MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-17-0032438
Revenue · FY 2025
₹291.49 Cr
▲ 3% YoY
Net profit · FY 2025
₹106.1 Cr
Net margin 36.4%
EBITDA · FY 2025
₹127.31 Cr
EBITDA margin 43.7%
Authorised capital
₹110 Cr
Registered with MCA
Paid-up capital
₹50.03 Cr
Issued & subscribed
Open charges
₹200 Cr
Satisfied ₹2,116.14 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
657
Provident fund records
About GB Global Limited
Data last updated:
GB Global Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Dev Land & Housing Private Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17120MH1984PLC033553. Its GSTIN is 29AABCM6615M1Z3 (Karnataka). The company holds 6 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (533204) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹50.03 Cr. It was formerly known as Mandhana Industries Private Limited and Mandhana Industries Limited. It is led by directors including Vijay Thakordas Thakkar (Managing Director) and Paresh Jain.
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 10th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri (West), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2025, the company reported a revenue of ₹291.49 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹106.1 Cr (net margin 36.4%) and EBITDA of ₹127.31 Cr (EBITDA margin 43.7%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 2% over five years.
The company has about 657 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: GB Global and Mandhana Industries. As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹2,116.14 Cr on record. Court records list 208 cases involving the company, including 85 filed by the company and 123 filed against it; 64 cases are pending. The company has 28 deals on record (20 market trades, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.23 Cr; the latest was in May 2021. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 4 smaller; the largest is Apm Industries Limited with revenue of ₹295.31 Cr. The company has 5 MSME Form 1 returns on record for the period ending Sep 2019, listing 683 overdue payments to 33 micro and small suppliers.
GB Global Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0032438). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gbglobal.in.
Company details
CIN L17120MH1984PLC033553
Registration Number 033553
Incorporation Date 25 July 1984
ROC Mumbai
Listing Status Listed - Suspended on BSE (533204)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Dev Land & Housing Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-17-0032438
Name history
GB Global has undergone 4 name changes throughout its history. The current legal name is Gb Global Limited.
| Company Name | Status |
|---|---|
| GB Global Limited | Current |
| Mandhana Industries Private Limited | Previous |
| Mandhana Industries Limited | Previous |
| The Mandhana Industries Limited | Previous |
CIN history
GB Global has one previous CIN (Corporate Identification Number): U17120MH1984PLC033553. The current CIN is L17120MH1984PLC033553, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17120MH1984PLC033553 | Current |
| U17120MH1984PLC033553 | Previous |
Key People
Vijay Thakordas Thakkar Managing Director Paresh Jain Director Tanam Vijay Thakkar Director Recognitions & Rankings of GB Global
Contact details
GB Global Limited's registered office is in Mumbai, Maharashtra. Its website is gbglobal.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri (West), Mumbai, Maharashtra, India – 400058
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of GB Global Limited, buy the company report.
Comprehensive company report
GB Global 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
GB Global operates two associated brands: GB Global and Mandhana Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures textiles, garments, designs fabrics, and processes for key clients. | gbglobal.in | |
| Support ticket system for managing and tracking support requests online. | mandhana.com |
Business activity
The main business activity of GB Global is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of GB Global Limited, buy the company report.
Financials of GB Global Limited
FY 2025 filings availableGB Global Limited reported revenue of ₹291.49 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹291.49 Cr ▲ 3%
Net profit · FY 2025
₹106.1 Cr margin 36.4%
EBITDA · FY 2025
₹127.31 Cr margin 43.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 44%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 128%
3 years · compounded
▼ 52%
5 years · compounded
▲ 53%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 3% growth in the latest year. EBITDA rose 128% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹127.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹106.1 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 43.7% | ||||
| Net Profit Margin | 36.4% | ||||
| 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 GB Global Limited, buy the company report.
Board of directors of GB Global Limited
GB Global has 6 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Thakordas Thakkar | Managing Director | 05 Jun 2021 | 5 Years 4 Months | Current |
| Paresh Jain Also directs: Ariona Professional Services Private Limited | Director | 05 Jun 2021 | 5 Years 4 Months | Current |
| Tanam Vijay Thakkar | Director | 05 Jun 2021 | 5 Years 4 Months | Current |
| Dinesh Sahadev Tarfe Also directs: Mars Realtors Private Limited | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Aayush Prashant Agrawal | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Akshat Prashant Agrawal Also directs: Epic Polyester LLP, Ashwell Minerals Private Limited, Epic Yarns Private Limited and 3 more | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
GB Global Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apm Industries Limited | ₹295.31 Cr (FY 2025) | -2.0% | Bhiwadi, Rajasthan, India | |||
| Sada Green Industries Private Limited | ₹293.14 Cr (FY 2025) | 21.0% | Suratgarh, Rajasthan, India | |||
| Prassanna Spinning Mills Private Limited | ₹292.89 Cr (FY 2025) | -1.0% | Tirupur, Tamil Nadu, India | |||
| Sivanta Spuntex Private Limited | ₹292.47 Cr (FY 2025) | -1.0% | Gorakhpur, Uttar Pradesh, India | |||
| GB Global Limitedthis company | ₹291.49 Cr (FY 2025) | ₹106.1 Cr | 36.4% | 3.0% | 657 | Mumbai, Maharashtra, India |
| Sri Vishnu Shankar Mill Limited | ₹291.02 Cr (FY 2025) | 15.0% | Rajapalayam, Tamil Nadu, India | |||
| Khosla Profil Private Limited | ₹291.01 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Nirmal Fibres Private Limited | ₹290.31 Cr (FY 2024) | -3.0% | New Delhi, Delhi, India | |||
| J P P Mills Private Limited | ₹289.54 Cr (FY 2025) | 3.0% | Erode, Tamil Nadu, India |
To see the full peer comparison of GB Global Limited, buy the company report.
Auditor
GB Global Limited is audited by Bhuta Shah & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhuta Shah & Co LLP | FY 2023 | 101474W / W100100 |
Shareholding
The shareholding of GB Global 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GB Global Limited, buy the company report.
Charges & borrowings
Open charges
₹200 Cr
Satisfied charges
₹2,116.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2016 | 10624769 | The Saraswat Co-Operative Bank Limited | ₹20 Cr | Satisfied | |
| 23 Sep 2015 | 10596103 | Corporation Bank | ₹15 Cr | Satisfied | |
| 08 Apr 2015 | 10569916 | Idbi Trusteeship Services Limited | ₹20 Cr | Satisfied | |
| 12 Feb 2015 | 10549235 | State Bank of India | ₹90 Cr | Satisfied | |
| 08 Nov 2014 | 10529468 | Bank of Baroda | ₹25 Cr | Satisfied |
To see the full charge records of GB Global Limited, buy the company report.
Total charge records: 35 View all charges
Deals & funding
GB Global Limited has 28 deals on record (20 market trades, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.23 Cr; the latest was in May 2021.
Total deals
28
Market trades
20
Funding rounds
5
Secondary share transfers
2
IPO
1
Disclosed funding
₹41.23 Cr
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Mahan Synthetic Textiles Private Limited , 3 individuals Seller: 4 individuals |
| Dec 2016 | Market trade | ₹58.3 Lakh | Seller: Olumpus Trading & Advisory LLP |
| Sep 2016 | Market trade | ₹1.46 Cr | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Sep 2016 | Market trade | ₹4.06 Cr | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Aug 2016 | Market trade | ₹4.29 Cr | Seller: Stci Finance Limited |
To see the full deal history of GB Global Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GB Global Limited has 208 court cases on record: 85 filed by GB Global, 123 filed against it. 64 cases are pending and 144 are disposed.
Total cases
208
Filed by the company
85
Filed against the company
123
Pending
64
Disposed
144
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 134 | 57 | 38 |
| NCLAT | 49 | 49 | 22 |
| High courts | 21 | 13 | 4 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 208)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APEAL) | Filed against the company by Allahabad Bank | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed against the company by Loyal Textile Mills Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Baroda | Disposed |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed against the company by Loyal Textile Mills Ltd | Disposed |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Loyal Textile Mills Ltd | Disposed |
To see the full case history of GB Global 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
GB Global Limited has 5 MSME Form 1 returns on record for the period ending Sep 2019, listing 683 overdue payments to 33 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| R.S.Corporation | |||
| an individual supplier | |||
| Ars Scientific Glass Co. |
To see the full MSME payment records of GB Global Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
GB Global has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Flowline Developers Private Limited | U70109MH2016PTC283980 |
To see the full group structure of GB Global Limited, buy the company report.
Employees & EPFO
GB Global Limited has a workforce of 657 employees on its EPFO records as of Apr 07, 2024, across 5 active EPFO establishments.
Employee count
657
Active EPFO establishments
5
Employee growth
-44.79%
GST
GB Global has 6 GST registrations: 1 active and 5 cancelled or inactive.
Total GSTINs
6
Active
1
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM6615M1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GB Global Limited, buy the company report.
Recent activity
GB Global Limited has 78 board changes on record since 1993: 43 appointments and 35 cessations. The latest: Dinesh Sahadev Tarfe was appointed as Additional Director on 14 Nov 2025.
Appointed
Dinesh Sahadev Tarfe was appointed as Additional Director.
AGM
Gb Global Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gb Global Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge registered on 13 Mar 2014 via Charge ID 10493364 with Allahabad Bank was fully satisfied on 03 Mar 2025.
Ceased
Harsh Jayesh Somaiya ceased to be CEO.
Appointed
Nishi Jayantilal Jain was appointed as Company Secretary.
Charges
A charge registered on 08 Apr 2015 via Charge ID 10569916 with Idbi Trusteeship Services Limited was fully satisfied on 12 Apr 2024.
Charges
A charge registered on 10 Sep 2013 via Charge ID 10452434 with Idbi Trusteeship Services Limited was fully satisfied on 12 Apr 2024.
Charges
A charge registered on 14 Jun 2013 via Charge ID 10436466 with Idbi Trusteeship Services Limited was fully satisfied on 12 Apr 2024.
Appointed
Aayush Prashant Agrawal was appointed as Director.
Appointed
Akshat Prashant Agrawal was appointed as Director.
Ceased
Shailesh Vora ceased to be Director.
151 earlier events are in the company report.
News
Frequently asked questions
GB Global is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 July 1984 (42+ years old) and is registered under CIN L17120MH1984PLC033553.
GB Global has 6 current directors:
- Vijay Thakordas Thakkar - Managing Director
- Paresh Jain - Director
- Tanam Vijay Thakkar - Director
- Dinesh Sahadev Tarfe - Additional Director
- Aayush Prashant Agrawal - Director
- Akshat Prashant Agrawal - Director
The latest financial statements of GB Global 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 GSTIN of GB Global is 29AABCM6615M1Z3, registered in Karnataka. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of GB Global is L17120MH1984PLC033553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GB Global is recorded as a listed company by MCA, but trading in its shares on BSE (533204) has been suspended, so they do not currently trade on a stock exchange.
GB Global has 208 court cases on record: 85 filed by the company and 123 filed against it. 64 are pending. Most are in the district courts.
GB Global was incorporated on 25 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
GB Global has 28 deals on record (20 market trades, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.23 Cr; the latest was in May 2021.
The peers of GB Global by revenue are Apm Industries Limited, Sada Green Industries Private Limited, Prassanna Spinning Mills Private Limited, Sivanta Spuntex Private Limited, Sri Vishnu Shankar Mill Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Dinesh Sahadev Tarfe was appointed as Additional Director on 14 Nov 2025. Harsh Jayesh Somaiya ceased to be CEO on 20 Dec 2024. Nishi Jayantilal Jain was appointed as Company Secretary on 27 Nov 2024. GB Global has 78 board changes on record in total.
Yes, GB Global is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-17-0032438).