Gargo Motors Ltd
Authorized dealer of Tata Motors cars in Assam, with 5 showrooms and workshops in the state.
1997 | Tinsukia, Assam (India) | Active
Gargo Motors Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.65 Cr
- Company Age 27 Year, 10 Months
- Last Filing with ROC 31 Mar 2021
- Open Charges ₹ 18.00 Cr
- Revenue Growth -95.79%
- Profit Growth -81.39%
- Ebitda 77.05%
- Net Worth 0.48%
- Total Assets -49.83%
About Gargo Motors
Gargo Motors Ltd (GML) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 June 1997 and has a history of 27 years and ten months. Its registered office is in Tinsukia, Assam, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.65 Cr.
The company currently has active open charges totaling ₹18.00 Cr.
Krishna Borthakur, Arundhati Baruah, and Mili Borthakur serve as directors at the Company.
Company Details
- Location
Tinsukia, Assam, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50101AS1997PLC005081
- Company No.
005081
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
02 Jun 1997
- Date of AGM
30 Nov 2021
- Date of Balance Sheet
31 Mar 2021
- Listing Status
Unlisted
- ROC Code
Roc Shillong
Industry
Automotive
Gargo Motors Ltd
Explore comprehensive data for Gargo Motors Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Gargo Motors?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Krishna Borthakur  | Director | 02-Jun-1997 | Current |
| Arundhati Baruah | Additional Director | 14-Jan-2019 | Current |
| Mili Borthakur | Additional Director | 14-Jan-2019 | Current |
Financial Performance of Gargo Motors.
Gargo Motors Ltd, for the financial year ended 2021, experienced significant reduction in revenue, with a 95.79% decrease. The company also saw a substantial fall in profitability, with a 81.39% decrease in profit. The company's net worth moved up by a moderate rise of 0.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gargo Motors?
In 2021, Gargo Motors had a promoter holding of 87.96% and a public holding of 12.04%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Gargo Properties Llp
Krishna Borthakur is a mutual person
- Gargo Towers Private Limited
Krishna Borthakur is a mutual person
- Twin Towers Tradelink Private Limited
Krishna Borthakur and Arundhati Baruah are mutual person
Charges (Loans)
Open Charges
₹18.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 10.00 Cr
- Tata Capital Financial Services Limited : 5.00 Cr
- Axis Bank Limited : 3.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Mar 2019 | Axis Bank Limited | ₹3.00 Cr | Open |
| 21 Feb 2019 | Tata Capital Financial Services Limited | ₹5.00 Cr | Open |
| 27 Jun 2006 | State Bank Of India | ₹10.00 Cr | Open |
How Many Employees Work at Gargo Motors?
Gargo Motors has a workforce of 64 employees as of Apr 09, 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 Gargo Motors, 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 Gargo Motors'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.
Latest Updates, News, and FAQs on Gargo Motors
Recent activity within the organization
- Annual General Meeting
Gargo Motors Ltd last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
- Balance Sheet
Gargo Motors Ltd has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Shillong.
- Charges
A charge with Axis Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100256810 was registered on 12 Mar 2019.
- Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 5.00 Cr with Charge ID 100244101 was registered on 21 Feb 2019.
- Director Appointment
Arundhati Baruah was appointed as a Additional Director was appointed as a Additional Director on 14 Jan 2019 & has been associated with this company since 6 years 3 months .
- Director Appointment
Mili Borthakur was appointed as a Additional Director was appointed as a Additional Director on 14 Jan 2019 & has been associated with this company since 6 years 3 months .
Frequently asked questions
What is the Incorporation or founding date of Gargo Motors Ltd?
Gargo Motors Ltd was incorporated on 02 Jun 1997.
What is authorized share capital and paid-up capital of Gargo Motors Ltd?
The authorized share capital of Gargo Motors Ltd is ₹ 2.00 Cr and paid-up capital is ₹ 1.65 Cr.
Who are the current board members & directors of Gargo Motors Ltd?
Currently 3 directors are associated with Gargo Motors Ltd.
- Krishna Borthakur
- Arundhati Baruah
- Mili Borthakur
What is the registered address of Gargo Motors Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Gargo Motors Ltd is A.T Road, Hijuguri India, Tinsukia, Assam, 786125.
What is the corporate identification number (CIN) and company number of Gargo Motors Ltd?
The corporate identification number (CIN) of Gargo Motors Ltd is U50101AS1997PLC005081 and the company number is 005081 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Gargo Motors Ltd?
According to the financial reports for the fiscal year 2021, the revenue trend for Gargo Motors Ltd has fallen by -95.79%.
How many employees does Gargo Motors Ltd currently have?
As Per 2021 financial reports, 64 employees are currently employed by Gargo Motors Ltd.
What change has been observed in the net worth of Gargo Motors Ltd, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Gargo Motors Ltd has experienced an upsurge of 0.48%.
What are the total open charges for Gargo Motors Ltd?
As per the financial statements for fiscal Year 2021, The total open charges for Gargo Motors Ltd amount to ₹ 18.00 Cr.
When was the last Balance Sheet of Gargo Motors Ltd filed with the ROC?
The most recent Balance Sheet for Gargo Motors Ltd was filed with the ROC on 31 Mar 2021.
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