Grover Motors Profile
Key Indicators
- Authorised Capital ₹ 2.54 Cr
- Paid Up Capital ₹ 2.04 Cr
- Company Age 15 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 43.04 Cr
- Satisfied Charges ₹ 11.50 Cr
- Revenue Growth 75.01%
- Profit Growth -16.26%
- Ebitda -81.04%
- Net Worth 17.34%
- Total Assets 28.84%
About Grover Motors
Grover Motors Private Limited (GMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 May 2009 and has a history of 15 years and eight months. Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Automotive 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 2.54 Cr and a paid-up capital of Rs 2.04 Cr.
The company currently has active open charges totaling ₹43.04 Cr. The company has closed loans amounting to ₹11.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Avtar Singh, Jaswinder Singh, Kulwant Singh, and One other member serve as directors at the Company.
Company Details
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Location
Ludhiana, Punjab, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U50100PB2009PTC032863
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Company No.
032863
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
28 May 2009
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
What products or services does Grover Motors Private Limited offer?
Grover Motors Private Limited offers a wide range of products and services, including Commercial Vehicles & Three Wheelers, City Bus, Intermediate and Light Commercial Vehicles, Light Vehicles, Passenger Bus, CNG Bus, Trucks, Heavy Duty Truck, Haulage Trucks.
Who are the key members and board of directors at Grover Motors?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Avtar Singh
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Director | 15-Oct-2010 | Current |
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Jaswinder Singh
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Director | 15-Oct-2010 | Current |
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Kulwant Singh
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Director | 28-May-2009 | Current |
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Diljang Singh
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Director | 28-May-2009 | Current |
Financial Performance of Grover Motors.
Grover Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 75.01% increase. The company also saw a substantial fall in profitability, with a 16.26% decrease in profit. The company's net worth Soared by an impressive increase of 17.34%.
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What is the Ownership and Shareholding Structure of Grover Motors?
In 2023, Grover Motors had a promoter holding of 67.16% and a public holding of 32.84%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Grover Automobiles Private LimitedAvtar Singh, Jaswinder Singh and 2 more are mutual person
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Gee Dee Tyres Private LimitedDiljang Singh is a mutual person
Charges (Loans)
₹43.04 Cr
₹11.50 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 30.04 Cr
- Others : 12.25 Cr
- Hinduja Leyland Finance Limited : 0.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2023 | Others | ₹6.25 Cr | Open |
| 10 Oct 2023 | Hdfc Bank Limited | ₹5.50 M | Open |
| 30 Mar 2023 | Hdfc Bank Limited | ₹2.40 M | Open |
| 10 May 2022 | Others | ₹6.00 Cr | Open |
| 29 Oct 2015 | Hinduja Leyland Finance Limited | ₹7.50 M | Open |
How Many Employees Work at Grover Motors?
Grover Motors has a workforce of 185 employees as of Apr 04, 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 Grover Motors, 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 Grover Motors'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.