Dual Rings Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 7.27 M
- Company Age 33 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 22.35 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 five months. Its registered office is in Hyderabad, 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 2023. 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 ₹22.35 Cr. The company has closed loans amounting to ₹13.55 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ramachandra Veeramachaneni, Ramakrishna Veeramachaneni, and Malahala Kotte serve as directors at the Company.
Company Details
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Location
Hyderabad, Telangana, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U29309TG1991PTC013113
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Company No.
013113
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Aug 1991
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
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.
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 (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ramakrishna Veeramachaneni
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Director | 01-Mar-2001 | Current |
|
Malahala Kotte
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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%.
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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)
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True Rings India Private LimitedRamachandra Veeramachaneni is a mutual person
Charges (Loans)
₹22.35 Cr
₹13.55 Cr
Charges Breakdown by Lending Institutions
- Others : 14.06 Cr
- Sidbi : 3.90 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 |
|---|---|---|---|
| 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 |
| 15 Sep 2020 | Others | ₹1.26 Cr | 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.
