Garnet Motors (India) Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 5.21 Cr
- Company Age 6 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 116.20 Cr
- Revenue Growth -33.01%
- Profit Growth 21.77%
- Ebitda 13.46%
- Net Worth 58.65%
- Total Assets 46.82%
About Garnet Motors (India)
Garnet Motors (India) Private Limited (GMIPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 September 2018 (Six years and five months 5 days old ). Its registered office is in Nagpur, Maharashtra, 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 2023. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 5.21 Cr.
The company currently has active open charges totaling ₹116.20 Cr.
Ankur Cheema, Kokila Cheema, and Karnailsingh Cheema serve as directors at the Company.
Company Details
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Location
Nagpur, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U50401MH2018PTC313867
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Company No.
313867
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Sep 2018
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Garnet Motors (India)?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Karnailsingh Cheema
|
Director | 11-Sep-2018 | Current |
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Kokila Cheema
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Director | 11-Sep-2018 | Current |
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Ankur Cheema
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Director | 11-Sep-2018 | Current |
Financial Performance of Garnet Motors (India).
Garnet Motors (India) Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.01% decrease. The company also saw a substantial improvement in profitability, with a 21.77% increase in profit. The company's net worth Soared by an impressive increase of 58.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Garnet Motors (India)?
In 2023, Garnet Motors (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Garnet Motors (A) Private LimitedAnkur Cheema and Karnailsingh Cheema are mutual person
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Garnet Motors (B) Private Limited
Ankur Cheema and Karnailsingh Cheema are mutual person
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Garnet Motors (C) Private Limited
Ankur Cheema and Karnailsingh Cheema are mutual person
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Garnet Motors (D) Private Limited
Ankur Cheema and Karnailsingh Cheema are mutual person
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Garnet Motors (F) Private Limited
Ankur Cheema and Karnailsingh Cheema are mutual person
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Garnet Motors (Ev) Private Limited
Ankur Cheema and Karnailsingh Cheema are mutual person
Charges (Loans)
₹116.20 Cr
₹0
Charges Breakdown by Lending Institutions
- Others : 112.73 Cr
- Tata Capital Financial Services Limited : 2.00 Cr
- United Bank Of India : 1.47 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2024 | United Bank Of India | ₹1.47 Cr | Open |
| 28 Feb 2024 | Others | ₹4.84 M | Open |
| 15 Feb 2024 | Others | ₹5.00 Cr | Open |
| 09 Feb 2024 | Others | ₹5.00 Cr | Open |
| 15 Sep 2023 | Others | ₹4.25 Cr | Open |
How Many Employees Work at Garnet Motors (India)?
Garnet Motors (India) has a workforce of 150 employees as of Apr 06, 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 Garnet Motors (India), 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 Motors (India)'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.