Ganga Acrowools Profile
Key Indicators
- Authorised Capital ₹ 30.50 Cr
- Paid Up Capital ₹ 28.09 Cr
- Company Age 30 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 219.16 Cr
- Satisfied Charges ₹ 338.36 Cr
- Revenue Growth 5.45%
- Profit Growth -24.98%
- Ebitda -20.32%
- Net Worth 15.40%
- Total Assets -12.36%
About Ganga Acrowools
Ganga Acrowools Limited (GAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 February 1994 and has a history of 30 years and 11 months. Its registered office is in Ludhiana, Punjab, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 30.50 Cr and a paid-up capital of Rs 28.09 Cr.
The company currently has active open charges totaling ₹219.16 Cr. The company has closed loans amounting to ₹338.36 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ganga Acrowools Limited India are Sumit Jain as COMPANY SECRETARY and Rajiv Khanna as Cfo. Ravinder Verma, Barkha Thapar, Jagdeep Goel, and Four other members serve as directors at the Company.
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17117PB1994PLC014190
- Company No.
014190
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
02 Feb 1994
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
What products or services does Ganga Acrowools Limited offer?
Ganga Acrowools Limited offers a wide range of products and services, including Yarns & Threads, Textile Yarn, Furnishing Yarns, Yarn, Weaving Yarn.
Who are the key members and board of directors at Ganga Acrowools?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravinder Verma  | Managing Director | 26-Jul-1999 | Current |
| Sumit Jain | Company Secretary | 05-Aug-2015 | Current |
| Rajiv Khanna | CFO | 03-Sep-2014 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Barkha Thapar | Whole-Time Director | 27-May-2017 | Current |
| Jagdeep Goel | Additional Director | 18-Jan-2024 | Current |
| Bal Bindal | Director | 06-Dec-2014 | Current |
| Deepinder Kalra | Whole-Time Director | 29-Oct-2021 | Current |
| Inderjit Bhatia | Director | 11-Oct-2007 | Current |
| Ajay Sharma | Whole-Time Director | 01-Feb-2007 | Current |
Financial Performance of Ganga Acrowools.
Ganga Acrowools Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.45% increase. The company also saw a substantial fall in profitability, with a 24.98% decrease in profit. The company's net worth Soared by an impressive increase of 15.4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Ganga Acrowools?
In 2023, Ganga Acrowools had a promoter holding of 89.56% and a public holding of 10.44%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ganga Benevolent & Development FoundationRavinder Verma is a mutual person
Sohana Acrowools Private LimitedRavinder Verma is a mutual person
- Minar Enterprises Private Limited
Ravinder Verma is a mutual person
- Mitul Industries Private Limited
Ravinder Verma is a mutual person
- Minar Spinners Private Limited
Barkha Thapar is a mutual person
- Disecto Technologies Private Limited
Jagdeep Goel is a mutual person
Charges (Loans)
₹219.16 Cr
₹338.36 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 119.66 Cr
- Axis Bank Limited : 99.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2022 | Hdfc Bank Limited | ₹1.45 Cr | Open |
| 26 May 2022 | Hdfc Bank Limited | ₹1.03 Cr | Open |
| 17 Mar 2022 | Hdfc Bank Limited | ₹1.80 M | Open |
| 04 Mar 2022 | Axis Bank Limited | ₹9.00 Cr | Open |
| 22 Feb 2022 | Hdfc Bank Limited | ₹8.00 Cr | Open |
How Many Employees Work at Ganga Acrowools?
Ganga Acrowools has a workforce of 3883 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ganga Acrowools, 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 Ganga Acrowools's trajectory.
Rating
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
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.
