Binary Infotech Private Limited

IT company providing computer trading, partnerships with top brands, and hardware consultancy services.

1992 | Bangalore, Karnataka (India) | Active
Last Updated:

Binary Infotech Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 32 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 9.92 M
  • Revenue Growth 142.78%
  • Profit Growth 161.41%
  • Ebitda 17.91%
  • Net Worth 16.36%
  • Total Assets 10.82%

About Binary Infotech

Binary Infotech Private Limited (BIPL) is a Private Limited Indian Non-Government Company incorporated in India on 23 March 1992 and has a history of 32 years and 11 months. Its registered office is in Bangalore, Karnataka, India.

The Company is engaged in the Information Technology 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 2.50 M and a paid-up capital of Rs 1.00 M.

The company currently has active open charges totaling ₹9.92 M.

Harish Shetty and Vidya Shetty serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    binaryindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U30007KA1992PTC012975

  • Company No.

    012975

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Mar 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Binary Infotech?

Executive Team (1)

NameDesignationAppointment DateStatus
Vidya Shetty Country flag representing In Managing Director23-Mar-1992Current

Board Members (1)

NameDesignationAppointment DateStatus
Harish Shetty Country flag representing In Director 23-Mar-1992Current

Financial Performance of Binary Infotech.

Binary Infotech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 142.78% increase. The company also saw a substantial improvement in profitability, with a 161.41% increase in profit. The company's net worth Soared by an impressive increase of 16.36%.

Binary Infotech revenue growth over time
Binary Infotech 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
142.78%
Revenue from Operations
143.29%
Total Assets
10.82%
Profit or Loss
161.41%
Net Worth
16.36%
EBITDA
17.91%

What is the Ownership and Shareholding Structure of Binary Infotech?

In 2023, Binary Infotech had a promoter holding of 90.00% and a public holding of 10.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹9.92 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Canara Bank : 0.72 Cr
  • Uco Bank : 0.27 Cr

Latest Charge Details

DateLenderAmountStatus
19 Oct 2012Canara Bank₹7.20 MOpen
06 Jan 2003Uco Bank₹1.36 MOpen
06 Jan 1993Uco Bank₹1.36 MOpen

How Many Employees Work at Binary Infotech?

Binary Infotech has a workforce of 2 employees as of Mar 23, 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 Binary Infotech Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Binary Infotech, 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 Binary Infotech'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 Binary Infotech

Recent activity within the organization

  • Annual General Meeting

    Binary Infotech Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Binary Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with Canara Bank of Rs. 7.20 M registered on 19 Oct 2012 with Charge ID 10383042 was modified on 05 Jun 2020.

  • Charges

    A charge with Canara Bank amounted to Rs. 7.20 M with Charge ID 10383042 was registered on 19 Oct 2012.

  • Charges

    A charge with Uco Bank amounted to Rs. 1.36 M with Charge ID 90198226 was registered on 06 Jan 2003.

  • Charges

    A charge with Uco Bank amounted to Rs. 1.36 M with Charge ID 90196621 was registered on 06 Jan 1993.

Frequently asked questions

  • What is the Incorporation or founding date of Binary Infotech Private Limited?

    Binary Infotech Private Limited was incorporated on 23 Mar 1992.

  • What is authorized share capital and paid-up capital of Binary Infotech Private Limited?

    The authorized share capital of Binary Infotech Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.00 M.

  • Who are the current board members & directors of Binary Infotech Private Limited?

    Currently 2 directors are associated with Binary Infotech Private Limited.

    • Harish Kumar Shetty
    • Vidya Harish Shetty

  • What is the registered address of Binary Infotech Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Binary Infotech Private Limited is No. 18 Imperial Court Cunningham Road, Bangalore, Karnataka, India, 560032.

  • What is the corporate identification number (CIN) and company number of Binary Infotech Private Limited?

    The corporate identification number (CIN) of Binary Infotech Private Limited is U30007KA1992PTC012975 and the company number is 012975 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Binary Infotech Private Limited?

    The Official website of Binary Infotech Private Limited is https://www.binaryindia.com

  • What has been the recent revenue trend for Binary Infotech Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Binary Infotech Private Limited has risen by 142.78%.

  • How many employees does Binary Infotech Private Limited currently have?

    As Per 2023 financial reports, 2 employees are currently employed by Binary Infotech Private Limited.

  • What change has been observed in the net worth of Binary Infotech Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Binary Infotech Private Limited has experienced an upsurge of 16.36%.

  • What are the total open charges for Binary Infotech Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Binary Infotech Private Limited amount to ₹ 9.92 M.

  • When was the last Balance Sheet of Binary Infotech Private Limited filed with the ROC?

    The most recent Balance Sheet for Binary Infotech Private Limited was filed with the ROC on 31 Mar 2023.

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