About Gitanjali Exports Corporation Limited
Data last updated:
Gitanjali Exports Corporation Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 12 September 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51990MH2000PLC128664. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹17.25 Cr and a paid-up capital of ₹17.25 Cr. It was led by directors including Mehul Chinubhai Choksi (Managing Director) and Sudhirbhai Ambalal Mehta.
Its last annual general meeting (AGM) was held on 28 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at A – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2015, the company reported a revenue of ₹2,323.47 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2.15 Cr (net margin 0.1%) and EBITDA of ₹72.35 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company had satisfied charges of ₹1,118 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 2 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in June 2016.
The last known website on record is gitanjaligroup.com.
Company details
Contact details
Gitanjali Exports Corporation 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 AddressA – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Gitanjali Exports Corporation 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
Financials of Gitanjali Exports Corporation Limited
FY 2015 filings availableGitanjali Exports Corporation Limited reported revenue of ₹2,323.47 Cr (up 11% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 11% growth 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2,323.47 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹72.35 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹2.15 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 3.1% |
| 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 Gitanjali Exports Corporation Limited, buy the company report.
Board of directors of Gitanjali Exports Corporation Limited
Gitanjali Exports Corporation has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhirbhai Ambalal Mehta Also directs: Priyanka Gems Pvt Ltd, Rohan Diamonds Private Limited, Mozart Trading Private Limited and 5 more | Director | 25 Jan 2010 | 16 Years 9 Months | As last reported |
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 10 May 2014 | 12 Years 5 Months | As last reported |
| Dinesh Gopaldas Bhatia Also directs: Gitanjali Jewellery Retail Limited, Gitanjali Lifestyle Limited, Gitanjali Infratech Limited and 1 more | Director | 25 Jul 2015 | 11 Years 3 Months | As last reported |
| Mehul Chinubhai Choksi Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Managing Director | 12 Sep 2000 | 26 Years 1 Months | As last reported |
Auditor
Gitanjali Exports Corporation Limited is audited by Ford, Rhodes, Parks & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford, Rhodes, Parks & Co. | FY 2015 |
Shareholding
The shareholding of Gitanjali Exports Corporation Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Gitanjali Exports Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2011 | 10275097 | Bank of Baroda | ₹44.5 Cr | Satisfied | |
| 28 Apr 2010 | 10223076 | Corporation Bank | ₹12.1 Cr | Satisfied | |
| 29 Mar 2010 | 10214352 | State Bank of India | ₹15 Cr | Satisfied | |
| 29 Jun 2009 | 10172469 | Allahabad Bank | ₹6 Cr | Satisfied | |
| 30 Mar 2009 | 10157095 | Central Bank of India | ₹60 Cr | Satisfied |
To see the full charge records of Gitanjali Exports Corporation Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Gitanjali Exports Corporation Limited has 1 deal on record (1 acquisition); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | 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
Gitanjali Exports Corporation Limited has 11 court cases on record: 4 filed by Gitanjali Exports Corporation, 7 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 5 | 1 |
| District courts | 4 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AO) | Filed against the company by MMTC Gitanjali Ltd. and 9 others | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by Gitanjali Gems Limited and 11 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL CASE) | Filed against the company by an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by The Principal Commissioner of Income Tax Central-1 Mumbai | Pending |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by M/S. Divyanirman Jewels, A Partnership Firm, Thru Its Autho. Partner Mr. Digvijaysinh H. Jadeja | Disposed |
To see the full case history of Gitanjali Exports Corporation 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 Gitanjali Exports Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gitanjali Exports Corporation Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Gitanjali Exports Corporation has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gitanjali Exports Corporation Limited, buy the company report.
Recent activity
Gitanjali Exports Corporation Limited has 16 board changes on record since 2000: 4 appointments and 12 cessations. The latest: Lata Kishor Saraiya ceased to be Director on 19 Oct 2015.
46 earlier events are in the company report.
News
Frequently asked questions
Gitanjali Exports Corporation has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gitanjali Exports Corporation was a public limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 12 September 2000 and is registered under CIN U51990MH2000PLC128664. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gitanjali Exports Corporation was incorporated on 12 September 2000. It is registered with the Registrar of Companies, Mumbai.
Gitanjali Exports Corporation had 4 directors:
- Mehul Chinubhai Choksi - Managing Director
- Sudhirbhai Ambalal Mehta - Director
- Dhanesh Vrajlal Sheth - Director
- Dinesh Gopaldas Bhatia - Director
The CIN (Corporate Identification Number) of Gitanjali Exports Corporation is U51990MH2000PLC128664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Gitanjali Exports Corporation is at A – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Gitanjali Exports Corporation can be reached through the website gitanjaligroup.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Gitanjali Exports Corporation on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 28 September 2015. Year-wise statements from 2015 are in the company report.
No. Gitanjali Exports Corporation has 4 GST registrations on record and all of them are cancelled or inactive.
Gitanjali Exports Corporation operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
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