MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0046705
Grace Power Private Limited - engineering in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.34 Cr
▼ 80% YoY
Net loss · FY 2024
₹34.02 Lakh
Net margin -25.4%
EBITDA · FY 2024
₹7.8 Lakh
EBITDA margin 5.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹1.59 Cr
Satisfied ₹2.8 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
1
Provident fund records
About Grace Power Private Limited
Data last updated:
Grace Power Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 25 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40109GJ1997PTC031965. Its GSTIN is 24AAACG7547B1ZY (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Grace Assariparampill Joseph (Managing Director) and Assariparampil Kuruvilla Joseph.
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 29 Sunrise Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.34 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹34.02 Lakh (net margin -25.4%) and EBITDA of ₹7.8 Lakh (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 28% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Graspire. As per MCA filings, the company has open charges of ₹1.59 Cr and satisfied charges of ₹2.8 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
Grace Power Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0046705). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gracepower.com.
Company details
CIN U40109GJ1997PTC031965
Registration Number 031965
Incorporation Date 25 March 1997
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0046705
Key People
Grace Assariparampill Joseph Managing Director Joseph Shibu Additional Director Assariparampil Kuruvilla Joseph Director Recognitions & Rankings of Grace Power
Contact details
Grace Power Private Limited's registered office is in Ahmedabad, Gujarat. Its website is gracepower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 2/2 Anoli Co – Op. Housing Soc. Ltd Plot No. 28 – 29 Sunrise Park Drive – In Ro, Ad, Ahmedabad, Gujarat, India – 380054
- IndustryEngineering, Industrial Maintenance & Repair Services, Engineering Components Retail & Distribution
To see the full contact details of Grace Power Private Limited, buy the company report.
Comprehensive company report
Grace Power Private Limited - one report that includes everything
- 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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Brands
Grace Power operates one associated brand: Graspire. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a platform for skill development and learning opportunities. | graspire.com |
Business activity
The main business activity of Grace Power is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Grace Power Private Limited, buy the company report.
Financials of Grace Power Private Limited
FY 2024 filings availableGrace Power Private Limited reported revenue of ₹1.34 Cr (down 80% YoY) for FY 2024.
Revenue · FY 2024
₹1.34 Cr ▼ 80%
Net loss · FY 2024
₹34.02 Lakh margin -25.4%
EBITDA · FY 2024
₹7.8 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 27%
5 years · compounded
▼ 28%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 39%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 80% fall in the latest year. EBITDA fell 12% 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 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹34.02 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 | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | -25.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Grace Power Private Limited, buy the company report.
Board of directors of Grace Power Private Limited
Grace Power has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Shibu Also directs: Living Cornerstone Estates Private Limited | Additional Director | 01 Apr 2021 | 5 Years 7 Months | Current |
| Grace Assariparampill Joseph | Managing Director | 25 Mar 1997 | 29 Years 7 Months | Current |
| Assariparampil Kuruvilla Joseph | Director | 01 Nov 2022 | 4 Years 0 Months | Current |
Auditor
Grace Power Private Limited is audited by KAMLESH BHOJANI AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMLESH BHOJANI AND ASSOCIATES | FY 2022 | 119808 |
Shareholding
The shareholding of Grace Power 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 Grace Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.59 Cr
Satisfied charges
₹2.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2016 | 100023257 | Others | ₹1.59 Cr | Open | |
| 09 Mar 2012 | 10343296 | Axis Bank Limited | ₹1.5 Cr | Satisfied | |
| 11 May 2011 | 10287500 | Hdfc Bank Limited | ₹90 Lakh | Satisfied | |
| 29 Apr 2008 | 10104262 | Indian Overseas Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Grace Power Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Grace Power Private Limited has 3 court cases on record: 1 filed by Grace Power, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (IAAP) | Filed against the company by Swan Sweets Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Llodyds Finance Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against an individual | Disposed |
To see the full case history of Grace Power 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 Grace Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grace Power Private Limited has a workforce of 1 employees on its EPFO records as of Sep 2023, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-99.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Grace Power Private Limited, buy the company report.
GST
Grace Power has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG7547B1ZY | Gujarat | Active | 01 Jul 2017 |
| 27AAACG7547B1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grace Power Private Limited, buy the company report.
Recent activity
Grace Power Private Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Aibin Joseph ceased to be Director on 01 Nov 2022.
AGM
Grace Power Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Grace Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Aibin Joseph ceased to be Director.
Appointed
Assariparampil Kuruvilla Joseph was appointed as Director.
Appointed
Joseph Shibu was appointed as Additional Director.
Charges
A charge registered on 09 Mar 2012 via Charge ID 10343296 with Axis Bank Limited was fully satisfied on 29 Mar 2016.
Charges
A charge with Others amounted to Rs. 158.50 Lakh with Charge ID 100023257 was registered on 28 Jan 2016.
Charges
A charge with Axis Bank Limited of Rs. 150.00 Lakh registered on 09 Mar 2012 with Charge ID 10343296 was modified on 25 Mar 2014.
Charges
A charge registered on 11 May 2011 via Charge ID 10287500 with Hdfc Bank Limited was fully satisfied on 13 Apr 2012.
Charges
A charge with Axis Bank Limited amounted to Rs. 150.00 Lakh with Charge ID 10343296 was registered on 09 Mar 2012.
Charges
A charge registered on 29 Apr 2008 via Charge ID 10104262 with Indian Overseas Bank was fully satisfied on 25 May 2011.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 10287500 was registered on 11 May 2011.
6 earlier events are in the company report.
Frequently asked questions
Grace Power is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 25 March 1997 (29+ years old) and is registered under CIN U40109GJ1997PTC031965.
Grace Power has 3 current directors:
- Grace Assariparampill Joseph - Managing Director
- Joseph Shibu - Additional Director
- Assariparampil Kuruvilla Joseph - Director
The latest financial statements of Grace Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Grace Power is 24AAACG7547B1ZY, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACG7547B1ZS (Maharashtra).
The CIN (Corporate Identification Number) of Grace Power is U40109GJ1997PTC031965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grace Power has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
Grace Power was incorporated on 25 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aibin Joseph ceased to be Director on 01 Nov 2022. Assariparampil Kuruvilla Joseph was appointed as Director on 01 Nov 2022. Joseph Shibu was appointed as Additional Director on 01 Apr 2021. Grace Power has 6 board changes on record in total.
Yes, Grace Power is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0046705).
Grace Power can be reached through the website gracepower.com. Its registered office is in Ahmedabad, Gujarat, India.
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