Bhansali Engineering Polymers Limited (BEPL) stands as a prominent name in the polymer industry, renowned for its commitment to excellence, innovation, and sustainability. Established with a vision to deliver top-quality products and services, the company has grown into a symbol of stability and growth, particularly in the Indian market.
Business Segments
BEPL operates primarily in the manufacturing and sale of high-quality polymer resins, with a focus on meeting diverse industrial needs. The company’s business segments are strategically designed to cater to various market demands, ensuring a robust revenue stream. The key business segments include:
- ABS and SAN Resin Manufacturing: This segment forms the core of BEPL’s operations, producing Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN) resins. These resins are widely used in automotive, electronics, and consumer goods industries. The segment contributed approximately 100% of the total revenue in FY 2024-25, with gross sales reaching ₹1,64,898.74 lakhs and net sales (excluding GST and excise) at ₹1,39,774.37 lakhs.
The company’s dedication to this segment is evident from its production volume of 74,681 TPA against an installed capacity of 75,000 TPA, showcasing its efficiency and market adaptability.
Products and Services
BEPL offers a range of high-quality polymer products and services tailored to meet the needs of various industries. The products are designed to exceed customer expectations with innovative solutions. The detailed list of products and their revenue breakup for FY 2024-25 includes:
- ABS Resins: These versatile thermoplastic polymers are used in manufacturing automotive parts, electronic housings, and household appliances. They account for a significant portion of the revenue, contributing approximately 70% of the total net sales of ₹1,39,774.37 lakhs.
- SAN Resins: Known for their clarity and strength, SAN resins are utilized in kitchenware, cosmetic packaging, and medical devices, making up around 30% of the net sales.
The company’s focus on maintaining quality standards at par with global benchmarks ensures that these products meet diverse industrial requirements, driving consistent revenue growth.
Company History
Founded in 1986 by Mr. B.M. Bhansali, Bhansali Engineering Polymers Limited began as a pioneering venture in the ABS and SAN manufacturing business. Starting with a modest setup, the company quickly established itself as a leader under Mr. Bhansali’s visionary leadership. Over the decades, BEPL has evolved from a small enterprise to a robust organization with a strong presence in the polymer industry. Key milestones include the establishment of manufacturing plants in Abu Road and Satnoor, the introduction of innovative resin products, and the recognition of Mr. Bhansali with prestigious awards such as the “Udyog Ratan Award” and “International Achievers Award for Business Excellence.” The company’s journey reflects a continuous process of growth, adaptation, and excellence, aligning with its mission to be a value-driven organization.
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Brands
BEPL has built a reputation for quality and innovation through its branded products, which are well-regarded in the market. The company’s brand portfolio and their revenue contribution for FY 2024-25 are as follows:
- BEPL ABS: This brand encompasses a wide range of ABS resins tailored for automotive and electronic applications, contributing approximately 70% of the net sales of ₹1,39,774.37 lakhs.
- BEPL SAN: Focused on transparent and durable SAN resins for household and industrial use, this brand accounts for about 30% of the net sales.
These brands are synonymous with reliability and quality, reinforcing BEPL’s position as a preferred supplier in the polymer market.
Geographical Presence
BEPL has established a strong geographical footprint across India, with marketing offices and manufacturing plants strategically located to serve diverse regions. The geographical presence and revenue breakup for FY 2024-25 are detailed below:
- Western India (Maharashtra, Gujarat, Rajasthan): Including Mumbai (registered office), Ahmedabad, Gandhidham, and the Abu Road plant, this region contributes approximately 60% of the net sales of ₹1,39,774.37 lakhs, driven by industrial demand and proximity to key markets.
- Southern India (Karnataka, Tamil Nadu): With offices in Bengaluru and Chennai, this region accounts for about 20% of the net sales, catering to the growing electronics and automotive sectors.
- Northern India (Haryana): The Gurugram office serves this region, contributing around 10% of the net sales, focusing on consumer goods and industrial applications.
- Central India (Madhya Pradesh): The Satnoor plant supports this region, adding approximately 10% to the net sales, supporting local manufacturing needs.
This widespread presence ensures efficient distribution and customer service across the country.
Financial Performance
Consolidated Profit and Loss Statement (₹ in lakhs)
| Particulars | 2024-25 | 2023-24 | 2022-23 | 2021-22 | 2020-21 |
|---|---|---|---|---|---|
| Gross Sales | 1,64,898.74 | 1,43,951.21 | 1,60,779.02 | 1,63,834.66 | 1,52,434.35 |
| Net Sales (Excl. GST/Excise) | 1,39,774.37 | 1,22,173.60 | 1,36,255.66 | 1,39,395.00 | 1,29,194.75 |
| Profit Before Tax | 24,359.02 | 24,276.41 | 19,479.24 | 47,208.64 | 44,597.65 |
| Tax | 6,377.09 | 6,303.11 | 5,886.36 | 12,263.30 | 11,256.34 |
| Profit After Tax | 17,981.93 | 17,973.30 | 13,592.88 | 34,945.34 | 33,341.31 |
| Profit for the Year | 17,863.38 | 17,863.56 | 13,562.91 | 34,932.03 | 33,294.59 |
Consolidated Balance Sheet (₹ in lakhs)
| Particulars | 2024-25 | 2023-24 | 2022-23 | 2021-22 | 2020-21 |
|---|---|---|---|---|---|
| Equity Share Capital | 2,488.58 | 2,488.58 | 1,659.06 | 1,659.06 | 1,659.06 |
| Other Equity | 97,558.43 | 89,649.39 | 1,04,966.95 | 96,381.20 | 66,426.35 |
| Total Equity (Net Worth) | 1,00,047.01 | 92,137.97 | 1,06,626.01 | 98,040.26 | 68,085.41 |
| Net Worth per Equity Share (₹1 each) | 40.20 | 37.02 | 42.85 | 39.40 | 27.36 |
| Current Ratio | 11.25 | 7.13 | 10.88 | 8.48 | 8.11 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
BEPL’s corporate structure includes a joint venture, enhancing its operational scope. The details and revenue breakup for FY 2024-25 are:
- Bhansali Nippon A & L Private Limited: A joint venture company registered at 301 & 302, 3rd Floor, Peninsula Heights, C.D. Barfiwala Road, Andheri (West), Mumbai – 400 058. This entity contributes approximately 10% of the total revenue, supporting specialized production and market expansion efforts.
There are no wholly-owned subsidiaries or additional associates listed.
Physical Properties
BEPL’s physical infrastructure supports its manufacturing and marketing operations across India. The list includes:
- Registered Office: 301 & 302, 3rd Floor, Peninsula Heights, C.D. Barfiwala Road, Andheri (West), Mumbai – 400 058.
- Marketing Offices:
- Ahmedabad: 504, 5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad – 380 009 (Gujarat).
- Gandhidham: House No. SDX-North-69, Gandhidham, Kutch – 370 201, Gujarat.
- Bengaluru: Unit No: 907, 9th Floor, A Wing, Mittal Towers, MG Road, Bengaluru – 560 001 (Karnataka).
- Haryana: Unit no: 302, 3rd Floor, Palm Court Building, 20/4, Sukhrali Chowk, Opposite Huda Park, Sector 14, Gurugram – 122 001 (Haryana).
- Chennai: Ground Floor, Thiruthani Murgan Complex, No. 2/52, Pillaiyar Koil Street, New Colony, Porur, Chennai – 600116.
- Pune: Office No. 302, 3rd Floor, Jaydeep Business Centre, Near Indrayani Sweet Corner, Plot No. 114, Bhosari, Pune – 411026.
- Manufacturing Plants:
- Abu Road: Plot no. SP-138-143, Bhansali Nagar, Post: Paradsinga, Ambaji Industrial Area, Abu Road, Taluka Sausar, Dist.: Chhindwara, Sirohi – 307 026 (Rajasthan).
- Satnoor: Bhansali Nagar, Post: Paradsinga, Taluka Sausar, Dist.: Chhindwara, Satnoor – 480108 (Madhya Pradesh).
These facilities ensure efficient production and distribution capabilities.
Founders Details
The company was founded by Mr. B.M. Bhansali, who entered the ABS and SAN manufacturing business in 1986 by setting up Bhansali Engineering Polymers Limited. A visionary leader, he has been honored with the “Udyog Ratan Award” by the Institute of Economic Studies, “Indian Achievers Award for Quality Excellence” by All India Achievers Foundation, and “International Achievers Award for Business Excellence” by the International Achievers Conference. His leadership has been instrumental in shaping BEPL’s growth and success.
Board of Directors
The board of BEPL comprises experienced professionals guiding the company’s strategic direction. The detailed list of directors includes:
- Mr. B. M. Bhansali: Chairman and Managing Director (re-designated w.e.f. 1st April, 2024). He founded the company and has extensive experience in polymer manufacturing.
- Mr. Jayesh B. Bhansali: Joint Managing Director cum Chief Financial Officer. A Post Graduate in Commerce, he manages marketing, finance, and general administration.
- Mr. Rohinton Bomanshaw Anklesaria: Non-Executive Independent Director (appointed w.e.f. 1st April, 2024). A Fellow Member of the Institute of Chartered Accountants of India (ICAI) with over 45 years of practice.
- Mr. Firdaus Nariman Pavri: Non-Executive Independent Director (appointed w.e.f. 1st April, 2024). A B.Com and Law graduate, currently Additional General Manager-Legal at Shapoorji Pallonji Real Estate.
- Ms. Taruna Niraj Kumbhar: Non-Executive Independent Woman Director (appointed w.e.f. 1st April, 2024). A Fellow Member of the Institute of Company Secretaries of India with expertise in corporate governance.
- Mr. Dilip Krushnarao Shendre: Executive Director (Manufacturing) (appointed w.e.f. 1st April, 2024). A B.Tech in Chemical Engineering and MBA, with 41 years of experience in factory operations.
Investment Details
BEPL’s investment portfolio includes passive investments to support its growth strategy. The details for FY 2024-25 are:
- Joint Venture with Nippon A & L Private Limited: Contributes approximately 10% of the revenue, focusing on specialized production.
Future Investment Plans
The company has outlined plans for capacity expansion, as detailed in the Board’s Report. This includes enhancing production capabilities to meet growing market demands, with a focus on maintaining cost leadership and quality standards. Further details on the proposed expansion and timelines are provided in the statutory section of the report.
This comprehensive overview highlights BEPL’s journey, operational strengths, and strategic vision, positioning it as a leader in the polymer industry with a promising future ahead.
Frequently Asked Questions about Bhansali Engineering Polymers Limited
What is Bhansali Engineering Polymers Limited?
Bhansali Engineering Polymers Limited (BEPL) is an ISO 9001:2015 certified company founded in 1986, specializing in the manufacturing of ABS and SAN resins for industries like automotive, electronics, and consumer goods.
What products does BEPL offer?
BEPL offers ABS Resins, contributing 70% of net sales, used in automotive parts and electronics, and SAN Resins, making up 30% of net sales, utilized in kitchenware and medical devices.
Where is BEPL geographically located?
BEPL has a strong presence in Western India (60% revenue), Southern India (20%), Northern India (10%), and Central India (10%), with offices in Mumbai, Ahmedabad, Bengaluru, Gurugram, Chennai, Pune, and plants in Abu Road and Satnoor.
Who founded Bhansali Engineering Polymers Limited?
BEPL was founded by Mr. B.M. Bhansali in 1986, who has been honored with awards like the Udyog Ratan Award and International Achievers Award for Business Excellence.
What are the financial highlights for FY 2024-25?
In FY 2024-25, BEPL achieved gross sales of ₹1,64,898.74 lakhs, net sales of ₹1,39,774.37 lakhs, profit before tax of ₹24,359.02 lakhs, and profit after tax of ₹17,981.93 lakhs, with a net worth of ₹1,00,047.01 lakhs.
What are BEPL’s business segments?
BEPL’s primary business segment is ABS and SAN Resin Manufacturing, contributing 100% of revenue, serving automotive, electronics, and consumer goods industries.
What brands does BEPL operate under?
BEPL operates under BEPL ABS (70% of net sales) for automotive and electronic applications, and BEPL SAN (30% of net sales) for household and industrial uses.
Who are the key members of BEPL’s Board of Directors?
Key board members include Mr. B.M. Bhansali (Chairman and Managing Director), Mr. Jayesh B. Bhansali (Joint Managing Director), and independent directors like Mr. Rohinton Bomanshaw Anklesaria and Ms. Taruna Niraj Kumbhar.
What subsidiaries or joint ventures does BEPL have?
BEPL has a joint venture, Bhansali Nippon A & L Private Limited, contributing 10% of revenue, with no wholly-owned subsidiaries or additional associates.
What are BEPL’s physical properties?
BEPL’s properties include a registered office in Mumbai, marketing offices in Ahmedabad, Gandhidham, Bengaluru, Gurugram, Chennai, and Pune, and manufacturing plants in Abu Road and Satnoor.
What is BEPL’s vision and mission?
BEPL’s vision is to attain excellence with quality products, exceed customer expectations with innovative products, build value for stakeholders, and be a value-driven organization. Its mission is to be the lowest-cost ABS producer in India with global quality standards and to strengthen HRD for market challenges.
What are BEPL’s future investment plans?
BEPL plans to expand production capacity, as detailed in the Board’s Report, to meet growing market demands while maintaining cost leadership and quality standards.
What activities does BEPL undertake?
BEPL conducts training programs, celebrates Environment Day, International Yoga Day, and Independence Day to engage employees and promote well-being and sustainability.
