Garg Industries Limited

Manufacturer of wire rod, square, and treated bars for cycle wheel spokes.

1991 | New Delhi, Delhi (India) | Active
Last Updated:

Garg Industries Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 5.55 Cr
  • Company Age 34 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 31.21 Cr
  • Satisfied Charges ₹ 287.34 Cr
  • Revenue Growth -18.01%
  • Profit Growth 4.21%
  • Ebitda 10.25%
  • Net Worth 4.47%
  • Total Assets -3.12%

About Garg Industries

Garg Industries Limited (GIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 January 1991 and has a history of 34 years and one month. Its registered office is in New Delhi, Delhi, India.

The Corporate was formerly known as Garg Micro Structures 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 2023. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 5.55 Cr.

The company currently has active open charges totaling ₹31.21 Cr. The company has closed loans amounting to ₹287.34 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Garg Industries Limited India is Isha Gupta as COMPANY SECRETARY. Balraj Garg, Narsi Dass, and Vikas Jain serve as directors at the Company.

Company Details

  • Location

    New Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27106DL1991PLC222970

  • Company No.

    222970

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Jan 1991

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

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

Executive Team (1)

NameDesignationAppointment DateStatus
Isha Gupta Country flag representing In Company Secretary01-May-2019Current

Board Members (3)

NameDesignationAppointment DateStatus
Balraj Garg Country flag representing In Director 22-Jun-1998Current
Narsi Dass Country flag representing In Director 22-Jun-1998Current
Vikas Jain Country flag representing In Director 27-Mar-2015Current

Financial Performance of Garg Industries.

Garg Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 18.01% decrease. The company also saw a slight improvement in profitability, with a 4.21% increase in profit. The company's net worth moved up by a moderate rise of 4.47%.

Garg Industries revenue growth over time
Garg Industries 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
-18.01%
Revenue from Operations
-17.87%
Total Assets
-3.12%
Profit or Loss
4.21%
Net Worth
4.47%
EBITDA
10.25%

What is the Ownership and Shareholding Structure of Garg Industries?

In 2023, Garg Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹31.21 Cr

Satisfied Charges

₹287.34 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 27.36 Cr
  • Hdfc Bank Limited : 2.85 Cr
  • Others : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jun 2024Others₹1.00 CrOpen
03 May 2024Hdfc Bank Limited₹2.50 MOpen
03 May 2024Hdfc Bank Limited₹1.60 CrOpen
03 May 2024Hdfc Bank Limited₹1.00 CrOpen
08 Aug 2005State Bank Of India₹27.36 CrOpen

How Many Employees Work at Garg Industries?

Garg Industries has a workforce of 56 employees as of Apr 03, 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 Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Garg Industries, 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 Industries'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 Industries

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100942222 was registered on 30 Jun 2024.

  • Charges

    A charge registered on 30 Apr 2021 via Charge ID 100445649 with Hdfc Bank Limited was fully satisfied on 14 Jun 2024.

  • Charges

    A charge registered on 18 Sep 2021 via Charge ID 100484322 with Axis Bank Limited was fully satisfied on 19 May 2024.

  • Charges

    A charge registered on 09 Jul 2021 via Charge ID 100458331 with Axis Bank Limited was fully satisfied on 19 May 2024.

  • Charges

    A charge registered on 21 Oct 2020 via Charge ID 100408919 with Hdfc Bank Limited was fully satisfied on 06 May 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100915968 was registered on 03 May 2024.

Frequently asked questions

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

    Garg Industries Limited was incorporated on 11 Jan 1991.

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

    The authorized share capital of Garg Industries Limited is ₹ 7.00 Cr and paid-up capital is ₹ 5.55 Cr.

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

    Currently 4 directors are associated with Garg Industries Limited.

    • Balraj Garg
    • Narsi Dass
    • Vikas Jain
    • Isha Gupta
  • What is the registered address of Garg Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Garg Industries Limited is D-128 Upper Ground Floor New Rajinder Nagar Near Post Office Shankar Road, New Delhi, India, 110060.

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

    The corporate identification number (CIN) of Garg Industries Limited is U27106DL1991PLC222970 and the company number is 222970 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Garg Industries Limited has fallen by -18.01%.

  • How many employees does Garg Industries Limited currently have?

    As Per 2023 financial reports, 56 employees are currently employed by Garg Industries Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Garg Industries Limited has experienced an upsurge of 4.47%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Garg Industries Limited amount to ₹ 31.21 Cr.

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

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

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