Gargi Business Ventures Private Limited

Gargi Business Ventures Private Limited - home & lifestyle in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U51595MH2010PTC207319 Incorporated 31 August 2010 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Private Limited Company home and lifestyle
Revenue · FY 2017
₹9.34 Cr
▲ 649% YoY
Net loss · FY 2017
₹183.82 Cr
Latest filing
EBITDA · FY 2017
-₹183.82 Cr
Latest filing
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹842 Cr
No open charges
Company age
16 yrs
Est. 2010
Directors on board
4
As per MCA filings

About Gargi Business Ventures Private Limited

Data last updated:

Gargi Business Ventures Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Future Corporate Resources Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 31 August 2010.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51595MH2010PTC207319.

The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Gargi Developers Private Limited. It was led by directors including Hiral Jayprakash Mehta and Nikunj Biyani.

Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Mumbai, Maharashtra.

As per the financials filed for FY 2017, the company reported a revenue of ₹9.34 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹183.82 Cr and EBITDA of -₹183.82 Cr.

As per MCA filings, the company had satisfied charges of ₹842 Cr on record.

The last known website on record is futuregroup.in.

Company details

CIN U51595MH2010PTC207319
Registration Number 207319
Incorporation Date 31 August 2010
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Parent Company Future Corporate Resources Limited

CIN history

Gargi Business Ventures has one previous CIN (Corporate Identification Number): U45202MH2010PTC207319. The current CIN is U51595MH2010PTC207319, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U51595MH2010PTC207319Current
U45202MH2010PTC207319Previous

Contact details

Gargi Business Ventures Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.

  • Email
  • Registered Address
    2nd Floor Sobo Central Mall Pt. Madan Mohan Malviya Road Haji Ali, Tardeo, Mumbai, Maharashtra, India – 400034
  • Industry
    Home & Lifestyle, Textile Retail & Distribution

To see the full contact details of Gargi Business Ventures Private Limited, buy the company report.

Comprehensive company report
Gargi Business Ventures 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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Business activity

The main business activity of Gargi Business Ventures is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Gargi Business Ventures Private Limited, buy the company report.

Financials of Gargi Business Ventures Private Limited

FY 2017 filings available

Gargi Business Ventures Private Limited reported revenue of ₹9.34 Cr (up 649% YoY) for FY 2017.

Revenue · FY 2017
₹9.34 Cr ▲ 649%
Net loss · FY 2017
₹183.82 Cr
EBITDA · FY 2017
-₹183.82 Cr

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 649%

Revenue rose 649% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2016-17FY 2015-16FY 2014-15
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-₹183.82 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹183.82 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 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin
Net Profit Margin
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 Gargi Business Ventures Private Limited, buy the company report.

Board of directors of Gargi Business Ventures Private Limited

Gargi Business Ventures has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Hiral Jayprakash MehtaDirector30 Mar 201511 Years 7 MonthsAs last reported
Nikunj BiyaniDirector04 Jul 201511 Years 4 MonthsAs last reported
Anil L BiyaniDirector20 Sep 201115 Years 1 MonthsAs last reported
Ajay Dedhia NemchandDirector30 Mar 201511 Years 7 MonthsAs last reported

Peer comparison

Gargi Business Ventures Private Limited is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bhagwati Dupatta House Private Limited₹9.35 Cr (FY 2025)4.0%Kanpur, Uttar Pradesh, India
Shruti Overseas Private Limited₹9.35 Cr (FY 2024)-19.0%New Delhi, Delhi, India
Jaikara Prints Private Limited₹9.35 Cr (FY 2025)-28.0%Surat, Gujarat, India
Skay Collections Private Limited₹9.35 Cr (FY 2025)24.0%Raipur, Chhattisgarh, India
Gargi Business Ventures Private Limitedthis company₹9.34 Cr (FY 2017)-₹183.82 Cr649.0%Mumbai, Maharashtra, India
Shanti Multilink Private Limited₹9.34 Cr (FY 2025)5.0%Ahmedabad, Gujarat, India
Shivesh Garments Private Limited₹9.33 Cr (FY 2019)25003.0%Thane, Maharashtra, India
Ginni Textile Private Limited₹9.32 Cr (FY 2025)6.0%Saharanpur, Uttar Pradesh, India
Shree Creations Private Limited₹9.3 Cr (FY 2024)-5.0%Kolkata, West Bengal, India

To see the full peer comparison of Gargi Business Ventures Private Limited, buy the company report.

Auditor

Gargi Business Ventures Private Limited is audited by Modi Roongta & Associates for the financial year 2016.

Auditor firmFinancial yearFirm registration number
Modi Roongta & AssociatesFY 2016

Shareholding

The shareholding of Gargi Business Ventures Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gargi Business Ventures Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹842 Cr
Breakdown by lending institutions
Others₹600.00 Cr
Yes Bank Limited₹207.00 Cr
Ecl Finance Limited₹35.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 May 2016100028892Others₹600 CrSatisfied
08 Apr 201510560016Yes Bank Limited₹82 CrSatisfied
08 Apr 201510562113Yes Bank Limited₹125 CrSatisfied
28 Jul 201410514898Ecl Finance Limited₹35 CrSatisfied

To see the full charge records of Gargi Business Ventures Private Limited, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gargi Business Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Gargi Business Ventures Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Gargi Business Ventures Private Limited has 11 board changes on record since 2010: 4 appointments and 7 cessations. The latest: Ajay Dedhia Nemchand ceased to be Additional Director on 30 Sep 2015.

AGM
Gargi Business Ventures Private Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records.
Charges
A charge registered on 05 May 2016 via Charge ID 100028892 with Others was fully satisfied on 07 Sep 2017.
Filing
Gargi Business Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.
Charges
A charge registered on 28 Jul 2014 via Charge ID 10514898 with Ecl Finance Limited was fully satisfied on 28 Jun 2016.
Charges
A charge registered on 08 Apr 2015 via Charge ID 10560016 with Yes Bank Limited was fully satisfied on 23 Jun 2016.
Charges
A charge registered on 08 Apr 2015 via Charge ID 10562113 with Yes Bank Limited was fully satisfied on 23 Jun 2016.
Charges
A charge with Others amounted to Rs. 60,000.00 Lakh with Charge ID 100028892 was registered on 05 May 2016.
Ceased
Ajay Dedhia Nemchand ceased to be Additional Director.
Ceased
Hiral Jayprakash Mehta ceased to be Additional Director.
Ceased
Nikunj Biyani ceased to be Additional Director.
Appointed
Nikunj Biyani was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 8,200.00 Lakh with Charge ID 10560016 was registered on 08 Apr 2015.

10 earlier events are in the company report.

Frequently asked questions

Gargi Business Ventures has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Gargi Business Ventures was a private limited company based in Mumbai, Maharashtra, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 31 August 2010 and is registered under CIN U51595MH2010PTC207319. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Gargi Business Ventures was incorporated on 31 August 2010. It is registered with the Registrar of Companies, Mumbai.

Gargi Business Ventures had 4 directors:

The CIN (Corporate Identification Number) of Gargi Business Ventures is U51595MH2010PTC207319. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Gargi Business Ventures is at 2nd Floor Sobo Central Mall Pt. Madan Mohan Malviya Road Haji Ali, Tardeo, Mumbai, Maharashtra, India – 400034.

Gargi Business Ventures can be reached through the website futuregroup.in. Its registered office is in Mumbai, Maharashtra, India.

The latest financial statements of Gargi Business Ventures on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.

Gargi Business Ventures operated in the home and lifestyle industry, in the textile retail and distribution segment.

The peers of Gargi Business Ventures by revenue are Bhagwati Dupatta House Private Limited, Shruti Overseas Private Limited, Jaikara Prints Private Limited, Skay Collections Private Limited, Shanti Multilink Private Limited and 3 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).

Ajay Dedhia Nemchand ceased to be Additional Director on 30 Sep 2015. Hiral Jayprakash Mehta ceased to be Additional Director on 30 Sep 2015. Nikunj Biyani ceased to be Additional Director on 30 Sep 2015. Gargi Business Ventures has 11 board changes on record in total.