Binani Industries Limited

Manufacturer and supplier of fiber glass and related products, including minerals, metals, and alloys.

1962 | North 24 Parganas, West Bengal (India) | Active
Last Updated: October 04, 2024

Binani Industries Profile

Key Indicators

  • Authorised Capital ₹ 160.00 Cr
  • Paid Up Capital ₹ 154.35 Cr
  • Company Age 62 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3,033.16 Cr
  • Satisfied Charges ₹ 146.30 Cr
  • Revenue Growth -41.41%
  • Profit Growth -10935.98%
  • Ebitda -74762.79%
  • Net Worth -108.67%
  • Total Assets -54.23%

About Binani Industries

Binani Industries Limited (BIL) was founded in India on 02 August 1962 and has a glorious history of 62 years and six months.Its registered office is in North 24 Parganas, West Bengal, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500059.

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 160.00 Cr and a paid-up capital of Rs 154.35 Cr.

The company currently has active open charges totaling ₹3,033.16 Cr. The company has closed loans amounting to ₹146.30 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Binani Industries Limited India are Archana Shroff as CFO and Santwana Todi as Company Secretary. Rajesh Bagri, Manoj Shroff, Milin Ramani, and Four other members serve as directors at the Company.

Company Details

  • Location

    North 24 Parganas, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    binaniindustries.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L24117WB1962PLC025584

  • Company No.

    025584

  • Stock Symbol

    BSE : 500059

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Aug 1962

  • Date of AGM

    26 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Kolkata

Industry

Manufacturing

What products or services does Binani Industries Limited offer?

Binani Industries Limited offers a wide range of products and services, including Software Development & IT Consultant, Resource Management Systems, PVC, FRP, HDPE & Other Plastic Pipes, Industrial FRP Pipe, Cement, Material Testing Labs & Services, Environmental Testing Services, Payment Processing Service, Online Payment Solution, Portland Cement.

Who are the key members and board of directors at Binani Industries?

Executive Team (2)

NameDesignationAppointment DateStatus
Archana Shroff Country flag representing In Managing Director19-Feb-2024Current
Santwana Todi Country flag representing In Company Secretary19-Jan-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Rajesh Bagri Country flag representing In Director 26-Apr-2018Current
Manoj Shroff Country flag representing In Director 04-Feb-2022Current
Milin Ramani Country flag representing In Director 28-Apr-2023Current
Sanjib Maity Country flag representing In Director 04-Feb-2022Current
Pradyut Meyur Country flag representing In Director 04-Feb-2022Current
Pankti Poojari Country flag representing In Director 28-Apr-2023Current

Financial Performance of Binani Industries.

Binani Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 41.41% decrease. The company also saw a substantial fall in profitability, with a 10935.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 108.67%.

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
-41.41%
Revenue from Operations
18.67%
Total Assets
-54.23%
Profit or Loss
-10935.98%
Net Worth
-108.67%
EBITDA
-74762.79%

What is the Ownership and Shareholding Structure of Binani Industries?

In 2023, Binani Industries had a promoter holding of 52.62% and a public holding of 47.39%. 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

₹3,033.16 Cr

Satisfied Charges

₹146.30 Cr

Charges Breakdown by Lending Institutions

  • Central Bank Of India : 3000.89 Cr
  • The Indusiand Bank Limited : 19.85 Cr
  • Bank Of Baroda : 3.68 Cr
  • The Industrial Crdit & Investment Co. Of India Ltd. : 2.75 Cr
  • State Bank Of Travancore : 2.00 Cr
  • Others : 3.99 Cr

Latest Charge Details

DateLenderAmountStatus
25 Feb 2015Central Bank Of India₹3,000.89 CrOpen
31 Aug 1999The Indusiand Bank Limited₹19.85 CrOpen
09 Feb 1987Industrial Finance Corporation Of India₹1.14 CrOpen
06 Oct 1986State Bank Of Travancore₹2.00 CrOpen
15 Feb 1985Industrial Reconstruction Bank Of India₹1.50 CrOpen

How Many Employees Work at Binani Industries?

Unlock and access historical data on people associated with Binani Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Binani Industries, 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 Binani Industries'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 Binani Industries

Recent activity within the organization

  • Director Appointment

    Archana Manoj Shroff was appointed as a Managing Director was appointed as a Managing Director on 19 Feb 2024 & has been associated with this company since 1 year 2 days .

    19 Feb 2024

  • Director Appointment

    Archana Manoj Shroff was appointed as a Cfo was appointed as a Cfo on 19 Feb 2024 & has been associated with this company since 1 year 2 days .

    19 Feb 2024

  • Director Appointment

    Santwana Todi was appointed as a Company Secretary was appointed as a Company Secretary on 19 Jan 2024 & has been associated with this company since 1 year 1 month .

    19 Jan 2024

  • Annual General Meeting

    Binani Industries Limited last Annual general meeting of members was held on 26 Sep 2023 as per latest MCA records.

    26 Sep 2023

  • Director Appointment

    Milin Jagdish Ramani was appointed as a Director was appointed as a Director on 28 Apr 2023 & has been associated with this company since 1 year 9 months .

    28 Apr 2023

  • Balance Sheet

    Binani Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Binani Industries Limited was incorporated on 02 Aug 1962.

  • The authorized share capital of Binani Industries Limited is ₹ 160.00 Cr and paid-up capital is ₹ 154.35 Cr.

  • Currently 9 directors are associated with Binani Industries Limited.

    • Rajesh Kumar Bagri
    • Manoj Thakorlal Shroff
    • Milin Jagdish Ramani
    • Sanjib Maity
    • Pradyut Meyur
    • Pankti Yogesh Patel Poojari
    • Archana Manoj Shroff
    • Archana Manoj Shroff
    • Santwana Todi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Binani Industries Limited is 37/2 Chinar Park New Town Rajarhat Main Road, P.O. Hatiara, Kolkata, West Bengal, India, 700157.

  • The corporate identification number (CIN) of Binani Industries Limited is L24117WB1962PLC025584 and the company number is 025584 as per Ministry of Corporate Affairs (MCA).

  • Yes, Binani Industries Limited is registered on Bombay Stock Exchange (BSE).

  • The Official website of Binani Industries Limited is https://www.binaniindustries.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Binani Industries Limited has fallen by -41.41%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Binani Industries Limited has experienced an downturn of -108.67%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Binani Industries Limited amount to ₹ 3,033.16 Cr.

  • The most recent Balance Sheet for Binani Industries Limited was filed with the ROC on 31 Mar 2023.

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