Binary Solutions Private Limited

IT solutions and services company offering computer trading, repair, consulting, and support to various industries.

1998 | Kolkata, West Bengal (India) | Active
Last Updated: October 04, 2024

Binary Solutions Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 3.53 M
  • Company Age 26 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 8.35 Cr
  • Revenue Growth 32.77%
  • Profit Growth -9.13%
  • Ebitda -1502.99%
  • Net Worth 13.42%
  • Total Assets 39.05%

About Binary Solutions

Binary Solutions Private Limited (BSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 March 1998 and has a history of 26 years and ten months. Its registered office is in Kolkata, West Bengal, 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 5.00 M and a paid-up capital of Rs 3.53 M.

The company currently has active open charges totaling ₹8.35 Cr.

Surinder Goel and Anjali Goel serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    binary.co.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74120WB1998PTC086774

  • Company No.

    086774

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Mar 1998

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Information Technology

What products or services does Binary Solutions Private Limited offer?

Binary Solutions Private Limited offers a wide range of products and services, including Electrical & Electronic Goods Rental, Electronic Equipment Rental, Business Consultant, Facility Management Services, Manpower Service, Contract Staffing Agency, HR Consultancy Services, Placement Service, Software Development Services, Embedded Software Services.

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

Board Members (2)

Name Designation Appointment Date Status
Surinder Goel Country flag representing In Director 18-Mar-1998 Current
Anjali Goel Country flag representing In Director 14-Dec-1998 Current

Financial Performance of Binary Solutions.

Binary Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.77% increase. The company also saw a slight decrease in profitability, with a 9.13% decrease in profit. The company's net worth Soared by an impressive increase of 13.42%.

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
32.77%
Revenue from Operations
33.11%
Total Assets
39.05%
Profit or Loss
-9.13%
Net Worth
13.42%
EBITDA
-1502.99%

What is the Ownership and Shareholding Structure of Binary Solutions?

In 2023, Binary Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹83.50 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Yes Bank Limited : 5.50 Cr
  • Bank Of Baroda : 2.85 Cr

Latest Charge Details

Date Lender Amount Status
09 Feb 2023 Yes Bank Limited ₹5.50 Cr Open
29 Apr 2013 Bank Of Baroda ₹1.24 Cr Open
24 Jan 2001 Bank Of Baroda ₹1.61 Cr Open

How Many Employees Work at Binary Solutions?

Binary Solutions has a workforce of 271 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

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

    31 Mar 2023

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 55.00 M with Charge ID 100688260 was registered on 09 Feb 2023.

    09 Feb 2023

  • Charges

    A charge with Bank Of Baroda amounted to Rs. 12.40 M with Charge ID 10427486 was registered on 29 Apr 2013.

    29 Apr 2013

  • Charges

    A charge with Bank Of Baroda of Rs. 16.10 M registered on 24 Jan 2001 with Charge ID 80034329 was modified on 24 Dec 2012.

    24 Dec 2012

  • Charges

    A charge with Bank Of Baroda amounted to Rs. 16.10 M with Charge ID 80034329 was registered on 24 Jan 2001.

    24 Jan 2001

Frequently asked questions

  • Binary Solutions Private Limited was incorporated on 18 Mar 1998.

  • The authorized share capital of Binary Solutions Private Limited is ₹ 5.00 M and paid-up capital is ₹ 3.53 M.

  • Currently 2 directors are associated with Binary Solutions Private Limited.

    • Surinder Goel
    • Anjali Goel
  • As per Ministry of Corporate Affairs (Mca), the registered address of Binary Solutions Private Limited is 2 Circus Market Place, Kolkata, West Bengal, India, 700017.

  • The corporate identification number (CIN) of Binary Solutions Private Limited is U74120WB1998PTC086774 and the company number is 086774 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Binary Solutions Private Limited is https://www.binary.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Binary Solutions Private Limited has risen by 32.77%.

  • As Per 2023 financial reports, 271 employees are currently employed by Binary Solutions Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Binary Solutions Private Limited has experienced an upsurge of 13.42%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Binary Solutions Private Limited amount to ₹ 8.35 Cr.

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