About Guljag Industries Limited
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Guljag Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 21 May 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1981PLC024439. Its GSTIN is 27AAACG1267E2ZW (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹14.1 Cr and a paid-up capital of ₹13.9 Cr. It was formerly known as Gulabdas Jagannath Agencies Private Limited and Gulabdas Jagannath Agencies Limited. It is led by directors including Dhiren Dhoot (Whole-Time Director) and Nilesh Narendra Dhoot.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 19 Prem Courtjamshedji Tata Rd 199 Backbay Reclamation, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2023, the company reported a revenue of ₹276.57 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.56 Cr (net margin 0.9%) and EBITDA of ₹16.79 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
The company has about 266 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Guljag Infotech and Guljag. As per MCA filings, the company has open charges of ₹92.95 Cr and satisfied charges of ₹114.7 Cr on record. Court records list 135 cases involving the company, including 100 filed by the company and 35 filed against it; 14 cases are pending. The company has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.3 Cr; the latest was in September 2022. The company has 10 MSME Form 1 returns on record between 2018 and 2023, listing 423 overdue payments to 61 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website guljag.com.
Company details
Name history
Guljag Industries has undergone 2 name changes throughout its history. The company was previously known as Gulabdas Jagannath Agencies Private Limited, and Gulabdas Jagannath Agencies Limited. The current legal name is Guljag Industries Limited.
| Company Name | Status |
|---|---|
| Guljag Industries Limited | Current |
| Gulabdas Jagannath Agencies Private Limited | Previous |
| Gulabdas Jagannath Agencies Limited | Previous |
Contact details
Guljag Industries Limited's registered office is in Mumbai, Maharashtra. Its website is guljag.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address19 Prem Courtjamshedji Tata Rd 199 Backbay Reclamation, Mumbai, Maharashtra, India – 400020
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Guljag Industries 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
Guljag Industries operates two associated brands: Guljag Infotech and Guljag. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chemical manufacturing, trading, IT solutions, and logistics provider in India. | guljag.com | |
| IT solutions for POS, restaurant, and autoshop software are provided by Guljag Infotech. | guljaginfotech.com |
Business activity
The main business activities of Guljag Industries are manufacturing, trade and transport and storage. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, wholesale trading and land transport via road. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading | |
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Guljag Industries Limited, buy the company report.
Financials of Guljag Industries Limited
FY 2023 filings availableGuljag Industries Limited reported revenue of ₹276.57 Cr (up 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 12% growth in the latest year. EBITDA fell 8% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹276.57 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.56 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Guljag Industries Limited, buy the company report.
Board of directors of Guljag Industries Limited
Guljag Industries has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Narendra Dhoot Also directs: Guljag Jaipur Gases Private Limited, Boranada Dye Chem Private Limited, Guljag Sayakha Chemicals Private Limited and 4 more | Director | 17 Jul 2006 | 20 Years 3 Months | Current |
| Dhiren Dhoot Also directs: Guljag Jaipur Gases Private Limited, Boranada Dye Chem Private Limited, Guljag Sayakha Chemicals Private Limited and 5 more | Whole-Time Director | 09 Jun 2008 | 18 Years 4 Months | Current |
| Pooja Dhoot Also directs: Silas Kids Products Private Limited | Director | 25 Aug 2023 | 3 Years 1 Months | Current |
| Shripati Mehta Also directs: Nimitta Creations LLP, Shripati and Associates Private Limited | Director | 12 Feb 2022 | 4 Years 8 Months | Current |
| Mudit Dinesh Dhoot | Director | 22 May 2018 | 8 Years 5 Months | Current |
Auditor
Guljag Industries Limited is audited by ANIL P S BHANSALI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL P S BHANSALI & CO | FY 2023 | 003514C |
Shareholding
The shareholding of Guljag Industries 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Guljag Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2024 | 100917464 | Others | ₹6.5 Lakh | Open | |
| 16 Mar 2024 | 100910125 | Others | ₹6.5 Lakh | Open | |
| 16 Mar 2024 | 100910122 | Others | ₹6.5 Lakh | Open | |
| 30 Jun 2021 | 100462064 | Hdfc Bank Limited | ₹8.4 Lakh | Open | |
| 10 Feb 2021 | 100421177 | Others | ₹29 Cr | Open |
To see the full charge records of Guljag Industries Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Guljag Industries Limited has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.3 Cr; the latest was in September 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Rights issue | ₹12 Cr | Investors: 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kusum Shyamsunder Jhawar Family Trust, Nud Dhoot Huf, S S Dhoot Huf |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Guljag Health Care Private Limited Seller: Vivesh Prop & Investment Private Limited |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
To see the full deal history of Guljag Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Guljag Industries Limited has 135 court cases on record: 100 filed by Guljag Industries, 35 filed against it. 14 cases are pending and 121 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 79 | 21 | 8 |
| District courts | 53 | 11 | 6 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 135)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by M/S Reynold India Pvt Ltd | Disposed |
| District court, Udaipur, Rajasthan | Civil miscellaneous application | Filed against the company by M/S Mithila Drugs Pvt.Ltd. | Disposed |
| District court, Udaipur, Rajasthan | Execution petition | Filed by the company against M/S Mithila Drugs Pvt.Ltd. | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Guljag Industries 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
Guljag Industries Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Guljag Industries Limited, buy the company report.
MSME payment delays
Guljag Industries Limited has 10 MSME Form 1 returns on record between 2018 and 2023, listing 423 overdue payments to 61 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| N.B.Mercantile Company Private Limited | |||
| an individual supplier | |||
| Chemitex India |
To see the full MSME payment records of Guljag Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Guljag Industries has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Boranada Dye Chem Private Limited | U24110MH2021PTC373543 | |
| Guljag Sayakha Chemicals Private Limited | U24299MH2021PTC372476 |
To see the full group structure of Guljag Industries Limited, buy the company report.
Employees & EPFO
Guljag Industries Limited has a workforce of 266 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Guljag Industries has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1267E2ZW | Maharashtra | Active | 04 Jun 2020 |
| 08AAACG1267E1ZX | Rajasthan | Active | 01 Jul 2017 |
| 24AAACG1267E2Z2 | Gujarat | Active | 27 Dec 2019 |
To see the full GST registrations and return filing status of Guljag Industries Limited, buy the company report.
Recent activity
Guljag Industries Limited has 19 board changes on record since 2006: 5 appointments and 14 cessations. The latest: Pooja Dhoot ceased to be Additional Director on 29 Sep 2023.
82 earlier events are in the company report.
Frequently asked questions
Guljag Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 21 May 1981 (45+ years old) and is registered under CIN U51900MH1981PLC024439.
Guljag Industries has 5 current directors:
- Dhiren Dhoot - Whole-Time Director
- Nilesh Narendra Dhoot - Director
- Pooja Dhoot - Director
- Shripati Mehta - Director
- Mudit Dinesh Dhoot - Director
The latest financial statements of Guljag Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Guljag Industries is 27AAACG1267E2ZW, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 08AAACG1267E1ZX (Rajasthan), 24AAACG1267E2Z2 (Gujarat).
The CIN (Corporate Identification Number) of Guljag Industries is U51900MH1981PLC024439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Guljag Industries has 135 court cases on record: 100 filed by the company and 35 filed against it. 14 are pending. Most are in the high courts.
Guljag Industries was incorporated on 21 May 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Guljag Industries has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.3 Cr; the latest was in September 2022.
Pooja Dhoot ceased to be Additional Director on 29 Sep 2023. Pooja Dhoot was appointed as Director on 25 Aug 2023. Harish Talwar ceased to be Director on 03 Jan 2023. Guljag Industries has 19 board changes on record in total.
Guljag Industries has 10 MSME Form 1 returns on record between 2018 and 2023, listing 423 overdue payments to 61 micro and small suppliers. The latest return was filed on 21 Jan 2024.
Guljag Industries can be reached through the website guljag.com. Its registered office is in Mumbai, Maharashtra, India.