GLFL Securties Limited
About GLFL Securties Limited
Data last updated:
GLFL Securties Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Gujarat Lease Financing Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial brokerage segment of the financial services sector. It was incorporated on 07 December 1993.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1993PLC020780.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.5 Cr. It was led by directors including Pradip Jayantilal Mehta and Harnish Jayantilal Patel.
Its last annual general meeting (AGM) was held on 07 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 6th Floor Hasubhai Chambers Opp.Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.82 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹55,101 (net margin 11.4%) and EBITDA of ₹55,101 (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
Company details
Contact details
GLFL Securties Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6th Floor Hasubhai Chambers Opp.Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Financial Brokerage, Advisory, Consultancy
To see the full contact details of GLFL Securties 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 GLFL Securties is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
Financials of GLFL Securties Limited
FY 2018 filings availableGLFL Securties Limited reported revenue of ₹4.82 Lakh (up 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over three years, including 4% growth in the latest year. EBITDA rose 224% 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 |
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| EBITDA | ₹55,101 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹55,101 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.4% | |||
| Net Profit Margin | 11.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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To see the full financial statements and ratios of GLFL Securties Limited, buy the company report.
Board of directors of GLFL Securties Limited
GLFL Securties has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Jayantilal Mehta Also directs: Radiant Urja LLP, Latur Renewable Private Limited, Jodhpur Wind Farms Private Limited and 5 more | Director | 27 Jan 2011 | 15 Years 9 Months | As last reported |
| Harnish Jayantilal Patel | Director | 21 Dec 2000 | 25 Years 10 Months | As last reported |
| Vasantlal Ambalal Shah | Director | 31 Mar 1994 | 32 Years 7 Months | As last reported |
Peer comparison
GLFL Securties Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Caliber Securities Private Limited | ₹4.84 Lakh (FY 2016) | -49.0% | Hyderabad, Telangana, India | |||
| Sumeru Wealth Private Limited | ₹4.82 Lakh (FY 2025) | -52.0% | Kota, Rajasthan, India | |||
| Point Apparels Pvt.Ltd. | ₹4.82 Lakh (FY 2024) | 15.0% | Kolkata, West Bengal, India | |||
| Corpraiz Solutions Private Limited | ₹4.82 Lakh (FY 2021) | 6.0% | Kozhikode, Kerala, India | |||
| RMG Transaction Advisory Private Limited | ₹4.82 Lakh (FY 2017) | -79.0% | New Delhi, Delhi, India | |||
| GLFL Securties Limitedthis company | ₹4.82 Lakh (FY 2018) | ₹55,101 | 11.4% | 4.0% | Ahmedabad, Gujarat, India | |
| Imperier Holdings Private Limited | ₹4.81 Lakh (FY 2024) | -67.0% | Lucknow, Uttar Pradesh, India | |||
| Polycon Craft Private Limited | ₹4.81 Lakh (FY 2024) | 11.0% | Bhopal, Madhya Pradesh, India | |||
| Mak Finconsult Private Limited | ₹4.81 Lakh (FY 2025) | 43.0% | Ahmedabad, Gujarat, India | |||
| RRB Foundations Private Limited | ₹4.8 Lakh (FY 2017) | -16.0% | Mumbai, Maharashtra, India | |||
| Sharvin Marketing Private Limited | ₹4.8 Lakh (FY 2025) | 12.0% | Delhi, India |
To see the full peer comparison of GLFL Securties Limited, buy the company report.
Auditor
GLFL Securties Limited is audited by PANKAJ B SHAH & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANKAJ B SHAH & CO. | FY 2017 | 107343W |
Shareholding
The shareholding of GLFL Securties Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of GLFL Securties Limited, buy the company report.
Legal cases
No court or tribunal cases involving GLFL Securties Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for GLFL Securties Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for GLFL Securties Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
GLFL Securties Limited has 5 board changes on record since 1994: 3 appointments and 2 cessations. The latest: Pradip Jayantilal Mehta ceased to be Additional Director on 12 Sep 2011.
Frequently asked questions
GLFL Securties has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
GLFL Securties was a public limited company based in Ahmedabad, Gujarat, India. The company worked in financial brokerage, within the financial services industry. It was incorporated on 07 December 1993 and is registered under CIN U67120GJ1993PLC020780. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
GLFL Securties was incorporated on 07 December 1993. It is registered with the Registrar of Companies, Ahmedabad.
GLFL Securties had 3 directors:
- Pradip Jayantilal Mehta - Director
- Harnish Jayantilal Patel - Director
- Vasantlal Ambalal Shah - Director
The CIN (Corporate Identification Number) of GLFL Securties is U67120GJ1993PLC020780. 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 GLFL Securties is at 6th Floor Hasubhai Chambers Opp.Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006.
The latest financial statements of GLFL Securties on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 07 August 2018. Year-wise statements from 2015 are in the company report.
GLFL Securties operated in the financial services industry, in the financial brokerage segment.
The peers of GLFL Securties by revenue are Caliber Securities Private Limited, Sumeru Wealth Private Limited, Point Apparels Pvt.Ltd, Corpraiz Solutions Private Limited, RMG Transaction Advisory Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Pradip Jayantilal Mehta ceased to be Additional Director on 12 Sep 2011. Ajay Vasantbhai Mehta ceased to be Director on 27 Jan 2011. Pradip Jayantilal Mehta was appointed as Director on 27 Jan 2011. GLFL Securties has 5 board changes on record in total.
GLFL Securties can be reached at its registered office: 6th Floor Hasubhai Chambers Opp.Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006.
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