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
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
Banas Jewels LLP's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address2nd Floor A – Wing Plot No.12 Chakravarti Ashok Road, Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Banas Jewels LLP, buy the company report.
Comprehensive company report
Banas Jewels LLP - one report that includes everything
- 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
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Financials of Banas Jewels LLP
FY 2025 filings availableBanas 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)
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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profit After Tax | ₹6.31 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of Banas Jewels LLP, buy the company report.
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 |
Charges & borrowings
Open charges
₹30 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2018 | 100225404 | Hdfc Bank Limited | ₹30 Cr | Open |
To see the full charge records of Banas Jewels LLP, buy the company report.
Total charge records: 1 View all charges
Legal cases
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.
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 Ltd and 2 others | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Pending |
To see the full case history of Banas Jewels LLP, 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 Banas Jewels LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Banas Jewels LLP has a workforce of 88 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
88
Active EPFO establishments
1
Employee growth
35.38%
GST
Banas Jewels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALFB5836G1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banas Jewels LLP, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current designated partners:
- Russell Arunkumar Mehta - Designated Partner
- Amar Kishorchandra Kothari - Designated Partner
The latest financial statements of Banas Jewels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
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.
The registered office of Banas Jewels is at 2nd Floor A – Wing Plot No.12 Chakravarti Ashok Road, Kandivali East, Mumbai, Maharashtra, India – 400101.
Banas Jewels operates in the consumer goods industry, in the watches and jewelry manufacturing segment.