About Gili India Limited
Data last updated:
Gili India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Nakshatra World Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 29 March 2001.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52393MH2001PLC131428. Its GSTIN is 19AABCG4027B1Z3 (West Bengal). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹6.6 Cr. It is led by directors including Dhanesh Vrajlal Sheth (Managing Director) and Aniyath Shivraman Nair.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹1,839.7 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹21.62 Cr (net margin 1.2%) and EBITDA of ₹72.07 Cr (EBITDA margin 3.9%).
The company has about 368 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,478 Cr and satisfied charges of ₹109.18 Cr on record. Court records list 53 cases involving the company, including 18 filed by the company and 35 filed against it; 7 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in March 2008. Its 3 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 1 larger and 2 smaller; the largest is Abharan Jewellers Private Limited with revenue of ₹2,147.91 Cr.
The last known website on record is gitanjaligroup.com.
Company details
CIN history
Gili India has one previous CIN (Corporate Identification Number): L52393MH2001PLC131428. The current CIN is U52393MH2001PLC131428, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52393MH2001PLC131428 | Current |
| L52393MH2001PLC131428 | Previous |
Contact details
Gili India Limited's registered office is in Mumbai, Maharashtra. Its website is gitanjaligroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressLaxmi Tower Office No. 6 'B' Wing 1st Floor 'G' Block Bandra Kurla Complex Bandra(, East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Gili India 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 activities of Gili India are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Gili India Limited, buy the company report.
Financials of Gili India Limited
FY 2016 filings availableGili India Limited reported revenue of ₹1,839.7 Cr (up 23% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year. EBITDA rose 21% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1,839.7 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹72.07 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹21.62 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.9% | |
| Net Profit Margin | 1.2% | |
| 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 Gili India Limited, buy the company report.
Board of directors of Gili India Limited
Gili India has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aniyath Shivraman Nair Also directs: MMTC Gitanjali Limited, Hyderabad Gems Sez Limited, Gitanjali Jewellery Retail Limited and 5 more | Director | 10 Dec 2012 | 13 Years 10 Months | As last reported |
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Managing Director | 16 Jul 2013 | 13 Years 3 Months | As last reported |
| Dinesh Gopaldas Bhatia Also directs: Gitanjali Lifestyle Limited, Gitanjali Jewellery Retail Limited, Gitanjali Infratech Limited and 1 more | Director | 30 Jun 2015 | 11 Years 4 Months | As last reported |
| Nazura Yash Ajaney | Director | 16 Dec 2016 | 9 Years 10 Months | As last reported |
Peer comparison
Gili India 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 (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abharan Jewellers Private Limited | ₹2,147.91 Cr (FY 2025) | 17.0% | Udupi, Karnataka, India | |||
| Gili India Limitedthis company | ₹1,839.7 Cr (FY 2016) | ₹21.62 Cr | 1.2% | 23.0% | 368 | Mumbai, Maharashtra, India |
| JK Sons Precious Metals Limited | ₹1,821.73 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Gold Star Jewellery Private Limited | ₹1,779.72 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gili India Limited, buy the company report.
Auditor
Gili India Limited is audited by Ford, Rhodes, Parks & Co. LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford, Rhodes, Parks & Co. LLP | FY 2016 |
Shareholding
The shareholding of Gili India Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gili India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2016 | 100084509 | Others | ₹465 Cr | Open | |
| 03 Jul 2013 | 10435554 | ₹300.5 Cr | Open | ||
| 30 Mar 2013 | 10428305 | Allbank Finance Ltd | ₹375 Cr | Open | |
| 12 Dec 2012 | 10397573 | Punjab National Bank | ₹75 Cr | Open | |
| 05 Jul 2012 | 10365041 | Axis Bank Limited | ₹37.5 Cr | Open |
To see the full charge records of Gili India Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Gili India Limited has 1 deal on record (1 acquisition); the latest was in March 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2008 | Acquisition | Undisclosed | Buyer: Gitanjali Gems Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gili India Limited has 53 court cases on record: 18 filed by Gili India, 35 filed against it. 7 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 28 | 5 |
| High courts | 15 | 5 | 1 |
| Supreme Court | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed by the company against Store One Retail India Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Icici Bank Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by India Infoline Finance Limited - Applicant | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by MMTC Gitanjali Ltd. and 9 others | Disposed |
| Bombay High Court | Appeal | Filed against the company by Aanchal Collection Ltd | Disposed |
To see the full case history of Gili India 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 Gili India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gili India Limited has a workforce of 368 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Gili India has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCG4027B1Z3 | West Bengal | Active | 01 Jul 2017 |
| 36AABCG4027B1Z7 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gili India Limited, buy the company report.
Recent activity
Gili India Limited has 18 board changes on record since 2006: 4 appointments and 14 cessations. The latest: Aniyath Shivraman Nair ceased to be Director on 27 Aug 2018.
33 earlier events are in the company report.
News
Frequently asked questions
Gili India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Gili India is a company under liquidation, formerly operating as a public 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 29 March 2001 and is registered under CIN U52393MH2001PLC131428. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gili India has 4 current directors:
- Dhanesh Vrajlal Sheth - Managing Director
- Aniyath Shivraman Nair - Director
- Dinesh Gopaldas Bhatia - Director
- Nazura Yash Ajaney - Director
The latest financial statements of Gili India on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gili India is U52393MH2001PLC131428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gili India has open charges of ₹1,478 Cr and satisfied charges of ₹109.18 Cr as per latest MCA filings.
Gili India has 53 court cases on record: 18 filed by the company and 35 filed against it. 7 are pending. Most are in the district courts.
Gili India was incorporated on 29 March 2001. It is registered with the Registrar of Companies, Mumbai.
Gili India has 1 deal on record (1 acquisition); the latest was in March 2008.
The peers of Gili India by revenue are Abharan Jewellers Private Limited, JK Sons Precious Metals Limited, Gold Star Jewellery Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Aniyath Shivraman Nair ceased to be Director on 27 Aug 2018. Dinesh Gopaldas Bhatia ceased to be Director on 28 Mar 2018. Nazura Yash Ajaney ceased to be Director on 18 Feb 2018. Gili India has 18 board changes on record in total.
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