Premier India Bearings Ltd

Trades bearings and related products for various industries across India.

1988 | Kolkata, West Bengal (India) | Active
Last Updated:

Premier India Bearings Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.85 Cr
  • Company Age 36 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 34.66 Cr
  • Satisfied Charges ₹ 36.74 Cr
  • Revenue Growth 5.40%
  • Profit Growth 10.18%
  • Ebitda 6.78%
  • Net Worth 13.12%
  • Total Assets 17.08%

About Premier India Bearings

Premier India Bearings Ltd (PIBL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 October 1988 and has a history of 36 years and six months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Premier India Bearings Pvt Ltd. The Company is engaged in the Engineering 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 6.00 Cr and a paid-up capital of Rs 5.85 Cr.

The company currently has active open charges totaling ₹34.66 Cr. The company has closed loans amounting to ₹36.74 Cr, as per Ministry of Corporate Affairs (MCA) records.

Chain Chindalia, Surendra Choraria, Vijaya Sethia, and Two other members serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109WB1988PLC045316

  • Company No.

    045316

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Oct 1988

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Engineering

What products or services does Premier India Bearings Ltd offer?

Premier India Bearings Ltd offers a wide range of products and services, including Measurement Gauges & Gauge Fittings, Thickness Gauge, Ball Bearings and Bearing Assemblies, Ball Bearings, Material Testing Labs & Services, Oil Testing Services, Roller Bearings, Bedroom Furniture & Bedroom Sets, Beds, Plain Bearings.

Company report

Premier India Bearings Ltd

Explore comprehensive data for Premier India Bearings Ltd, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (5)

NameDesignationAppointment DateStatus
Surendra Choraria Country flag representing In Director 30-Jan-1989Current
Chain Chindalia Country flag representing In Director 27-Apr-1989Current
Vijaya Sethia Country flag representing In Director 27-Apr-1989Current
Sulekha Dutta Country flag representing In Director 13-Jun-2018Current
Om Sharma Country flag representing In Director 13-Jun-2018Current

Financial Performance of Premier India Bearings.

Premier India Bearings Ltd, for the financial year ended 2024, experienced modest growth in revenue, with a 5.4% increase. The company also saw a substantial improvement in profitability, with a 10.18% increase in profit. The company's net worth Soared by an impressive increase of 13.12%.

Premier India Bearings revenue growth over time
Premier India 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
5.40%
Revenue from Operations
5.54%
Total Assets
17.08%
Profit or Loss
10.18%
Net Worth
13.12%
EBITDA
6.78%

What is the Ownership and Shareholding Structure of Premier India Bearings?

In 2023, Premier India Bearings had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹34.66 Cr

Satisfied Charges

₹36.74 Cr

Charges Breakdown by Lending Institutions

  • Bank Of Baroda : 31.85 Cr
  • Others : 2.63 Cr
  • Hdfc Bank Limited : 0.18 Cr

Latest Charge Details

DateLenderAmountStatus
30 Mar 2023Others₹1.70 MOpen
28 Dec 2020Hdfc Bank Limited₹1.75 MOpen
31 Jul 2017Others₹2.46 CrOpen
20 Jun 2003Bank Of Baroda₹24.85 CrOpen
22 Aug 2002Bank Of Baroda₹7.00 CrOpen

How Many Employees Work at Premier India Bearings?

Premier India Bearings has a workforce of 56 employees as of Jan 25, 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 Premier India Bearings Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Premier India 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 Premier India 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 Premier India Bearings

Recent activity within the organization

  • Annual General Meeting

    Premier India Bearings Ltd last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 09 Feb 2021 via Charge ID 100417322 with Others was fully satisfied on 24 Sep 2024.

  • Balance Sheet

    Premier India Bearings Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

  • Charges

    A charge registered on 31 Jul 2020 via Charge ID 100389686 with Axis Bank Limited was fully satisfied on 23 Feb 2024.

  • Charges

    A charge registered on 31 Aug 2016 via Charge ID 100055354 with Axis Bank Limited was fully satisfied on 19 Feb 2024.

  • Charges

    A charge registered on 04 Jun 2012 via Charge ID 10359826 with Hdfc Bank Limited was fully satisfied on 16 Feb 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Premier India Bearings Ltd?

    Premier India Bearings Ltd was incorporated on 03 Oct 1988.

  • What is authorized share capital and paid-up capital of Premier India Bearings Ltd?

    The authorized share capital of Premier India Bearings Ltd is ₹ 6.00 Cr and paid-up capital is ₹ 5.85 Cr.

  • Who are the current board members & directors of Premier India Bearings Ltd?

    Currently 5 directors are associated with Premier India Bearings Ltd.

    • Chain Roop Chindalia
    • Surendra Kumar Choraria
    • Vijaya Kumar Sethia
    • Sulekha Dutta
    • Om Prakash Sharma

  • What is the registered address of Premier India Bearings Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Premier India Bearings Ltd is 1407, Diamond Heritage 16 Strand Road India, Kolkata, West Bengal, 700001.

  • What is the corporate identification number (CIN) and company number of Premier India Bearings Ltd?

    The corporate identification number (CIN) of Premier India Bearings Ltd is U27109WB1988PLC045316 and the company number is 045316 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Premier India Bearings Ltd?

    The Official website of Premier India Bearings Ltd is https://www.premierbearing.com

  • What has been the recent revenue trend for Premier India Bearings Ltd?

    According to the financial reports for the fiscal year 2024, the revenue trend for Premier India Bearings Ltd has risen by 5.40%.

  • How many employees does Premier India Bearings Ltd currently have?

    As Per 2024 financial reports, 56 employees are currently employed by Premier India Bearings Ltd.

  • What change has been observed in the net worth of Premier India Bearings Ltd, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Premier India Bearings Ltd has experienced an upsurge of 13.12%.

  • What are the total open charges for Premier India Bearings Ltd?

    As per the financial statements for fiscal Year 2024, The total open charges for Premier India Bearings Ltd amount to ₹ 34.66 Cr.

  • When was the last Balance Sheet of Premier India Bearings Ltd filed with the ROC?

    The most recent Balance Sheet for Premier India Bearings Ltd was filed with the ROC on 31 Mar 2024.

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