BLS Power Solution Limited
About BLS Power Solution Limited
Data last updated:
BLS Power Solution Limited is a public limited company based in Walajapet, Tamil Nadu, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 04 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29299TN1999PLC041682. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.54 Cr. It is led by directors including Rameshwar Lal Latyal and Vishnu Sharma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Walajapet, Tamil Nadu.
As per the financials filed for FY 2021, the company reported a revenue of ₹49.89 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹11.6 Lakh (net margin -0.2%) and EBITDA of -₹11.6 Lakh (EBITDA margin -0.2%).
As per MCA filings, the company has satisfied charges of ₹20.28 Cr on record. Court records list 38 cases involving the company, including 33 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
BLS Power Solution has one previous CIN (Corporate Identification Number): U27101TN1999PLC041682. The current CIN is U29299TN1999PLC041682, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299TN1999PLC041682 | Current |
| U27101TN1999PLC041682 | Previous |
Contact details
BLS Power Solution Limited's registered office is in Walajapet, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 8 New Shopping Complex, Sipcot, Walajapet, Tamil Nadu, India – 632403
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of BLS Power Solution 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 BLS Power Solution Limited
FY 2022 filings availableBLS Power Solution Limited reported revenue of ₹49.89 Cr (down 59% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 59% in the latest year. EBITDA rose 98% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹11.6 Lakh | ||||
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| Net Profit (PAT) | -₹11.6 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of BLS Power Solution Limited, buy the company report.
Board of directors of BLS Power Solution Limited
BLS Power Solution has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshwar Lal Latyal Also directs: C & S Tools Private Limited, R R Tools Private Limited | Additional Director | 20 Feb 2018 | 8 Years 8 Months | Current |
| Vishnu Sharma Also directs: C & S Tools Private Limited, R R Tools Private Limited | Additional Director | 26 May 2014 | 12 Years 5 Months | Current |
| Muthukaruppan Bharanitharan | Additional Director | 05 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
BLS Power Solution Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Steel, Watches and Jewellery Manufacturers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naarayani Metalics & Engineers Private Limited | ₹50.13 Cr (FY 2025) | 13.0% | Raipur, Chhattisgarh, India | |||
| Radhe Exim Private Limited | ₹50.07 Cr (FY 2024) | 22.0% | Metoda, Gujarat, India | |||
| Manushka Iron and Steel Private Limited | ₹50.04 Cr (FY 2019) | -15.0% | Jaipur, Rajasthan, India | |||
| Steel Barrel Private Limited | ₹49.98 Cr (FY 2024) | 0.0% | Thakurpukur Mahestola, West Bengal, India | |||
| Supreme Gems Private Limited | ₹49.91 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| BLS Power Solution Limitedthis company | ₹49.89 Cr (FY 2021) | -₹11.6 Lakh | -0.2% | -59.0% | Walajapet, Tamil Nadu, India | |
| Parasmani Gems Private Limited | ₹49.88 Cr (FY 2024) | 23.0% | Ahmedabad, Gujarat, India | |||
| Zanzar Jewels Private Limited | ₹49.86 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| Shangold India Limited | ₹49.81 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Modern Ispat Private Limited | ₹49.79 Cr (FY 2024) | -1.0% | Kolkata, West Bengal, India | |||
| Hilton Merchants Private Limited | ₹49.79 Cr (FY 2018) | 746.0% | Kolkata, West Bengal, India |
To see the full peer comparison of BLS Power Solution Limited, buy the company report.
Auditor
BLS Power Solution Limited is audited by S K GULECHA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K GULECHA & ASSOCIATES | FY 2018 | 013340S |
Shareholding
The shareholding of BLS Power Solution Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of BLS Power Solution Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2011 | 10298000 | Canara Bank | ₹20 Cr | Satisfied | |
| 16 Oct 2000 | 90286692 | Sarana Financial Corporation India Limited | ₹28 Lakh | Satisfied |
To see the full charge records of BLS Power Solution Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
BLS Power Solution Limited has 38 court cases on record: 33 filed by BLS Power Solution, 5 filed against it. 3 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 1 | 1 |
| High courts | 9 | 1 | 0 |
| NCLAT | 2 | 2 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (SPLCC) | Filed against the company by Union of India, Rep by Shri.N.M.Mahesh Kumar | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by an individual | Pending |
| NCLT, Chennai | Company petition | Filed against the company by Union of India | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| NCLAT, Court I | Tribunal matter | Filed against the company by an individual | Disposed |
To see the full case history of BLS Power Solution 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for BLS Power Solution Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
BLS Power Solution has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of BLS Power Solution Limited, buy the company report.
Recent activity
BLS Power Solution Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Mukesh Sharma ceased to be Additional Director on 05 Apr 2025.
7 earlier events are in the company report.
Frequently asked questions
BLS Power Solution is an active public limited company based in Walajapet, Tamil Nadu, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 04 January 1999 (27+ years old) and is registered under CIN U29299TN1999PLC041682.
BLS Power Solution has 3 current directors:
- Rameshwar Lal Latyal - Additional Director
- Vishnu Sharma - Additional Director
- Muthukaruppan Bharanitharan - Additional Director
The latest financial statements of BLS Power Solution on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. BLS Power Solution has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of BLS Power Solution is U29299TN1999PLC041682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BLS Power Solution has 38 court cases on record: 33 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
BLS Power Solution was incorporated on 04 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of BLS Power Solution by revenue are Naarayani Metalics & Engineers Private Limited, Radhe Exim Private Limited, Manushka Iron and Steel Private Limited, Steel Barrel Private Limited, Supreme Gems Private Limited and 5 more, all in the Metals and Minerals industry (Steel, Watches and Jewellery Manufacturers).
Mukesh Sharma ceased to be Additional Director on 05 Apr 2025. Muthukaruppan Bharanitharan was appointed as Additional Director on 05 Apr 2025. Purushothaman ceased to be Additional Director on 20 Feb 2018. BLS Power Solution has 12 board changes on record in total.
The registered office of BLS Power Solution is at No. 8 New Shopping Complex, Sipcot, Walajapet, Tamil Nadu, India – 632403.
BLS Power Solution operates in the consumer goods industry, in the watches and jewelry manufacturing segment.