Ganga Acrowools Limited

Manufacturer of worsted acrylic and blended yarns for various textile applications.

1994 | Ludhiana, Punjab (India) | Active
Last Updated:

Ganga Acrowools Profile

Key Indicators

  • Authorised Capital ₹ 30.50 Cr
  • Paid Up Capital ₹ 28.09 Cr
  • Company Age 31 Year, 1 Month
  • 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 31 years and one month. 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

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

Manufacturing

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)

NameDesignationAppointment DateStatus
Ravinder Verma Country flag representing In Managing Director26-Jul-1999Current
Sumit Jain Country flag representing In Company Secretary05-Aug-2015Current
Rajiv Khanna Country flag representing In CFO03-Sep-2014Current

Board Members (6)

NameDesignationAppointment DateStatus
Barkha Thapar Country flag representing In Whole-Time Director 27-May-2017Current
Jagdeep Goel Country flag representing In Additional Director 18-Jan-2024Current
Bal Bindal Country flag representing In Director 06-Dec-2014Current
Deepinder Kalra Country flag representing In Whole-Time Director 29-Oct-2021Current
Inderjit Bhatia Country flag representing In Director 11-Oct-2007Current
Ajay Sharma Country flag representing In Whole-Time Director 01-Feb-2007Current

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%.

Ganga Acrowools revenue growth over time
Ganga Acrowools 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
5.45%
Revenue from Operations
4.42%
Total Assets
-12.36%
Profit or Loss
-24.98%
Net Worth
15.40%
EBITDA
-20.32%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹219.16 Cr

Satisfied Charges

₹338.36 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 119.66 Cr
  • Axis Bank Limited : 99.50 Cr

Latest Charge Details

DateLenderAmountStatus
15 Jun 2022Hdfc Bank Limited₹1.45 CrOpen
26 May 2022Hdfc Bank Limited₹1.03 CrOpen
17 Mar 2022Hdfc Bank Limited₹1.80 MOpen
04 Mar 2022Axis Bank Limited₹9.00 CrOpen
22 Feb 2022Hdfc Bank Limited₹8.00 CrOpen

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.

Employee growth trends for Ganga Acrowools Limited

Deals i

Graph showing company valuation over time

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

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 Ganga Acrowools

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 8.00 Cr registered on 22 Feb 2022 with Charge ID 100547045 was modified on 06 Apr 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 75.00 Cr registered on 22 Jul 2021 with Charge ID 100468837 was modified on 06 Apr 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 21.75 Cr registered on 28 Jan 2021 with Charge ID 100415517 was modified on 06 Apr 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 11.75 Cr registered on 20 Aug 2019 with Charge ID 100287265 was modified on 06 Apr 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 9.00 Cr registered on 04 Mar 2022 with Charge ID 100548136 was modified on 20 Mar 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 68.00 Cr registered on 25 May 2021 with Charge ID 100449195 was modified on 20 Mar 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Ganga Acrowools Limited?

    Ganga Acrowools Limited was incorporated on 02 Feb 1994.

  • What is authorized share capital and paid-up capital of Ganga Acrowools Limited?

    The authorized share capital of Ganga Acrowools Limited is ₹ 30.50 Cr and paid-up capital is ₹ 28.09 Cr.

  • Who are the current board members & directors of Ganga Acrowools Limited?

    Currently 9 directors are associated with Ganga Acrowools Limited.

    • Ravinder Verma
    • Barkha Thapar
    • Jagdeep Kumar Goel
    • Sumit Jain
    • Rajiv Khanna
    • Bal Krishan Bindal
    • Deepinder Singh Kalra
    • Inderjit Singh Bhatia
    • Ajay Kumar Sharma

  • What is the registered address of Ganga Acrowools Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ganga Acrowools Limited is 249 Industrial Area-A, Ludhiana, Punjab, India, 141003.

  • What is the corporate identification number (CIN) and company number of Ganga Acrowools Limited?

    The corporate identification number (CIN) of Ganga Acrowools Limited is U17117PB1994PLC014190 and the company number is 014190 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ganga Acrowools Limited?

    The Official website of Ganga Acrowools Limited is https://www.gangaacrowools.com

  • What has been the recent revenue trend for Ganga Acrowools Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ganga Acrowools Limited has risen by 5.45%.

  • How many employees does Ganga Acrowools Limited currently have?

    As Per 2023 financial reports, 3883 employees are currently employed by Ganga Acrowools Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Ganga Acrowools Limited has experienced an upsurge of 15.40%.

  • What are the total open charges for Ganga Acrowools Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ganga Acrowools Limited amount to ₹ 219.16 Cr.

  • When was the last Balance Sheet of Ganga Acrowools Limited filed with the ROC?

    The most recent Balance Sheet for Ganga Acrowools Limited was filed with the ROC on 31 Mar 2023.

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