Gsec Profile
Key Indicators
- Authorised Capital ₹ 15.03 Cr
- Paid Up Capital ₹ 12.55 Cr
- Company Age 59 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- 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 six 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 Transport And Logistics Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. 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 Rajesh Bhansali as Cfo. Shaishav Shah, Sandip Parikh, Maheswar Sahu, 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
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Transport and Logistics
Agriculture
Chemicals and Materials
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.
Gsec Limited
Explore comprehensive data for Gsec Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Gsec?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rakesh Ramanlal  | Managing Director | 08-Mar-2004 | Current |
| Shaishav Shah | Managing Director | 12-Jun-2010 | Current |
| Jay Chavda | Company Secretary | 18-Apr-2024 | Current |
| Rajesh Bhansali | CFO | 01-Oct-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Samir Hanskumar | Whole-Time Director | 01-Apr-2011 | Current |
| Sandip Parikh | Director | 17-Feb-2016 | Current |
| Maheswar Sahu | Director | 06-Aug-2022 | Current |
| Raji Shah | Director | 30-Mar-2018 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
Pashupati Cotspin LimitedSandip Parikh is a mutual person
Gulmohar Greens-Golf And Country Club LimitedRakesh Ramanlal is a mutual person
Gsec Waste Management Solutions Private LimitedRakesh Ramanlal is a mutual person
Fanidhar Mega Food Park Private LimitedJay Chavda is a mutual person
Ambuja Cements LimitedMaheswar Sahu is a mutual person
Smartmeters Technologies Private LimitedShaishav Shah and Rakesh Ramanlal are mutual person
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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2018 | State Bank Of India | ₹49.50 Cr | Open |
| 03 Aug 2015 | Kotak Mahindra Prime Limited | ₹3.00 Cr | Satisfied |
| 03 Jan 2015 | Dcb Bank Limited | ₹45.00 Cr | Satisfied |
| 31 Mar 2013 | Kotak Mahindra Prime Limited | ₹3.14 Cr | Satisfied |
| 30 Aug 2008 | Uco Bank | ₹49.00 Cr | Satisfied |
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.
Deals i
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
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.
Latest Updates, News, and FAQs on Gsec
Recent activity within the organization
- Director Appointment
Rajesh Rasiklal Bhansali was appointed as a Cfo was appointed as a Cfo on 01 Oct 2024 & has been associated with this company since 6 months 13 days .
- Annual General Meeting
Gsec Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- 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 26 days .
- Balance Sheet
Gsec Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Maheswar Sahu was appointed as a Director was appointed as a Director on 06 Aug 2022 & has been associated with this company since 2 years 8 months .
- Charges
A charge registered on 03 Aug 2015 via Charge ID 10584537 with Kotak Mahindra Prime Limited was fully satisfied on 18 Dec 2020.
Recent News, Updates & Announcement
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.
- Shaishav Rakeshkumar Shah
- Sandip Ashwinbhai Parikh
- Maheswar Sahu
- Samir Mankad Hanskumar
- Rakesh Shah Ramanlal
- Raji Shaishav Shah
- Jay Rajendrabhai Chavda
- Rajesh Rasiklal Bhansali
What is the registered address of Gsec Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Gsec Limited is Chambers Building Ashram Road, India, Ahmedabad, Gujarat, 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 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Shailesh PatwariDirectorSJ
Shyamal JoshiDirectorNP
Natwarlal PatelDirectorBP
Bhalabhai PatelDirectorCS
Chinubhai ShahDirectorVS
Vasant ShahDirectorKS
Komal ShahAdditional Director
Similar Companies Based on Chemical Distribution & Retail
Telangana State Civil Supplies Corporation Limited Hyderabad, Telangana, India
Tata International Limited Mumbai, Maharashtra, India
Radha Mohan Purshottam Das Jewels Private Limited Kanpur Dehat, Uttar Pradesh, India
Mmtc Limited Delhi, India
Cofco International India Private Limited Mumbai, Maharashtra, India
Itc Limited Kolkata, West Bengal, India
Reliance Ethane Pipeline Limited Ahmedabad, Gujarat, India
Suumaya Agro Limited Mumbai, Maharashtra, India