About Gujarat Borosil Limited
Data last updated:
Gujarat Borosil Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Borosil Renewables Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the glass and products segment of the manufacturing sector. It was incorporated on 22 December 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L26100MH1988PLC316817. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 27 May 2020 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹150 Cr and a paid-up capital of ₹124.1 Cr. It was formerly known as Gujarat Window Glass Limited. It was led by directors including Ashok Jain (Whole-Time Director) and Ramaswami Velayudhan Pillai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹220.21 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹10.08 Cr (net margin 4.6%) and EBITDA of ₹45.37 Cr (EBITDA margin 20.6%).
The company had about 763 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Gujarat Borosil. As per MCA filings, the company had satisfied charges of ₹99.25 Cr on record. Court records list 113 cases involving the company, including 59 filed by the company and 57 filed against it; 9 cases are pending. The company has 4 deals on record (3 market trades, 1 acquisition); the latest was in February 2020.
The last known website on record is gujaratborosil.com.
Company details
CIN history
Gujarat Borosil has one previous CIN (Corporate Identification Number): L26100GJ1988PLC011663. The current CIN is L26100MH1988PLC316817, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26100MH1988PLC316817 | Current |
| L26100GJ1988PLC011663 | Previous |
Contact details
Gujarat Borosil Limited's registered office is in Mumbai, Maharashtra. Its website is gujaratborosil.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1101 Crescenzo G – Block Opp. Mca Club Bandra Kurla Complex Ban, Dra (East), Mumbai, Maharashtra, India – 400051
- IndustryManufacturing, Glass & Products
To see the full contact details of Gujarat Borosil 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
Brands
Gujarat Borosil operates one associated brand: Gujarat Borosil. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Household products are manufactured for consumer use in India. | gujaratborosil.com |
Business activity
The main business activity of Gujarat Borosil is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Gujarat Borosil Limited, buy the company report.
Financials of Gujarat Borosil Limited
FY 2018 filings availableGujarat Borosil Limited reported revenue of ₹220.21 Cr (up 8% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year. EBITDA rose 22% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹45.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.08 Cr | ||||
| 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 | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.6% | ||||
| Net Profit Margin | 4.6% | ||||
| 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 Gujarat Borosil Limited, buy the company report.
Board of directors and KMP of Gujarat Borosil Limited
Gujarat Borosil Limited currently reports 9 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Jain Also directs: Borosil Renewables Limited, All India Glass MFRS'. Federation. | Whole-Time Director | 03 Jan 2003 | 23 Years 10 Months | As last reported |
| Shreevar Kheruka | Director | 18 Sep 2018 | 8 Years 1 Months | As last reported |
| Syed Asif Ibrahim | Director | 03 Apr 2019 | 7 Years 7 Months | As last reported |
| Pradeep Kumar Kheruka | Director | 22 Dec 1988 | 37 Years 10 Months | As last reported |
| Raj Kumar Jain Also directs: Borosil Renewables Limited, Altius Finserv Private Limited | Director | 07 Feb 2019 | 7 Years 9 Months | As last reported |
| Pradeep Vasudeo Bhide | Director | 01 Apr 2019 | 7 Years 7 Months | As last reported |
Auditor
Gujarat Borosil Limited is audited by CHATURVEDI & SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH | FY 2018 | 101720W |
Shareholding
The shareholding of Gujarat Borosil Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gujarat Borosil Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2014 | 10522443 | Bank of Baroda | ₹2 Cr | Satisfied | |
| 18 May 2010 | 10220210 | Union Bank of India | ₹5.4 Cr | Satisfied | |
| 11 Feb 2009 | 10145616 | Bank of Baroda | ₹33 Cr | Satisfied | |
| 26 Dec 2008 | 10135914 | Bank of Baroda | ₹36.1 Cr | Satisfied | |
| 18 Jan 1999 | 90107731 | State Bank of India | ₹- | Satisfied |
To see the full charge records of Gujarat Borosil Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Gujarat Borosil Limited has 4 deals on record (3 market trades, 1 acquisition); the latest was in February 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Acquisition | Undisclosed | Buyer: Borosil Renewables Limited |
| Mar 2019 | Market trade | ₹13.08 Cr | Buyer: Pivotal Enterprises Private Limited Seller: Gems Flora Pvt Ltd |
| Jan 2018 | Market trade | ₹4.68 Cr | Seller: an individual |
| May 2005 | Market trade | ₹10.9 Lakh | Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Borosil Limited has 113 court cases on record: 59 filed by Gujarat Borosil, 57 filed against it. 9 cases are pending and 104 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 40 | 4 |
| High courts | 44 | 15 | 5 |
| Supreme Court | 5 | 2 | 0 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Gujarat Borosil Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Borosil Ltd Employees Union and 5 others | Pending |
| District court, Bharuch, Gujarat | Court case (CMA SC) | Filed by the company against Deity Fuel Energy Pvt Ltd | Disposed |
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Deity Fuel Energy Private Ltd | Disposed |
| District court, Bharuch, Gujarat | Civil suit | Filed by the company against Shree Acids and Chemicals Limited and 1 other | Disposed |
To see the full case history of Gujarat Borosil 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.
Credit ratings & regulatory alerts
Gujarat Borosil Limited was last rated by Indiarating on 03 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 03 Feb 2020 |
To see the full credit ratings and regulatory alerts of Gujarat Borosil Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gujarat Borosil Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gujarat Borosil has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Gujarat Borosil Limited has a workforce of 763 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Gujarat Borosil has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gujarat Borosil Limited, buy the company report.
Recent activity
Gujarat Borosil Limited has 28 board changes on record since 1988: 19 appointments and 9 cessations. The latest: Milind Madhavrao Gurjar ceased to be Ceo(Kmp) on 14 Jun 2019.
92 earlier events are in the company report.
Frequently asked questions
Gujarat Borosil has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gujarat Borosil was a public limited company based in Mumbai, Maharashtra, India. The company worked in glass and products, within the manufacturing industry. It was incorporated on 22 December 1988 and is registered under CIN L26100MH1988PLC316817. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gujarat Borosil was incorporated on 22 December 1988. It is registered with the Registrar of Companies, Mumbai.
Gujarat Borosil had 10 directors and KMP:
- Ashok Jain - Whole-Time Director
- Ramaswami Velayudhan Pillai - Whole-Time Director
- Shreevar Kheruka - Director
- Syed Asif Ibrahim - Director
- Pradeep Kumar Kheruka - Director
- Raj Kumar Jain - Director
- Pradeep Vasudeo Bhide - Director
- Shalini Kalsi Kamath - Director
- Haigreve Khaitan - Director
- Sunil Kishanlal Roongta - Cfo
The CIN (Corporate Identification Number) of Gujarat Borosil is L26100MH1988PLC316817. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Borosil is recorded as a listed company by MCA, but its shares were delisted from BSE on 27 May 2020 · merger, and no longer trade on a stock exchange.
The registered office of Gujarat Borosil is at 1101 Crescenzo G – Block Opp. Mca Club Bandra Kurla Complex Ban, Dra East, Mumbai, Maharashtra, India – 400051.
Gujarat Borosil can be reached through the website gujaratborosil.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Gujarat Borosil on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 08 August 2018. Year-wise statements from 2015 are in the company report.
No. Gujarat Borosil has 2 GST registrations on record and all of them are cancelled or inactive.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
