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.
Company details
Contact details
Bangalore Refinery Private Limited's registered office is in Bangalore, Karnataka. Its website is bangalorerefinery.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Bangalore Refinery 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
Brands
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 |
Business activity
The main business activity of Bangalore Refinery is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Bangalore Refinery Private Limited, buy the company report.
Financials of Bangalore Refinery Private Limited
FY 2025 filings availableBangalore Refinery Private Limited reported revenue of ₹1,129.05 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹26.05 Cr | ||||
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| Net Profit (PAT) | ₹17.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Bangalore Refinery Private Limited, buy the company report.
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 |
Auditor
Bangalore Refinery Private Limited is audited by KOTHARI & KHATRI. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTHARI & KHATRI. | FY 2022 | 011946S |
Shareholding
The shareholding of Bangalore Refinery 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 Bangalore Refinery Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2025 | 101095180 | Karnataka Bank Ltd. | ₹13.46 Cr | Open | |
| 07 Mar 2025 | 101096635 | Karnataka Bank Ltd. | ₹1.32 Cr | Open | |
| 21 Oct 2022 | 100629757 | Karnataka Bank Ltd. | ₹9 Cr | Open | |
| 25 Aug 2021 | 100489378 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 29 Jul 2021 | 100472963 | Karnataka Bank Ltd. | ₹53 Lakh | Satisfied |
To see the full charge records of Bangalore Refinery Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
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.
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 Ltd. | Disposed |
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by M/S Parekh Industries Limited | Disposed |
| Supreme Court | Court case (1802-Ordinary Civil Matters : T.P. Under Section 25 of the C.P.C.) | Filed against the company by M/S Parekh Industries Limited Through Authorized Signatory Rajesh Parekh Office at Prince House, 51/3, Marol Co Op Indus Estate MV Road Andheri E , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| High Court, KARNATAKA | Court case (MFA) | Filed by the company against Parekh Industries Limited | Disposed |
To see the full case history of Bangalore Refinery Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Bangalore Refinery Private Limited was last rated by Crisil on 28 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 May 2021 |
To see the full credit ratings and regulatory alerts of Bangalore Refinery Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bangalore Refinery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bangalore Refinery Private Limited has a workforce of 82 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Bangalore Refinery has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCB3755H1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bangalore Refinery Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Suresh Ishwarlal Dhruv - Managing Director
- Nikhil Suresh Dhruv - Director
- Ketan Suresh Dhruv - Director
The latest financial statements of Bangalore Refinery on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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.
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.
Bangalore Refinery can be reached through the website bangalorerefinery.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bangalore Refinery is at No. 61 Plot No. 20 – A KIADB Main Road 1st Cross I Phase Peenya Industrial Are, A, Bangalore, Karnataka, India – 560058.
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