MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0025213
Salasar Balaji Ship Breakers Private Limited - metals and minerals in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.76 Cr
▲ 112% YoY
Net profit · FY 2023
₹24.4 Lakh
Net margin 3.1%
EBITDA · FY 2023
₹12.83 Lakh
EBITDA margin 1.7%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.6 Cr
Issued & subscribed
Open charges
₹172 Cr
Secured borrowings
Company age
26 yrs
Est. 2000
Employees · EPFO
4
Provident fund records
About Salasar Balaji Ship Breakers Private Limited
Data last updated:
Salasar Balaji Ship Breakers Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 13 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35114GJ2000PTC037790. Its GSTIN is 24AAECS5872M1ZV (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.6 Cr. It is led by directors including Sunita Chaudhry and Abhishek Sanjiv Chaudhry.
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 Cm – 115 Kalvibid, Bhavnagar, Gujarat, India – 364002.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.76 Cr, a growth of 112% compared to the previous year. For the same year it recorded a net profit of ₹24.4 Lakh (net margin 3.1%) and EBITDA of ₹12.83 Lakh (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 36% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Salasar Balaji. As per MCA filings, the company has open charges of ₹172 Cr on record. Court records list 7 cases involving the company, including 7 filed by the company; 2 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2018.
Salasar Balaji Ship Breakers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0025213). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salasarbalajishipbreakers.com.
Company details
CIN U35114GJ2000PTC037790
Registration Number 037790
Incorporation Date 13 April 2000
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 Small
Udyam Registration UDYAM-GJ-05-0025213
Key People
Sunita Chaudhry Director Abhishek Sanjiv Chaudhry Director Sanjiv Shyamsunder Chaudhary Director Recognitions & Rankings of Salasar Balaji Ship Breakers
Contact details
Salasar Balaji Ship Breakers Private Limited's registered office is in Bhavnagar, Gujarat. Its website is salasarbalajishipbreakers.com. Its e-mail address is in the company report.
- Email
- Registered AddressCm – 115 Kalvibid, Bhavnagar, Gujarat, India – 364002
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Salasar Balaji Ship Breakers Private Limited, buy the company report.
Comprehensive company report
Salasar Balaji Ship Breakers 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
Salasar Balaji Ship Breakers operates one associated brand: Salasar Balaji. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ship recycling, scrap trading, and steel products services in India. | salasarbalajishipbreakers.com |
Financials of Salasar Balaji Ship Breakers Private Limited
FY 2025 filings availableSalasar Balaji Ship Breakers Private Limited reported revenue of ₹7.76 Cr (up 112% YoY) for FY 2023.
Revenue · FY 2023
₹7.76 Cr ▲ 112%
Net profit · FY 2023
₹24.4 Lakh margin 3.1%
EBITDA · FY 2023
₹12.83 Lakh margin 1.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 112%
3 years · compounded
▼ 62%
5 years · compounded
▼ 36%
EBITDA CAGR growth
3 years · compounded
▼ 64%
5 years · compounded
▼ 41%
Revenue rose 112% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.4 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 Salasar Balaji Ship Breakers Private Limited, buy the company report.
Board of directors of Salasar Balaji Ship Breakers Private Limited
Salasar Balaji Ship Breakers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Chaudhry Also directs: Salasar Balaji Land Developers Private Limited | Director | 20 Mar 2006 | 20 Years 7 Months | Current |
| Abhishek Sanjiv Chaudhry | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Sanjiv Shyamsunder Chaudhary Also directs: Chaudhry Rolling Mills Private Limited | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Salasar Balaji Ship Breakers Private Limited is audited by JAIN AMBAVAT & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN AMBAVAT & ASSOCIATES LLP | FY 2023 | 103887W |
Shareholding
The shareholding of Salasar Balaji Ship Breakers 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 Salasar Balaji Ship Breakers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹172 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2010 | 10257630 | Others | ₹137 Cr | Open | |
| 12 Jan 2009 | 10142758 | Punjab National Bank Limited | ₹35 Cr | Open |
To see the full charge records of Salasar Balaji Ship Breakers Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Salasar Balaji Ship Breakers Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2018.
Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹1 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Triangular Infocom Limited , Nakshatra Business Private Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Sanjeev Chaudry HUF, SS Chaudry HUF Seller: Olive Overseas Private Limited |
| Mar 2008 | Funding round | ₹1 Cr | Investors: Olive Overseas Private Limited , Triangular Infocom Limited , Nakshatra Business Private Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: SS Chaudry HUF, 3 individuals Seller: Goddess Mumba Devi Trust, Goddess Vindeshwari Trust, Godess Parwati Trust |
To see the full deal history of Salasar Balaji Ship Breakers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Salasar Balaji Ship Breakers Private Limited has 7 court cases on record: 7 filed by Salasar Balaji Ship Breakers. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
7
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 0 | 2 |
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Square Four Housing & Infrastructure Development Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Square Four Housing & Infrastructure Development Private Limited | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Steel Authority of India Limited & Ors. | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against Pure Alloy Pvt Ltd and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Salasar Balaji Ship Breakers 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 Salasar Balaji Ship Breakers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Salasar Balaji Ship Breakers Private Limited has a workforce of 4 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Salasar Balaji Ship Breakers has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECS5872M1ZV | Gujarat | Active | 01 Jul 2017 |
| 24AAECS5872M1D4 | Gujarat | Active | 05 Nov 2024 |
| 24AAECS5872M2ZU | Gujarat | Active | 03 Jun 2025 |
| 27AAECS5872M1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Salasar Balaji Ship Breakers Private Limited, buy the company report.
Recent activity
Salasar Balaji Ship Breakers Private Limited has 7 board changes on record since 2000: 5 appointments and 2 cessations. The latest: Sanjiv Shyamsunder Chaudhary was appointed as Director on 11 Jan 2024.
AGM
Salasar Balaji Ship Breakers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Salasar Balaji Ship Breakers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Sanjiv Shyamsunder Chaudhary was appointed as Director.
Appointed
Abhishek Sanjiv Chaudhry was appointed as Director.
Charges
A charge with Others of Rs. 137.00 Cr registered on 15 Dec 2010 with Charge ID 10257630 was modified on 15 Jun 2018.
Ceased
Puliyur Ganesh Ramakrishnan ceased to be Director.
Charges
A charge with Others amounted to Rs. 137.00 Cr with Charge ID 10257630 was registered on 15 Dec 2010.
Ceased
Bedi Ram Gupta ceased to be Director.
Charges
A charge with Punjab National Bank Limited of Rs. 35.00 Cr registered on 12 Jan 2009 with Charge ID 10142758 was modified on 12 Oct 2009.
Charges
A charge with Punjab National Bank Limited amounted to Rs. 35.00 Cr with Charge ID 10142758 was registered on 12 Jan 2009.
Appointed
Sunita Chaudhry was appointed as Director.
Appointed
Puliyur Ganesh Ramakrishnan was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Salasar Balaji Ship Breakers is an active private limited company based in Bhavnagar, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 13 April 2000 (26+ years old) and is registered under CIN U35114GJ2000PTC037790.
Salasar Balaji Ship Breakers has 3 current directors:
- Sunita Chaudhry - Director
- Abhishek Sanjiv Chaudhry - Director
- Sanjiv Shyamsunder Chaudhary - Director
The latest financial statements of Salasar Balaji Ship Breakers 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 2015 are in the company report.
The GSTIN of Salasar Balaji Ship Breakers is 24AAECS5872M1ZV, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AAECS5872M1D4 (Gujarat), 24AAECS5872M2ZU (Gujarat), 27AAECS5872M1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Salasar Balaji Ship Breakers is U35114GJ2000PTC037790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salasar Balaji Ship Breakers has 7 court cases on record: 7 filed by the company. 2 are pending. Most are in the nclat.
Salasar Balaji Ship Breakers was incorporated on 13 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Salasar Balaji Ship Breakers has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2018.
Sanjiv Shyamsunder Chaudhary was appointed as Director on 11 Jan 2024. Abhishek Sanjiv Chaudhry was appointed as Director on 15 Sep 2020. Puliyur Ganesh Ramakrishnan ceased to be Director on 04 Feb 2015. Salasar Balaji Ship Breakers has 7 board changes on record in total.
Yes, Salasar Balaji Ship Breakers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0025213).