MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CH-01-0005388
GSL Associates Private Limited - travel and hospitality in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.97 Cr
▲ 91% YoY
Net profit · FY 2024
₹1.48 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹1.11 Cr
EBITDA margin 15.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹2.2 Cr
Satisfied ₹45.45 Lakh
Company age
29 yrs
Est. 1997
Employees · EPFO
13
Provident fund records
About GSL Associates Private Limited
Data last updated:
GSL Associates Private Limited is a private limited company based in Chandigarh, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 23 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U62200CH1997PTC019982. Its GSTIN is 07AAACG6567H1ZG (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nirmala Jain and Nikhita Jain.
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 447 Sector 35 A Chandigarh, Chandigarh, India – 160022.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.97 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Lakh (net margin 0.2%) and EBITDA of ₹1.11 Cr (EBITDA margin 15.9%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 4% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.2 Cr and satisfied charges of ₹45.45 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
GSL Associates Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0005388). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gslgeo.com.
Company details
CIN U62200CH1997PTC019982
Registration Number 019982
Incorporation Date 23 May 1997
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-CH-01-0005388
CIN history
GSL Associates has one previous CIN (Corporate Identification Number): U60210CH1997PTC019982. The current CIN is U62200CH1997PTC019982, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62200CH1997PTC019982 | Current |
| U60210CH1997PTC019982 | Previous |
Recognitions & Rankings of GSL Associates
Contact details
GSL Associates Private Limited's registered office is in Chandigarh, Chandigarh. Its website is gslgeo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address447 Sector 35 A Chandigarh, Chandigarh, India – 160022
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of GSL Associates Private Limited, buy the company report.
Comprehensive company report
GSL Associates 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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Business activity
The main business activity of GSL Associates 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 GSL Associates Private Limited, buy the company report.
Financials of GSL Associates Private Limited
FY 2024 filings availableGSL Associates Private Limited reported revenue of ₹6.97 Cr (up 91% YoY) for FY 2024.
Revenue · FY 2024
₹6.97 Cr ▲ 91%
Net profit · FY 2024
₹1.48 Lakh margin 0.2%
EBITDA · FY 2024
₹1.11 Cr margin 15.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 91%
3 years · compounded
▲ 30%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 53%
5 years · compounded
▲ 61%
Revenue rose 91% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 46% 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 |
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| Total Expenses | |||||
| EBITDA | ₹1.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.48 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 15.9% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of GSL Associates Private Limited, buy the company report.
Board of directors of GSL Associates Private Limited
GSL Associates has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirmala Jain Also directs: Inline Construction Private Limited | Director | 30 Jun 2012 | 14 Years 4 Months | Current |
| Nikhita Jain Also directs: Bantr Interactive Private Limited | Director | 12 Oct 2021 | 5 Years 0 Months | Current |
| Ofir Ben Tov | Director | 06 Oct 2017 | 9 Years 0 Months | Current |
| Prashant Jain Also directs: Crowbar Engineering LLP, Bantr Interactive Private Limited, Inline Construction Private Limited and 1 more | Director | 01 Jun 1997 | 29 Years 5 Months | Current |
| Gautam Jain | Director | 09 Feb 2018 | 8 Years 8 Months | Current |
Auditor
GSL Associates Private Limited is audited by SHARAD JAIN ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARAD JAIN ASSOCIATES | FY 2023 | 015201N |
Shareholding
The shareholding of GSL Associates 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 GSL Associates Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.2 Cr
Satisfied charges
₹45.45 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2021 | 100483277 | Others | ₹1.97 Cr | Open | |
| 28 May 2004 | 90172208 | Citicorp Finance (India) Limited | ₹22.9 Lakh | Open | |
| 28 Nov 2006 | 10032546 | Citicorp Finance (India) Limited | ₹45.45 Lakh | Satisfied |
To see the full charge records of GSL Associates Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
GSL Associates Private Limited has 5 court cases on record: 3 filed by GSL Associates, 2 filed against it. All cases are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, DELHI | Writ petition | Filed by the company against State of Haryana and Another and 1 other | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India and Another | Disposed |
| District court, Yavatmal, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Disposed |
| District court, Yavatmal, Maharashtra | Court case (M.A.C.P.) | Filed against the company by individuals | Disposed |
| High Court | Writ petition | Filed by the company against Eastern Coalfileds Ltd. & Ors. | Disposed |
To see the full case history of GSL Associates 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 GSL Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
GSL Associates Private Limited has a workforce of 13 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
Employee count
13
Active EPFO establishments
2
GST
GSL Associates has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACG6567H1ZG | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GSL Associates Private Limited, buy the company report.
Recent activity
GSL Associates Private Limited has 7 board changes on record since 1997: 5 appointments and 2 cessations. The latest: Nikhita Jain was appointed as Director on 12 Oct 2021.
AGM
Gsl Associates Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gsl Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Appointed
Nikhita Jain was appointed as Director.
Charges
A charge with Others amounted to Rs. 197.00 Lakh with Charge ID 100483277 was registered on 29 Sep 2021.
Charges
A charge registered on 28 Nov 2006 via Charge ID 10032546 with Citicorp Finance (India) Limited was fully satisfied on 23 Aug 2021.
Appointed
Gautam Jain was appointed as Director.
Appointed
Ofir Ben Tov was appointed as Director.
Ceased
Kailash Chand Goel ceased to be Director.
Appointed
Nirmala Jain was appointed as Director.
Ceased
Surendra Singh Sial ceased to be Director.
Charges
A charge with Citicorp Finance (India) Limited amounted to Rs. 45.45 Lakh with Charge ID 10032546 was registered on 28 Nov 2006.
Charges
A charge with Citicorp Finance (India) Limited amounted to Rs. 22.90 Lakh with Charge ID 90172208 was registered on 28 May 2004.
2 earlier events are in the company report.
Frequently asked questions
GSL Associates is an active private limited company based in Chandigarh, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 23 May 1997 (29+ years old) and is registered under CIN U62200CH1997PTC019982.
GSL Associates has 5 current directors:
- Nirmala Jain - Director
- Nikhita Jain - Director
- Ofir Ben Tov - Director
- Prashant Jain - Director
- Gautam Jain - Director
The latest financial statements of GSL Associates 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 GSL Associates is 07AAACG6567H1ZG, registered in Delhi.
The CIN (Corporate Identification Number) of GSL Associates is U62200CH1997PTC019982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSL Associates has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
GSL Associates was incorporated on 23 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chandigarh.
Nikhita Jain was appointed as Director on 12 Oct 2021. Gautam Jain was appointed as Director on 09 Feb 2018. Ofir Ben Tov was appointed as Director on 06 Oct 2017. GSL Associates has 7 board changes on record in total.
Yes, GSL Associates is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0005388).
GSL Associates can be reached through the website gslgeo.com. Its registered office is in Chandigarh, India.
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