About Glosec Finance Private Limited
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Glosec Finance Private Limited is a private limited company based in Jalandhar, Punjab, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 25 November 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1971PTC003076. Its GSTIN is 03AAACM9259Q1ZW (Punjab). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.86 Cr. It was formerly known as Midland Motor Finance Co Pvt Limited and Doaba Finsec Limited. It is led by directors including Parminder Singh (Managing Director) and Paramjit Singh Randhawa.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jalandhar, Punjab.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.45 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹12.73 Lakh (net margin 25.7%) and EBITDA of ₹27 Lakh (EBITDA margin 54.6%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 12% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.54 Cr and satisfied charges of ₹101.46 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glosecmarketing.com.
Company details
Name history
Glosec Finance has undergone 4 name changes throughout its history. The current legal name is Glosec Finance Private Limited.
| Company Name | Status |
|---|---|
| Glosec Finance Private Limited | Current |
| Midland Motor Finance Co Pvt Limited | Previous |
| Doaba Finsec Limited | Previous |
| Midland Motor Finance Co Private Limited | Previous |
| Midland Motor Finance Co Limited | Previous |
CIN history
Glosec Finance has one previous CIN (Corporate Identification Number): U65921PB1971PLC003076. The current CIN is U65921PB1971PTC003076, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1971PTC003076 | Current |
| U65921PB1971PLC003076 | Previous |
Contact details
Glosec Finance Private Limited's registered office is in Jalandhar, Punjab. Its website is glosecmarketing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Axis First Floor Plot No. 1 R.B. Badri Dass Colony Gt Roa, D, Jalandhar, Punjab, India – 144001
- IndustryFinancial Services, Asset Financing Companies, NBFC, Investment & Credit NBFC
To see the full contact details of Glosec Finance Private 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 Glosec Finance is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Glosec Finance Private Limited, buy the company report.
Financials of Glosec Finance Private Limited
FY 2025 filings availableGlosec Finance Private Limited reported revenue of ₹49.45 Lakh (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 75% fall in the latest year. EBITDA fell 86% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹27 Lakh | ||||
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| Net Profit (PAT) | ₹12.73 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.6% | ||||
| Net Profit Margin | 25.7% | ||||
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To see the full financial statements and ratios of Glosec Finance Private Limited, buy the company report.
Board of directors of Glosec Finance Private Limited
Glosec Finance has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paramjit Singh Randhawa Also directs: Wepay Finance Private Limited, Insectos Systems Private Limited | Director | 17 Dec 2015 | 10 Years 10 Months | Current |
| Sukhwinder Singh Also directs: Ujjwal Finserv Private Limited, Wepay Finance Private Limited | Director | 31 Jan 2010 | 16 Years 8 Months | Current |
| Parminder Singh | Managing Director | 01 Jul 2015 | 11 Years 3 Months | Current |
| Sahil Gupta | Additional Director | 13 Nov 2025 | 0 Years 11 Months | Current |
| Inderjit Vasudeva Also directs: International Township Developers Private Limited | Director | 26 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Glosec Finance Private Limited is audited by D.Sharma & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.Sharma & Co. | FY 2023 | 000801N |
Shareholding
The shareholding of Glosec Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Glosec Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2022 | 100663449 | Others | ₹25 Lakh | Satisfied | |
| 01 Sep 2021 | 100483830 | Others | ₹80 Lakh | Satisfied | |
| 22 Feb 2017 | 100086792 | Others | ₹53.3 Lakh | Satisfied | |
| 07 Nov 2016 | 100065097 | Others | ₹1.8 Cr | Satisfied | |
| 28 May 2016 | 100034644 | Others | ₹1.49 Cr | Satisfied |
To see the full charge records of Glosec Finance Private Limited, buy the company report.
Total charge records: 82 View all charges
Legal cases
Glosec Finance Private Limited has 2 court cases on record: 1 filed by Glosec Finance, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Jalandhar, Punjab | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Glosec Finance Private 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 Glosec Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Glosec Finance Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Glosec Finance has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACM9259Q1ZW | Punjab | Active | 01 Jul 2017 |
| 03AAACM9259Q2ZV | Punjab | Active | 19 Dec 2022 |
| 04AAACM9259Q2ZT | Chandigarh | Active | 13 Nov 2023 |
To see the full GST registrations and return filing status of Glosec Finance Private Limited, buy the company report.
Recent activity
Glosec Finance Private Limited has 23 board changes on record since 1992: 14 appointments and 9 cessations. The latest: Sahil Gupta was appointed as Additional Director on 13 Nov 2025.
197 earlier events are in the company report.
Frequently asked questions
Glosec Finance is an active private limited company based in Jalandhar, Punjab, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 25 November 1971 (55+ years old) and is registered under CIN U65921PB1971PTC003076.
Glosec Finance has 5 current directors:
- Parminder Singh - Managing Director
- Paramjit Singh Randhawa - Director
- Sukhwinder Singh - Director
- Sahil Gupta - Additional Director
- Inderjit Vasudeva - Director
The latest financial statements of Glosec Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Glosec Finance is 03AAACM9259Q1ZW, registered in Punjab. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAACM9259Q2ZV (Punjab), 04AAACM9259Q2ZT (Chandigarh).
The CIN (Corporate Identification Number) of Glosec Finance is U65921PB1971PTC003076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glosec Finance has 2 court cases on record: 1 filed by the company and 1 filed against it.
Glosec Finance was incorporated on 25 November 1971, making it 55+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sahil Gupta was appointed as Additional Director on 13 Nov 2025. Inderjit Vasudeva was appointed as Director on 26 Mar 2025. Nirmal Singh ceased to be Director on 20 Aug 2021. Glosec Finance has 23 board changes on record in total.
Glosec Finance can be reached through the website glosecmarketing.com. Its registered office is in Jalandhar, Punjab, India.
The registered office of Glosec Finance is at The Axis First Floor Plot No. 1 R.B. Badri Dass Colony Gt Roa, D, Jalandhar, Punjab, India – 144001.