GB Global Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L17120MH1984PLC033553 Incorporated 25 July 1984 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: GBGLOBAL · BSE: 533204 Public Limited Company manufacturing MSME · Medium
Data last updated
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. 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.

Company Details of GB Global Limited
CIN L17120MH1984PLC033553
Registration Number 033553
Incorporation Date 25 July 1984
ROC Mumbai
Listing Status Listed (BSE: 533204, NSE: GBGLOBAL)
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 of GB Global Limited

GB Global has undergone 4 name changes throughout its history. The current legal name is Gb Global Limited.

Company NameStatus
GB Global LimitedCurrent
Mandhana Industries Private LimitedPrevious
Mandhana Industries LimitedPrevious
The Mandhana Industries LimitedPrevious

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.

CINStatus
L17120MH1984PLC033553Current
U17120MH1984PLC033553Previous

Recognitions & Rankings of GB Global

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-17-0032438
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    10th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri (West), Mumbai, Maharashtra, India – 400058
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for GB Global Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with GB Global Limited

GB Global operates two associated brands: GB Global and Mandhana Industries. Each brand links to its own profile.

BrandDescriptionWebsite
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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
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Financials of GB Global Limited FY 2025 filings available

GB 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) of GB Global Limited

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 of GB Global Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin43.7%••••••••••••••••
Net Profit Margin36.4%••••••••••••••••
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.

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Financial statements from 2015

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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
NameDesignationAppointment DateTenureStatus
Vijay Thakordas ThakkarManaging Director05 Jun 20215 Years 4 MonthsCurrent
Paresh JainDirector05 Jun 20215 Years 4 MonthsCurrent
Tanam Vijay ThakkarDirector05 Jun 20215 Years 4 MonthsCurrent
Dinesh Sahadev TarfeAdditional Director14 Nov 20250 Years 11 MonthsCurrent
Aayush Prashant AgrawalDirector14 Aug 20233 Years 2 MonthsCurrent
Akshat Prashant AgrawalDirector14 Aug 20233 Years 2 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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.

NameStatusAppointment DateCessation Date
Bhuta Shah & Co LLPLockedLockedLocked
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Ownership and Shareholding of GB Global Limited

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Charges & Borrowings of GB Global Limited

Open charges
₹200 Cr
Satisfied charges
₹2,116.14 Cr
Breakdown by lending institutions
Others₹690.00 Cr
Axis Bank Limited₹347.50 Cr
State Bank of Patiala₹201.30 Cr
Allahabad Bank₹200.00 Cr
Idbi Trusteeship Services Limited₹125.00 Cr
Others₹552.34 Cr
Latest charge details
DateLenderAmountStatus
16 Feb 2016The Saraswat Co-Operative Bank Limited₹20 CrSatisfied
23 Sep 2015Corporation Bank₹15 CrSatisfied
08 Apr 2015Idbi Trusteeship Services Limited₹20 CrSatisfied
12 Feb 2015State Bank of India₹90 CrSatisfied
08 Nov 2014Bank of Baroda₹25 CrSatisfied

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.

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)

WhenDealAmountParties
Dec 2018Secondary share transferUndisclosedBuyer: Mahan Synthetic Textiles Private Limited , 3 individuals
Seller: 4 individuals
Dec 2016Market trade₹58.3 LakhSeller: Olumpus Trading & Advisory LLP
Sep 2016Market trade₹1.46 CrBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited
Sep 2016Market trade₹4.06 CrBuyer: NBN Fintrade Private Limited
Seller: NBN Fintrade Private Limited
Aug 2016Market trade₹4.29 CrSeller: Stci Finance Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

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)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
R.S.Corporation••••••••••••
an individual supplier••••••••••••
Ars Scientific Glass Co.••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.

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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 count
657
Active EPFO establishments
5
Employee growth
-44.79%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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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.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Flowline Developers Private LimitedU70109MH2016PTC283980Locked

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.

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 listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for GB Global Limited

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Subsidiaries & Group Companies of GB Global Limited

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Corporate group structure

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GST Compliance of GB Global Limited

GB Global has 6 GST registrations: 1 active and 5 cancelled or inactive.

Total GSTINs
6
Active
1
Cancelled / inactive
5
GSTINStateStatusRegistered on
29AABCM6615M1Z3KarnatakaActive01 Jul 2017
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MCA Filings & Documents of GB Global Limited

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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:

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).

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