Gem Sugars Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 45.00 Cr
- Company Age 29 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 604.21 Cr
- Satisfied Charges ₹ 380.26 Cr
- Revenue Growth 25.50%
- Profit Growth 16.47%
- Ebitda -5.28%
- Net Worth 6.22%
- Total Assets 24.74%
About Gem Sugars
Gem Sugars Limited (GSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 March 1995 and has a history of 29 years and 11 months. Its registered office is in Na, Karnataka.
The Company is engaged in the Agriculture 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 75.00 Cr and a paid-up capital of Rs 45.00 Cr.
The company currently has active open charges totaling ₹604.21 Cr. The company has closed loans amounting to ₹380.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Gem Sugars Limited India are Marimuthu Kasiviswanathan as CFO and Sundaresan Srinivasan as Company Secretary. Jawaherlal Doddannavar, Sekar Rangaswamy, Praveen Doddanavar, and Four other members serve as directors at the Company.
Company Details
- Location Na, Karnataka
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U85110KA1995PLC017324
- Company No.
017324
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Mar 1995
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Agriculture
Chemicals and Materials
Food and Beverages
Who are the key members and board of directors at Gem Sugars?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sekar Rangaswamy  | Managing Director | 06-Mar-1995 | Current |
| Marimuthu Kasiviswanathan | CFO | 30-Mar-2016 | Current |
| Sundaresan Srinivasan | Company Secretary | 06-Oct-2008 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Praveen Doddanavar | Director | 11-Dec-2006 | Current |
| Jawaherlal Doddannavar | Whole-Time Director | 01-Jan-2006 | Current |
| Ramanagouda Patil | Director | 30-Mar-2005 | Current |
| Ramesh Doddanavar | Director | 27-Dec-2007 | Current |
| Lata Prasad | Director | 16-Aug-2017 | Current |
| Basavaraj Khot | Director | 18-Jul-2024 | Current |
Financial Performance of Gem Sugars.
Gem Sugars Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 25.5% increase. The company also saw a substantial improvement in profitability, with a 16.47% increase in profit. The company's net worth moved up by a moderate rise of 6.22%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gem Sugars?
In 2022, Gem Sugars had a promoter holding of 63.14% and a public holding of 36.86%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shiraguppi Sugar Works LimitedPraveen Doddanavar and Ramesh Doddanavar are mutual person
Gem Granites Private LimitedSekar Rangaswamy is a mutual person
- Banashankari Sugars Private Limited
Jawaherlal Doddannavar and Sekar Rangaswamy are mutual person
Deccan Medical Centre Private LimitedRamesh Doddanavar is a mutual person
Db Renews Private LimitedPraveen Doddanavar and Ramesh Doddanavar are mutual person
Tris Mining Private LimitedPraveen Doddanavar is a mutual person
Charges (Loans)
Open Charges
₹604.21 Cr
Satisfied Charges
₹380.26 Cr
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 301.51 Cr
- State Bank Of India : 105.58 Cr
- Others : 93.74 Cr
- Bank Of India : 83.00 Cr
- Indian Bank : 20.00 Cr
- Others : 0.38 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2024 | Bank Of India | ₹40.00 Cr | Open |
| 17 Oct 2024 | Others | ₹6.00 Cr | Open |
| 30 Mar 2024 | Others | ₹6.00 Cr | Open |
| 01 Jul 2022 | Others | ₹36.00 Cr | Open |
| 30 Sep 2021 | Indian Overseas Bank | ₹6.63 Cr | Open |
How Many Employees Work at Gem Sugars?
Gem Sugars has a workforce of 181 employees as of Apr 09, 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 Gem Sugars, 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 Gem Sugars'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.
Latest Updates, News, and FAQs on Gem Sugars
Recent activity within the organization
- Charges
A charge registered on 31 Dec 2018 via Charge ID 100255785 with Bank Of India was fully satisfied on 27 Nov 2024.
- Charges
A charge registered on 22 Jan 2024 via Charge ID 100852440 with Bank Of India was fully satisfied on 14 Nov 2024.
- Charges
A charge with Bank Of India amounted to Rs. 40.00 Cr with Charge ID 101011219 was registered on 29 Oct 2024.
- Charges
A charge with Others of Rs. 36.00 Cr registered on 01 Jul 2022 with Charge ID 100590806 was modified on 25 Oct 2024.
- Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100994097 was registered on 17 Oct 2024.
- Annual General Meeting
Gem Sugars Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Frequently asked questions
What is the Incorporation or founding date of Gem Sugars Limited?
Gem Sugars Limited was incorporated on 06 Mar 1995.
What is authorized share capital and paid-up capital of Gem Sugars Limited?
The authorized share capital of Gem Sugars Limited is ₹ 75.00 Cr and paid-up capital is ₹ 45.00 Cr.
Who are the current board members & directors of Gem Sugars Limited?
Currently 9 directors are associated with Gem Sugars Limited.
- Jawaherlal Parisappa Doddannavar
- Sekar Rangaswamy
- Praveen Vrishabhanath Doddanavar
- Ramanagouda Patil
- Ramesh Pushpadant Doddanavar
- Lata Ajit Prasad
- Basavaraj Basalingappa Khot
- Marimuthu Kasiviswanathan
- Sundaresan Srinivasan
What is the registered address of Gem Sugars Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Gem Sugars Limited is 120 Hoodi Apartments, Cunnigham Road Bangalore. Kartaka India, Na, Karnataka, 560052.
What is the corporate identification number (CIN) and company number of Gem Sugars Limited?
The corporate identification number (CIN) of Gem Sugars Limited is U85110KA1995PLC017324 and the company number is 017324 as per Ministry of Corporate Affairs (MCA).
What is the official website of Gem Sugars Limited?
The Official website of Gem Sugars Limited is https://www.gemsugars.com
What has been the recent revenue trend for Gem Sugars Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Gem Sugars Limited has risen by 25.50%.
How many employees does Gem Sugars Limited currently have?
As Per 2022 financial reports, 181 employees are currently employed by Gem Sugars Limited.
What change has been observed in the net worth of Gem Sugars Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Gem Sugars Limited has experienced an upsurge of 6.22%.
What are the total open charges for Gem Sugars Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Gem Sugars Limited amount to ₹ 604.21 Cr.
When was the last Balance Sheet of Gem Sugars Limited filed with the ROC?
The most recent Balance Sheet for Gem Sugars Limited was filed with the ROC on 31 Mar 2024.
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