India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,233 Russell Arunkumar Mehta & family ₹1,900 Cr
Banas Jewels LLP
Banas Jewels LLP - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Limited Liability Partnership consumer goods
Revenue · FY 2023
₹195.43 Cr
▲ 86% YoY
Net profit · FY 2023
₹6.31 Cr
Net margin 3.2%
EBITDA · FY 2023
₹9.91 Cr
EBITDA margin 5.1%
Contribution obligation
₹1 Lakh
As per LLP agreement
Open charges
₹30 Cr
Secured borrowings
LLP age
14 yrs
Est. 2012
Employees · EPFO
62
Provident fund records
Designated partners
2
As per MCA filings
About Banas Jewels LLP
Data last updated:
Banas Jewels LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 25 January 2012 and has been in existence for over 14 years.
Its director Russell Arunkumar Mehta and family are #1,233 among India's richest people (2026).
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAA-7748. Its GSTIN is 27AALFB5836G1ZA (Maharashtra).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Russell Arunkumar Mehta and Amar Kishorchandra Kothari.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹195.43 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹6.31 Cr (net margin 3.2%) and EBITDA of ₹9.91 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 45% over five years.
The LLP has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹30 Cr on record. Court records list 2 cases involving the LLP, including 1 filed by the LLP and 1 filed against it; 1 case is pending.
Company Details of Banas Jewels LLP
LLPIN AAA-7748
Incorporation Date 25 January 2012
Total Obligation of Contribution ₹1 Lakh
ROC Mumbai
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Banas Jewels
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address2nd Floor A – Wing Plot No.12 Chakravarti Ashok Road, Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
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Financials of Banas Jewels LLP FY 2025 filings available
Banas Jewels LLP reported revenue of ₹195.43 Cr (up 86% YoY) for FY 2023.
Revenue · FY 2023
₹195.43 Cr ▲ 86%
Net profit · FY 2023
₹6.31 Cr margin 3.2%
EBITDA · FY 2023
₹9.91 Cr margin 5.1%
Compounded Annual Growth Rate (CAGR) of Banas Jewels LLP
Revenue CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 41%
5 years · compounded
▲ 45%
EBITDA CAGR growth
1 year
▲ 388%
3 years · compounded
▲ 47%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 86% growth in the latest year. EBITDA rose 388% 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 of Banas Jewels LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹6.31 Cr | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Banas Jewels LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Banas Jewels are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Designated Partners of Banas Jewels LLP
Banas Jewels has 2 current designated partners and 3 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Russell Arunkumar Mehta Also directs: Orra Fine Jewellery Private Limited, Rosy Blue (India) Private Limited, RB One Source Private Limited and 5 more | Designated Partner | 25 Jan 2012 | 14 Years 8 Months | Current |
| Amar Kishorchandra Kothari Also directs: Luminos Creations LLP, Blue Helios Trading LLP, Orra Fine Jewellery Private Limited and 4 more | Designated Partner | 01 Apr 2021 | 5 Years 6 Months | Current |
Ownership and Shareholding of Banas Jewels LLP
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Banas Jewels LLP
Open charges
₹30 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Nov 2018 | Hdfc Bank Limited | ₹30 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Banas Jewels LLP
Banas Jewels LLP has 2 court cases on record: 1 filed by Banas Jewels, 1 filed against it. 1 case is pending and 1 is disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against August Jewellery Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Pending |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Banas Jewels LLP
Banas Jewels LLP has a workforce of 88 employees as of Mar 27, 2024.
Employee count
88
Active EPFO establishments
1
Employee growth
35.38%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Banas Jewels LLP
Banas Jewels LLP has 6 designated partner changes on record since 2012: 4 appointments and 2 cessations. The latest: Amar Kishorchandra Kothari was appointed as Designated Partner on 01 Apr 2021.
AGM
Banas Jewels Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Banas Jewels Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 3,000.00 Lakh registered on 13 Nov 2018 with Charge ID 100225404 was modified on 19 May 2023.
Appointed
Amar Kishorchandra Kothari was appointed as Designated Partner.
Appointed
Megha Amar Kothari was appointed as Partner.
Appointed
Mona Russell Mehta was appointed as Partner.
Ceased
Shloka Russell Mehta ceased to be Partner.
Ceased
Mona Russell Mehta ceased to be Designated Partner.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3,000.00 Lakh with Charge ID 100225404 was registered on 13 Nov 2018.
Appointed
Russell Arunkumar Mehta was appointed as Designated Partner.
Incorporation
25 Jan 2012
Banas Jewels Llp was registered on 25 Jan 2012 with Roc Mumbai & aged 14 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Banas Jewels LLP
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Banas Jewels LLP
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Banas Jewels LLP
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Banas Jewels LLP
Banas Jewels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALFB5836G1ZA | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Banas Jewels LLP
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Banas Jewels LLP
Banas Jewels is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 25 January 2012 (14+ years old) and is registered under LLPIN AAA-7748.
Banas Jewels reported revenue of ₹195.43 Cr for FY 2023 (up 86% YoY).
Banas Jewels has 2 current designated partners:
- Russell Arunkumar Mehta - Designated Partner
- Amar Kishorchandra Kothari - Designated Partner
Banas Jewels reported a net profit of ₹6.31 Cr (net margin 3.2%) and EBITDA of ₹9.91 Cr (EBITDA margin 5.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Banas Jewels is 41% over three years and 45% over five years. In the latest year (FY 2023) revenue rose 86%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Banas Jewels is 27AALFB5836G1ZA, registered in Maharashtra.
The LLPIN (Limited Liability Partnership Identification Number) of Banas Jewels is AAA-7748. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Banas Jewels has 2 court cases on record: 1 filed by the LLP and 1 filed against it. 1 is pending.
Banas Jewels was incorporated on 25 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Amar Kishorchandra Kothari was appointed as Designated Partner on 01 Apr 2021. Megha Amar Kothari was appointed as Partner on 01 Apr 2021. Mona Russell Mehta was appointed as Partner on 01 Apr 2021. Banas Jewels has 6 designated partner changes on record in total.