Glomet Technologies Private Limited
About Glomet Technologies Private Limited
Data last updated:
Glomet Technologies Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 05 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2010PTC061870. Its GSTIN is 24AAECG0631J1ZY (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.95 Cr. It is led by directors including Jayesh Damani and Sukhdev Damani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.8 Phase II GIDC Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.6 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹56.29 Lakh (net margin 2%) and EBITDA of ₹1.07 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 9% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.55 Cr and satisfied charges of ₹9.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No.8 Phase II GIDC Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryChemicals and Materials, Industrial Chemicals
- 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
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Business Activity of Glomet Technologies Private Limited
The main business activity of Glomet Technologies is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Glomet Technologies Private Limited FY 2024 filings available
Glomet Technologies Private Limited reported revenue of ₹27.6 Cr (down 40% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Glomet Technologies Private Limited
Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 35% 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 Glomet Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹56.29 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 Glomet Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2% | •••• | •••• | •••• | •••• |
| 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 Glomet Technologies 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 Glomet Technologies Private Limited
Glomet Technologies Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Industrial Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leena Organics Private Limited | ₹28.26 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Reckon Organics Private Limited | ₹28.02 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Vadodara, Gujarat, India |
| Unix Cellulose Private Limited | ₹27.97 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| D D Agro Industries Limited | ₹27.71 Cr (FY 2024) | •••• | •••• | -44.0% | •••• | Ludhiana, Punjab, India |
| Taru Vikas Private Limited | ₹27.68 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Delhi, India |
| Glomet Technologies Private Limited this company | ₹27.6 Cr (FY 2024) | •••• | •••• | -40.0% | •••• | Ahmedabad, Gujarat, India |
| Anan Drug and Chem Limited | ₹27.56 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Bhavnagar, Gujarat, India |
| Alliance Chemplast Private Limited | ₹27.45 Cr (FY 2024) | •••• | •••• | 489.0% | •••• | Faridabad, Haryana, India |
| Indenta Chemicals (India) Private Limited | ₹27.44 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Kokan Synthetics & Chemicals Private Limited | ₹27.39 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Panvel, Maharashtra, India |
| Suloachna Organic Private Limited | ₹27.32 Cr (FY 2025) | •••• | •••• | 124.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Glomet Technologies by revenue in the Chemicals industry (Industrial Chemicals), 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 Glomet Technologies Private Limited
Glomet Technologies Private Limited is audited by MADHUSUDAN C. MASHRUWALA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MADHUSUDAN C. MASHRUWALA & 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 Glomet Technologies Private Limited
Glomet Technologies has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Damani Also directs: DP Realty Private Limited | Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Sukhdev Damani | Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Amrutbhai Shivrambhai Patel | Director | 05 Aug 2010 | 16 Years 2 Months | Current |
Ownership and Shareholding of Glomet Technologies 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 Glomet Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Sep 2016 | Hdfc Bank Limited | ₹7.55 Cr | Open |
| 26 Aug 2022 | Others | ₹2.5 Cr | Satisfied |
| 04 Sep 2012 | State Bank of India | ₹7 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Glomet Technologies Private Limited
Glomet Technologies Private Limited has a workforce of 11 employees as of Apr 01, 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 Glomet Technologies Private Limited
Glomet Technologies Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Amrutbhai Shivrambhai Patel was appointed as Director on 05 Aug 2010.
Credit Ratings, Litigation & Regulatory Alerts for Glomet Technologies 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 Glomet Technologies 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 Glomet Technologies 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 Glomet Technologies Private Limited
Glomet Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECG0631J1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AAECG0631J1D7 | Gujarat | Active | 14 Dec 2024 |
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 Glomet Technologies 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 Glomet Technologies Private Limited
Glomet Technologies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 05 August 2010 (16+ years old) and is registered under CIN U24100GJ2010PTC061870.
Glomet Technologies reported revenue of ₹27.6 Cr for FY 2024 (down 40% YoY).
Glomet Technologies has 3 current directors:
- Jayesh Damani - Director
- Sukhdev Damani - Director
- Amrutbhai Shivrambhai Patel - Director
Glomet Technologies reported a net profit of ₹56.29 Lakh (net margin 2%) and EBITDA of ₹1.07 Cr (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Glomet Technologies is 12% over three years and 9% over five years. In the latest year (FY 2024) revenue fell 40%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Glomet Technologies is 24AAECG0631J1ZY, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECG0631J1D7 (Gujarat).
The CIN (Corporate Identification Number) of Glomet Technologies is U24100GJ2010PTC061870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glomet Technologies was incorporated on 05 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Glomet Technologies by revenue are Leena Organics Private Limited, Reckon Organics Private Limited, Unix Cellulose Private Limited, D D Agro Industries Limited, Taru Vikas Private Limited and 5 more, all in the Chemicals industry (Industrial Chemicals).
Amrutbhai Shivrambhai Patel was appointed as Director on 05 Aug 2010. Jayesh Damani was appointed as Director on 05 Aug 2010. Sukhdev Damani was appointed as Director on 05 Aug 2010.
The registered office of Glomet Technologies is at Plot No.8 Phase II GIDC Vatva, Ahmedabad, Gujarat, India – 382445.