Orbit Bearings (India) Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.50 M
- Company Age 35 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.00 Cr
- Revenue Growth 6.47%
- Profit Growth 15.35%
- Ebitda 23.17%
- Net Worth 16.40%
- Total Assets 12.86%
About Orbit Bearings (India)
Orbit Bearings (India) Pvt. Ltd. (OBIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 January 1990 and has a history of 35 years and one month. Its registered office is in Rajkot, Gujarat, 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 2.50 M and a paid-up capital of Rs 2.50 M.
The company currently has active open charges totaling ₹4.00 Cr.
Sanjay Varasada, Samir Patel, Vipul Patel, and Two other members serve as directors at the Company.
Company Details
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U29130GJ1990PTC013245
- Company No.
013245
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Jan 1990
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Machinery and Equipment
What products or services does Orbit Bearings (India) Pvt. Ltd. offer?
Orbit Bearings (India) Pvt. Ltd. offers a wide range of products and services, including Ball Bearings and Bearing Assemblies, Cylindrical Roller Bearing, Commercial Vehicle Spare Parts, Truck Parts, Automotive Bearings, Roller Bearings, Tapered Roller Bearings, Cylindrical Bearings.
Who are the key members and board of directors at Orbit Bearings (India)?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vipul Patel  | Managing Director | 16-Jan-1990 | Current |
| Pankaj Varasada | Managing Director | 16-Jan-1990 | Current |
| Vineshkumar Patel | Managing Director | 16-Jan-1990 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sanjay Varasada | Whole-Time Director | 25-Aug-2011 | Current |
| Samir Patel | Whole-Time Director | 25-Aug-2011 | Current |
Financial Performance of Orbit Bearings (India).
Orbit Bearings (India) Pvt. Ltd., for the financial year ended 2024, experienced modest growth in revenue, with a 6.47% increase. The company also saw a substantial improvement in profitability, with a 15.35% increase in profit. The company's net worth Soared by an impressive increase of 16.4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Orbit Bearings (India)?
In 2024, Orbit Bearings (India) had a promoter holding of 76.20% and a public holding of 23.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Orbit Urban Projects LlpSanjay Varasada, Samir Patel and 2 more are mutual person
- Orbit Heights Owners Association
Vipul Patel and Vineshkumar Patel are mutual person
- Orbit Fintrade Llp
Pankaj Varasada is a mutual person
- Skyhill Gardens Llp
Vineshkumar Patel is a mutual person
Charges (Loans)
Open Charges
₹40.00 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Idbi Bank Limited : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2010 | Idbi Bank Limited | ₹4.00 Cr | Open |
| 03 Feb 1997 | State Bank Of Saurashtra | ₹0.00 | Satisfied |
| 25 Jan 1996 | State Bank Of Saurashtra | ₹0.00 | Satisfied |
| 25 Jan 1996 | State Bank Of Saurashtra | ₹0.00 | Satisfied |
| 04 Jun 1990 | State Bank Of Saurashtra | ₹0.00 | Satisfied |
How Many Employees Work at Orbit Bearings (India)?
Orbit Bearings (India) has a workforce of 951 employees as of Jan 19, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Orbit Bearings (India), 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 Orbit Bearings (India)'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 Orbit Bearings (India)
Recent activity within the organization
- Annual General Meeting
Orbit Bearings (India) Pvt. Ltd. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Orbit Bearings (India) Pvt. Ltd. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Idbi Bank Limited of Rs. 40.00 M registered on 27 Sep 2010 with Charge ID 10248088 was modified on 02 Mar 2022.
- Director Appointment
Sanjay Maganlal Varasada was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 25 Aug 2011 & has been associated with this company since 13 years 6 months .
- Director Appointment
Samir Rasiklal Patel was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 25 Aug 2011 & has been associated with this company since 13 years 6 months .
- Charges
A charge with Idbi Bank Limited amounted to Rs. 40.00 M with Charge ID 10248088 was registered on 27 Sep 2010.
Frequently asked questions
What is the Incorporation or founding date of Orbit Bearings (India) Pvt. Ltd.?
Orbit Bearings (India) Pvt. Ltd. was incorporated on 16 Jan 1990.
What is authorized share capital and paid-up capital of Orbit Bearings (India) Pvt. Ltd.?
The authorized share capital of Orbit Bearings (India) Pvt. Ltd. is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.
Who are the current board members & directors of Orbit Bearings (India) Pvt. Ltd.?
Currently 5 directors are associated with Orbit Bearings (India) Pvt. Ltd..
- Sanjay Maganlal Varasada
- Samir Rasiklal Patel
- Vipul Babulal Patel
- Pankaj Maganlal Varasada
- Vineshkumar Babulal Patel
What is the registered address of Orbit Bearings (India) Pvt. Ltd.?
As per Ministry of Corporate Affairs (Mca), the registered address of Orbit Bearings (India) Pvt. Ltd. is Plot No. 2233 - 2235 A And B Gidc Lodhika Kalawad Road, At. Metoda India, Rajkot, Gujarat, 360021.
What is the corporate identification number (CIN) and company number of Orbit Bearings (India) Pvt. Ltd.?
The corporate identification number (CIN) of Orbit Bearings (India) Pvt. Ltd. is U29130GJ1990PTC013245 and the company number is 013245 as per Ministry of Corporate Affairs (MCA).
What is the official website of Orbit Bearings (India) Pvt. Ltd.?
The Official website of Orbit Bearings (India) Pvt. Ltd. is https://www.orbitbearings.com
What has been the recent revenue trend for Orbit Bearings (India) Pvt. Ltd.?
According to the financial reports for the fiscal year 2024, the revenue trend for Orbit Bearings (India) Pvt. Ltd. has risen by 6.47%.
How many employees does Orbit Bearings (India) Pvt. Ltd. currently have?
As Per 2024 financial reports, 951 employees are currently employed by Orbit Bearings (India) Pvt. Ltd..
What change has been observed in the net worth of Orbit Bearings (India) Pvt. Ltd., and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Orbit Bearings (India) Pvt. Ltd. has experienced an upsurge of 16.40%.
What are the total open charges for Orbit Bearings (India) Pvt. Ltd.?
As per the financial statements for fiscal Year 2024, The total open charges for Orbit Bearings (India) Pvt. Ltd. amount to ₹ 4.00 Cr.
When was the last Balance Sheet of Orbit Bearings (India) Pvt. Ltd. filed with the ROC?
The most recent Balance Sheet for Orbit Bearings (India) Pvt. Ltd. was filed with the ROC on 31 Mar 2024.