Turbo Bearings Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 4.64 M
- Company Age 36 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.00 Cr
- Satisfied Charges ₹ 4.15 Cr
- Revenue Growth 16.23%
- Profit Growth 18.05%
- Ebitda 42.48%
- Net Worth -15.76%
- Total Assets -9.06%
About Turbo Bearings
Turbo Bearings Private Limited (TBPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 May 1988 and has a history of 36 years and ten months. Its registered office is in Rajkot, Gujarat.
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.
Company Details
- Location Rajkot, Gujarat
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Machinery and Equipment
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.
Turbo Bearings Private Limited
Explore comprehensive data for Turbo Bearings Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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
- Ratios
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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 CentrePareshbhai Vasani is a mutual person
Charges (Loans)
Open Charges
₹7.00 Cr
Satisfied Charges
₹4.15 Cr
Charges Breakdown by Lending Institutions
- Others : 7.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2020 | Others | ₹4.00 Cr | Open |
| 16 Oct 2020 | Others | ₹3.00 Cr | Open |
| 07 Jan 2002 | Orintal Bank Of Commerce | ₹3.00 M | Satisfied |
| 09 Feb 2000 | Orintal Bank Of Commerce | ₹1.85 Cr | Satisfied |
| 02 Feb 2000 | Orintal Bank Of Commerce | ₹1.85 Cr | 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.
Latest Updates, News, and FAQs on Turbo Bearings
Recent activity within the organization
- Annual General Meeting
Turbo Bearings Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Turbo Bearings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Director Appointment
Brijen Paresh Bhai Vasani was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 31 Dec 2020 & has been associated with this company since 4 years 3 months .
- Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100381180 was registered on 16 Oct 2020.
- Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100383657 was registered on 16 Oct 2020.
- Charges
A charge registered on 07 Jan 2002 via Charge ID 90100787 with Orintal Bank Of Commerce was fully satisfied on 30 Apr 2016.
Frequently asked questions
What is the Incorporation or founding date of Turbo Bearings Private Limited?
Turbo Bearings Private Limited was incorporated on 31 May 1988.
What is authorized share capital and paid-up capital of Turbo Bearings Private Limited?
The authorized share capital of Turbo Bearings Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 4.64 M.
Who are the current board members & directors of Turbo Bearings Private Limited?
Currently 5 directors are associated with Turbo Bearings Private Limited.
- Jitendra Pratapbhai Vasani
- Kiritkumar Solanki Tribhovanbhai
- Pareshbhai Pratapbhai Vasani
- Pratapbhai Ranchhodbhai Vasani
- Brijen Paresh Bhai Vasani
What is the registered address of Turbo Bearings Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Turbo Bearings Private Limited is Plot No 250 251 Q Roadaji G I D C -2 3 India, Rajkot, Gujarat.
What is the corporate identification number (CIN) and company number of Turbo Bearings Private Limited?
The corporate identification number (CIN) of Turbo Bearings Private Limited is U29120GJ1988PTC010777 and the company number is 010777 as per Ministry of Corporate Affairs (MCA).
What is the official website of Turbo Bearings Private Limited?
The Official website of Turbo Bearings Private Limited is https://www.turbobearings.com
What has been the recent revenue trend for Turbo Bearings Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Turbo Bearings Private Limited has risen by 16.23%.
How many employees does Turbo Bearings Private Limited currently have?
As Per 2023 financial reports, 233 employees are currently employed by Turbo Bearings Private Limited.
What change has been observed in the net worth of Turbo Bearings Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Turbo Bearings Private Limited has experienced an downturn of -15.76%.
What are the total open charges for Turbo Bearings Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Turbo Bearings Private Limited amount to ₹ 7.00 Cr.
When was the last Balance Sheet of Turbo Bearings Private Limited filed with the ROC?
The most recent Balance Sheet for Turbo Bearings Private Limited was filed with the ROC on 31 Mar 2023.
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