About Garware Synthetics Limited
Data last updated: 24 December 2025
Garware Synthetics Limited is a public limited company based in Mira Road, Maharashtra, India. It specialises in industrial machinery manufacturing, a part of the broader machinery and industrial equipment sector. Incorporated on 01 September 1969, the company has been in operation for over 57 years.
Registered with ROC Mumbai under CIN L99999MH1969PLC014371. Listed on BSE: 514400.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.81 Cr. Formerly known as Garware Synthetic Bristles Private Limited. It is led by directors including Shital Dhammdeep Kamble and Nihal Chandrakant Garware.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Manish Textiles Industrial Premises Opposite Golden Chemical Penkar Pada, Mira Road, Maharashtra, India – 401104.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.02 Cr, a growth of 3% compared to the previous year.
The company has a workforce of approximately 64 employees as per the latest available data.
The company is associated with 1 brand - Garware Synthetics Limited. As per MCA filings, the company has satisfied charges of ₹3.68 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwaresyn.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressManish Textiles Industrial Premises Opposite Golden Chemical Penkar Pada, Mira Road, Maharashtra, India – 401104
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IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Garware Synthetics Limited
Garware Synthetics Limited has one previous CIN (Corporate Identification Number): U99999MH1969PLC014371. The current CIN is L99999MH1969PLC014371, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1969PLC014371 | Current |
| U99999MH1969PLC014371 | Previous |
Associated Brands with Garware Synthetics Limited
Garware Synthetics Limited operates one associated brand: Garware Synthetics Limited. These brands represent Garware Synthetics Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of nylon mono filaments, bristles, fishing line & PP bristles | garwaresyn.com |
Business Activity of Garware Synthetics Limited
Garware Synthetics Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | ********* |
Auditor Details of Garware Synthetics Limited
Garware Synthetics Limited is audited by Jayesh Dadia & Associates LLP (ICAI peer reviewed, certificate valid till 2028-04-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Jayesh Dadia & Associates LLP (ICAI peer reviewed, certificate valid till 2028-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Garware Synthetics Limited
Garware Synthetics Limited is currently managed by 11 directors, with 11 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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Shital Dhammdeep Kamble
Also directs:
Garware Synthetics Limited, Shital Financial Advisory Llp
|
Director | 23 Aug 2025 | 0 Years 10 Months | Current |
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Nihal Chandrakant Garware
Also directs:
Garware Synthetics Limited
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Director | 01 Jul 2025 | 1 Years 0 Months | Current |
|
Sandip Keshav Pawar
Also directs:
Garware Synthetics Limited, Asean Industrial Structures Limited
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Director | 26 Jun 2019 | 7 Years 0 Months | Current |
|
Deepak Pandurang Kamble
Also directs:
Garware Synthetics Limited
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Director | 28 Sep 2022 | 3 Years 9 Months | Current |
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Kirtikumar Bhailal Doshi
Also directs:
Garware Synthetics Limited
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Director | 28 Oct 2002 | 23 Years 8 Months | Current |
|
Harish Koraga Shriyan
Also directs:
Garware Synthetics Limited
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Director | 30 Aug 2024 | 1 Years 10 Months | Current |
Financials of Garware Synthetics Limited FY 2026 filings available
Garware Synthetics Limited reported revenue of ₹10.34 Cr (down 3.64% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹10.34 Cr | ₹10.73 Cr | ₹10.7 Cr | ₹11.4 Cr | ₹12.7 Cr | ₹8.27 Cr | ₹9.11 Cr | ₹10.64 Cr |
| Other Income | ₹1.53 Lakh | ₹28.78 Lakh | ₹1.93 Lakh | ₹37.39 Lakh | ₹33.41 Lakh | ₹11,000 | ₹34,000 | ₹33.16 Lakh |
| Total Income | ₹10.35 Cr | ₹11.02 Cr | ₹10.72 Cr | ₹11.77 Cr | ₹13.04 Cr | ₹8.27 Cr | ₹9.12 Cr | ₹10.97 Cr |
| Cost of Materials Consumed | ₹4.85 Cr | ₹5.91 Cr | ₹5.64 Cr | ₹6.53 Cr | ₹7.23 Cr | ₹4.04 Cr | ₹4.94 Cr | ₹6.33 Cr |
| Purchases of Stock-in-Trade | ₹1.45 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹13,000 | ₹0 |
| Changes in Inventories | -₹3.5 Lakh | ₹10.28 Lakh | ₹2.14 Lakh | ₹3.04 Lakh | -₹5.58 Lakh | ₹86,000 | ₹8.56 Lakh | ₹5.09 Lakh |
| Employee Benefit Expense | ₹2.38 Cr | ₹2.27 Cr | ₹2.19 Cr | ₹2.02 Cr | ₹1.91 Cr | ₹1.47 Cr | ₹1.89 Cr | ₹1.93 Cr |
| Finance Costs | ₹9.37 Lakh | ₹12.13 Lakh | ₹36.81 Lakh | ₹32.92 Lakh | ₹59.14 Lakh | ₹43.13 Lakh | ₹8.54 Lakh | ₹19.86 Lakh |
| Depreciation & Amortisation | ₹43.91 Lakh | ₹43.97 Lakh | ₹44 Lakh | ₹46.9 Lakh | ₹26.39 Lakh | ₹2.15 Lakh | ₹2.6 Lakh | ₹2.63 Lakh |
| Other Expenses | ₹2.2 Cr | ₹2.38 Cr | ₹2.48 Cr | ₹2.27 Cr | ₹2.66 Cr | ₹1.69 Cr | ₹1.9 Cr | ₹2.3 Cr |
| Total Expenses | ₹9.94 Cr | ₹11.23 Cr | ₹11.14 Cr | ₹11.64 Cr | ₹12.59 Cr | ₹7.66 Cr | ₹8.93 Cr | ₹10.84 Cr |
| Profit Before Exceptional Items & Tax | ₹41.61 Lakh | -₹20.99 Lakh | -₹41.92 Lakh | ₹13.32 Lakh | ₹44.54 Lakh | ₹60.88 Lakh | ₹18.42 Lakh | ₹13.66 Lakh |
| Exceptional Items | ₹0 | ₹27.74 Lakh | ₹27.5 Lakh | ₹21.97 Lakh | ₹11.15 Lakh | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹41.61 Lakh | ₹6.75 Lakh | -₹14.42 Lakh | ₹35.29 Lakh | ₹55.68 Lakh | ₹60.88 Lakh | ₹18.42 Lakh | ₹13.66 Lakh |
| Total Tax Expense | ₹5.4 Lakh | ₹5.45 Lakh | -₹9.65 Lakh | -₹22.53 Lakh | ₹32.66 Lakh | ₹2.57 Lakh | ₹7.37 Lakh | ₹0 |
| Net Profit | ₹36.21 Lakh | ₹1.3 Lakh | -₹4.77 Lakh | ₹57.82 Lakh | ₹23.02 Lakh | ₹58.31 Lakh | ₹11.05 Lakh | ₹13.66 Lakh |
| Other Comprehensive Income | ₹7.17 Lakh | ₹0 | -₹6.54 Lakh | ₹2.01 Lakh | -₹64.1 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹43.38 Lakh | ₹1.3 Lakh | -₹11.31 Lakh | ₹59.83 Lakh | -₹41.08 Lakh | ₹58.31 Lakh | ₹11.05 Lakh | ₹13.66 Lakh |
| EBITDA (computed) | ₹94.89 Lakh | ₹35.11 Lakh | ₹38.89 Lakh | ₹93.14 Lakh | ₹1.3 Cr | ₹1.06 Cr | ₹29.56 Lakh | ₹36.15 Lakh |
| Basic EPS | ₹0.72 | ₹0.12 | ₹-0.08 | ₹0.61 | ₹0.00 | ₹1.00 | ₹0.32 | ₹-2.37 |
| Diluted EPS | ₹0.72 | ₹0.12 | ₹-0.08 | ₹0.61 | ₹0.00 | ₹1.00 | ₹0.00 | ₹-2.37 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹13.89 Cr | ₹14.27 Cr | ₹14.52 Cr | ₹15.33 Cr | ₹16.92 Cr | ₹13.61 Cr | ₹13.34 Cr | ₹13.46 Cr |
| Non-current Assets | ₹11.8 Cr | ₹11.87 Cr | ₹12.16 Cr | ₹12.73 Cr | ₹14.08 Cr | ₹11.04 Cr | ₹11.02 Cr | ₹10.9 Cr |
| Current Assets | ₹2.09 Cr | ₹2.41 Cr | ₹2.37 Cr | ₹2.6 Cr | ₹2.85 Cr | ₹2.57 Cr | ₹2.32 Cr | ₹2.56 Cr |
| Property, Plant & Equipment | ₹11.2 Cr | ₹11.43 Cr | ₹11.84 Cr | ₹12.28 Cr | ₹13.53 Cr | ₹10.44 Cr | ₹10.45 Cr | ₹10.47 Cr |
| Inventories | ₹81.86 Lakh | ₹86.63 Lakh | ₹0 | ₹88.9 Lakh | ₹1.03 Cr | ₹1.05 Cr | ₹1.06 Cr | ₹1.14 Cr |
| Trade Receivables | ₹1.24 Cr | ₹1.44 Cr | ₹1.27 Cr | ₹1.47 Cr | ₹1.68 Cr | ₹1.47 Cr | ₹1.1 Cr | ₹1.17 Cr |
| Cash & Equivalents | ₹3.26 Lakh | ₹10.32 Lakh | ₹22.42 Lakh | ₹23.95 Lakh | ₹13.15 Lakh | ₹3.86 Lakh | ₹16.26 Lakh | ₹25.22 Lakh |
| Equity (Net Worth) | -₹1.53 Cr | -₹1.97 Cr | -₹2.08 Cr | -₹1.97 Cr | -₹2.57 Cr | -₹2.15 Cr | -₹2.74 Cr | -₹2.85 Cr |
| Equity Share Capital | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr | ₹5.81 Cr |
| Borrowings (Non-current) | ₹0 | ₹5.93 Lakh | ₹15.54 Lakh | ₹24.49 Lakh | ₹32.83 Lakh | ₹12.42 Cr | ₹12.91 Cr | ₹12.27 Cr |
| Borrowings (Current) | ₹5.27 Cr | ₹5.07 Cr | ₹5.15 Cr | ₹11.44 Cr | ₹11.66 Cr | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹5.27 Cr | ₹5.12 Cr | ₹5.3 Cr | ₹11.68 Cr | ₹11.99 Cr | ₹12.42 Cr | ₹12.91 Cr | ₹12.27 Cr |
| Current Liabilities | ₹14.36 Cr | ₹14.68 Cr | ₹8.81 Cr | ₹14.92 Cr | ₹15.83 Cr | ₹3.06 Cr | ₹2.81 Cr | ₹3.55 Cr |
| Total Liabilities | ₹15.43 Cr | ₹16.24 Cr | ₹16.6 Cr | ₹17.29 Cr | ₹19.49 Cr | ₹15.76 Cr | ₹16.07 Cr | ₹16.31 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹11.96 Lakh | ₹4.16 Lakh | ₹38.67 Lakh | ₹57.18 Lakh | ₹1.33 Cr |
| Investing Cash Flow | -₹22.59 Lakh | -₹3.33 Lakh | -₹18,000 | -₹29,000 | -₹63.61 Lakh |
| Financing Cash Flow | ₹27.47 Lakh | -₹12.93 Lakh | -₹40.02 Lakh | -₹46.11 Lakh | -₹60.14 Lakh |
| Capital Expenditure | ₹50.71 Lakh | ₹3.33 Lakh | ₹18,000 | ₹29,000 | ₹0 |
| Free Cash Flow (computed) | -₹62.67 Lakh | ₹83,000 | ₹38.49 Lakh | ₹56.89 Lakh | ₹1.33 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹7.08 Lakh | -₹12.1 Lakh | -₹1.53 Lakh | ₹10.78 Lakh | ₹9.29 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2.41 Cr | ₹2.49 Cr | ₹2.84 Cr | ₹2.6 Cr | ₹2.75 Cr | ₹2.55 Cr | ₹2.77 Cr | ₹2.67 Cr |
| Other Income | ₹52,000 | ₹29,000 | ₹49,000 | ₹24,000 | ₹27.12 Lakh | ₹1.35 Lakh | ₹16,000 | ₹16,000 |
| Total Income | ₹2.41 Cr | ₹2.49 Cr | ₹2.84 Cr | ₹2.61 Cr | ₹3.02 Cr | ₹2.56 Cr | ₹2.77 Cr | ₹2.67 Cr |
| Cost of Materials Consumed | ₹1.15 Cr | ₹1.09 Cr | ₹1.31 Cr | ₹1.3 Cr | ₹1.54 Cr | ₹1.38 Cr | ₹1.56 Cr | ₹1.44 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹1.45 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹3.79 Lakh | ₹41,000 | -₹73,000 | -₹6.98 Lakh | -₹1.98 Lakh | ₹59,000 | ₹5.24 Lakh | ₹6.43 Lakh |
| Employee Benefit Expense | ₹69.46 Lakh | ₹55.44 Lakh | ₹57.72 Lakh | ₹54.94 Lakh | ₹69.72 Lakh | ₹54.49 Lakh | ₹52.9 Lakh | ₹50.33 Lakh |
| Finance Costs | ₹3.34 Lakh | ₹1.74 Lakh | ₹2 Lakh | ₹2.29 Lakh | -₹3.83 Lakh | ₹5.92 Lakh | ₹4.86 Lakh | ₹5.17 Lakh |
| Depreciation & Amortisation | ₹10.64 Lakh | ₹11.15 Lakh | ₹11.09 Lakh | ₹11.02 Lakh | ₹10.99 Lakh | ₹10.98 Lakh | ₹11.01 Lakh | ₹10.98 Lakh |
| Other Expenses | ₹48.93 Lakh | ₹50.72 Lakh | ₹64.6 Lakh | ₹55.9 Lakh | ₹63.33 Lakh | ₹56.47 Lakh | ₹55.84 Lakh | ₹61.94 Lakh |
| Total Expenses | ₹2.51 Cr | ₹2.28 Cr | ₹2.66 Cr | ₹2.49 Cr | ₹2.92 Cr | ₹2.66 Cr | ₹2.86 Cr | ₹2.79 Cr |
| Profit Before Exceptional Items & Tax | -₹9.61 Lakh | ₹20.97 Lakh | ₹18.3 Lakh | ₹11.98 Lakh | ₹9.65 Lakh | -₹9.76 Lakh | -₹8.88 Lakh | -₹11.97 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.75 Lakh | ₹0 | ₹6.99 Lakh | ₹19 Lakh |
| Profit Before Tax | -₹9.61 Lakh | ₹20.97 Lakh | ₹18.3 Lakh | ₹11.98 Lakh | ₹11.4 Lakh | -₹9.76 Lakh | -₹1.89 Lakh | ₹7.03 Lakh |
| Total Tax Expense | -₹20,000 | -₹66,000 | ₹6.25 Lakh | ₹0 | ₹10.61 Lakh | -₹11,000 | -₹5.02 Lakh | ₹0 |
| Net Profit | -₹9.41 Lakh | ₹21.63 Lakh | ₹12.05 Lakh | ₹11.98 Lakh | ₹79,000 | -₹9.65 Lakh | ₹3.13 Lakh | ₹7.03 Lakh |
| Other Comprehensive Income | ₹7.17 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹2.24 Lakh | ₹21.63 Lakh | ₹12.05 Lakh | ₹11.98 Lakh | ₹79,000 | -₹9.65 Lakh | ₹3.13 Lakh | ₹7.03 Lakh |
| EBITDA (computed) | ₹4.37 Lakh | ₹33.86 Lakh | ₹31.39 Lakh | ₹25.29 Lakh | ₹16.81 Lakh | ₹7.14 Lakh | ₹6.99 Lakh | ₹4.18 Lakh |
| Basic EPS | ₹-0.17 | ₹0.36 | ₹0.31 | ₹0.21 | ₹0.20 | ₹-0.17 | ₹-0.03 | ₹0.12 |
| Diluted EPS | ₹-0.17 | ₹0.36 | ₹0.31 | ₹0.21 | ₹0.20 | ₹-0.17 | ₹-0.03 | ₹0.12 |
Shareholding Pattern of Garware Synthetics Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 45.78%, domestic institutional investors hold 0.01%, retail and other public shareholders hold 54.21% of Garware Synthetics Limited. The company had 13,329 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 45.78% | 45.78% | 45.78% | 45.78% | 45.78% | 45.78% |
| Public | 54.22% | 54.22% | 54.22% | 54.22% | 54.22% | 54.22% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 45.78% | 45.78% | 45.78% |
| Public | 54.22% | 54.22% | 54.22% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Garware Synthetics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 1995 | Bank of Baroda | ₹76.4 Lakh | Satisfied |
| 21 Aug 1995 | Bank of Baroda | ₹10 Lakh | Satisfied |
| 21 Aug 1995 | Bank of Baroda | ₹1.9 Cr | Satisfied |
| 21 Aug 1995 | Bank of Baroda | ₹76.4 Lakh | Satisfied |
| 01 Mar 1990 | Bank of Baroda | ₹15 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Garware Synthetics Limited
Garware Synthetics Limited has a workforce of 64 employees as of Apr 07, 2024.
Employee Count & EPFO Data of Garware Synthetics Limited
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GST Compliance of Garware Synthetics Limited
GSTIN & GST Filing Data of Garware Synthetics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Garware Synthetics Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Garware Synthetics Limited
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MSME Payment Delays by Garware Synthetics Limited
MSME Payment Delays by Garware Synthetics Limited
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Subsidiaries & Group Companies of Garware Synthetics Limited
Subsidiaries & Group Companies of Garware Synthetics Limited
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MCA Filings & Documents of Garware Synthetics Limited
MCA Filings & Documents of Garware Synthetics Limited
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Recent Activity on Garware Synthetics Limited
Frequently Asked Questions about Garware Synthetics Limited
Garware Synthetics Limited is an active public limited company in the machinery and equipment sector based in Mira Road, Maharashtra, India. It was incorporated on 01 September 1969 (57+ years old) and is registered under CIN L99999MH1969PLC014371. Listed on BSE: 514400. The company has 64 employees.
Garware Synthetics Limited reported revenue of ₹11.02 Cr for FY 2025 (up 3.00% YoY).
The current directors of Garware Synthetics Limited are:
- Shital Dhammdeep Kamble
- Nihal Chandrakant Garware
- Sandip Keshav Pawar
- Dinesh Balu Gurav
- Swati Jain
- Deepak Pandurang Kamble
- Kirtikumar Bhailal Doshi
- Harish Koraga Shriyan
- Swati Shah
- Ujwala Somnath Tate
- Sheetal Jayesh Sawant
The primary industry of Garware Synthetics Limited is machinery and equipment. The company specifically operates in industrial machinery manufacturing. The company is currently active in this sector.
Yes. Garware Synthetics Limited is listed on BSE with code 514400.
Garware Synthetics Limited can be reached at the registered office: Manish Textiles Industrial Premises Opposite Golden Chemical Penkar Pada, Mira Road, Maharashtra, India – 401104, or through the website garwaresyn.com.