Turbo Bearings Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 4.64 M
as on 24-10-2024
- Company Age 36 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.00 Cr
as on 24-10-2024
- Satisfied Charges ₹ 4.15 Cr
as on 24-10-2024
- Revenue 16.23%
(FY 2023)
- Profit 18.05%
(FY 2023)
- Ebitda 42.48%
(FY 2023)
- Net Worth -15.76%
(FY 2023)
- Total Assets -9.06%
(FY 2023)
About Turbo Bearings
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 3.00 Cr and a paid-up capital of Rs 4.64 M.
The company currently has active open charges totaling ₹7.00 Cr. The company has closed loans amounting to ₹4.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jitendra Vasani, Kiritkumar Tribhovanbhai, Pareshbhai Vasani, and Two other members serve as directors at the Company.
- CIN/LLPIN
U29120GJ1988PTC010777
- Company No.
010777
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 May 1988
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Company Details
- LocationRajkot, Gujarat
- Telephone
- Email Address
- Website
- Social Media
What products or services does Turbo Bearings Private Limited offer?
Turbo Bearings Private Limited offers a wide range of products and services, including Ball Bearings and Bearing Assemblies, Automotive Bearings, Automobile Fittings & Components, Automotive Spare Parts, Thrust Bearings, Roller Bearings, Ball Bearings, Clutch Components, Clutch Bearing, Kingpin Bearings.
Who are the key members and board of directors at Turbo Bearings?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pareshbhai Vasani  | Managing Director | 25-Sep-1999 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jitendra Vasani | Whole-Time Director | 01-Aug-2001 | Current |
| Kiritkumar Tribhovanbhai | Whole-Time Director | 25-Sep-1999 | Current |
| Pratapbhai Vasani | Whole-Time Director | 29-Feb-1992 | Current |
| Brijen Vasani | Whole-Time Director | 31-Dec-2020 | Current |
Financial Performance of Turbo Bearings.
Turbo Bearings Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.23% increase. The company also saw a substantial improvement in profitability, with a 18.05% increase in profit. The company's net worth observed a substantial decline by a decrease of 15.76%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Turbo Bearings?
In 2023, Turbo Bearings had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rajkot Engineering Testing And Research CentreActive 13 years 2 monthsPareshbhai Vasani is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 16 Oct 2020 | ₹4.00 Cr | Open |
Others Creation Date: 16 Oct 2020 | ₹3.00 Cr | Open |
Orintal Bank Of Commerce Creation Date: 07 Jan 2002 | ₹3.00 M | Satisfied |
How Many Employees Work at Turbo Bearings?
Turbo Bearings has a workforce of 233 employees as of Apr 05, 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 Turbo 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 Turbo Bearings'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.
