Excel Bearings Private Limited

Excel Bearings Private Limited - metal & minerals in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U29130MH1980PTC022969 Incorporated 11 August 1980 ROC Mumbai HQ Mumbai, Maharashtra, India
Converted to LLP Private Limited Company metal and minerals
Data last updated
Revenue · FY 2022
₹18.74 Lakh
▼ 76% YoY
Net profit · FY 2022
₹6.15 Lakh
Net margin 32.8%
EBITDA · FY 2022
₹7.28 Lakh
EBITDA margin 38.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹29.5 Lakh
Issued & subscribed
Satisfied charges
₹1.83 Cr
No open charges
Company age
46 yrs
Est. 1980
Directors on board
2
As per MCA filings

About Excel Bearings Private Limited

Data last updated:

Excel Bearings Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the metalworking segment of the metals and mining sector. It was incorporated on 11 August 1980.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U29130MH1980PTC022969. The company has 2 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹29.5 Lakh. It was led by directors Mukul Vijay Ajmera and Manish Dhirajlal Ajmera.

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 was at 401 Doli Chambaersstrand Road Colaba, Mumbai, Maharashtra, India – 400005.

As per the financials filed for FY 2022, the company reported a revenue of ₹18.74 Lakh, a decline of 76% compared to the previous year. For the same year it recorded a net profit of ₹6.15 Lakh (net margin 32.8%) and EBITDA of ₹7.28 Lakh (EBITDA margin 38.8%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 2% over five years.

As per MCA filings, the company has satisfied charges of ₹1.83 Cr on record. Court records list 1 case involving the company, including 1 filed against it.

Company Details of Excel Bearings Private Limited
CIN U29130MH1980PTC022969
Registration Number 022969
Incorporation Date 11 August 1980
ROC Mumbai
Listing Status Unlisted
Company Status Converted to LLP
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
Key People
Mukul Vijay Ajmera Director Manish Dhirajlal Ajmera Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    401 Doli Chambaersstrand Road Colaba, Mumbai, Maharashtra, India – 400005
  • Industry
    Metal & Minerals, Metalworking
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Financials, compliance, directors, charges, ownership and filings for Excel Bearings Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Excel Bearings Private Limited FY 2022 filings available

Excel Bearings Private Limited reported revenue of ₹18.74 Lakh (down 76% YoY) for FY 2022.

Revenue · FY 2022
₹18.74 Lakh ▼ 76%
Net profit · FY 2022
₹6.15 Lakh margin 32.8%
EBITDA · FY 2022
₹7.28 Lakh margin 38.8%

Compounded Annual Growth Rate (CAGR) of Excel Bearings Private Limited

Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▲ 75%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 90%
3 years · compounded
▲ 34%
5 years · compounded
▼ 6%

Revenue fell 76% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 90% 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 of Excel Bearings Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
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₹7.28 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹6.15 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 of Excel Bearings Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin38.8%••••••••••••••••
Net Profit Margin32.8%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Excel Bearings are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Excel Bearings Private Limited

Excel Bearings Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Bearings). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Super Jewel Bearings Private Limited₹22.12 Lakh (FY 2025)••••••••-28.0%••••Panvel, Maharashtra, India
Satsang Bearings Private Limited₹21.63 Lakh (FY 2024)••••••••-23.0%••••Chennai, Tamil Nadu, India
Blaze Bearings India Private Limited₹20.46 Lakh (FY 2025)••••••••46.0%••••Mumbai-40003 Wef 21.6.2000, Maharashtra, India
Manish Bearings Private Limited₹19.09 Lakh (FY 2025)••••••••-52.0%••••Delhi, India
Aroma Bearings Private Limited₹19.02 Lakh (FY 2024)••••••••-24.0%••••Meerut, Uttar Pradesh, India
Excel Bearings Private Limited this company₹18.74 Lakh (FY 2022)••••••••-76.0%••••Mumbai, Maharashtra, India
Subhash Bearings Private Limited₹17.19 Lakh (FY 2024)••••••••-14.0%••••Meerut Cantt, Uttar Pradesh, India
Epk Bearings India Private Limited₹16.58 Lakh (FY 2024)••••••••-99.0%••••Hyderabad, Telangana, India
Evo Bearings & Machineries Private Limited₹16.53 Lakh (FY 2023)••••••••••••Kolkata, West Bengal, India
Vishwa Pratik Roller Bearings Private Limited₹15.6 Lakh (FY 2025)••••••••6.0%••••Thane, Maharashtra, India
S N S Bearings Private Limited₹12.36 Lakh (FY 2025)••••••••-17.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Excel Bearings by revenue in the Machinery and Equipment industry (Bearings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Excel Bearings Private Limited

Excel Bearings Private Limited is audited by K.C Mehta & Co. Chartered Accountants for the financial year 2017.

NameStatusAppointment DateCessation Date
K.C Mehta & Co. Chartered AccountantsLockedLockedLocked
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Board of Directors of Excel Bearings Private Limited

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

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Mukul Vijay Ajmera
Also directs: Excel Bearings LLP
Director26 Jun 20197 Years 3 MonthsAs last reported
Manish Dhirajlal Ajmera
Also directs: Excel Bearings LLP
Director11 Aug 198046 Years 2 MonthsAs last reported
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Ownership and Shareholding of Excel Bearings Private Limited

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Promoter, institutional, public and beneficial ownership figures are in the company report.

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Charges & Borrowings of Excel Bearings Private Limited

Open charges
None
Satisfied charges
₹1.83 Cr
Breakdown by lending institutions
Canara Bank₹1.83 Cr
Latest charge details
DateLenderAmountStatus
23 May 1996Canara Bank₹10 LakhSatisfied
15 Dec 1995Canara Bank₹13 LakhSatisfied
02 Dec 1995Canara Bank₹19 LakhSatisfied
17 Jan 1995Canara Bank₹1.41 CrSatisfied

Total charge records: 4 View all charges

Employees and EPFO Compliance at Excel Bearings Private Limited

Excel Bearings Private Limited has a workforce of 0 employees as of Apr 01, 2024.

Active EPFO establishments
1
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

  • Monthly headcount
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Recent Activity on Excel Bearings Private Limited

Excel Bearings Private Limited has 4 board changes on record since 1980: 2 appointments and 2 cessations. The latest: Mukul Vijay Ajmera was appointed as Director on 26 Jun 2019.

AGM
Excel Bearings Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Excel Bearings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.
Appointed
Mukul Vijay Ajmera was appointed as Director.
Ceased
Vijay Dhirajlal Ajmera ceased to be Director.
Charges
A charge registered on 23 May 1996 via Charge ID 90187715 with Canara Bank was fully satisfied on 21 Nov 2015.
Charges
A charge registered on 15 Dec 1995 via Charge ID 90187700 with Canara Bank was fully satisfied on 21 Nov 2015.
Charges
A charge registered on 02 Dec 1995 via Charge ID 90187697 with Canara Bank was fully satisfied on 21 Nov 2015.
Charges
A charge registered on 17 Jan 1995 via Charge ID 90187664 with Canara Bank was fully satisfied on 21 Nov 2015.
Ceased
Dhirajlal Morarji Ajmera ceased to be Director.
Charges
A charge with Canara Bank of Rs. 10.00 Lakh registered on 23 May 1996 with Charge ID 90187715 was modified on 13 Apr 1998.
Charges
A charge with Canara Bank of Rs. 19.00 Lakh registered on 02 Dec 1995 with Charge ID 90187697 was modified on 13 Apr 1998.
Charges
A charge with Canara Bank amounted to Rs. 10.00 Lakh with Charge ID 90187715 was registered on 23 May 1996.

7 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Excel Bearings Private Limited

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MSME Payment Delays by Excel Bearings Private Limited

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Subsidiaries & Group Companies of Excel Bearings Private Limited

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GST Compliance of Excel Bearings Private Limited

Excel Bearings 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.

Total GSTINs
2
Cancelled / inactive
2
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GST registrations and filing compliance

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MCA Filings & Documents of Excel Bearings Private Limited

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MCA filings and documents

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Frequently Asked Questions about Excel Bearings Private Limited

Excel Bearings has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.

Excel Bearings was a private limited company based in Mumbai, Maharashtra, India. The company worked in metalworking, within the metal and minerals industry. It was incorporated on 11 August 1980 and is registered under CIN U29130MH1980PTC022969. For the latest details, refer to the successor LLP entity.

The CIN (Corporate Identification Number) of Excel Bearings is U29130MH1980PTC022969. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Excel Bearings had 2 directors:

Excel Bearings was incorporated on 11 August 1980. It is registered with the Registrar of Companies, Mumbai.

The registered office of Excel Bearings is at 401 Doli Chambaersstrand Road Colaba, Mumbai, Maharashtra, India – 400005.

Excel Bearings reported revenue of ₹18.74 Lakh for FY 2022 (down 76% YoY).

Excel Bearings has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹29.5 Lakh.

Excel Bearings reported a net profit of ₹6.15 Lakh (net margin 32.8%) and EBITDA of ₹7.28 Lakh (EBITDA margin 38.8%) for FY 2022, as per its filed financial statements.

No. Excel Bearings has 2 GST registrations on record and all of them are cancelled or inactive.

Excel Bearings operated in the metal and minerals industry, in the metalworking segment.

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