Garware Bestretch Limited

Manufacturer and exporter of latex and rubber products for various industries, with global distribution.

1994 | Mumbai, Maharashtra (India) | Merged
Last Updated:

Garware Bestretch Profile

Key Indicators

  • Authorised Capital ₹ 17.00 Cr
  • Paid Up Capital ₹ 5.61 Cr
  • Company Age 30 Year, 4 Months
  • Last Filing with ROC 31 Mar 2020
  • Satisfied Charges ₹ 129.95 Cr
  • Revenue Growth 1.54%
  • Profit Growth -5.73%
  • Ebitda -12.14%
  • Net Worth -21.16%
  • Total Assets -6.25%

About Garware Bestretch

Garware Bestretch Limited (GBL) is Amalgamated company established on 12 Oct 1994 with its office registered at Mumbai, Maharashtra, India and has been running since 30 Year, 4 Months with a paid up capital of 5.61 Cr. According to MCA records, 5 Directors and 1 Signatories are linked to this company as of 17 Jan 2025.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    garwarebeil.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24130MH1994PLC142451

  • Company No.

    142451

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    12 Oct 1994

  • Date of AGM

    21 Sep 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Garware Bestretch Limited offer?

Garware Bestretch Limited offers a wide range of products and services, including Exercise & Fitness Equipment, Exercise Bands, Bandages & Dressing Disposables, Bandages, Rubber Sheets, Silicone Rubber Sheets, Latex Free Exercise Band.

Who are the key members and board of directors at Garware Bestretch?

Executive Team (2)

NameDesignationAppointment DateStatus
Diya Ibanez Country flag representing Au Managing Director04-Oct-2004Current
Nandan Shah Country flag representing In Company Secretary20-Apr-2018Current

Board Members (4)

NameDesignationAppointment DateStatus
Sudhir Pitre Country flag representing In Whole-Time Director 04-Nov-2013Current
Praveen Kadle Country flag representing In Director 21-Sep-2019Current
Shreechandra Raykar Country flag representing In Director 16-Jun-2018Current
Chhaya Palrecha Country flag representing In Director 01-Sep-2015Current

Financial Performance of Garware Bestretch.

Garware Bestretch Limited, for the financial year ended 2020, experienced modest growth in revenue, with a 1.54% increase. The company also saw a slight decrease in profitability, with a 5.73% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.16%.

Garware Bestretch revenue growth over time
Garware Bestretch 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
1.54%
Revenue from Operations
0.11%
Total Assets
-6.25%
Profit or Loss
-5.73%
Net Worth
-21.16%
EBITDA
-12.14%

What is the Ownership and Shareholding Structure of Garware Bestretch?

In 2020, Garware Bestretch had a promoter holding of 99.68% and a public holding of 0.33%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹129.95 Cr

Charges Breakdown by Lending Institutions

  • Others : 75.92 Cr
  • Export-Import Bank Of India : 26.15 Cr
  • Bank Of India Midcorp Branch Lead Bank : 15.00 Cr
  • Bank Of India : 7.15 Cr
  • Uti Bank Limited : 2.87 Cr
  • Others : 2.86 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jun 2016Others₹2.08 MSatisfied
13 Apr 2016Others₹0.84 MSatisfied
14 Mar 2016Others₹6.30 MSatisfied
16 Sep 2004Others₹75.00 CrSatisfied
30 Dec 2003Export-Import Bank Of India₹7.70 CrSatisfied

How Many Employees Work at Garware Bestretch?

Garware Bestretch has a workforce of 140 employees as of Apr 05, 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 Garware Bestretch Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Garware Bestretch, 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 Garware Bestretch'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 Garware Bestretch

Recent activity within the organization

  • Annual General Meeting

    Garware Bestretch Limited last Annual general meeting of members was held on 21 Sep 2020 as per latest MCA records.

  • Balance Sheet

    Garware Bestretch Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai.

  • Director Appointment

    Praveen Purushottam Kadle was appointed as a Director was appointed as a Director on 21 Sep 2019 & has been associated with this company since 5 years 5 months .

  • Charges

    A charge registered on 30 Jun 2016 via Charge ID 100059896 with Others was fully satisfied on 04 Jul 2019.

  • Charges

    A charge registered on 13 Apr 2016 via Charge ID 100029218 with Others was fully satisfied on 18 Apr 2019.

  • Charges

    A charge registered on 16 Sep 2004 via Charge ID 80010053 with Others was fully satisfied on 29 Mar 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Garware Bestretch Limited?

    Garware Bestretch Limited was incorporated on 12 Oct 1994.

  • What is authorized share capital and paid-up capital of Garware Bestretch Limited?

    The authorized share capital of Garware Bestretch Limited is ₹ 17.00 Cr and paid-up capital is ₹ 5.61 Cr.

  • Who are the current board members & directors of Garware Bestretch Limited?

    Currently 6 directors are associated with Garware Bestretch Limited.

    • Sudhir Rajaram Pitre
    • Praveen Purushottam Kadle
    • Shreechandra Pandurang Raykar
    • Diya Garware Ibanez
    • Chhaya Manoj Palrecha
    • Nandan Prakash Shah

  • What is the registered address of Garware Bestretch Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Garware Bestretch Limited is 2-A(3) Maker Bhavan Ii Plot No. 18 New Marine Lines Cs 1433, Division - Fort India, Mumbai, Maharashtra, 400020.

  • What is the corporate identification number (CIN) and company number of Garware Bestretch Limited?

    The corporate identification number (CIN) of Garware Bestretch Limited is U24130MH1994PLC142451 and the company number is 142451 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Garware Bestretch Limited?

    The Official website of Garware Bestretch Limited is https://www.garwarebeil.com

  • What has been the recent revenue trend for Garware Bestretch Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Garware Bestretch Limited has risen by 1.54%.

  • How many employees does Garware Bestretch Limited currently have?

    As Per 2020 financial reports, 140 employees are currently employed by Garware Bestretch Limited.

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

    The financial reports for the fiscal year 2020 indicates that The net worth of Garware Bestretch Limited has experienced an downturn of -21.16%.

  • When was the last Balance Sheet of Garware Bestretch Limited filed with the ROC?

    The most recent Balance Sheet for Garware Bestretch Limited was filed with the ROC on 31 Mar 2020.

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