Gear Merchandise Private Limited

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

2013 | Kolkata, West Bengal (India) | Active
Last Updated: June 16, 2024

Gear Merchandise Profile

Key Indicators

  • Authorised Capital ₹ 9.50 M
  • Paid Up Capital ₹ 8.10 M
  • Company Age 11 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • 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 four months. Its registered office is in Kolkata, 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 2023. 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.

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

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gearworld.in

  • 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 2023

  • Date of Balance Sheet

    31 Mar 2023

  • 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.

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

Board Members (2)

NameDesignationAppointment DateStatus
Devarsh Sanwalka Country flag representing In Director 04-Dec-2013Current
Omprakash Lalwani Country flag representing In Director 15-Oct-2015Current

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%.

Graph illustrating revenue growth over time
Graph showing 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.

Graph showing employee growth trends

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

  • 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.

    19 Feb 2024

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Gear Merchandise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

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

    16 Jul 2018

  • Director Appointment

    Omprakash Lalwani 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 .

    15 Oct 2015

  • Director Appointment

    Devarsh Sanwalka was appointed as a Director was appointed as a Director on 04 Dec 2013 & has been associated with this company since 11 years 2 months .

    04 Dec 2013

Frequently asked questions

  • Gear Merchandise Private Limited was incorporated on 21 Oct 2013.

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

  • Currently 2 directors are associated with Gear Merchandise Private Limited.

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

  • 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).

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

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

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

  • 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%.

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

  • The most recent Balance Sheet for Gear Merchandise Private Limited was filed with the ROC on 31 Mar 2023.

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