Banco Products (India) Limited

Manufactures engine cooling modules and custom-designed heat exchangers for various industries.

1961 | Vadodara, Gujarat (India) | Active
Last Updated:

Banco Products (India) Profile

Key Indicators

  • Authorised Capital ₹ 30.40 Cr
  • Paid Up Capital ₹ 28.61 Cr
  • Company Age 63 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 30.00 Cr
  • Satisfied Charges ₹ 335.95 Cr
  • Revenue Growth 1.54%
  • Profit Growth 3.94%
  • Ebitda 6.22%
  • Net Worth 1.58%
  • Total Assets 1.37%

About Banco Products (India)

Banco Products (India) Limited (BPIL) was founded in India on 16 March 1961 and has a glorious history of 63 years and 11 months. Its registered office is in Vadodara, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500039 and on the National Stock Exchange(NSE) under BANCOINDIA.

The Corporate was formerly known as Autospares Private Limited. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 30.40 Cr and a paid-up capital of Rs 28.61 Cr.

The company currently has active open charges totaling ₹30.00 Cr. The company has closed loans amounting to ₹335.95 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Banco Products (India) Limited India are Himali Patel as CFO and Preeti Yadav as Company Secretary. Sharan Patel, Ameeta Manohar, Udayan Patel, and Five other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    bancoindia.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L51100GJ1961PLC001039

  • Company No.

    001039

  • Stock Symbol

    BSE : 500039 NSE : BANCOINDIA

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Mar 1961

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Automotive

What products or services does Banco Products (India) Limited offer?

Banco Products (India) Limited offers a wide range of products and services, including Rubber Gaskets and Gasket Material, Gasket Sheet, Radiators & Accessories, Vehicle Radiators, Oil Coolers, Engine & Engine Spare Parts, Engine Components, Industrial Coolers, Blowers & Fans, Industrial Air Cooler, Gaskets.

Who are the key members and board of directors at Banco Products (India)?

Executive Team (2)

NameDesignationAppointment DateStatus
Himali Patel Country flag representing In CFO13-Feb-2015Current
Preeti Yadav Company Secretary16-Nov-2024Current

Board Members (8)

NameDesignationAppointment DateStatus
Sharan Patel Country flag representing In Whole-Time Director 22-Apr-2021Current
Ameeta Manohar Country flag representing In Director 25-Apr-2020Current
Udayan Patel Country flag representing In Director 13-Feb-2015Current
Devesh Pathak Country flag representing In Director 13-Feb-2015Current
Tarak Patel Country flag representing In Director 05-Feb-2024Current
Mehul Patel Country flag representing In Director 08-Feb-1990Current

Financial Performance of Banco Products (India).

Banco Products (India) Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 1.54% increase. The company also saw a slight improvement in profitability, with a 3.94% increase in profit. The company's net worth moved up by a moderate rise of 1.58%.

Banco Products (India) revenue growth over time
Banco Products (India) 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
1.54%
Revenue from Operations
0.75%
Total Assets
1.37%
Profit or Loss
3.94%
Net Worth
1.58%
EBITDA
6.22%

What is the Ownership and Shareholding Structure of Banco Products (India)?

In 2024, Banco Products (India) had a promoter holding of 67.88% and a public holding of 32.10%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.00 Cr

Satisfied Charges

₹335.95 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 10.00 Cr
  • State Bank Of India : 10.00 Cr
  • Bank Of Baroda : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
23 Mar 2015Bank Of Baroda₹10.00 CrOpen
09 Mar 2015State Bank Of India₹10.00 CrOpen
24 Feb 2015Hdfc Bank Limited₹10.00 CrOpen
17 Mar 2015Standard Chartered Bank₹10.00 CrSatisfied
31 Jan 2014Hdfc Bank Limited₹10.00 CrSatisfied

How Many Employees Work at Banco Products (India)?

Banco Products (India) has a workforce of 758 employees as of Feb 25, 2025. 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 Banco Products (India) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Banco Products (India), 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 Banco Products (India)'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 Banco Products (India)

Recent activity within the organization

  • Director Appointment

    Preeti Yadav was appointed as a Company Secretary was appointed as a Company Secretary on 16 Nov 2024 & has been associated with this company since 3 months 15 days .

  • Annual General Meeting

    Banco Products (India) Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Banco Products (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Tarak Atulbhai Patel was appointed as a Director was appointed as a Director on 05 Feb 2024 & has been associated with this company since 1 year 25 days .

  • Director Appointment

    Shivam Mehul Patel was appointed as a Director was appointed as a Director on 07 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Director Appointment

    Sharan Mehul Patel was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 22 Apr 2021 & has been associated with this company since 3 years 10 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Banco Products (India) Limited?

    Banco Products (India) Limited was incorporated on 16 Mar 1961.

  • What is authorized share capital and paid-up capital of Banco Products (India) Limited?

    The authorized share capital of Banco Products (India) Limited is ₹ 30.40 Cr and paid-up capital is ₹ 28.61 Cr.

  • Who are the current board members & directors of Banco Products (India) Limited?

    Currently 10 directors are associated with Banco Products (India) Limited.

    • Sharan Mehul Patel
    • Ameeta Vikas Manohar
    • Udayan Prabhudas Patel
    • Devesh Amubhai Pathak
    • Tarak Atulbhai Patel
    • Mehul K Patel
    • Himali Harnish Patel
    • Shivam Mehul Patel
    • Himali Harnish Patel
    • Preeti Yadav

  • What is the registered address of Banco Products (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Banco Products (India) Limited is Bil, Near Bhaili Railway Station Padra Road India, Dist. Baroda, Gujarat, 391410.

  • What is the corporate identification number (CIN) and company number of Banco Products (India) Limited?

    The corporate identification number (CIN) of Banco Products (India) Limited is L51100GJ1961PLC001039 and the company number is 001039 as per Ministry of Corporate Affairs (MCA).

  • Is Banco Products (India) Limited registered with any stock exchange in India?

    Yes, Banco Products (India) Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): BANCOINDIA.

  • What is the official website of Banco Products (India) Limited?

    The Official website of Banco Products (India) Limited is https://www.bancoindia.com

  • What has been the recent revenue trend for Banco Products (India) Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Banco Products (India) Limited has risen by 1.54%.

  • How many employees does Banco Products (India) Limited currently have?

    As Per 2024 financial reports, 758 employees are currently employed by Banco Products (India) Limited.

  • What change has been observed in the net worth of Banco Products (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Banco Products (India) Limited has experienced an upsurge of 1.58%.

  • What are the total open charges for Banco Products (India) Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Banco Products (India) Limited amount to ₹ 30.00 Cr.

  • When was the last Balance Sheet of Banco Products (India) Limited filed with the ROC?

    The most recent Balance Sheet for Banco Products (India) Limited was filed with the ROC on 31 Mar 2024.

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