Glaze Garments (India) Limited

Manufactures and trades garments, yarn, and fabrics since 1998.

1998 | Ludhiana, Punjab (India) | Active
Last Updated: December 30, 2024

Glaze Garments (India) Profile

Key Indicators

  • Authorised Capital ₹ 2.40 Cr
  • Paid Up Capital ₹ 2.21 Cr
  • Company Age 27 Year, 28 Days
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 45.24 Cr
  • Revenue Growth -92.08%
  • Profit Growth 87.60%
  • Ebitda 95.11%
  • Net Worth -1.01%
  • Total Assets -0.73%

About Glaze Garments (India)

Glaze Garments (India) Limited (GGIL) is a Public Limited Indian Non-Government Company incorporated in India on 27 January 1998 and has a history of 27 years. Its registered office is in Ludhiana, Punjab.

The Corporate was formerly known as Glaze Garments 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 2.40 Cr and a paid-up capital of Rs 2.21 Cr.

The company has closed loans amounting to ₹45.24 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Anil Jain, Tarun Jain, and Varun Jain serve as directors at the Company.

Company Details

  • Location Ludhiana, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vgil.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17299PB1998PLC021003

  • Company No.

    021003

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Jan 1998

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

Who are the key members and board of directors at Glaze Garments (India)?

Board Members (3)

NameDesignationAppointment DateStatus
Varun Jain Country flag representing In Director 01-May-2007Current
Anil Jain Country flag representing In Director 20-Jan-2005Current
Tarun Jain Country flag representing In Director 20-Jan-2005Current

Financial Performance of Glaze Garments (India).

Glaze Garments (India) Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 92.08% decrease. The company also saw a substantial improvement in profitability, with a 87.6% increase in profit. The company's net worth dipped by a decrease of 1.01%.

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
-92.08%
Revenue from Operations
-99.83%
Total Assets
-0.73%
Profit or Loss
87.60%
Net Worth
-1.01%
EBITDA
95.11%

What is the Ownership and Shareholding Structure of Glaze Garments (India)?

In 2021, Glaze Garments (India) had a promoter holding of 56.09% and a public holding of 43.91%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹45.24 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of Patiala : 45.10 Cr
  • Hdfc Bank Limited : 0.14 Cr

Latest Charge Details

DateLenderAmountStatus
18 Jul 2015Hdfc Bank Limited₹1.35 MSatisfied
19 Oct 2011State Bank Of Patiala₹2.80 CrSatisfied
22 Feb 2007State Bank Of Patiala₹2.00 CrSatisfied
31 Mar 2006State Bank Of Patiala₹2.80 CrSatisfied
25 Mar 2005State Bank Of Patiala₹1.00 CrSatisfied

How Many Employees Work at Glaze Garments (India)?

Glaze Garments (India) has a workforce of 2 employees as of Mar 22, 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 Glaze Garments (India), 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 Glaze Garments (India)'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 Glaze Garments (India)

Recent activity within the organization

  • Annual General Meeting

    Glaze Garments (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Glaze Garments (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Charges

    A charge registered on 18 Jul 2015 via Charge ID 10593670 with Hdfc Bank Limited was fully satisfied on 06 Apr 2022.

    06 Apr 2022

  • Charges

    A charge registered on 31 Aug 2001 via Charge ID 90173977 with State Bank Of Patiala was fully satisfied on 01 Nov 2021.

    01 Nov 2021

  • Charges

    A charge registered on 19 Oct 2011 via Charge ID 10316633 with State Bank Of Patiala was fully satisfied on 21 Mar 2016.

    21 Mar 2016

  • Charges

    A charge with State Bank Of Patiala of Rs. 36.50 Cr registered on 31 Aug 2001 with Charge ID 90173977 was modified on 04 Mar 2016.

    04 Mar 2016

Frequently asked questions

  • Glaze Garments (India) Limited was incorporated on 27 Jan 1998.

  • The authorized share capital of Glaze Garments (India) Limited is ₹ 2.40 Cr and paid-up capital is ₹ 2.21 Cr.

  • Currently 3 directors are associated with Glaze Garments (India) Limited.

    • Anil Kumar Jain
    • Tarun Jain
    • Varun Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Glaze Garments (India) Limited is Village Hussain Puraopp Hotel Amaltas G T Road India, Ludhiana, Punjab, 141005.

  • The corporate identification number (CIN) of Glaze Garments (India) Limited is U17299PB1998PLC021003 and the company number is 021003 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Glaze Garments (India) Limited is https://www.vgil.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Glaze Garments (India) Limited has fallen by -92.08%.

  • As Per 2021 financial reports, 2 employees are currently employed by Glaze Garments (India) Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Glaze Garments (India) Limited has experienced an downturn of -1.01%.

  • The most recent Balance Sheet for Glaze Garments (India) Limited was filed with the ROC on 31 Mar 2024.

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