About Bharat Gas Resources Limited
Data last updated:
Bharat Gas Resources Limited was a public limited union government company based in Mumbai, Maharashtra, India, operated as a subsidiary of Bharat Petroleum Corporation Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 07 June 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U11200MH2018GOI310461. Its GSTIN is 23AAHCB8688B1DV (Madhya Pradesh). The company held 17 GST registrations, of which 5 are active.
The company had an authorised share capital of ₹2,300 Cr and a paid-up capital of ₹1,908.62 Cr. It was led by directors including Arun Kumar Singh and Sukhmal Kumar Jain.
Its last annual general meeting (AGM) was held on 17 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Bharat Bhavan 4 & 6 Currimbhoy Road Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2021, the company reported a revenue of ₹199.1 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹35.5 Lakh (net margin 0.2%) and EBITDA of ₹3.48 Cr (EBITDA margin 1.7%).
The company was associated with 1 brand: BharatResource. As per MCA filings, the company had open charges of ₹325 Cr on record. Court records list 21 cases involving the company, including 21 filed against it; 2 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,898.62 Cr; the latest was in April 2022.
The last known website on record is bharatpetroleum.com.
Company details
Contact details
Bharat Gas Resources Limited's registered office is in Mumbai, Maharashtra. Its website is bharatpetroleum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressBharat Bhavan 4 & 6 Currimbhoy Road Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Bharat Gas Resources 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
Bharat Gas Resources operates one associated brand: BharatResource. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform specializing in recruitment for blue-collar workers. | bharatresource.com |
Business activity
The main business activity of Bharat Gas Resources is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bharat Gas Resources Limited, buy the company report.
Financials of Bharat Gas Resources Limited
FY 2021 filings availableBharat Gas Resources Limited reported revenue of ₹199.1 Cr (down 29% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year. EBITDA fell 38% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹199.1 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.48 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹35.5 Lakh | ||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.7% | ||
| Net Profit Margin | 0.2% | ||
| 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 Bharat Gas Resources Limited, buy the company report.
Board of directors of Bharat Gas Resources Limited
Bharat Gas Resources has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Kumar Singh Also directs: Mangalore Refinery and Petrochemicals Limited, Oil and Natural Gas Corporation Limited, Petronet LNG Limited and 4 more | Director | 26 Jun 2018 | 8 Years 4 Months | As last reported |
| Sukhmal Kumar Jain Also directs: GSPC LNG Limited | Director | 06 Aug 2021 | 5 Years 2 Months | As last reported |
| Anil Kumar | Additional Director | 28 Jun 2022 | 4 Years 4 Months | As last reported |
| Rajendra Natekar Pushparaj Also directs: Essar Oilchem Limited | Director | 07 Jun 2018 | 8 Years 4 Months | As last reported |
| Ramakrishna Gupta Vetsa | Additional Director | 25 Jan 2022 | 4 Years 9 Months | As last reported |
Auditor
Bharat Gas Resources Limited is audited by Chokshi & Chokshi for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chokshi & Chokshi | FY 2021 | 101872W/W100045 |
Shareholding
The shareholding of Bharat Gas Resources Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bharat Gas Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2019 | 100300182 | Indusind Bank Ltd. | ₹325 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Bharat Gas Resources Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,898.62 Cr; the latest was in April 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round | ₹250 Cr | Investors: Bharat Petroleum Corporation Limited |
| Aug 2021 | Funding round | ₹750 Cr | Investors: Bharat Petroleum Corporation Limited |
| Dec 2020 | Acquisition | Undisclosed | Buyer: Bharat Petroleum Corporation Limited |
| Oct 2020 | Funding round | ₹600 Cr | Investors: Bharat Petroleum Corporation Limited |
| Dec 2018 | Funding round | ₹298.62 Cr | Investors: Bharat Petroleum Corporation Limited |
To see the full deal history of Bharat Gas Resources Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bharat Gas Resources Limited has 21 court cases on record: 21 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 0 |
| High courts | 7 | 7 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by individuals | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by individuals | Disposed |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Bharat Gas Resources 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
Bharat Gas Resources Limited was last rated by Crisil on 28 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Dec 2020 |
To see the full credit ratings and regulatory alerts of Bharat Gas Resources Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bharat Gas Resources Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bharat Gas Resources has 17 GST registrations: 5 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCB8688B1DV | Madhya Pradesh | Active | 04 Oct 2019 |
| 21AAHCB8688B1DZ | Odisha | Active | 17 Dec 2020 |
| 09AAHCB8688B1DL | Uttar Pradesh | Active | 24 Jan 2021 |
| 20AAHCB8688B1D1 | Jharkhand | Active | 03 Nov 2021 |
To see the full GST registrations and return filing status of Bharat Gas Resources Limited, buy the company report.
Recent activity
Bharat Gas Resources Limited has 12 board changes on record since 2018: 5 appointments and 7 cessations. The latest: Anil Kumar was appointed as Additional Director on 28 Jun 2022.
4 earlier events are in the company report.
News
Frequently asked questions
Bharat Gas Resources has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Bharat Gas Resources was a public limited union government company based in Mumbai, Maharashtra, India. The company worked in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 07 June 2018 and is registered under CIN U11200MH2018GOI310461. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bharat Gas Resources was incorporated on 07 June 2018. It is registered with the Registrar of Companies, Mumbai.
Bharat Gas Resources had 5 directors:
- Arun Kumar Singh - Director
- Sukhmal Kumar Jain - Director
- Anil Kumar - Additional Director
- Rajendra Natekar Pushparaj - Director
- Ramakrishna Gupta Vetsa - Additional Director
The CIN (Corporate Identification Number) of Bharat Gas Resources is U11200MH2018GOI310461. 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 Bharat Gas Resources is at Bharat Bhavan 4 & 6 Currimbhoy Road Ballard Estate, Mumbai, Maharashtra, India – 400001.
Bharat Gas Resources can be reached through the website bharatpetroleum.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Bharat Gas Resources on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 17 September 2021. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Bharat Gas Resources is 23AAHCB8688B1DV, registered in Madhya Pradesh. The company has 17 GST registrations in all, of which 5 are active and 12 are cancelled or inactive. Other active GSTINs include 21AAHCB8688B1DZ (Odisha), 09AAHCB8688B1DL (Uttar Pradesh), 20AAHCB8688B1D1 (Jharkhand).
Bharat Gas Resources operated in the chemicals and materials industry, in the industrial and specialty gases segment.
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