Garware Goa Nets Limited
About Garware Goa Nets Limited
Data last updated:
Garware Goa Nets Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 10 February 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17239MH1972PLC331331.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Sainet Limited and Sainet Private Limited. It is led by directors including Aditya Ashok Garware and Pradip Shantilal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1103 Park Residency Datta Pada Road Rajendra Nagar Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2021, the company reported a revenue of ₹98,041. For the same year it recorded a net loss of ₹3.62 Lakh (net margin -368.9%) and EBITDA of -₹4.48 Lakh (EBITDA margin -457%). Revenue has declined at a compounded annual rate (CAGR) of 43% over five years.
As per MCA filings, the company has open charges of ₹50.17 Lakh on record. Court records list 16 cases involving the company, including 10 filed by the company and 6 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Garware Goa Nets has undergone 2 name changes throughout its history. The company was previously known as Sainet Limited, and Sainet Private Limited. The current legal name is Garware Goa Nets Limited.
| Company Name | Status |
|---|---|
| Garware Goa Nets Limited | Current |
| Sainet Limited | Previous |
| Sainet Private Limited | Previous |
CIN history
Garware Goa Nets has one previous CIN (Corporate Identification Number): U17239GA1972PLC000133. The current CIN is U17239MH1972PLC331331, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17239MH1972PLC331331 | Current |
| U17239GA1972PLC000133 | Previous |
Contact details
Garware Goa Nets Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1103 Park Residency Datta Pada Road Rajendra Nagar Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Garware Goa Nets 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 Garware Goa Nets is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
Financials of Garware Goa Nets Limited
FY 2025 filings availableGarware Goa Nets Limited reported revenue of ₹98,041 for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years. 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹98,041 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.62 Lakh | ||||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -457% | ||||
| Net Profit Margin | -368.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Garware Goa Nets Limited, buy the company report.
Board of directors of Garware Goa Nets Limited
Garware Goa Nets has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Ashok Garware Also directs: Garware Marine Industries Limited, Garware Offshore Services Limited, Mahanadi Offshore Services Private Limited and 5 more | Director | 30 Jun 1993 | 33 Years 3 Months | Current |
| Pradip Shantilal Shah | Director | 20 Jun 2001 | 25 Years 4 Months | Current |
| Shyamsunder Vasudev Atre | Director | 14 Aug 2010 | 16 Years 2 Months | Current |
| Narendra Shantaram Surve | Director | 30 Dec 2006 | 19 Years 9 Months | Current |
Auditor
Garware Goa Nets Limited is audited by VINOD RANA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD RANA & CO | FY 2018 | 111521W |
Shareholding
The shareholding of Garware Goa Nets Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Garware Goa Nets Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 1993 | 90065760 | The Goa State Co-Op. Bank Ltd. | ₹35 Lakh | Open | |
| 30 Sep 1985 | 90065403 | New Bank of India | ₹9 Lakh | Open | |
| 28 Aug 1985 | 90065402 | The United Western Bank Ltd. | ₹4.86 Lakh | Open | |
| 20 Jun 1973 | 90065736 | Maharashtra State Financial Corporation | ₹1.31 Lakh | Open |
To see the full charge records of Garware Goa Nets Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Garware Goa Nets Limited has 16 court cases on record: 10 filed by Garware Goa Nets, 6 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 4 | 6 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Garware Goa Nets 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 Garware Goa Nets 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 Garware Goa Nets Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Garware Goa Nets Limited has 7 board changes on record since 1993: 4 appointments and 3 cessations. The latest: Maneesha Shatul Shah ceased to be Director on 14 Apr 2012.
3 earlier events are in the company report.
Frequently asked questions
Garware Goa Nets is an active public limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 10 February 1972 (54+ years old) and is registered under CIN U17239MH1972PLC331331.
Garware Goa Nets has 4 current directors:
- Aditya Ashok Garware - Director
- Pradip Shantilal Shah - Director
- Shyamsunder Vasudev Atre - Director
- Narendra Shantaram Surve - Director
The latest financial statements of Garware Goa Nets on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Garware Goa Nets is U17239MH1972PLC331331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garware Goa Nets has 16 court cases on record: 10 filed by the company and 6 filed against it. 6 are pending. Most are in the high courts.
Garware Goa Nets was incorporated on 10 February 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.
Maneesha Shatul Shah ceased to be Director on 14 Apr 2012. Shyamsunder Vasudev Atre ceased to be Additional Director on 29 Dec 2010. Shyamsunder Vasudev Atre was appointed as Director on 14 Aug 2010. Garware Goa Nets has 7 board changes on record in total.
The registered office of Garware Goa Nets is at 1103 Park Residency Datta Pada Road Rajendra Nagar Borivali East, Mumbai, Maharashtra, India – 400066.
Garware Goa Nets operates in the trading industry, in the wholesale segment.
Garware Goa Nets has open charges of ₹50.17 Lakh and no satisfied charges on record as per latest MCA filings.