Texspin Bearings Ltd

Manufacturer of automotive components and systems for leading industry clients since 1995.

1995 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Texspin Bearings Profile

Key Indicators

  • Authorised Capital ₹ 5.20 Cr
  • Paid Up Capital ₹ 1.50 Cr
  • Company Age 29 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 557.52 Cr
  • Satisfied Charges ₹ 92.24 Cr
  • Revenue Growth 32.19%
  • Profit Growth 10.60%
  • Ebitda 18.69%
  • Net Worth 25.18%
  • Total Assets 20.76%

About Texspin Bearings

Texspin Bearings Ltd (TBL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 November 1995 and has a history of 29 years and four months. Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Automotive 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 5.20 Cr and a paid-up capital of Rs 1.50 Cr.

The company currently has active open charges totaling ₹557.52 Cr. The company has closed loans amounting to ₹92.24 Cr, as per Ministry of Corporate Affairs (MCA) records.

Bhupendra Makwana, Dipen Bhupendra, Chinmay Shah, 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

    U29120GJ1995PLC028061

  • Company No.

    028061

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Nov 1995

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Automotive

What products or services does Texspin Bearings Ltd offer?

Texspin Bearings Ltd offers a wide range of products and services, including Ball Bearings and Bearing Assemblies, Automotive Bearings, Clutch, Clutch Parts & Accessories, Clutch Components, Industrial Bearings.

Company report

Texspin Bearings Ltd

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

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

Executive Team (2)

NameDesignationAppointment DateStatus
Bhupendra Makwana Country flag representing In Managing Director08-Nov-1995Current
Dipen Bhupendra Country flag representing In Managing Director01-Nov-2004Current

Board Members (4)

NameDesignationAppointment DateStatus
Chinmay Shah Country flag representing In Director 01-Apr-2014Current
Vishal Makwana Country flag representing In Whole-Time Director 01-Jul-2009Current
Divya Patel Country flag representing In Director 15-Mar-2019Current
Karishma Patel Country flag representing In Director 07-Jul-2021Current

Financial Performance of Texspin Bearings.

Texspin Bearings Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 32.19% increase. The company also saw a substantial improvement in profitability, with a 10.6% increase in profit. The company's net worth Soared by an impressive increase of 25.18%.

Texspin Bearings revenue growth over time
Texspin 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
32.19%
Revenue from Operations
31.76%
Total Assets
20.76%
Profit or Loss
10.60%
Net Worth
25.18%
EBITDA
18.69%

What is the Ownership and Shareholding Structure of Texspin Bearings?

In 2023, Texspin Bearings had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹557.52 Cr

Satisfied Charges

₹92.24 Cr

Charges Breakdown by Lending Institutions

  • Others : 299.55 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 94.00 Cr
  • Axis Bank Limited : 91.77 Cr
  • State Bank Of India : 71.50 Cr
  • Tata Capital Housing Finance Limited : 0.70 Cr

Latest Charge Details

DateLenderAmountStatus
05 Jul 2024Others₹7.60 MOpen
05 Apr 2024Others₹246.29 CrOpen
15 Sep 2023Others₹5.00 CrOpen
28 Apr 2022The Hongkong And Shanghai Banking Corporation Limited₹10.00 CrOpen
16 Apr 2021Others₹47.50 CrOpen

How Many Employees Work at Texspin Bearings?

Texspin Bearings has a workforce of 584 employees as of Apr 08, 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 Texspin Bearings Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Texspin 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 Texspin 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 Texspin Bearings

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.76 Cr with Charge ID 100950604 was registered on 05 Jul 2024.

  • Charges

    A charge with Others amounted to Rs. 246.29 Cr with Charge ID 100910240 was registered on 05 Apr 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 91.77 Cr registered on 03 Jan 2020 with Charge ID 100317088 was modified on 05 Apr 2024.

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 81.00 Cr registered on 10 May 2019 with Charge ID 100268523 was modified on 05 Apr 2024.

  • Charges

    A charge with State Bank Of India of Rs. 71.50 Cr registered on 12 May 2014 with Charge ID 10496055 was modified on 05 Apr 2024.

  • Charges

    A charge with Others of Rs. 47.50 Cr registered on 16 Apr 2021 with Charge ID 100454309 was modified on 25 Oct 2023.

Frequently asked questions

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

    Texspin Bearings Ltd was incorporated on 08 Nov 1995.

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

    The authorized share capital of Texspin Bearings Ltd is ₹ 5.20 Cr and paid-up capital is ₹ 1.50 Cr.

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

    Currently 6 directors are associated with Texspin Bearings Ltd.

    • Bhupendra Chunilal Makwana
    • Dipen Makwana Bhupendra
    • Chinmay Nareshkumar Shah
    • Vishal Bhupendra Makwana
    • Divya Nihar Patel
    • Karishma Aditya Patel

  • What is the registered address of Texspin Bearings Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Texspin Bearings Ltd is B-804 Shapath - Iv Opp Karnavati Club, S.G.Highway India, Ahmedabad, Gujarat, 380051.

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

    The corporate identification number (CIN) of Texspin Bearings Ltd is U29120GJ1995PLC028061 and the company number is 028061 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Texspin Bearings Ltd?

    The Official website of Texspin Bearings Ltd is https://www.texspin.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Texspin Bearings Ltd has risen by 32.19%.

  • How many employees does Texspin Bearings Ltd currently have?

    As Per 2023 financial reports, 584 employees are currently employed by Texspin Bearings Ltd.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Texspin Bearings Ltd has experienced an upsurge of 25.18%.

  • What are the total open charges for Texspin Bearings Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Texspin Bearings Ltd amount to ₹ 557.52 Cr.

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

    The most recent Balance Sheet for Texspin Bearings Ltd was filed with the ROC on 31 Mar 2023.

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