Greaves Technologies Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 1.40 M
- Company Age 64 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.80 Cr
- Revenue Growth 158.75%
- Profit Growth -289.27%
- Ebitda 28.08%
- Net Worth 1128.78%
- Total Assets 12.74%
About Greaves Technologies
Greaves Technologies Limited (GTL) was founded in India on 19 August 1960 and has a glorious history of 64 years and seven months. Its registered office is in Aurangabad, Maharashtra.
The Corporate was formerly known as Dee Greaves Limited. The Company is engaged in the Professional Services 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 5.00 Cr and a paid-up capital of Rs 1.40 M.
The company currently has active open charges totaling ₹3.80 Cr.
The Key Managerial Personnel (KMP) at Greaves Technologies Limited India is Jeel Shah as COMPANY SECRETARY. Nagesh Basavanhalli, Ravi Kirpalani, Suman Nelluri, and One other member serve as directors at the Company.
Company Details
- Location Aurangabad, Maharashtra
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28920MH1960PLC011788
- Company No.
011788
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
19 Aug 1960
- Date of AGM
24 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Professional Services
Who are the key members and board of directors at Greaves Technologies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jeel Shah | Company Secretary | 06-May-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravi Kirpalani  | Director | 05-May-2023 | Current |
| Akhila Balachandar | Director | Current | |
Nagesh Basavanhalli  | Director | 28-Sep-2016 | Current |
| Suman Nelluri | Whole-Time Director | 06-Oct-2021 | Current |
Financial Performance of Greaves Technologies.
Greaves Technologies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 158.75% increase. The company also saw a substantial fall in profitability, with a 289.27% decrease in profit. The company's net worth Soared by an impressive increase of 1128.78%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Greaves Technologies?
In 2023, Greaves Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Santres Engineering Private LimitedSuman Nelluri is a mutual person
Heka Solutions Private LimitedSuman Nelluri is a mutual person
Greaves Electric Mobility Private LimitedNagesh Basavanhalli is a mutual person
Foseco India LimitedRavi Kirpalani is a mutual person
Breach Candy Hospital TrustNagesh Basavanhalli is a mutual person
Excel Controlinkage Private LimitedRavi Kirpalani is a mutual person
Charges (Loans)
Open Charges
₹3.80 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 3.75 Cr
- Grindlays Bank : 0.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Dec 2022 | Axis Bank Limited | ₹3.75 Cr | Open |
| 23 May 1973 | Grindlays Bank | ₹0.50 M | Open |
How Many Employees Work at Greaves Technologies?
Greaves Technologies has a workforce of 355 employees as of Apr 04, 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 Greaves Technologies, 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 Greaves Technologies'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 Greaves Technologies
Recent activity within the organization
- Annual General Meeting
Greaves Technologies Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records.
- Balance Sheet
Greaves Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Axis Bank Limited of Rs. 3.75 Cr registered on 09 Dec 2022 with Charge ID 100659008 was modified on 29 Feb 2024.
- Director Appointment
Jeel Deepak Shah was appointed as a Company Secretary was appointed as a Company Secretary on 06 May 2023 & has been associated with this company since 1 year 10 months .
- Director Appointment
Ravi Moti Kirpalani was appointed as a Director was appointed as a Director on 05 May 2023 & has been associated with this company since 1 year 10 months .
- Charges
A charge with Axis Bank Limited amounted to Rs. 3.75 Cr with Charge ID 100659008 was registered on 09 Dec 2022.
Recent News, Updates & Announcement
- Greaves Cotton Diversifies Business, Reduces Dependence on Automotive Engines.
Greaves Cotton, a Mumbai-based engineering company, is diversifying its business to reduce its dependence on automotive diesel engines. It has entered new areas such as manufacturing marine engines, electric vehicles, and providing after-sales services. The company's revenue from automotive engines has decreased to 40%, but overall revenue has grown by 10% annually. It has also invested in developing new businesses and upgrading its engine portfolio to meet BS-VI emission norms..
- Greaves Cotton Reports 4.2% Decrease in Q1 Profit, Sees Growth in New Businesses and Launches Electric Vehicle.
Greaves Cotton, a company that makes engines and heavy equipment, reported a 4.2% decrease in profit after tax in the first quarter of FY'19. Despite tough market conditions, the company saw growth in new businesses like CNG, e-mobility, and retail. They also launched a new electric vehicle and now have over 350 retail outlets..
Frequently asked questions
What is the Incorporation or founding date of Greaves Technologies Limited?
Greaves Technologies Limited was incorporated on 19 Aug 1960.
What is authorized share capital and paid-up capital of Greaves Technologies Limited?
The authorized share capital of Greaves Technologies Limited is ₹ 5.00 Cr and paid-up capital is ₹ 1.40 M.
Who are the current board members & directors of Greaves Technologies Limited?
Currently 5 directors are associated with Greaves Technologies Limited.
- Nagesh Basavanhalli
- Ravi Moti Kirpalani
- Suman Nelluri
- Akhila Balachandar
- Jeel Deepak Shah
What is the registered address of Greaves Technologies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Greaves Technologies Limited is J-2 Midc Industrial Area Chikalthana, India, Aurangabad, Maharashtra, 431210.
What is the corporate identification number (CIN) and company number of Greaves Technologies Limited?
The corporate identification number (CIN) of Greaves Technologies Limited is U28920MH1960PLC011788 and the company number is 011788 as per Ministry of Corporate Affairs (MCA).
What is the official website of Greaves Technologies Limited?
The Official website of Greaves Technologies Limited is https://www.greavescotton.com
What has been the recent revenue trend for Greaves Technologies Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Greaves Technologies Limited has risen by 158.75%.
How many employees does Greaves Technologies Limited currently have?
As Per 2023 financial reports, 355 employees are currently employed by Greaves Technologies Limited.
What change has been observed in the net worth of Greaves Technologies Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Greaves Technologies Limited has experienced an upsurge of 1128.78%.
What are the total open charges for Greaves Technologies Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Greaves Technologies Limited amount to ₹ 3.80 Cr.
When was the last Balance Sheet of Greaves Technologies Limited filed with the ROC?
The most recent Balance Sheet for Greaves Technologies Limited was filed with the ROC on 31 Mar 2024.
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