Gear Merchandise Private Limited

Manufactures and sells a variety of bags, gear, and wallets online and in stores.

2013 | 24 Parganas, West Bengal (India) | Active
Last Updated:

Gear Merchandise Profile

Key Indicators

  • Authorised Capital ₹ 9.50 M
  • Paid Up Capital ₹ 8.10 M
  • Company Age 11 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 15.00 Cr
  • Revenue Growth 50.32%
  • Profit Growth 88.85%
  • Ebitda 49.55%
  • Net Worth 50.02%
  • Total Assets 99.23%

About Gear Merchandise

Gear Merchandise Private Limited (GMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 21 October 2013 and has a history of 11 years and six months. Its registered office is in 24 Parganas, West Bengal, India.

The Corporate was formerly known as Bismuth Merchandise Private Limited. The Company is engaged in the Home & Lifestyle 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 9.50 M and a paid-up capital of Rs 8.10 M.

The company currently has active open charges totaling ₹15.00 Cr.

Mohit Sanwalka, Devarsh Sanwalka, and Omprakash Lalwani serve as directors at the Company.

Company Details

  • Location

    24 Parganas, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U18109WB2013PTC198024

  • Company No.

    198024

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Oct 2013

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Home & Lifestyle

What products or services does Gear Merchandise Private Limited offer?

Gear Merchandise Private Limited offers a wide range of products and services, including Cotton, Jute & Canvas Bags, Environmental Bags, Travel Bags & Backpacks, Backpacks, Face Mask & Medical PPE Kits, Face Mask, Carry Bags and Multiutility Bags & Pouches, School Bags, Briefcase, Portfolio & Laptop Bags, Laptop Bag.

Company report

Gear Merchandise Private Limited

Explore comprehensive data for Gear Merchandise Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Gear Merchandise?

Board Members (3)

NameDesignationAppointment DateStatus
Mohit Sanwalka Country flag representing In Additional Director 06-Jan-2025Current
Devarsh Sanwalka Country flag representing In Director 04-Dec-2013Current
Omprakash Lalwani Country flag representing In Director 22-Sep-2017Current

Financial Performance of Gear Merchandise.

Gear Merchandise Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 50.32% increase. The company also saw a substantial improvement in profitability, with a 88.85% increase in profit. The company's net worth Soared by an impressive increase of 50.02%.

Gear Merchandise revenue growth over time
Gear Merchandise 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
50.32%
Revenue from Operations
50.32%
Total Assets
99.23%
Profit or Loss
88.85%
Net Worth
50.02%
EBITDA
49.55%

What is the Ownership and Shareholding Structure of Gear Merchandise?

In 2022, Gear Merchandise had a promoter holding of 44.42% and a public holding of 55.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹150.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
16 Jul 2018Hdfc Bank Limited₹15.00 CrOpen

How Many Employees Work at Gear Merchandise?

Gear Merchandise has a workforce of 123 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.

Employee growth trends for Gear Merchandise Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gear Merchandise, 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 Gear Merchandise'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 Gear Merchandise

Recent activity within the organization

  • Director Appointment

    Mohit Kumar Sanwalka was appointed as a Additional Director was appointed as a Additional Director on 06 Jan 2025 & has been associated with this company since 3 months 27 days .

  • Annual General Meeting

    Gear Merchandise Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Gear Merchandise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 150.00 M registered on 16 Jul 2018 with Charge ID 100210550 was modified on 19 Feb 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 150.00 M with Charge ID 100210550 was registered on 16 Jul 2018.

  • Director Appointment

    Omprakash Lalwani was appointed as a Director was appointed as a Director on 22 Sep 2017 & has been associated with this company since 7 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Gear Merchandise Private Limited?

    Gear Merchandise Private Limited was incorporated on 21 Oct 2013.

  • What is authorized share capital and paid-up capital of Gear Merchandise Private Limited?

    The authorized share capital of Gear Merchandise Private Limited is ₹ 9.50 M and paid-up capital is ₹ 8.10 M.

  • Who are the current board members & directors of Gear Merchandise Private Limited?

    Currently 3 directors are associated with Gear Merchandise Private Limited.

    • Mohit Kumar Sanwalka
    • Devarsh Sanwalka
    • Omprakash Lalwani

  • What is the registered address of Gear Merchandise Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gear Merchandise Private Limited is E/12 West Chowbaga Gulshan Colony Bengal India, Kolkata, West Bengal, 700100.

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

    The corporate identification number (CIN) of Gear Merchandise Private Limited is U18109WB2013PTC198024 and the company number is 198024 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Gear Merchandise Private Limited?

    The Official website of Gear Merchandise Private Limited is https://www.gearworld.in

  • What has been the recent revenue trend for Gear Merchandise Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gear Merchandise Private Limited has risen by 50.32%.

  • How many employees does Gear Merchandise Private Limited currently have?

    As Per 2023 financial reports, 123 employees are currently employed by Gear Merchandise Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Gear Merchandise Private Limited has experienced an upsurge of 50.02%.

  • What are the total open charges for Gear Merchandise Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gear Merchandise Private Limited amount to ₹ 15.00 Cr.

  • When was the last Balance Sheet of Gear Merchandise Private Limited filed with the ROC?

    The most recent Balance Sheet for Gear Merchandise Private Limited was filed with the ROC on 31 Mar 2024.

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