Grip Sales Private Limited

Authorized dealer of Michelin tires, trading rubber tires and tubes since 2004 in Mumbai.

2004 | Mumbai, Maharashtra (India) | Active
Last Updated:

Grip Sales Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 6.40 M
  • Company Age 21 Year, 18 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.00 Cr
  • Satisfied Charges ₹ 3.15 Cr
  • Revenue Growth -78.75%
  • Profit Growth -77.86%
  • Ebitda 62.56%
  • Net Worth 6.95%
  • Total Assets 12.88%

About Grip Sales

Grip Sales Private Limited (GSPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 March 2004 and has a history of 21 years. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Automotive 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 Cr and a paid-up capital of Rs 6.40 M.

The company currently has active open charges totaling ₹5.00 Cr. The company has closed loans amounting to ₹3.15 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rajdeep Madan and Indraj Madan serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51909MH2004PTC145362

  • Company No.

    145362

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Mar 2004

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Automotive
Company report

Grip Sales Private Limited

Explore comprehensive data for Grip Sales Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Grip Sales?

Board Members (2)

NameDesignationAppointment DateStatus
Rajdeep Madan Country flag representing In Director 26-Mar-2004Current
Indraj Madan Country flag representing In Director 30-Oct-2021Current

Financial Performance of Grip Sales.

Grip Sales Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 78.75% decrease. The company also saw a substantial fall in profitability, with a 77.86% decrease in profit. The company's net worth moved up by a moderate rise of 6.95%.

Grip Sales revenue growth over time
Grip Sales 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
-78.75%
Revenue from Operations
-41.81%
Total Assets
12.88%
Profit or Loss
-77.86%
Net Worth
6.95%
EBITDA
62.56%

What is the Ownership and Shareholding Structure of Grip Sales?

In 2018, Grip Sales had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5.00 Cr

Satisfied Charges

₹3.15 Cr

Charges Breakdown by Lending Institutions

  • Others : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Oct 2024Others₹5.00 CrOpen
30 Jan 2012Citibank N. A.₹2.40 CrSatisfied
01 Nov 2007Federal Bank₹7.50 MSatisfied

How Many Employees Work at Grip Sales?

Unlock and access historical data on people associated with Grip Sales, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Grip Sales Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Grip Sales, 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 Grip Sales'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 Grip Sales

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 5.00 Cr registered on 28 Oct 2024 with Charge ID 101002892 was modified on 30 Oct 2024.

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101002892 was registered on 28 Oct 2024.

  • Annual General Meeting

    Grip Sales Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Grip Sales Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Indraj Kaur Gurbakshish Singh Madan was appointed as a Director was appointed as a Director on 30 Oct 2021 & has been associated with this company since 3 years 5 months .

  • Charges

    A charge registered on 01 Nov 2007 via Charge ID 10079347 with Federal Bank was fully satisfied on 13 Jun 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Grip Sales Private Limited?

    Grip Sales Private Limited was incorporated on 26 Mar 2004.

  • What is authorized share capital and paid-up capital of Grip Sales Private Limited?

    The authorized share capital of Grip Sales Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 6.40 M.

  • Who are the current board members & directors of Grip Sales Private Limited?

    Currently 2 directors are associated with Grip Sales Private Limited.

    • Rajdeep Singh Gurbakshish Singh Madan
    • Indraj Kaur Gurbakshish Singh Madan

  • What is the registered address of Grip Sales Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Grip Sales Private Limited is 12/4 Atur Parksion Trombay Road Chembur India, Mumbai, Maharashtra, 400074.

  • What is the corporate identification number (CIN) and company number of Grip Sales Private Limited?

    The corporate identification number (CIN) of Grip Sales Private Limited is U51909MH2004PTC145362 and the company number is 145362 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Grip Sales Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Grip Sales Private Limited has fallen by -78.75%.

  • What change has been observed in the net worth of Grip Sales Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Grip Sales Private Limited has experienced an upsurge of 6.95%.

  • What are the total open charges for Grip Sales Private Limited?

    As per the financial statements for fiscal Year 2020, The total open charges for Grip Sales Private Limited amount to ₹ 5.00 Cr.

  • When was the last Balance Sheet of Grip Sales Private Limited filed with the ROC?

    The most recent Balance Sheet for Grip Sales Private Limited was filed with the ROC on 31 Mar 2024.

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