Grip Strapping Technologies Profile
Key Indicators
- Authorised Capital ₹ 9.50 Cr
- Paid Up Capital ₹ 9.27 Cr
- Company Age 19 Year, 5 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 five 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
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)
₹155.88 Cr
₹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.
