About Glass Palace Private Limited
Data last updated:
Glass Palace Private Limited was a private limited company based in Chandigarh, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 08 October 2010.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U36990CH2010PTC032498. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was led by directors Kanta Gupta and Varun Gupta.
Its last annual general meeting (AGM) was held on 20 April 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at SCO 43 Madhya Marg Sector 7 C, Chandigarh, India – 160019.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.5 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹23.25 Lakh (net margin 125.7%) and EBITDA of ₹27.17 Lakh (EBITDA margin 146.8%). Revenue has declined at a compounded annual rate (CAGR) of 214% over three years and 24% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹13.35 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 3 cases are pending.
The last known website on record is glasspalace.in.
Company details
Contact details
Glass Palace Private Limited's registered office is in Chandigarh, Chandigarh. Its website is glasspalace.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSCO 43 Madhya Marg Sector 7 C, Chandigarh, India – 160019
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Glass Palace 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 Glass Palace is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Glass Palace Private Limited, buy the company report.
Financials of Glass Palace Private Limited
FY 2024 filings availableGlass Palace Private Limited reported revenue of ₹18.5 Lakh (down 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 47% fall in the latest year. EBITDA rose 451% 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 |
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| EBITDA | ₹27.17 Lakh | ||||
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| Net Profit (PAT) | ₹23.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 146.8% | ||||
| Net Profit Margin | 125.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Glass Palace Private Limited, buy the company report.
Board of directors of Glass Palace Private Limited
Glass Palace has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanta Gupta Also directs: Palm Valley Lifestyle Private Limited | Director | 20 Mar 2015 | 11 Years 7 Months | As last reported |
| Varun Gupta Also directs: Glass Palace LLP | Director | 05 Dec 2014 | 11 Years 11 Months | As last reported |
Peer comparison
Glass Palace Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indy Furniture and Lifestyle Private Limited | ₹18.99 Lakh (FY 2024) | -52.0% | Palghar, Maharashtra, India | |||
| Edge B Systems and Furnishers Private Limited | ₹18.79 Lakh (FY 2022) | 833.0% | New Delhi, Delhi, India | |||
| Glass Palace Private Limitedthis company | ₹18.5 Lakh (FY 2024) | ₹23.25 Lakh | 125.7% | -47.0% | 3 | Chandigarh, India |
| Lite & Dine Private Limited | ₹18 Lakh (FY 2025) | 998.0% | Thane, Maharashtra, India | |||
| One Good Chair Private Limited | ₹17.55 Lakh (FY 2025) | 106.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Glass Palace Private Limited, buy the company report.
Auditor
Glass Palace Private Limited is audited by P K VASUDEVA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K VASUDEVA & CO | FY 2019 | 000724N |
Shareholding
The shareholding of Glass Palace Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Glass Palace Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2014 | 10522857 | Capital First Limited | ₹2.29 Cr | Satisfied | |
| 22 Aug 2013 | 10450368 | Canara Bank | ₹52 Lakh | Satisfied | |
| 21 Jun 2013 | 10437417 | Canara Bank | ₹2 Cr | Satisfied | |
| 24 Aug 2012 | 10375883 | State Bank of Patiala | ₹40 Lakh | Satisfied | |
| 29 Mar 2012 | 10345523 | Future Capital Holdings Limited | ₹8.14 Cr | Satisfied |
To see the full charge records of Glass Palace Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Glass Palace Private Limited has 14 court cases on record: 2 filed by Glass Palace, 12 filed against it. 3 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 1 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHANDIGARH (UT) | Appeal | Filed by the company against United India Insurance Company Ltd. and 5 others | Pending |
| District court, Chandigarh | Execution petition | Filed against the company by Capital First Ltd | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Ms Capital First Limited | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Wipro Enterprises Ltd | Disposed |
| High Court, PUNJAB | Appeal | Filed against the company by an individual | Pending |
To see the full case history of Glass Palace 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 Glass Palace Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Glass Palace Private Limited has a workforce of 3 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Glass Palace has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Glass Palace Private Limited, buy the company report.
Recent activity
Glass Palace Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Ajay Gupta ceased to be Director on 25 Nov 2017.
8 earlier events are in the company report.
Frequently asked questions
Glass Palace has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Glass Palace was a private limited company based in Chandigarh, India. The company worked in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 08 October 2010 and is registered under CIN U36990CH2010PTC032498. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Glass Palace is U36990CH2010PTC032498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glass Palace had 2 directors:
- Kanta Gupta - Director
- Varun Gupta - Director
Glass Palace was incorporated on 08 October 2010. It is registered with the Registrar of Companies, Chandigarh.
Glass Palace can be reached through the website glasspalace.in. Its registered office is in Chandigarh, India.
The registered office of Glass Palace is at SCO 43 Madhya Marg Sector 7 C, Chandigarh, India – 160019.
The latest financial statements of Glass Palace on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 April 2024. Year-wise statements from 2015 are in the company report.
No. Glass Palace has 1 GST registration on record and it is cancelled or inactive.
Glass Palace operated in the consumer electronics and durables industry, in the furniture retail and distribution segment.
The peers of Glass Palace by revenue are Indy Furniture and Lifestyle Private Limited, Edge B Systems and Furnishers Private Limited, Lite & Dine Private Limited, One Good Chair Private Limited, all in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (retail trading).
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