About Gian Chand and Sons Private Limited
Data last updated:
Gian Chand and Sons Private Limited is a private limited company based in Ludhiana, Punjab, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 April 1988.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18100PB1988PTC008266. Its GSTIN is 03AAACG5913F1Z4 (Punjab).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.29 Cr. It is led by directors Gulshan Rai (Managing Director) and Shobh Nath Singh.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Village Bazra Rahon Road, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2018, the company reported a revenue of ₹94.58 Cr. For the same year it recorded a net loss of ₹19.61 Cr (net margin -20.7%) and EBITDA of -₹10.99 Cr (EBITDA margin -11.6%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹66.26 Cr and satisfied charges of ₹13.85 Cr on record. Court records list 20 cases involving the company, including 7 filed by the company and 13 filed against it; 2 cases are pending.
The last known website on record is gianchandsons.com.
Company details
Contact details
Gian Chand and Sons Private Limited's registered office is in Ludhiana, Punjab. Its website is gianchandsons.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVillage Bazra Rahon Road, Ludhiana, Punjab, India – 141007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Gian Chand and Sons 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 Gian Chand and Sons 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 Gian Chand and Sons Private Limited, buy the company report.
Financials of Gian Chand and Sons Private Limited
FY 2018 filings availableGian Chand and Sons Private Limited reported revenue of ₹94.58 Cr for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years. EBITDA fell 311% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹94.58 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹10.99 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹19.61 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -11.6% | |||
| Net Profit Margin | -20.7% | |||
| 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 Gian Chand and Sons Private Limited, buy the company report.
Board of directors of Gian Chand and Sons Private Limited
Gian Chand and Sons has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gulshan Rai | Managing Director | 11 Apr 1988 | 38 Years 7 Months | As last reported |
| Shobh Nath Singh | Director | 17 May 2018 | 8 Years 5 Months | As last reported |
Peer comparison
Gian Chand and Sons Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Radheshyam Ginning Pressing Private Limited | ₹94.82 Cr (FY 2025) | 52.0% | Amreli, Gujarat, India | |||
| Riddhi Siddhi Cotfiber Private Limited | ₹94.81 Cr (FY 2025) | 5.0% | Gondal, Gujarat, India | |||
| Naveen Cotton Mill Private Limited | ₹94.65 Cr (FY 2024) | -18.0% | Tirupur, Tamil Nadu, India | |||
| Gian Chand and Sons Private Limitedthis company | ₹94.58 Cr (FY 2018) | -₹19.61 Cr | -20.7% | Ludhiana, Punjab, India | ||
| S E Textiles Private Limited | ₹94.54 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Yogi Cotex Private Limited | ₹94.54 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Gopal Creation Private Limited | ₹94.52 Cr (FY 2025) | 24.0% | Surat, Gujarat, India | |||
| Gujarat Hy - Spin Limited | ₹94.34 Cr (FY 2024) | 50.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Gian Chand and Sons Private Limited, buy the company report.
Auditor
Gian Chand and Sons Private Limited is audited by PARVEEN MALHOTRA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARVEEN MALHOTRA & CO | FY 2018 | 023396N |
Shareholding
The shareholding of Gian Chand and Sons Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gian Chand and Sons Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2018 | 100156851 | Others | ₹70 Lakh | Open | |
| 04 Dec 2017 | 100145300 | Others | ₹2.4 Cr | Open | |
| 29 Sep 2017 | 100126947 | Others | ₹11.85 Cr | Open | |
| 29 Aug 2017 | 100123576 | Others | ₹18.23 Cr | Open | |
| 23 Sep 2016 | 100055782 | Others | ₹3 Cr | Open |
To see the full charge records of Gian Chand and Sons Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Gian Chand and Sons Private Limited has 20 court cases on record: 7 filed by Gian Chand and Sons, 13 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 2 |
| High courts | 7 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Can Bank Factors Ltd | Pending |
| High Court, PUNJAB | Court case (CRR) | Filed by the company against Can Bank Factors Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Court case (CRR) | Filed against the company by an individual | Disposed |
| High Court, PUNJAB | Criminal miscellaneous application | Filed against the company by M/S Mahavir Traders and 1 other | Disposed |
To see the full case history of Gian Chand and Sons 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.
Credit ratings & regulatory alerts
Gian Chand and Sons Private Limited was last rated by Crisil on 14 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Sep 2020 |
To see the full credit ratings and regulatory alerts of Gian Chand and Sons Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gian Chand and Sons Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gian Chand and Sons has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACG5913F1Z4 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gian Chand and Sons Private Limited, buy the company report.
Recent activity
Gian Chand and Sons Private Limited has 4 board changes on record since 1988: 2 appointments and 2 cessations. The latest: Kashish Aggarwal ceased to be Director on 17 May 2018.
23 earlier events are in the company report.
Frequently asked questions
Gian Chand and Sons is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Gian Chand and Sons is a company under liquidation, formerly operating as a private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 April 1988 and is registered under CIN U18100PB1988PTC008266. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gian Chand and Sons has 2 current directors:
- Gulshan Rai - Managing Director
- Shobh Nath Singh - Director
The latest financial statements of Gian Chand and Sons on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gian Chand and Sons is U18100PB1988PTC008266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gian Chand and Sons has open charges of ₹66.26 Cr and satisfied charges of ₹13.85 Cr as per latest MCA filings.
Gian Chand and Sons has 20 court cases on record: 7 filed by the company and 13 filed against it. 2 are pending. Most are in the district courts.
Gian Chand and Sons was incorporated on 11 April 1988. It is registered with the Registrar of Companies, Chandigarh.
The peers of Gian Chand and Sons by revenue are Radheshyam Ginning Pressing Private Limited, Riddhi Siddhi Cotfiber Private Limited, Naveen Cotton Mill Private Limited, S E Textiles Private Limited, Yogi Cotex Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kashish Aggarwal ceased to be Director on 17 May 2018. Shobh Nath Singh was appointed as Director on 17 May 2018. Anupam Gupta ceased to be Director on 28 Feb 2018. Gian Chand and Sons has 4 board changes on record in total.
Gian Chand and Sons can be reached through the website gianchandsons.com. Its registered office is in Ludhiana, Punjab, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
