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 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.
| CIN | Status |
|---|---|
| U51595MH2010PTC207319 | Current |
| U45202MH2010PTC207319 | Previous |
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 Address2nd Floor Sobo Central Mall Pt. Madan Mohan Malviya Road Haji Ali, Tardeo, Mumbai, Maharashtra, India – 400034
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Gargi Business Ventures 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 Gargi Business Ventures is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 availableGargi Business Ventures Private Limited reported revenue of ₹9.34 Cr (up 649% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 649% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹183.82 Cr | ||
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| Net Profit (PAT) | -₹183.82 Cr | ||
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Financial Ratios
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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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiral Jayprakash Mehta | Director | 30 Mar 2015 | 11 Years 7 Months | As last reported |
| Nikunj Biyani | Director | 04 Jul 2015 | 11 Years 4 Months | As last reported |
| Anil L Biyani Also directs: Future Market Networks Limited, Future Hospitality Private Limited, Future Money Financial Services Limited and 4 more | Director | 20 Sep 2011 | 15 Years 1 Months | As last reported |
| Ajay Dedhia Nemchand | Director | 30 Mar 2015 | 11 Years 7 Months | As 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 Cr | 649.0% | 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 firm | Financial year | Firm registration number |
|---|---|---|
| Modi Roongta & Associates | FY 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 category | FY 2017 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2016 | 100028892 | Others | ₹600 Cr | Satisfied | |
| 08 Apr 2015 | 10560016 | Yes Bank Limited | ₹82 Cr | Satisfied | |
| 08 Apr 2015 | 10562113 | Yes Bank Limited | ₹125 Cr | Satisfied | |
| 28 Jul 2014 | 10514898 | Ecl Finance Limited | ₹35 Cr | Satisfied |
To see the full charge records of Gargi Business Ventures Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Gargi Business Ventures Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
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.
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:
- Hiral Jayprakash Mehta - Director
- Nikunj Biyani - Director
- Anil L Biyani - Director
- Ajay Dedhia Nemchand - Director
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.
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