About Glo Panels Private Limited
Data last updated:
Glo Panels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 13 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2012PTC235736. Its GSTIN is 27AAECG9172E1ZH (Maharashtra).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹74.68 Lakh. It is led by directors Trupti Chetan Chheda and Chetan Shantilal Chheda.
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 1502 Presidential Tower Co – Operative Housing Society Ltd L B S Marg Ghatkopar (W), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.04 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹31.44 Lakh (net margin 1.4%) and EBITDA of ₹1.21 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 9% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.78 Cr on record. Court records list 3 cases involving the company. The company has 1 deal on record (1 funding round), with disclosed funding of ₹73.7 Lakh; the latest was in March 2015. Its 10 peer companies in the Manufacturing industry (Construction Materials) are compared by revenue, 5 larger and 5 smaller; the largest is M C Mowjee & Company Pvt Ltd with revenue of ₹23.27 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glopanels.com.
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- Website
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- Registered Address1502 Presidential Tower Co – Operative Housing Society Ltd L B S Marg Ghatkopar (W), Mumbai, Maharashtra, India – 400086
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Glo Panels Private Limited
The main business activity of Glo Panels is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Glo Panels Private Limited FY 2025 filings available
Glo Panels Private Limited reported revenue of ₹23.04 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Glo Panels Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 3% 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 of Glo Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.44 Lakh | •••• | •••• | •••• | •••• |
| 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 of Glo Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Glo Panels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Glo Panels Private Limited
Glo Panels Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Construction Materials). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M C Mowjee & Company Pvt Ltd | ₹23.27 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Uluberia, West Bengal, India |
| Bluebay Facade Private Limited | ₹23.27 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Keshar Gypsum Private Limited | ₹23.1 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Acrycol Minerals Limited | ₹23.06 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Coral Structural Solutions Private Limited (Renewal) | ₹23.06 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Bangalore, Karnataka, India |
| Glo Panels Private Limited this company | ₹23.04 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Bikaner Valves Private Limited | ₹23.02 Cr (FY 2024) | •••• | •••• | 180.0% | •••• | Jaipur, Rajasthan, India |
| Fanatic Engineering & Galvanizing Private Limited | ₹23 Cr (FY 2025) | •••• | •••• | 1958.0% | •••• | Ahmedabad, Gujarat, India |
| Raj Ready Concrete Works Private Limited | ₹22.76 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Delhi, India |
| Alccotech Building Materials Private Limited | ₹22.72 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Panaji, Goa, India |
| Swastik Ferrotec Private Limited | ₹22.7 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Glo Panels by revenue in the Manufacturing industry (Construction Materials), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Glo Panels Private Limited
Glo Panels Private Limited is audited by D S Solanki & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D S Solanki & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Glo Panels Private Limited
Glo Panels has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Trupti Chetan Chheda Also directs: Alja Properties Private Limited | Director | 13 Sep 2012 | 14 Years 1 Months | Current |
| Chetan Shantilal Chheda Also directs: Alja Properties Private Limited | Director | 13 Sep 2012 | 14 Years 1 Months | Current |
Ownership and Shareholding of Glo Panels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Glo Panels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Dec 2019 | Hdfc Bank Limited | ₹6.8 Lakh | Open |
| 11 May 2015 | Hdfc Bank Limited | ₹4.71 Cr | Open |
Total charge records: 2 View all charges
Deals & Funding of Glo Panels Private Limited
Glo Panels Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹73.7 Lakh; the latest was in March 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹73.7 Lakh | Investors: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Glo Panels Private Limited
Glo Panels Private Limited has 3 court cases on record: 3 where it is another party. All cases are disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Company is another party | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Glo Panels Private Limited
Glo Panels Private Limited has a workforce of 15 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Glo Panels Private Limited
Glo Panels Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Chetan Shantilal Chheda was appointed as Director on 13 Sep 2012.
Credit Ratings, Litigation & Regulatory Alerts for Glo Panels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Glo Panels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Glo Panels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Glo Panels Private Limited
Glo Panels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG9172E1ZH | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Glo Panels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Glo Panels Private Limited
Glo Panels is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 13 September 2012 (14+ years old) and is registered under CIN U52100MH2012PTC235736.
Glo Panels reported revenue of ₹23.04 Cr for FY 2025 (down 6% YoY).
Glo Panels has 2 current directors:
- Trupti Chetan Chheda - Director
- Chetan Shantilal Chheda - Director
Glo Panels reported a net profit of ₹31.44 Lakh (net margin 1.4%) and EBITDA of ₹1.21 Cr (EBITDA margin 5.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Glo Panels is 16% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Glo Panels is 27AAECG9172E1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Glo Panels is U52100MH2012PTC235736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glo Panels has 3 court cases on record.
Glo Panels was incorporated on 13 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Glo Panels has 1 deal on record (1 funding round), with disclosed funding of ₹73.7 Lakh; the latest was in March 2015.
The peers of Glo Panels by revenue are M C Mowjee & Company Pvt Ltd, Bluebay Facade Private Limited, Keshar Gypsum Private Limited, Acrycol Minerals Limited, Coral Structural Solutions Private Limited (Renewal) and 5 more, all in the Manufacturing industry (Construction Materials).