Grip Strapping Technologies Profile
Key Indicators
- Authorised Capital ₹ 9.50 Cr
- Paid Up Capital ₹ 9.27 Cr
- Company Age 19 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 155.88 Cr
- Satisfied Charges ₹ 1.55 M
- Revenue Growth 48.62%
- Profit Growth 19.58%
- Ebitda 16.38%
- Net Worth 9.33%
- Total Assets 26.70%
About Grip Strapping Technologies
Grip Strapping Technologies Private Limited (GSTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 August 2005 and has a history of 19 years and six months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Machinery And Equipment 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 9.50 Cr and a paid-up capital of Rs 9.27 Cr.
The company currently has active open charges totaling ₹155.88 Cr. The company has closed loans amounting to ₹1.55 M, as per Ministry of Corporate Affairs (MCA) records.
Hemant Lajpal, Ananthapadmanaban Narasimman, and Muthu Mani serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27109TG2005PTC047278
- Company No.
047278
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Aug 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Machinery and Equipment
What products or services does Grip Strapping Technologies Private Limited offer?
Grip Strapping Technologies Private Limited offers a wide range of products and services, including Strapping & Sealing Machines, Strapping Tools, Crates, Trays and Pallets, Packaging Boards, Packing Straps, Clips & Supplies, Box Straps, Strapping Tensioner, Pneumatic Strapping Tools, Electronic Connectors, Heavy Duty Industrial Connector.
Who are the key members and board of directors at Grip Strapping Technologies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ananthapadmanaban Narasimman  | Managing Director | 29-Aug-2005 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Muthu Mani | Director | 29-Aug-2005 | Current |
| Hemant Lajpal | Director | 29-Aug-2005 | Current |
Financial Performance of Grip Strapping Technologies.
Grip Strapping Technologies Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 48.62% increase. The company also saw a substantial improvement in profitability, with a 19.58% increase in profit. The company's net worth moved up by a moderate rise of 9.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Grip Strapping Technologies?
In 2023, Grip Strapping Technologies had a promoter holding of 81.15% and a public holding of 18.85%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Techmech Cranes India Private LimitedHemant Lajpal and Muthu Mani are mutual person
Chennai Mettex Lab Private LimitedMuthu Mani is a mutual person
Grip Engineers Private LimitedHemant Lajpal and Muthu Mani are mutual person
- Mahalakshmi Industrial Services Private Limited
Ananthapadmanaban Narasimman is a mutual person
Charges (Loans)
Open Charges
₹155.88 Cr
Satisfied Charges
₹0.16 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 153.73 Cr
- Sidbi : 1.91 Cr
- Others : 0.24 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2024 | Canara Bank | ₹5.00 M | Open |
| 28 Mar 2024 | Sidbi | ₹1.91 Cr | Open |
| 07 Mar 2022 | Others | ₹2.45 M | Open |
| 05 Mar 2006 | Canara Bank | ₹153.23 Cr | Open |
| 26 Sep 2017 | Canara Bank | ₹1.55 M | Satisfied |
How Many Employees Work at Grip Strapping Technologies?
Grip Strapping Technologies has a workforce of 545 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Grip Strapping 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 Grip Strapping 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 Grip Strapping Technologies
Recent activity within the organization
- Annual General Meeting
Grip Strapping Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 26 Sep 2017 via Charge ID 100134002 with Canara Bank was fully satisfied on 27 Aug 2024.
- Charges
A charge with Canara Bank amounted to Rs. 0.50 Cr with Charge ID 100908022 was registered on 08 Apr 2024.
- Balance Sheet
Grip Strapping Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Sidbi amounted to Rs. 1.91 Cr with Charge ID 100898528 was registered on 28 Mar 2024.
- Charges
A charge with Canara Bank of Rs. 153.23 Cr registered on 05 Mar 2006 with Charge ID 10002949 was modified on 24 Jan 2024.
Frequently asked questions
What is the Incorporation or founding date of Grip Strapping Technologies Private Limited?
Grip Strapping Technologies Private Limited was incorporated on 29 Aug 2005.
What is authorized share capital and paid-up capital of Grip Strapping Technologies Private Limited?
The authorized share capital of Grip Strapping Technologies Private Limited is ₹ 9.50 Cr and paid-up capital is ₹ 9.27 Cr.
Who are the current board members & directors of Grip Strapping Technologies Private Limited?
Currently 3 directors are associated with Grip Strapping Technologies Private Limited.
- Hemant Lajpal
- Ananthapadmanaban Narasimman
- Muthu Mani
What is the registered address of Grip Strapping Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Grip Strapping Technologies Private Limited is Sy No.380 382 And 384 Nuthankal Village, India, Medchal, Telangana, 501401.
What is the corporate identification number (CIN) and company number of Grip Strapping Technologies Private Limited?
The corporate identification number (CIN) of Grip Strapping Technologies Private Limited is U27109TG2005PTC047278 and the company number is 047278 as per Ministry of Corporate Affairs (MCA).
What is the official website of Grip Strapping Technologies Private Limited?
The Official website of Grip Strapping Technologies Private Limited is https://www.gripstrappingtech.com
What has been the recent revenue trend for Grip Strapping Technologies Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Grip Strapping Technologies Private Limited has risen by 48.62%.
How many employees does Grip Strapping Technologies Private Limited currently have?
As Per 2022 financial reports, 545 employees are currently employed by Grip Strapping Technologies Private Limited.
What change has been observed in the net worth of Grip Strapping Technologies Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Grip Strapping Technologies Private Limited has experienced an upsurge of 9.33%.
What are the total open charges for Grip Strapping Technologies Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Grip Strapping Technologies Private Limited amount to ₹ 155.88 Cr.
When was the last Balance Sheet of Grip Strapping Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Grip Strapping Technologies Private Limited was filed with the ROC on 31 Mar 2024.
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