About Bangalore Refinery Private Limited
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Bangalore Refinery Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 12 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U23209KA2000PTC027059. Its GSTIN is 29AABCB3755H1ZM (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12.5 Cr. It is led by directors including Suresh Ishwarlal Dhruv (Managing Director) and Nikhil Suresh Dhruv.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,129.05 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹17.1 Cr (net margin 1.5%) and EBITDA of ₹26.05 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 13% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bangalore Refinery. As per MCA filings, the company has open charges of ₹28.78 Cr and satisfied charges of ₹8.53 Cr on record. Court records list 17 cases involving the company, including 12 filed by the company and 5 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bangalorerefinery.com.
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- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 6/1 Plot No. 20 – A KIADB Main Road 1st Cross I Phase Peenya Industrial Are, A, Bangalore, Karnataka, India – 560058
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Bangalore Refinery Private Limited
The main business activity of Bangalore Refinery is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bangalore Refinery Private Limited FY 2025 filings available
Bangalore Refinery Private Limited reported revenue of ₹1,129.05 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Bangalore Refinery Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 23% growth in the latest year. EBITDA rose 30% 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 of Bangalore Refinery Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.1 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bangalore Refinery Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bangalore Refinery are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Bangalore Refinery Private Limited
Bangalore Refinery Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Auspicious Ornaments Private Limited | ₹1,175.64 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Agra, Uttar Pradesh, India |
| Ramkrishna Diamond Private Limited | ₹1,165.5 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Surat, Gujarat, India |
| Laxmi Jewellery Chennai Private Limited | ₹1,148.19 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Chennai, Tamil Nadu, India |
| Mahashila Jewellery Private Limited | ₹1,146.21 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Bagla International Private Limited | ₹1,141.49 Cr (FY 2015) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Bangalore Refinery Private Limited this company | ₹1,129.05 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Shubham Jewellers Chennai Private Limited | ₹1,116.27 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Chennai, Tamil Nadu, India |
| Shanti Gold International Limited | ₹1,112.47 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Mumbai, Maharashtra, India |
| J. K. Star Private Limited | ₹1,082.73 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| RVJ Overseas Private Limited | ₹1,079.02 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Rohtak, Haryana, India |
| Laxmi Jewellery Export Private Limited | ₹1,054.19 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Bangalore Refinery by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bangalore Refinery Private Limited
Bangalore Refinery Private Limited is audited by KOTHARI & KHATRI. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KOTHARI & KHATRI. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bangalore Refinery Private Limited
Bangalore Refinery has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Ishwarlal Dhruv | Managing Director | 12 May 2000 | 26 Years 5 Months | Current |
| Nikhil Suresh Dhruv Also directs: Dikeni Exim LLP | Director | 12 May 2000 | 26 Years 5 Months | Current |
| Ketan Suresh Dhruv Also directs: Dikeni Exim LLP | Director | 12 May 2000 | 26 Years 5 Months | Current |
Ownership and Shareholding of Bangalore Refinery Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bangalore Refinery Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Apr 2025 | Karnataka Bank Ltd. | ₹13.46 Cr | Open |
| 07 Mar 2025 | Karnataka Bank Ltd. | ₹1.32 Cr | Open |
| 21 Oct 2022 | Karnataka Bank Ltd. | ₹9 Cr | Open |
| 25 Aug 2021 | Hdfc Bank Limited | ₹5 Cr | Open |
| 29 Jul 2021 | Karnataka Bank Ltd. | ₹53 Lakh | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Bangalore Refinery Private Limited
Bangalore Refinery Private Limited has 17 court cases on record: 12 filed by Bangalore Refinery, 5 filed against it. 4 cases are pending and 13 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 4 |
| District courts | 4 | 1 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Parekh Industries Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (TRANSFER APPL) | Filed against the company by Parekh Industries Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Parekh Industries Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against Parekh Industries Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Parekh Industries Limited | Disposed |
Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Bangalore Refinery Private Limited
Bangalore Refinery operates one associated brand: Bangalore Refinery. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precious metals refining, chemical manufacturing, and jewellery components services in India. | bangalorerefinery.com |
Employees and EPFO Compliance at Bangalore Refinery Private Limited
Bangalore Refinery Private Limited has a workforce of 82 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bangalore Refinery Private Limited
Bangalore Refinery Private Limited has 5 board changes on record since 2000: 3 appointments and 2 cessations. The latest: Suresh Ishwarlal Dhruv ceased to be Director on 05 Apr 2013.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bangalore Refinery Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bangalore Refinery Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bangalore Refinery Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bangalore Refinery Private Limited
Bangalore Refinery has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCB3755H1ZM | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bangalore Refinery Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bangalore Refinery Private Limited
Bangalore Refinery is an active private limited company based in Bangalore, Karnataka, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 12 May 2000 (26+ years old) and is registered under CIN U23209KA2000PTC027059.
Bangalore Refinery reported revenue of ₹1,129.05 Cr for FY 2024 (up 23% YoY).
Bangalore Refinery has 3 current directors:
- Suresh Ishwarlal Dhruv - Managing Director
- Nikhil Suresh Dhruv - Director
- Ketan Suresh Dhruv - Director
Bangalore Refinery reported a net profit of ₹17.1 Cr (net margin 1.5%) and EBITDA of ₹26.05 Cr (EBITDA margin 2.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bangalore Refinery is 29% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bangalore Refinery is 29AABCB3755H1ZM, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Bangalore Refinery is U23209KA2000PTC027059. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bangalore Refinery has 17 court cases on record: 12 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Bangalore Refinery was incorporated on 12 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bangalore Refinery by revenue are Auspicious Ornaments Private Limited, Ramkrishna Diamond Private Limited, Laxmi Jewellery Chennai Private Limited, Mahashila Jewellery Private Limited, Bagla International Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Suresh Ishwarlal Dhruv ceased to be Director on 05 Apr 2013. Shilpa S Dhruv ceased to be Director on 03 Sep 2012. Ketan Suresh Dhruv was appointed as Director on 12 May 2000. Bangalore Refinery has 5 board changes on record in total.