Gini Silk Mills Limited

This company processes and manufactures a variety of fabrics, including shirting and suiting, under its own brand.

1981 | Mumbai, Maharashtra (India) | Active
Last Updated:

Gini Silk Mills Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 5.59 Cr
  • Company Age 44 Year, 11 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.53 Cr
  • Satisfied Charges ₹ 13.79 Cr
  • Revenue Growth 44.73%
  • Profit Growth 305.16%
  • Ebitda 791.80%
  • Net Worth 1.14%
  • Total Assets 1.95%

About Gini Silk Mills

Gini Silk Mills Limited (GSML) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 April 1981 and has a history of 44 years. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531744.

The Corporate was formerly known as Gini Silk Mills Private Limited. The Company is engaged in the Manufacturing 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 7.00 Cr and a paid-up capital of Rs 5.59 Cr.

The company currently has active open charges totaling ₹5.53 Cr. The company has closed loans amounting to ₹13.79 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gini Silk Mills Limited India are Ashwini Somkuwar as COMPANY SECRETARY and Prasad Nagvekar as Cfo. Ajay Jajodia, Ramakant Gaggar, Anjali Harlalka, 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

    L17300MH1981PLC024184

  • Company No.

    024184

  • Stock Symbol

    BSE : 531744

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Apr 1981

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Gini Silk Mills Limited offer?

Gini Silk Mills Limited offers a wide range of products and services, including Suiting and Shirting Fabric, Polyester Suiting Fabric, Polyester Textile, Polyester Viscose Fabrics, Synthetic Fabric, Viscose Fabric, Apparel Fabrics & Clothing Textiles, Cotton Textile, Cotton Fabric, Polycotton Fabric.

Company report

Gini Silk Mills Limited

Explore comprehensive data for Gini Silk Mills Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Gini Silk Mills?

Executive Team (3)

NameDesignationAppointment DateStatus
Ashwini Somkuwar Company Secretary16-Sep-2023Current
Prasad Nagvekar Country flag representing In CFO07-Jan-2019Current
Deepak Harlalka Country flag representing In Managing Director01-Jul-2010Current

Board Members (5)

NameDesignationAppointment DateStatus
Ramakant Gaggar Country flag representing In Director 23-Aug-2024Current
Ajay Jajodia Country flag representing In Director 12-Aug-2024Current
Anjali Harlalka Country flag representing In Director 28-Mar-2015Current
Pranav Harlalka Country flag representing In Whole-Time Director 27-Jul-2020Current
Ruchir Jalan Country flag representing In Director 30-May-2016Current

Financial Performance of Gini Silk Mills.

Gini Silk Mills Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 44.73% increase. The company also saw a substantial improvement in profitability, with a 305.16% increase in profit. The company's net worth moved up by a moderate rise of 1.14%.

Gini Silk Mills revenue growth over time
Gini Silk Mills 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
44.73%
Revenue from Operations
49.50%
Total Assets
1.95%
Profit or Loss
305.16%
Net Worth
1.14%
EBITDA
791.80%

What is the Ownership and Shareholding Structure of Gini Silk Mills?

In 2023, Gini Silk Mills had a promoter holding of 74.98% and a public holding of 25.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5.53 Cr

Satisfied Charges

₹13.79 Cr

Charges Breakdown by Lending Institutions

  • Others : 5.53 Cr

Latest Charge Details

DateLenderAmountStatus
28 Aug 2017Others₹5.53 CrOpen
29 Jan 1997Sicom Limited₹1.00 CrSatisfied
11 Oct 1996The Mercantile Bank₹0.19 MSatisfied
03 Apr 1996State Bank Of India₹11.39 CrSatisfied
15 May 1986Union Bank Of India₹0.50 MSatisfied

How Many Employees Work at Gini Silk Mills?

Gini Silk Mills has a workforce of 57 employees as of Apr 08, 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 Gini Silk Mills Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gini Silk Mills, 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 Gini Silk Mills'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 Gini Silk Mills

Recent activity within the organization

  • Annual General Meeting

    Gini Silk Mills Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Director Appointment

    Ramakant Gaggar was appointed as a Director was appointed as a Director on 23 Aug 2024 & has been associated with this company since 7 months 22 days .

  • Director Appointment

    Ajay Beniprasad Jajodia was appointed as a Director was appointed as a Director on 12 Aug 2024 & has been associated with this company since 8 months 2 days .

  • Balance Sheet

    Gini Silk Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Ashwini Somkuwar was appointed as a Company Secretary was appointed as a Company Secretary on 16 Sep 2023 & has been associated with this company since 1 year 6 months .

  • Charges

    A charge with Others of Rs. 5.53 Cr registered on 28 Aug 2017 with Charge ID 100123664 was modified on 25 Aug 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Gini Silk Mills Limited?

    Gini Silk Mills Limited was incorporated on 03 Apr 1981.

  • What is authorized share capital and paid-up capital of Gini Silk Mills Limited?

    The authorized share capital of Gini Silk Mills Limited is ₹ 7.00 Cr and paid-up capital is ₹ 5.59 Cr.

  • Who are the current board members & directors of Gini Silk Mills Limited?

    Currently 8 directors are associated with Gini Silk Mills Limited.

    • Ajay Beniprasad Jajodia
    • Ramakant Gaggar
    • Anjali Deepak Harlalka
    • Ashwini Somkuwar
    • Prasad Anant Nagvekar
    • Pranav Deepak Harlalka
    • Ruchir Omprakash Jalan
    • Deepak Vishwanath Harlalka

  • What is the registered address of Gini Silk Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gini Silk Mills Limited is 413 Jogani Industrial Estate Opp. Kasturba -Hospital J. R. Boricha Marg Lower Par El (East), India, Mumbai, Maharashtra, 400011.

  • What is the corporate identification number (CIN) and company number of Gini Silk Mills Limited?

    The corporate identification number (CIN) of Gini Silk Mills Limited is L17300MH1981PLC024184 and the company number is 024184 as per Ministry of Corporate Affairs (MCA).

  • Is Gini Silk Mills Limited registered with any stock exchange in India?

    Yes, Gini Silk Mills Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Gini Silk Mills Limited?

    The Official website of Gini Silk Mills Limited is https://www.ginitex.com

  • What has been the recent revenue trend for Gini Silk Mills Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gini Silk Mills Limited has risen by 44.73%.

  • How many employees does Gini Silk Mills Limited currently have?

    As Per 2023 financial reports, 57 employees are currently employed by Gini Silk Mills Limited.

  • What change has been observed in the net worth of Gini Silk Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Gini Silk Mills Limited has experienced an upsurge of 1.14%.

  • What are the total open charges for Gini Silk Mills Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gini Silk Mills Limited amount to ₹ 5.53 Cr.

  • When was the last Balance Sheet of Gini Silk Mills Limited filed with the ROC?

    The most recent Balance Sheet for Gini Silk Mills Limited was filed with the ROC on 31 Mar 2024.

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