Gsec Limited

Provides air cargo services and trades in commodities.

1965 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Gsec Profile

Key Indicators

  • Authorised Capital ₹ 15.03 Cr
  • Paid Up Capital ₹ 12.55 Cr
  • Company Age 59 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 49.50 Cr
  • Satisfied Charges ₹ 182.15 Cr
  • Revenue Growth 5.60%
  • Profit Growth -83.86%
  • Ebitda -180.46%
  • Net Worth 5.87%
  • Total Assets 22.29%

About Gsec

Gsec Limited (GL) was founded in India on 14 October 1965 and has a glorious history of 59 years and five months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Gujarat State Export Corpn Ltd. The Company is engaged in the Agriculture 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 15.03 Cr and a paid-up capital of Rs 12.55 Cr.

The company currently has active open charges totaling ₹49.50 Cr. The company has closed loans amounting to ₹182.15 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gsec Limited India are Jay Chavda as COMPANY SECRETARY and Shri Shah as Cfo. Rakesh Ramanlal, Maheswar Sahu, Sandip Parikh, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U52100GJ1965PLC001347

  • Company No.

    001347

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Oct 1965

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Agriculture
Chemicals and Materials
Transport and Logistics

What products or services does Gsec Limited offer?

Gsec Limited offers a wide range of products and services, including Cargo Transportation Services, Air Cargo Service, Sea Cargo Service, EXIM Trade & Licensing Services, Trade Consultation Service, Logistics Service, International Trade Consultants.

Who are the key members and board of directors at Gsec?

Executive Team (4)

NameDesignationAppointment DateStatus
Rakesh Ramanlal Country flag representing In Managing Director08-Mar-2004Current
Shaishav Shah Country flag representing In Managing Director12-Jun-2010Current
Jay Chavda Company Secretary18-Apr-2024Current
Shri Shah Country flag representing In CFO14-May-2021Current

Board Members (4)

NameDesignationAppointment DateStatus
Samir Hanskumar Country flag representing In Whole-Time Director 01-Apr-2011Current
Maheswar Sahu Country flag representing In Director 27-Apr-2018Current
Sandip Parikh Country flag representing In Director 17-Feb-2016Current
Raji Shah Country flag representing In Director 01-Apr-2016Current

Financial Performance of Gsec.

Gsec Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.6% increase. The company also saw a substantial fall in profitability, with a 83.86% decrease in profit. The company's net worth moved up by a moderate rise of 5.87%.

Gsec revenue growth over time
Gsec 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
5.60%
Revenue from Operations
11.82%
Total Assets
22.29%
Profit or Loss
-83.86%
Net Worth
5.87%
EBITDA
-180.46%

What is the Ownership and Shareholding Structure of Gsec?

In 2023, Gsec had a promoter holding of 97.43% and a public holding of 2.56%. The company had 6 Subsidiaries, 1 Joint Venture and 5 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.50 Cr

Satisfied Charges

₹182.15 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 49.50 Cr

Latest Charge Details

DateLenderAmountStatus
30 Apr 2018State Bank Of India₹49.50 CrOpen
03 Aug 2015Kotak Mahindra Prime Limited₹3.00 CrSatisfied
03 Jan 2015Dcb Bank Limited₹45.00 CrSatisfied
31 Mar 2013Kotak Mahindra Prime Limited₹3.14 CrSatisfied
30 Aug 2008Uco Bank₹49.00 CrSatisfied

How Many Employees Work at Gsec?

Gsec has a workforce of 86 employees as of Apr 01, 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 Gsec Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Director Appointment

    Jay Rajendrabhai Chavda was appointed as a Company Secretary was appointed as a Company Secretary on 18 Apr 2024 & has been associated with this company since 11 months 9 days .

  • Annual General Meeting

    Gsec Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

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

  • Charges

    A charge registered on 03 Aug 2015 via Charge ID 10584537 with Kotak Mahindra Prime Limited was fully satisfied on 18 Dec 2020.

  • Charges

    A charge registered on 03 Jan 2015 via Charge ID 10546251 with Dcb Bank Limited was fully satisfied on 07 May 2018.

  • Charges

    A charge with State Bank Of India amounted to Rs. 49.50 Cr with Charge ID 100179410 was registered on 30 Apr 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Gsec Limited?

    Gsec Limited was incorporated on 14 Oct 1965.

  • What is authorized share capital and paid-up capital of Gsec Limited?

    The authorized share capital of Gsec Limited is ₹ 15.03 Cr and paid-up capital is ₹ 12.55 Cr.

  • Who are the current board members & directors of Gsec Limited?

    Currently 8 directors are associated with Gsec Limited.

    • Rakesh Shah Ramanlal
    • Maheswar Sahu
    • Sandip Ashwinbhai Parikh
    • Shaishav Rakeshkumar Shah
    • Jay Rajendrabhai Chavda
    • Shri Dinesh Shah
    • Raji Shaishav Shah
    • Samir Mankad Hanskumar

  • What is the registered address of Gsec Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gsec Limited is Gujarat Chambers Building Ashram Road, Ahmedabad, India, 380009.

  • What is the corporate identification number (CIN) and company number of Gsec Limited?

    The corporate identification number (CIN) of Gsec Limited is U52100GJ1965PLC001347 and the company number is 001347 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Gsec Limited?

    The Official website of Gsec Limited is https://www.gsecl.co.in

  • What has been the recent revenue trend for Gsec Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Gsec Limited has risen by 5.60%.

  • How many employees does Gsec Limited currently have?

    As Per 2023 financial reports, 86 employees are currently employed by Gsec Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Gsec Limited has experienced an upsurge of 5.87%.

  • What are the total open charges for Gsec Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Gsec Limited amount to ₹ 49.50 Cr.

  • When was the last Balance Sheet of Gsec Limited filed with the ROC?

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

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