MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-OD-03-0000141
Garnet Granites Limited
Garnet Granites Limited - real estate and construction in Balasore, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.75 Cr
▲ 1476% YoY
Net profit · FY 2024
₹1.54 Cr
Net margin 32.5%
EBITDA · FY 2024
₹1.64 Cr
EBITDA margin 34.6%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹78.58 Lakh
Issued & subscribed
Satisfied charges
₹98.18 Lakh
No open charges
Company age
37 yrs
Est. 1989
Directors on board
3
As per MCA filings
About Garnet Granites Limited
Data last updated:
Garnet Granites Limited is a public limited company based in Balasore, Odisha, India, a subsidiary of Annapurna Agro International Pvt. Ltd.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 November 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U01100OR1989PLC002382. Its GSTIN is 21AADCG8299D1ZM (Odisha).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹78.58 Lakh. It is led by directors including Pradeep Kumar Acharya (Managing Director) and Binod Kumar Acharya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Khannagar Seragad, Balasore, Odisha, India – 756001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.54 Cr (net margin 32.5%) and EBITDA of ₹1.64 Cr (EBITDA margin 34.6%).
As per MCA filings, the company has satisfied charges of ₹98.18 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Garnet Granites Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-03-0000141). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Garnet Granites Limited
CIN U01100OR1989PLC002382
Registration Number 002382
Incorporation Date 30 November 1989
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Annapurna Agro International Pvt. Ltd.
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-OD-03-0000141
CIN History of Garnet Granites Limited
Garnet Granites has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U01100OR1989PLC002382, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01100OR1989PLC002382 | Current |
| U14102OR1989PLC002382 | Previous |
| U14102OR1989PTC002382 | Previous |
Key People
Pradeep Kumar Acharya Managing Director Binod Kumar Acharya Director Swagatika Acharya Director Recognitions & Rankings of Garnet Granites
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressKhannagar Seragad, Balasore, Odisha, India – 756001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
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Business Activity of Garnet Granites Limited
The main business activity of Garnet Granites is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Garnet Granites Limited FY 2024 filings available
Garnet Granites Limited reported revenue of ₹4.75 Cr (up 1476% YoY) for FY 2024.
Revenue · FY 2024
₹4.75 Cr ▲ 1476%
Net profit · FY 2024
₹1.54 Cr margin 32.5%
EBITDA · FY 2024
₹1.64 Cr margin 34.6%
Financial Statement Summary of Garnet Granites Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹1.64 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.54 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 of Garnet Granites Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 32.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Garnet Granites are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Garnet Granites Limited
Garnet Granites has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Binod Kumar Acharya | Director | 14 Dec 2018 | 7 Years 10 Months | Current |
| Swagatika Acharya Also directs: Annapurna Agro International Private Limited, Wizard Dealtrade Private Limited, Ama Agricultural Trading Private Limited and 1 more | Director | 18 Sep 2018 | 8 Years 1 Months | Current |
| Pradeep Kumar Acharya | Managing Director | 18 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Garnet Granites Limited
Garnet Granites Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omega Stones Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Madanganj Kishangarh, Rajasthan, India |
| Jangid Marmo and Granites Private Limited | ₹4.78 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Rajsamand, Rajasthan, India |
| Todwal Marbles Private Limited | ₹4.77 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ajmer, Rajasthan, India |
| Glastone Mosaic Private Limited | ₹4.77 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Chetak Floorings Private Limited | ₹4.75 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Chittorgarh, Rajasthan, India |
| Garnet Granites Limited this company | ₹4.75 Cr (FY 2024) | •••• | •••• | 1476.0% | •••• | Balasore, Odisha, India |
| Orken Ceramic Private Limited | ₹4.74 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Morbi, Gujarat, India |
| Helifix (India) Private Limited | ₹4.7 Cr (FY 2024) | •••• | •••• | 317.0% | •••• | Vadodara, Gujarat, India |
| Shree Nakoda Tiles Private Limited | ₹4.69 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | Udaipur, Rajasthan, India |
| Orient Granites and Marbles Pvt Ltd | ₹4.69 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Secunderabad, Telangana, India |
| Appex Interlock Tiles Private Limited | ₹4.67 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Athani, Kerala, India |
Peers are the five companies nearest above and the five nearest below Garnet Granites by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Garnet Granites Limited
Garnet Granites Limited is audited by RABINDRANATHRAY for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RABINDRANATHRAY | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Garnet Granites Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Garnet Granites Limited
Open charges
None
Satisfied charges
₹98.18 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 1999 | Orissa State Financial Corporation | ₹98.18 Lakh | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Garnet Granites Limited
Garnet Granites Limited has 1 court case on record: 1 filed by Garnet Granites. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against State of Odisha and 3 others | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Garnet Granites Limited
Employment history and EPFO contributions of people linked to Garnet Granites.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Garnet Granites Limited
Garnet Granites Limited has 16 board changes on record since 2010: 3 appointments and 13 cessations. The latest: Rajendra Kumar Bhutra ceased to be Director Appointed In Casual Vacancy on 15 Dec 2018.
AGM
Garnet Granites Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Garnet Granites Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Ceased
Rajendra Kumar Bhutra ceased to be Director Appointed In Casual Vacancy.
Ceased
Sumit Sultania ceased to be Director.
Appointed
Binod Kumar Acharya was appointed as Director.
Ceased
Pradeep Kumar Acharya ceased to be Director Appointed In Casual Vacancy.
Ceased
Swagatika Acharya ceased to be Additional Director.
Appointed
Pradeep Kumar Acharya was appointed as Managing Director.
Appointed
Swagatika Acharya was appointed as Director.
Ceased
Sisir Kumar Ghosh ceased to be Additional Director.
Ceased
Sushil Kumar Agarwala ceased to be Director Appointed In Casual Vacancy.
Ceased
Navneet Kumar Singhania ceased to be Director Appointed In Casual Vacancy.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Garnet Granites Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Garnet Granites Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Garnet Granites Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Garnet Granites Limited
Garnet Granites has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCG8299D1ZM | Odisha | Active | 05 Apr 2019 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Garnet Granites Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Garnet Granites Limited
Garnet Granites is an active public limited company based in Balasore, Odisha, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 30 November 1989 (37+ years old) and is registered under CIN U01100OR1989PLC002382.
Garnet Granites reported revenue of ₹4.75 Cr for FY 2024 (up 1476% YoY).
Garnet Granites has 3 current directors:
- Pradeep Kumar Acharya - Managing Director
- Binod Kumar Acharya - Director
- Swagatika Acharya - Director
Garnet Granites reported a net profit of ₹1.54 Cr (net margin 32.5%) and EBITDA of ₹1.64 Cr (EBITDA margin 34.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Garnet Granites is 21AADCG8299D1ZM, registered in Odisha.
The CIN (Corporate Identification Number) of Garnet Granites is U01100OR1989PLC002382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garnet Granites has 1 court case on record: 1 filed by the company.
Garnet Granites was incorporated on 30 November 1989, making it 37+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Garnet Granites by revenue are Omega Stones Private Limited, Jangid Marmo and Granites Private Limited, Todwal Marbles Private Limited, Glastone Mosaic Private Limited, Chetak Floorings Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).
Rajendra Kumar Bhutra ceased to be Director Appointed In Casual Vacancy on 15 Dec 2018. Sumit Sultania ceased to be Director on 15 Dec 2018. Binod Kumar Acharya was appointed as Director on 14 Dec 2018. Garnet Granites has 16 board changes on record in total.
Yes, Garnet Granites is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-03-0000141).