Aks Bearings Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 1.63 Cr
- Company Age 34 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3.30 Cr
- Satisfied Charges ₹ 8.55 Cr
- Revenue Growth 16.05%
- Profit Growth 206.20%
- Ebitda -5.13%
- Net Worth 2.11%
- Total Assets -3.68%
About Aks Bearings
Aks Bearings Ltd (ABL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 March 1990 and has a history of 34 years and 11 months. Its registered office is in Jaipur, Rajasthan, India.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 1.63 Cr.
The company currently has active open charges totaling ₹3.30 Cr. The company has closed loans amounting to ₹8.55 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sudhir Agarwal, Abhay Sharma, and Sandeep Agrawal serve as directors at the Company.
Company Details
- Location
Jaipur, Rajasthan, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U29130RJ1990PLC005370
- Company No.
005370
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Mar 1990
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Jaipur
Industry
Machinery and Equipment
What products or services does Aks Bearings Ltd offer?
Aks Bearings Ltd offers a wide range of products and services, including Ball Bearings and Bearing Assemblies, Industrial Bearings, Bushings & Bushing Parts, Machine Bushing, Roller Bearings, Automotive Bearings, Clutch, Clutch Parts & Accessories, Clutch Components, Ball Bearings, Pedestal Bearing.
Who are the key members and board of directors at Aks Bearings?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sudhir Agarwal  | Managing Director | 30-Mar-1990 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Agrawal  | Director | 06-Sep-2021 | Current |
| Abhay Sharma | Whole-Time Director | 15-Jan-2008 | Current |
Financial Performance of Aks Bearings.
Aks Bearings Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 16.05% increase. The company also saw a substantial improvement in profitability, with a 206.2% increase in profit. The company's net worth moved up by a moderate rise of 2.11%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Aks Bearings?
In 2023, Aks Bearings had a promoter holding of 68.51% and a public holding of 31.49%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Sudhir Agarwal and Sandeep Agrawal are mutual person
Charges (Loans)
Open Charges
₹3.30 Cr
Satisfied Charges
₹8.55 Cr
Charges Breakdown by Lending Institutions
- Others : 3.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2023 | Others | ₹1.00 Cr | Open |
| 28 Mar 2023 | Others | ₹2.00 Cr | Open |
| 27 May 2020 | Others | ₹3.00 M | Open |
| 23 Aug 2021 | Others | ₹4.40 Cr | Satisfied |
| 30 Mar 2018 | Others | ₹5.00 M | Satisfied |
How Many Employees Work at Aks Bearings?
Aks Bearings has a workforce of 10 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Aks 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 Aks Bearings's trajectory.
Rating
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
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 Aks Bearings
Recent activity within the organization
- Annual General Meeting
Aks Bearings Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Others of Rs. 1.00 Cr registered on 28 Mar 2023 with Charge ID 100708305 was modified on 23 Aug 2023.
- Charges
A charge with Others of Rs. 2.00 Cr registered on 28 Mar 2023 with Charge ID 100709106 was modified on 23 Aug 2023.
- Charges
A charge registered on 23 Aug 2021 via Charge ID 100482092 with Others was fully satisfied on 12 Jun 2023.
- Balance Sheet
Aks Bearings Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Jaipur.
- Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100708305 was registered on 28 Mar 2023.
Frequently asked questions
What is the Incorporation or founding date of Aks Bearings Ltd?
Aks Bearings Ltd was incorporated on 30 Mar 1990.
What is authorized share capital and paid-up capital of Aks Bearings Ltd?
The authorized share capital of Aks Bearings Ltd is ₹ 5.00 Cr and paid-up capital is ₹ 1.63 Cr.
Who are the current board members & directors of Aks Bearings Ltd?
Currently 3 directors are associated with Aks Bearings Ltd.
- Sudhir Kumar Agarwal
- Abhay Sharma
- Sandeep Rajkumar Agrawal
What is the registered address of Aks Bearings Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Aks Bearings Ltd is A-87(B) Road No. 9C Vki Area, Jaipur, Rajasthan, India, 302018.
What is the corporate identification number (CIN) and company number of Aks Bearings Ltd?
The corporate identification number (CIN) of Aks Bearings Ltd is U29130RJ1990PLC005370 and the company number is 005370 as per Ministry of Corporate Affairs (MCA).
What is the official website of Aks Bearings Ltd?
The Official website of Aks Bearings Ltd is https://www.aksbearings.com
What has been the recent revenue trend for Aks Bearings Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Aks Bearings Ltd has risen by 16.05%.
How many employees does Aks Bearings Ltd currently have?
As Per 2023 financial reports, 10 employees are currently employed by Aks Bearings Ltd.
What change has been observed in the net worth of Aks Bearings Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Aks Bearings Ltd has experienced an upsurge of 2.11%.
What are the total open charges for Aks Bearings Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Aks Bearings Ltd amount to ₹ 3.30 Cr.
When was the last Balance Sheet of Aks Bearings Ltd filed with the ROC?
The most recent Balance Sheet for Aks Bearings Ltd was filed with the ROC on 31 Mar 2023.
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