Binary Systems Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.70 Cr
- Company Age 38 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 19.53 Cr
- Satisfied Charges ₹ 18.97 Cr
- Revenue Growth -8.37%
- Profit Growth -57.77%
- Ebitda -12.03%
- Net Worth 2.02%
- Total Assets 17.38%
About Binary Systems
Binary Systems Private Limited (BSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 October 1986 and has a history of 38 years and three months. Its registered office is in Bangalore, Karnataka.
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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.70 Cr.
The company currently has active open charges totaling ₹19.53 Cr. The company has closed loans amounting to ₹18.97 Cr, as per Ministry of Corporate Affairs (MCA) records.
Harish Shetty and Vidya Shetty serve as directors at the Company.
Company Details
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LocationBangalore, Karnataka
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U80903KA1986PTC007846
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Company No.
007846
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
13 Oct 1986
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
What products or services does Binary Systems Private Limited offer?
Binary Systems Private Limited offers a wide range of products and services, including Computer Parts, Computer Peripherals, Office Automation Products & Devices, Xerox Machines, Photo And Design Software, Adobe Software, Application Software Packages, Antivirus Software, Network Switch, D-Link Network Switch.
Who are the key members and board of directors at Binary Systems?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vidya Shetty
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Managing Director | 13-Oct-1986 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Harish Shetty
|
Director | 20-May-1987 | Current |
Financial Performance of Binary Systems.
Binary Systems Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.37% decrease. The company also saw a substantial fall in profitability, with a 57.77% decrease in profit. The company's net worth moved up by a moderate rise of 2.02%.
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What is the Ownership and Shareholding Structure of Binary Systems?
In 2023, Binary Systems had a promoter holding of 57.06% and a public holding of 42.94%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Touche Golf Club Private LimitedHarish Shetty is a mutual person
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Touche Golf Sports Private LimitedHarish Shetty is a mutual person
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Binary Infotech Private LimitedHarish Shetty and Vidya Shetty are mutual person
Charges (Loans)
₹19.53 Cr
₹18.97 Cr
Charges Breakdown by Lending Institutions
- Others : 11.10 Cr
- Deutsche Bank Ag : 7.70 Cr
- Hdfc Bank Limited : 0.38 Cr
- Uco Bank : 0.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2023 | Hdfc Bank Limited | ₹2.12 M | Open |
| 27 Apr 2021 | Hdfc Bank Limited | ₹1.66 M | Open |
| 20 Apr 2015 | Others | ₹11.10 Cr | Open |
| 20 Apr 2015 | Deutsche Bank Ag | ₹7.70 Cr | Open |
| 20 Apr 2001 | Uco Bank | ₹3.50 M | Open |
How Many Employees Work at Binary Systems?
Binary Systems has a workforce of 47 employees as of Sep 03, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Binary Systems, 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 Systems's trajectory.
Rating
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
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.
