Galaxy Bearings Limited

Produces high-quality bearings and axle spare parts for various industries, with a large manufacturing capacity.

1990 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Galaxy Bearings Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.18 Cr
  • Company Age 34 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 42.00 Cr
  • Satisfied Charges ₹ 15.58 Cr
  • Revenue Growth 14.84%
  • Profit Growth 20.03%
  • Ebitda 14.11%
  • Net Worth 27.03%
  • Total Assets 29.72%

About Galaxy Bearings

Galaxy Bearings Limited (GBL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 September 1990 and has a history of 34 years and seven months. Its registered office is in Ahmedabad, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526073.

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 5.00 Cr and a paid-up capital of Rs 3.18 Cr.

The company currently has active open charges totaling ₹42.00 Cr. The company has closed loans amounting to ₹15.58 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Galaxy Bearings Limited India are Dixit Patel as CFO and Sharma Jamansahay as Company Secretary. Bharatkumar Ghodasara, Devang Gor, Kartik Patel, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29120GJ1990PLC014385

  • Company No.

    014385

  • Stock Symbol

    BSE : 526073

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Sep 1990

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment

What products or services does Galaxy Bearings Limited offer?

Galaxy Bearings Limited offers a wide range of products and services, including Automobile Fittings & Components, Automotive Spare Parts, Ball Bearings and Bearing Assemblies, Cylindrical Roller Bearing, Ball Bearings, Roller Bearings, Tapered Roller Bearings.

Company report

Galaxy Bearings Limited

Explore comprehensive data for Galaxy Bearings Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Galaxy Bearings?

Executive Team (2)

NameDesignationAppointment DateStatus
Dixit Patel Country flag representing In CFO01-Oct-2014Current
Sharma Jamansahay Company Secretary10-Jun-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Bharatkumar Ghodasara Country flag representing In Whole-Time Director 28-Mar-1994Current
Devang Gor Country flag representing Us Director 10-Aug-2019Current
Kartik Patel Country flag representing In Director 10-Aug-2023Current
Deepa Shah Country flag representing In Director 10-Aug-2023Current
Bera Rimal Country flag representing Us Director 08-Jan-2015Current
Shetal Gor Country flag representing Us Director 08-Jan-2015Current

Financial Performance of Galaxy Bearings.

Galaxy Bearings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.84% increase. The company also saw a substantial improvement in profitability, with a 20.03% increase in profit. The company's net worth Soared by an impressive increase of 27.03%.

Galaxy Bearings revenue growth over time
Galaxy Bearings 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
14.84%
Revenue from Operations
14.02%
Total Assets
29.72%
Profit or Loss
20.03%
Net Worth
27.03%
EBITDA
14.11%

What is the Ownership and Shareholding Structure of Galaxy Bearings?

In 2023, Galaxy Bearings had a promoter holding of 53.96% and a public holding of 46.04%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹42.00 Cr

Satisfied Charges

₹15.58 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 42.00 Cr

Latest Charge Details

DateLenderAmountStatus
02 Aug 2010State Bank Of India₹21.00 CrOpen
27 Jul 2010State Bank Of India₹21.00 CrOpen
07 Jun 2006Bank Of Baroda₹7.27 CrSatisfied
21 Apr 1999Bank Of Baroda₹7.00 MSatisfied
03 Nov 1993Bank Of Baroda₹7.27 CrSatisfied

How Many Employees Work at Galaxy Bearings?

Galaxy Bearings has a workforce of 215 employees as of Apr 11, 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.

Employee growth trends for Galaxy Bearings Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Galaxy Bearings, 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 Galaxy Bearings'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 Galaxy Bearings

Recent activity within the organization

  • Annual General Meeting

    Galaxy Bearings Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Director Appointment

    Sharma Mona Shree Jamansahay was appointed as a Company Secretary was appointed as a Company Secretary on 10 Jun 2024 & has been associated with this company since 11 months 4 days .

  • Balance Sheet

    Galaxy Bearings Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Kartik Kumar Vinodchandra Patel was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 1 year 9 months .

  • Director Appointment

    Deepa Shah was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 1 year 9 months .

  • Director Appointment

    Devang Mahesh Gor was appointed as a Director was appointed as a Director on 10 Aug 2019 & has been associated with this company since 5 years 9 months .

Recent News, Updates & Announcement

  • Galaxy Bearings news update on market trends
    Galaxy Bearings: Outcome of board meeting.

    Submission of Unaudited Financial Results (Standalone) for the quarter ended on 31st December, 2016. We wish to inform you that at its meeting held on today the Board of Directors of the Company approved the Unaudited Financial Results (standalone) for the Quarter ended on 31st December, 2016..

    Moneycontrol

Frequently asked questions

  • What is the Incorporation or founding date of Galaxy Bearings Limited?

    Galaxy Bearings Limited was incorporated on 19 Sep 1990.

  • What is authorized share capital and paid-up capital of Galaxy Bearings Limited?

    The authorized share capital of Galaxy Bearings Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.18 Cr.

  • Who are the current board members & directors of Galaxy Bearings Limited?

    Currently 8 directors are associated with Galaxy Bearings Limited.

    • Bharatkumar Keshavji Ghodasara
    • Devang Mahesh Gor
    • Kartik Kumar Vinodchandra Patel
    • Dixit Sureshbhai Patel
    • Sharma Mona Shree Jamansahay
    • Deepa Shah
    • Bera Tuhina Rimal
    • Shetal Devang Gor

  • What is the registered address of Galaxy Bearings Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Galaxy Bearings Limited is A-53/54 5Th Floor Pariseema Complex C.G. Road Ellisbridge, India, Ahmedabad, Gujarat, 380006.

  • What is the corporate identification number (CIN) and company number of Galaxy Bearings Limited?

    The corporate identification number (CIN) of Galaxy Bearings Limited is L29120GJ1990PLC014385 and the company number is 014385 as per Ministry of Corporate Affairs (MCA).

  • Is Galaxy Bearings Limited registered with any stock exchange in India?

    Yes, Galaxy Bearings Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Galaxy Bearings Limited?

    The Official website of Galaxy Bearings Limited is https://www.galaxybearings.com

  • What has been the recent revenue trend for Galaxy Bearings Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Galaxy Bearings Limited has risen by 14.84%.

  • How many employees does Galaxy Bearings Limited currently have?

    As Per 2023 financial reports, 215 employees are currently employed by Galaxy Bearings Limited.

  • What change has been observed in the net worth of Galaxy Bearings Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Galaxy Bearings Limited has experienced an upsurge of 27.03%.

  • What are the total open charges for Galaxy Bearings Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Galaxy Bearings Limited amount to ₹ 42.00 Cr.

  • When was the last Balance Sheet of Galaxy Bearings Limited filed with the ROC?

    The most recent Balance Sheet for Galaxy Bearings Limited was filed with the ROC on 31 Mar 2024.

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