Essari Bearings Private Limited

Essari Bearings Private Limited - machinery and equipment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U50300TN2007PTC061995 Incorporated 10 January 2007 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company machinery and equipment MSME · Micro
Data last updated
Revenue · FY 2024
₹41.1 Lakh
▼ 24% YoY
Net loss · FY 2024
₹26.7 Lakh
Net margin -65%
EBITDA · FY 2024
-₹13.43 Lakh
EBITDA margin -32.7%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹12.32 Lakh
Issued & subscribed
Open charges
₹72.73 Lakh
Secured borrowings
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings

About Essari Bearings Private Limited

Data last updated:

Essari Bearings Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 10 January 2007 and has been in existence for over 19 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U50300TN2007PTC061995. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.32 Lakh. It is led by directors Sundar Subramaniam and Sundar Subramaniam Thilakavathy.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 1 Ekambara Naicker Industrial Estate Alappakkam Porur, Chennai, Tamil Nadu, India – 600116.

As per the financials filed for FY 2024, the company reported a revenue of ₹41.1 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹26.7 Lakh (net margin -65%) and EBITDA of -₹13.43 Lakh (EBITDA margin -32.7%). Revenue has declined at a compounded annual rate (CAGR) of 18% over five years.

As per MCA filings, the company has open charges of ₹72.73 Lakh on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending.

Essari Bearings Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0013365). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sribearings.in.

Company details

CIN U50300TN2007PTC061995
Registration Number 061995
Incorporation Date 10 January 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-24-0013365
Key People
Sundar Subramaniam Director Sundar Subramaniam Thilakavathy Director

Recognitions & Rankings of Essari Bearings

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-TN-24-0013365

Contact details

Essari Bearings Private Limited's registered office is in Chennai, Tamil Nadu. Its website is sribearings.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    sribearings.in
  • Registered Address
    No 1 Ekambara Naicker Industrial Estate Alappakkam Porur, Chennai, Tamil Nadu, India – 600116
  • Industry
    Machinery and Equipment, Industrial Tools & Components

To see the full contact details of Essari Bearings Private Limited, buy the company report.

Comprehensive company report
Essari Bearings Private Limited - one report that includes everything
  • 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
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Secure checkout · GST invoice included

Business activity

The main business activity of Essari Bearings is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Essari Bearings Private Limited, buy the company report.

Financials of Essari Bearings Private Limited

FY 2024 filings available

Essari Bearings Private Limited reported revenue of ₹41.1 Lakh (down 24% YoY) for FY 2024.

Revenue · FY 2024
₹41.1 Lakh ▼ 24%
Net loss · FY 2024
₹26.7 Lakh margin -65%
EBITDA · FY 2024
-₹13.43 Lakh margin -32.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 24%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 113%
3 years · compounded
▼ 601%
5 years · compounded
▼ 23%

Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 24% fall in the latest year. EBITDA fell 113% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹13.43 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹26.7 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-32.7%
Net Profit Margin-65%
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 Essari Bearings Private Limited, buy the company report.

Board of directors of Essari Bearings Private Limited

Essari Bearings has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sundar SubramaniamDirector10 Jan 200719 Years 9 MonthsCurrent
Sundar Subramaniam ThilakavathyDirector29 Jan 20188 Years 9 MonthsCurrent
View all directors

Auditor

Essari Bearings Private Limited is audited by PARIMELAZHAGAN & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PARIMELAZHAGAN & COFY 20230006514S

Shareholding

The shareholding of Essari Bearings 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Essari Bearings Private Limited, buy the company report.

Charges & borrowings

Open charges
₹72.73 Lakh
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹0.73 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Sep 200910235938Canara Bank₹72.73 LakhOpen

To see the full charge records of Essari Bearings Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Essari Bearings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Essari Bearings has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Essari Bearings Private Limited, buy the company report.

Recent activity

Essari Bearings Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Meena Subramani ceased to be Director on 29 Jan 2018.

AGM
Essari Bearings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Essari Bearings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Canara Bank of Rs. 72.73 Lakh registered on 19 Sep 2009 with Charge ID 10235938 was modified on 11 Jun 2020.
Ceased
Meena Subramani ceased to be Director.
Appointed
Sundar Subramaniam Thilakavathy was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 72.73 Lakh with Charge ID 10235938 was registered on 19 Sep 2009.
Appointed
Meena Subramani was appointed as Director.
Appointed
Sundar Subramaniam was appointed as Director.
Incorporation
10 Jan 2007
Essari Bearings Private Limited was registered on 10 Jan 2007 with Roc Chennai & aged 19 years 9 months as per MCA records.

Frequently asked questions

Essari Bearings is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 10 January 2007 (19+ years old) and is registered under CIN U50300TN2007PTC061995.

Essari Bearings has 2 current directors:

The latest financial statements of Essari Bearings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

No. Essari Bearings has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Essari Bearings is U50300TN2007PTC061995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Essari Bearings has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.

Essari Bearings was incorporated on 10 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.

Meena Subramani ceased to be Director on 29 Jan 2018. Sundar Subramaniam Thilakavathy was appointed as Director on 29 Jan 2018. Meena Subramani was appointed as Director on 10 Jan 2007. Essari Bearings has 4 board changes on record in total.

Yes, Essari Bearings is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-24-0013365).

Essari Bearings can be reached through the website sribearings.in. Its registered office is in Chennai, Tamil Nadu, India.