Glosec Finance Private Limited

Provides financial services as a Non-Banking Financial Company (NBFC).

1971 | Jalandhar, Punjab (India) | Active
Last Updated:

Glosec Finance Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.59 Cr
  • Company Age 53 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5.59 Cr
  • Satisfied Charges ₹ 95.87 Cr
  • Revenue Growth 92.56%
  • Profit Growth 126.06%
  • Ebitda -477.75%
  • Net Worth 6.76%
  • Total Assets -30.86%

About Glosec Finance

Glosec Finance Private Limited (GFPL) was founded in India on 25 November 1971 and has a glorious history of 53 years and three months.Its registered office is in Jalandhar, Punjab, India.

The Corporate was formerly known as Midland Motor Finance Co Pvt Limited. The Company is engaged in the Financial Services 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 3.00 Cr and a paid-up capital of Rs 2.59 Cr.

The company currently has active open charges totaling ₹5.59 Cr. The company has closed loans amounting to ₹95.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

Parminder Singh, Sukhwinder Singh, and Paramjit Randhawa serve as directors at the Company.

Company Details

  • Location

    Jalandhar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65921PB1971PTC003076

  • Company No.

    003076

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Nov 1971

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

Who are the key members and board of directors at Glosec Finance?

Executive Team (1)

NameDesignationAppointment DateStatus
Parminder Singh Country flag representing In Managing Director01-Jul-2015Current

Board Members (2)

NameDesignationAppointment DateStatus
Sukhwinder Singh Country flag representing In Director 31-Jan-2010Current
Paramjit Randhawa Country flag representing In Director 17-Dec-2015Current

Financial Performance of Glosec Finance.

Glosec Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 92.56% increase. The company also saw a substantial improvement in profitability, with a 126.06% increase in profit. The company's net worth moved up by a moderate rise of 6.76%.

Glosec Finance revenue growth over time
Glosec Finance 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
92.56%
Revenue from Operations
22.54%
Total Assets
-30.86%
Profit or Loss
126.06%
Net Worth
6.76%
EBITDA
-477.75%

What is the Ownership and Shareholding Structure of Glosec Finance?

In 2023, Glosec Finance had a promoter holding of 24.36% and a public holding of 75.64%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5.59 Cr

Satisfied Charges

₹95.87 Cr

Charges Breakdown by Lending Institutions

  • Others : 4.88 Cr
  • Ca Sangeeta Sharma : 0.71 Cr

Latest Charge Details

DateLenderAmountStatus
15 Dec 2022Others₹2.50 MOpen
01 Sep 2021Others₹8.00 MOpen
22 Feb 2017Others₹5.33 MOpen
07 Nov 2016Others₹1.80 CrOpen
28 May 2016Others₹1.49 CrOpen

How Many Employees Work at Glosec Finance?

Glosec Finance has a workforce of 1 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.

Employee growth trends for Glosec Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Glosec Finance, 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 Glosec Finance'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 Glosec Finance

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

    Glosec Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100663449 was registered on 15 Dec 2022.

  • Charges

    A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100483830 was registered on 01 Sep 2021.

  • Charges

    A charge registered on 24 Aug 2005 via Charge ID 90171542 with Punjab National Bank was fully satisfied on 20 May 2019.

  • Charges

    A charge registered on 06 Aug 2005 via Charge ID 90171540 with Punjab National Bank was fully satisfied on 20 May 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Glosec Finance Private Limited?

    Glosec Finance Private Limited was incorporated on 25 Nov 1971.

  • What is authorized share capital and paid-up capital of Glosec Finance Private Limited?

    The authorized share capital of Glosec Finance Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.59 Cr.

  • Who are the current board members & directors of Glosec Finance Private Limited?

    Currently 3 directors are associated with Glosec Finance Private Limited.

    • Parminder Singh
    • Sukhwinder Singh
    • Paramjit Singh Randhawa

  • What is the registered address of Glosec Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Glosec Finance Private Limited is The Axis First Floor Plot No. 1 R.B. Badri Dass Colony, Gt Roa D India, Jalandhar, Punjab, 144001.

  • What is the corporate identification number (CIN) and company number of Glosec Finance Private Limited?

    The corporate identification number (CIN) of Glosec Finance Private Limited is U65921PB1971PTC003076 and the company number is 003076 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Glosec Finance Private Limited?

    The Official website of Glosec Finance Private Limited is https://www.glosecmarketing.com

  • What has been the recent revenue trend for Glosec Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Glosec Finance Private Limited has risen by 92.56%.

  • How many employees does Glosec Finance Private Limited currently have?

    As Per 2023 financial reports, 1 employees are currently employed by Glosec Finance Private Limited.

  • What change has been observed in the net worth of Glosec Finance Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Glosec Finance Private Limited has experienced an upsurge of 6.76%.

  • What are the total open charges for Glosec Finance Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Glosec Finance Private Limited amount to ₹ 5.59 Cr.

  • When was the last Balance Sheet of Glosec Finance Private Limited filed with the ROC?

    The most recent Balance Sheet for Glosec Finance Private Limited was filed with the ROC on 31 Mar 2023.

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