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
Who are the key members and board of directors at Glosec Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Parminder Singh  | Managing Director | 01-Jul-2015 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sukhwinder Singh | Director | 31-Jan-2010 | Current |
| Paramjit Randhawa | Director | 17-Dec-2015 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Doaba Finserv Private LimitedParminder Singh is a mutual person
- Ipk Consulting Services Private Limited
Parminder Singh is a mutual person
- Wepay Finance Private Limited
Sukhwinder Singh and Paramjit Randhawa are mutual person
- Ujjwal Finserv Private Limited
Sukhwinder Singh is a mutual person
- Insectos Systems Private Limited
Paramjit Randhawa is a mutual person
Charges (Loans)
₹5.59 Cr
₹95.87 Cr
Charges Breakdown by Lending Institutions
- Others : 4.88 Cr
- Ca Sangeeta Sharma : 0.71 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Dec 2022 | Others | ₹2.50 M | Open |
| 01 Sep 2021 | Others | ₹8.00 M | Open |
| 22 Feb 2017 | Others | ₹5.33 M | Open |
| 07 Nov 2016 | Others | ₹1.80 Cr | Open |
| 28 May 2016 | Others | ₹1.49 Cr | Open |
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.
Deals i
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
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.
