About Garware Holdings Limited
Data last updated:
Garware Holdings Limited was a public limited company based in Pune, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the core investment companies segment of the financial services sector. It was incorporated on 26 March 2013.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U67190PN2013PLC146740. Its GSTIN is 27AAFCG1666A1ZX (Maharashtra).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.58 Cr. It was led by directors including Diya Garware Ibanez (Managing Director) and Chhaya Manoj Palrecha.
Its last annual general meeting (AGM) was held on 22 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Supreme Headquarters 9th Floor Survey No. 36 Pune Bangalore Highway Baner, Maharashtra, India – 411045.
As per the financials filed for FY 2020, the company reported a revenue of ₹11.13 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹38.21 Cr (net margin 343.3%) and EBITDA of ₹41.59 Cr (EBITDA margin 373.7%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 35% over five years.
The company had about 6 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹85,000 on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
The last known website on record is garware.com.
Company details
Contact details
Garware Holdings Limited's registered office is in Pune, Maharashtra. Its website is garware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSupreme Headquarters 9th Floor Survey No. 36 Pune Bangalore Highway Baner, Maharashtra, India – 411045
- IndustryFinancial Services, Core Investment Companies, NBFC
To see the full contact details of Garware Holdings 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 Holdings is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Garware Holdings Limited, buy the company report.
Financials of Garware Holdings Limited
FY 2020 filings availableGarware Holdings Limited reported revenue of ₹11.13 Cr (up 35% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 35% growth in the latest year. EBITDA rose 16% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹11.13 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹41.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.21 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 373.7% | ||||
| Net Profit Margin | 343.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Garware Holdings Limited, buy the company report.
Board of directors and KMP of Garware Holdings Limited
Garware Holdings Limited currently reports 5 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sucheta Bhusan Chitnis Also directs: Leafland Agro Tourism Private Limited, Suramex Private Limited, Garware Healthcare India Private Limited and 1 more | Cfo | 01 Jul 2018 | 8 Years 3 Months | As last reported |
| Chhaya Manoj Palrecha Also directs: Universal Sompo General Insurance Company Limited | Director | 13 Nov 2018 | 7 Years 11 Months | As last reported |
| Dilip Gopal Patwardhan | Director | 23 Sep 2016 | 10 Years 1 Months | As last reported |
| Diya Garware Ibanez | Managing Director | 26 Mar 2013 | 13 Years 7 Months | As last reported |
| Sudhir Rajaram Pitre Also directs: Leafland Agro Tourism Private Limited, Garware Fulflex India Private Limited, Suramex Private Limited and 2 more | Director | 31 May 2014 | 12 Years 4 Months | As last reported |
| Shreechandra Pandurang Raykar | Director | 26 Mar 2013 | 13 Years 7 Months | As last reported |
Auditor
Garware Holdings Limited is audited by P G BHAGWAT for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G BHAGWAT | FY 2019 | 101118W |
Shareholding
The shareholding of Garware Holdings Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Garware Holdings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 1983 | 90083341 | Canara Bank | ₹85,000 | Satisfied |
To see the full charge records of Garware Holdings Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Garware Holdings Limited has 5 court cases on record: 1 filed by Garware Holdings, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Manmit Investments and Trading Co. Pvt. Ltd. and 5 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Moonshine Investments and Trading Co. Pvt. Ltd. and 5 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Garware Holdings 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 Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Garware Holdings has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Single Point Distribution Limited | U60232PN2005PLC020856 | |
| Garware Healthcare Limited | U74900PN2008PLC131409 |
To see the full group structure of Garware Holdings Limited, buy the company report.
Employees & EPFO
Garware Holdings Limited has a workforce of 6 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Garware Holdings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCG1666A1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garware Holdings Limited, buy the company report.
Recent activity
Garware Holdings Limited has 14 board changes on record since 2013: 6 appointments and 8 cessations. The latest: Chhaya Manoj Palrecha ceased to be Additional Director on 23 Sep 2019.
7 earlier events are in the company report.
Frequently asked questions
Garware Holdings 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.
Garware Holdings was a public limited company based in Pune, Maharashtra, India. The company worked in core investment companies, within the financial services industry. It was incorporated on 26 March 2013 and is registered under CIN U67190PN2013PLC146740. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Garware Holdings was incorporated on 26 March 2013. It is registered with the Registrar of Companies, Pune.
Garware Holdings had 6 directors and KMP:
- Diya Garware Ibanez - Managing Director
- Chhaya Manoj Palrecha - Director
- Dilip Gopal Patwardhan - Director
- Sudhir Rajaram Pitre - Director
- Shreechandra Pandurang Raykar - Director
- Sucheta Bhusan Chitnis - Cfo
The CIN (Corporate Identification Number) of Garware Holdings is U67190PN2013PLC146740. 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 Garware Holdings is at Supreme Headquarters 9th Floor Survey No. 36 Pune Bangalore Highway Baner, Maharashtra, India – 411045.
Garware Holdings can be reached through the website garware.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Garware Holdings on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 22 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Garware Holdings is 27AAFCG1666A1ZX, registered in Maharashtra.
Garware Holdings operated in the financial services industry, in the core investment companies segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
