Bimetal Bearings Limited

Manufacturer of engine bearings, bushings, thrust washers, and bimetallic strips for automotive and industrial use.

1961 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Bimetal Bearings Profile

Key Indicators

  • Authorised Capital ₹ 7.50 Cr
  • Paid Up Capital ₹ 3.83 Cr
  • Company Age 63 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 18.77 Cr
  • Satisfied Charges ₹ 25.73 Cr
  • Revenue Growth 16.47%
  • Profit Growth 161.09%
  • Ebitda 100.48%
  • Net Worth 4.10%
  • Total Assets 6.21%

About Bimetal Bearings

Bimetal Bearings Limited (BBL) was founded in India on 19 April 1961 and has a glorious history of 63 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505681.

The Corporate was formerly known as Bimetal Bearings 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 7.50 Cr and a paid-up capital of Rs 3.83 Cr.

The company currently has active open charges totaling ₹18.77 Cr. The company has closed loans amounting to ₹25.73 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Bimetal Bearings Limited India are Vidhya Krishnamurthy as COMPANY SECRETARY and Ramachandran Natarajan as Cfo. Anantharamakrishnan Krishnamoorthy, Pasalai Sankaran, Sivasailam Narayanan, and One other member serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29130TN1961PLC004466

  • Company No.

    004466

  • Stock Symbol

    BSE : 505681

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Apr 1961

  • Date of AGM

    19 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Automotive

What products or services does Bimetal Bearings Limited offer?

Bimetal Bearings Limited offers a wide range of products and services, including Metal & Metal Made Products, Nano Powder, Aluminum Sheets, Metal Products, Bushings & Bushing Parts, Machine Bushing, Alloy, Metal and Machine Washers, Flat Washers, Ball Bearings and Bearing Assemblies, Industrial Bearings.

Company report

Bimetal Bearings Limited

Explore comprehensive data for Bimetal Bearings Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (2)

NameDesignationAppointment DateStatus
Vidhya Krishnamurthy Country flag representing In Company Secretary30-Mar-2000Current
Ramachandran Natarajan CFO01-Apr-2021Current

Board Members (4)

NameDesignationAppointment DateStatus
Sivasailam Narayanan Country flag representing In Whole-Time Director 01-Nov-2012Current
Rashmi Urdhwareshe Country flag representing In Director 18-Mar-2023Current
Anantharamakrishnan Krishnamoorthy Country flag representing In Director 26-Jun-1970Current
Pasalai Sankaran Country flag representing In Director 27-Aug-2021Current

Financial Performance of Bimetal Bearings.

Bimetal Bearings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.47% increase. The company also saw a substantial improvement in profitability, with a 161.09% increase in profit. The company's net worth moved up by a moderate rise of 4.1%.

Bimetal Bearings revenue growth over time
Bimetal 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
16.47%
Revenue from Operations
16.44%
Total Assets
6.21%
Profit or Loss
161.09%
Net Worth
4.10%
EBITDA
100.48%

What is the Ownership and Shareholding Structure of Bimetal Bearings?

In 2023, Bimetal Bearings had a promoter holding of 74.88% and a public holding of 25.11%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹18.77 Cr

Satisfied Charges

₹25.73 Cr

Charges Breakdown by Lending Institutions

  • Others : 13.50 Cr
  • The Industrial Credit & Investment Corpn. Of India Ltd. : 2.25 Cr
  • The Industrial Credit And Investment Corpn. Of India Ltd. : 1.84 Cr
  • The Industrial Credit And Investment Corpn. Of India : 1.18 Cr

Latest Charge Details

DateLenderAmountStatus
14 Aug 2018Others₹13.50 CrOpen
04 May 1998The Industrial Credit & Investment Corpn. Of India Ltd.₹2.25 CrOpen
29 Apr 1983The Industrial Credit And Investment Corpn. Of India₹1.18 CrOpen
29 Apr 1983The Industrial Credit And Investment Corpn. Of India Ltd.₹1.18 CrOpen
23 Aug 1976The Industrial Credit And Investment Corpn. Of India Ltd.₹6.63 MOpen

How Many Employees Work at Bimetal Bearings?

Bimetal Bearings has a workforce of 355 employees as of Apr 01, 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 Bimetal Bearings Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Bimetal 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 Bimetal 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 Bimetal Bearings

Recent activity within the organization

  • Annual General Meeting

    Bimetal Bearings Limited last Annual general meeting of members was held on 19 Jul 2024 as per latest MCA records.

  • Balance Sheet

    Bimetal Bearings Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Others of Rs. 13.50 Cr registered on 14 Aug 2018 with Charge ID 100205282 was modified on 26 Dec 2023.

  • Director Appointment

    Rashmi Hemant Urdhwareshe was appointed as a Director was appointed as a Director on 18 Mar 2023 & has been associated with this company since 2 years 27 days .

  • Director Appointment

    Pasalai Rajamani Sankaran was appointed as a Director was appointed as a Director on 27 Aug 2021 & has been associated with this company since 3 years 7 months .

  • Charges

    A charge registered on 31 Oct 2012 via Charge ID 10391811 with Central Bank Of India was fully satisfied on 01 Oct 2018.

Frequently asked questions

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

    Bimetal Bearings Limited was incorporated on 19 Apr 1961.

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

    The authorized share capital of Bimetal Bearings Limited is ₹ 7.50 Cr and paid-up capital is ₹ 3.83 Cr.

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

    Currently 6 directors are associated with Bimetal Bearings Limited.

    • Anantharamakrishnan Krishnamoorthy
    • Pasalai Rajamani Sankaran
    • Sivasailam Narayanan
    • Vidhya Shankar Krishnamurthy
    • Ramachandran Natarajan
    • Rashmi Hemant Urdhwareshe

  • What is the registered address of Bimetal Bearings Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Bimetal Bearings Limited is Huzur Gardens, Sambiam, Chennai, Tamil Nadu, India, 600011.

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

    The corporate identification number (CIN) of Bimetal Bearings Limited is L29130TN1961PLC004466 and the company number is 004466 as per Ministry of Corporate Affairs (MCA).

  • Is Bimetal Bearings Limited registered with any stock exchange in India?

    Yes, Bimetal Bearings Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Bimetal Bearings Limited?

    The Official website of Bimetal Bearings Limited is https://www.bimite.co.in

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Bimetal Bearings Limited has risen by 16.47%.

  • How many employees does Bimetal Bearings Limited currently have?

    As Per 2023 financial reports, 355 employees are currently employed by Bimetal Bearings Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Bimetal Bearings Limited has experienced an upsurge of 4.10%.

  • What are the total open charges for Bimetal Bearings Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Bimetal Bearings Limited amount to ₹ 18.77 Cr.

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

    The most recent Balance Sheet for Bimetal Bearings Limited was filed with the ROC on 31 Mar 2024.

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