Grindwell Norton Limited

Manufacturer and seller of abrasives, ceramics, and plastics with global reach and diverse product range.

1950 | Mumbai, Maharashtra (India) | Active
Last Updated:

Grindwell Norton Profile

Key Indicators

  • Authorised Capital ₹ 66.00 Cr
  • Paid Up Capital ₹ 55.36 Cr
  • Company Age 74 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 33.98 Cr
  • Satisfied Charges ₹ 277.68 Cr
  • Revenue Growth 17.55%
  • Profit Growth 17.68%
  • Ebitda 19.32%
  • Net Worth 14.47%
  • Total Assets 11.56%

About Grindwell Norton

Grindwell Norton Limited (GNL) was founded in India on 31 July 1950 and has a glorious history of 74 years and seven months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 506076 and on the National Stock Exchange(NSE) under GRINDWELL.

The Corporate was formerly known as Grindwell Abrasives 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 2024. It's a company limited by shares with an authorized capital of Rs 66.00 Cr and a paid-up capital of Rs 55.36 Cr.

The company currently has active open charges totaling ₹33.98 Cr. The company has closed loans amounting to ₹277.68 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Grindwell Norton Limited India are Hari Singudasu as CFO and Krishnaswamy Visweswaran as Company Secretary. Archana Hingorani, Subodh Nadkarni, Santhanam, and Six other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    L26593MH1950PLC008163

  • Company No.

    008163

  • Stock Symbol

    BSE : 506076 NSE : GRINDWELL

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Jul 1950

  • Date of AGM

    18 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Grindwell Norton Limited offer?

Grindwell Norton Limited offers a wide range of products and services, including Packaging Films & Foils, Protective Film, Abrasives & Grains, Abrasive Wheels, Saw Blades & Grinding Wheels, Grinding Wheels, Drills, Grinders, Saws & Power Tools, Electric Cutting Tools, Abrasive Tool, Abrasive Belts.

Who are the key members and board of directors at Grindwell Norton?

Executive Team (3)

NameDesignationAppointment DateStatus
Santhanam Country flag representing In Managing Director24-Jul-2020Current
Hari Singudasu CFO29-Jan-2024Current
Krishnaswamy Visweswaran Company Secretary07-Jun-2006Current

Financial Performance of Grindwell Norton.

Grindwell Norton Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.55% increase. The company also saw a substantial improvement in profitability, with a 17.68% increase in profit. The company's net worth Soared by an impressive increase of 14.47%.

Graph illustrating revenue growth over time
Graph showing 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
17.55%
Revenue from Operations
18.10%
Total Assets
11.56%
Profit or Loss
17.68%
Net Worth
14.47%
EBITDA
19.32%

What is the Ownership and Shareholding Structure of Grindwell Norton?

In 2023, Grindwell Norton had a promoter holding of 58.04% and a public holding of 41.96%. The company had 1 Subsidiary and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹33.98 Cr

Satisfied Charges

₹277.68 Cr

Charges Breakdown by Lending Institutions

  • Yes Bank Limited : 24.97 Cr
  • Citi Bank N.A. : 9.00 Cr
  • The Secretary To The Government Of Maharashtra : 0.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jun 2017Citi Bank N.A.₹9.00 CrOpen
06 Feb 2007Yes Bank Limited₹12.49 CrOpen
26 Dec 2006Yes Bank Limited₹12.49 CrOpen
30 Jul 1968The Secretary To The Government Of Maharashtra₹0.05 MOpen
24 Mar 2022Axis Bank Limited₹25.00 CrSatisfied

How Many Employees Work at Grindwell Norton?

Grindwell Norton has a workforce of 2282 employees as of Apr 07, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Grindwell Norton, 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 Grindwell Norton'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 Grindwell Norton

Recent activity within the organization

  • Director Appointment

    Kaustubh Govind Shukla was appointed as a Director was appointed as a Director on 16 Aug 2024 & has been associated with this company since 6 months 15 days .

    16 Aug 2024

  • Annual General Meeting

    Grindwell Norton Limited last Annual general meeting of members was held on 18 Jul 2024 as per latest MCA records.

    18 Jul 2024

  • Director Appointment

    Venugopal Ramnath Shanbhag was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 07 Jun 2024 & has been associated with this company since 8 months 23 days .

    07 Jun 2024

  • Balance Sheet

    Grindwell Norton Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge registered on 24 Mar 2022 via Charge ID 100560475 with Axis Bank Limited was fully satisfied on 01 Feb 2024.

    01 Feb 2024

  • Director Appointment

    Hari Singudasu was appointed as a Cfo was appointed as a Cfo on 29 Jan 2024 & has been associated with this company since 1 year 1 month .

    29 Jan 2024

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Grindwell Norton Limited?

    Grindwell Norton Limited was incorporated on 31 Jul 1950.

  • What is authorized share capital and paid-up capital of Grindwell Norton Limited?

    The authorized share capital of Grindwell Norton Limited is ₹ 66.00 Cr and paid-up capital is ₹ 55.36 Cr.

  • Who are the current board members & directors of Grindwell Norton Limited?

    Currently 11 directors are associated with Grindwell Norton Limited.

    • Archana Niranjan Hingorani
    • Subodh Satchitanand Nadkarni
    • Santhanam
    • Sreedhar Natarajan
    • Venugopal Ramnath Shanbhag
    • JeanClaude Roger Lasserre
    • Kaustubh Govind Shukla
    • Hari Singudasu
    • Krishnaswamy Visweswaran
    • Aakil Anand Mahajan
    • David Eric Molho

  • What is the registered address of Grindwell Norton Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Grindwell Norton Limited is 5Th Level Leela Business Park Andheri-Kurla Road Marol, Andheri East India, Mumbai, Maharashtra, 400059.

  • What is the corporate identification number (CIN) and company number of Grindwell Norton Limited?

    The corporate identification number (CIN) of Grindwell Norton Limited is L26593MH1950PLC008163 and the company number is 008163 as per Ministry of Corporate Affairs (MCA).

  • Is Grindwell Norton Limited registered with any stock exchange in India?

    Yes, Grindwell Norton Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): GRINDWELL.

  • What is the official website of Grindwell Norton Limited?

    The Official website of Grindwell Norton Limited is https://www.grindwellnorton.co.in

  • What has been the recent revenue trend for Grindwell Norton Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Grindwell Norton Limited has risen by 17.55%.

  • How many employees does Grindwell Norton Limited currently have?

    As Per 2023 financial reports, 2282 employees are currently employed by Grindwell Norton Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Grindwell Norton Limited has experienced an upsurge of 14.47%.

  • What are the total open charges for Grindwell Norton Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Grindwell Norton Limited amount to ₹ 33.98 Cr.

  • When was the last Balance Sheet of Grindwell Norton Limited filed with the ROC?

    The most recent Balance Sheet for Grindwell Norton Limited was filed with the ROC on 31 Mar 2024.

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