- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-17-0032438

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. Its shares are listed on BSE: 533204 and NSE: GBGLOBAL.
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 204 cases involving the company, including 85 filed by the company and 112 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 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 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.
Name History of GB Global Limited
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 of GB Global Limited
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 |
Recognitions & Rankings of GB Global
- EmailLocked
- TelephoneLocked
- 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
- 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
- One PDF report, delivered after checkout
Associated Brands with GB Global Limited
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 of GB Global Limited
The main business activity of GB Global is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of GB Global Limited FY 2025 filings available
GB Global Limited reported revenue of ₹291.49 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of GB Global Limited
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 of GB Global Limited
| 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 of GB Global Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of GB Global are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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.
| 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 of GB Global Limited
GB Global Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apm Industries Limited Listed | ₹295.31 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bhiwadi, Rajasthan, India |
| Borana Weaves Limited | ₹295.1 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Surat, Gujarat, 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 Limited this company | ₹291.49 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | 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 |
| Vivekanand Cotspin Limited | ₹290.94 Cr (FY 2025) | •••• | •••• | •••• | Kadi, Gujarat, 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 |
Peers are the five companies nearest above and the five nearest below GB Global by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of GB Global Limited
GB Global Limited is audited by Bhuta Shah & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bhuta Shah & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of GB Global Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of GB Global Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 2016 | The Saraswat Co-Operative Bank Limited | ₹20 Cr | Satisfied |
| 23 Sep 2015 | Corporation Bank | ₹15 Cr | Satisfied |
| 08 Apr 2015 | Idbi Trusteeship Services Limited | ₹20 Cr | Satisfied |
| 12 Feb 2015 | State Bank of India | ₹90 Cr | Satisfied |
| 08 Nov 2014 | Bank of Baroda | ₹25 Cr | Satisfied |
Total charge records: 35 View all charges
Deals & Funding of GB Global Limited
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.
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 |
Full deal history
All 28 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of GB Global Limited
GB Global Limited has 204 court cases on record: 85 filed by GB Global, 112 filed against it, 7 where it is another party. 64 cases are pending and 140 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 134 | 54 | 38 |
| NCLAT | 49 | 49 | 22 |
| High courts | 21 | 9 | 4 |
Cases on record (5 of 204)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APEAL) | Filed against the company by Allbank Finance Ltd | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed against the company by Loyal Textile Mills Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Gimatex Industries Private Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by The Bank of Baroda Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by VSM Weavess India Private Limited and 33 others | Pending |
Full case history
All 204 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by GB Global Limited
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. | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at GB Global Limited
GB Global Limited has a workforce of 657 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of GB Global Limited
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| Flowline Developers Private Limited | U70109MH2016PTC283980 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on GB Global Limited
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.
151 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for GB Global Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of GB Global Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of GB Global Limited
GB Global has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM6615M1Z3 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of GB Global Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about GB Global Limited
Frequently Asked Questions about GB Global Limited
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. Listed on BSE: 533204 and NSE: GBGLOBAL.
GB Global reported revenue of ₹291.49 Cr for FY 2025 (up 3% YoY).
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
GB Global reported a net profit of ₹106.1 Cr (net margin 36.4%) and EBITDA of ₹127.31 Cr (EBITDA margin 43.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of GB Global is 44% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
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.
Yes. GB Global is listed on both BSE (code: 533204) and NSE (symbol: GBGLOBAL).
GB Global has 204 court cases on record: 85 filed by the company and 112 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, Borana Weaves Limited, Sada Green Industries Private Limited, Prassanna Spinning Mills Private Limited, Sivanta Spuntex Private Limited and 5 more, all in the Manufacturing industry (Textiles).