Garg Acrylics Profile
Key Indicators
- Authorised Capital ₹ 31.20 Cr
- Paid Up Capital ₹ 6.64 Cr
- Company Age 41 Year, 2 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 two 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.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
L74999DL1983PLC017001
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Company No.
017001
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
22 Nov 1983
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Date of AGM
27 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Listed
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ROC Code
Roc Delhi
Industry
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.
Who are the key members and board of directors at Garg Acrylics?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajiv Garg
|
Managing Director | 28-Sep-1994 | Current |
| Priya Rani | Company Secretary | 22-Mar-2021 | Current |
|
Ramandeep Singh
|
CFO | 20-Sep-2016 | Current |
|
Sanjiv Garg
|
Managing Director | 01-Aug-2010 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ujjwal Garg
|
Whole-Time Director | 01-Apr-2006 | Current |
|
Misha Nayar
|
Director | 22-Mar-2021 | Current |
|
Avnish Dhingra
|
Director | 22-Mar-2021 | Current |
|
Sanjay Sahni
|
Director | 22-Mar-2021 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Sueryaa Knitwear LimitedSanjay Sahni is a mutual person
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Entrepreneurs' Organization (Punjab)Rajiv Garg is a mutual person
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Dcm Financial Services LimitedSanjay Sahni is a mutual person
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Puri Oil Mills Limited.Avnish Dhingra is a mutual person
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Pushpa Yarns Private LimitedRajiv Garg and Sanjiv Garg are mutual person
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Shubham Yarns Private Limited
Ujjwal Garg is a mutual person
Charges (Loans)
₹745.52 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Mar 2024 | Hdfc Bank Limited | ₹1.70 M | Open |
| 22 Jan 2024 | Hdfc Bank Limited | ₹2.49 Cr | Open |
| 13 Dec 2023 | Hdfc Bank Limited | ₹50.00 Cr | Open |
| 16 Dec 2022 | Others | ₹110.00 Cr | Open |
| 22 Nov 2022 | Yes Bank Limited | ₹50.00 Cr | Open |
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.
Deals i
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
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.
