Garg Associates Private Limited

Garg Associates Private Limited - manufacturing in Ghaziabad, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U31909UP1963PTC002960 Incorporated 25 September 1963 ROC Kanpur HQ Ghaziabad, Uttar Pradesh, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2024
₹88.64 Cr
▲ 111% YoY
Net profit · FY 2024
₹23.47 Cr
Net margin 26.5%
EBITDA · FY 2024
₹33.21 Cr
EBITDA margin 37.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.1 Lakh
Issued & subscribed
Open charges
₹31.5 Cr
Satisfied ₹1.5 Cr
Company age
63 yrs
Est. 1963
Employees · EPFO
171
Provident fund records

About Garg Associates Private Limited

Data last updated:

Garg Associates Private Limited is a private limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 25 September 1963 and has been in existence for over 63 years.

The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U31909UP1963PTC002960. Its GSTIN is 09AAACG8772G1ZB (Uttar Pradesh).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.1 Lakh. It is led by directors including Rahul Singh (Whole-Time Director) and Brij Bhushan Garg.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D – 6 Meerut Road Industrial Area No – 3, Ghaziabad, Uttar Pradesh, India – 201003.

As per the financials filed for FY 2024, the company reported a revenue of ₹88.64 Cr, a growth of 111% compared to the previous year. For the same year it recorded a net profit of ₹23.47 Cr (net margin 26.5%) and EBITDA of ₹33.21 Cr (EBITDA margin 37.5%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 42% over five years.

The company has about 171 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Garg Associates. As per MCA filings, the company has open charges of ₹31.5 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 1 case is pending.

Garg Associates Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-29-0003921). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gargasso.com.

Company details

CIN U31909UP1963PTC002960
Registration Number 002960
Incorporation Date 25 September 1963
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-29-0003921
Key People
Rahul Singh Whole-Time Director Brij Bhushan Garg Director Praneet Kumar Director

Recognitions & Rankings of Garg Associates

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-UP-29-0003921

Contact details

Garg Associates Private Limited's registered office is in Ghaziabad, Uttar Pradesh. Its website is gargasso.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gargasso.com
  • Social Media
  • Registered Address
    D – 6 Meerut Road Industrial Area No – 3, Ghaziabad, Uttar Pradesh, India – 201003
  • Industry
    Manufacturing, Cable & Wire

To see the full contact details of Garg Associates Private Limited, buy the company report.

Comprehensive company report
Garg Associates Private Limited - one report that includes everything
  • 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
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Brands

Garg Associates operates one associated brand: Garg Associates. Each brand links to its own profile.

BrandDescriptionWebsite
Garg Associates
Manufacturer of equipment wires, heating cables, and other productsgargasso.com

Business activity

The main business activity of Garg Associates is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Garg Associates Private Limited, buy the company report.

Financials of Garg Associates Private Limited

FY 2025 filings available

Garg Associates Private Limited reported revenue of ₹88.64 Cr (up 111% YoY) for FY 2024.

Revenue · FY 2024
₹88.64 Cr ▲ 111%
Net profit · FY 2024
₹23.47 Cr margin 26.5%
EBITDA · FY 2024
₹33.21 Cr margin 37.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 111%
3 years · compounded
▲ 62%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▲ 182%
3 years · compounded
▲ 101%
5 years · compounded
▲ 49%

Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 111% growth in the latest year. EBITDA rose 182% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹33.21 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹23.47 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
Total Assets

Financial Ratios

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin37.5%
Net Profit Margin26.5%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
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 Associates Private Limited, buy the company report.

Board of directors of Garg Associates Private Limited

Garg Associates has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Brij Bhushan GargDirector13 May 201214 Years 5 MonthsCurrent
Praneet Kumar
Also directs: Veer-O-Metals Private Limited, Shree Hari Precision Products Private Limited
Director11 Feb 20179 Years 8 MonthsCurrent
Vandana JyotiDirector11 Feb 20179 Years 8 MonthsCurrent
Rahul Singh
Also directs: Jigserv Digital Private Limited, Navyug Infosolutions Private Limited, Dhruv Energy Private Limited and 2 more
Whole-Time Director14 Oct 200719 Years 0 MonthsCurrent
Richa SinghDirector01 Mar 20233 Years 8 MonthsCurrent
Rohit SinghDirector01 Mar 20233 Years 8 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Garg Associates Private Limited is audited by P.JAIN & COMPANY CHARTERED ACCOUNTANTS for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P.JAIN & COMPANY CHARTERED ACCOUNTANTSFY 2023000711C

Shareholding

The shareholding of Garg Associates Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Garg Associates Private Limited, buy the company report.

Charges & borrowings

Open charges
₹31.5 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Others₹26.50 Cr
Axis Bank Limited₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Feb 2024100881528Others₹26.5 CrOpen
13 Jan 2020100319211Axis Bank Limited₹5 CrOpen
07 Nov 2016100063228Indian Bank₹1.5 CrSatisfied

To see the full charge records of Garg Associates Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Garg Associates Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 23 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 12)

SupplierAmount dueDue sinceReported on
Sukriti Vidyut Udyog Private Limited
Control Print Limited
an individual supplier
Eltech Engineers Private Limited
an individual supplier

To see the full MSME payment records of Garg Associates Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Garg Associates Private Limited has a workforce of 171 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
171
Active EPFO establishments
1
Employee growth
42.5%

GST

Garg Associates has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
09AAACG8772G1ZBUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Garg Associates Private Limited, buy the company report.

Recent activity

Garg Associates Private Limited has 18 board changes on record since 2007: 7 appointments and 11 cessations. The latest: Richa Singh ceased to be Additional Director on 29 Sep 2023.

AGM
Garg Associates Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 2,650.00 Lakh registered on 17 Feb 2024 with Charge ID 100881528 was modified on 28 Aug 2025.
Filing
Garg Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur.
Charges
A charge with Others amounted to Rs. 2,650.00 Lakh with Charge ID 100881528 was registered on 17 Feb 2024.
Ceased
Richa Singh ceased to be Additional Director.
Ceased
Rohit Singh ceased to be Additional Director.
Appointed
Richa Singh was appointed as Director.
Appointed
Rohit Singh was appointed as Director.
Charges
A charge registered on 07 Nov 2016 via Charge ID 100063228 with Indian Bank was fully satisfied on 15 Sep 2022.
Charges
A charge with Axis Bank Limited of Rs. 500.00 Lakh registered on 13 Jan 2020 with Charge ID 100319211 was modified on 13 Nov 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100319211 was registered on 13 Jan 2020.
Charges
A charge with Indian Bank of Rs. 150.00 Lakh registered on 07 Nov 2016 with Charge ID 100063228 was modified on 04 Dec 2018.

16 earlier events are in the company report.

Frequently asked questions

Garg Associates is an active private limited company based in Ghaziabad, Uttar Pradesh, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 25 September 1963 (63+ years old) and is registered under CIN U31909UP1963PTC002960.

Garg Associates has 7 current directors:

The latest financial statements of Garg Associates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Garg Associates is 09AAACG8772G1ZB, registered in Uttar Pradesh.

The CIN (Corporate Identification Number) of Garg Associates is U31909UP1963PTC002960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Garg Associates has 13 court cases on record: 11 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.

Garg Associates was incorporated on 25 September 1963, making it 63+ years old. It is registered with the Registrar of Companies, Kanpur.

Richa Singh ceased to be Additional Director on 29 Sep 2023. Rohit Singh ceased to be Additional Director on 29 Sep 2023. Richa Singh was appointed as Director on 01 Mar 2023. Garg Associates has 18 board changes on record in total.

Yes, Garg Associates is registered as a small enterprise under Udyam registration (number: UDYAM-UP-29-0003921).

Garg Associates has 5 MSME Form 1 returns on record between 2019 and 2021, listing 23 overdue payments to 12 micro and small suppliers. The latest return was filed on 29 Oct 2021.

Garg Associates can be reached through the website gargasso.com. Its registered office is in Ghaziabad, Uttar Pradesh, India.