Gaekwar Mills Limited

Textile company specializing in cotton spinning, weaving, dyeing, and sale of fibrous products.

1949 | Mumbai, Maharashtra (India) | Active
Last Updated:

Gaekwar Mills Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 2.00 Cr
  • Company Age 75 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 37.31 Cr
  • Satisfied Charges ₹ 32.83 Cr
  • Revenue Growth 63.08%
  • Profit Growth 44.51%
  • Ebitda 0.88%
  • Net Worth -5.84%
  • Total Assets -21.06%

About Gaekwar Mills

Gaekwar Mills Limited (GML) was founded in India on 31 August 1949 and has a glorious history of 75 years and six months.Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 502850.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 2.00 Cr.

The company currently has active open charges totaling ₹37.31 Cr. The company has closed loans amounting to ₹32.83 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gaekwar Mills Limited India are Nidhi Sharda as Company Secretary, Dhruv Shah as Cfo, and Shweta Shah as Ceo. Mihir Parikh, Bhavik Shah, Shweta Shah, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17120MH1949PLC007731

  • Company No.

    007731

  • Stock Symbol

    BSE : 502850

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Aug 1949

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

Who are the key members and board of directors at Gaekwar Mills?

Executive Team (3)

NameDesignationAppointment DateStatus
Nidhi Sharda Country flag representing In Company Secretary01-Nov-2021Current
Dhruv Shah CFO01-Dec-2021Current
Shweta Shah CEO20-Oct-2021Current

Board Members (4)

NameDesignationAppointment DateStatus
Mihir Parikh Country flag representing In Director 29-May-2024Current
Bhavik Shah Country flag representing In Director 29-May-2024Current
Shweta Shah Country flag representing In Whole-Time Director 31-Mar-2015Current
Mipan Shah Country flag representing In Director 01-Dec-2021Current

Financial Performance of Gaekwar Mills.

Gaekwar Mills Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 63.08% increase. The company also saw a substantial improvement in profitability, with a 44.51% increase in profit. The company's net worth dipped by a decrease of 5.84%.

Gaekwar Mills revenue growth over time
Gaekwar Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
63.08%
Revenue from Operations
Total Assets
-21.06%
Profit or Loss
44.51%
Net Worth
-5.84%
EBITDA
0.88%

What is the Ownership and Shareholding Structure of Gaekwar Mills?

In 2022, Gaekwar Mills had a promoter holding of 1.07% and a public holding of 98.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹37.31 Cr

Satisfied Charges

₹32.83 Cr

Charges Breakdown by Lending Institutions

  • Platinum Square Private Limited : 35.00 Cr
  • Industrial Development Bank Of India : 1.76 Cr
  • Industrial Reconstruction Bank Of India : 0.55 Cr

Latest Charge Details

DateLenderAmountStatus
21 May 2013Platinum Square Private Limited₹5.00 CrOpen
23 Dec 2010Platinum Square Private Limited₹30.00 CrOpen
19 Dec 1985Industrial Reconstruction Bank Of India₹5.50 MOpen
28 Mar 1985Industrial Development Bank Of India₹1.76 CrOpen
30 Nov 1984Union Bank Of India₹1.18 MSatisfied

How Many Employees Work at Gaekwar Mills?

Unlock and access historical data on people associated with Gaekwar Mills, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Gaekwar Mills Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gaekwar Mills, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gaekwar Mills's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Gaekwar Mills

Recent activity within the organization

  • Annual General Meeting

    Gaekwar Mills Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Mihir Rajesh Parikh was appointed as a Director was appointed as a Director on 29 May 2024 & has been associated with this company since 9 months 9 days .

  • Director Appointment

    Bhavik Ashokkumar Shah was appointed as a Director was appointed as a Director on 29 May 2024 & has been associated with this company since 9 months 9 days .

  • Balance Sheet

    Gaekwar Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Mipan Navinchandra Shah was appointed as a Director was appointed as a Director on 01 Dec 2021 & has been associated with this company since 3 years 3 months .

  • Director Appointment

    Dhruv Nikunj Shah was appointed as a Cfo was appointed as a Cfo on 01 Dec 2021 & has been associated with this company since 3 years 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Gaekwar Mills Limited?

    Gaekwar Mills Limited was incorporated on 31 Aug 1949.

  • What is authorized share capital and paid-up capital of Gaekwar Mills Limited?

    The authorized share capital of Gaekwar Mills Limited is ₹ 2.00 Cr and paid-up capital is ₹ 2.00 Cr.

  • Who are the current board members & directors of Gaekwar Mills Limited?

    Currently 7 directors are associated with Gaekwar Mills Limited.

    • Mihir Rajesh Parikh
    • Bhavik Ashokkumar Shah
    • Nidhi Ganesh Sharda
    • Shweta Dhruv Shah
    • Mipan Navinchandra Shah
    • Dhruv Nikunj Shah
    • Shweta Dhruv Shah

  • What is the registered address of Gaekwar Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gaekwar Mills Limited is 2/2 Flr-Grd Plot-2 New Sion Chs Swami Vallabhdas Marg Road No 24 Sindhi Colo Ny, India, Mumbai, Maharashtra, 400022.

  • What is the corporate identification number (CIN) and company number of Gaekwar Mills Limited?

    The corporate identification number (CIN) of Gaekwar Mills Limited is L17120MH1949PLC007731 and the company number is 007731 as per Ministry of Corporate Affairs (MCA).

  • Is Gaekwar Mills Limited registered with any stock exchange in India?

    Yes, Gaekwar Mills Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Gaekwar Mills Limited?

    The Official website of Gaekwar Mills Limited is https://www.gaekwarmills.com

  • What has been the recent revenue trend for Gaekwar Mills Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gaekwar Mills Limited has risen by 63.08%.

  • What change has been observed in the net worth of Gaekwar Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Gaekwar Mills Limited has experienced an downturn of -5.84%.

  • What are the total open charges for Gaekwar Mills Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gaekwar Mills Limited amount to ₹ 37.31 Cr.

  • When was the last Balance Sheet of Gaekwar Mills Limited filed with the ROC?

    The most recent Balance Sheet for Gaekwar Mills Limited was filed with the ROC on 31 Mar 2024.

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