Dual Rings Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 7.27 M
- Company Age 33 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 24.35 Cr
- Satisfied Charges ₹ 13.55 Cr
- Revenue Growth 23.22%
- Profit Growth 292.55%
- Ebitda -6.28%
- Net Worth 3.80%
- Total Assets -8.31%
About Dual Rings
Dual Rings Pvt Ltd (DRPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 August 1991 and has a history of 33 years and six months. Its registered office is in Rangareddy, Telangana, India.
The Company is engaged in the Machinery And Equipment 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 1.00 Cr and a paid-up capital of Rs 7.27 M.
The company currently has active open charges totaling ₹24.35 Cr. The company has closed loans amounting to ₹13.55 Cr, as per Ministry of Corporate Affairs (MCA) records.
Malahala Kotte and Ramachandra Veeramachaneni serve as directors at the Company.
Company Details
- Location
Rangareddy, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29309TG1991PTC013113
- Company No.
013113
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Aug 1991
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Machinery and Equipment
What products or services does Dual Rings Pvt Ltd offer?
Dual Rings Pvt Ltd offers a wide range of products and services, including Ball Bearing Assemblies & Components, Bearing Parts, Forgings, Forging Parts & Supplies, Forgings, Tyre, Tube & Flaps, Tyre Accessories, Forged Components, Nuts, Metal Nuts, Bushings.
Dual Rings Pvt Ltd
Explore comprehensive data for Dual Rings Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Dual Rings?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramachandra Veeramachaneni  | Managing Director | 22-Aug-1991 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Malahala Kotte | Director | 22-Aug-1991 | Current |
Financial Performance of Dual Rings.
Dual Rings Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 23.22% increase. The company also saw a substantial improvement in profitability, with a 292.55% increase in profit. The company's net worth moved up by a moderate rise of 3.8%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Dual Rings?
In 2023, Dual Rings had a promoter holding of 96.15% and a public holding of 3.85%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
True Rings India Private LimitedRamachandra Veeramachaneni is a mutual person
Charges (Loans)
Open Charges
₹24.35 Cr
Satisfied Charges
₹13.55 Cr
Charges Breakdown by Lending Institutions
- Others : 14.06 Cr
- Sidbi : 5.90 Cr
- Andhra Pradesh State Financial Corporation : 2.94 Cr
- A.P. State Financial Corporation : 1.23 Cr
- Hdfc Bank Limited : 0.22 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Oct 2024 | Sidbi | ₹2.00 Cr | Open |
| 27 Mar 2024 | Hdfc Bank Limited | ₹1.19 M | Open |
| 14 Dec 2023 | Hdfc Bank Limited | ₹1.00 M | Open |
| 31 Mar 2022 | Others | ₹7.50 M | Open |
| 23 Nov 2021 | Sidbi | ₹3.00 M | Open |
How Many Employees Work at Dual Rings?
Dual Rings has a workforce of 64 employees as of Apr 04, 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 Dual Rings, 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 Dual Rings'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.
Latest Updates, News, and FAQs on Dual Rings
Recent activity within the organization
- Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 100988920 was registered on 18 Oct 2024.
- Annual General Meeting
Dual Rings Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Dual Rings Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 100933679 was registered on 27 Mar 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100863049 was registered on 14 Dec 2023.
- Charges
A charge registered on 07 Dec 2017 via Charge ID 100139403 with Others was fully satisfied on 19 May 2023.
Frequently asked questions
What is the Incorporation or founding date of Dual Rings Pvt Ltd?
Dual Rings Pvt Ltd was incorporated on 22 Aug 1991.
What is authorized share capital and paid-up capital of Dual Rings Pvt Ltd?
The authorized share capital of Dual Rings Pvt Ltd is ₹ 1.00 Cr and paid-up capital is ₹ 7.27 M.
Who are the current board members & directors of Dual Rings Pvt Ltd?
Currently 2 directors are associated with Dual Rings Pvt Ltd.
- Malahala Rao Kotte
- Ramachandra Rao Veeramachaneni
What is the registered address of Dual Rings Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Dual Rings Pvt Ltd is Plot No. 28-1-13/B, Road No.15 Ida Nacharam India, Hyderabad, Telangana, 500076.
What is the corporate identification number (CIN) and company number of Dual Rings Pvt Ltd?
The corporate identification number (CIN) of Dual Rings Pvt Ltd is U29309TG1991PTC013113 and the company number is 013113 as per Ministry of Corporate Affairs (MCA).
What is the official website of Dual Rings Pvt Ltd?
The Official website of Dual Rings Pvt Ltd is https://www.dualrings.com
What has been the recent revenue trend for Dual Rings Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Dual Rings Pvt Ltd has risen by 23.22%.
How many employees does Dual Rings Pvt Ltd currently have?
As Per 2023 financial reports, 64 employees are currently employed by Dual Rings Pvt Ltd.
What change has been observed in the net worth of Dual Rings Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Dual Rings Pvt Ltd has experienced an upsurge of 3.80%.
What are the total open charges for Dual Rings Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Dual Rings Pvt Ltd amount to ₹ 24.35 Cr.
When was the last Balance Sheet of Dual Rings Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Dual Rings Pvt Ltd was filed with the ROC on 31 Mar 2024.
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