Garg Acrylics Limited

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

1983 | Delhi (India) | Active
Last Updated:

Garg Acrylics Profile

Key Indicators

  • Authorised Capital ₹ 31.20 Cr
  • Paid Up Capital ₹ 6.64 Cr
  • Company Age 41 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 745.52 Cr
  • Satisfied Charges ₹ 1,568.21 Cr
  • Revenue Growth 53.53%
  • Profit Growth 1264.85%
  • Ebitda 172.77%
  • Net Worth 72.25%
  • Total Assets 13.12%

About Garg Acrylics

Garg Acrylics Limited (GAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 November 1983 and has a history of 41 years and five months. Its registered office is in Delhi, India.

The Corporate was formerly known as Mercury Finance And Leasing Company Limited. 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 31.20 Cr and a paid-up capital of Rs 6.64 Cr.

The company currently has active open charges totaling ₹745.52 Cr. The company has closed loans amounting to ₹1,568.21 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Garg Acrylics Limited India are Priya Rani as COMPANY SECRETARY and Ramandeep Singh as Cfo. Rajiv Garg, Ujjwal Garg, Misha Nayar, and Three other members serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L74999DL1983PLC017001

  • Company No.

    017001

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Nov 1983

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Delhi

Industry

Manufacturing

What products or services does Garg Acrylics Limited offer?

Garg Acrylics Limited offers a wide range of products and services, including Apparel & Textile Machinery, Dyeing Machinery, Winter Wear & Accessories, Sweater, Yarns & Threads, Polyester Yarn, Natural Fiber Yarns, Apparel Fabrics & Clothing Textiles, Jersey & Knitted Fabric, Printed Fabrics.

Company report

Garg Acrylics Limited

Explore comprehensive data for Garg Acrylics Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Garg Acrylics?

Executive Team (4)

NameDesignationAppointment DateStatus
Rajiv Garg Country flag representing In Managing Director28-Sep-1994Current
Priya Rani Company Secretary22-Mar-2021Current
Ramandeep Singh Country flag representing In CFO20-Sep-2016Current
Sanjiv Garg Country flag representing In Managing Director01-Aug-2010Current

Board Members (4)

NameDesignationAppointment DateStatus
Ujjwal Garg Country flag representing In Whole-Time Director 01-Apr-2006Current
Misha Nayar Country flag representing In Director 22-Mar-2021Current
Avnish Dhingra Country flag representing In Director 22-Mar-2021Current
Sanjay Sahni Country flag representing In Director 22-Mar-2021Current

Financial Performance of Garg Acrylics.

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%.

Garg Acrylics revenue growth over time
Garg Acrylics 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
53.53%
Revenue from Operations
53.48%
Total Assets
13.12%
Profit or Loss
1264.85%
Net Worth
72.25%
EBITDA
172.77%

What is the Ownership and Shareholding Structure of Garg Acrylics?

In 2022, Garg Acrylics had a promoter holding of 56.29% and a public holding of 43.71%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹745.52 Cr

Satisfied Charges

₹1,568.21 Cr

Charges Breakdown by Lending Institutions

  • Others : 565.60 Cr
  • Hdfc Bank Limited : 54.92 Cr
  • Yes Bank Limited : 50.00 Cr
  • Punjab National Bank : 40.00 Cr
  • Idbi Bank Limited : 35.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Mar 2024Hdfc Bank Limited₹1.70 MOpen
22 Jan 2024Hdfc Bank Limited₹2.49 CrOpen
13 Dec 2023Hdfc Bank Limited₹50.00 CrOpen
16 Dec 2022Others₹110.00 CrOpen
22 Nov 2022Yes Bank Limited₹50.00 CrOpen

How Many Employees Work at Garg Acrylics?

Garg Acrylics has a workforce of 3851 employees as of Apr 06, 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 Garg Acrylics Limited

Deals i

Graph showing company valuation over time

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

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 Garg Acrylics

Recent activity within the organization

  • Charges

    A charge registered on 28 Oct 2021 via Charge ID 100502332 with Others was fully satisfied on 13 Nov 2024.

  • Annual General Meeting

    Garg Acrylics Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 13 Aug 2021 via Charge ID 100472761 with Hdfc Bank Limited was fully satisfied on 09 Aug 2024.

  • Charges

    A charge registered on 28 Dec 2012 via Charge ID 10399387 with Punjab National Bank (Consortium) was fully satisfied on 03 Jul 2024.

  • Balance Sheet

    Garg Acrylics Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Charges

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

Frequently asked questions

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

    Garg Acrylics Limited was incorporated on 22 Nov 1983.

  • What is authorized share capital and paid-up capital of Garg Acrylics Limited?

    The authorized share capital of Garg Acrylics Limited is ₹ 31.20 Cr and paid-up capital is ₹ 6.64 Cr.

  • Who are the current board members & directors of Garg Acrylics Limited?

    Currently 8 directors are associated with Garg Acrylics Limited.

    • Rajiv Garg
    • Ujjwal Garg
    • Misha Nayar
    • Priya Rani
    • Ramandeep Singh
    • Avnish Dhingra
    • Sanjay Sahni
    • Sanjiv Garg

  • What is the registered address of Garg Acrylics Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Garg Acrylics Limited is A- 50/1 Wazirpur Industrial Area India, Delhi, 110052.

  • What is the corporate identification number (CIN) and company number of Garg Acrylics Limited?

    The corporate identification number (CIN) of Garg Acrylics Limited is L74999DL1983PLC017001 and the company number is 017001 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Garg Acrylics Limited?

    The Official website of Garg Acrylics Limited is https://www.gargltd.com

  • What has been the recent revenue trend for Garg Acrylics Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Garg Acrylics Limited has risen by 53.53%.

  • How many employees does Garg Acrylics Limited currently have?

    As Per 2022 financial reports, 3851 employees are currently employed by Garg Acrylics Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Garg Acrylics Limited has experienced an upsurge of 72.25%.

  • What are the total open charges for Garg Acrylics Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Garg Acrylics Limited amount to ₹ 745.52 Cr.

  • When was the last Balance Sheet of Garg Acrylics Limited filed with the ROC?

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

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