MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-25-0001334
Gartels Werke Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.79 Cr
▲ 21% YoY
Net profit · FY 2024
₹2.95 Cr
Net margin 9.6%
EBITDA · FY 2024
₹5.52 Cr
EBITDA margin 17.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.4 Cr
Issued & subscribed
Open charges
₹6 Cr
Satisfied ₹35.19 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
79
Provident fund records
About Gartels Werke Limited
Data last updated:
Gartels Werke Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 24 August 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1984PLC033835. Its GSTIN is 27AABCG0586B1ZY (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors including Rohit Damodar Panicker (Managing Director) and Vikrant Narayan Churi.
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 217 Mastermind – V Royal Palms Aarey Milk Colony Goregaon (E), Mumbai, Maharashtra, India – 400065.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.79 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹2.95 Cr (net margin 9.6%) and EBITDA of ₹5.52 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 10% over five years.
The company has about 79 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gartels Werke Ltd. As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹35.19 Cr on record. Court records list 28 cases involving the company, including 1 filed by the company and 27 filed against it; 1 case is pending.
Gartels Werke Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001334). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gartelsprings.com.
Company details
CIN U74999MH1984PLC033835
Registration Number 033835
Incorporation Date 24 August 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0001334
CIN history
Gartels Werke has one previous CIN (Corporate Identification Number): L74999MH1984PLC033835. The current CIN is U74999MH1984PLC033835, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1984PLC033835 | Current |
| L74999MH1984PLC033835 | Previous |
Key People
Rohit Damodar Panicker Managing Director Vikrant Narayan Churi Director Ajaykumar Gunvantrai Shah Director Recognitions & Rankings of Gartels Werke
Contact details
Gartels Werke Limited's registered office is in Mumbai, Maharashtra. Its website is gartelsprings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address217 Mastermind – V Royal Palms Aarey Milk Colony Goregaon (E), Mumbai, Maharashtra, India – 400065
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Gartels Werke Limited, buy the company report.
Comprehensive company report
Gartels Werke 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
Gartels Werke operates one associated brand: GARTELS WERKE LTD. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of heavy springs, helical springs, and coil springs in India. | gartelsprings.com |
Business activity
The main business activity of Gartels Werke is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Gartels Werke Limited, buy the company report.
Financials of Gartels Werke Limited
FY 2024 filings availableGartels Werke Limited reported revenue of ₹30.79 Cr (up 21% YoY) for FY 2024.
Revenue · FY 2024
₹30.79 Cr ▲ 21%
Net profit · FY 2024
₹2.95 Cr margin 9.6%
EBITDA · FY 2024
₹5.52 Cr margin 17.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 36%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 24%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 21% growth in the latest year. EBITDA fell 15% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.52 Cr | ||||
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| Net Profit (PAT) | ₹2.95 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.9% | ||||
| Net Profit Margin | 9.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Gartels Werke Limited, buy the company report.
Board of directors of Gartels Werke Limited
Gartels Werke has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Narayan Churi | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Ajaykumar Gunvantrai Shah | Director | 02 Mar 1998 | 28 Years 7 Months | Current |
| Rohit Damodar Panicker | Managing Director | 21 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Gartels Werke Limited is audited by F. A. Ansari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| F. A. Ansari & Associates | FY 2023 | 100504W |
Shareholding
The shareholding of Gartels Werke 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gartels Werke Limited, buy the company report.
Charges & borrowings
Open charges
₹6 Cr
Satisfied charges
₹35.19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Apr 2025 | 101075227 | Others | ₹6 Cr | Open | |
| 30 Dec 2021 | 100519013 | Others | ₹7.99 Cr | Satisfied | |
| 01 Oct 2021 | 100506205 | Others | ₹1 Cr | Satisfied | |
| 25 Mar 2016 | 100028276 | Others | ₹2.01 Cr | Satisfied | |
| 26 Mar 2014 | 10489209 | Religare Finvest Limited | ₹10 Cr | Satisfied |
To see the full charge records of Gartels Werke Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Gartels Werke Limited has 28 court cases on record: 1 filed by Gartels Werke, 27 filed against it. 1 case is pending and 27 are disposed.
Total cases
28
Filed by the company
1
Filed against the company
27
Pending
1
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 25 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Commercial matter | Filed by the company against M/S. Mewar Hitech Engineering Ltd Through Its Chairman Chattar Singh Harishsingh Rathore | Pending |
| District court, Valsad, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (PWAPP LC) | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (PWAPP LC) | Filed against the company by an individual | Disposed |
To see the full case history of Gartels Werke Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gartels Werke Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gartels Werke Limited has a workforce of 79 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
79
Active EPFO establishments
1
GST
Gartels Werke has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG0586B1ZY | Maharashtra | Active | 30 Jan 2025 |
| 24AABCG0586B1Z4 | Gujarat | Active | 01 Jul 2017 |
| 24AABCG0586B2Z3 | Gujarat | Active | 20 May 2025 |
To see the full GST registrations and return filing status of Gartels Werke Limited, buy the company report.
Recent activity
Gartels Werke Limited has 7 board changes on record since 1998: 3 appointments and 4 cessations. The latest: Vikrant Narayan Churi ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101075227 was registered on 05 Apr 2025.
Charges
A charge registered on 01 Oct 2021 via Charge ID 100506205 with Others was fully satisfied on 15 Mar 2025.
Charges
A charge registered on 30 Dec 2021 via Charge ID 100519013 with Others was fully satisfied on 05 Feb 2025.
AGM
Gartels Werke Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gartels Werke Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Vikrant Narayan Churi ceased to be Additional Director.
Appointed
Vikrant Narayan Churi was appointed as Director.
Charges
A charge with Others amounted to Rs. 7.99 Cr with Charge ID 100519013 was registered on 30 Dec 2021.
Ceased
Damodar Panicker Ramchandra ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100506205 was registered on 01 Oct 2021.
Charges
A charge registered on 25 Mar 2016 via Charge ID 100028276 with Others was fully satisfied on 01 Feb 2021.
Charges
A charge registered on 26 Mar 2014 via Charge ID 10489209 with Religare Finvest Limited was fully satisfied on 01 Feb 2021.
18 earlier events are in the company report.
Frequently asked questions
Gartels Werke is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 24 August 1984 (42+ years old) and is registered under CIN U74999MH1984PLC033835.
Gartels Werke has 3 current directors:
- Rohit Damodar Panicker - Managing Director
- Vikrant Narayan Churi - Director
- Ajaykumar Gunvantrai Shah - Director
The latest financial statements of Gartels Werke on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Gartels Werke is 27AABCG0586B1ZY, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AABCG0586B1Z4 (Gujarat), 24AABCG0586B2Z3 (Gujarat).
The CIN (Corporate Identification Number) of Gartels Werke is U74999MH1984PLC033835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gartels Werke has 28 court cases on record: 1 filed by the company and 27 filed against it. 1 is pending. Most are in the district courts.
Gartels Werke was incorporated on 24 August 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Vikrant Narayan Churi ceased to be Additional Director on 29 Sep 2023. Vikrant Narayan Churi was appointed as Director on 01 Apr 2023. Damodar Panicker Ramchandra ceased to be Managing Director on 30 Nov 2021. Gartels Werke has 7 board changes on record in total.
Yes, Gartels Werke is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0001334).
Gartels Werke can be reached through the website gartelsprings.com. Its registered office is in Mumbai, Maharashtra, India.