Garg Acrylics Limited logo

Garg Acrylics Limited

Manufacturer of cotton, acrylic, and polyester yarns and knitted hosiery garments, with global presence.

1983 North West Delhi, Delhi (India) Active

About

Basic Data Updated:

12 days ago

Garg Acrylics Limited, previously known as Mercury Finance and Leasing Company Limited, is primarily engaged in the production of cotton, acrylic, polyester, and blended yarns. Additionally, the company has a strong presence in the manufacturing of knitted hosiery garments. The products of GAL are marketed under the renowned brands Swadesh and Lotus, and are widely distributed in various markets including Asia, Europe, United States, and Africa. With plants located in Ludhiana and Bathinda, Punjab, GAL boasts a total installed capacity of 3,65,000 operational spindles for yarn production. Currently, the company has a daily capacity of 2,15,00 kg. GAL was incorporated in 1983 and its registered office is situated in Delhi.

Industry

Company Details

  • Location

    North West Delhi, Delhi, India

  • Website
    1222442
  • Telephone
    1222442
  • Email Address
    1222442
  • Social Media
    1222442
CIN/LLPIN/FCRNL74999DL1983PLC017001
Company No.017001
Company ClassificationPublic Limited Indian Non-Government Company
Incorporation Date22 Nov 1983
Date of AGM29 Sep 2023
Date of Balance Sheet31 Mar 2023
Listing StatusListed
ROC CodeRoc Delhi

Products or Services related to Garg Acrylics Limited

Glitter Yarn

Yarn

SINGLE JERSEY

Jersey & Knitted Fabric

HANK DYING

Dyeing Machinery

Cotton Polyester Blended Dyed Yarn

Cotton Yarn

product
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Garg Acrylics Limited offers a wide range of products and services, including: Yarns & Threads, Yarn, Apparel Fabrics & Clothing Textiles, Jersey & Knitted Fabric, Apparel & Textile Machinery, Dyeing Machinery, Cotton Yarn, Spun Yarn, Natural Fiber Yarns, Printed Fabrics.

Financials of Garg Acrylics Limited

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Garg Acrylics Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 53.53% increase. The company also saw a substantial improvement in profitability, with a 1264.85% increase in profit. The company's net worth Soared by an impressive increase of 72.25%.

Enhance accessibility to Garg Acrylics's financial data by unlocking access to both Standalone and Consolidated balance sheets, Profit & Loss Statements, Ratios, Related Party Transactions, and additional relevant information.

Corporate Structure

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Unlock access to Garg Acrylics's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

People in Garg Acrylics Limited

Executive Team (4)

  • SG

    Sanjiv Garg In Managing Director

    Appointment Date: 01-Aug-2010

    Status: Current

  • RG

    Rajiv Garg In Managing Director

    Appointment Date: 28-Sep-1994

    Status: Current

  • RS

    Ramandeep Singh In CFO

    Appointment Date: 20-Sep-2016

    Status: Current

  • PR

    Priya Rani Company Secretary

    Appointment Date: 22-Mar-2021

    Status: Current

Board Members(5)

Charges (Loans)

Open Charges Satisfied Charges

₹1,045.81 cr

₹1,267.92 cr

LenderAmountStatus

Hdfc Bank Limited

Creation Date: 22 Mar 2024
₹1.70 MOpen

Hdfc Bank Limited

Creation Date: 22 Jan 2024
₹2.49 CrOpen

Hdfc Bank Limited

Creation Date: 13 Dec 2023
₹50.00 CrOpen

Deals i

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Gain comprehensive insights into the Deals and Valuation data of Garg Acrylics, 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 Garg Acrylics's trajectory.

Rating

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Alert

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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.

Related Corporates (Common Directorship)

  • Sueryaa Knitwear Limited

    Sueryaa Knitwear Limited

    Active build-icon 29 years 2 months

    Sanjay Sahni is a mutual person

  • Entrepreneurs' Organization (Punjab)

    Entrepreneurs' Organization (Punjab)

    Active build-icon 10 years 1 month

    Rajiv Garg is a mutual person

  • Dcm Financial Services Limited

    Dcm Financial Services Limited

    Active build-icon 33 years 2 months

    Sanjay Sahni is a mutual person

  • Puri Oil Mills Limited.

    Puri Oil Mills Limited.

    Active build-icon 28 years 11 months

    Avnish Dhingra is a mutual person

  • Pushpa Yarns Private Limited

    Pushpa Yarns Private Limited

    Active build-icon 15 years 30 days

    Sanjiv Garg and Rajiv Garg are mutual person

  • Indoglobal Infratech Private Limited

    Indoglobal Infratech Private Limited

    Active build-icon 16 years 1 month

    Sanjiv Garg is a mutual person

Recent activity within the organization

  • Activity

    Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.17 cr with Charge ID 100893142 was registered on 22 Mar 2024.

    22 Mar 2024
  • Activity

    Charges

    A charge with Hdfc Bank Limited amounted to Rs. 2.49 cr with Charge ID 100855213 was registered on 22 Jan 2024.

    22 Jan 2024
  • Activity

    Charges

    A charge with Hdfc Bank Limited amounted to Rs. 50.00 cr with Charge ID 100837673 was registered on 13 Dec 2023.

    13 Dec 2023
  • Activity

    Charges

    A charge registered on 20 Nov 2020 via Charge ID 100418183 with Hdfc Bank Limited was fully satisfied on 07 Dec 2023.

    07 Dec 2023
  • Activity

    Charges

    A charge registered on 27 May 2022 via Charge ID 100587843 with The South Indian Bank Limited was fully satisfied on 03 Nov 2023.

    03 Nov 2023

Recent News, Updates & Announcement

Frequently asked questions

What is the Incorporation or founding date of Garg Acrylics Limited?

Garg Acrylics Limited was incorporated 40 years 5 months ago on 22 Nov 1983 with Registrar of Companies Roc Delhi.

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