Gromax Agri Equipment Limited

Manufactures Trakstar tractors in Vadodara, Gujarat through joint venture with M&M Ltd and Govt. of Gujarat.

1978 | Vadodara, Gujarat (India) | Active
Last Updated:

Gromax Agri Equipment Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 54.30 Cr
  • Company Age 46 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 20.00 Cr
  • Satisfied Charges ₹ 26.00 Cr
  • Revenue Growth 3.34%
  • Profit Growth -108.49%
  • Ebitda -188.79%
  • Net Worth -4.53%
  • Total Assets 9.67%

About Gromax Agri Equipment

Gromax Agri Equipment Limited (GAEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 March 1978 and has a history of 46 years and 11 months. Its registered office is in Vadodara, Gujarat, India.

The Corporate was formerly known as Maiundra Gujarat Tractor Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 60.00 Cr and a paid-up capital of Rs 54.30 Cr.

The company currently has active open charges totaling ₹20.00 Cr. The company has closed loans amounting to ₹26.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gromax Agri Equipment Limited India are Sumeet Maheshwari as COMPANY SECRETARY and Ashish Shah as Cfo. Vikram Wagh, Nikhilesh Panchal, Hemant Sikka, and Five other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34100GJ1978PLC003127

  • Company No.

    003127

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Mar 1978

  • Date of AGM

    21 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment

Who are the key members and board of directors at Gromax Agri Equipment?

Executive Team (2)

NameDesignationAppointment DateStatus
Sumeet Maheshwari Company Secretary28-Jan-2016Current
Ashish Shah CFO21-Jul-2023Current

Board Members (8)

NameDesignationAppointment DateStatus
Nagarajan Sivaramakrishnan Country flag representing In Director 04-Nov-2016Current
Vikram Wagh Country flag representing In Director 28-Jun-2023Current
Nikhilesh Panchal Country flag representing In Director 03-Feb-2018Current
Hemant Sikka Country flag representing In Director 23-Apr-2021Current
Harishkumar Gupta Country flag representing In Director 09-May-2020Current
Ishwarbhai Chaudhari Country flag representing In Director 28-Jun-2023Current

Financial Performance of Gromax Agri Equipment.

Gromax Agri Equipment Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 3.34% increase. The company also saw a substantial fall in profitability, with a 108.49% decrease in profit. The company's net worth dipped by a decrease of 4.53%.

Gromax Agri Equipment revenue growth over time
Gromax Agri Equipment 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
3.34%
Revenue from Operations
3.16%
Total Assets
9.67%
Profit or Loss
-108.49%
Net Worth
-4.53%
EBITDA
-188.79%

What is the Ownership and Shareholding Structure of Gromax Agri Equipment?

In 2023, Gromax Agri Equipment 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

₹20.00 Cr

Satisfied Charges

₹26.00 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 20.00 Cr

Latest Charge Details

DateLenderAmountStatus
25 Oct 2018Axis Bank Limited₹20.00 CrOpen
29 Jun 2018State Bank Of India₹6.00 CrSatisfied
12 Mar 2001State Bank Of India₹10.00 CrSatisfied
06 Jan 2001State Bank Of India₹10.00 CrSatisfied

How Many Employees Work at Gromax Agri Equipment?

Gromax Agri Equipment has a workforce of 294 employees as of Mar 29, 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.

Employee growth trends for Gromax Agri Equipment Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gromax Agri Equipment, 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 Gromax Agri Equipment'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 Gromax Agri Equipment

Recent activity within the organization

  • Annual General Meeting

    Gromax Agri Equipment Limited last Annual general meeting of members was held on 21 Jul 2023 as per latest MCA records.

  • Director Appointment

    Vikram Arvind Wagh was appointed as a Director was appointed as a Director on 28 Jun 2023 & has been associated with this company since 1 year 9 months .

  • Balance Sheet

    Gromax Agri Equipment Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Director Appointment

    Hemant Sikka was appointed as a Director was appointed as a Director on 23 Apr 2021 & has been associated with this company since 3 years 11 months .

  • Charges

    A charge registered on 29 Jun 2018 via Charge ID 100191604 with State Bank Of India was fully satisfied on 19 Feb 2021.

  • Director Appointment

    Harishkumar Prakashchandra Gupta was appointed as a Director was appointed as a Director on 09 May 2020 & has been associated with this company since 4 years 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Gromax Agri Equipment Limited?

    Gromax Agri Equipment Limited was incorporated on 31 Mar 1978.

  • What is authorized share capital and paid-up capital of Gromax Agri Equipment Limited?

    The authorized share capital of Gromax Agri Equipment Limited is ₹ 60.00 Cr and paid-up capital is ₹ 54.30 Cr.

  • Who are the current board members & directors of Gromax Agri Equipment Limited?

    Currently 10 directors are associated with Gromax Agri Equipment Limited.

    • Vikram Arvind Wagh
    • Nikhilesh Natwarlal Panchal
    • Hemant Sikka
    • Nagarajan Sivaramakrishnan
    • Harishkumar Prakashchandra Gupta
    • Ishwarbhai Dahyabhai Chaudhari
    • Nisarg Joshi
    • Meeta Narasimha Karanth
    • Sumeet Suresh Maheshwari
    • Ashish Jashwantlal Shah

  • What is the registered address of Gromax Agri Equipment Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gromax Agri Equipment Limited is Vishwamitrinr Railway Overbridge, Vadodara, Gujarat, India, 390011.

  • What is the corporate identification number (CIN) and company number of Gromax Agri Equipment Limited?

    The corporate identification number (CIN) of Gromax Agri Equipment Limited is U34100GJ1978PLC003127 and the company number is 003127 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Gromax Agri Equipment Limited?

    The Official website of Gromax Agri Equipment Limited is https://www.trakstartractor.com

  • What has been the recent revenue trend for Gromax Agri Equipment Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gromax Agri Equipment Limited has risen by 3.34%.

  • How many employees does Gromax Agri Equipment Limited currently have?

    As Per 2023 financial reports, 294 employees are currently employed by Gromax Agri Equipment Limited.

  • What change has been observed in the net worth of Gromax Agri Equipment Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Gromax Agri Equipment Limited has experienced an downturn of -4.53%.

  • What are the total open charges for Gromax Agri Equipment Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gromax Agri Equipment Limited amount to ₹ 20.00 Cr.

  • When was the last Balance Sheet of Gromax Agri Equipment Limited filed with the ROC?

    The most recent Balance Sheet for Gromax Agri Equipment Limited was filed with the ROC on 31 Mar 2023.

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