Garware Marine Industries Limited

Produces and sells fishing nets made from Nylon and Yarn with various sizes and options.

1975 | Mumbai, Maharashtra (India) | Active
Last Updated:

Garware Marine Industries Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.77 Cr
  • Company Age 49 Year, 7 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 seven 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

Transport and Logistics

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)

NameDesignationAppointment DateStatus
Pallavi Shedge Country flag representing In Company Secretary20-Aug-2015Current
Vipulata Tandel Country flag representing In CFO01-Feb-2017Current

Board Members (6)

NameDesignationAppointment DateStatus
Vikas Sadarangani Country flag representing In Director 26-Nov-2016Current
Aditya Garware Country flag representing In Director 24-May-1993Current
Shefali Bajaj Country flag representing In Director 05-Nov-2014Current
Sanjay Chinai Country flag representing In Director 15-Oct-2015Current
Shyamsunder Atre Country flag representing In Whole-Time Director 31-Oct-2007Current
Piyush Patel Country flag representing In Director 02-May-2024Current

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%.

Garware Marine Industries revenue growth over time
Garware Marine Industries 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
-22.90%
Revenue from Operations
-22.69%
Total Assets
-28.38%
Profit or Loss
715.49%
Net Worth
-29.29%
EBITDA
713.70%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹44.06 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
22 Jan 2008The Industrial Development Bank Of India Limited₹1.00 CrOpen
28 Mar 1994The Shamrao Vithal Co Op Bank Ltd₹1.00 CrOpen
28 Mar 1994The Shamrao Vithal Co Op Bank Ltd₹1.00 CrOpen
25 Jan 1994The Ratnakar Bank Ltd₹2.50 MOpen
15 Sep 1993The Ratnakar Bank Ltd₹2.00 MOpen

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.

Employee growth trends for Garware Marine Industries Limited

Deals i

Graph showing company valuation over time

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

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 Marine Industries

Recent activity within the organization

  • Annual General Meeting

    Garware Marine Industries Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.

  • Director Appointment

    Piyush Patel was appointed as a Director was appointed as a Director on 02 May 2024 & has been associated with this company since 10 months 5 days .

  • Balance Sheet

    Garware Marine Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Vikas Daulat Sadarangani was appointed as a Director was appointed as a Director on 26 Nov 2016 & has been associated with this company since 8 years 3 months .

  • Director Appointment

    Sanjay Vikram Chinai was appointed as a Director was appointed as a Director on 15 Oct 2015 & has been associated with this company since 9 years 4 months .

  • Director Appointment

    Shefali Sanjeev Bajaj was appointed as a Director was appointed as a Director on 05 Nov 2014 & has been associated with this company since 10 years 4 months .

Frequently asked questions

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

    Garware Marine Industries Limited was incorporated on 08 Aug 1975.

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

    The authorized share capital of Garware Marine Industries Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.77 Cr.

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

    Currently 8 directors are associated with Garware Marine Industries Limited.

    • Aditya Ashok Garware
    • Shefali Sanjeev Bajaj
    • Sanjay Vikram Chinai
    • Shyamsunder Vasudev Atre
    • Vikas Daulat Sadarangani
    • Piyush Patel
    • Vipulata S Tandel
    • Pallavi Prakash Shedge

  • What is the registered address of Garware Marine Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Garware Marine Industries Limited is 03Rd Floor Prospect Chambers D.N. Road, Fort India, Mumbai, Maharashtra, 400001.

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

    The corporate identification number (CIN) of Garware Marine Industries Limited is L12235MH1975PLC018481 and the company number is 018481 as per Ministry of Corporate Affairs (MCA).

  • Is Garware Marine Industries Limited registered with any stock exchange in India?

    Yes, Garware Marine Industries Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Garware Marine Industries Limited?

    The Official website of Garware Marine Industries Limited is https://www.garwaremarine.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Garware Marine Industries Limited has fallen by -22.90%.

  • How many employees does Garware Marine Industries Limited currently have?

    As Per 2023 financial reports, 4 employees are currently employed by Garware Marine Industries Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Garware Marine Industries Limited has experienced an downturn of -29.29%.

  • What are the total open charges for Garware Marine Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Garware Marine Industries Limited amount to ₹ 44.06 Cr.

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

    The most recent Balance Sheet for Garware Marine Industries Limited was filed with the ROC on 31 Mar 2024.

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