Banco Products (India) Limited

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

1961 | Vadodara, Gujarat (India) | Active
Last Updated: June 19, 2024

Banco Products (India) Profile

Key Indicators

  • Authorised Capital ₹ 30.40 Cr
  • Paid Up Capital ₹ 14.30 Cr
  • Company Age 63 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 30.00 Cr
  • Satisfied Charges ₹ 335.95 Cr
  • Revenue Growth 37.82%
  • Profit Growth 186.68%
  • Ebitda 68.20%
  • Net Worth 6.60%
  • Total Assets 7.53%

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 ten 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 Gaskets & Oil Seals 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 2023. It's a company limited by shares with an authorized capital of Rs 30.40 Cr and a paid-up capital of Rs 14.30 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 Pooja Gurnani as Company Secretary. Tarak Patel, Mukesh Patel, Devesh Pathak, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • 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

    22 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • 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
Pooja Gurnani Company Secretary14-Aug-2021Current

Board Members (10)

NameDesignationAppointment DateStatus
Ramkisan Devidayal Country flag representing In Director 30-Jul-2001Current
Tarak Patel Country flag representing In Director 14-Feb-2024Current
Mukesh Patel Country flag representing In Director 27-Mar-2009Current
Devesh Pathak Country flag representing In Director 13-Feb-2015Current
Udayan Patel Country flag representing In Director 13-Feb-2015Current
Ameeta Manohar Country flag representing In Director 25-Apr-2020Current

Financial Performance of Banco Products (India).

Banco Products (India) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.82% increase. The company also saw a substantial improvement in profitability, with a 186.68% increase in profit. The company's net worth moved up by a moderate rise of 6.6%.

Graph illustrating revenue growth over time
Graph showing 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
37.82%
Revenue from Operations
26.20%
Total Assets
7.53%
Profit or Loss
186.68%
Net Worth
6.60%
EBITDA
68.20%

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

In 2023, Banco Products (India) had a promoter holding of 67.88% and a public holding of 32.12%. 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 725 employees as of Apr 06, 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.

Graph showing employee growth trends

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

    Tarak Atulbhai Patel was appointed as a Director was appointed as a Director on 14 Feb 2024 & has been associated with this company since 11 months 17 days .

    14 Feb 2024

  • Annual General Meeting

    Banco Products (India) Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.

    22 Sep 2023

  • Balance Sheet

    Banco Products (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge registered on 17 Mar 2015 via Charge ID 10557230 with Standard Chartered Bank was fully satisfied on 23 May 2016.

    23 May 2016

  • Charges

    A charge registered on 26 Jul 2011 via Charge ID 10298321 with Standard Chartered Bank was fully satisfied on 18 Apr 2016.

    18 Apr 2016

  • Charges

    A charge registered on 22 Jan 2014 via Charge ID 10475866 with Hdfc Bank Limited was fully satisfied on 08 May 2015.

    08 May 2015

Recent News, Updates & Announcement

Frequently asked questions

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

  • The authorized share capital of Banco Products (India) Limited is ₹ 30.40 Cr and paid-up capital is ₹ 14.30 Cr.

  • Currently 12 directors are associated with Banco Products (India) Limited.

    • Tarak Atulbhai Patel
    • Mukesh Dahyabhai Patel
    • Devesh Amubhai Pathak
    • Ramkisan Amirchand Devidayal
    • Udayan Prabhudas Patel
    • Ameeta Vikas Manohar
    • Mehul K Patel
    • Himali Harnish Patel
    • Sharan Mehul Patel
    • Shivam Mehul Patel
    • Himali Harnish Patel
    • Pooja Gurnani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Banco Products (India) Limited is Bil Near Bhaili Railway Station, Padra Road, Dist. Baroda, Gujarat, India, 391410.

  • 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).

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

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

  • According to the financial reports for the fiscal year 2023, the revenue trend for Banco Products (India) Limited has risen by 37.82%.

  • As Per 2023 financial reports, 725 employees are currently employed by Banco Products (India) Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Banco Products (India) Limited has experienced an upsurge of 6.60%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Banco Products (India) Limited amount to ₹ 30.00 Cr.

  • The most recent Balance Sheet for Banco Products (India) Limited was filed with the ROC on 31 Mar 2023.

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