MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-26-0000524
Bhandary Power Lines Private Limited - manufacturing in Manipal, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.07 Cr
▲ 1% YoY
Net profit · FY 2025
₹56.96 Lakh
Net margin 5.7%
EBITDA · FY 2025
₹1.13 Cr
EBITDA margin 11.2%
Authorised capital
₹3.25 Cr
Registered with MCA
Paid-up capital
₹2.9 Cr
Issued & subscribed
Open charges
₹18.68 Cr
Secured borrowings
Company age
37 yrs
Est. 1989
Employees · EPFO
55
Provident fund records
About Bhandary Power Lines Private Limited
Data last updated:
Bhandary Power Lines Private Limited is a private limited company based in Manipal, Karnataka, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 13 April 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40104KA1989PTC010002. Its GSTIN is 29AAACB5192R1ZZ (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3.25 Cr and a paid-up capital of ₹2.9 Cr. It is led by directors including Mithun Prabhakar Bhandary (Whole-Time Director) and Lata Prabhakar Bhandary.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3 – B Industrial Area Manipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.07 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹56.96 Lakh (net margin 5.7%) and EBITDA of ₹1.13 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.68 Cr on record. Court records list 27 cases involving the company, including 14 filed by the company and 13 filed against it; 2 cases are pending.
Bhandary Power Lines Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-26-0000524). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhandarypowerlines.com.
Company details
CIN U40104KA1989PTC010002
Registration Number 010002
Incorporation Date 13 April 1989
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-26-0000524
CIN history
Bhandary Power Lines has one previous CIN (Corporate Identification Number): U85110KA1989PTC010002. The current CIN is U40104KA1989PTC010002, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40104KA1989PTC010002 | Current |
| U85110KA1989PTC010002 | Previous |
Key People
Mithun Prabhakar Bhandary Whole-Time Director Lata Prabhakar Bhandary Director Minal Poonawala Director Recognitions & Rankings of Bhandary Power Lines
Contact details
Bhandary Power Lines Private Limited's registered office is in Manipal, Karnataka. Its website is bhandarypowerlines.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3 – B Industrial Area Manipal, Karnataka, India – 576104
- IndustryManufacturing, Cable & Wire
To see the full contact details of Bhandary Power Lines Private Limited, buy the company report.
Comprehensive company report
Bhandary Power Lines 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Bhandary Power Lines is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Bhandary Power Lines Private Limited, buy the company report.
Financials of Bhandary Power Lines Private Limited
FY 2025 filings availableBhandary Power Lines Private Limited reported revenue of ₹10.07 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹10.07 Cr ▲ 1%
Net profit · FY 2025
₹56.96 Lakh margin 5.7%
EBITDA · FY 2025
₹1.13 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 6%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 56%
3 years · compounded
▼ 6%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 1% growth in the latest year. EBITDA rose 56% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹1.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹56.96 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Bhandary Power Lines Private Limited, buy the company report.
Board of directors of Bhandary Power Lines Private Limited
Bhandary Power Lines has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lata Prabhakar Bhandary | Director | 06 Sep 2019 | 7 Years 1 Months | Current |
| Minal Poonawala | Director | 01 Jan 2024 | 2 Years 9 Months | Current |
| Prabhakar Thimmappa Bhandary | Director | 13 Apr 1989 | 37 Years 6 Months | Current |
| Mithun Prabhakar Bhandary | Whole-Time Director | 02 Jun 2016 | 10 Years 4 Months | Current |
Peer comparison
Bhandary Power Lines Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Daksh Wire and Pin Private Limited | ₹10.27 Cr (FY 2025) | -24.0% | Serampore, West Bengal, India | |||
| Sark Cables Private Limited | ₹10.11 Cr (FY 2024) | 20.0% | Palakkad, Kerala, India | |||
| Bhandary Power Lines Private Limitedthis company | ₹10.07 Cr (FY 2025) | ₹56.96 Lakh | 5.7% | 1.0% | 55 | Manipal, Karnataka, India |
| JBC Auto Tech Private Limited | ₹10.03 Cr (FY 2024) | 34.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Bhandary Power Lines Private Limited, buy the company report.
Auditor
Bhandary Power Lines Private Limited is audited by KAMATH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMATH & CO. | FY 2022 | 012593S |
Shareholding
The shareholding of Bhandary Power Lines Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhandary Power Lines Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.68 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2024 | 101024366 | Canara Bank | ₹50 Lakh | Open | |
| 19 May 2022 | 100586527 | Canara Bank | ₹8 Lakh | Open | |
| 28 Sep 2020 | 100380648 | Canara Bank | ₹8.5 Lakh | Open | |
| 05 Mar 2018 | 100178460 | Others | ₹7 Lakh | Open | |
| 20 Nov 2001 | 90198035 | Canara Bank | ₹3 Lakh | Open |
To see the full charge records of Bhandary Power Lines Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Bhandary Power Lines Private Limited has 27 court cases on record: 14 filed by Bhandary Power Lines, 13 filed against it. 2 cases are pending and 25 are disposed.
Total cases
27
Filed by the company
14
Filed against the company
13
Pending
2
Disposed
25
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 5 | 1 |
| High courts | 13 | 8 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by Universal Power Transformer Private Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Universal Power Transformer Pvt Ltd | Disposed |
| District court, UDUPI, Karnataka | Execution petition | Filed by the company against Universal Power Transformer Private Ltd. RB Managing Director. | Disposed |
| District court, UDUPI, Karnataka | Civil suit | Filed by the company against Universal Power Transformer Pvt. Ltd., Rep by Its Managing Director | Disposed |
| District court, UDUPI, Karnataka | Criminal complaint | Filed by the company against Rameshwari Wires Pvt. Ltd, Rep. by V. Prabhakar | Disposed |
To see the full case history of Bhandary Power Lines Private 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 Bhandary Power Lines Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhandary Power Lines Private Limited has a workforce of 55 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
55
Active EPFO establishments
2
Employee growth
-6.78%
GST
Bhandary Power Lines has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB5192R1ZZ | Karnataka | Active | 01 Jul 2017 |
| 24AAACB5192R1Z9 | Gujarat | Active | 01 Jul 2017 |
| 27AAACB5192R1Z3 | Maharashtra | Active | 07 Jul 2017 |
To see the full GST registrations and return filing status of Bhandary Power Lines Private Limited, buy the company report.
Recent activity
Bhandary Power Lines Private Limited has 11 board changes on record since 1989: 4 appointments and 7 cessations. The latest: Minal Poonawala ceased to be Additional Director on 29 Sep 2024.
AGM
Bhandary Power Lines Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 11.00 Cr registered on 24 Sep 1991 with Charge ID 90196583 was modified on 02 Jul 2025.
Filing
Bhandary Power Lines Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 0.50 Cr with Charge ID 101024366 was registered on 03 Dec 2024.
Ceased
Minal Poonawala ceased to be Additional Director.
Appointed
Minal Poonawala was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 0.08 Cr with Charge ID 100586527 was registered on 19 May 2022.
Ceased
Ashtad Firdosh Poonawala ceased to be Whole-Time Director.
Charges
A charge with Canara Bank amounted to Rs. 0.09 Cr with Charge ID 100380648 was registered on 28 Sep 2020.
Appointed
Lata Prabhakar Bhandary was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100178460 was registered on 05 Mar 2018.
Ceased
Mithun Prabhakar Bhandary ceased to be Additional Director.
26 earlier events are in the company report.
Frequently asked questions
Bhandary Power Lines is an active private limited company based in Manipal, Karnataka, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 13 April 1989 (37+ years old) and is registered under CIN U40104KA1989PTC010002.
Bhandary Power Lines has 4 current directors:
- Mithun Prabhakar Bhandary - Whole-Time Director
- Lata Prabhakar Bhandary - Director
- Minal Poonawala - Director
- Prabhakar Thimmappa Bhandary - Director
The latest financial statements of Bhandary Power Lines on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhandary Power Lines is 29AAACB5192R1ZZ, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAACB5192R1Z9 (Gujarat), 27AAACB5192R1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Bhandary Power Lines is U40104KA1989PTC010002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhandary Power Lines has 27 court cases on record: 14 filed by the company and 13 filed against it. 2 are pending. Most are in the district courts.
Bhandary Power Lines was incorporated on 13 April 1989, making it 37+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bhandary Power Lines by revenue are Daksh Wire and Pin Private Limited, Sark Cables Private Limited, JBC Auto Tech Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).
Minal Poonawala ceased to be Additional Director on 29 Sep 2024. Minal Poonawala was appointed as Director on 01 Jan 2024. Ashtad Firdosh Poonawala ceased to be Whole-Time Director on 30 Jan 2021. Bhandary Power Lines has 11 board changes on record in total.
Yes, Bhandary Power Lines is registered as a small enterprise under Udyam registration (number: UDYAM-KR-26-0000524).
Bhandary Power Lines can be reached through the website bhandarypowerlines.com. Its registered office is in Manipal, Karnataka, India.