About Bremels Rubber Industries Private Limited
Data last updated:
Bremels Rubber Industries Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 10 November 1971.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1971PTC021454. Its GSTIN is 29AAACB5835B1ZY (Karnataka). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.39 Cr. It is led by directors Nischith Bhaskar Shetty (Managing Director) and Adith Bhaskar Shetty.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Cr, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.38 Cr (net margin -272.8%) and EBITDA of -₹1.3 Cr (EBITDA margin -105%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 43% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Bremels. As per MCA filings, the company has open charges of ₹36 Cr and satisfied charges of ₹41.29 Cr on record. Court records list 57 cases involving the company, including 27 filed by the company and 30 filed against it; 9 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2015. Its 4 peer companies in the Automobiles industry (Auto Ancillary, Rubber, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 3 smaller; the largest is Madhu Hydro Products Private Limited with revenue of ₹1.24 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 20 overdue payments to 6 micro and small suppliers.
The last known website on record is bremelsrubbers.com.
Company details
CIN history
Bremels Rubber Industries has one previous CIN (Corporate Identification Number): U85110KA1996PTC021454. The current CIN is U85110KA1971PTC021454, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1971PTC021454 | Current |
| U85110KA1996PTC021454 | Previous |
Contact details
Bremels Rubber Industries Private Limited's registered office is in Bangalore, Karnataka. Its website is bremelsrubbers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo – 16D 1st Floor KIADB Complex Srs Road, Opposite 1st Main Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Bremels Rubber Industries Private 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
Brands
Bremels Rubber Industries operates one associated brand: Bremels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of precured tread rubber and tyre supplies in India. | bremelsrubbers.com |
Business activity
The main business activity of Bremels Rubber Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Bremels Rubber Industries Private Limited, buy the company report.
Financials of Bremels Rubber Industries Private Limited
FY 2024 filings availableBremels Rubber Industries Private Limited reported revenue of ₹1.24 Cr (down 97% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 97% fall in the latest year. EBITDA fell 108% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.38 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -105% | ||||
| Net Profit Margin | -272.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Bremels Rubber Industries Private Limited, buy the company report.
Board of directors of Bremels Rubber Industries Private Limited
Bremels Rubber Industries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nischith Bhaskar Shetty | Managing Director | 01 Mar 1999 | 27 Years 8 Months | As last reported |
| Adith Bhaskar Shetty | Director | 02 Jul 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Bremels Rubber Industries Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Rubber, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhu Hydro Products Private Limited | ₹1.24 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Bremels Rubber Industries Private Limitedthis company | ₹1.24 Cr (FY 2024) | -₹3.38 Cr | -272.8% | -97.0% | 1 | Bangalore, Karnataka, India |
| Shridhar Rubber Products (India) Private Limited | ₹1.23 Cr (FY 2016) | -50.0% | Pune, Maharashtra, India | |||
| Sangram Tyres Private Limited | ₹1.23 Cr (FY 2025) | -10.0% | Ahmednagar, Maharashtra, India | |||
| Innomoulds Auto Technology Private Limited | ₹1.23 Cr (FY 2025) | 265.0% | Khed, Maharashtra, India |
To see the full peer comparison of Bremels Rubber Industries Private Limited, buy the company report.
Auditor
Bremels Rubber Industries Private Limited is audited by NIRMAL KUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRMAL KUMAR & ASSOCIATES | FY 2023 | 023163S |
Shareholding
The shareholding of Bremels Rubber Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bremels Rubber Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2018 | 100219677 | Others | ₹36 Cr | Open | |
| 01 Oct 2003 | 90198337 | Canara Bank | ₹1.82 Lakh | Satisfied | |
| 10 Sep 1996 | 90197080 | Others | ₹19 Cr | Satisfied | |
| 10 Sep 1996 | 90200116 | Canara Bank | ₹20 Lakh | Satisfied | |
| 10 Sep 1996 | 90198920 | Canara Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Bremels Rubber Industries Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Bremels Rubber Industries Private Limited has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2015 | Rights issue | ₹2 Cr | Investors: 2 individuals |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Bremels Rubber Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bremels Rubber Industries Private Limited has 57 court cases on record: 27 filed by Bremels Rubber Industries, 30 filed against it. 9 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 15 | 1 |
| High courts | 22 | 7 | 4 |
| NCLAT | 8 | 8 | 4 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Court case (Caveat) | Filed against the company by SGK Agencies Pvt Ltd | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by SGK Agencies Pvt Ltd | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by SGK Agencies Pvt Ltd | Pending |
| High Court | Writ petition | Filed against the company by M/S SGK Agencies Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by SGK Agencies Pvt Ltd | Disposed |
To see the full case history of Bremels Rubber Industries 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.
Credit ratings & regulatory alerts
Bremels Rubber Industries Private Limited was last rated by Crisil on 08 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 08 May 2020 |
To see the full credit ratings and regulatory alerts of Bremels Rubber Industries Private Limited, buy the company report.
MSME payment delays
Bremels Rubber Industries Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 20 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Chemitals Private Limited | |||
| S.S.Industrial Products | |||
| an individual supplier |
To see the full MSME payment records of Bremels Rubber Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bremels Rubber Industries Private Limited has a workforce of 1 employees on its EPFO records as of May 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Bremels Rubber Industries Private Limited, buy the company report.
GST
Bremels Rubber Industries has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB5835B1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bremels Rubber Industries Private Limited, buy the company report.
Recent activity
Bremels Rubber Industries Private Limited has 4 board changes on record since 1996: 3 appointments and 1 cessation. The latest: Adith Bhaskar Shetty was appointed as Director on 02 Jul 2014.
17 earlier events are in the company report.
Frequently asked questions
Bremels Rubber Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Bremels Rubber Industries is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 10 November 1971 and is registered under CIN U85110KA1971PTC021454. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bremels Rubber Industries has 2 current directors:
- Nischith Bhaskar Shetty - Managing Director
- Adith Bhaskar Shetty - Director
The latest financial statements of Bremels Rubber Industries 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.
The CIN (Corporate Identification Number) of Bremels Rubber Industries is U85110KA1971PTC021454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bremels Rubber Industries has open charges of ₹36 Cr and satisfied charges of ₹41.29 Cr as per latest MCA filings.
Bremels Rubber Industries has 57 court cases on record: 27 filed by the company and 30 filed against it. 9 are pending. Most are in the district courts.
Bremels Rubber Industries was incorporated on 10 November 1971. It is registered with the Registrar of Companies, Bangalore.
Bremels Rubber Industries has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2015.
The peers of Bremels Rubber Industries by revenue are Madhu Hydro Products Private Limited, Shridhar Rubber Products (India) Private Limited, Sangram Tyres Private Limited, Innomoulds Auto Technology Private Limited, all in the Automobiles industry (Auto Ancillary, Rubber, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Adith Bhaskar Shetty was appointed as Director on 02 Jul 2014. Lasha Bhaskar Shetty ceased to be Director on 02 Jul 2014. Nischith Bhaskar Shetty was appointed as Managing Director on 01 Mar 1999. Bremels Rubber Industries has 4 board changes on record in total.
Bremels Rubber Industries has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 20 overdue payments to 6 micro and small suppliers. The latest return was filed on 03 Jun 2019.
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