Gala Precision Engineering Limited

Manufactures various types of springs and offers fastening solutions.

2009 | Thane, Maharashtra (India) | Active
Last Updated: July 06, 2024

Gala Precision Engineering Profile

Key Indicators

  • Authorised Capital ₹ 18.00 Cr
  • Paid Up Capital ₹ 10.11 Cr
  • Company Age 15 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 109.33 Cr
  • Satisfied Charges ₹ 35.32 Cr
  • Revenue Growth -1.43%
  • Profit Growth -67.85%
  • Ebitda -26.06%
  • Net Worth 5.81%
  • Total Assets 7.58%

About Gala Precision Engineering

Gala Precision Engineering Limited (GPEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 February 2009 and has a history of 15 years and 11 months. Its registered office is in Thane, Maharashtra, India.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 18.00 Cr and a paid-up capital of Rs 10.11 Cr.

The company currently has active open charges totaling ₹109.33 Cr. The company has closed loans amounting to ₹35.32 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gala Precision Engineering Limited India are Giridhar Srinivasan as CFO and Pooja Ladha as Company Secretary. Rajendra Gogri, Balkishan Jalan, Neha Gada, and Five other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29268MH2009PLC190522

  • Company No.

    190522

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 2009

  • Date of AGM

    05 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Gala Precision Engineering Limited offer?

Gala Precision Engineering Limited offers a wide range of products and services, including Cleaning Liquids & Wipes, Cleaning Chemicals, Ultrasonic Cleaner, Buffing, Surface Finishing Machines, Finishing Machine, Industrial Springs, Disc Springs, Air Springs & Compression Springs, Torsion Springs, Brake Parts.

Who are the key members and board of directors at Gala Precision Engineering?

Executive Team (3)

Name Designation Appointment Date Status
Kirit Gala Country flag representing In Managing Director 01-Jun-2009 Current
Giridhar Srinivasan CFO 22-Dec-2023 Current
Pooja Ladha Country flag representing In Company Secretary 09-Oct-2023 Current

Board Members (7)

Name Designation Appointment Date Status
Neha Gada Country flag representing In Director 22-Dec-2023 Current
Rajendra Gogri Country flag representing In Director 28-Aug-2018 Current
Balkishan Jalan Country flag representing In Whole-Time Director 01-Nov-2009 Current
Snehal Shah Country flag representing Gb Director 23-Dec-2023 Current
Varsha Galvankar Country flag representing In Director 22-Dec-2023 Current
Sudhir Gosar Director 12-Jan-2024 Current

Financial Performance of Gala Precision Engineering.

Gala Precision Engineering Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 1.43% decrease. The company also saw a substantial fall in profitability, with a 67.85% decrease in profit. The company's net worth moved up by a moderate rise of 5.81%.

Graph illustrating revenue growth over time
Graph showing 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
-1.43%
Revenue from Operations
-1.23%
Total Assets
7.58%
Profit or Loss
-67.85%
Net Worth
5.81%
EBITDA
-26.06%

What is the Ownership and Shareholding Structure of Gala Precision Engineering?

In 2021, Gala Precision Engineering had a promoter holding of 72.48% and a public holding of 27.53%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹109.33 Cr

Satisfied Charges

₹35.32 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 79.49 Cr
  • Yes Bank Limited : 29.83 Cr

Latest Charge Details

Date Lender Amount Status
20 Sep 2023 Hdfc Bank Limited ₹1.99 M Open
04 Jul 2023 Hdfc Bank Limited ₹1.16 M Open
04 Jul 2023 Hdfc Bank Limited ₹1.17 M Open
01 Jun 2022 Hdfc Bank Limited ₹0.87 M Open
13 Nov 2019 Yes Bank Limited ₹28.20 Cr Open

How Many Employees Work at Gala Precision Engineering?

Gala Precision Engineering has a workforce of 282 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gala Precision Engineering, 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 Gala Precision Engineering'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 Gala Precision Engineering

Recent activity within the organization

  • Director Appointment

    Sudhir Tokarshi Gosar was appointed as a Director was appointed as a Director on 12 Jan 2024 & has been associated with this company since 1 year 21 days .

    12 Jan 2024

  • Director Appointment

    Snehal Shah was appointed as a Director was appointed as a Director on 23 Dec 2023 & has been associated with this company since 1 year 1 month .

    23 Dec 2023

  • Director Appointment

    Neha Rajen Gada was appointed as a Director was appointed as a Director on 22 Dec 2023 & has been associated with this company since 1 year 1 month .

    22 Dec 2023

  • Director Appointment

    Giridhar Srinivasan was appointed as a Cfo was appointed as a Cfo on 22 Dec 2023 & has been associated with this company since 1 year 1 month .

    22 Dec 2023

  • Director Appointment

    Varsha Rajaram Galvankar was appointed as a Director was appointed as a Director on 22 Dec 2023 & has been associated with this company since 1 year 1 month .

    22 Dec 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 78.97 Cr registered on 01 Dec 2015 with Charge ID 10611004 was modified on 17 Oct 2023.

    17 Oct 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Gala Precision Engineering Limited was incorporated on 23 Feb 2009.

  • The authorized share capital of Gala Precision Engineering Limited is ₹ 18.00 Cr and paid-up capital is ₹ 10.11 Cr.

  • Currently 10 directors are associated with Gala Precision Engineering Limited.

    • Rajendra Vallabhaji Gogri
    • Balkishan Shyamsunder Jalan
    • Neha Rajen Gada
    • Giridhar Srinivasan
    • Kirit Vishanji Gala
    • Snehal Shah
    • Varsha Rajaram Galvankar
    • Sudhir Tokarshi Gosar
    • Satish Dayaldas Kotwani
    • Pooja Ladha
  • As per Ministry of Corporate Affairs (Mca), the registered address of Gala Precision Engineering Limited is A-59 Road No. 10 Wagle Industrial Estate, Thane, Maharashtra, India, 400604.

  • The corporate identification number (CIN) of Gala Precision Engineering Limited is U29268MH2009PLC190522 and the company number is 190522 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Gala Precision Engineering Limited is https://www.galagroup.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Gala Precision Engineering Limited has fallen by -1.43%.

  • As Per 2020 financial reports, 282 employees are currently employed by Gala Precision Engineering Limited.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Gala Precision Engineering Limited has experienced an upsurge of 5.81%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Gala Precision Engineering Limited amount to ₹ 109.33 Cr.

  • The most recent Balance Sheet for Gala Precision Engineering Limited was filed with the ROC on 31 Mar 2023.

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