Garg Furnace Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.41 Cr
- Company Age 51 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 517.21 Cr
- Revenue Growth 33.20%
- Profit Growth -6.06%
- Ebitda -2.10%
- Net Worth 40.49%
- Total Assets 17.94%
About Garg Furnace
Garg Furnace Limited (GFL) was founded in India on 27 December 1973 and has a glorious history of 51 years and one month. Its registered office is in Ludhiana, Punjab, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 530615.
The Corporate was formerly known as Garg Furnace Private Limited. The Company is engaged in the Metals And Minerals 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 10.00 Cr and a paid-up capital of Rs 5.41 Cr.
The company has closed loans amounting to ₹517.21 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Garg Furnace Limited India are Gurmeet Battu as CFO and Supreena Tagra as Company Secretary. Devinder Garg, Toshak Garg, Amandeep Kaur, and Three 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
L99999PB1973PLC003385
- Company No.
003385
- Stock Symbol
BSE : 530615
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Dec 1973
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Chandigarh
Industry
What products or services does Garg Furnace Limited offer?
Garg Furnace Limited offers a wide range of products and services, including Oil Extraction Machine, Oil Expellers.
Who are the key members and board of directors at Garg Furnace?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Toshak Garg  | Managing Director | 14-Aug-2023 | Current |
| Devinder Garg | Managing Director | 19-Jan-1988 | Current |
| Gurmeet Battu | CFO | 25-Jan-2016 | Current |
| Supreena Tagra | Company Secretary | 15-Jul-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Amandeep Kaur | Director | 01-Apr-2023 | Current |
| Purti Katyal | Director | 14-Aug-2023 | Current |
| Shruti Gupta | Director | 14-Aug-2024 | Current |
| Vaneera Garg | Whole-Time Director | 01-Aug-2010 | Current |
Financial Performance of Garg Furnace.
Garg Furnace Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.2% increase. The company also saw a slight decrease in profitability, with a 6.06% decrease in profit. The company's net worth Soared by an impressive increase of 40.49%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Garg Furnace?
In 2021, Garg Furnace had a promoter holding of 64.23% and a public holding of 35.75%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Progressive Dairy Solutions LimitedAmandeep Kaur is a mutual person
Dolfin Rubbers LimitedAmandeep Kaur is a mutual person
Mercury Trade Links LimitedShruti Gupta is a mutual person
Allied Recycling LimitedAmandeep Kaur is a mutual person
Acme Resources LimitedPurti Katyal is a mutual person
Sterling Agro Industries LimitedPurti Katyal is a mutual person
Charges (Loans)
₹0
₹517.21 Cr
Charges Breakdown by Lending Institutions
- Punjab & Sind Bank : 256.26 Cr
- Punjab National Bank : 164.75 Cr
- Indian Bank : 80.83 Cr
- Punjab And Sind Bank : 9.47 Cr
- Punjab And Sind Bank : 3.38 Cr
- Others : 2.52 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2015 | Indian Bank | ₹3.50 Cr | Satisfied |
| 22 Aug 2013 | Indian Bank | ₹2.90 Cr | Satisfied |
| 06 Mar 2013 | Indian Bank | ₹5.00 Cr | Satisfied |
| 11 Feb 2013 | Indian Bank | ₹69.43 Cr | Satisfied |
| 29 Jun 2007 | Punjab National Bank | ₹164.75 Cr | Satisfied |
How Many Employees Work at Garg Furnace?
Garg Furnace has a workforce of 7 employees as of Mar 29, 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 Furnace, 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 Furnace'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.
