About Gitanjali Jewellery Retail Limited
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Gitanjali Jewellery Retail Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gitanjali Gems Ltd. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 22 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2005PLC156266. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Modali Jewels Private Limited and Gitanjali Jewellery Retail Private Limited. It is led by directors including Aniyath Shivraman Nair and Dinesh Gopaldas Bhatia.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹610.15 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹38.48 Lakh (net margin -0.1%) and EBITDA of ₹51.73 Lakh (EBITDA margin 0.1%).
The company has about 75 employees on its provident fund (EPFO) records.
Court records list 50 cases involving the company, including 22 filed by the company and 28 filed against it; 5 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹99 Lakh; the latest was in March 2010. Its 5 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 2 smaller; the largest is Om Jewellers Private Limited with revenue of ₹630.11 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website gitanjalijewels.com.
Company details
Name history
Gitanjali Jewellery Retail has undergone 2 name changes throughout its history. The company was previously known as Modali Jewels Private Limited, and Gitanjali Jewellery Retail Private Limited. The current legal name is Gitanjali Jewellery Retail Limited.
| Company Name | Status |
|---|---|
| Gitanjali Jewellery Retail Limited | Current |
| Modali Jewels Private Limited | Previous |
| Gitanjali Jewellery Retail Private Limited | Previous |
CIN history
Gitanjali Jewellery Retail has one previous CIN (Corporate Identification Number): U36911MH2005PTC156266. The current CIN is U36911MH2005PLC156266, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36911MH2005PLC156266 | Current |
| U36911MH2005PTC156266 | Previous |
Contact details
Gitanjali Jewellery Retail Limited's registered office is in Mumbai, Maharashtra. Its website is gitanjalijewels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressLaxmi Tower Office No.6 'B' Wing 1st Floor 'G' Block Bandra Kurla Complex Bandra, (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Gitanjali Jewellery Retail 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
Business activity
The main business activity of Gitanjali Jewellery Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Gitanjali Jewellery Retail Limited, buy the company report.
Financials of Gitanjali Jewellery Retail Limited
FY 2016 filings availableGitanjali Jewellery Retail Limited reported revenue of ₹610.15 Cr (down 1% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA rose 106% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹610.15 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹51.73 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹38.48 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.1% | |
| Net Profit Margin | -0.1% | |
| 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 Gitanjali Jewellery Retail Limited, buy the company report.
Board of directors of Gitanjali Jewellery Retail Limited
Gitanjali Jewellery Retail has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aniyath Shivraman Nair Also directs: Gitanjali Infratech Limited, Rohan Mercantile Private Limited, Naviraj Estates Private Limited and 5 more | Director | 25 Feb 2012 | 14 Years 8 Months | Current |
| Dinesh Gopaldas Bhatia | Director | 25 Jul 2015 | 11 Years 3 Months | Current |
| Chetna Jayantilal Jhaveri Also directs: Bezel Jewellery (India) Private Limited | Director | 20 Mar 2014 | 12 Years 7 Months | Current |
| Mehul Chinubhai Choksi Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 25 Feb 2012 | 14 Years 8 Months | Current |
Peer comparison
Gitanjali Jewellery Retail Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Om Jewellers Private Limited | ₹630.11 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Khanna Jewellers Private Limited | ₹628.67 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Nalli Silk Sarees Private Limited | ₹621.76 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Gitanjali Jewellery Retail Limitedthis company | ₹610.15 Cr (FY 2016) | -₹38.48 Lakh | -0.1% | -1.0% | 75 | Mumbai, Maharashtra, India |
| Shrenik Diamond Private Limited | ₹603.53 Cr (FY 2025) | -28.0% | Surat, Gujarat, India | |||
| Emerald Jewellery Retail Limited | ₹575.59 Cr (FY 2018) | 19.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Gitanjali Jewellery Retail Limited, buy the company report.
Auditor
Gitanjali Jewellery Retail Limited is audited by Ford, Rhodes, Parks & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford, Rhodes, Parks & Co. | FY 2016 | 102860W/W100089 |
Shareholding
The shareholding of Gitanjali Jewellery Retail Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gitanjali Jewellery Retail Limited, buy the company report.
Deals & funding
Gitanjali Jewellery Retail Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹99 Lakh; the latest was in March 2010.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Funding round | ₹35 Lakh | Investors: Gitanjali Gems Ltd |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Gitanjali Gems Ltd Seller: Modern India Limited |
| Aug 2006 | Secondary share transfer | Undisclosed | Buyer: Gitanjali Gems Ltd , Modern India Limited Seller: 2 individuals |
| Jul 2006 | Funding round | ₹64 Lakh | Investors: Modern India Limited , Gitanjali Gems Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gitanjali Jewellery Retail Limited has 50 court cases on record: 22 filed by Gitanjali Jewellery Retail, 28 filed against it. 5 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 10 | 1 |
| District courts | 18 | 17 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Ms. Quantum Equipment Co. Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by MMTC Gitanjali Ltd. and 9 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Ms. Quantum Equipment Co. Pvt. Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Grauer and Weil (India) Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES W) | Filed against the company by Grauer and Weil (India) Ltd | Disposed |
To see the full case history of Gitanjali Jewellery Retail 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 Gitanjali Jewellery Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gitanjali Jewellery Retail Limited has a workforce of 75 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Gitanjali Jewellery Retail has 10 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 Gitanjali Jewellery Retail Limited, buy the company report.
Recent activity
Gitanjali Jewellery Retail Limited has 20 board changes on record since 2008: 4 appointments and 16 cessations. The latest: Aniyath Shivraman Nair ceased to be Director on 27 Aug 2018.
11 earlier events are in the company report.
Frequently asked questions
Gitanjali Jewellery Retail is an active public limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 22 September 2005 (21+ years old) and is registered under CIN U36911MH2005PLC156266.
Gitanjali Jewellery Retail has 4 current directors:
- Aniyath Shivraman Nair - Director
- Dinesh Gopaldas Bhatia - Director
- Chetna Jayantilal Jhaveri - Director
- Mehul Chinubhai Choksi - Director
The latest financial statements of Gitanjali Jewellery Retail on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
No. Gitanjali Jewellery Retail has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Gitanjali Jewellery Retail is U36911MH2005PLC156266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gitanjali Jewellery Retail has 50 court cases on record: 22 filed by the company and 28 filed against it. 5 are pending. Most are in the high courts.
Gitanjali Jewellery Retail was incorporated on 22 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Gitanjali Jewellery Retail has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹99 Lakh; the latest was in March 2010.
The peers of Gitanjali Jewellery Retail by revenue are Om Jewellers Private Limited, Khanna Jewellers Private Limited, Nalli Silk Sarees Private Limited, Shrenik Diamond Private Limited, Emerald Jewellery Retail Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading).
Aniyath Shivraman Nair ceased to be Director on 27 Aug 2018. Dinesh Gopaldas Bhatia ceased to be Director on 28 Mar 2018. Chetna Jayantilal Jhaveri ceased to be Director on 02 Feb 2018. Gitanjali Jewellery Retail has 20 board changes on record in total.
Gitanjali Jewellery Retail can be reached through the website gitanjalijewels.com. Its registered office is in Mumbai, Maharashtra, India.