Binary Systems Private Limited Company Logo

Binary Systems Private Limited - Company Profile

It is a information technology private limited company based in Bangalore, Karnataka, India, established in 1986.

1986 | Bangalore, Karnataka, India | Active
Last Updated:

About Binary Systems Private Limited

Binary Systems Private Limited, a active private limited company, was established on 13 October 1986 in Bangalore, Karnataka, India. Engaging in it products retail & distribution within the trade sector, it holds CIN: U80903KA1986PTC007846. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹1.70 Cr.

It upholds a compliant status. Employing 56 professional, Its leadership includes Harish Kumar Shetty (Director), Vidya Harish Shetty (Managing Director). Past directors included Jagadisha Brahmavar Shetty, Edward Jeevan. It holds ₹19.53 Cr open charges and ₹18.97 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No.18, Imperial Court Cunningham Road, Bangalore, Karnataka, 560052.

Company Details

  • CIN/LLPIN

    U80903KA1986PTC007846

  • Registration Number

    007846

  • Incorporation Date

    13 October 1986

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹1.70 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.70 Cr
  • Company Age 39 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 19.53 Cr
  • Satisfied Charges ₹ 18.97 Cr
  • Revenue Growth 56.11%
  • Profit Growth 228.94%
  • Ebitda -17.09%
  • Net Worth 5.64%
  • Total Assets -13.41%
Company report

Binary Systems Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Binary Systems Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Binary Systems Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Harish Kumar ShettyDirector20 May 1987Current
Vidya Harish ShettyManaging Director13 Oct 1986Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector31 Mar 2010Past
Pramod AbcsddDirector03 May 2022Past

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Financial Performance of Binary Systems.

Binary Systems Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 56.11% increase. The company also saw a substantial improvement in profitability, with a 228.94% increase in profit. The company's net worth moved up by a moderate rise of 5.64%.

Binary Systems revenue growth over time
Binary Systems profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
56.11%
Revenue from Operations
56.01%
Total Assets
-13.41%
Profit or Loss
228.94%
Net Worth
5.64%
EBITDA
-17.09%

What is the Ownership and Shareholding Structure of Binary Systems?

In 2024, Binary Systems had a promoter holding of 57.06% and a public holding of 42.94%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)

Open Charges

₹195,277,072.00

Satisfied Charges

₹189,654,500.00

Charges Breakdown by Lending Institutions

  • Others : 11.10 Cr
  • Deutsche Bank Ag : 7.70 Cr
  • Hdfc Bank Limited : 0.38 Cr
  • Uco Bank : 0.35 Cr

Latest Charge Details

DateLenderAmountStatus
31 Mar 2023Hdfc Bank Limited₹2.12 MOpen
27 Apr 2021Hdfc Bank Limited₹1.66 MOpen
20 Apr 2015Others₹11.10 CrOpen
20 Apr 2015Deutsche Bank Ag₹7.70 CrOpen
20 Apr 2001Uco Bank₹3.50 MOpen

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How Many Employees Work at Binary Systems?

Binary Systems has a workforce of 56 employees as of Feb 20, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Binary Systems Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Binary Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Binary Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Binary Systems

Recent Activity within the Organization

  • Annual General Meeting

    The activity Binary Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Binary Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was documented.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100749376 was registered on 31 Mar 2023. was completed.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100459009 was registered on 27 Apr 2021. was completed.

  • Charges

    A charge with Others of Rs. 11.10 Cr registered on 20 Apr 2015 with Charge ID 100045791 was modified on 04 Nov 2019. was recorded as a recent event.

  • Charges

    A charge registered on 30 Nov 2011 via Charge ID 10324005 with Uco Bank was fully satisfied on 07 Apr 2016. was recorded as a recent event.

Frequently Asked Questions

  • What is the CIN of Binary Systems Private Limited?

    The CIN of Binary Systems Private Limited is U80903KA1986PTC007846.

  • Where is Binary Systems Private Limited headquartered?

    Binary Systems Private Limited is headquartered at No.18, Imperial Court Cunningham Road, Bangalore, Karnataka, 560052.

  • When was Binary Systems Private Limited incorporated?

    Binary Systems Private Limited was incorporated on 13 October 1986.

  • Who are the current directors of Binary Systems Private Limited?

    The current directors of Binary Systems Private Limited are

  • What is the primary industry of Binary Systems Private Limited?

    The primary industry of Binary Systems Private Limited is Trade.

  • Is Binary Systems Private Limited a listed company?

    Binary Systems Private Limited is unlisted.

  • What is the capital structure of Binary Systems Private Limited?

    The authorized capital of Binary Systems Private Limited is ₹2.00 Cr, and the paid-up capital is ₹1.70 Cr.

  • What is the compliance status of Binary Systems Private Limited?

    The compliance status of Binary Systems Private Limited is Compliant.

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