About Abc Bearings Limited
Data last updated:
Abc Bearings Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 30 May 1961.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L29130MH1961PLC012028. Its GSTIN is 27AAACT5018Q2ZX (Maharashtra). The company held 10 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 19 Feb 2019 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.55 Cr. It was led by directors including Pradip Manubhai Patel (Managing Director) and Sahir Sudhir Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 20 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2017, the company reported a revenue of ₹190.35 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹11.85 Cr (net margin 6.2%) and EBITDA of ₹35.39 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years.
The company was associated with 1 brand: ABC Bearings. As per MCA filings, the company had satisfied charges of ₹303.87 Cr on record. Court records list 35 cases involving the company, including 17 filed by the company and 18 filed against it; 4 cases are pending. The company has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2017. Its 3 peer companies in the Machinery and Equipment industry (Bearings, Tools and Components), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Bharat Electrodrives Private Limited with revenue of ₹191.48 Cr.
The last known website on record is abcbearings.com.
Company details
CIN history
Abc Bearings has one previous CIN (Corporate Identification Number): U29130MH1961PLC012028. The current CIN is L29130MH1961PLC012028, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29130MH1961PLC012028 | Current |
| U29130MH1961PLC012028 | Previous |
Contact details
Abc Bearings Limited's registered office is in Mumbai, Maharashtra. Its website is abcbearings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Abc Bearings 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
Abc Bearings operates one associated brand: ABC Bearings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bearings for automobiles are manufactured by ABC Bearings. | abcbearings.com |
Business activity
The main business activity of Abc Bearings is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Abc Bearings Limited, buy the company report.
Financials of Abc Bearings Limited
FY 2017 filings availableAbc Bearings Limited reported revenue of ₹190.35 Cr (up 6% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over three years, including 6% growth in the latest year. EBITDA rose 27% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹190.35 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹35.39 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹11.85 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 18.6% | ||
| Net Profit Margin | 6.2% | ||
| 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 Abc Bearings Limited, buy the company report.
Board of directors and KMP of Abc Bearings Limited
Abc Bearings Limited currently reports 8 directors and 2 key managerial personnel. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Manubhai Patel Also directs: Manoway Properties Private Limited, Ziwani Properties LLP, Jadeite Properties LLP and 5 more | Managing Director | 01 Aug 1986 | 40 Years 2 Months | As last reported |
| Shishir Kisonlal Diwanji | Director | 23 Jun 1988 | 38 Years 4 Months | As last reported |
| Nalin Mansukhlal Shah | Director | 16 Jul 2013 | 13 Years 3 Months | As last reported |
| Jolly Abraham Plammoottil | Director | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Sahir Sudhir Patel Also directs: Nispera Foundation, Essex Properties LLP | Whole-Time Director | 19 Oct 2016 | 10 Years 0 Months | As last reported |
| Sanjay Babubhai Desai | Company Secretary | 07 Jun 2005 | 21 Years 4 Months | As last reported |
Peer comparison
Abc Bearings Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Bearings, Tools and Components), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharat Electrodrives Private Limited | ₹191.48 Cr (FY 2025) | 55.0% | Nashik, Maharashtra, India | |||
| Abc Bearings Limitedthis company | ₹190.35 Cr (FY 2017) | ₹11.85 Cr | 6.2% | 6.0% | 364 | Mumbai, Maharashtra, India |
| Integra Automation Private Limited | ₹187.97 Cr (FY 2025) | -26.0% | Coimbatore, Tamil Nadu, India | |||
| Spun Micro Processing Private Limited | ₹185.97 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Abc Bearings Limited, buy the company report.
Auditor
Abc Bearings Limited is audited by PARIKH & SHAH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARIKH & SHAH | FY 2017 | 107528W |
Shareholding
The shareholding of Abc Bearings Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Abc Bearings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2013 | 10458217 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied | |
| 20 Jul 2013 | 10437969 | Others | ₹18.75 Cr | Satisfied | |
| 06 Aug 2011 | 10303609 | State Bank of India | ₹50 Cr | Satisfied | |
| 29 Oct 2009 | 10182964 | Idbi Bank Limited | ₹26.5 Cr | Satisfied | |
| 25 May 2009 | 10162687 | Idbi Bank Limited | ₹35 Cr | Satisfied |
To see the full charge records of Abc Bearings Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Abc Bearings Limited has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Acquisition | Undisclosed | Buyer: Timken India Limited |
| Sep 2011 | Market trade | ₹97.2 Lakh | Seller: an individual |
| Jul 2010 | Market trade | ₹79.4 Lakh | Seller: Life Insurance Corporation Of India |
| Jun 2010 | Market trade | ₹1.07 Cr | Seller: Goldman Sachs Investments Mauritius I Ltd |
| Nov 2008 | Market trade | ₹33.7 Lakh | Buyer: Copthall Mauritius Investment Limited Seller: Bsma Limited |
To see the full deal history of Abc Bearings 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
Abc Bearings Limited has 35 court cases on record: 17 filed by Abc Bearings, 18 filed against it. 4 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 11 | 0 |
| High courts | 14 | 7 | 4 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Vizzitec Solutions Pvt.Ltd. and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Dakshin Gujarat Vij Co. Ltd., and 1 other | Disposed |
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Standard Corporation India Ltd. and 2 others | Disposed |
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Gujarat State Road Development Corporation Ltd and 3 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Ms United India Insurance Co. Ltd. | Disposed |
To see the full case history of Abc Bearings 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 Abc Bearings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Abc Bearings Limited has a workforce of 364 employees on its EPFO records as of Mar 23, 2024, across 2 active EPFO establishments.
GST
Abc Bearings has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT5018Q2ZX | Maharashtra | Active | 14 Aug 2017 |
| 07AAACT5018Q1Z0 | Delhi | Active | 18 Aug 2017 |
To see the full GST registrations and return filing status of Abc Bearings Limited, buy the company report.
Recent activity
Abc Bearings Limited has 16 board changes on record since 1969: 13 appointments and 3 cessations. The latest: Sahir Sudhir Patel was appointed as Whole-Time Director on 19 Oct 2016.
47 earlier events are in the company report.
Frequently asked questions
Abc Bearings has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Abc Bearings was a public limited company based in Mumbai, Maharashtra, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 30 May 1961 and is registered under CIN L29130MH1961PLC012028. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Abc Bearings was incorporated on 30 May 1961. It is registered with the Registrar of Companies, Mumbai.
Abc Bearings had 10 directors and KMP:
- Pradip Manubhai Patel - Managing Director
- Sahir Sudhir Patel - Whole-Time Director
- Tanuj Manubhai Patel - Whole-Time Director
- Sudhir Manubhai Patel - Whole-Time Director
- Shishir Kisonlal Diwanji - Director
- Nalin Mansukhlal Shah - Director
- Jolly Abraham Plammoottil - Director
- Jal Ratanshaw Patel - Director
- Sanjay Babubhai Desai - Company Secretary
- Sudhirkumar Bhanwarsingh Choudhary - Cfo
The CIN (Corporate Identification Number) of Abc Bearings is L29130MH1961PLC012028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abc Bearings is recorded as a listed company by MCA, but its shares were delisted from BSE on 19 Feb 2019 · merger, and no longer trade on a stock exchange.
The registered office of Abc Bearings is at 402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.
Abc Bearings can be reached through the website abcbearings.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Abc Bearings on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 20 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Abc Bearings is 27AAACT5018Q2ZX, registered in Maharashtra. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 07AAACT5018Q1Z0 (Delhi).
Abc Bearings operated in the machinery and equipment industry, in the industrial tools and components segment.