About Bharat Gears Limited
Data last updated:
Bharat Gears Limited is a public limited company based in Faridabad, Haryana, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 23 December 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L29130HR1971PLC034365. Its GSTIN is 06AAACB4860G1ZX (Haryana). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 505688 and NSE: BHARATGEAR.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹15.36 Cr. It is led by directors including Surinder Paul Kanwar (Managing Director) and Naresh Kumar Verma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 20 K M Mathura Roadp O Amar Nagar Faridabad, Haryana, India – 121003.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹784.17 Cr, a growth of 21.1% compared to the previous year. For the same year it recorded a net profit of ₹16.37 Cr (net margin 2.1%) and EBITDA of ₹52.27 Cr (EBITDA margin 6.7%). The net worth stands at ₹131.19 Cr (up 16.2% YoY). Total assets are valued at ₹235.14 Cr (up 6.2% YoY).
The company has about 1,179 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bharat Gears. As per MCA filings, the company has open charges of ₹290.38 Cr and satisfied charges of ₹558.06 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 3 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 bharatgears.com.
Company details
CIN history
Bharat Gears has one previous CIN (Corporate Identification Number): L29130HR1999SGC034365. The current CIN is L29130HR1971PLC034365, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29130HR1971PLC034365 | Current |
| L29130HR1999SGC034365 | Previous |
Contact details
Bharat Gears Limited's registered office is in Faridabad, Haryana. Its website is bharatgears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address20 K M Mathura Roadp O Amar Nagar Faridabad, Haryana, India – 121003
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Bharat Gears 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 Gears operates one associated brand: Bharat Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures gears for automotive industry | bharatgears.com |
Business activity
The main business activity of Bharat Gears is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Bharat Gears Limited, buy the company report.
Financials of Bharat Gears Limited
FY 2025-26 filings availableBharat Gears Limited reported revenue of ₹784.17 Cr (up 21.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 784 | 648 | 663 | 766 | 729 | 503 | 463 |
| Revenue growth | +21.1% | -2.3% | -13.5% | +5.1% | +45.0% | +8.6% | - |
| EBITDA | 52.27 | 25.29 | 23.55 | 45.99 | 65.76 | 35.80 | 18.64 |
| EBITDA margin | +6.7% | +3.9% | +3.6% | +6.0% | +9.0% | +7.1% | +4.0% |
| Profit before tax | 22.03 | 3.93 | (12.86) | 17.60 | 34.08 | (9.65) | (24.82) |
| Net profit | 16.37 | (14.68) | (10.53) | 13.52 | 23.11 | (7.85) | (18.76) |
| Net profit margin | +2.1% | -2.3% | -1.6% | +1.8% | +3.2% | -1.6% | -4.1% |
| EPS (₹) | 10.75 | 2.08 | (6.34) | 8.78 | 25.24 | (8.27) | (20.18) |
| Balance sheet | |||||||
| Total assets | 235 | 221 | 252 | 264 | 241 | 219 | 256 |
| Net worth | 131 | 113 | 111 | 121 | 108 | 73.82 | 79.58 |
| Total debt | 72.89 | 79.67 | 113 | 116 | 107 | 118 | 152 |
| Cash & bank | 7.74 | 9.34 | 9.08 | 6.60 | 9.36 | 5.67 | 7.20 |
| Net working capital | 94.07 | 69.55 | 93.14 | 113 | 107 | 66.07 | 88.73 |
| Cash flow | |||||||
| Cash from operations | 29.45 | 48.97 | 46.60 | 41.96 | 30.28 | 59.03 | 53.56 |
| Cash from investing | (8.26) | 2.21 | (13.22) | (26.33) | (5.00) | (2.25) | (29.48) |
| Cash from financing | (30.91) | (51.04) | (37.45) | (2.80) | (32.22) | (56.71) | (19.91) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 216 | 210 | 189 | 205 | 180 | 175 | 142 | 165 |
| Revenue growth (YoY) | +19.9% | +20.3% | +33.3% | +24.4% | +8.3% | - | - | - |
| Other income | 0.41 | 2.14 | 0.52 | 1.90 | 1.78 | 0.66 | 0.28 | 18.12 |
| Total expenses | 208 | 197 | 177 | 188 | 170 | 162 | 145 | 157 |
| EBITDA | 8.12 | 13.41 | 11.99 | 17.04 | 9.84 | 12.59 | (2.57) | 7.73 |
| EBITDA margin | +3.8% | +6.4% | +6.3% | +8.3% | +5.5% | +7.2% | -1.8% | +4.7% |
| Depreciation | 5.08 | 5.31 | 5.72 | 5.79 | 5.75 | 5.75 | 6.04 | 5.99 |
| Interest | 3.25 | 3.39 | 3.37 | 3.59 | 3.66 | 4.05 | 4.30 | 4.33 |
| Profit before tax | 0.20 | 6.85 | 3.42 | 9.56 | 2.21 | 3.45 | (12.63) | 15.53 |
| Tax | 0.05 | 1.77 | 0.85 | 2.33 | 0.55 | 1.75 | (2.34) | 1.95 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 216 | 210 | 189 | 205 | 180 | 175 | 142 | 165 |
| Revenue growth (YoY) | +19.9% | +20.3% | +33.3% | +24.4% | +8.3% | - | - | - |
| Other income | 0.41 | 2.14 | 0.52 | 1.90 | 1.78 | 0.66 | 0.28 | 18.12 |
| Total expenses | 208 | 197 | 177 | 188 | 170 | 162 | 145 | 157 |
| EBITDA | 8.12 | 13.41 | 11.99 | 17.04 | 9.84 | 12.59 | (2.57) | 7.73 |
| EBITDA margin | +3.8% | +6.4% | +6.3% | +8.3% | +5.5% | +7.2% | -1.8% | +4.7% |
| Depreciation | 5.08 | 5.31 | 5.72 | 5.79 | 5.75 | 5.75 | 6.04 | 5.99 |
| Interest | 3.25 | 3.39 | 3.37 | 3.59 | 3.66 | 4.05 | 4.30 | 4.33 |
| Profit before tax | 0.20 | 6.85 | 3.42 | 9.56 | 2.21 | 3.45 | (12.63) | 15.53 |
| Tax | 0.05 | 1.77 | 0.85 | 2.33 | 0.55 | 1.75 | (2.34) | 1.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 784 | 648 | 663 | 766 | 729 | 503 | 463 |
| Revenue growth | +21.1% | -2.3% | -13.5% | +5.1% | +45.0% | +8.6% | - |
| Other income | 6.33 | 19.35 | 3.62 | 8.76 | 7.13 | 1.37 | 4.88 |
| Total expenses | 732 | 622 | 640 | 720 | 664 | 467 | 444 |
| Employee cost | 132 | 119 | 114 | 116 | 107 | 82.47 | 89.80 |
| EBITDA | 52.27 | 25.29 | 23.55 | 45.99 | 65.76 | 35.80 | 18.64 |
| EBITDA margin | +6.7% | +3.9% | +3.6% | +6.0% | +9.0% | +7.1% | +4.0% |
| Depreciation | 22.57 | 23.63 | 22.55 | 20.07 | 20.39 | 24.15 | 26.69 |
| Interest | 14.00 | 17.08 | 17.48 | 17.08 | 18.42 | 22.67 | 21.65 |
| Profit before tax | 22.03 | 3.93 | (12.86) | 17.60 | 34.08 | (9.65) | (24.82) |
| Tax | 5.51 | 0.75 | (3.14) | 4.11 | 8.23 | (1.95) | (6.05) |
| Net profit | 16.37 | (14.68) | (10.53) | 13.52 | 23.11 | (7.85) | (18.76) |
| Net profit margin | +2.1% | -2.3% | -1.6% | +1.8% | +3.2% | -1.6% | -4.1% |
| EPS (₹) | 10.75 | 2.08 | (6.34) | 8.78 | 25.24 | (8.27) | (20.18) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.36 | 15.36 | 15.36 | 15.36 | 10.24 | 9.31 | 9.31 |
| Reserves & surplus | 116 | 97.53 | 95.24 | 105 | 97.96 | 63.52 | 70.27 |
| Shareholders' funds (net worth) | 131 | 113 | 111 | 121 | 108 | 73.82 | 79.58 |
| Secured loans | 58.16 | 61.34 | 89.24 | 95.22 | 108 | 110 | 128 |
| Unsecured loans | 14.73 | 18.33 | 24.13 | 20.70 | (1.55) | 7.75 | 23.15 |
| Total debt | 72.89 | 79.67 | 113 | 116 | 107 | 118 | 152 |
| Total liabilities | 235 | 221 | 252 | 264 | 241 | 219 | 256 |
| Assets | |||||||
| Gross block | 320 | 311 | 293 | 274 | 244 | 240 | 233 |
| Net block | 116 | 128 | 133 | 132 | 118 | 134 | 150 |
| Capital work in progress | 3.86 | 2.34 | 5.20 | 1.91 | 1.14 | 1.32 | 2.17 |
| Investments | 1.38 | 1.30 | 1.20 | 1.11 | 0.00 | 0.00 | 0.00 |
| Inventories | 101 | 93.21 | 82.02 | 99.97 | 90.46 | 90.39 | 78.15 |
| Sundry debtors | 114 | 96.87 | 116 | 123 | 144 | 106 | 102 |
| Cash & bank balances | 7.74 | 9.34 | 9.08 | 6.60 | 9.36 | 5.67 | 7.20 |
| Loans & advances | 37.01 | 13.07 | 19.51 | 26.49 | 25.51 | 28.48 | 18.93 |
| Total current assets | 260 | 212 | 227 | 256 | 270 | 231 | 206 |
| Total current liabilities | 166 | 143 | 134 | 143 | 162 | 165 | 118 |
| Net working capital | 94.07 | 69.55 | 93.14 | 113 | 107 | 66.07 | 88.73 |
| Total assets | 235 | 221 | 252 | 264 | 241 | 219 | 256 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | (20.33) | (20.47) | (16.39) | (29.22) | (22.27) | (22.35) | (26.52) |
| Net cash from operating activities | 29.45 | 48.97 | 46.60 | 41.96 | 30.28 | 59.03 | 53.56 |
| Net cash from investing activities | (8.26) | 2.21 | (13.22) | (26.33) | (5.00) | (2.25) | (29.48) |
| Net cash from financing activities | (30.91) | (51.04) | (37.45) | (2.80) | (32.22) | (56.71) | (19.91) |
| Net change in cash | (9.72) | 0.14 | (4.08) | 12.83 | (6.95) | 0.08 | 4.17 |
| Closing cash | 7.74 | 9.34 | 9.08 | 6.60 | 9.36 | 5.67 | 7.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.1% | -2.3% | -13.5% | +5.1% | +45.0% | +8.6% | - |
| EBITDA growth | +106.7% | +7.4% | -48.8% | -30.1% | +83.7% | +92.1% | - |
| PBT growth | +460.6% | +9998.0% | - | -48.4% | +9998.0% | +61.1% | - |
| Net income growth | +211.5% | -39.4% | -177.9% | -41.5% | +394.4% | +58.2% | - |
| Revenue CAGR (3Y) | +0.8% | -3.9% | +9.6% | +18.3% | +7.1% | -0.3% | +4.4% |
| EBITDA CAGR (3Y) | +4.4% | -27.3% | -13.0% | +35.1% | +4.0% | -5.8% | -12.8% |
| Profitability & leverage | |||||||
| Net income margin | +2.1% | +0.5% | -1.5% | +1.8% | +3.5% | -1.5% | -4.1% |
| Return on capital employed | +15.8% | +1.7% | +1.8% | +13.7% | +21.2% | +5.5% | -1.2% |
| Return on net worth | +13.5% | -13.1% | -8.4% | +11.8% | +25.4% | -10.0% | -22.4% |
| Debt / equity | 0.63 | 0.86 | 0.99 | 0.97 | 1.23 | 1.76 | 1.86 |
| Long-term debt / equity | 0.31 | 0.52 | 0.64 | 0.65 | 0.77 | 1.02 | 0.99 |
| Interest cover | 47.14 | 1,028.92 | 1,748.00 | 65.90 | 40.60 | 194.59 | -268.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.49 | 2.15 | 2.34 | 2.96 | 3.01 | 2.13 | 2.13 |
| Inventory turnover | 8.07 | 7.39 | 7.29 | 8.05 | 8.07 | 5.97 | 5.38 |
| Debtors turnover | 7.45 | 6.08 | 5.56 | 5.74 | 5.82 | 4.83 | 4.24 |
| EPS (₹) | 10.75 | 2.08 | (6.34) | 8.78 | 25.24 | (8.27) | (20.18) |
| Dividend per share (₹) | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 85.44 | 73.52 | 72.03 | 78.51 | 105.69 | 78.26 | 85.51 |
To see the full year-wise statements and ratios of Bharat Gears Limited, buy the company report.
Board of directors of Bharat Gears Limited
Bharat Gears has 8 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raman Nanda Also directs: Step Transformations Private Limited, Cit Ventures Private Limited, CLR Facility Services Private Limited and 1 more | Director | 29 Dec 2021 | 4 Years 10 Months | Current |
| Surinder Paul Kanwar Also directs: Raunaq International Limited, Clip-Lok Simpak (India) Private Limited, Vibrant Reality Infra Private Limited and 1 more | Managing Director | 29 Sep 1982 | 44 Years 1 Months | Current |
| Wolfgang Rudolf Schilha | Director | 26 Jul 2007 | 19 Years 3 Months | Current |
| Nagar Venkatraman Srinivasan Also directs: Raunaq International Limited | Director | 03 Nov 2017 | 8 Years 11 Months | Current |
| Bharat Dev Singh Kanwar Also directs: Indcore Creations LLP, GKN Driveline (India) Limited | Director | 22 May 2025 | 1 Years 5 Months | Current |
| Satya Prakash Mangal Also directs: Indian Port Rail & Ropeway Corporation Limited | Director | 22 May 2025 | 1 Years 5 Months | Current |
Auditor
Bharat Gears Limited is audited by SRBC & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & Co. LLP | FY 2022 | 324982E/E300003 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 55.30%, foreign institutional investors hold 1.40%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 55.30% | 55.30% | 55.30% | 55.30% |
| Public | 44.70% | 44.70% | 44.70% | 44.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2023 | 100795920 | Idbi Trusteeship Services Limited | ₹120 Cr | Open | |
| 18 Oct 2022 | 100630102 | Idbi Trusteeship Services Limited | ₹80 Cr | Open | |
| 07 Jun 2022 | 100587311 | Others | ₹40 Cr | Open | |
| 27 Apr 2022 | 100571205 | Tata Capital Financial Services Limited | ₹40 Cr | Open | |
| 07 Sep 2021 | 100484155 | Idbi Trusteeship Services Limited | ₹5.19 Cr | Open |
To see the full charge records of Bharat Gears Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
Bharat Gears Limited has 8 court cases on record: 2 filed by Bharat Gears, 6 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (R A) | Filed against the company by M/S Aravali Printers and Publishers Pvt Ltd | Pending |
| District court, Faridabad, Haryana | Court case (R A) | Filed by the company against an individual | Pending |
| District court, Faridabad, Haryana | Court case (R A) | Filed by the company against individuals | Pending |
| District court, South East, Delhi | Court case (Succ. Court) | Filed against the company by an individual | Disposed |
| District court, South West, Delhi | Court case (Succ. Court) | Filed against the company by an individual | Disposed |
To see the full case history of Bharat Gears 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 Gears Limited was last rated by Crisil on 29 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Dec 2020 |
To see the full credit ratings and regulatory alerts of Bharat Gears Limited, buy the company report.
MSME payment delays
Bharat Gears Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 5,740 overdue payments to 177 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 177)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Micron Enterprises | |||
| an individual supplier | |||
| Samiri Forge Private Limited | |||
| Klingelnberg India Private Limited | |||
| Emmbros Forgings Private Limited |
To see the full MSME payment records of Bharat Gears Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bharat Gears Limited has a workforce of 1,179 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Bharat Gears has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACB4860G1ZX | Haryana | Active | 01 Jul 2017 |
| 27AAACB4860G1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bharat Gears Limited, buy the company report.
Recent activity
Bharat Gears Limited has 32 board changes on record since 1981: 21 appointments and 11 cessations. The latest: Naresh Kumar Verma was appointed as Whole-Time Director on 30 May 2026.
112 earlier events are in the company report.
News
Frequently asked questions
Bharat Gears is an active public limited company based in Faridabad, Haryana, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 23 December 1971 (55+ years old) and is registered under CIN L29130HR1971PLC034365. Listed on BSE: 505688 and NSE: BHARATGEAR.
Bharat Gears reported revenue of ₹784.17 Cr for FY 2025-26 (up 21.1% YoY) based on standalone financials.
Bharat Gears has 8 current directors:
- Surinder Paul Kanwar - Managing Director
- Naresh Kumar Verma - Whole-Time Director
- Raman Nanda - Director
- Wolfgang Rudolf Schilha - Director
- Nagar Venkatraman Srinivasan - Director
- Bharat Dev Singh Kanwar - Director
- Satya Prakash Mangal - Director
- Kavita Jha - Director
The latest financial statements of Bharat Gears on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bharat Gears is 06AAACB4860G1ZX, registered in Haryana. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACB4860G1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Bharat Gears is L29130HR1971PLC034365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bharat Gears is a listed company as per MCA records. Its shares are listed on both BSE (code: 505688) and NSE (symbol: BHARATGEAR).
Bharat Gears has 8 court cases on record: 2 filed by the company and 6 filed against it. 3 are pending.
Bharat Gears was incorporated on 23 December 1971, making it 55+ years old. It is registered with the Registrar of Companies, Haryana.
Naresh Kumar Verma was appointed as Whole-Time Director on 30 May 2026. Rakesh Chopra ceased to be Director on 30 Jul 2025. Virendrakumar Pargal ceased to be Director on 30 Jul 2025. Bharat Gears has 32 board changes on record in total.
Bharat Gears has 18 MSME Form 1 returns on record between 2018 and 2024, listing 5,740 overdue payments to 177 micro and small suppliers. The latest return was filed on 01 May 2024.
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