MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0044986
Gibam India Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.65 Cr
▼ 41% YoY
Net loss · FY 2024
₹5.53 Cr
Net margin -83.1%
EBITDA · FY 2024
-₹5.14 Cr
EBITDA margin -77.4%
Authorised capital
₹13.5 Cr
Registered with MCA
Paid-up capital
₹12.58 Cr
Issued & subscribed
Open charges
₹1.75 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
18
Provident fund records
About Gibam India Private Limited
Data last updated:
Gibam India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Gibam Shops Spa. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 31 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36102MH2007PTC171224. Its GSTIN is 27AABCI6894G1Z7 (Maharashtra).
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹12.58 Cr. It was formerly known as Indyfit Shopfittings India Private Limited. It is led by directors including Sudhir Thattarat Balakrishnan (Managing Director) and Marco Bosio.
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 Grflr – 1 Joma Residency Shimpoli Road, Borivali (W) Shimpoli Gaonthan Mumbai – 400092, Maharashtra, India – 400092.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.65 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹5.53 Cr (net margin -83.1%) and EBITDA of -₹5.14 Cr (EBITDA margin -77.4%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 7% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.75 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are pending.
Gibam India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0044986). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gibam.in.
Company details
CIN U36102MH2007PTC171224
Registration Number 171224
Incorporation Date 31 May 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Gibam Shops Spa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0044986
Key People
Sudhir Thattarat Balakrishnan Managing Director Marco Bosio Director Mirco Giovanelli Director Recognitions & Rankings of Gibam India
Contact details
Gibam India Private Limited's registered office is in Mumbai, Maharashtra. Its website is gibam.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGrflr – 1 Joma Residency Shimpoli Road, Borivali (W) Shimpoli Gaonthan Mumbai – 400092, Maharashtra, India – 400092
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Gibam India Private Limited, buy the company report.
Comprehensive company report
Gibam India Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Gibam India is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Gibam India Private Limited, buy the company report.
Financials of Gibam India Private Limited
FY 2025 filings availableGibam India Private Limited reported revenue of ₹6.65 Cr (down 41% YoY) for FY 2024.
Revenue · FY 2024
₹6.65 Cr ▼ 41%
Net loss · FY 2024
₹5.53 Cr margin -83.1%
EBITDA · FY 2024
-₹5.14 Cr margin -77.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 41%
3 years · compounded
▲ 34%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 522%
3 years · compounded
▼ 109%
5 years · compounded
▼ 51%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 41% fall in the latest year. EBITDA fell 522% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹5.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.53 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -77.4% | ||||
| Net Profit Margin | -83.1% | ||||
| 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 Gibam India Private Limited, buy the company report.
Board of directors of Gibam India Private Limited
Gibam India has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Thattarat Balakrishnan | Managing Director | 09 Dec 2023 | 2 Years 10 Months | Current |
| Marco Bosio | Director | 05 Jan 2016 | 10 Years 9 Months | Current |
| Mirco Giovanelli | Director | 05 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Gibam India Private Limited is audited by D K V & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D K V & ASSOCIATES | FY 2020 | 128192W |
Shareholding
The shareholding of Gibam India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gibam India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2015 | 10588887 | Others | ₹1.75 Cr | Open |
To see the full charge records of Gibam India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Gibam India Private Limited has 6 court cases on record: 4 filed by Gibam India, 2 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Brick and Byte Innovative Products Pvt. Ltd. Through Its Account Executive | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Disposed |
To see the full case history of Gibam India 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 Gibam India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gibam India Private Limited has a workforce of 18 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-66.67%
GST
Gibam India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6894G1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gibam India Private Limited, buy the company report.
Recent activity
Gibam India Private Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Sudhir Thattarat Balakrishnan was appointed as Managing Director on 09 Dec 2023.
AGM
Gibam India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gibam India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Sudhir Thattarat Balakrishnan was appointed as Managing Director.
Ceased
Jagmeet Singh ceased to be Additional Director.
Charges
A charge with Others of Rs. 1.75 Cr registered on 15 May 2015 with Charge ID 10588887 was modified on 24 May 2019.
Ceased
Mahalakshmi Subramanian ceased to be Director.
Ceased
Subramanian Thinniam Srinivasan ceased to be Managing Director.
Ceased
Sudhir Thattarat Balakrishnan ceased to be Additional Director.
Ceased
Marco Bosio ceased to be Additional Director.
Appointed
Marco Bosio was appointed as Director.
Charges
A charge with Others amounted to Rs. 1.75 Cr with Charge ID 10588887 was registered on 15 May 2015.
Appointed
Mirco Giovanelli was appointed as Director.
7 earlier events are in the company report.
Frequently asked questions
Gibam India is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 31 May 2007 (19+ years old) and is registered under CIN U36102MH2007PTC171224.
Gibam India has 3 current directors:
- Sudhir Thattarat Balakrishnan - Managing Director
- Marco Bosio - Director
- Mirco Giovanelli - Director
The latest financial statements of Gibam India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gibam India is 27AABCI6894G1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Gibam India is U36102MH2007PTC171224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gibam India has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Gibam India was incorporated on 31 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Sudhir Thattarat Balakrishnan was appointed as Managing Director on 09 Dec 2023. Jagmeet Singh ceased to be Additional Director on 26 Sep 2023. Mahalakshmi Subramanian ceased to be Director on 27 Sep 2017. Gibam India has 14 board changes on record in total.
Yes, Gibam India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0044986).
Gibam India can be reached through the website gibam.in. Its registered office is in Mumbai, Maharashtra, India.
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