Glosec Finance Private Limited - Company Profile

It is a financial services private limited company based in Jalandhar, Punjab, India, established in 1971.
1971 Jalandhar, Punjab, India Active
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About Glosec Finance Private Limited

Glosec Finance Private Limited, a active private limited company, was established on 25 November 1971 in Jalandhar, Punjab, India. Engaging in asset financing companies within the financial and insurance service sector, it holds CIN: U65921PB1971PTC003076. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹3.00 Cr and a paid-up capital of ₹2.86 Cr.

Formerly known as Midland Motor Finance Co Pvt Limited, Doaba Finsec Limited. It upholds a compliant status. Employing 1 professional, Its leadership includes Inderjit Vasudeva (Additional Director), Parminder Singh (Managing Director), Paramjit Singh Randhawa (Director). Past directors included Amarpreet Kaur, Amardeep Singh Samra, Kuljit Singh Hayer. It holds ₹4.54 Cr open charges and ₹101.46 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at The Axis,First Floor Plot No. 1 R.B. Badri Dass Colony,Gt Roa, D, Jalandhar, Punjab, 144001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65921PB1971PTC003076

  • Registration Number

    003076

  • Incorporation Date

    25 November 1971

  • Authorized Capital

    ₹3.00 Cr

  • Paid-Up Capital

    ₹2.86 Cr

  • ROC Code

    Roc Chandigarh

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.86 Cr
  • Company Age 54 Year, 2 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 4.54 Cr
  • Satisfied Charges ₹ 101.46 Cr
  • Revenue Growth **** 92.56%
  • Profit Growth **** 126.06%
  • Ebitda **** -426.51%
  • Net Worth 6.76%
  • Total Assets -30.86%
Company report

Glosec Finance Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Glosec Finance Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Glosec Finance Private Limited?
Current Directors
Name Designation Appointment Date Status
Inderjit Vasudeva Additional Director 26 Mar 2025 Current
Parminder Singh Managing Director 01 Jul 2015 Current
Paramjit Singh Randhawa Director 17 Dec 2015 Current
Sukhwinder Singh Director 31 Jan 2010 Current
Sahil Gupta Additional Director 13 Nov 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 24 Jan 2015 Past
Pramod Abcsdd Director 01 Jan 2016 Past
Pramod Abcsdd Director 24 Jan 2015 Past
Pramod Abcsdd Director 16 May 2020 Past
Pramod Abcsdd Director 20 Aug 2021 Past
Pramod Abcsdd Director 24 Jan 2015 Past

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Financial Performance of Glosec Finance.

Glosec Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 92.56% increase. The company also saw a substantial improvement in profitability, with a 126.06% increase in profit. The company's net worth moved up by a moderate rise of 6.76%.

Glosec Finance revenue growth over time
Glosec Finance profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 92.56%
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Revenue from Operations
*******
 22.54%
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*******
*******
Total Assets
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 -30.86%
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*******
*******
Profit or Loss
*******
 126.06%
*******
*******
*******
*******
Net Worth
*******
 6.76%
*******
*******
*******
*******
EBITDA
*******
 -426.51%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Glosec Finance?

In 2023, Glosec Finance had a public holding of 75.64%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹45,367,000.00

Satisfied Charges

₹1,014,559,000.00

Charges Breakdown by Lending Institutions
  • S Swarn Singh Saini : 85.60 Cr
  • Others : 4.88 Cr
  • Punjab National Bank : 2.67 Cr
  • Brig. Swaran Singh Saini : 2.36 Cr
  • S. Swaran Singh Saini : 1.58 Cr
  • Others : 4.37 Cr
Latest Charge Details
Date Lender Amount Status
15 Dec 2022 Others ₹2.50 M Satisfied
01 Sep 2021 Others ₹8.00 M Satisfied
22 Feb 2017 Others ₹5.33 M Satisfied
07 Nov 2016 Others ₹1.80 Cr Satisfied
28 May 2016 Others ₹1.49 Cr Satisfied

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How Many Employees Work at Glosec Finance?

Glosec Finance has a workforce of 1 employees as of Apr 06, 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 Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Glosec Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Glosec Finance's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Glosec Finance
Recent Activity within the Organization
  • Director Appointment

    Progress on Janak Raj Gupta was appointed as a Ceo was appointed as a Ceo on 01 Dec 2025 & has been associated with this company since 2 months 13 days . was documented.

  • Charges

    Progress on A charge registered on 22 Feb 2017 via Charge ID 100086792 with Others was fully satisfied on 28 Nov 2025. was documented.

  • Charges

    Progress on A charge registered on 07 Nov 2016 via Charge ID 100065097 with Others was fully satisfied on 28 Nov 2025. was documented.

  • Charges

    The activity A charge registered on 28 May 2016 via Charge ID 100034644 with Others was fully satisfied on 28 Nov 2025. was completed.

  • Charges

    A charge registered on 26 Aug 2015 via Charge ID 10596150 with Ca Sangeeta Sharma was fully satisfied on 28 Nov 2025. was recorded as a recent event.

  • Charges

    A charge registered on 15 Dec 2022 via Charge ID 100663449 with Others was fully satisfied on 20 Nov 2025. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Glosec Finance Private Limited?

The CIN of Glosec Finance Private Limited is U65921PB1971PTC003076.

Where is Glosec Finance Private Limited headquartered?

Glosec Finance Private Limited is headquartered at The Axis,First Floor Plot No. 1 R.B. Badri Dass Colony,Gt Roa, D, Jalandhar, Punjab, 144001.

When was Glosec Finance Private Limited incorporated?

Glosec Finance Private Limited was incorporated on 25 November 1971.

Who are the current directors of Glosec Finance Private Limited?

The current directors of Glosec Finance Private Limited are

What is the primary industry of Glosec Finance Private Limited?

The primary industry of Glosec Finance Private Limited is Financial And Insurance Service.

Is Glosec Finance Private Limited a listed company?

Glosec Finance Private Limited is unlisted.

What is the capital structure of Glosec Finance Private Limited?

The authorized capital of Glosec Finance Private Limited is ₹3.00 Cr, and the paid-up capital is ₹2.86 Cr.

What is the compliance status of Glosec Finance Private Limited?

The compliance status of Glosec Finance Private Limited is Compliant.

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