About Garg Acrylics Limited
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Garg Acrylics Limited is a public limited company based in Delhi, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 November 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74999DL1983PLC017001. Its GSTIN is 03AAACG3332N1ZU (Punjab). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records.
The company has an authorised share capital of ₹31.2 Cr and a paid-up capital of ₹10.63 Cr. It was formerly known as Garg Industries Limited and Mercury Finance and Leasing Company Limited. It is led by directors including Rajiv Garg (Managing Director) and Sanjiv Garg (Managing Director).
Its last annual general meeting (AGM) was held on 06 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 50/1 Wazirpur Industrial Area, Delhi, India – 110052.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,820.46 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹12.26 Cr (net margin 0.7%) and EBITDA of ₹109.2 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 3,851 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Garg Acrylics. As per MCA filings, the company has open charges of ₹674.04 Cr and satisfied charges of ₹1,705.57 Cr on record. Court records list 56 cases involving the company, including 25 filed by the company and 31 filed against it; 17 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gargltd.com.
Company details
Name history
Garg Acrylics has undergone 3 name changes throughout its history. The company was previously known as Garg Industries Limited, Mercury Finance And Leasing Company Limited, and Mercury Ispat Udyog Limited. The current legal name is Garg Acrylics Limited.
| Company Name | Status |
|---|---|
| Garg Acrylics Limited | Current |
| Garg Industries Limited | Previous |
| Mercury Finance And Leasing Company Limited | Previous |
| Mercury Ispat Udyog Limited | Previous |
CIN history
Garg Acrylics has one previous CIN (Corporate Identification Number): U74999DL1983PLC017001. The current CIN is L74999DL1983PLC017001, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999DL1983PLC017001 | Current |
| U74999DL1983PLC017001 | Previous |
Contact details
Garg Acrylics Limited's registered office is in Delhi, Delhi. Its website is gargltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 50/1 Wazirpur Industrial Area, Delhi, India – 110052
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Garg Acrylics Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Garg Acrylics operates one associated brand: Garg Acrylics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract manufacturing of threads, garments, and fabrics is conducted. | gargltd.com |
Business activity
The main business activity of Garg Acrylics is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Garg Acrylics Limited, buy the company report.
Financials of Garg Acrylics Limited
FY 2026 filings availableGarg Acrylics Limited reported revenue of ₹1,820.46 Cr (up 4% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 4% growth in the latest year. EBITDA fell 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,820.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹109.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Garg Acrylics Limited, buy the company report.
Board of directors of Garg Acrylics Limited
Garg Acrylics has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Garg Also directs: Pushpa Yarns Private Limited, Entrepreneurs' Organization (Punjab) | Managing Director | 28 Sep 1994 | 32 Years 1 Months | Current |
| Ujjwal Garg Also directs: Shubham Yarns Private Limited | Whole-Time Director | 01 Apr 2006 | 20 Years 7 Months | Current |
| Sanjiv Garg | Managing Director | 01 Aug 2010 | 16 Years 3 Months | Current |
| Sanjay Sahni Also directs: DCM Financial Services Limited | Director | 22 Mar 2021 | 5 Years 7 Months | Current |
| Avnish Dhingra | Director | 22 Mar 2021 | 5 Years 7 Months | Current |
| Kavita Rani | Director | 07 May 2026 | 0 Years 6 Months | Current |
Auditor
Garg Acrylics Limited is audited by Malhotra Manik & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Malhotra Manik & Associates | FY 2025 | 015848N |
Shareholding
The shareholding of Garg Acrylics Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garg Acrylics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2026 | 101366378 | Hdfc Bank Limited | ₹85.07 Lakh | Open | |
| 06 Jul 2026 | 101333909 | Hdfc Bank Limited | ₹6 Lakh | Open | |
| 02 Jul 2026 | 101325892 | Hdfc Bank Limited | ₹85.36 Lakh | Open | |
| 17 Mar 2026 | 101264805 | Hdfc Bank Limited | ₹11 Lakh | Open | |
| 20 Feb 2026 | 101245844 | Hdfc Bank Limited | ₹8.1 Cr | Open |
To see the full charge records of Garg Acrylics Limited, buy the company report.
Total charge records: 68 View all charges
Legal cases
Garg Acrylics Limited has 56 court cases on record: 25 filed by Garg Acrylics, 31 filed against it. 17 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 14 | 11 |
| High courts | 20 | 13 | 3 |
| Supreme Court | 6 | 4 | 3 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed against the company by United India Insurance Co. Ltd. Through the Divisional Manager Divisional Office &Ndash; III, Gulmor Hotel Building, Ferozpur Road, Ludhiana ,Ludhiana , Punjab | Pending |
| Supreme Court | Court case (2404-Indirect Taxation : Value Added Tax (VAT), State Sales Tax Act) | Filed by the company against International Tractors Ltd. J S Chahun Jalandhar Road, Hoshiarpur , District: Hoshiarpur ,Hoshiarpur , Punjab and 5 others | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Manohar Filaments Pvt. Ltd. | Disposed |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed by the company against M/S. United India Insurance Co. Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by M/S Icici Bank Limited | Disposed |
To see the full case history of Garg Acrylics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Garg Acrylics Limited was last rated by Brickwork on 28 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 28 Jan 2022 |
To see the full credit ratings and regulatory alerts of Garg Acrylics Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garg Acrylics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Garg Acrylics Limited has a workforce of 3,851 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Garg Acrylics has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACG3332N1ZU | Punjab | Active | 01 Jul 2017 |
| 27AAACG3332N1ZK | Maharashtra | Active | 07 Jul 2018 |
| 06AAACG3332N1ZO | Haryana | Active | 09 Dec 2022 |
To see the full GST registrations and return filing status of Garg Acrylics Limited, buy the company report.
Recent activity
Garg Acrylics Limited has 27 board changes on record since 1994: 17 appointments and 10 cessations. The latest: Kavita Rani was appointed as Director on 07 May 2026.
154 earlier events are in the company report.
Frequently asked questions
Garg Acrylics is an active public limited company based in Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 November 1983 (43+ years old) and is registered under CIN L74999DL1983PLC017001.
Garg Acrylics has 6 current directors:
- Rajiv Garg - Managing Director
- Sanjiv Garg - Managing Director
- Ujjwal Garg - Whole-Time Director
- Sanjay Sahni - Director
- Avnish Dhingra - Director
- Kavita Rani - Director
The latest financial statements of Garg Acrylics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Garg Acrylics is 03AAACG3332N1ZU, registered in Punjab. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACG3332N1ZK (Maharashtra), 06AAACG3332N1ZO (Haryana).
The CIN (Corporate Identification Number) of Garg Acrylics is L74999DL1983PLC017001. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Garg Acrylics is a listed company as per MCA records.
Garg Acrylics has 56 court cases on record: 25 filed by the company and 31 filed against it. 17 are pending. Most are in the district courts.
Garg Acrylics was incorporated on 22 November 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
Kavita Rani was appointed as Director on 07 May 2026. Pardeep Kumar Makkar ceased to be Director on 27 Sep 2024. Arun Sharma ceased to be Director on 22 Mar 2021. Garg Acrylics has 27 board changes on record in total.
Garg Acrylics can be reached through the website gargltd.com. Its registered office is in Delhi, India.
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