MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0013206
Friction Control Products Private Limited - chemicals and materials in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹18.38 Cr
▼ 3% YoY
Net profit · FY 2024
₹1.59 Cr
Net margin 8.7%
EBITDA · FY 2024
₹2.22 Cr
EBITDA margin 12.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.54 Lakh
Issued & subscribed
Satisfied charges
₹1.46 Cr
No open charges
Company age
35 yrs
Est. 1991
Employees · EPFO
19
Provident fund records
About Friction Control Products Private Limited
Data last updated:
Friction Control Products Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 27 March 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U23209KA1991PTC011809. Its GSTIN is 29AAACF2256L1ZG (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.54 Lakh. It was formerly known as Friction Control Products and Services Company Private Limited. It is led by directors Haresh Haridas Asher (Managing Director) and Hemant Haridas Asher.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 486 B2 14th Cross IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.38 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 8.7%) and EBITDA of ₹2.22 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.46 Cr on record.
Friction Control Products Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0013206). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fricon.in.
Company Details of Friction Control Products Private Limited
CIN U23209KA1991PTC011809
Registration Number 011809
Incorporation Date 27 March 1991
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0013206
Recognitions & Rankings of Friction Control Products
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address486 B2 14th Cross IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryChemicals and Materials, Petrochemicals & Derivatives
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Business Activity of Friction Control Products Private Limited
The main business activity of Friction Control Products is manufacturing. In detail, this covers coke and refined petroleum products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Friction Control Products Private Limited FY 2025 filings available
Friction Control Products Private Limited reported revenue of ₹18.38 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹18.38 Cr ▼ 3%
Net profit · FY 2024
₹1.59 Cr margin 8.7%
EBITDA · FY 2024
₹2.22 Cr margin 12.1%
Compounded Annual Growth Rate (CAGR) of Friction Control Products Private Limited
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 11%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 11%
5 years · compounded
▲ 8%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 34% 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 Friction Control Products Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹2.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.59 Cr | •••• | •••• | •••• | •••• |
| 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 Friction Control Products Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 Friction Control Products 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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Board of Directors of Friction Control Products Private Limited
Friction Control Products has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Haresh Haridas Asher | Managing Director | 02 Apr 2004 | 22 Years 6 Months | Current |
| Hemant Haridas Asher | Director | 02 Apr 2004 | 22 Years 6 Months | Current |
Peer Comparison of Friction Control Products Private Limited
Friction Control Products Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Petrochemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anil Petro Lube Private Limited | ₹19.29 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Madanganj Kishangarh, Rajasthan, India |
| Powerlink Oil Refinery Limited | ₹18.95 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Delhi, India |
| Bpcspacific Speciality Petrochemicals Private Limited | ₹18.88 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Cauvery Petrochemicals Private Limited | ₹18.76 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Bengaluru, Karnataka, India |
| Mansapuran Petrochem Pvt Ltd | ₹18.63 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Indore, Madhya Pradesh, India |
| Friction Control Products Private Limited this company | ₹18.38 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| SF Oil Solutions Private Limited | ₹17.89 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Barwala, Haryana, India |
| Vidyut Lubricants Private Limited | ₹17.89 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Nagpur, Maharashtra, India |
| Oltimo Lubes & Chemicals Private Limited | ₹17.82 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Gurgaon, Haryana, India |
| Asianol Biotech Private Limited | ₹17.74 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Kolkata, West Bengal, India |
| Mehra Wax Products Private Limited | ₹17.57 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Amritsar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Friction Control Products by revenue in the Chemicals industry (Petrochemicals), 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 Friction Control Products Private Limited
Friction Control Products Private Limited is audited by RAO ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAO ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Friction Control Products Private Limited
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Charges & Borrowings of Friction Control Products Private Limited
Open charges
None
Satisfied charges
₹1.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2008 | Bank of Baroda | ₹95.5 Lakh | Satisfied |
| 02 Jun 2006 | Bank of Baroda | ₹50 Lakh | Satisfied |
Total charge records: 2 View all charges
MSME Payment Delays by Friction Control Products Private Limited
Friction Control Products Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 13 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raj Petro Specialities Private Limited | •••• | •••• | •••• |
| Essential Aerosols | •••• | •••• | •••• |
| Ducom Instruments Private Limited | •••• | •••• | •••• |
| Instruments Care (Chennai) Private Limited | •••• | •••• | •••• |
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Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Friction Control Products Private Limited
Friction Control Products Private Limited has a workforce of 19 employees as of Oct 10, 2025.
Employee count
19
Active EPFO establishments
1
Employee growth
-9.52%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Friction Control Products Private Limited
Friction Control Products Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Haresh Haridas Asher was appointed as Managing Director on 02 Apr 2004.
AGM
Friction Control Products Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Friction Control Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 11 Nov 2008 via Charge ID 10131152 with Bank Of Baroda was fully satisfied on 27 Mar 2018.
Charges
A charge registered on 02 Jun 2006 via Charge ID 10009117 with Bank Of Baroda was fully satisfied on 10 Dec 2008.
Charges
A charge with Bank Of Baroda of Rs. 95.50 Lakh registered on 11 Nov 2008 with Charge ID 10131152 was modified on 12 Nov 2008.
Charges
A charge with Bank Of Baroda amounted to Rs. 95.50 Lakh with Charge ID 10131152 was registered on 11 Nov 2008.
Charges
A charge with Bank Of Baroda amounted to Rs. 50.00 Lakh with Charge ID 10009117 was registered on 02 Jun 2006.
Appointed
Haresh Haridas Asher was appointed as Managing Director.
Appointed
Hemant Haridas Asher was appointed as Director.
Incorporation
27 Mar 1991
Friction Control Products Private Limited was registered on 27 Mar 1991 with Roc Bangalore & aged 35 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Friction Control Products Private Limited
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Subsidiaries & Group Companies of Friction Control Products Private Limited
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GST Compliance of Friction Control Products Private Limited
Friction Control Products has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACF2256L1ZG | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Friction Control Products Private Limited
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Frequently Asked Questions about Friction Control Products Private Limited
Friction Control Products is an active private limited company based in Bangalore, Karnataka, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 27 March 1991 (35+ years old) and is registered under CIN U23209KA1991PTC011809.
Friction Control Products reported revenue of ₹18.38 Cr for FY 2024 (down 3% YoY).
Friction Control Products has 2 current directors:
- Haresh Haridas Asher - Managing Director
- Hemant Haridas Asher - Director
Friction Control Products reported a net profit of ₹1.59 Cr (net margin 8.7%) and EBITDA of ₹2.22 Cr (EBITDA margin 12.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Friction Control Products is 11% over three years and 5% over five years. In the latest year (FY 2024) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Friction Control Products is 29AAACF2256L1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Friction Control Products is U23209KA1991PTC011809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Friction Control Products was incorporated on 27 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Friction Control Products by revenue are Anil Petro Lube Private Limited, Powerlink Oil Refinery Limited, Bpcspacific Speciality Petrochemicals Private Limited, Cauvery Petrochemicals Private Limited, Mansapuran Petrochem Pvt Ltd and 5 more, all in the Chemicals industry (Petrochemicals).
Haresh Haridas Asher was appointed as Managing Director on 02 Apr 2004. Hemant Haridas Asher was appointed as Director on 02 Apr 2004.
Yes, Friction Control Products is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0013206).
Friction Control Products has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 13 overdue payments to 4 micro and small suppliers. The latest return was filed on 08 Jun 2019.