Garg Appliances Private Limited
About Garg Appliances Private Limited
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Garg Appliances Private Limited is a private limited company based in Bareilly, Uttar Pradesh, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 07 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U32109UP2001PTC026084. Its GSTIN is 09AABCG7239F1ZK (Uttar Pradesh).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹65 Lakh. It is led by directors Dharam Garg (Managing Director) and Manjula Garg.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Kutchery Road Raebareli, Bareilly, Uttar Pradesh, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.99 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹64.41 Lakh (net margin -32.4%) and EBITDA of -₹2.6 Lakh (EBITDA margin -1.3%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 36% over five years.
As per MCA filings, the company has open charges of ₹6.87 Cr and satisfied charges of ₹13.43 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Garg Appliances Private Limited's registered office is in Bareilly, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKutchery Road Raebareli, Bareilly, Uttar Pradesh, India
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Garg Appliances Private 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
Business activity
The main business activity of Garg Appliances is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Garg Appliances Private Limited, buy the company report.
Financials of Garg Appliances Private Limited
FY 2022 filings availableGarg Appliances Private Limited reported revenue of ₹1.99 Cr (down 44% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 44% fall in the latest year. EBITDA fell 133% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹2.6 Lakh | ||||
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| Net Profit (PAT) | -₹64.41 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -1.3% | ||||
| Net Profit Margin | -32.4% | ||||
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To see the full financial statements and ratios of Garg Appliances Private Limited, buy the company report.
Board of directors of Garg Appliances Private Limited
Garg Appliances has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharam Garg | Managing Director | 07 Jun 2001 | 25 Years 4 Months | Current |
| Manjula Garg | Director | 07 Jun 2001 | 25 Years 4 Months | Current |
Auditor
Garg Appliances Private Limited is audited by ABHIJEET CHAUDHARY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHIJEET CHAUDHARY & CO | FY 2021 | 021181C |
Shareholding
The shareholding of Garg Appliances Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Garg Appliances Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2018 | 100238503 | Indian Bank | ₹6.87 Cr | Satisfied | |
| 05 Oct 2013 | 10456833 | Tata Capital Financial Services Limited | ₹4 Cr | Satisfied | |
| 31 Jul 2006 | 10018702 | Punjab National Bank | ₹1.5 Cr | Satisfied | |
| 20 Oct 2005 | 90281071 | Canara Bank | ₹50 Lakh | Satisfied | |
| 10 Nov 2001 | 90275486 | State Bank of India | ₹28 Lakh | Satisfied |
To see the full charge records of Garg Appliances Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Garg Appliances Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Videocon Industries Ltd | Disposed |
To see the full case history of Garg Appliances Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garg Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garg Appliances has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCG7239F1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garg Appliances Private Limited, buy the company report.
Recent activity
Garg Appliances Private Limited has 2 board changes on record since 2001: 2 appointments. The latest: Dharam Garg was appointed as Managing Director on 07 Jun 2001.
9 earlier events are in the company report.
Frequently asked questions
Garg Appliances is an active private limited company based in Bareilly, Uttar Pradesh, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 07 June 2001 (25+ years old) and is registered under CIN U32109UP2001PTC026084.
Garg Appliances has 2 current directors:
- Dharam Garg - Managing Director
- Manjula Garg - Director
The latest financial statements of Garg Appliances on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Garg Appliances is 09AABCG7239F1ZK, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Garg Appliances is U32109UP2001PTC026084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garg Appliances has 1 court case on record: 1 filed against it.
Garg Appliances was incorporated on 07 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Dharam Garg was appointed as Managing Director on 07 Jun 2001. Manjula Garg was appointed as Director on 07 Jun 2001.
The registered office of Garg Appliances is at Kutchery Road Raebareli, Bareilly, Uttar Pradesh, India.
Garg Appliances operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.