Gandecha Developers Private Limited
About Gandecha Developers Private Limited
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Gandecha Developers 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 14 July 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32111MH1988PTC048110. Its GSTIN is 27AABCV1479L1ZW (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Vijay Diamond Private Limited. It is led by directors including Niraj Bipinchandra Desai and Haresh Chandulal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 3 Clifton Co – Op Hsg. Society Birla Lane Corner Juhu Vile Parle (West), Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.13 Lakh (net margin -0.6%) and EBITDA of ₹1.77 Cr (EBITDA margin 93.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
As per MCA filings, the company has open charges of ₹4.97 Cr and satisfied charges of ₹13.52 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Gandecha Developers has one previous CIN (Corporate Identification Number): U36911MH1988PTC048110. The current CIN is U32111MH1988PTC048110, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32111MH1988PTC048110 | Current |
| U36911MH1988PTC048110 | Previous |
Contact details
Gandecha Developers Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressB – 3 Clifton Co – Op Hsg. Society Birla Lane Corner Juhu Vile Parle (West), Mumbai, Maharashtra, India – 400049
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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
Financials of Gandecha Developers Private Limited
FY 2025 filings availableGandecha Developers Private Limited reported revenue of ₹1.89 Cr (up 85185% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.89 Cr | ||||
| Other Income | |||||
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| EBITDA | ₹1.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93.6% | ||||
| Net Profit Margin | -0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Gandecha Developers Private Limited, buy the company report.
Board of directors of Gandecha Developers Private Limited
Gandecha Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niraj Bipinchandra Desai | Director | 20 Nov 2018 | 7 Years 11 Months | Current |
| Haresh Chandulal Shah | Director | 02 Jan 1989 | 37 Years 9 Months | Current |
| Jayshree Haresh Shah | Director | 10 Jul 2025 | 1 Years 3 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2013 | 10453571 | Ing Vysya Bank Limited | ₹4 Cr | Open | |
| 24 May 1994 | 90225959 | New India Co Op Bank Ltd | ₹1.86 Lakh | Open | |
| 22 Feb 1994 | 90224485 | The Vysya Bank Ltd | ₹15 Lakh | Open | |
| 26 Apr 1990 | 90224171 | The Vysya Bank Ltd | ₹40 Lakh | Open | |
| 25 Apr 1990 | 90224170 | The Vysya Bank Ltd | ₹40 Lakh | Open |
To see the full charge records of Gandecha Developers Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Gandecha Developers Private Limited has 6 court cases on record: 3 filed by Gandecha Developers, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Aman Industries and Ors | Disposed |
| Bombay High Court | Court case (RP) | Filed against the company by Indian International and Ors. | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Indiana International and Ors | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Indiana International and Ors | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Aman Industries Ltd. | Disposed |
To see the full case history of Gandecha Developers 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 Gandecha Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gandecha Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV1479L1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gandecha Developers Private Limited, buy the company report.
Recent activity
Gandecha Developers Private Limited has 6 board changes on record since 1989: 3 appointments and 3 cessations. The latest: Jayshree Haresh Shah was appointed as Director on 10 Jul 2025.
15 earlier events are in the company report.
Frequently asked questions
Gandecha Developers 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 14 July 1988 (38+ years old) and is registered under CIN U32111MH1988PTC048110.
Gandecha Developers has 3 current directors:
- Niraj Bipinchandra Desai - Director
- Haresh Chandulal Shah - Director
- Jayshree Haresh Shah - Director
The latest financial statements of Gandecha Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gandecha Developers is 27AABCV1479L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Gandecha Developers is U32111MH1988PTC048110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gandecha Developers has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the high courts.
Gandecha Developers was incorporated on 14 July 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayshree Haresh Shah was appointed as Director on 10 Jul 2025. Niraj Bipinchandra Desai ceased to be Additional Director on 30 Sep 2019. Niraj Bipinchandra Desai was appointed as Director on 20 Nov 2018. Gandecha Developers has 6 board changes on record in total.
The registered office of Gandecha Developers is at B – 3 Clifton Co – Op Hsg. Society Birla Lane Corner Juhu Vile Parle West, Mumbai, Maharashtra, India – 400049.
Gandecha Developers operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.