About Banashankari Industries Private Limited
Data last updated:
Banashankari Industries Private Limited is a private limited company based in Kolar, Karnataka, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 06 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24299KA2008PTC048195. Its GSTIN is 29AAFCM8060N1ZU (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.13 Cr. It is led by directors Manjunath Govindaiah (Whole-Time Director) and Govindaiah Nelamangala Murthy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolar, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.41 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Cr (net margin 6.2%) and EBITDA of ₹3.64 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹31.87 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bcplasia.com.
Company details
Contact details
Banashankari Industries Private Limited's registered office is in Kolar, Karnataka. Its website is bcplasia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 197 KIADB Industrial Area Malur 3rd Phase Nosagere Village Malur, Taluk, Kolar, Karnataka, India – 563130
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Banashankari Industries Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Banashankari Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Banashankari Industries Private Limited, buy the company report.
Financials of Banashankari Industries Private Limited
FY 2024 filings availableBanashankari Industries Private Limited reported revenue of ₹26.41 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 3% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.64 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.62 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Banashankari Industries Private Limited, buy the company report.
Board of directors of Banashankari Industries Private Limited
Banashankari Industries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjunath Govindaiah Also directs: Roots and Shoots Retail LLP, LN Breweries Private Limited, BSK Solvents & Chemicals Private Limited and 3 more | Whole-Time Director | 06 Nov 2008 | 18 Years 0 Months | Current |
| Govindaiah Nelamangala Murthy Also directs: Roots and Shoots Retail LLP, LN Breweries Private Limited, BSK Solvents & Chemicals Private Limited and 3 more | Director | 26 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Banashankari Industries Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jiwan Metafins Limited | ₹26.67 Cr (FY 2024) | -22.0% | Ludhiana, Punjab, India | |||
| Atul Rubber Processors Private Limited | ₹26.65 Cr (FY 2025) | -14.0% | Raipur, Chhattisgarh, India | |||
| Sahayamatha Salt Refinery Private Limited | ₹26.57 Cr (FY 2024) | -14.0% | Tamil Nadu, India | |||
| Alwar Paraffin and Allied Products Private Ltd | ₹26.51 Cr (FY 2024) | 52.0% | New Delhi, Delhi, India | |||
| Banashankari Industries Private Limitedthis company | ₹26.41 Cr (FY 2024) | ₹1.62 Cr | 6.2% | 3.0% | 25 | Kolar, Karnataka, India |
| Matrix Chemtech Private Limited | ₹26.36 Cr (FY 2025) | 144.0% | Belgaon, Maharashtra, India | |||
| Jayfluoride Private Limited | ₹26.35 Cr (FY 2024) | 12.0% | Pardi, Gujarat, India | |||
| Orablue Chem Private Limited | ₹26.31 Cr (FY 2024) | 2.0% | Morbi, Gujarat, India |
To see the full peer comparison of Banashankari Industries Private Limited, buy the company report.
Auditor
Banashankari Industries Private Limited is audited by BALAKRISHNA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAKRISHNA & CO. | FY 2023 | 204844 |
Shareholding
The shareholding of Banashankari Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Banashankari Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2021 | 100427824 | Canara Bank | ₹33 Lakh | Open | |
| 30 Jul 2020 | 100374799 | Canara Bank | ₹48 Lakh | Open | |
| 01 Dec 2009 | 10189283 | Canara Bank | ₹31.06 Cr | Open |
To see the full charge records of Banashankari Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Banashankari Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Banashankari Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Banashankari Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| LN Life Sciences Private Limited | U24230KA2020PTC141490 |
To see the full group structure of Banashankari Industries Private Limited, buy the company report.
Employees & EPFO
Banashankari Industries Private Limited has a workforce of 25 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 25 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Banashankari Industries Private Limited, buy the company report.
GST
Banashankari Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM8060N1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banashankari Industries Private Limited, buy the company report.
Recent activity
Banashankari Industries Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Govindaiah Nelamangala Murthy ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Banashankari Industries is an active private limited company based in Kolar, Karnataka, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 06 November 2008 (18+ years old) and is registered under CIN U24299KA2008PTC048195.
Banashankari Industries has 2 current directors:
- Manjunath Govindaiah - Whole-Time Director
- Govindaiah Nelamangala Murthy - Director
The latest financial statements of Banashankari Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Banashankari Industries is 29AAFCM8060N1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Banashankari Industries is U24299KA2008PTC048195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banashankari Industries was incorporated on 06 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Banashankari Industries by revenue are Jiwan Metafins Limited, Atul Rubber Processors Private Limited, Sahayamatha Salt Refinery Private Limited, Alwar Paraffin and Allied Products Private Ltd, Matrix Chemtech Private Limited and 2 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Govindaiah Nelamangala Murthy ceased to be Additional Director on 30 Sep 2019. Govindaiah Nelamangala Murthy was appointed as Director on 26 Apr 2019. Manjunath Govindaiah ceased to be Director on 17 Jan 2015. Banashankari Industries has 5 board changes on record in total.
Banashankari Industries can be reached through the website bcplasia.com. Its registered office is in Kolar, Karnataka, India.
The registered office of Banashankari Industries is at Plot No. 197 KIADB Industrial Area Malur 3rd Phase Nosagere Village Malur, Taluk, Kolar, Karnataka, India – 563130.
Banashankari Industries operates in the chemicals and materials industry, in the industrial chemicals segment.
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