Grindwell Norton Limited - Company Profile

Q: Who are the current directors of Grindwell Norton Limited?

The current directors of Grindwell Norton Limited are Jeanclaude Roger Lasserre, Archana Niranjan Hingorani, Venugopal Ramnath Shanbhag, Aakil Anand Mahajan, Hari Singudasu, David Eric Molho, Subodh Satchitanand Nadkarni, Krishnaswamy Visweswaran, Kaustubh Govind Shukla, Sreedhar Natarajan, Prakash Parappa Sabarad, Krishnaswamy Visweswaran, Stephanie Billet.

It is a manufacturing public limited company based in Mumbai, Maharashtra, India, established in 1950.

1950 Mumbai, Maharashtra, India Active

Last Updated: December 10, 2025

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About Grindwell Norton Limited

Grindwell Norton Limited, a active public limited company, was established on 31 July 1950 in Mumbai, Maharashtra, India. Engaging in plastic-based products within the manufacturing sector, it holds CIN: L26593MH1950PLC008163. Registered under ROC Roc Mumbai. it is listed on BSE: 506076 and NSE: GRINDWELL. It has an authorized capital of ₹66.00 Cr and a paid-up capital of ₹55.36 Cr.

Formerly known as Grindwell Abrasives Limited. It upholds a compliant status. In 2024, it reported revenue of ₹2,719.99 Cr and a net worth of ₹2,051.05 Cr. Employing 2,282 professional, Its leadership includes Jeanclaude Roger Lasserre (Director), Archana Niranjan Hingorani (Director), Venugopal Ramnath Shanbhag (Managing Director). Past directors included Jean-Claude Roger Lasserre, Pradip Panalal Shah, Patrick Millot. It holds ₹33.98 Cr open charges and ₹277.68 Cr settled loans. Its latest AGM occurred on 25 July 2025, with the balance sheet filed on 31 March 2025. It is based at 5Th Level, Leela Business Park, Andheri-Kurla Road Marol, Andheri East, Mumbai, Maharashtra, 400059.

Company Details

CIN/LLPIN
L26593MH1950PLC008163
Registration Number
008163
Incorporation Date
31 July 1950
Authorized Capital
₹66.00 Cr
Paid-Up Capital
₹55.36 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 506076, NSE: GRINDWELL)
Company Status
Active

Key Metrics

Authorised Capital ₹ 66.00 Cr as on 10-12-2025
Paid Up Capital ₹ 55.36 Cr as on 10-12-2025
Company Age 75 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 33.98 Cr as on 10-12-2025
Satisfied Charges ₹ 277.68 Cr as on 10-12-2025
Revenue Growth **** 12.39% (FY 2024)
Profit Growth **** 8.56% (FY 2024)
Ebitda **** 7.53% (FY 2024)
Net Worth 14.64% (FY 2024)
Total Assets **** 17.81% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Grindwell Norton 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 Grindwell Norton Limited?

Current Directors

Name	Designation	Appointment Date	Status
Jeanclaude Roger Lasserre	Director	04 Aug 2023	Current
Archana Niranjan Hingorani	Director	01 Apr 2019	Current
Venugopal Ramnath Shanbhag	Managing Director	01 Apr 2025	Current
Aakil Anand Mahajan	Director	30 Jul 2022	Current
Hari Singudasu	Whole-Time Director	01 Apr 2025	Current
David Eric Molho	Director	12 Oct 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	13 Aug 2023	Past
Pramod Abcsdd	Director	01 Apr 2019	Past
Pramod Abcsdd	Nominee Director	01 Sep 2019	Past
Pramod Abcsdd	Managing Director	31 Mar 2016	Past
Pramod Abcsdd	Director	12 Dec 2007	Past
Pramod Abcsdd	Nominee Director	30 Jul 2010	Past

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Financial Performance of Grindwell Norton.

Grindwell Norton Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 12.39% increase. The company also saw a slight improvement in profitability, with a 8.56% increase in profit. The company's net worth Soared by an impressive increase of 14.64%.

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

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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

********

12.39%

*******

Revenue from Operations

*******

11.95%

*******

Total Assets

*******

17.81%

*******

Profit or Loss

*******

8.56%

*******

Net Worth

*******

14.64%

*******

EBITDA

*******

7.53%

*******

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What is the Ownership and Shareholding Structure of Grindwell Norton?

In 2024, Grindwell Norton had a promoter holding of 58.04% and a public holding of 41.96%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹339,769,275.00

Satisfied Charges

₹2,776,757,424.00

Charges Breakdown by Lending Institutions

Yes Bank Limited : 24.97 Cr
Citi Bank N.A. : 9.00 Cr
The Secretary To The Government Of Maharashtra : 0.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Jun 2017	Citi Bank N.A.	₹9.00 Cr	Open
06 Feb 2007	Yes Bank Limited	₹12.49 Cr	Open
26 Dec 2006	Yes Bank Limited	₹12.49 Cr	Open
30 Jul 1968	The Secretary To The Government Of Maharashtra	₹0.05 M	Open
24 Mar 2022	Axis Bank Limited	₹25.00 Cr	Satisfied

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How Many Employees Work at Grindwell Norton?

Grindwell Norton has a workforce of 2282 employees as of Apr 07, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Grindwell Norton, 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 Grindwell Norton's trajectory.

Rating

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

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 Grindwell Norton

Recent Activity within the Organization

Annual General Meeting

Grindwell Norton Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records. was recorded as a recent event.
25 Jul 2025
Director Appointment

Prakash Parappa Sabarad was appointed as a Cfo was appointed as a Cfo on 28 May 2025 & has been associated with this company since 8 months 18 days . was recorded as a recent event.
28 May 2025
Director Appointment

Prakash Parappa Sabarad was appointed as a CFO was appointed as a CFO on 10 May 2025 & has been associated with this company since 9 months 6 days . was recorded as a recent event.
10 May 2025
Director Appointment

Progress on Stephanie Billet was appointed as a Director was appointed as a Director on 10 May 2025 & has been associated with this company since 9 months 6 days . was documented.
10 May 2025
Director Appointment

Venugopal Ramnath Shanbhag was appointed as a Managing Director was appointed as a Managing Director on 01 Apr 2025 & has been associated with this company since 10 months 14 days . was recorded as a recent event.
01 Apr 2025
Director Appointment

The activity Hari Singudasu was appointed as a Whole-time director was appointed as a Whole-time director on 01 Apr 2025 & has been associated with this company since 10 months 14 days . was completed.
01 Apr 2025

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