Globe Textiles (India) Profile
Key Indicators
- Authorised Capital ₹ 61.00 Cr
- Paid Up Capital ₹ 60.06 Cr
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 156.45 Cr
- Satisfied Charges ₹ 46.21 Cr
- Revenue Growth -1.29%
- Profit Growth -94.35%
- Ebitda -62.70%
- Net Worth -0.75%
- Total Assets 15.22%
About Globe Textiles (India)
Globe Textiles (India) Limited (GTIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 October 1995 and has a history of 29 years and seven months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the National Stock Exchange(NSE) under the ticker symbol GLOBE.
The Corporate was formerly known as Swaroop Financial Services Pvt Ltd. 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 61.00 Cr and a paid-up capital of Rs 60.06 Cr.
The company currently has active open charges totaling ₹156.45 Cr. The company has closed loans amounting to ₹46.21 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Globe Textiles (India) Limited India are Bhavin Parikh as CEO and Monali Maheshwari as Company Secretary. Bhavik Parikh, Bharat Patel, Yogesh Kanhiyalal, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L65910GJ1995PLC027673
- Company No.
027673
- Stock Symbol
NSE : GLOBE
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
04 Oct 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
Manufacturing
What products or services does Globe Textiles (India) Limited offer?
Globe Textiles (India) Limited offers a wide range of products and services, including Scarves, Shawls, Stoles, Bandanas, Scarf, Natural Fabric, Printed Cotton Fabric, Bed Sheets, Plain Bed Sheets, Linen Fabrics, Apparel Denim Fabric, Denim Fabric, Cotton Textile.
Globe Textiles (India) Limited
Explore comprehensive data for Globe Textiles (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Globe Textiles (India)?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bhavik Parikh  | Managing Director | 03-Apr-2012 | Current |
| Bhavin Parikh | CEO | 22-Mar-2017 | Current |
| Monali Maheshwari | Company Secretary | 26-Nov-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajatkumar Patel | Director | 30-Mar-2021 | Current |
| Bharat Patel | Director | 26-May-2017 | Current |
| Yogesh Kanhiyalal | Director | 27-Mar-2017 | Current |
| Nilaybhai Vora | Whole-Time Director | 31-Mar-2008 | Current |
| Purvi Parikh | Director | 28-Feb-2017 | Current |
Financial Performance of Globe Textiles (India).
Globe Textiles (India) Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 1.29% decrease. The company also saw a substantial fall in profitability, with a 94.35% decrease in profit. The company's net worth dipped by a decrease of 0.75%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Globe Textiles (India)?
In 2022, Globe Textiles (India) had a promoter holding of 63.44% and a public holding of 36.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Secure Matrix Global Private LimitedBharat Patel is a mutual person
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Add-Shop E-Retail LimitedRajatkumar Patel is a mutual person
Accent Microcell LimitedRajatkumar Patel is a mutual person
Yudiz Solutions LimitedBharat Patel is a mutual person
Ahimsa Industries LimitedMonali Maheshwari is a mutual person
Charges (Loans)
Open Charges
₹156.45 Cr
Satisfied Charges
₹46.21 Cr
Charges Breakdown by Lending Institutions
- Others : 156.45 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Aug 2023 | Others | ₹0.78 M | Open |
| 11 Oct 2021 | Others | ₹46.46 Cr | Open |
| 17 Apr 2015 | Others | ₹109.91 Cr | Open |
| 26 Mar 2013 | Bank Of Baroda | ₹3.00 Cr | Satisfied |
| 09 Jan 2012 | Bank Of Baroda | ₹2.00 Cr | Satisfied |
How Many Employees Work at Globe Textiles (India)?
Globe Textiles (India) has a workforce of 17 employees as of Oct 02, 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 Globe Textiles (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 Globe Textiles (India)'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 Globe Textiles (India)
Recent activity within the organization
- Director Appointment
Monali Maheshwari was appointed as a Company Secretary was appointed as a Company Secretary on 26 Nov 2024 & has been associated with this company since 5 months 26 days .
- Annual General Meeting
Globe Textiles (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 109.91 Cr registered on 17 Apr 2015 with Charge ID 10571034 was modified on 27 Aug 2024.
- Balance Sheet
Globe Textiles (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100781249 was registered on 17 Aug 2023.
- Charges
A charge with Others amounted to Rs. 46.46 Cr with Charge ID 100493998 was registered on 11 Oct 2021.
Recent News, Updates & Announcement
- NSE grants in-principle approval to Globe Textiles' rights issue; funds to fuel growth.
The National Stock Exchange (NSE) has granted in-principle approval to garment manufacturer Globe Textiles (India) Ltd for raising over Rs 45 crore through rig....
- Globe Textiles gets NSE nod for rights issue of up to Rs 49 crore to fuel growth.
New Delhi [India], February 21 : Globe Textiles (India) Limited, a globally recognised garment manufacturer, supplier, and trader has received in-principle approval from the stock exchange NSE for a proposed right issue of up to 15,11,41,500 equity shares.The company said in a press release on Wednesday that this strategic initiative underscored the company's commitment to enhancing shareholder value and fortifying its financial position for sustainable growth.The rights issue is an invitation to the existing shareholders to purchase additional shares of the company within a specific period at a discounted price.Bhavin Parikh, Chief Executive Officer at Globe Textiles (India) Limited, said the funds will fuel its forward integration plans via acquisition."It will enhance our asset base, margins and topline as well as introduce innovative sustainable fashion garments and practices that are sought after by customers from India, Europe and the US. We are confident that this development will enhance the estimated top line by 120 crores to about 520 crores while improving margin by 2027- 28," Parikh added.Globe Textiles recorded revenue from operations of Rs 9282.96 lakhs for the quarter ended December 31, 2023. For the nine months ended December 31, 2023, the company reported revenue of Rs 32,761.63 lakhs.The company recorded a profit before tax of Rs 198.83 lakhs in the quarter, which is a good sign of growth compared to previous periods.Additionally, Globe Textiles reported a profit after tax of Rs 163.83 lakhs for the quarter and Rs 444.71 lakhs for the nine months ending on December 31, 2023.As per the release, the company's profit after tax increased 4x from Rs 47.61 lakhs to Rs 163.83 lakhs in the previous comparative quarter.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor.
- Globe Textiles India Ltd to acquire Globe Denwash Ltd, aiming for sustainable growth.
New Delhi, February 14: Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash Private Limited through the purchase of shares..
Frequently asked questions
What is the Incorporation or founding date of Globe Textiles (India) Limited?
Globe Textiles (India) Limited was incorporated on 04 Oct 1995.
What is authorized share capital and paid-up capital of Globe Textiles (India) Limited?
The authorized share capital of Globe Textiles (India) Limited is ₹ 61.00 Cr and paid-up capital is ₹ 60.06 Cr.
Who are the current board members & directors of Globe Textiles (India) Limited?
Currently 8 directors are associated with Globe Textiles (India) Limited.
- Bhavik Suryakant Parikh
- Bharat Shamjibhai Patel
- Yogesh Vaidya Kanhiyalal
- Nilaybhai Jagdishbhai Vora
- Purvi Bhavin Parikh
- Rajatkumar Dineshbhai Patel
- Bhavin Suryakant Parikh
- Monali Maheshwari
What is the registered address of Globe Textiles (India) Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Globe Textiles (India) Limited is Plot No. 38 To 41 Apparel Park Gidc Khokhra, India, Ahmedabad, Gujarat, 380008.
What is the corporate identification number (CIN) and company number of Globe Textiles (India) Limited?
The corporate identification number (CIN) of Globe Textiles (India) Limited is L65910GJ1995PLC027673 and the company number is 027673 as per Ministry of Corporate Affairs (MCA).
Is Globe Textiles (India) Limited registered with any stock exchange in India?
Yes, Globe Textiles (India) Limited is registered on National Stock Exchange (NSE).
What is the official website of Globe Textiles (India) Limited?
The Official website of Globe Textiles (India) Limited is https://www.globetextiles.net
What has been the recent revenue trend for Globe Textiles (India) Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Globe Textiles (India) Limited has fallen by -1.29%.
How many employees does Globe Textiles (India) Limited currently have?
As Per 2021 financial reports, 17 employees are currently employed by Globe Textiles (India) Limited.
What change has been observed in the net worth of Globe Textiles (India) Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Globe Textiles (India) Limited has experienced an downturn of -0.75%.
What are the total open charges for Globe Textiles (India) Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Globe Textiles (India) Limited amount to ₹ 156.45 Cr.
When was the last Balance Sheet of Globe Textiles (India) Limited filed with the ROC?
The most recent Balance Sheet for Globe Textiles (India) Limited was filed with the ROC on 31 Mar 2024.
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