Bharat Towels Limited
About Bharat Towels Limited
Data last updated:
Bharat Towels Limited was a public limited company based in Barnala, Punjab, India, operated as a subsidiary of Asian Trading 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 textile spinning and weaving segment of the textiles sector. It was incorporated on 09 February 2010.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17100PB2010PLC033590.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Sukhdarshan Singh and Jayanta Kumar Saha.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Litl Textile Park Mansa Road Dhaula, Barnala, Punjab, India – 148107.
As per the financials filed for FY 2018, the company reported a revenue of ₹29,421, a growth of 101% compared to the previous year. For the same year it recorded a net profit of ₹18,050 (net margin 61.4%) and EBITDA of ₹21,760 (EBITDA margin 74%).
Company details
Contact details
Bharat Towels Limited's registered office is in Barnala, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressLitl Textile Park Mansa Road Dhaula, Barnala, Punjab, India – 148107
- IndustryTextile, Spinning & Weaving
To see the full contact details of Bharat Towels 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
Financials of Bharat Towels Limited
FY 2018 filings availableBharat Towels Limited reported revenue of ₹29,421 (up 101% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 101% in the latest year. EBITDA rose 396% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹21,760 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹18,050 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 74% | |||
| Net Profit Margin | 61.4% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Bharat Towels Limited, buy the company report.
Board of directors of Bharat Towels Limited
Bharat Towels has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhdarshan Singh Also directs: Eminent Ventures LLP | Director | 31 Oct 2016 | 10 Years 0 Months | As last reported |
| Jayanta Kumar Saha Also directs: RLG Online Solutions LLP, Majestic Scrips Private Limited | Director | 09 Feb 2010 | 16 Years 8 Months | As last reported |
| Varinder Singh | Director | 16 Jul 2018 | 8 Years 3 Months | As last reported |
Auditor
Bharat Towels Limited is audited by K.K. KAPOOR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K. KAPOOR & ASSOCIATES | FY 2017 | 001013N |
Shareholding
The shareholding of Bharat Towels Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bharat Towels Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bharat Towels Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bharat Towels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bharat Towels Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bharat Towels Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Varinder Singh ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Bharat Towels 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 Towels was a public limited company based in Barnala, Punjab, India. The company worked in spinning and weaving, within the textile industry. It was incorporated on 09 February 2010 and is registered under CIN U17100PB2010PLC033590. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bharat Towels was incorporated on 09 February 2010. It is registered with the Registrar of Companies, Chandigarh.
Bharat Towels had 3 directors:
- Sukhdarshan Singh - Director
- Jayanta Kumar Saha - Director
- Varinder Singh - Director
The CIN (Corporate Identification Number) of Bharat Towels is U17100PB2010PLC033590. 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 Towels is at Litl Textile Park Mansa Road Dhaula, Barnala, Punjab, India – 148107.
The latest financial statements of Bharat Towels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Bharat Towels operated in the textile industry, in the spinning and weaving segment.
Varinder Singh ceased to be Additional Director on 29 Sep 2018. Varinder Singh was appointed as Director on 16 Jul 2018. Vikas Chhabra ceased to be Director on 16 Jul 2018. Bharat Towels has 9 board changes on record in total.
The compliance status of Bharat Towels is compliant as of 23 September 2026.
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