About Bhuwalka Pipes Private Limited
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Bhuwalka Pipes Private Limited is a private limited company based in Bellary, Karnataka, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 23 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27107KA2002PTC030403. Its GSTIN is 29AABCB7778E1ZD (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2 Cr. It is led by directors Harshvardhan Bhuwalka (Managing Director) and Nidhi Harshvardhan Bhuwalka.
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 Sy No. 32 To 39 Yarbanhalli Sultanpur Village Toranagallu Bellary Dt., Karnataka, India – 583123.
As per the financials filed for FY 2025, the company reported a revenue of ₹608.1 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹39.44 Cr (net margin 6.5%) and EBITDA of ₹54.38 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company has about 192 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹24 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it. The company has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.75 Cr; the latest was in June 2018. Its 5 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 1 smaller; the largest is Avon Ispat & Power Limited with revenue of ₹682.27 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 35 overdue payments to 20 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhuwalka.in.
Company details
Contact details
Bhuwalka Pipes Private Limited's registered office is in Bellary, Karnataka. Its website is bhuwalka.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No. 32 To 39 Yarbanhalli Sultanpur Village Toranagallu Bellary Dt., Karnataka, India – 583123
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Bhuwalka Pipes 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
Business activity
The main business activity of Bhuwalka Pipes 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 Bhuwalka Pipes Private Limited, buy the company report.
Financials of Bhuwalka Pipes Private Limited
FY 2025 filings availableBhuwalka Pipes Private Limited reported revenue of ₹608.1 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹54.38 Cr | ||||
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| Net Profit (PAT) | ₹39.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | 6.5% | ||||
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To see the full financial statements and ratios of Bhuwalka Pipes Private Limited, buy the company report.
Board of directors of Bhuwalka Pipes Private Limited
Bhuwalka Pipes has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshvardhan Bhuwalka | Managing Director | 23 Apr 2002 | 24 Years 6 Months | Current |
| Nidhi Harshvardhan Bhuwalka Also directs: Dharod Constructions Private Limited, Parambhoomi Developers Private Limited, Kmme Impex Private Limited and 2 more | Director | 11 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Bhuwalka Pipes Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avon Ispat & Power Limited | ₹682.27 Cr (FY 2025) | 0.0% | Punjab, India | |||
| Iskcon Strips Private Limited | ₹673.62 Cr (FY 2025) | 9.0% | Raipur, Chhattisgarh, India | |||
| Hansa Metallics Limited | ₹666.83 Cr (FY 2025) | 16.0% | Mohali, Punjab, India | |||
| Nezone Strips Limited | ₹628.42 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Bhuwalka Pipes Private Limitedthis company | ₹608.1 Cr (FY 2025) | ₹39.44 Cr | 6.5% | -13.0% | 192 | Bellary, Karnataka, India |
| Jindal Supreme (India) Limited | ₹604.74 Cr (FY 2025) | -7.0% | Hisar, Haryana, India |
To see the full peer comparison of Bhuwalka Pipes Private Limited, buy the company report.
Auditor
Bhuwalka Pipes Private Limited is audited by BSD & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSD & Co | FY 2023 | 000312S |
Shareholding
The shareholding of Bhuwalka Pipes 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 Bhuwalka Pipes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2012 | 10346368 | Vijaya Bank | ₹12 Cr | Satisfied | |
| 06 May 2003 | 90192694 | Vijaya Bank | ₹12 Cr | Satisfied |
To see the full charge records of Bhuwalka Pipes Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Bhuwalka Pipes Private Limited has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.75 Cr; the latest was in June 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Dharod Construction Private Limited Seller: Urmila Realtors Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: Cindrella Dealers Private Limited , Ridhi Sidhi Vincom Limited , Blue View Commodities Private Limited, an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Urmila Realtors Private Limited Seller: West Coast Holdings Private Limited |
To see the full deal history of Bhuwalka Pipes Private 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
Bhuwalka Pipes Private Limited has 10 court cases on record: 7 filed by Bhuwalka Pipes, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against M/S.Larsen and Toubro Ltd, and 4 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against M/S.Larsen and Toubro Ltd, and 4 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Kariganur Iron & Steel Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Court case ((T)OP(CR)) | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of Bhuwalka Pipes 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
Bhuwalka Pipes Private Limited was last rated by Icra on 30 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Mar 2021 |
To see the full credit ratings and regulatory alerts of Bhuwalka Pipes Private Limited, buy the company report.
MSME payment delays
Bhuwalka Pipes Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 35 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Quebec Petroleum Resources Limited | |||
| Newlook Metaltech Private Limited | |||
| Aask Solutions | |||
| Ravik Engineers Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Bhuwalka Pipes Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bhuwalka Pipes Private Limited has a workforce of 192 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Bhuwalka Pipes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCB7778E1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhuwalka Pipes Private Limited, buy the company report.
Recent activity
Bhuwalka Pipes Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Nidhi Harshvardhan Bhuwalka ceased to be Additional Director on 20 Sep 2018.
Frequently asked questions
Bhuwalka Pipes is an active private limited company based in Bellary, Karnataka, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 23 April 2002 (24+ years old) and is registered under CIN U27107KA2002PTC030403.
Bhuwalka Pipes has 2 current directors:
- Harshvardhan Bhuwalka - Managing Director
- Nidhi Harshvardhan Bhuwalka - Director
The latest financial statements of Bhuwalka Pipes 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 Bhuwalka Pipes is 29AABCB7778E1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Bhuwalka Pipes is U27107KA2002PTC030403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhuwalka Pipes has 10 court cases on record: 7 filed by the company and 3 filed against it. Most are in the high courts.
Bhuwalka Pipes was incorporated on 23 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhuwalka Pipes has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.75 Cr; the latest was in June 2018.
The peers of Bhuwalka Pipes by revenue are Avon Ispat & Power Limited, Iskcon Strips Private Limited, Hansa Metallics Limited, Nezone Strips Limited, Jindal Supreme (India) Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).
Nidhi Harshvardhan Bhuwalka ceased to be Additional Director on 20 Sep 2018. Aiyush Bhuwalka ceased to be Director on 21 Jun 2018. Nidhi Harshvardhan Bhuwalka was appointed as Director on 11 May 2018. Bhuwalka Pipes has 4 board changes on record in total.
Bhuwalka Pipes has 7 MSME Form 1 returns on record between 2019 and 2023, listing 35 overdue payments to 20 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Bhuwalka Pipes can be reached through the website bhuwalka.in. Its registered office is in Bellary, Karnataka, India.