returns on record between 2019 and 2024, listing 52 overdue payments to 13 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Kerala Balers can be reached through the website karan-group.com. Its registered office is in Alappuzha, Kerala, India.
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