Garware Marine Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.77 Cr
- Company Age 49 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 44.06 Cr
- Satisfied Charges ₹ 6.00 Cr
- Revenue Growth -22.90%
- Profit Growth 715.49%
- Ebitda 713.70%
- Net Worth -29.29%
- Total Assets -28.38%
About Garware Marine Industries
Garware Marine Industries Limited (GMIL) is a Public Limited Indian Non-Government Company incorporated in India on 08 August 1975 and has a history of 49 years and five months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 509563.
The Company is engaged in the Transport And Logistics Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 5.77 Cr.
The company currently has active open charges totaling ₹44.06 Cr. The company has closed loans amounting to ₹6.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Garware Marine Industries Limited India are Vipulata Tandel as CFO and Pallavi Shedge as Company Secretary. Aditya Garware, Shefali Bajaj, Sanjay Chinai, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
L12235MH1975PLC018481
- Company No.
018481
- Stock Symbol
BSE : 509563
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Aug 1975
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
What products or services does Garware Marine Industries Limited offer?
Garware Marine Industries Limited offers a wide range of products and services, including Drilling, Boring & Mining Services, Boring Services.
Who are the key members and board of directors at Garware Marine Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pallavi Shedge  | Company Secretary | 20-Aug-2015 | Current |
| Vipulata Tandel | CFO | 01-Feb-2017 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vikas Sadarangani | Director | 26-Nov-2016 | Current |
| Aditya Garware | Director | 24-May-1993 | Current |
| Shefali Bajaj | Director | 05-Nov-2014 | Current |
| Sanjay Chinai | Director | 15-Oct-2015 | Current |
| Shyamsunder Atre | Whole-Time Director | 31-Oct-2007 | Current |
| Piyush Patel | Director | 02-May-2024 | Current |
Financial Performance of Garware Marine Industries.
Garware Marine Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.9% decrease. The company also saw a substantial improvement in profitability, with a 715.49% increase in profit. The company's net worth observed a substantial decline by a decrease of 29.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Garware Marine Industries?
In 2023, Garware Marine Industries had a promoter holding of 37.72% and a public holding of 62.27%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Supertex Industries LimitedPiyush Patel is a mutual person
D.S.G. Ship Services Private LimitedShyamsunder Atre is a mutual person
Global Offshore Services LimitedAditya Garware is a mutual person
Garware Goa Nets LimitedAditya Garware and Shyamsunder Atre are mutual person
- Mauve Trading Company Private Limited
Aditya Garware is a mutual person
- Universal Investment Services Pvt Ltd
Aditya Garware is a mutual person
Charges (Loans)
₹44.06 Cr
₹6.00 Cr
Charges Breakdown by Lending Institutions
- The Industrial Credit And Investment Corporaiton Of India Lt : 22.93 Cr
- The United Western Bank Ltd : 14.85 Cr
- The Shamrao Vithal Co Op Bank Ltd : 2.00 Cr
- Indian Bank : 1.25 Cr
- The Industrial Development Bank Of India Limited : 1.00 Cr
- Others : 2.03 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2008 | The Industrial Development Bank Of India Limited | ₹1.00 Cr | Open |
| 28 Mar 1994 | The Shamrao Vithal Co Op Bank Ltd | ₹1.00 Cr | Open |
| 28 Mar 1994 | The Shamrao Vithal Co Op Bank Ltd | ₹1.00 Cr | Open |
| 25 Jan 1994 | The Ratnakar Bank Ltd | ₹2.50 M | Open |
| 15 Sep 1993 | The Ratnakar Bank Ltd | ₹2.00 M | Open |
How Many Employees Work at Garware Marine Industries?
Garware Marine Industries has a workforce of 4 employees as of Apr 03, 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 Garware Marine Industries, 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 Marine Industries'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.
