GCL Private Limited
About GCL Private Limited
Data last updated:
GCL Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 03 April 1996.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U29263KA1996PTC020217. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.99 Cr. It was formerly known as Gcl India Private Limited and Girish Circular Looms Private Limited. It was led by directors Sangeetha Harish Kamath and Mohammad Mallika.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at A.419/420 10th Main 2nd Stage Peenya Indistrual Estate Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2017, the company reported a revenue of ₹61.02 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹2.74 Cr (net margin -4.5%) and EBITDA of ₹2.73 Cr (EBITDA margin 4.5%).
The company had about 246 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹32.52 Cr on record. Court records list 20 cases involving the company, including 11 filed by the company and 11 filed against it; 3 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4 Cr; the latest was in March 2017. Its 5 peer companies in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Jh-Welltec Machines (India) Private Limited with revenue of ₹61.87 Cr.
Company details
Name history
GCL has undergone 2 name changes throughout its history. The company was previously known as Gcl India Private Limited, and Girish Circular Looms Private Limited. The current legal name is Gcl Private Limited.
| Company Name | Status |
|---|---|
| GCL Private Limited | Current |
| Gcl India Private Limited | Previous |
| Girish Circular Looms Private Limited | Previous |
Contact details
GCL Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressA.419/420 10th Main 2nd Stage Peenya Indistrual Estate Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of GCL Private Limited, buy the company report.
- 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
Business activity
The main business activity of GCL is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of GCL Private Limited, buy the company report.
Financials of GCL Private Limited
FY 2017 filings availableGCL Private Limited reported revenue of ₹61.02 Cr (up 27% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 27% in the latest year. EBITDA fell 60% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹61.02 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.73 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.74 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.5% | ||
| Net Profit Margin | -4.5% | ||
| 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 GCL Private Limited, buy the company report.
Board of directors of GCL Private Limited
GCL has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammad Mallika Also directs: Amaltas Retail Private Limited | Additional Director | 28 Jan 2019 | 7 Years 8 Months | As last reported |
| Sangeetha Harish Kamath Also directs: Amaltas Retail Private Limited | Director | 02 Jan 2009 | 17 Years 9 Months | As last reported |
Peer comparison
GCL Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jh-Welltec Machines (India) Private Limited | ₹61.87 Cr (FY 2024) | -21.0% | Ahmedabad, Gujarat, India | |||
| Sui Dhaaga Sewing Machines Limited | ₹61.78 Cr (FY 2025) | 20.0% | Punjab, India | |||
| GCL Private Limitedthis company | ₹61.02 Cr (FY 2017) | -₹2.74 Cr | -4.5% | 27.0% | 246 | Bangalore, Karnataka, India |
| Urban Envirotech Services Private Limited | ₹60.61 Cr (FY 2025) | 49.0% | Ghaziabad, Uttar Pradesh, India | |||
| Trishul Winding Solutions Private Limited | ₹59.94 Cr (FY 2025) | 111.0% | Karnataka, India | |||
| Yantrang CNC Automation Private Limited | ₹59.66 Cr (FY 2025) | 14.0% | Rajkot, Gujarat, India |
To see the full peer comparison of GCL Private Limited, buy the company report.
Auditor
GCL Private Limited is audited by K P RAO & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P RAO & CO | FY 2017 | 003135S |
Shareholding
The shareholding of GCL Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of GCL Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2017 | 100282392 | Canara Bank | ₹40 Lakh | Open | |
| 18 Nov 2004 | 90198511 | Canara Bank | ₹40 Lakh | Open | |
| 18 Nov 2004 | 90199777 | Canara Bank | ₹40 Lakh | Open | |
| 08 Oct 2004 | 90198490 | Canara Bank | ₹1.2 Cr | Open | |
| 12 Dec 2000 | 90197871 | Canara Bank | ₹21 Cr | Open |
To see the full charge records of GCL Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
GCL Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4 Cr; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2014 | Funding round | ₹2.25 Cr | Investors: 3 individuals |
| Mar 2012 | Funding round | ₹93 Lakh | Investors: an individual |
| Jan 2009 | Funding round | ₹82 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GCL Private Limited has 20 court cases on record: 11 filed by GCL, 11 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 1 |
| High courts | 6 | 2 | 2 |
| NCLT | 4 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (A.I.D) | Filed against the company by President, GCL Pvt Ltd., T Dasarahalli, Bengaluru 560 05 | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.I.D) | Filed by the company against M/S GCL Pvt Ltd., Nelamangala Taluk, Bengaluru 562 11 | Disposed |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by M/S Laxmi Hydraulics Pvt. Ltd. Through Prashant Kamble | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms. Jayashree Encoders Pvt. Ltd.Through A.N. Mohol. | Disposed |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by The Workmen of GCL Private Ltd | Disposed |
To see the full case history of GCL Private 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
No delayed payments to MSME suppliers are on our record for GCL Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
GCL Private Limited has a workforce of 246 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
GCL has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of GCL Private Limited, buy the company report.
Recent activity
GCL Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Mohammad Mallika was appointed as Additional Director on 28 Jan 2019.
13 earlier events are in the company report.
Frequently asked questions
GCL has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
GCL was a private limited company based in Bangalore, Karnataka, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 03 April 1996 and is registered under CIN U29263KA1996PTC020217. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
GCL was incorporated on 03 April 1996. It is registered with the Registrar of Companies, Bangalore.
GCL had 2 directors:
- Mohammad Mallika - Additional Director
- Sangeetha Harish Kamath - Director
The CIN (Corporate Identification Number) of GCL is U29263KA1996PTC020217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of GCL is at A.419420 10th Main 2nd Stage Peenya Indistrual Estate Bangalore, Karnataka, India – 560058.
The latest financial statements of GCL on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
No. GCL has 3 GST registrations on record and all of them are cancelled or inactive.
GCL operated in the machinery and equipment industry, in the process machinery and industrial equipment segment.
GCL has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4 Cr; the latest was in March 2017.
The peers of GCL by revenue are Jh-Welltec Machines (India) Private Limited, Sui Dhaaga Sewing Machines Limited, Urban Envirotech Services Private Limited, Trishul Winding Solutions Private Limited, Yantrang CNC Automation Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).