About Damara Gold Private Limited
Data last updated:
Damara Gold Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 09 June 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2009PTC193131. Its GSTIN is 27AADCD1822D1Z6 (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.5 Cr. It is led by directors Jagdish Raghunath Pahuja and Monil Jagdish Pahuja.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 12 Ellora Co – Operative Housing Society 4th Road Khar (West), Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2022, the company reported a revenue of ₹277.88 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹2.45 Cr (net margin 0.9%) and EBITDA of ₹12.18 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 22% over five years.
The company has about 91 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹83.24 Cr and satisfied charges of ₹17.7 Cr on record. Court records list 19 cases involving the company, including 9 filed by the company and 10 filed against it; 7 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.49 Cr; the latest was in March 2014.
The last known website on record is damaragold.com.
Company details
Contact details
Damara Gold Private Limited's registered office is in Mumbai, Maharashtra. Its website is damaragold.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 Ellora Co – Operative Housing Society 4th Road Khar (West), Mumbai, Maharashtra, India – 400052
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Damara Gold 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
Business activity
The main business activity of Damara Gold is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Damara Gold Private Limited, buy the company report.
Financials of Damara Gold Private Limited
FY 2022 filings availableDamara Gold Private Limited reported revenue of ₹277.88 Cr (up 50% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 50% growth in the latest year. EBITDA fell 5% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹277.88 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.45 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Damara Gold Private Limited, buy the company report.
Board of directors of Damara Gold Private Limited
Damara Gold has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Raghunath Pahuja Also directs: Sobhraj Jewellers Pvt.Ltd., Troobloo Investment Private Limited | Director | 09 Jun 2009 | 17 Years 4 Months | As last reported |
| Monil Jagdish Pahuja | Director | 13 May 2011 | 15 Years 5 Months | As last reported |
Auditor
Damara Gold Private Limited is audited by S.M. Bhat & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.M. Bhat & Associates | FY 2022 | 131347W |
Shareholding
The shareholding of Damara Gold Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Damara Gold Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2022 | 100641503 | Others | ₹15 Cr | Open | |
| 14 Jul 2022 | 100603038 | Others | ₹1.44 Cr | Open | |
| 11 Sep 2014 | 10533655 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 13 Jun 2011 | 10292535 | Others | ₹65.8 Cr | Open | |
| 05 Sep 2018 | 100226067 | Yes Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Damara Gold Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Damara Gold Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.49 Cr; the latest was in March 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹4.5 Cr | Investors: 3 individuals |
| Mar 2011 | Funding round | ₹4.99 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Damara Gold Private Limited has 19 court cases on record: 9 filed by Damara Gold, 10 filed against it. 7 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 3 |
| District courts | 6 | 3 | 4 |
| NCLAT | 3 | 0 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of Maharashtra Through Its Authorised Officer Mr Neeraj Tiwari | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Sign International | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Sign International | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Punjab National Bank Through S.A.Wasnik | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
To see the full case history of Damara Gold 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Damara Gold Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Damara Gold Private Limited has a workforce of 91 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Damara Gold has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD1822D1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 24AADCD1822D1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Damara Gold Private Limited, buy the company report.
Recent activity
Damara Gold Private Limited has 6 board changes on record since 2009: 2 appointments and 4 cessations. The latest: Rajil Jagdish Pahuja ceased to be Director on 29 Mar 2025.
6 earlier events are in the company report.
Frequently asked questions
Damara Gold is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Damara Gold is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 09 June 2009 and is registered under CIN U74990MH2009PTC193131. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Damara Gold has 2 current directors:
- Jagdish Raghunath Pahuja - Director
- Monil Jagdish Pahuja - Director
The latest financial statements of Damara Gold on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Damara Gold is U74990MH2009PTC193131. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Damara Gold has open charges of ₹83.24 Cr and satisfied charges of ₹17.7 Cr as per latest MCA filings.
Damara Gold has 19 court cases on record: 9 filed by the company and 10 filed against it. 7 are pending. Most are in the high courts.
Damara Gold was incorporated on 09 June 2009. It is registered with the Registrar of Companies, Mumbai.
Damara Gold has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.49 Cr; the latest was in March 2014.
Rajil Jagdish Pahuja ceased to be Director on 29 Mar 2025. Jayachandran Sathyanarayanan ceased to be Director on 14 Nov 2022. Jitendra Monji Shah ceased to be Director on 22 Sep 2017. Damara Gold has 6 board changes on record in total.
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