Gokak Textiles Limited

This company manufactures cotton yarn, knitwear, and garments for domestic and export markets.

2006 | Bangalore, Karnataka (India) | Active
Last Updated:

Gokak Textiles Profile

Key Indicators

  • Authorised Capital ₹ 267.00 Cr
  • Company Age 18 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 170.00 Cr
  • Satisfied Charges ₹ 422.96 Cr
  • Revenue Growth -33.41%
  • Profit Growth 111.01%
  • Ebitda -28.38%
  • Net Worth 113.22%
  • Total Assets -6.41%

About Gokak Textiles

Gokak Textiles Limited (GTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 March 2006 and has a history of 18 years and 11 months. Its registered office is in Bangalore, Karnataka, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532957.

The Corporate was formerly known as Ans Textiles (Bangalore) 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 2023. It's a company limited by shares with an authorized capital of Rs 267.00 Cr and a paid-up capital of Rs 0.00.

The company currently has active open charges totaling ₹170.00 Cr. The company has closed loans amounting to ₹422.96 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gokak Textiles Limited India are Vipan Sharma as CFO and Rakesh Nanwani as Company Secretary. Pradip Kapadia, Govinda Dasu, Nikhil Bhatia, and Two other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    L17116KA2006PLC038839

  • Company No.

    038839

  • Stock Symbol

    BSE : 532957

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Mar 2006

  • Date of AGM

    14 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Bangalore

Industry

Manufacturing

What products or services does Gokak Textiles Limited offer?

Gokak Textiles Limited offers a wide range of products and services, including Men Shirts, Jeans & Clothing, Men T-Shirts, Towels, Napkins & Handkerchieves, Towels, Aprons, Door Mats & Bath Mats, Bathroom Mats, Face Mask & Medical PPE Kits, Face Mask, Sewing Threads.

Who are the key members and board of directors at Gokak Textiles?

Executive Team (3)

NameDesignationAppointment DateStatus
Vipan Sharma CFO28-Jun-2021Current
Rakesh Nanwani Company Secretary26-May-2017Current
Gautam Kumtakar Country flag representing In Managing Director19-Jan-2024Current

Board Members (4)

NameDesignationAppointment DateStatus
Nikhil Bhatia Country flag representing In Director 22-May-2019Current
Pradip Kapadia Country flag representing In Director 12-Sep-2008Current
Govinda Dasu Country flag representing In Director 06-Feb-2007Current
Vinod Bhandawat Country flag representing In Director 15-Jan-2021Current

Financial Performance of Gokak Textiles.

Gokak Textiles Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.41% decrease. The company also saw a substantial improvement in profitability, with a 111.01% increase in profit. The company's net worth Soared by an impressive increase of 113.22%.

Gokak Textiles revenue growth over time
Gokak Textiles 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
-33.41%
Revenue from Operations
-34.19%
Total Assets
-6.41%
Profit or Loss
111.01%
Net Worth
113.22%
EBITDA
-28.38%

What is the Ownership and Shareholding Structure of Gokak Textiles?

In 2023, Gokak Textiles had a promoter holding of 73.56% and a public holding of 26.44%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹170.00 Cr

Satisfied Charges

₹422.96 Cr

Charges Breakdown by Lending Institutions

  • Others : 170.00 Cr

Latest Charge Details

DateLenderAmountStatus
17 Apr 2024Others₹160.00 CrOpen
28 Feb 2024Others₹10.00 CrOpen
29 Dec 2015Rbl Bank Limited₹65.00 CrSatisfied
21 Nov 2013Rbl Bank Limited₹50.00 CrSatisfied
20 Jul 2012Export-Import Bank Of India₹4.40 CrSatisfied

How Many Employees Work at Gokak Textiles?

Gokak Textiles has a workforce of 1606 employees as of Apr 03, 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 Gokak Textiles Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gokak Textiles, 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 Gokak Textiles'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 Gokak Textiles

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 160.00 Cr with Charge ID 100902465 was registered on 17 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100882181 was registered on 28 Feb 2024.

  • Director Appointment

    Gautam Vasant Kumtakar was appointed as a Managing Director was appointed as a Managing Director on 19 Jan 2024 & has been associated with this company since 1 year 1 month .

  • Annual General Meeting

    Gokak Textiles Limited last Annual general meeting of members was held on 14 Jul 2023 as per latest MCA records.

  • Balance Sheet

    Gokak Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Director Appointment

    Vinod Bhandawat was appointed as a Director was appointed as a Director on 15 Jan 2021 & has been associated with this company since 4 years 1 month .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Gokak Textiles Limited?

    Gokak Textiles Limited was incorporated on 27 Mar 2006.

  • What is authorized share capital and paid-up capital of Gokak Textiles Limited?

    The authorized share capital of Gokak Textiles Limited is ₹ 267.00 Cr and paid-up capital is ₹ 0.00.

  • Who are the current board members & directors of Gokak Textiles Limited?

    Currently 7 directors are associated with Gokak Textiles Limited.

    • Pradip Narotam Kapadia
    • Govinda Prasad Dasu
    • Nikhil Jaysinh Bhatia
    • Vipan Kumar Sharma
    • Rakesh Maheshkumar Nanwani
    • Gautam Vasant Kumtakar
    • Vinod Bhandawat

  • What is the registered address of Gokak Textiles Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gokak Textiles Limited is #1 2Nd Floor 12Th Cross Ideal Homes, Near Jayanna Circle Rajarajeshwari Nagar, Bangalore, Karnataka, India, 560098.

  • What is the corporate identification number (CIN) and company number of Gokak Textiles Limited?

    The corporate identification number (CIN) of Gokak Textiles Limited is L17116KA2006PLC038839 and the company number is 038839 as per Ministry of Corporate Affairs (MCA).

  • Is Gokak Textiles Limited registered with any stock exchange in India?

    Yes, Gokak Textiles Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Gokak Textiles Limited?

    The Official website of Gokak Textiles Limited is https://www.online.gokaktextiles.com

  • What has been the recent revenue trend for Gokak Textiles Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gokak Textiles Limited has fallen by -33.41%.

  • How many employees does Gokak Textiles Limited currently have?

    As Per 2023 financial reports, 1606 employees are currently employed by Gokak Textiles Limited.

  • What change has been observed in the net worth of Gokak Textiles Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Gokak Textiles Limited has experienced an upsurge of 113.22%.

  • What are the total open charges for Gokak Textiles Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gokak Textiles Limited amount to ₹ 170.00 Cr.

  • When was the last Balance Sheet of Gokak Textiles Limited filed with the ROC?

    The most recent Balance Sheet for Gokak Textiles Limited was filed with the ROC on 31 Mar 2023.

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