Globe Textiles (India) Limited logo

Globe Textiles (India) Limited

Manufactures and exports garments, bedsheets, denim, fabrics, and home textiles.
1995 | Ahmedabad, Gujarat (India) | Active

Last Updated:

October 04, 2024
HomeCompanyGlobe Textiles (India) Limited

Who are the key members and board of directors at Globe Textiles (India)?

Executive Team (3)

NameDesignationAppointment DateStatus
Bhavik Parikh InManaging Director01-Feb-2006Current
Bhavin Parikh InCEO22-Mar-2017Current
Faruk Diwan InCompany Secretary26-Mar-2019Current

Board Members(5)

NameDesignationAppointment DateStatus
Rajatkumar Patel In Director 30-Mar-2021Current
Bharat Patel In Director 26-May-2017Current
Yogesh Kanhiyalal In Director 27-Mar-2017Current
Nilaybhai Vora In Whole-Time Director 31-Mar-2008Current
Purvi Parikh In Director 28-Feb-2017Current

Financial Performance and Corporate Structure Insights of Globe Textiles (India).

Globe Textiles (India) Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 1.29% decrease. The company also saw a substantial fall in profitability, with a 94.35% decrease in profit. The company's net worth dipped by a decrease of 0.75%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-1.29%
Revenue from Operations
-2.29%
Total Assets
15.22%
Profit or Loss
-94.35%
Net Worth
-0.75%
EBITDA
-62.70%

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Charges (Loans)

Open Charges Satisfied Charges

₹156.45 Cr

₹46.21 Cr

LenderAmountStatus

Others

Creation Date: 17 Aug 2023
₹0.78 MOpen

Others

Creation Date: 11 Oct 2021
₹46.46 CrOpen

Others

Creation Date: 17 Apr 2015
₹109.91 CrOpen

How Many Employees Work at Globe Textiles (India)?

Globe Textiles (India) has a workforce of 17 employees as of Oct 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Graph

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Rating

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Latest Updates, News, and FAQs on Globe Textiles (India)

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 109.91 Cr registered on 17 Apr 2015 with Charge ID 10571034 was modified on 27 Aug 2024.

    27 Aug 2024

  • Annual General Meeting

    Globe Textiles (India) Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100781249 was registered on 17 Aug 2023.

    17 Aug 2023

  • Balance Sheet

    Globe Textiles (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 46.46 Cr with Charge ID 100493998 was registered on 11 Oct 2021.

    11 Oct 2021

  • Director Appointment

    Bharat Shamjibhai Patel was appointed as a Director was appointed as a Director on 26 May 2017 & has been associated with this company since 7 years 6 months .

    26 May 2017

Recent News, Updates & Announcement

  • news
  • news
    NSE grants inprinciple approval to Globe Textilesx27 rights issue funds to fuel growth.

    The National Stock Exchange NSE has granted inprinciple approval to garment manufacturer Globe Textiles India Ltd for raising over Rs 45 crore through rig.

    22 Feb 2024 NewsDrum

  • news
  • news
    Globe Textiles gets NSE nod for rights issue of up to Rs 49 crore to fuel growth.

    New Delhi India February 21 Globe Textiles India Limited a globally recognised garment manufacturer supplier and trader has received inprinciple approval from the stock exchange NSE for a proposed right issue of up to 151141500 equity sharesThe company said in a press release on Wednesday that this strategic initiative underscored the companys commitment to enhancing shareholder value and fortifying its financial position for sustainable growthThe rights issue is an invitation to the existing shareholders to purchase additional shares of the company within a specific period at a discounted priceBhavin Parikh Chief Executive Officer at Globe Textiles India Limited said the funds will fuel its forward integration plans via acquisitionIt will enhance our asset base margins and topline as well as introduce innovative sustainable fashion garments and practices that are sought after by customers from India Europe and the US We are confident that this development will enhance the estimated top line by 120 crores to about 520 crores while improving margin by 2027 28 Parikh addedGlobe Textiles recorded revenue from operations of Rs 928296 lakhs for the quarter ended December 31 2023 For the nine months ended December 31 2023 the company reported revenue of Rs 3276163 lakhsThe company recorded a profit before tax of Rs 19883 lakhs in the quarter which is a good sign of growth compared to previous periodsAdditionally Globe Textiles reported a profit after tax of Rs 16383 lakhs for the quarter and Rs 44471 lakhs for the nine months ending on December 31 2023As per the release the companys profit after tax increased 4x from Rs 4761 lakhs to Rs 16383 lakhs in the previous comparative quarterDisclaimer This post has been autopublished from an agency feed without any modifications to the text and has not been reviewed by an editor.

    21 Feb 2024 Lokmat News

  • news
    Globe Textiles India Ltd to acquire Globe Denwash Ltd aiming for sustainable growth.

    New Delhi February 14 Globe Textiles India Limited GTIL a frontrunner in the textile industry engaged in manufacturing supply and trading of a wide array of textile and apparel products including Denim jeans Shirting fabrics and cotton printed fabrics has announced its ambitious plans to acquire Globe Denwash Private Limited through the purchase of shares.

    14 Feb 2024 newkerala

Frequently asked questions

  • Globe Textiles (India) Limited was incorporated on 04 Oct 1995.

  • The authorized share capital of Globe Textiles (India) Limited is ₹ 61.00 Cr and paid-up capital is ₹ 60.06 Cr.

  • Currently 8 directors are associated with Globe Textiles (India) Limited.

    • Bhavik Suryakant Parikh
    • Bharat Shamjibhai Patel
    • Yogesh Vaidya Kanhiyalal
    • Nilaybhai Jagdishbhai Vora
    • Purvi Bhavin Parikh
    • Rajatkumar Dineshbhai Patel
    • Bhavin Suryakant Parikh
    • Faruk H Diwan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Globe Textiles (India) Limited is Plot No. 38 To 41 Ahmedabad Apparel Park, Gidc Khokhra, Gujarat, India, 380008.

  • The corporate identification number (CIN) of Globe Textiles (India) Limited is L65910GJ1995PLC027673 and the company number is 027673 as per Ministry of Corporate Affairs (MCA).

  • Yes, Globe Textiles (India) Limited is registered on National Stock Exchange (NSE).

  • The Official website of Globe Textiles (India) Limited is https://www.globetextiles.net

  • According to the financial reports for the fiscal year 2021, the revenue trend for Globe Textiles (India) Limited has fallen by -1.29%.

  • As Per 2021 financial reports, 17 employees are currently employed by Globe Textiles (India) Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Globe Textiles (India) Limited has experienced an downturn of -0.75%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Globe Textiles (India) Limited amount to ₹ 156.45 Cr.

  • The most recent Balance Sheet for Globe Textiles (India) Limited was filed with the ROC on 31 Mar 2023.

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