About Garnet International Limited
Data last updated: 14 July 2026
Garnet International Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 09 October 1995, the company has been in operation for over 31 years.
Registered with ROC Mumbai under CIN L74110MH1995PLC093448. Listed on BSE: 512493.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹19.64 Cr. It is led by directors including Ramakant Gaggar and Suresh Gaggar.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 901 Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per BSE-filed consolidated financials for FY 2024, the company reported a revenue of ₹20.1 Cr, a decline of 66.12% compared to the previous year. The net worth stands at ₹27.39 Cr (down 24.16% YoY). Total assets are valued at ₹33.97 Cr (down 47.57% YoY).
The company has a workforce of approximately 5 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Garnet International.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garnetint.com.
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EmailLocked
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Website
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Social Media
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Registered Address901 Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
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IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Garnet International Limited
Garnet International Limited has one previous CIN (Corporate Identification Number): L99999MH1995PLC093448. The current CIN is L74110MH1995PLC093448, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110MH1995PLC093448 | Current |
| L99999MH1995PLC093448 | Previous |
Associated Brands with Garnet International Limited
Garnet International Limited operates one associated brand: Garnet International. These brands represent Garnet International Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Small and mid-cap firms are targeted for private equity investments. | garnetint.com |
Business Activity of Garnet International Limited
Garnet International Limited operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records for Garnet International Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
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Auditor Details of Garnet International Limited
Garnet International Limited is audited by MVK Associates for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MVK Associates | Locked | Locked | Locked |
Complete auditor history for Garnet International Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Garnet International Limited
Garnet International Limited is currently managed by 6 directors, with 13 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Ramakant Gaggar
Also directs:
Minex Explore Private Limited, Alaukik Mines & Power Private Limited, Gvs Chemical Private Limited and 5 more
|
Managing Director | 24 Sep 2007 | 18 Years 10 Months | Current |
|
Suresh Gaggar
Also directs:
Minex Explore Private Limited, Alaukik Mines & Power Private Limited, Gvs Chemical Private Limited and 2 more
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Director | 04 Mar 1996 | 30 Years 5 Months | Current |
|
Navratan Gaggar
Also directs:
Sukartik Clothing Private Limited, Vatsal Vastraa Private Limited
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Director | 12 Oct 2021 | 4 Years 10 Months | Current |
| Vishnu Kanth Bhangadia | Director | 29 May 2019 | 7 Years 2 Months | Current |
| Sandhya Lotlikar | Director | 11 Jan 2019 | 7 Years 7 Months | Current |
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Suresh Kumar Gaur
Also directs:
Whitewall India Private Limited
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Director | 18 Mar 2024 | 2 Years 5 Months | Current |
Financials of Garnet International Limited FY 2024 filings available
Garnet International Limited reported revenue of ₹20.1 Cr (down 66.12% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹20.1 Cr | ₹59.33 Cr | ₹43.74 Cr | ₹17.78 Cr | ₹17.53 Cr |
| Interest Earned | ₹58.41 Lakh | ₹40.65 Lakh | ₹33.74 Lakh | ₹35.43 Lakh | ₹25.51 Lakh |
| Other Income | ₹22.71 Lakh | ₹0 | ₹10.3 Lakh | ₹0 | ₹77,800 |
| Total Income | ₹20.33 Cr | ₹59.33 Cr | ₹43.84 Cr | ₹17.78 Cr | ₹17.53 Cr |
| Cost of Materials Consumed | -₹4.12 Cr | ₹14.44 Cr | ₹15.07 Cr | ₹5.55 Cr | ₹5.39 Cr |
| Purchases of Stock-in-Trade | ₹18.12 Cr | ₹17.15 Cr | ₹10.18 Cr | ₹1.9 Cr | ₹2.41 Cr |
| Changes in Inventories | ₹19.8 Lakh | -₹3.85 Lakh | -₹78.48 Lakh | -₹12.07 Lakh | -₹88.52 Lakh |
| Employee Benefit Expense | ₹43.2 Lakh | ₹7.5 Cr | ₹6.15 Cr | ₹74.29 Lakh | ₹92.04 Lakh |
| Finance Costs | ₹94,300 | ₹1.18 Cr | ₹32.97 Lakh | ₹23.7 Lakh | ₹16.21 Lakh |
| Depreciation & Amortisation | ₹0 | ₹94.26 Lakh | ₹80.92 Lakh | ₹82.17 Lakh | ₹81.89 Lakh |
| Other Expenses | ₹3.23 Cr | ₹14.34 Cr | ₹11.13 Cr | ₹8.73 Cr | ₹9.12 Cr |
| Total Expenses | ₹21.67 Cr | ₹55.51 Cr | ₹44.71 Cr | ₹20.16 Cr | ₹28.51 Cr |
| Profit Before Exceptional Items & Tax | -₹1.34 Cr | ₹3.82 Cr | -₹86.28 Lakh | -₹2.38 Cr | -₹10.97 Cr |
| Exceptional Items | -₹5.44 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹6.78 Cr | ₹3.82 Cr | -₹86.28 Lakh | -₹2.38 Cr | -₹10.97 Cr |
| Total Tax Expense | ₹2.53 Lakh | ₹55.38 Lakh | ₹38.63 Lakh | ₹1.17 Cr | -₹35.14 Lakh |
| Net Profit | -₹5.98 Cr | ₹3.26 Cr | -₹1.25 Cr | -₹3.55 Cr | -₹10.62 Cr |
| attributable to Owners | -₹5.99 Cr | ₹2.84 Cr | -₹1.72 Cr | -₹3.73 Cr | -₹10.99 Cr |
| attributable to NCI | ₹95,000 | ₹42.04 Lakh | ₹47.34 Lakh | ₹17.9 Lakh | ₹36.47 Lakh |
| Other Comprehensive Income | ₹79,900 | ₹62,000 | ₹71,000 | ₹93,300 | ₹200 |
| Total Comprehensive Income | -₹5.98 Cr | ₹3.27 Cr | -₹1.24 Cr | -₹3.54 Cr | -₹10.62 Cr |
| EBITDA (computed) | -₹1.33 Cr | ₹5.93 Cr | ₹27.61 Lakh | -₹1.32 Cr | -₹9.99 Cr |
| Basic EPS | ₹-3.05 | ₹1.66 | ₹-0.64 | ₹-1.81 | ₹-5.41 |
| Diluted EPS | ₹-3.05 | ₹1.66 | ₹-0.64 | ₹-1.81 | ₹-5.41 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Assets | ₹33.97 Cr | ₹64.79 Cr | ₹52.98 Cr | ₹49.17 Cr | ₹48.18 Cr |
| Property, Plant & Equipment | ₹78,100 | ₹10.2 Cr | ₹8.47 Cr | ₹9.11 Cr | ₹10.65 Cr |
| Inventories | ₹92.32 Lakh | ₹9.01 Cr | ₹8.62 Cr | ₹7.48 Cr | ₹6.27 Cr |
| Cash & Equivalents | ₹21.51 Lakh | ₹38.5 Lakh | ₹12.2 Lakh | ₹8.44 Lakh | ₹46.26 Lakh |
| Equity (Net Worth) | ₹27.39 Cr | ₹36.11 Cr | ₹32.85 Cr | ₹34.08 Cr | ₹37.62 Cr |
| Equity Share Capital | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr |
| Total Liabilities | ₹6.58 Cr | ₹28.68 Cr | ₹20.13 Cr | ₹15.09 Cr | ₹10.57 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹5.86 Cr | -₹62.29 Lakh | -₹3.65 Cr |
| Investing Cash Flow | ₹10.88 Cr | -₹8.48 Cr | ₹16.93 Lakh |
| Financing Cash Flow | -₹16.67 Cr | ₹9.36 Cr | ₹3.51 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹34.78 Lakh |
| Free Cash Flow (computed) | ₹5.86 Cr | -₹62.29 Lakh | -₹3.99 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹7.16 Lakh | ₹26.3 Lakh | ₹3.76 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹2.85 Cr | ₹1.46 Cr | ₹2.49 Cr |
| Interest Earned | ₹3,800 | ₹8,200 | ₹2,300 |
| Other Income | ₹28,600 | ₹0 | ₹15 Lakh |
| Total Income | ₹2.86 Cr | ₹1.46 Cr | ₹2.64 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹2.49 Cr | ₹1.09 Cr | ₹0 |
| Changes in Inventories | -₹32.92 Lakh | -₹7.53 Lakh | ₹0 |
| Employee Benefit Expense | ₹16 Lakh | ₹12.1 Lakh | ₹0 |
| Finance Costs | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹49.15 Lakh | ₹42.69 Lakh | ₹2.58 Cr |
| Total Expenses | ₹2.81 Cr | ₹1.57 Cr | ₹2.58 Cr |
| Profit Before Exceptional Items & Tax | ₹4.89 Lakh | -₹10.65 Lakh | ₹5.91 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹4.89 Lakh | -₹10.65 Lakh | ₹5.91 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹18.58 Lakh | ₹56.45 Lakh | ₹77.07 Lakh |
| attributable to Owners | -₹18.98 Lakh | ₹56.04 Lakh | ₹76.82 Lakh |
| attributable to NCI | ₹40,800 | ₹41,000 | ₹24,800 |
| Other Comprehensive Income | ₹10,200 | ₹5,500 | ₹600 |
| Total Comprehensive Income | -₹18.47 Lakh | ₹56.51 Lakh | ₹77.08 Lakh |
| EBITDA (computed) | ₹4.89 Lakh | -₹10.65 Lakh | ₹5.91 Lakh |
| Basic EPS | ₹-0.09 | ₹0.29 | ₹0.39 |
| Diluted EPS | ₹-0.09 | ₹0.29 | ₹0.39 |
| Segment · Q3 FY25 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| SHARES AND SECURITIES | ₹1.48 Cr | ₹2.74 Lakh | ₹30 Cr | ₹30 Cr |
| TRADING | ₹1.38 Cr | ₹2.15 Lakh | ₹4.99 Cr | ₹4.99 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| SHARES AND SECURITIES | ₹19.66 Cr | -₹1.41 Cr | - | - |
| TRADING | ₹66.6 Lakh | ₹6.76 Lakh | - | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹19.65 Cr | ₹21.62 Cr | ₹10.29 Cr | ₹1.29 Cr | ₹2.34 Cr |
| Interest Earned | ₹58.41 Lakh | ₹35.65 Lakh | ₹31.12 Lakh | ₹34.35 Lakh | ₹25.51 Lakh |
| Other Income | ₹1.64 Lakh | ₹0 | ₹10.3 Lakh | ₹0 | ₹0 |
| Total Income | ₹19.66 Cr | ₹21.62 Cr | ₹10.39 Cr | ₹1.29 Cr | ₹2.34 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹14.6 Cr | ₹17.09 Cr | ₹10.17 Cr | ₹93.53 Lakh | ₹94.43 Lakh |
| Changes in Inventories | ₹7.47 Lakh | ₹10.54 Lakh | ₹40.13 Lakh | -₹34.42 Lakh | ₹1.62 Cr |
| Employee Benefit Expense | ₹33.94 Lakh | ₹31.45 Lakh | ₹34.25 Lakh | ₹32.65 Lakh | ₹44.27 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹95,500 | ₹1.53 Lakh |
| Depreciation & Amortisation | ₹0 | ₹30,000 | ₹44,000 | ₹1.01 Lakh | ₹1.25 Lakh |
| Other Expenses | ₹2.26 Cr | ₹2.25 Cr | ₹49 Lakh | ₹92.62 Lakh | ₹93.02 Lakh |
| Total Expenses | ₹21.07 Cr | ₹19.76 Cr | ₹13.22 Cr | ₹4.17 Cr | ₹14.53 Cr |
| Profit Before Exceptional Items & Tax | -₹1.41 Cr | ₹1.86 Cr | -₹2.83 Cr | -₹2.87 Cr | -₹12.19 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.41 Cr | ₹1.86 Cr | -₹2.83 Cr | -₹2.87 Cr | -₹12.19 Cr |
| Total Tax Expense | ₹77,500 | -₹4,000 | ₹39,000 | ₹1.27 Cr | -₹63.02 Lakh |
| Net Profit | -₹1.41 Cr | ₹1.86 Cr | -₹2.83 Cr | -₹4.15 Cr | -₹11.56 Cr |
| Other Comprehensive Income | ₹79,900 | ₹62,000 | ₹70,900 | ₹93,300 | ₹100 |
| Total Comprehensive Income | -₹1.41 Cr | ₹1.86 Cr | -₹2.83 Cr | -₹4.14 Cr | -₹11.56 Cr |
| EBITDA (computed) | -₹1.41 Cr | ₹1.86 Cr | -₹2.82 Cr | -₹2.86 Cr | -₹12.16 Cr |
| Basic EPS | ₹0.72 | ₹0.95 | ₹-1.45 | ₹-2.11 | ₹-5.89 |
| Diluted EPS | ₹0.72 | ₹0.95 | ₹-1.45 | ₹-2.11 | ₹-5.89 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Assets | ₹30.18 Cr | ₹32.21 Cr | ₹28.92 Cr | ₹29.49 Cr | ₹32.34 Cr |
| Property, Plant & Equipment | ₹78,000 | ₹78,000 | ₹1.08 Lakh | ₹1.52 Lakh | ₹2.53 Lakh |
| Inventories | ₹25.28 Lakh | ₹32.75 Lakh | ₹43.29 Lakh | ₹83.43 Lakh | ₹49.01 Lakh |
| Cash & Equivalents | ₹7.15 Lakh | ₹8.81 Lakh | ₹8.55 Lakh | ₹2.62 Lakh | ₹40.45 Lakh |
| Equity (Net Worth) | ₹25.15 Cr | ₹26.55 Cr | ₹24.7 Cr | ₹27.52 Cr | ₹31.65 Cr |
| Equity Share Capital | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr | ₹19.64 Cr |
| Total Liabilities | ₹5.04 Cr | ₹5.65 Cr | ₹4.22 Cr | ₹1.98 Cr | ₹69.37 Lakh |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹8.32 Lakh | -₹2.13 Cr | -₹2.72 Cr |
| Investing Cash Flow | ₹47.65 Lakh | ₹71.06 Lakh | ₹50.3 Lakh |
| Financing Cash Flow | -₹57.63 Lakh | ₹1.43 Cr | ₹2.28 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | ₹8.32 Lakh | -₹2.13 Cr | -₹2.72 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹1.66 Lakh | ₹26,000 | ₹5.93 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹1.47 Cr | ₹14,700 | ₹1.43 Cr |
| Interest Earned | ₹3,800 | ₹8,200 | ₹2,300 |
| Other Income | ₹28,600 | ₹0 | ₹0 |
| Total Income | ₹1.48 Cr | ₹14,700 | ₹1.43 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹1.3 Cr | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | -₹100 | ₹0 |
| Employee Benefit Expense | ₹10.43 Lakh | ₹8.32 Lakh | ₹0 |
| Finance Costs | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹4.16 Lakh | ₹4.63 Lakh | ₹1.38 Cr |
| Total Expenses | ₹1.45 Cr | ₹12.95 Lakh | ₹1.38 Cr |
| Profit Before Exceptional Items & Tax | ₹2.74 Lakh | -₹12.8 Lakh | ₹4.61 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.74 Lakh | -₹12.8 Lakh | ₹4.61 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹2.74 Lakh | -₹12.8 Lakh | ₹4.61 Lakh |
| Other Comprehensive Income | ₹10,200 | ₹5,500 | ₹600 |
| Total Comprehensive Income | ₹2.84 Lakh | -₹12.75 Lakh | ₹4.61 Lakh |
| EBITDA (computed) | ₹2.74 Lakh | -₹12.8 Lakh | ₹4.61 Lakh |
| Basic EPS | ₹0.01 | ₹-0.07 | ₹0.02 |
| Diluted EPS | ₹0.01 | ₹-0.07 | ₹0.02 |
Shareholding Pattern of Garnet International Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 49.70%, retail and other public shareholders hold 50.30% of Garnet International Limited. The company had 2,661 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 49.70% | 49.75% | 51.08% | 49.13% | 49.54% | 49.30% |
| Public | 50.30% | 50.25% | 48.92% | 50.87% | 50.46% | 50.70% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 49.70% | 49.54% | 49.46% |
| Public | 50.30% | 50.46% | 50.54% |
| Promoter change (YoY, %pts) | +0.16 | +0.08 | - |
Group Structure of Garnet International Limited
Garnet International Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Garnet International Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sukartik Clothing Private Limited | U17122MH2004PTC149334 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings Garnet International Limited
Garnet International Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Garnet International Limited
Garnet International Limited has a workforce of 5 employees as of Apr 06, 2024.
Employee and EPFO history for Garnet International Limited
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GST Compliance of Garnet International Limited
GST registrations and filing compliance for Garnet International Limited
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Credit Ratings, Litigation & Regulatory Alerts for Garnet International Limited
Credit ratings, litigation, and regulatory alerts for Garnet International Limited
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MSME Payment Delays by Garnet International Limited
MSME payment history for Garnet International Limited
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Subsidiaries & Group Companies of Garnet International Limited
Corporate group structure for Garnet International Limited
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MCA Filings & Documents of Garnet International Limited
MCA filings and documents for Garnet International Limited
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Recent Activity on Garnet International Limited
Recent News on Garnet International Limited
Frequently Asked Questions about Garnet International Limited
Garnet International Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 09 October 1995 (31+ years old) and is registered under CIN L74110MH1995PLC093448. Listed on BSE: 512493. The company has 5 employees.
Garnet International Limited reported revenue of ₹20.1 Cr for FY 2024 (down 66.12% YoY) based on consolidated BSE filings.
The current directors of Garnet International Limited are:
- Ramakant Gaggar - Managing Director
- Suresh Gaggar - Director
- Navratan Gaggar - Director
- Vishnu Kanth Bhangadia - Director
- Sandhya Lotlikar - Director
- Suresh Kumar Gaur - Director
The primary industry of Garnet International Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Yes. Garnet International Limited is listed on BSE with code 512493.
Garnet International Limited can be reached at the registered office: 901 Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021, or through the website garnetint.com.