About Foresight Bullion India Private Limited
Data last updated:
Foresight Bullion India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 19 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2013PTC242116. Its GSTIN is 27AAICM6540N1ZY (Maharashtra). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹3.1 Cr and a paid-up capital of ₹2.74 Cr. It was formerly known as Maysarah Trading Private Limited. It is led by directors Viraj Vimal Didwania and Naval Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 717 Floor – 7 Plot – 212 West Wing Tulsiani Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹825.93 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹1.09 Cr (net margin 0.1%) and EBITDA of ₹3.47 Cr (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹9 Cr and satisfied charges of ₹51.52 Cr on record. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹25 Lakh; the latest was in December 2022. Its 3 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Anjani Gold Private Limited with revenue of ₹860.56 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foresightbullion.in.
Company details
Contact details
Foresight Bullion India Private Limited's registered office is in Mumbai, Maharashtra. Its website is foresightbullion.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address717 Floor – 7 Plot – 212 West Wing Tulsiani Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Foresight Bullion India 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 Foresight Bullion India 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 Foresight Bullion India Private Limited, buy the company report.
Financials of Foresight Bullion India Private Limited
FY 2024 filings availableForesight Bullion India Private Limited reported revenue of ₹825.93 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 65% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.09 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| 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 Foresight Bullion India Private Limited, buy the company report.
Board of directors of Foresight Bullion India Private Limited
Foresight Bullion India 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 |
|---|---|---|---|---|
| Viraj Vimal Didwania | Director | 12 Jun 2013 | 13 Years 4 Months | Current |
| Naval Agrawal Also directs: Foresightt Fintrade Private Limited | Director | 09 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Foresight Bullion India Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anjani Gold Private Limited | ₹860.56 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| GCK Jewellers Private Limited | ₹840.37 Cr (FY 2025) | 179.0% | Amritsaqr, Punjab, India | |||
| Foresight Bullion India Private Limitedthis company | ₹825.93 Cr (FY 2025) | ₹1.09 Cr | 0.1% | 47.0% | Mumbai, Maharashtra, India | |
| Partik Exports Private Limited | ₹790.85 Cr (FY 2021) | 362.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Foresight Bullion India Private Limited, buy the company report.
Auditor
Foresight Bullion India Private Limited is audited by SWAPNESH AND VINIT for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWAPNESH AND VINIT | FY 2023 | 132482W |
Shareholding
The shareholding of Foresight Bullion India 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 Foresight Bullion India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2023 | 100719332 | Others | ₹9 Cr | Open | |
| 02 Dec 2019 | 100310663 | Standard Chartered Bank | ₹21.52 Cr | Satisfied | |
| 13 Jul 2016 | 100050290 | Axis Bank Limited | ₹20 Cr | Satisfied | |
| 27 Mar 2015 | 10561524 | Yes Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Foresight Bullion India Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Foresight Bullion India Private Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹25 Lakh; the latest was in December 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Nature Grove Enterprises LLP Seller: an individual |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Rights issue | ₹1.7 Cr | Investors: an individual |
| Mar 2015 | Funding round | ₹25 Lakh | Investors: an individual |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Foresight Bullion India 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
No court or tribunal cases involving Foresight Bullion India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Foresight Bullion India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Foresight Bullion India has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM6540N1ZY | Maharashtra | Active | 01 Jul 2017 |
| 07AAICM6540N1Z0 | Delhi | Active | 01 Jul 2017 |
| 08AAICM6540N1ZY | Rajasthan | Active | 01 Jul 2017 |
| 22AAICM6540N1Z8 | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Foresight Bullion India Private Limited, buy the company report.
Recent activity
Foresight Bullion India Private Limited has 10 board changes on record since 2013: 6 appointments and 4 cessations. The latest: Ashni Kishore Biyani ceased to be Director on 01 Dec 2022.
10 earlier events are in the company report.
Frequently asked questions
Foresight Bullion India is an active private 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 19 April 2013 (13+ years old) and is registered under CIN U51101MH2013PTC242116.
Foresight Bullion India has 2 current directors:
- Viraj Vimal Didwania - Director
- Naval Agrawal - Director
The latest financial statements of Foresight Bullion India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Foresight Bullion India is 27AAICM6540N1ZY, registered in Maharashtra. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAICM6540N1Z0 (Delhi), 08AAICM6540N1ZY (Rajasthan), 22AAICM6540N1Z8 (Chattisgarh).
The CIN (Corporate Identification Number) of Foresight Bullion India is U51101MH2013PTC242116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foresight Bullion India was incorporated on 19 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Foresight Bullion India has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹25 Lakh; the latest was in December 2022.
The peers of Foresight Bullion India by revenue are Anjani Gold Private Limited, GCK Jewellers Private Limited, Partik Exports Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Ashni Kishore Biyani ceased to be Director on 01 Dec 2022. Naval Agrawal was appointed as Director on 09 Nov 2022. Ashni Kishore Biyani was appointed as Director on 29 Oct 2014. Foresight Bullion India has 10 board changes on record in total.
Foresight Bullion India can be reached through the website foresightbullion.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Foresight Bullion India is at 717 Floor – 7 Plot – 212 West Wing Tulsiani Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
