Gromax Agri Equipment Profile
Key Indicators
- Authorised Capital ₹ 60.00 Cr
- Paid Up Capital ₹ 54.30 Cr
- Company Age 46 Year, 10 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 ten 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
Who are the key members and board of directors at Gromax Agri Equipment?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumeet Maheshwari | Company Secretary | 28-Jan-2016 | Current |
| Ashish Shah | CFO | 21-Jul-2023 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nagarajan Sivaramakrishnan  | Director | 04-Nov-2016 | Current |
| Vikram Wagh | Director | 28-Jun-2023 | Current |
| Nikhilesh Panchal | Director | 03-Feb-2018 | Current |
| Hemant Sikka | Director | 23-Apr-2021 | Current |
| Harishkumar Gupta | Director | 09-May-2020 | Current |
| Ishwarbhai Chaudhari | Director | 28-Jun-2023 | Current |
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%.
- Key Matrics
- Balance Sheet
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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.
Related Corporates (Common Directorship)
Mahindra Telephonics Integrated Systems LimitedHarishkumar Gupta is a mutual person
Madhya Gujarat Vij Company LimitedNisarg Joshi is a mutual person
Gujarat Industrial Investment Corporation LimitedIshwarbhai Chaudhari is a mutual person
Mahindra Insurance Brokers LimitedHemant Sikka is a mutual person
Msl Driveline Systems LimitedNikhilesh Panchal is a mutual person
Stellapps Technologies Private LimitedNagarajan Sivaramakrishnan is a mutual person
Charges (Loans)
₹20.00 Cr
₹26.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Oct 2018 | Axis Bank Limited | ₹20.00 Cr | Open |
| 29 Jun 2018 | State Bank Of India | ₹6.00 Cr | Satisfied |
| 12 Mar 2001 | State Bank Of India | ₹10.00 Cr | Satisfied |
| 06 Jan 2001 | State Bank Of India | ₹10.00 Cr | Satisfied |
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.
Deals i
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
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
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