About Gb Global Limited
Data last updated: 14 July 2026
Gb Global Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Dev Land & Housing Private Limited. It specialises in textile and fabric production, a part of the broader manufacturing sector. Incorporated on 25 July 1984, the company has been in operation for over 42 years.
Registered with ROC Mumbai under CIN L17120MH1984PLC033553. Listed on BSE: 533204 and NSE: GBGLOBAL.
Capital: an authorised share capital of ₹110 Cr and a paid-up capital of ₹50.03 Cr. Formerly known as Mandhana Industries Private Limited and Mandhana Industries Limited. It is led by directors including Vijay Thakordas Thakkar and Paresh Jain.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 10Th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri (West), Mumbai, Maharashtra, India – 400058.
As per NSE-filed consolidated financials for FY 2024, the company reported a revenue of ₹219.3 Cr, a growth of 71.41% compared to the previous year. The net worth stands at ₹278.9 Cr (up 16.87% YoY). Total assets are valued at ₹681.36 Cr (up 23.69% YoY).
The company has a workforce of approximately 657 employees as per the latest available data. It operates as a subsidiary of Dev Land & Housing Private Limited. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Gb Global, Mandhana Industries. As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹2,116.14 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 gbglobal.in.
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Registered Address10Th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri (West), Mumbai, Maharashtra, India – 400058
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IndustryManufacturing, Textile & Fabric Production
- 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
Name History of Gb Global Limited
Gb Global Limited has undergone 4 name changes throughout its history. The current legal name is Gb Global Limited, reflecting the company's evolution and rebranding over time.
| 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 Limited 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 |
Associated Brands with Gb Global Limited
Gb Global Limited operates two associated brands: GB Global and Mandhana Industries. These brands represent Gb Global Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Gb Global Limited
Brands and companies operating in the same space as Gb Global Limited include Gokaldas Exports, Radhamani Group, Brand Concepts and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Gokaldas Exports
|
Apparel and clothing are manufactured and exported on contract. | Bengaluru, India, India | 1979 |
Radhamani Group
|
Sustainable garment manufacturing solutions are provided comprehensively. | Bengaluru, India, India | 2008 |
Brand Concepts
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Contract manufacturing of bags, belts, wallets, and accessories is conducted. | Indore, India, India | 2007 |
Cupid
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Contract manufacturer of male & female condoms | Nashik, India, India | 1993 |
Shahi
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Garments are contract-manufactured by Shahi in apparel production. | Faridabad, India, India | 1974 |
Eastman Exports
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Apparel products are manufactured under contract in India. | Tiruppur, India, India | 2003 |
Barcelona Club
|
Men's wear is contract-manufactured by Barcelona Club in India. | Ahmedabad, India, India | 2015 |
SAPL Industries
|
Offers product development and manufacturing services to business customers in India. | Mumbai, India, India | 2001 |
Gokaldas Images
|
Gokaldas Images is recognized as a pioneer in Indian apparel manufacturing. | Bengaluru, India, India | 1979 |
Business Activity of Gb Global Limited
Gb Global Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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 for Gb Global Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Gb Global Limited
Gb Global Limited is audited by Bhuta Shah & Co LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bhuta Shah & Co LLP | Locked | Locked | Locked |
Complete auditor history for Gb Global Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Gb Global Limited
Gb Global Limited is currently managed by 6 directors, with 39 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 |
|---|---|---|---|---|
| Vijay Thakordas Thakkar | Managing Director | 05 Jun 2021 | 5 Years 2 Months | Current |
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Paresh Jain
Also directs:
Ariona Professional Services Private Limited
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Director | 05 Jun 2021 | 5 Years 2 Months | Current |
| Tanam Vijay Thakkar | Director | 05 Jun 2021 | 5 Years 2 Months | Current |
|
Dinesh Sahadev Tarfe
Also directs:
Mars Realtors Private Limited
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Additional Director | 14 Nov 2025 | 0 Years 9 Months | Current |
| Aayush Prashant Agrawal | Director | 14 Aug 2023 | 3 Years 0 Months | Current |
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Akshat Prashant Agrawal
Also directs:
Epic Polyester Llp, Ashwell Minerals Private Limited, Epic Yarns Private Limited and 3 more
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Director | 14 Aug 2023 | 3 Years 0 Months | Current |
Financials of Gb Global Limited FY 2024 filings available
Gb Global Limited reported revenue of ₹219.3 Cr (up 71.41% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Revenue from Operations | ₹219.3 Cr | ₹127.94 Cr |
| Other Income | ₹62.76 Cr | ₹89.72 Cr |
| Total Income | ₹282.06 Cr | ₹217.66 Cr |
| Cost of Materials Consumed | ₹182.05 Cr | ₹97.79 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹10.26 Cr |
| Changes in Inventories | -₹70.08 Cr | -₹62.81 Cr |
| Employee Benefit Expense | ₹18.89 Cr | ₹17.86 Cr |
| Finance Costs | ₹1.2 Cr | ₹50.79 Lakh |
| Depreciation & Amortisation | ₹21.33 Cr | ₹28.71 Cr |
| Other Expenses | ₹95.27 Cr | ₹99.27 Cr |
| Total Expenses | ₹248.66 Cr | ₹191.59 Cr |
| Profit Before Exceptional Items & Tax | ₹33.4 Cr | ₹26.07 Cr |
| Exceptional Items | ₹0 | ₹0 |
| Profit Before Tax | ₹33.4 Cr | ₹26.07 Cr |
| Total Tax Expense | -₹6.79 Cr | -₹38.39 Lakh |
| Net Profit | ₹40.18 Cr | ₹26.46 Cr |
| attributable to Owners | ₹0 | ₹0 |
| attributable to NCI | ₹0 | ₹0 |
| Other Comprehensive Income | ₹6.79 Lakh | ₹67.3 Lakh |
| Total Comprehensive Income | ₹40.25 Cr | ₹27.13 Cr |
| EBITDA (computed) | ₹55.93 Cr | ₹55.29 Cr |
| Basic EPS | ₹8.03 | ₹5.29 |
| Diluted EPS | ₹8.03 | ₹5.29 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹681.36 Cr | ₹550.87 Cr |
| Non-current Assets | ₹252.98 Cr | ₹281.64 Cr |
| Current Assets | ₹428.38 Cr | ₹269.23 Cr |
| Property, Plant & Equipment | ₹230.5 Cr | ₹266.86 Cr |
| Inventories | ₹270.39 Cr | ₹197.06 Cr |
| Trade Receivables | ₹29.28 Cr | ₹7.22 Cr |
| Cash & Equivalents | ₹25.88 Cr | ₹47.39 Cr |
| Equity (Net Worth) | ₹278.9 Cr | ₹238.65 Cr |
| Equity Share Capital | ₹50.03 Cr | ₹50.03 Cr |
| Borrowings (Non-current) | ₹40.9 Cr | ₹33.72 Cr |
| Borrowings (Current) | ₹0 | ₹0 |
| Total Debt (computed) | ₹40.9 Cr | ₹33.72 Cr |
| Current Liabilities | ₹279.28 Cr | ₹189.68 Cr |
| Total Liabilities | ₹402.45 Cr | ₹312.22 Cr |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Operating Cash Flow | ₹13.24 Cr | -₹105.02 Cr |
| Investing Cash Flow | ₹4.83 Cr | ₹144.57 Cr |
| Financing Cash Flow | ₹6.38 Cr | -₹41.3 Cr |
| Capital Expenditure | ₹47.2 Lakh | ₹5.84 Cr |
| Free Cash Flow (computed) | ₹12.77 Cr | -₹110.86 Cr |
| Dividends Paid | ₹0 | ₹0 |
| Net Change in Cash | ₹24.45 Cr | -₹1.74 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Garment | ₹0 | ₹0 | - | - |
| Infrastructure Projects | ₹0 | -₹20.51 Lakh | - | - |
| Others | ₹62.76 Cr | ₹0 | - | - |
| Textiles | ₹219.3 Cr | ₹34.81 Cr | - | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹219.3 Cr | ₹127.94 Cr | ₹74.54 Cr | ₹67.1 Cr | ₹259.78 Cr |
| Other Income | ₹62.39 Cr | ₹89.72 Cr | ₹22.78 Cr | ₹1.99 Cr | ₹7.09 Cr |
| Total Income | ₹281.69 Cr | ₹217.66 Cr | ₹97.32 Cr | ₹69.09 Cr | ₹266.88 Cr |
| Cost of Materials Consumed | ₹163.31 Cr | ₹97.79 Cr | ₹34.75 Cr | ₹10.09 Cr | ₹77.2 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹14.82 Cr | ₹0 | ₹0 |
| Changes in Inventories | -₹4.33 Cr | ₹1.89 Lakh | ₹89.97 Lakh | ₹11.49 Cr | ₹14.64 Cr |
| Employee Benefit Expense | ₹18.85 Cr | ₹17.86 Cr | ₹16.33 Cr | ₹36.86 Cr | ₹66.4 Cr |
| Finance Costs | ₹1.2 Cr | ₹50.41 Lakh | ₹24.32 Lakh | ₹75.7 Lakh | ₹92.2 Lakh |
| Depreciation & Amortisation | ₹21.33 Cr | ₹28.71 Cr | ₹36.75 Cr | ₹40.93 Cr | ₹40.89 Cr |
| Other Expenses | ₹47.71 Cr | ₹46.62 Cr | ₹45.68 Cr | ₹69.79 Cr | ₹129.01 Cr |
| Total Expenses | ₹248.08 Cr | ₹191.51 Cr | ₹149.47 Cr | ₹169.92 Cr | ₹329.05 Cr |
| Profit Before Exceptional Items & Tax | ₹33.6 Cr | ₹26.15 Cr | -₹52.14 Cr | -₹100.83 Cr | -₹62.18 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹1,155.71 Cr | -₹5.26 Cr | ₹0 |
| Profit Before Tax | ₹33.6 Cr | ₹26.15 Cr | ₹1,103.57 Cr | -₹106.09 Cr | -₹62.18 Cr |
| Total Tax Expense | -₹6.78 Cr | -₹38.39 Lakh | -₹7.19 Cr | -₹4.24 Cr | -₹18.87 Cr |
| Net Profit | ₹40.39 Cr | ₹26.54 Cr | ₹1,110.76 Cr | -₹101.85 Cr | -₹43.31 Cr |
| Other Comprehensive Income | ₹6.79 Lakh | ₹67.3 Lakh | -₹2.57 Cr | ₹2.01 Cr | -₹25.62 Lakh |
| Total Comprehensive Income | ₹40.46 Cr | ₹27.21 Cr | ₹1,108.2 Cr | -₹99.84 Cr | -₹43.57 Cr |
| EBITDA (computed) | ₹56.14 Cr | ₹55.37 Cr | -₹15.15 Cr | -₹59.14 Cr | -₹20.36 Cr |
| Basic EPS | ₹8.07 | ₹4.35 | ₹543.34 | ₹-301.23 | ₹-131.45 |
| Diluted EPS | ₹8.07 | ₹4.35 | ₹266.28 | ₹-301.23 | ₹-131.45 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹604.88 Cr | ₹509.8 Cr |
| Non-current Assets | ₹440.84 Cr | ₹420.31 Cr |
| Current Assets | ₹164.04 Cr | ₹89.49 Cr |
| Property, Plant & Equipment | ₹230.5 Cr | ₹266.86 Cr |
| Inventories | ₹12.07 Cr | ₹4.49 Cr |
| Trade Receivables | ₹29.28 Cr | ₹7.22 Cr |
| Cash & Equivalents | ₹25.86 Cr | ₹46.61 Cr |
| Equity (Net Worth) | ₹279.41 Cr | ₹238.95 Cr |
| Equity Share Capital | ₹50.03 Cr | ₹50.03 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 |
| Current Liabilities | ₹243.2 Cr | ₹182.02 Cr |
| Total Liabilities | ₹325.47 Cr | ₹270.85 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Operating Cash Flow | ₹21.55 Cr | -₹48.42 Cr | -₹155.76 Cr | -₹3.08 Cr |
| Investing Cash Flow | ₹4.47 Cr | ₹144.7 Cr | ₹7.57 Cr | ₹1.05 Cr |
| Financing Cash Flow | -₹80.58 Lakh | -₹98.18 Cr | ₹148.72 Cr | -₹2.1 Cr |
| Capital Expenditure | ₹47.2 Lakh | ₹5.84 Cr | ₹1.35 Cr | ₹11.52 Lakh |
| Free Cash Flow (computed) | ₹21.08 Cr | -₹54.26 Cr | -₹157.11 Cr | -₹3.19 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹25.21 Cr | -₹1.9 Cr | ₹53.01 Lakh | -₹4.12 Cr |
| Segment · FY 2022 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Garments | ₹16.17 Cr | -₹15.44 Cr | - | - |
| Textiles | ₹58.38 Cr | -₹36.46 Cr | - | - |
Ownership and Shareholding of Gb Global Limited
Shareholding and ownership data for Gb Global Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Group Structure of Gb Global Limited
Gb Global Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Gb Global Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Flowline Developers Private Limited | U70109MH2016PTC283980 | - |
Showing major subsidiaries. Total: 1.
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
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 for Gb Global Limited
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GST Compliance of Gb Global Limited
GST registrations and filing compliance for Gb Global Limited
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Credit Ratings, Litigation & Regulatory Alerts for Gb Global Limited
Credit ratings, litigation, and regulatory alerts for Gb Global Limited
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MSME Payment Delays by Gb Global Limited
MSME payment history for Gb Global Limited
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Subsidiaries & Group Companies of Gb Global Limited
Corporate group structure for Gb Global Limited
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MCA Filings & Documents of Gb Global Limited
MCA filings and documents for Gb Global Limited
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Recent Activity on Gb Global Limited
Recent News on Gb Global Limited
Frequently Asked Questions about Gb Global Limited
Gb Global Limited is an active public limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 25 July 1984 (42+ years old) and is registered under CIN L17120MH1984PLC033553. Listed on BSE: 533204 and NSE: GBGLOBAL. The company has 657 employees.
Gb Global Limited reported revenue of ₹219.3 Cr for FY 2024 (up 71.41% YoY) based on consolidated NSE filings.
The current directors of Gb Global Limited are:
- 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 primary industry of Gb Global Limited is manufacturing. The company specifically operates in textile and fabric production. The company is currently active in this sector.
Yes. Gb Global Limited is listed on both BSE (code: 533204) and NSE (symbol: GBGLOBAL).
Gb Global Limited can be reached at the registered office: 10Th Floor Dev Plaza Opp. Andheri Fire Station S. V. Road Andheri West, Mumbai, Maharashtra, India – 400058, or through the website gbglobal.in.