About Gemini Equipment and Rentals Private Limited
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Gemini Equipment and Rentals Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Berggruen India Rentals. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 02 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2007PTC167468. Its GSTIN is 27AACCG7791F1ZC (Maharashtra). The company holds 14 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹155 Cr and a paid-up capital of ₹152.34 Cr. It is led by directors including Dimitrios Goulandris and Satish Bommaya Poojary.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3004 Akshar Business Park, Sector 25, Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹112.74 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹4.55 Cr (net margin 4%) and EBITDA of ₹22.12 Cr (EBITDA margin 19.6%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 17% over five years.
The company has about 553 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gear India. As per MCA filings, the company has open charges of ₹179.31 Cr and satisfied charges of ₹154.84 Cr on record. Court records list 83 cases involving the company, including 52 filed by the company and 31 filed against it; 10 cases are pending. The company has 19 deals on record (9 funding rounds, 7 rights issues, 2 secondary share transfers), with disclosed funding of ₹95.98 Cr; the latest was in April 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gear-india.com.
Company details
Contact details
Gemini Equipment and Rentals Private Limited's registered office is in Thane, Maharashtra. Its website is gear-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA/3004 Akshar Business Park P. No. 3, Sector 25 Vashi Navi Mumbai, Thane, Maharashtra, India – 400703
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Gemini Equipment and Rentals Private 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
Gemini Equipment and Rentals operates one associated brand: Gear India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Material handling equipment rentals and sales are provided by GEAR. | gear-india.com |
Business activity
The main business activity of Gemini Equipment and Rentals 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 Gemini Equipment and Rentals Private Limited, buy the company report.
Financials of Gemini Equipment and Rentals Private Limited
FY 2024 filings availableGemini Equipment and Rentals Private Limited reported revenue of ₹112.74 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 37% growth in the latest year. EBITDA rose 16% 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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| EBITDA | ₹22.12 Cr | ||||
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| Net Profit (PAT) | ₹4.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 19.6% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Gemini Equipment and Rentals Private Limited, buy the company report.
Board of directors of Gemini Equipment and Rentals Private Limited
Gemini Equipment and Rentals has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimitrios Goulandris Also directs: Premier People Logistic Solutions Private Limited | Director | 09 Nov 2009 | 17 Years 0 Months | Current |
| Satish Bommaya Poojary Also directs: Berggruen Properties Private Limited | Director | 06 May 2017 | 9 Years 6 Months | Current |
| Samyak Satish Mehta | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Gemini Equipment and Rentals Private Limited is audited by V. R. Jain & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. R. Jain & Co | FY 2023 | 103985W |
Shareholding
The shareholding of Gemini Equipment and Rentals 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 Gemini Equipment and Rentals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2025 | 101136524 | Others | ₹2.63 Cr | Open | |
| 11 Jun 2024 | 100953554 | Bank of India | ₹4.5 Cr | Open | |
| 16 Apr 2024 | 100916459 | Others | ₹1 Cr | Open | |
| 15 Feb 2024 | 100872519 | Others | ₹73.3 Lakh | Open | |
| 31 Jan 2024 | 100879666 | Others | ₹3.96 Lakh | Open |
To see the full charge records of Gemini Equipment and Rentals Private Limited, buy the company report.
Total charge records: 198 View all charges
Deals & funding
Gemini Equipment and Rentals Private Limited has 19 deals on record (9 funding rounds, 7 rights issues, 2 secondary share transfers), with disclosed funding of ₹95.98 Cr; the latest was in April 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Rights issue | ₹13.13 Cr | Investors: Berggruen Holdings, Cycladic Capital |
| Sep 2022 | Rights issue | ₹8.07 Cr | Investors: Berggruen Holdings, Cycladic Capital |
| Aug 2020 | Funding round | ₹3.82 Cr | Investors: Cycladic Capital, Berggruen Holdings |
| Jun 2020 | Rights issue | ₹2.84 Cr | Investors: Berggruen Holdings |
| Jul 2017 | Rights issue | ₹9.65 Cr | Investors: Berggruen Holdings, Cycladic Capital |
To see the full deal history of Gemini Equipment and Rentals Private 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
Gemini Equipment and Rentals Private Limited has 83 court cases on record: 52 filed by Gemini Equipment and Rentals, 31 filed against it. 10 cases are pending and 73 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 26 | 3 |
| High courts | 36 | 5 | 7 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by M/S Kotak Mahindra Bank Limited. Th Surendra Upadhyay | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by L and T Finance Limited | Pending |
| High Court | Civil suit | Filed by the company against Express Devcon Private Limited | Pending |
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by M/S Kotak Mahindra Bank Limited. Th Surendra Upadhyay | Disposed |
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by M/S Kotak Mahindra Bank Limited. Th Surendra Upadhyay | Disposed |
To see the full case history of Gemini Equipment and Rentals 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.
Credit ratings & regulatory alerts
Gemini Equipment and Rentals Private Limited was last rated by Brickwork on 04 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 04 Nov 2019 |
To see the full credit ratings and regulatory alerts of Gemini Equipment and Rentals Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gemini Equipment and Rentals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gemini Equipment and Rentals has 14 GST registrations: 7 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG7791F1ZC | Maharashtra | Active | 01 Jul 2017 |
| 05AACCG7791F1ZI | Uttarakhand | Active | 01 Jul 2017 |
| 22AACCG7791F1ZM | Chattisgarh | Active | 01 Jul 2017 |
| 24AACCG7791F1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gemini Equipment and Rentals Private Limited, buy the company report.
Recent activity
Gemini Equipment and Rentals Private Limited has 18 board changes on record since 2007: 3 appointments and 15 cessations. The latest: Samyak Satish Mehta ceased to be Additional Director on 30 Dec 2021.
329 earlier events are in the company report.
Frequently asked questions
Gemini Equipment and Rentals is an active private limited company based in Thane, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 02 February 2007 (19+ years old) and is registered under CIN U29253MH2007PTC167468.
Gemini Equipment and Rentals has 3 current directors:
- Dimitrios Goulandris - Director
- Satish Bommaya Poojary - Director
- Samyak Satish Mehta - Director
The latest financial statements of Gemini Equipment and Rentals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Gemini Equipment and Rentals is 27AACCG7791F1ZC, registered in Maharashtra. The company has 14 GST registrations in all, of which 7 are active and 7 are cancelled or inactive. Other active GSTINs include 05AACCG7791F1ZI (Uttarakhand), 22AACCG7791F1ZM (Chattisgarh), 24AACCG7791F1ZI (Gujarat).
The CIN (Corporate Identification Number) of Gemini Equipment and Rentals is U29253MH2007PTC167468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gemini Equipment and Rentals has 83 court cases on record: 52 filed by the company and 31 filed against it. 10 are pending. Most are in the district courts.
Gemini Equipment and Rentals was incorporated on 02 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Gemini Equipment and Rentals has 19 deals on record (9 funding rounds, 7 rights issues, 2 secondary share transfers), with disclosed funding of ₹95.98 Cr; the latest was in April 2023.
Samyak Satish Mehta ceased to be Additional Director on 30 Dec 2021. Samyak Satish Mehta was appointed as Director on 18 Aug 2021. Shobini Menon ceased to be Additional Director on 18 Aug 2021. Gemini Equipment and Rentals has 18 board changes on record in total.
Gemini Equipment and Rentals can be reached through the website gear-india.com. Its registered office is in Thane, Maharashtra, India.
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