Global Towers Limited
About Global Towers Limited
Data last updated:
Global Towers Limited was a public limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Global Holding Corporation Private Limited. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 31 July 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U64201MH1992PLC185386. Its GSTIN is 27AABCG0483D1ZY (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹13.96 Cr. It was formerly known as Global Wireless Technology Limited and Global Wireless Technology Private Limited. It was led by directors including Rakesh Dhonduram Panchal (Whole-Time Director) and Ashish Keshavrao Kandekar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Third Floor Electronic Sadan No. – I MIDC Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.08 Cr (net margin -34.5%) and EBITDA of -₹80.02 Lakh (EBITDA margin -25.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 40% over five years.
As per MCA filings, the company had satisfied charges of ₹60 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 1 case is pending.
Company details
Name history
Global Towers has undergone 3 name changes throughout its history. The company was previously known as Global Wireless Technology Limited, Global Wireless Technology Private Limited, and India Wireless Technology Limited. The current legal name is Global Towers Limited.
| Company Name | Status |
|---|---|
| Global Towers Limited | Current |
| Global Wireless Technology Limited | Previous |
| Global Wireless Technology Private Limited | Previous |
| India Wireless Technology Limited | Previous |
CIN history
Global Towers has one previous CIN (Corporate Identification Number): U64201MH1992PTC185386. The current CIN is U64201MH1992PLC185386, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64201MH1992PLC185386 | Current |
| U64201MH1992PTC185386 | Previous |
Contact details
Global Towers Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressThird Floor Electronic Sadan No. – I MIDC Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400710
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Global Towers 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
Financials of Global Towers Limited
FY 2022 filings availableGlobal Towers Limited reported revenue of ₹3.12 Cr (up 1680% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years. EBITDA fell 204% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹80.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.08 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.7% | ||||
| Net Profit Margin | -34.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Global Towers Limited, buy the company report.
Board of directors of Global Towers Limited
Global Towers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Keshavrao Kandekar Also directs: Global Holding Corporation Private Limited | Director | 30 Sep 2015 | 11 Years 1 Months | As last reported |
| Rakesh Dhonduram Panchal | Whole-Time Director | 25 Aug 2015 | 11 Years 2 Months | As last reported |
| Mandar Prakash Thakur | Additional Director | 27 Dec 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Global Towers Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Power Equipment Manufacturers, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Soorya Electro Components Private Limited | ₹3.14 Cr (FY 2025) | -21.0% | Aralvaimozhi, Tamil Nadu, India | |||
| Sri Balaji Forgings Private Limited | ₹3.13 Cr (FY 2025) | -90.0% | Delhi, India | |||
| Global Towers Limitedthis company | ₹3.12 Cr (FY 2022) | -₹1.08 Cr | -34.5% | 1680.0% | Navi Mumbai, Maharashtra, India | |
| Sree Lakshmiram Bright Bars Private Limited | ₹3.11 Cr (FY 2025) | 60.0% | Chennai, Tamil Nadu, India | |||
| Parvathi Shankar Engineering Private Limited | ₹3.11 Cr (FY 2020) | 3.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Global Towers Limited, buy the company report.
Auditor
Global Towers Limited is audited by Godbole Bhave & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Godbole Bhave & Co. | FY 2016 |
Shareholding
The shareholding of Global Towers 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 Global Towers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2011 | 10323520 | Dcb Bank Limited | ₹16 Cr | Satisfied | |
| 16 Jan 1999 | 90084974 | Union Bank of India | ₹20.4 Cr | Satisfied | |
| 16 Jan 1998 | 90090618 | The Cosmos Co-Op. Bank Ltd. | ₹1.2 Cr | Satisfied | |
| 15 Dec 1997 | 90084743 | Central Bank of India | ₹2 Cr | Satisfied | |
| 21 Nov 1997 | 90090584 | Central Bank of India | ₹4 Cr | Satisfied |
To see the full charge records of Global Towers Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Global Towers Limited has 9 court cases on record: 2 filed by Global Towers, 7 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 1 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed against the company by M/S Saras Spares and Agencies Pvt Ltd | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by Aster Private Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Intelux Electronics Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Saras Spares and Agencies Pvt. Ltd. Represented by Power of Attorney - Gurjeet Surendrapal Gulati | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ada Cellworks Wirless Engineering Pvt Ltd | Disposed |
To see the full case history of Global Towers 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 Towers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Global Towers Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Global Towers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG0483D1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Global Towers Limited, buy the company report.
Recent activity
Global Towers Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Ganesh Ratnakar Naik ceased to be Director on 27 Dec 2019.
22 earlier events are in the company report.
Frequently asked questions
Global Towers has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Global Towers was a public limited company based in Navi Mumbai, Maharashtra, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 31 July 1992 and is registered under CIN U64201MH1992PLC185386. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Global Towers was incorporated on 31 July 1992. It is registered with the Registrar of Companies, Mumbai.
Global Towers had 3 directors:
- Rakesh Dhonduram Panchal - Whole-Time Director
- Ashish Keshavrao Kandekar - Director
- Mandar Prakash Thakur - Additional Director
The CIN (Corporate Identification Number) of Global Towers is U64201MH1992PLC185386. 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 Global Towers is at Third Floor Electronic Sadan No. – I MIDC Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400710.
The latest financial statements of Global Towers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Global Towers is 27AABCG0483D1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Global Towers operated in the metals and minerals industry, in the steel manufacturing and processing segment.
The peers of Global Towers by revenue are Soorya Electro Components Private Limited, Sri Balaji Forgings Private Limited, Sree Lakshmiram Bright Bars Private Limited, Parvathi Shankar Engineering Private Limited, all in the Metals and Minerals industry (Power Equipment Manufacturers, Steel), with the same principal business activity (metal and metal products).
Global Towers has 9 court cases on record: 2 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
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