Bhandari Cottons Limited - financial services in Raichur, Karnataka, India. Directors, charges & compliance details.
CIN U85110KA1991PLC011856 Incorporated 10 April 1991 ROC Bangalore HQ Raichur, Karnataka, India
Struck Off Public Limited Company financial services
Data last updated
Revenue · FY 2024
₹8,000
▼ 100% YoY
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹49 Lakh
Issued & subscribed
Satisfied charges
₹2.8 Cr
No open charges
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings
GST registrations
2
None active
Last financials
Mar 2024
Balance sheet date

About Bhandari Cottons Limited

Data last updated:

Bhandari Cottons Limited was a public limited company based in Raichur, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 10 April 1991.

The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1991PLC011856. The company has 2 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49 Lakh. It was led by directors including Pavan Kumar Bhandari and Abhay Kumar Bhandari.

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 was at Kvshal Chambers Cloth Bazar M G Road Raichur, Karnataka, India – 584101.

As per MCA filings, the company had satisfied charges of ₹2.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.

Company details

CIN U85110KA1991PLC011856
Registration Number 011856
Incorporation Date 10 April 1991
ROC Bangalore
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

CIN history

Bhandari Cottons has one previous CIN (Corporate Identification Number): U65993KA1991PLC011856. The current CIN is U85110KA1991PLC011856, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U85110KA1991PLC011856Current
U65993KA1991PLC011856Previous

Contact details

Bhandari Cottons Limited's registered office is in Raichur, Karnataka. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Kvshal Chambers Cloth Bazar M G Road Raichur, Karnataka, India – 584101
  • Industry
    Financial Services, Brokerage & Trading Services

To see the full contact details of Bhandari Cottons Limited, buy the company report.

Comprehensive company report
Bhandari Cottons Limited - one report that includes everything
  • 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
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Financials of Bhandari Cottons Limited

FY 2024 filings available

Bhandari Cottons Limited reported revenue of ₹8,000 (down 100% YoY) for FY 2024.

Revenue · FY 2024
₹8,000 ▼ 100%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▼ 63%
5 years · compounded
▼ 19%

Revenue has declined at a compounded annual rate (CAGR) of 19% over five years. 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
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Depreciation and Amortisation
Other Expenses
Total Expenses
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Profit Before Tax
Tax Expense
Net Profit (PAT)
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin
Net Profit Margin
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

To see the full financial statements and ratios of Bhandari Cottons Limited, buy the company report.

Board of directors of Bhandari Cottons Limited

Bhandari Cottons has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Pavan Kumar BhandariDirector20 Oct 199927 Years 0 MonthsAs last reported
Abhay Kumar BhandariDirector20 Oct 199927 Years 0 MonthsAs last reported
Dineshkumar Shantilalji DhokaDirector20 Oct 199927 Years 0 MonthsAs last reported

Peer comparison

Bhandari Cottons Limited is compared with the 6 companies closest to it by revenue in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Neha Hospitality & Management Services Private Limited₹8,508 (FY 2025)-78.0%Mumbai, Maharashtra, India
Creativita Ceramics Private Limited₹8,460 (FY 2025)-98.0%Delhi, India
Bhandari Cottons Limitedthis company₹8,000 (FY 2024)-100.0%Raichur, Karnataka, India
Mangalrashi Tracon Private Limited₹8,000 (FY 2019)Kolkata, West Bengal, India
Mahalaxmi Innovative Services Limited₹7,910 (FY 2025)-100.0%Mumbai, Maharashtra, India
Central Glass Company India Private Limited₹7,860 (FY 2021)-92.0%Gurugram, Haryana, India
Shri Goverdhanbaba Infratech Private Limited₹7,500 (FY 2025)400.0%Mumbai, Maharashtra, India

To see the full peer comparison of Bhandari Cottons Limited, buy the company report.

Auditor

Bhandari Cottons Limited is audited by Dagliya & Co for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Dagliya & CoFY 202200671S

Shareholding

The shareholding of Bhandari Cottons Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Bhandari Cottons Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹2.8 Cr
Breakdown by lending institutions
Canara Bank₹2.05 Cr
Ksfc₹0.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Feb 200480063583Canara Bank₹1.15 CrSatisfied
01 Feb 200180063585Canara Bank₹90 LakhSatisfied
28 Dec 199980063584Ksfc₹75 LakhSatisfied

To see the full charge records of Bhandari Cottons Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Bhandari Cottons Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Bhandari Cottons has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2

To see the full GST registrations and return filing status of Bhandari Cottons Limited, buy the company report.

Recent activity

Bhandari Cottons Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Ajit Kumar Mootha ceased to be Director on 01 Jul 2009.

AGM
Bhandari Cottons Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Bhandari Cottons Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 28 Dec 1999 via Charge ID 80063584 with Ksfc was fully satisfied on 10 Oct 2011.
Charges
A charge registered on 19 Feb 2004 via Charge ID 80063583 with Canara Bank was fully satisfied on 29 Sep 2011.
Charges
A charge registered on 01 Feb 2001 via Charge ID 80063585 with Canara Bank was fully satisfied on 29 Sep 2011.
Ceased
Ajit Kumar Mootha ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 115.00 Lakh with Charge ID 80063583 was registered on 19 Feb 2004.
Charges
A charge with Canara Bank amounted to Rs. 90.00 Lakh with Charge ID 80063585 was registered on 01 Feb 2001.
Charges
A charge with Ksfc amounted to Rs. 75.00 Lakh with Charge ID 80063584 was registered on 28 Dec 1999.
Appointed
Abhay Kumar Bhandari was appointed as Director.
Appointed
Dineshkumar Shantilalji Dhoka was appointed as Director.
Appointed
Pavan Kumar Bhandari was appointed as Director.

1 earlier event is in the company report.

Frequently asked questions

Bhandari Cottons has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.

Bhandari Cottons was a public limited company based in Raichur, Karnataka, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 10 April 1991 and is registered under CIN U85110KA1991PLC011856. The company has been struck off by the Registrar of Companies and is no longer operational.

Bhandari Cottons had 3 directors:

The CIN (Corporate Identification Number) of Bhandari Cottons is U85110KA1991PLC011856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Bhandari Cottons is at Kvshal Chambers Cloth Bazar M G Road Raichur, Karnataka, India – 584101.

Bhandari Cottons was incorporated on 10 April 1991. It is registered with the Registrar of Companies, Bangalore.

The latest financial statements of Bhandari Cottons 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.

No. Bhandari Cottons has 2 GST registrations on record and all of them are cancelled or inactive.

Bhandari Cottons operated in the financial services industry, in the brokerage and trading services segment. It worked in this industry before it was struck off.

The peers of Bhandari Cottons by revenue are Neha Hospitality & Management Services Private Limited, Creativita Ceramics Private Limited, Mangalrashi Tracon Private Limited, Mahalaxmi Innovative Services Limited, Central Glass Company India Private Limited and 1 more, all in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations).

Bhandari Cottons has 1 court case on record: 1 filed by the company.