Gargs Engineers Limited

Manufacturer of heavy fabrications and components for various industries, including fuel tanks and pipes.

1986 | Seraikela-Kharsawan, Jharkhand (India) | Active
Last Updated:

Gargs Engineers Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.36 Cr
  • Company Age 39 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 43.57 Cr
  • Satisfied Charges ₹ 17.60 Cr
  • Revenue Growth 7.91%
  • Profit Growth -25.78%
  • Ebitda -3.85%
  • Net Worth 8.40%
  • Total Assets 20.32%

About Gargs Engineers

Gargs Engineers Limited (GEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 February 1986 and has a history of 39 years and one month. Its registered office is in Seraikela-Kharsawan, Jharkhand, India.

The Corporate was formerly known as Tube Computech Private Limited. The Company is engaged in the Machinery And Equipment 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 2.50 Cr and a paid-up capital of Rs 2.36 Cr.

The company currently has active open charges totaling ₹43.57 Cr. The company has closed loans amounting to ₹17.60 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sunil Garg, Sonia Garg, Anil Garg, and Four other members serve as directors at the Company.

Company Details

  • Location

    Seraikela-Kharsawan, Jharkhand, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27203JH1986PLC002279

  • Company No.

    002279

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Feb 1986

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jharkhand

Industry

Machinery and Equipment

What products or services does Gargs Engineers Limited offer?

Gargs Engineers Limited offers a wide range of products and services, including Material Handling Machines & Systems, Loading Machinery, Oxygen & Nitrogen Gas Plants, Air Receiver, Lifting Hooks, Chains & Clamps, Crane Attachments, Excavator and Earth Moving Machinery, Earthmoving Machinery Parts, Ball Bearing Assemblies & Components, Bearing Parts.

Who are the key members and board of directors at Gargs Engineers?

Board Members (7)

NameDesignationAppointment DateStatus
Sunil Garg Country flag representing In Director 01-Aug-1999Current
Anil Garg Country flag representing In Director 11-Mar-2004Current
Sonia Garg Country flag representing In Director 06-Aug-1992Current
Ramesh Sonthalia Country flag representing In Director 04-Oct-2013Current
Manish Singhania Country flag representing In Director 04-Oct-2013Current
Neelam Garg Country flag representing In Director 27-Jul-2011Current

Financial Performance of Gargs Engineers.

Gargs Engineers Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 7.91% increase. The company also saw a substantial fall in profitability, with a 25.78% decrease in profit. The company's net worth moved up by a moderate rise of 8.4%.

Gargs Engineers revenue growth over time
Gargs Engineers 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
7.91%
Revenue from Operations
7.79%
Total Assets
20.32%
Profit or Loss
-25.78%
Net Worth
8.40%
EBITDA
-3.85%

What is the Ownership and Shareholding Structure of Gargs Engineers?

In 2023, Gargs Engineers had a promoter holding of 92.96% and a public holding of 7.04%. The company had 1 Subsidiary and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹43.57 Cr

Satisfied Charges

₹17.60 Cr

Charges Breakdown by Lending Institutions

  • Others : 37.57 Cr
  • Axis Bank Limited : 6.00 Cr

Latest Charge Details

DateLenderAmountStatus
05 Aug 2024Others₹12.00 CrOpen
26 Aug 2022Others₹0.85 MOpen
15 Feb 2022Others₹1.90 MOpen
31 Jan 2022Others₹25.30 CrOpen
28 Mar 2018Axis Bank Limited₹6.00 CrOpen

How Many Employees Work at Gargs Engineers?

Gargs Engineers has a workforce of 40 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.

Employee growth trends for Gargs Engineers Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gargs Engineers, 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 Gargs Engineers'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 Gargs Engineers

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100980218 was registered on 05 Aug 2024.

  • Charges

    A charge registered on 08 May 2019 via Charge ID 100263681 with Axis Bank Limited was fully satisfied on 11 May 2024.

  • Annual General Meeting

    Gargs Engineers Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Gargs Engineers Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Jharkhand.

  • Charges

    A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100606220 was registered on 26 Aug 2022.

  • Charges

    A charge with Others of Rs. 25.30 Cr registered on 31 Jan 2022 with Charge ID 100532601 was modified on 25 May 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Gargs Engineers Limited?

    Gargs Engineers Limited was incorporated on 04 Feb 1986.

  • What is authorized share capital and paid-up capital of Gargs Engineers Limited?

    The authorized share capital of Gargs Engineers Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.36 Cr.

  • Who are the current board members & directors of Gargs Engineers Limited?

    Currently 7 directors are associated with Gargs Engineers Limited.

    • Sunil Garg
    • Sonia Devi Garg
    • Anil Garg
    • Ramesh Kumar Sonthalia
    • Manish Singhania
    • Neelam Garg
    • Shruti Garg

  • What is the registered address of Gargs Engineers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gargs Engineers Limited is M-18(P) Vi Phase, Gamharia Industrial Area India, Jamshedpur, Jharkhand, 832108.

  • What is the corporate identification number (CIN) and company number of Gargs Engineers Limited?

    The corporate identification number (CIN) of Gargs Engineers Limited is U27203JH1986PLC002279 and the company number is 002279 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Gargs Engineers Limited?

    The Official website of Gargs Engineers Limited is https://www.gargsindia.com

  • What has been the recent revenue trend for Gargs Engineers Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gargs Engineers Limited has risen by 7.91%.

  • How many employees does Gargs Engineers Limited currently have?

    As Per 2023 financial reports, 40 employees are currently employed by Gargs Engineers Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Gargs Engineers Limited has experienced an upsurge of 8.40%.

  • What are the total open charges for Gargs Engineers Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gargs Engineers Limited amount to ₹ 43.57 Cr.

  • When was the last Balance Sheet of Gargs Engineers Limited filed with the ROC?

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

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