Grove Business Private Limited

Creates furniture through manufacturing.

2017 | Hyderabad, Telangana (India) | Active
Last Updated:

Grove Business Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 7 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.00 Cr
  • Revenue Growth -16.07%
  • Profit Growth -108.48%
  • Ebitda -50.32%
  • Net Worth -10.74%
  • Total Assets 14.36%

About Grove Business

Grove Business Private Limited (GBPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 August 2017 (Seven years and six months 13 days old ). Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Transport And Logistics 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 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹1.00 Cr.

Nandeep Patel and Tarun Patel 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

    U74999TG2017PTC119030

  • Company No.

    119030

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Transport and Logistics

Who are the key members and board of directors at Grove Business?

Board Members (2)

NameDesignationAppointment DateStatus
Nandeep Patel Country flag representing In Director 22-Aug-2017Current
Tarun Patel Country flag representing In Director 22-Aug-2017Current

Financial Performance of Grove Business.

Grove Business Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.07% decrease. The company also saw a substantial fall in profitability, with a 108.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.74%.

Grove Business revenue growth over time
Grove Business 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
-16.07%
Revenue from Operations
-15.90%
Total Assets
14.36%
Profit or Loss
-108.48%
Net Worth
-10.74%
EBITDA
-50.32%

What is the Ownership and Shareholding Structure of Grove Business?

Unlock access to Grove Business's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Dec 2023State Bank Of India₹1.00 CrOpen

How Many Employees Work at Grove Business?

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

Employee growth trends for Grove Business Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Grove Business, 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 Grove Business'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 Grove Business

Recent activity within the organization

  • Charges

    A charge with State Bank Of India amounted to Rs. 10.00 M with Charge ID 100831245 was registered on 15 Dec 2023.

  • Annual General Meeting

    Grove Business Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Grove Business Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Director Appointment

    Nandeep Patel was appointed as a Director was appointed as a Director on 22 Aug 2017 & has been associated with this company since 7 years 6 months .

  • Director Appointment

    Tarun Patel was appointed as a Director was appointed as a Director on 22 Aug 2017 & has been associated with this company since 7 years 6 months .

  • Company Incorporation

    Grove Business Private Limited was registered on 22 Aug 2017 with Roc Hyderabad & aged 7 years 6 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Grove Business Private Limited?

    Grove Business Private Limited was incorporated on 22 Aug 2017.

  • What is authorized share capital and paid-up capital of Grove Business Private Limited?

    The authorized share capital of Grove Business Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Grove Business Private Limited?

    Currently 2 directors are associated with Grove Business Private Limited.

    • Nandeep Patel
    • Tarun Patel

  • What is the registered address of Grove Business Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Grove Business Private Limited is 1-4-938/6 Bakaram, Musheerabad India, Hyderabad, Telangana, 500020.

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

    The corporate identification number (CIN) of Grove Business Private Limited is U74999TG2017PTC119030 and the company number is 119030 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Grove Business Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Grove Business Private Limited has fallen by -16.07%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Grove Business Private Limited has experienced an downturn of -10.74%.

  • What are the total open charges for Grove Business Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Grove Business Private Limited amount to ₹ 1.00 Cr.

  • When was the last Balance Sheet of Grove Business Private Limited filed with the ROC?

    The most recent Balance Sheet for Grove Business Private Limited was filed with the ROC on 31 Mar 2023.

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