About Borosil Technologies Limited
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Borosil Technologies Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Borosil 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 medical and laboratory equipment segment of the healthcare sector. It was incorporated on 23 November 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2009PLC197226. Its GSTIN is 27AADCB9364L1Z6 (Maharashtra).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.58 Cr. It was formerly known as Borosil Glass Limited. It was led by directors including Sreejith Palekudy Sukumaran Kumar (Whole-Time Director) and Vinayak Patankar Madhukar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹13.24 Cr, a growth of 103% compared to the previous year. For the same year it recorded a net loss of ₹50.62 Lakh (net margin -3.8%) and EBITDA of -₹5.14 Lakh (EBITDA margin -0.4%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 407% over five years.
The company had about 67 employees on its provident fund (EPFO) records before it was dissolved.
The last known website on record is borosil.com.
Company details
Contact details
Borosil Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is borosil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1101 Crescenzo G – Block Opp. Mca Club Bandra – Kurla Complex Ban, Dra East, Mumbai, Maharashtra, India – 400051
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Borosil Technologies 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 Borosil Technologies is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Borosil Technologies Limited, buy the company report.
Financials of Borosil Technologies Limited
FY 2023 filings availableBorosil Technologies Limited reported revenue of ₹13.24 Cr (up 103% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 407% over five years, including 103% growth in the latest year. EBITDA fell 134% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.14 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50.62 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.4% | ||||
| Net Profit Margin | -3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Borosil Technologies Limited, buy the company report.
Board of directors of Borosil Technologies Limited
Borosil Technologies 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 |
|---|---|---|---|---|
| Vinayak Patankar Madhukar Also directs: Goel Scientific Glass Works Limited, Borosil Scientific Limited | Director | 02 Apr 2018 | 8 Years 7 Months | As last reported |
| Sreejith Palekudy Sukumaran Kumar Also directs: Goel Scientific Glass Works Limited | Whole-Time Director | 02 Apr 2018 | 8 Years 7 Months | As last reported |
| Rajesh Chaudhary Kumar Also directs: Borosil Limited | Director | 02 Apr 2018 | 8 Years 7 Months | As last reported |
Auditor
Borosil Technologies Limited is audited by Pathak H.D. & & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H.D. & & Associates LLP | FY 2022 | 107783W / W100593 |
Shareholding
The shareholding of Borosil Technologies 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 Borosil Technologies Limited, buy the company report.
Legal cases
No court or tribunal cases involving Borosil Technologies 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
Borosil Technologies Limited has 21 MSME Form 1 returns on record between 2019 and 2023, listing 5,545 overdue payments to 169 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 169)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Universal Calibration Services Private Limited | |||
| an individual supplier | |||
| General Imsubs Private Limited | |||
| TN Packaging Private Limited | |||
| Vishal Rubber Technologies Private Limited |
To see the full MSME payment records of Borosil Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Borosil Technologies Limited has a workforce of 67 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Borosil Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB9364L1Z6 | Maharashtra | Active | 23 May 2018 |
To see the full GST registrations and return filing status of Borosil Technologies Limited, buy the company report.
Recent activity
Borosil Technologies Limited has 9 board changes on record since 2018: 3 appointments and 6 cessations. The latest: Rajesh Chaudhary Kumar ceased to be Additional Director on 28 Sep 2018.
News
Frequently asked questions
Borosil Technologies 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.
Borosil Technologies was a public limited company based in Mumbai, Maharashtra, India. The company worked in medical and laboratory equipment, within the healthcare industry. It was incorporated on 23 November 2009 and is registered under CIN U36999MH2009PLC197226. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Borosil Technologies was incorporated on 23 November 2009. It is registered with the Registrar of Companies, Mumbai.
Borosil Technologies had 3 directors:
- Sreejith Palekudy Sukumaran Kumar - Whole-Time Director
- Vinayak Patankar Madhukar - Director
- Rajesh Chaudhary Kumar - Director
The CIN (Corporate Identification Number) of Borosil Technologies is U36999MH2009PLC197226. 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 Borosil Technologies is at 1101 Crescenzo G – Block Opp. Mca Club Bandra – Kurla Complex Ban, Dra East, Mumbai, Maharashtra, India – 400051.
Borosil Technologies can be reached through the website borosil.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Borosil Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Borosil Technologies is 27AADCB9364L1Z6, registered in Maharashtra.
Borosil Technologies operated in the healthcare industry, in the medical and laboratory equipment segment.
Borosil Technologies has 21 MSME Form 1 returns on record between 2019 and 2023, listing 5,545 overdue payments to 169 micro and small suppliers. The latest return was filed on 16 Dec 2023.
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