About GBTL Limited
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GBTL Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Rajendra Synthetics Llp. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 11 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2007PLC173993. Its GSTIN is 27AACCG9347F1ZG (Maharashtra). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20.05 Cr. It was formerly known as Grasim Bhiwani Textiles Limited. It is led by directors including Rahul Rajendra Agarwal (Whole-Time Director) and Ankit Arun Jogani (Whole-Time Director).
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 Donear House 8th Floor Plot No. A – 50 Road No. 1 MIDC Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹588.8 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹26.49 Cr (net margin 4.5%) and EBITDA of ₹67.88 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 8% over five years.
The company has about 1,123 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: GBTL and Grasim Bhiwani Textiles. As per MCA filings, the company has open charges of ₹619.14 Cr and satisfied charges of ₹126.76 Cr on record. Court records list 157 cases involving the company, including 126 filed by the company and 31 filed against it; 40 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in March 2018. Its 7 peer companies in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is LTK Industries Private Limited with revenue of ₹691.16 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2023, listing 169 overdue payments to 48 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 grasimbhiwanitextiles.com.
Company details
Contact details
GBTL Limited's registered office is in Mumbai, Maharashtra. Its website is grasimbhiwanitextiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDonear House 8th Floor Plot No. A – 50 Road No. 1 MIDC Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of GBTL 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
GBTL operates two associated brands: GBTL and Grasim Bhiwani Textiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fabric textiles are manufactured and services are provided in India. | grasimbhiwanitextiles.com | |
| Fabric manufacturing, sustainable textiles, and apparel solutions in the textiles sector. | gbtl.in |
Business activity
The main business activity of GBTL is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of GBTL Limited, buy the company report.
Financials of GBTL Limited
FY 2024 filings availableGBTL Limited reported revenue of ₹588.8 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 17% growth in the latest year. EBITDA fell 9% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹67.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.49 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of GBTL Limited, buy the company report.
Board of directors of GBTL Limited
GBTL has 4 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Rajendra Agarwal | Whole-Time Director | 10 Jul 2017 | 9 Years 3 Months | Current |
| Ankit Arun Jogani Also directs: Neo Stretch Private Limited | Whole-Time Director | 12 Mar 2021 | 5 Years 7 Months | Current |
| Uma Rajendra Agarwal Also directs: Un Reality Private Limited, Donear Synthetics Ltd | Director | 31 Mar 2019 | 7 Years 7 Months | Current |
| Medha Pattanayak | Director | 12 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
GBTL Limited is compared with the 7 companies closest to it by revenue in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LTK Industries Private Limited | ₹691.16 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Matrix Clothing Private Limited | ₹653.37 Cr (FY 2024) | -36.0% | Gurgaon, Haryana, India | |||
| Zivore Apparel Private Limited | ₹612.17 Cr (FY 2025) | 25.0% | Delhi, India | |||
| GBTL Limitedthis company | ₹588.8 Cr (FY 2025) | ₹26.49 Cr | 4.5% | 17.0% | 1,123 | Mumbai, Maharashtra, India |
| Royal Classic Mills Private Limited | ₹572.64 Cr (FY 2024) | -19.0% | Coimbatore, Tamil Nadu, India | |||
| Harman Cottex & Seeds Private Limited | ₹530.53 Cr (FY 2025) | -4.0% | Khargone, Madhya Pradesh, India | |||
| Mangla Apparels India Private Limited | ₹517.32 Cr (FY 2025) | 28.0% | Delhi, India | |||
| Duke Fashions (India) Limited | ₹480.04 Cr (FY 2025) | 27.0% | Punjab, India |
To see the full peer comparison of GBTL Limited, buy the company report.
Auditor
GBTL Limited is audited by M L Bhuwania and Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M L Bhuwania and Co LLP | FY 2023 | 101484W |
Shareholding
The shareholding of GBTL 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 GBTL Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101164013 | Hdfc Bank Limited | ₹12.07 Cr | Open | |
| 10 Jun 2024 | 100945975 | Yes Bank Limited | ₹20.5 Cr | Open | |
| 26 Apr 2024 | 100918781 | Others | ₹23 Cr | Open | |
| 26 Dec 2022 | 100665922 | Others | ₹34 Cr | Open | |
| 19 Oct 2021 | 100496591 | Yes Bank Limited | ₹5.16 Cr | Open |
To see the full charge records of GBTL Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
GBTL Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in March 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Rajendra Synthetics Private Limited Seller: Grasim Industries Ltd |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Grasim Industries Ltd Seller: Heritage Housing Finance Ltd |
| Nov 2007 | Funding round | ₹60 Cr | Investors: Grasim Industries Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GBTL Limited has 157 court cases on record: 126 filed by GBTL, 31 filed against it. 40 cases are pending and 117 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 148 | 24 | 38 |
| High courts | 9 | 7 | 2 |
Cases on record (5 of 157)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CM(M)) | Filed by the company against Eastern Linkers Pvt Ltd & Anr. | Pending |
| District court, Bhiwani, Haryana | Cheque dishonour complaint | Filed by the company against M/S Anr Fabtex Pvt. Ltd. Through Directors Aditya Kumar and Rohtash Kumar Rohit | Pending |
| District court, Bhiwani, Haryana | Civil suit | Filed by the company against M/S Nature Fabtech Private Ltd. and 2 others | Pending |
| District court, Bhiwani, Haryana | Civil suit | Filed by the company against Nagarjuna Fertilizers and Chemicals Limited and 3 others | Pending |
| District court, Bhiwani, Haryana | Cheque dishonour complaint | Filed by the company against M/S Brothers Fine Garments Private Limited | Disposed |
To see the full case history of GBTL 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
GBTL Limited has 9 MSME Form 1 returns on record between 2021 and 2023, listing 169 overdue payments to 48 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 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Shiva Engineering Works |
To see the full MSME payment records of GBTL Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
GBTL Limited has a workforce of 1,123 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
GBTL has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG9347F1ZG | Maharashtra | Active | 01 Jul 2017 |
| 06AACCG9347F1ZK | Haryana | Active | 01 Jul 2017 |
| 29AACCG9347F1ZC | Karnataka | Active | 01 Jul 2017 |
| 24AACCG9347F1ZM | Gujarat | Active | 16 Jan 2019 |
To see the full GST registrations and return filing status of GBTL Limited, buy the company report.
Recent activity
GBTL Limited has 27 board changes on record since 2009: 4 appointments and 23 cessations. The latest: Ankit Arun Jogani ceased to be Additional Director on 30 Nov 2021.
52 earlier events are in the company report.
News
Frequently asked questions
GBTL is an active public limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 11 September 2007 (19+ years old) and is registered under CIN U17120MH2007PLC173993.
GBTL has 4 current directors:
- Rahul Rajendra Agarwal - Whole-Time Director
- Ankit Arun Jogani - Whole-Time Director
- Uma Rajendra Agarwal - Director
- Medha Pattanayak - Director
The latest financial statements of GBTL 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 GBTL is 27AACCG9347F1ZG, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 06AACCG9347F1ZK (Haryana), 29AACCG9347F1ZC (Karnataka), 24AACCG9347F1ZM (Gujarat).
The CIN (Corporate Identification Number) of GBTL is U17120MH2007PLC173993. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GBTL has 157 court cases on record: 126 filed by the company and 31 filed against it. 40 are pending. Most are in the district courts.
GBTL was incorporated on 11 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
GBTL has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in March 2018.
The peers of GBTL by revenue are LTK Industries Private Limited, Matrix Clothing Private Limited, Zivore Apparel Private Limited, Royal Classic Mills Private Limited, Harman Cottex & Seeds Private Limited and 2 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Ankit Arun Jogani ceased to be Additional Director on 30 Nov 2021. Medha Pattanayak ceased to be Additional Director on 30 Nov 2021. Suresh Saraf ceased to be CFO on 30 Sep 2021. GBTL has 27 board changes on record in total.
GBTL has 9 MSME Form 1 returns on record between 2021 and 2023, listing 169 overdue payments to 48 micro and small suppliers. The latest return was filed on 15 Dec 2023.
GBTL can be reached through the website grasimbhiwanitextiles.com. Its registered office is in Mumbai, Maharashtra, India.
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