Garnet Construction Ltd

Real estate development and management for residential, commercial, and industrial properties in Maharashtra.

1992 | Mumbai, Maharashtra (India) | Active
Last Updated: July 04, 2024

Garnet Construction Profile

Key Indicators

  • Authorised Capital ₹ 58.00 Cr
  • Paid Up Capital ₹ 13.90 Cr
  • Company Age 32 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 26.11 Cr
  • Satisfied Charges ₹ 124.33 Cr
  • Revenue Growth -45.31%
  • Profit Growth -42.80%
  • Ebitda -7.23%
  • Net Worth 0.37%
  • Total Assets -4.43%

About Garnet Construction

Garnet Construction Ltd (GCL) is a Public Limited Indian Non-Government Company incorporated in India on 15 October 1992 and has a history of 32 years and four months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526727.

The Company is engaged in the Real Estate And Construction 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 58.00 Cr and a paid-up capital of Rs 13.90 Cr.

The company currently has active open charges totaling ₹26.11 Cr. The company has closed loans amounting to ₹124.33 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Garnet Construction Ltd India are Neha Verma as COMPANY SECRETARY and Kishankumar Kedia as Cfo. Jitendra Jadhav, Sanjay Kedia, Arun Kedia, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    garnetconstructions.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L45200MH1992PLC069044

  • Company No.

    069044

  • Stock Symbol

    BSE : 526727

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Oct 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Real Estate and Construction

Who are the key members and board of directors at Garnet Construction?

Executive Team (2)

NameDesignationAppointment DateStatus
Neha Verma Company Secretary01-Sep-2020Current
Kishankumar Kedia Country flag representing In Managing Director15-Oct-1992Current

Board Members (5)

NameDesignationAppointment DateStatus
Sirya Siddiqui Country flag representing In Director 14-Apr-2020Current
Jitendra Jadhav Country flag representing In Director 01-Jun-2019Current
Sanjay Kedia Country flag representing In Whole-Time Director 15-Oct-1992Current
Arun Kedia Country flag representing In Whole-Time Director 15-Oct-1992Current
Shiromani Singh Country flag representing In Director 10-Mar-2003Current

Financial Performance of Garnet Construction.

Garnet Construction Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 45.31% decrease. The company also saw a substantial fall in profitability, with a 42.8% decrease in profit. The company's net worth moved up by a moderate rise of 0.37%.

Graph illustrating revenue growth over time
Graph showing 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
-45.31%
Revenue from Operations
-63.15%
Total Assets
-4.43%
Profit or Loss
-42.80%
Net Worth
0.37%
EBITDA
-7.23%

What is the Ownership and Shareholding Structure of Garnet Construction?

In 2022, Garnet Construction had a promoter holding of 61.29% and a public holding of 38.71%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹26.11 Cr

Satisfied Charges

₹124.33 Cr

Charges Breakdown by Lending Institutions

  • Sicom Limited : 14.00 Cr
  • Others : 11.61 Cr
  • The South Indian Co-Op Bank Ltd : 0.50 Cr

Latest Charge Details

DateLenderAmountStatus
23 Feb 2023Others₹6.61 CrOpen
17 Apr 2017Others₹5.00 CrOpen
04 Nov 2010Sicom Limited₹14.00 CrOpen
31 Aug 1998The South Indian Co-Op Bank Ltd₹5.00 MOpen
05 Oct 2017State Bank Of India₹2.33 CrSatisfied

How Many Employees Work at Garnet Construction?

Unlock and access historical data on people associated with Garnet Construction, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Garnet Construction, 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 Garnet Construction'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 Garnet Construction

Recent activity within the organization

  • Charges

    A charge registered on 28 Mar 2014 via Charge ID 10496098 with Union Bank Of India was fully satisfied on 06 Mar 2024.

    06 Mar 2024

  • Annual General Meeting

    Garnet Construction Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others of Rs. 6.61 Cr registered on 23 Feb 2023 with Charge ID 100682118 was modified on 21 Aug 2023.

    21 Aug 2023

  • Balance Sheet

    Garnet Construction Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 6.61 Cr with Charge ID 100682118 was registered on 23 Feb 2023.

    23 Feb 2023

  • Charges

    A charge registered on 01 Aug 2016 via Charge ID 100055121 with Others was fully satisfied on 22 Feb 2023.

    22 Feb 2023

Frequently asked questions

  • Garnet Construction Ltd was incorporated on 15 Oct 1992.

  • The authorized share capital of Garnet Construction Ltd is ₹ 58.00 Cr and paid-up capital is ₹ 13.90 Cr.

  • Currently 8 directors are associated with Garnet Construction Ltd.

    • Neha Verma
    • Jitendra Maruti Jadhav
    • Sanjay Kishankumar Kedia
    • Arun Kishankumar Kedia
    • Kishankumar Jugalkishore Kedia
    • Kishankumar Jugalkishore Kedia
    • Sirya Vakil Siddiqui
    • Shiromani Singh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Garnet Construction Ltd is 501/531 Laxmi Mall Laxmi Industrial Estate, New Link Road Andheri West, Mumbai, Maharashtra, India, 400053.

  • The corporate identification number (CIN) of Garnet Construction Ltd is L45200MH1992PLC069044 and the company number is 069044 as per Ministry of Corporate Affairs (MCA).

  • Yes, Garnet Construction Ltd is registered on Bombay Stock Exchange (BSE).

  • The Official website of Garnet Construction Ltd is https://www.garnetconstructions.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Garnet Construction Ltd has fallen by -45.31%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Garnet Construction Ltd has experienced an upsurge of 0.37%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Garnet Construction Ltd amount to ₹ 26.11 Cr.

  • The most recent Balance Sheet for Garnet Construction Ltd was filed with the ROC on 31 Mar 2023.

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