Bharat Insulation Company (India) Private Limited

Manufacturer of copper winding wires and cables for various industries.

1974 | Thane, Maharashtra (India) | Active
Last Updated: July 18, 2024

Bharat Insulation Company (India) Profile

Key Indicators

  • Authorised Capital ₹ 3.20 Cr
  • Paid Up Capital ₹ 2.61 Cr
  • Company Age 50 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 93.00 Cr
  • Satisfied Charges ₹ 38.79 Cr
  • Revenue Growth 8.63%
  • Profit Growth 106.54%
  • Ebitda 11.45%
  • Net Worth 9.30%
  • Total Assets 8.27%

About Bharat Insulation Company (India)

Bharat Insulation Company (India) Private Limited (BICIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 October 1974 and has a history of 50 years and four months. Its registered office is in Thane, Maharashtra, India.

The Corporate was formerly known as Jyoti Insulated Wires Private Limited. The Company is engaged in the Manufacturing 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 3.20 Cr and a paid-up capital of Rs 2.61 Cr.

The company currently has active open charges totaling ₹93.00 Cr. The company has closed loans amounting to ₹38.79 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sarosh Irani, Dhiren Mehta, and Sanat Mehta serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    bicwire.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31300MH1974PTC017814

  • Company No.

    017814

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Oct 1974

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Bharat Insulation Company (India) Private Limited offer?

Bharat Insulation Company (India) Private Limited offers a wide range of products and services, including Metal and Alloy Wires, Copper Wires, Metal Wire, Aluminum Wires, Paints, Wall Putty & Varnishes, Varnishes, Electrical Conductors, Winding Wire, Aluminum Winding Wire, Bare Aluminium Wire.

Who are the key members and board of directors at Bharat Insulation Company (India)?

Executive Team (1)

Name Designation Appointment Date Status
Dhiren Mehta Country flag representing In Managing Director 07-Aug-1981 Current

Board Members (2)

Name Designation Appointment Date Status
Sarosh Irani Country flag representing In Director 20-Jan-2012 Current
Sanat Mehta Country flag representing In Whole-Time Director 08-Jul-2022 Current

Financial Performance of Bharat Insulation Company (India).

Bharat Insulation Company (India) Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.63% increase. The company also saw a substantial improvement in profitability, with a 106.54% increase in profit. The company's net worth moved up by a moderate rise of 9.3%.

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
8.63%
Revenue from Operations
8.63%
Total Assets
8.27%
Profit or Loss
106.54%
Net Worth
9.30%
EBITDA
11.45%

What is the Ownership and Shareholding Structure of Bharat Insulation Company (India)?

In 2023, Bharat Insulation Company (India) had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹93.00 Cr

Satisfied Charges

₹38.79 Cr

Charges Breakdown by Lending Institutions

  • Others : 85.00 Cr
  • Yes Bank Limited : 8.00 Cr

Latest Charge Details

Date Lender Amount Status
31 Oct 2023 Others ₹20.00 Cr Open
15 Dec 2016 Others ₹65.00 Cr Open
13 Aug 2015 Yes Bank Limited ₹8.00 Cr Open
12 Mar 2020 Standard Chartered Bank ₹19.00 Cr Satisfied
12 Mar 2020 Standard Chartered Bank ₹1.90 Cr Satisfied

How Many Employees Work at Bharat Insulation Company (India)?

Bharat Insulation Company (India) has a workforce of 94 employees as of Mar 29, 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 Bharat Insulation Company (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 Bharat Insulation Company (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 Bharat Insulation Company (India)

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 65.00 Cr registered on 15 Dec 2016 with Charge ID 100067354 was modified on 30 Nov 2023.

    30 Nov 2023

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100816257 was registered on 31 Oct 2023.

    31 Oct 2023

  • Annual General Meeting

    Bharat Insulation Company (India) Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Bharat Insulation Company (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Sanat Dhiren Mehta was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 08 Jul 2022 & has been associated with this company since 2 years 7 months .

    08 Jul 2022

  • Charges

    A charge registered on 12 Mar 2020 via Charge ID 100370817 with Standard Chartered Bank was fully satisfied on 25 Aug 2021.

    25 Aug 2021

Frequently asked questions

  • Bharat Insulation Company (India) Private Limited was incorporated on 05 Oct 1974.

  • The authorized share capital of Bharat Insulation Company (India) Private Limited is ₹ 3.20 Cr and paid-up capital is ₹ 2.61 Cr.

  • Currently 3 directors are associated with Bharat Insulation Company (India) Private Limited.

    • Sarosh Sorab Irani
    • Dhiren Dulerai Mehta
    • Sanat Dhiren Mehta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Bharat Insulation Company (India) Private Limited is B-32Wagle Indl.Area Road No 18, Thane, Maharashtra, India, 400604.

  • The corporate identification number (CIN) of Bharat Insulation Company (India) Private Limited is U31300MH1974PTC017814 and the company number is 017814 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Bharat Insulation Company (India) Private Limited is https://www.bicwire.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Bharat Insulation Company (India) Private Limited has risen by 8.63%.

  • As Per 2023 financial reports, 94 employees are currently employed by Bharat Insulation Company (India) Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Bharat Insulation Company (India) Private Limited has experienced an upsurge of 9.30%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Bharat Insulation Company (India) Private Limited amount to ₹ 93.00 Cr.

  • The most recent Balance Sheet for Bharat Insulation Company (India) Private Limited was filed with the ROC on 31 Mar 2023.

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