Garve Motors Private Limited

Authorized dealer for Hyundai vehicles, offering sales, servicing, and spare parts in Pune.

2009 | Pune, Maharashtra (India) | Active
Last Updated:

Garve Motors Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.05 Cr
  • Company Age 16 Year, 18 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 88.84 Cr
  • Satisfied Charges ₹ 17.54 Cr
  • Revenue Growth 30.47%
  • Profit Growth 18.14%
  • Ebitda 11.37%
  • Net Worth 25.61%
  • Total Assets 4.70%

About Garve Motors

Garve Motors Private Limited (GMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 February 2009 and has a history of 16 years. Its registered office is in Pune, 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 2.00 Cr and a paid-up capital of Rs 1.05 Cr.

The company currently has active open charges totaling ₹88.84 Cr. The company has closed loans amounting to ₹17.54 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kishor Garve, Vinayak Garve, Kiran Garve, and One other member serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34100PN2009PTC133541

  • Company No.

    133541

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Feb 2009

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Automotive

What products or services does Garve Motors Private Limited offer?

Garve Motors Private Limited offers a wide range of products and services, including Cars, Motor Cars, Hyundai Car.

Who are the key members and board of directors at Garve Motors?

Board Members (4)

NameDesignationAppointment DateStatus
Aniket Garve Country flag representing In Director 07-Jun-2016Current
Kishor Garve Country flag representing In Director 18-Feb-2009Current
Vinayak Garve Country flag representing In Director 18-Feb-2009Current
Kiran Garve Country flag representing In Director 18-Feb-2009Current

Financial Performance of Garve Motors.

Garve Motors Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 30.47% increase. The company also saw a substantial improvement in profitability, with a 18.14% increase in profit. The company's net worth Soared by an impressive increase of 25.61%.

Garve Motors revenue growth over time
Garve Motors 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
30.47%
Revenue from Operations
30.41%
Total Assets
4.70%
Profit or Loss
18.14%
Net Worth
25.61%
EBITDA
11.37%

What is the Ownership and Shareholding Structure of Garve Motors?

In 2023, Garve Motors had a promoter holding of 100.00%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹88.84 Cr

Satisfied Charges

₹17.54 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 77.19 Cr
  • Others : 11.65 Cr

Latest Charge Details

DateLenderAmountStatus
06 Jan 2024Others₹2.50 MOpen
26 Jul 2023Others₹6.40 CrOpen
20 Jul 2023Others₹3.00 CrOpen
24 Mar 2023Others₹2.00 CrOpen
29 Jun 2021State Bank Of India₹35.00 CrOpen

How Many Employees Work at Garve Motors?

Garve Motors has a workforce of 323 employees as of Apr 01, 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 Garve Motors Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Garve 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 Garve Motors'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 Garve Motors

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100853542 was registered on 06 Jan 2024.

  • Annual General Meeting

    Garve Motors Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with State Bank Of India of Rs. 29.33 Cr registered on 25 Apr 2016 with Charge ID 100030098 was modified on 29 Aug 2023.

  • Charges

    A charge with Others amounted to Rs. 6.40 Cr with Charge ID 100805156 was registered on 26 Jul 2023.

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100757438 was registered on 20 Jul 2023.

  • Charges

    A charge with State Bank Of India of Rs. 12.86 Cr registered on 27 May 2019 with Charge ID 100265598 was modified on 28 Jun 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Garve Motors Private Limited?

    Garve Motors Private Limited was incorporated on 18 Feb 2009.

  • What is authorized share capital and paid-up capital of Garve Motors Private Limited?

    The authorized share capital of Garve Motors Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.05 Cr.

  • Who are the current board members & directors of Garve Motors Private Limited?

    Currently 4 directors are associated with Garve Motors Private Limited.

    • Kishor Shanker Garve
    • Vinayak Kishor Garve
    • Kiran Shankar Garve
    • Aniket Kiran Garve

  • What is the registered address of Garve Motors Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Garve Motors Private Limited is S. No. 136/1A (4)6 Wakad B. P. Road, India, Pune, Maharashtra, 411027.

  • What is the corporate identification number (CIN) and company number of Garve Motors Private Limited?

    The corporate identification number (CIN) of Garve Motors Private Limited is U34100PN2009PTC133541 and the company number is 133541 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Garve Motors Private Limited?

    The Official website of Garve Motors Private Limited is https://www.garvegroup.com

  • What has been the recent revenue trend for Garve Motors Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Garve Motors Private Limited has risen by 30.47%.

  • How many employees does Garve Motors Private Limited currently have?

    As Per 2022 financial reports, 323 employees are currently employed by Garve Motors Private Limited.

  • What change has been observed in the net worth of Garve Motors Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Garve Motors Private Limited has experienced an upsurge of 25.61%.

  • What are the total open charges for Garve Motors Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Garve Motors Private Limited amount to ₹ 88.84 Cr.

  • When was the last Balance Sheet of Garve Motors Private Limited filed with the ROC?

    The most recent Balance Sheet for Garve Motors Private Limited was filed with the ROC on 31 Mar 2023.