Glow-Tech Steels Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.55 M
- Company Age 53 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.99 Cr
- Satisfied Charges ₹ 1.97 M
- Revenue Growth 52.24%
- Profit Growth 119.08%
- Ebitda 30.05%
- Net Worth 33.06%
- Total Assets 21.97%
About Glow-Tech Steels
Glow-Tech Steels Pvt Ltd (GSPL) was founded in India on 14 October 1971 and has a glorious history of 53 years and four months. Its registered office is in Rajkot, Gujarat, India.
The Company is engaged in the Metals And Minerals 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 1.00 M and a paid-up capital of Rs 0.55 M.
The company currently has active open charges totaling ₹3.99 Cr. The company has closed loans amounting to ₹1.97 M, as per Ministry of Corporate Affairs (MCA) records.
Harshaben Vadhar, Hitesh Vadhar, and Dhiren Vadhar serve as directors at the Company.
Company Details
-
Location
Rajkot, Gujarat, India
-
Telephone
+91-XXXXXXXXXX
- Email Address
-
Website
-
-
Social Media
-
Corporate Identity Details
-
CIN/LLPIN
U27100GJ1971PTC001973
-
Company No.
001973
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
14 Oct 1971
-
Date of AGM
30 Sep 2024
-
Date of Balance Sheet
31 Mar 2024
-
Listing Status
Unlisted
-
ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Glow-Tech Steels?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harshaben Vadhar
|
Director | 09-Apr-1985 | Current |
|
Hitesh Vadhar
|
Director | 22-Feb-2022 | Current |
|
Dhiren Vadhar
|
Director | 22-Feb-2022 | Current |
Financial Performance of Glow-Tech Steels.
Glow-Tech Steels Pvt Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 52.24% increase. The company also saw a substantial improvement in profitability, with a 119.08% increase in profit. The company's net worth Soared by an impressive increase of 33.06%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Glow-Tech Steels?
In 2020, Glow-Tech Steels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹39.94 M
₹1.97 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 2.50 Cr
- Others : 0.86 Cr
- Developement Credit Bank Limited : 0.63 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jan 2021 | Hdfc Bank Limited | ₹2.50 Cr | Open |
| 05 Sep 2017 | Others | ₹8.64 M | Open |
| 29 Apr 2010 | Developement Credit Bank Limited | ₹6.30 M | Open |
| 03 Nov 1989 | State Bank Of Saurashtra | ₹1.00 M | Satisfied |
| 27 Oct 1989 | State Bank Of Saurashtra | ₹0.97 M | Satisfied |
How Many Employees Work at Glow-Tech Steels?
Unlock and access historical data on people associated with Glow-Tech Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Glow-Tech Steels, 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 Glow-Tech Steels'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.
