Binary Systems Private Limited

Distributor of IT, telecom, and office automation products and services, including networking, security, and software solutions.

1986 | Bangalore, Karnataka (India) | Active
Last Updated:

Binary Systems Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.70 Cr
  • Company Age 38 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 19.53 Cr
  • Satisfied Charges ₹ 18.97 Cr
  • Revenue Growth 56.11%
  • Profit Growth 228.94%
  • Ebitda -17.09%
  • Net Worth 5.64%
  • Total Assets -13.41%

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 four 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

  • Location Bangalore, Karnataka
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    binaryindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U80903KA1986PTC007846

  • Company No.

    007846

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Oct 1986

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

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)

NameDesignationAppointment DateStatus
Vidya Shetty Country flag representing In Managing Director13-Oct-1986Current

Board Members (1)

NameDesignationAppointment DateStatus
Harish Shetty Country flag representing In Director 20-May-1987Current

Financial Performance of Binary Systems.

Binary Systems Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 56.11% increase. The company also saw a substantial improvement in profitability, with a 228.94% increase in profit. The company's net worth moved up by a moderate rise of 5.64%.

Binary Systems revenue growth over time
Binary Systems 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
56.11%
Revenue from Operations
56.01%
Total Assets
-13.41%
Profit or Loss
228.94%
Net Worth
5.64%
EBITDA
-17.09%

What is the Ownership and Shareholding Structure of Binary Systems?

In 2024, 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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹19.53 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
31 Mar 2023Hdfc Bank Limited₹2.12 MOpen
27 Apr 2021Hdfc Bank Limited₹1.66 MOpen
20 Apr 2015Others₹11.10 CrOpen
20 Apr 2015Deutsche Bank Ag₹7.70 CrOpen
20 Apr 2001Uco Bank₹3.50 MOpen

How Many Employees Work at Binary Systems?

Binary Systems has a workforce of 56 employees as of Feb 20, 2025. 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 Systems Private Limited

Deals i

Graph showing company valuation over time

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

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 Systems

Recent activity within the organization

  • Annual General Meeting

    Binary Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Binary Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100749376 was registered on 31 Mar 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100459009 was registered on 27 Apr 2021.

  • Charges

    A charge with Others of Rs. 11.10 Cr registered on 20 Apr 2015 with Charge ID 100045791 was modified on 04 Nov 2019.

  • Charges

    A charge registered on 30 Nov 2011 via Charge ID 10324005 with Uco Bank was fully satisfied on 07 Apr 2016.

Frequently asked questions

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

    Binary Systems Private Limited was incorporated on 13 Oct 1986.

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

    The authorized share capital of Binary Systems Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.70 Cr.

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

    Currently 2 directors are associated with Binary Systems Private Limited.

    • Harish Kumar Shetty
    • Vidya Harish Shetty

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Binary Systems Private Limited is No.18, Imperial Court Cunningham Road India, Bangalore, Karnataka, 560052.

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

    The corporate identification number (CIN) of Binary Systems Private Limited is U80903KA1986PTC007846 and the company number is 007846 as per Ministry of Corporate Affairs (MCA).

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

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

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

    According to the financial reports for the fiscal year 2024, the revenue trend for Binary Systems Private Limited has risen by 56.11%.

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

    As Per 2024 financial reports, 56 employees are currently employed by Binary Systems Private Limited.

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

    The financial reports for the fiscal year 2024 indicates that The net worth of Binary Systems Private Limited has experienced an upsurge of 5.64%.

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

    As per the financial statements for fiscal Year 2024, The total open charges for Binary Systems Private Limited amount to ₹ 19.53 Cr.

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

    The most recent Balance Sheet for Binary Systems Private Limited was filed with the ROC on 31 Mar 2024.

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