Abc Bearings Limited

Manufacturer of various types of bearings for automotive industry.

1961 | Mumbai, Maharashtra (India) | Merged
Last Updated:

Abc Bearings Profile

Key Indicators

  • Authorised Capital ₹ 12.00 Cr
  • Paid Up Capital ₹ 11.55 Cr
  • Company Age 63 Year, 10 Months
  • Last Filing with ROC 31 Mar 2017
  • Satisfied Charges ₹ 303.87 Cr
  • Revenue Growth 5.62%
  • Profit Growth 116.21%
  • Ebitda 14.67%
  • Net Worth 9.33%
  • Total Assets -7.42%

About Abc Bearings

Abc Bearings Limited (ABL) is Amalgamated company established on 30 May 1961 with its office registered at Mumbai, Maharashtra, India and has been running since 63 Year, 10 Months with a paid up capital of 11.55 Cr. According to MCA records, 8 Directors and 2 Signatories are linked to this company as of 18 Jan 2025.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29130MH1961PLC012028

  • Company No.

    012028

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 May 1961

  • Date of AGM

    20 Sep 2017

  • Date of Balance Sheet

    31 Mar 2017

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Abc Bearings Limited offer?

Abc Bearings Limited offers a wide range of products and services, including Clutch, Clutch Parts & Accessories, Clutch Components, Ball Bearings and Bearing Assemblies, Roller Bearings, Automotive Bearings, Cylindrical Roller Bearing, Ball Bearings, Cylindrical Bearings, Tapered Roller Bearings, Swing Bearing.

Who are the key members and board of directors at Abc Bearings?

Executive Team (3)

NameDesignationAppointment DateStatus
Mr Choudhary Country flag representing In CFOCurrent
Pradip Patel Country flag representing In Managing Director01-Aug-1986Current
Sanjay Desai Country flag representing In Company SecretaryCurrent

Board Members (7)

NameDesignationAppointment DateStatus
Jal Patel Country flag representing In Director 26-May-2004Current
Sudhir Patel Country flag representing Gb Whole-Time Director 02-Sep-1989Current
Sahir Patel Country flag representing Gb Whole-Time Director 19-Oct-2016Current
Tanuj Patel Country flag representing Gb Whole-Time Director 24-Jul-2007Current
Shishir Diwanji Country flag representing In Director 23-Jun-1988Current
Nalin Shah Country flag representing In Director 16-Jul-2013Current

Financial Performance of Abc Bearings.

Abc Bearings Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 5.62% increase. The company also saw a substantial improvement in profitability, with a 116.21% increase in profit. The company's net worth moved up by a moderate rise of 9.33%.

Abc Bearings revenue growth over time
Abc Bearings profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
5.62%
Revenue from Operations
5.64%
Total Assets
-7.42%
Profit or Loss
116.21%
Net Worth
9.33%
EBITDA
14.67%

What is the Ownership and Shareholding Structure of Abc Bearings?

In 2017, Abc Bearings had a promoter holding of 38.76% and a public holding of 61.24%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹303.87 Cr

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Bank Limited : 64.62 Cr
  • Idbi Bank Limited : 61.50 Cr
  • State Bank Of India : 50.00 Cr
  • Kotak Mahindra Bank Ltd : 26.50 Cr
  • The Honkong And Shanghai Banking Corporation Limited : 20.30 Cr
  • Others : 80.95 Cr

Latest Charge Details

DateLenderAmountStatus
25 Oct 2013Tata Capital Financial Services Limited₹15.00 CrSatisfied
20 Jul 2013Others₹18.75 CrSatisfied
06 Aug 2011State Bank Of India₹50.00 CrSatisfied
29 Oct 2009Idbi Bank Limited₹26.50 CrSatisfied
25 May 2009Idbi Bank Limited₹35.00 CrSatisfied

How Many Employees Work at Abc Bearings?

Abc Bearings has a workforce of 364 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Abc Bearings Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Abc Bearings, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Abc Bearings's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Abc Bearings

Recent activity within the organization

  • Charges

    A charge registered on 20 Jul 2013 via Charge ID 10437969 with Others was fully satisfied on 30 Jul 2018.

  • Annual General Meeting

    Abc Bearings Limited last Annual general meeting of members was held on 20 Sep 2017 as per latest MCA records.

  • Charges

    A charge registered on 06 Aug 2011 via Charge ID 10303609 with State Bank Of India was fully satisfied on 11 Sep 2017.

  • Charges

    A charge registered on 25 May 2009 via Charge ID 10162687 with Idbi Bank Limited was fully satisfied on 26 Apr 2017.

  • Charges

    A charge registered on 25 Oct 2013 via Charge ID 10458217 with Tata Capital Financial Services Limited was fully satisfied on 20 Apr 2017.

  • Balance Sheet

    Abc Bearings Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.

Frequently asked questions

  • What is the Incorporation or founding date of Abc Bearings Limited?

    Abc Bearings Limited was incorporated on 30 May 1961.

  • What is authorized share capital and paid-up capital of Abc Bearings Limited?

    The authorized share capital of Abc Bearings Limited is ₹ 12.00 Cr and paid-up capital is ₹ 11.55 Cr.

  • Who are the current board members & directors of Abc Bearings Limited?

    Currently 10 directors are associated with Abc Bearings Limited.

    • Mr SK Choudhary
    • Sudhir Manubhai Patel
    • Pradip Manubhai Patel
    • Sahir Sudhir Patel
    • Tanuj Manubhai Patel
    • Jal Patel
    • Shishir Kisonlal Diwanji
    • Nalin Mansukhlal Shah
    • Jolly Abraham Plammoottil
    • Sanjay Babubhai Desai

  • What is the registered address of Abc Bearings Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Abc Bearings Limited is 402-B Poonam Chambers Dr. Annie Besant Road Worli, India, Mumbai, Maharashtra, 400018.

  • What is the corporate identification number (CIN) and company number of Abc Bearings Limited?

    The corporate identification number (CIN) of Abc Bearings Limited is L29130MH1961PLC012028 and the company number is 012028 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Abc Bearings Limited?

    The Official website of Abc Bearings Limited is https://www.abcbearings.com

  • What has been the recent revenue trend for Abc Bearings Limited?

    According to the financial reports for the fiscal year 2017, the revenue trend for Abc Bearings Limited has risen by 5.62%.

  • How many employees does Abc Bearings Limited currently have?

    As Per 2017 financial reports, 364 employees are currently employed by Abc Bearings Limited.

  • What change has been observed in the net worth of Abc Bearings Limited, and by what percentage?

    The financial reports for the fiscal year 2017 indicates that The net worth of Abc Bearings Limited has experienced an upsurge of 9.33%.

  • When was the last Balance Sheet of Abc Bearings Limited filed with the ROC?

    The most recent Balance Sheet for Abc Bearings Limited was filed with the ROC on 31 Mar 2017.

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