About
Basic Data Updated:
28 days agoGarg Acrylics Limited, previously known as Mercury Finance and Leasing Company Limited, is primarily engaged in the production of cotton, acrylic, polyester, and blended yarns. Additionally, the company has a strong presence in the manufacturing of knitted hosiery garments. The products of GAL are marketed under the renowned brands Swadesh and Lotus, and are widely distributed in various markets including Asia, Europe, United States, and Africa. With plants located in Ludhiana and Bathinda, Punjab, GAL boasts a total installed capacity of 3,65,000 operational spindles for yarn production. Currently, the company has a daily capacity of 2,15,00 kg. GAL was incorporated in 1983 and its registered office is situated in Delhi.
Industry
Company Details
- Location
North West Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | L74999DL1983PLC017001 |
| Company No. | 017001 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 22 Nov 1983 |
| Date of AGM | 29 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Listed |
| ROC Code | Roc Delhi |
Products or Services related to Garg Acrylics Limited
Dyeing Machinery
Sweater
Polyester Yarn
Natural Fiber Yarns
Financials of Garg Acrylics Limited
Garg Acrylics Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 53.53% increase. The company also saw a substantial improvement in profitability, with a 1264.85% increase in profit. The company's net worth Soared by an impressive increase of 72.25%.
Corporate Structure
Unlock access to Garg Acrylics'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.
People in Garg Acrylics Limited
Unlock and access historical data on people associated with Garg Acrylics, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (4)
SG
Sanjiv Garg
Managing DirectorAppointment Date: 01-Aug-2010
Status: Current
RG
Rajiv Garg Managing DirectorAppointment Date: 28-Sep-1994
Status: Current
RS
Ramandeep Singh CFOAppointment Date: 20-Sep-2016
Status: Current
PR
Priya Rani Company SecretaryAppointment Date: 22-Mar-2021
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 22 Mar 2024 | ₹1.70 M | Open |
Hdfc Bank Limited Creation Date: 22 Jan 2024 | ₹2.49 Cr | Open |
Hdfc Bank Limited Creation Date: 13 Dec 2023 | ₹50.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Garg Acrylics, 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 Garg Acrylics's trajectory.
Rating
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Alert
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Related Corporates (Common Directorship)
29 years 3 months 
Recent activity within the organization
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 cr with Charge ID 100893142 was registered on 22 Mar 2024.
22 Mar 2024Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.49 cr with Charge ID 100855213 was registered on 22 Jan 2024.
22 Jan 2024Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 cr with Charge ID 100837673 was registered on 13 Dec 2023.
13 Dec 2023Charges
A charge registered on 20 Nov 2020 via Charge ID 100418183 with Hdfc Bank Limited was fully satisfied on 07 Dec 2023.
07 Dec 2023Charges
A charge registered on 27 May 2022 via Charge ID 100587843 with The South Indian Bank Limited was fully satisfied on 03 Nov 2023.
03 Nov 2023
Recent News, Updates & Announcement
Garg Acrylics LMW successful partnership.Textile Magazine 26 Feb 2019
Frequently asked questions
What is the Incorporation or founding date of Garg Acrylics Limited?
