Global Softech Limited
About Global Softech Limited
Data last updated:
Global Softech Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 February 2000.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910DN2000PLC000147. Its GSTIN is 27AABCG1089R1Z1 (Maharashtra).
The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹65 Cr. It was formerly known as Global Softech Private Limited. It is led by directors including Narayan Ramchandra Ghumatkar and Trivendra Shambhu Singh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot No. 58/B Industrial Estate Piperia Silvassa (U.T. Of D. & N.H.), Dadra and Nagar Haveli, India – 396230.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.44 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹31.76 Cr and EBITDA of -₹44.69 Lakh (EBITDA margin -18.3%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 57% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹558.5 Cr on record. Court records list 142 cases involving the company, including 11 filed by the company and 131 filed against it; 43 cases are pending.
Company details
CIN history
Global Softech has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65910DN2000PLC000147, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910DN2000PLC000147 | Current |
| U65910DD2000PTC000147 | Previous |
| U65910DN2000PTC000147 | Previous |
Contact details
Global Softech Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 58/B Industrial Estate Piperia Silvassa (U.T. Of D. & N.H.), Dadra and Nagar Haveli, India – 396230
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Global Softech 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 Global Softech 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 Global Softech Limited, buy the company report.
Financials of Global Softech Limited
FY 2020 filings availableGlobal Softech Limited reported revenue of ₹2.44 Cr (down 75% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 75% fall in the latest year. EBITDA rose 79% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹44.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.76 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.3% | ||||
| Net Profit Margin | |||||
| 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 Global Softech Limited, buy the company report.
Board of directors of Global Softech Limited
Global Softech has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayan Ramchandra Ghumatkar Also directs: Mori Hanol Hydro Power Limited | Director | 25 Dec 2006 | 19 Years 9 Months | As last reported |
| Trivendra Shambhu Singh | Director | 03 Sep 2013 | 13 Years 1 Months | As last reported |
| Manasi Indrajit Wadkar Also directs: Asahi Industries Limited | Director | 05 Oct 2015 | 11 Years 0 Months | As last reported |
Peer comparison
Global Softech Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Mahila Apparels Private Limited | ₹2.45 Cr (FY 2024) | 21.0% | Angamaly, Kerala, India | |||
| Priyanshi Fashion Private Limited | ₹2.45 Cr (FY 2025) | -20.0% | Surat, Gujarat, India | |||
| Aman Threads Private Limited | ₹2.44 Cr (FY 2024) | 7.0% | Surat, Gujarat, India | |||
| Global Softech Limitedthis company | ₹2.44 Cr (FY 2020) | ₹31.76 Cr | -75.0% | 68 | Silvassa, Dadra And Nagar Haveli, India | |
| VJ Sourcing Private Limited | ₹2.43 Cr (FY 2025) | 37.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Global Softech Limited, buy the company report.
Auditor
Global Softech Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2019 | 128216W |
Shareholding
The shareholding of Global Softech Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Global Softech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2010 | 10220497 | Uco Bank (Lead Bank) | ₹94 Cr | Open | |
| 08 Oct 2009 | 10293690 | Uco Bank | ₹50.5 Cr | Open | |
| 13 Aug 2009 | 10175822 | Uco Bank | ₹200 Cr | Open | |
| 03 Aug 2009 | 10176572 | Dena Bank | ₹20 Cr | Open | |
| 15 Jun 2009 | 10173575 | Bank of India | ₹34 Cr | Open |
To see the full charge records of Global Softech Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Global Softech Limited has 142 court cases on record: 11 filed by Global Softech, 131 filed against it. 43 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 129 | 127 | 41 |
| High courts | 12 | 3 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 142)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Udit Textile Private Limited Through Prashant Kadam | Pending |
| District court, Thane, Maharashtra | Court case (M.C.A.) | Filed by the company against Ms Supreme Manor-Wada-Bhiwandi Infrastructure Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company | Pending |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
To see the full case history of Global Softech 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 Global Softech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Global Softech Limited has a workforce of 68 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Global Softech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG1089R1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Global Softech Limited, buy the company report.
Recent activity
Global Softech Limited has 17 board changes on record since 2006: 3 appointments and 14 cessations. The latest: Neha Nilesh Patil ceased to be Director on 13 Aug 2019.
16 earlier events are in the company report.
Frequently asked questions
Global Softech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Global Softech is a company under insolvency, formerly operating as a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 February 2000 and is registered under CIN U65910DN2000PLC000147. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Global Softech has 3 current directors:
- Narayan Ramchandra Ghumatkar - Director
- Trivendra Shambhu Singh - Director
- Manasi Indrajit Wadkar - Director
The latest financial statements of Global Softech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Global Softech is U65910DN2000PLC000147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Global Softech has open charges of ₹558.5 Cr and no satisfied charges on record as per latest MCA filings.
Global Softech has 142 court cases on record: 11 filed by the company and 131 filed against it. 43 are pending. Most are in the district courts.
Global Softech was incorporated on 07 February 2000. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Global Softech by revenue are Mahila Apparels Private Limited, Priyanshi Fashion Private Limited, Aman Threads Private Limited, VJ Sourcing Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Neha Nilesh Patil ceased to be Director on 13 Aug 2019. Manasi Indrajit Wadkar ceased to be Additional Director on 30 Sep 2016. Mathur Deepak ceased to be Additional Director on 12 Aug 2016. Global Softech has 17 board changes on record in total.
The registered office of Global Softech is at Plot No. 58B Industrial Estate Piperia Silvassa U.T. Of D. & N.H., Dadra and Nagar Haveli, India – 396230.