About Gitanjali Gems LTD
Data last updated:
Gitanjali Gems LTD is a public limited company based in Mumbai, Maharashtra, India. 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 specialises in watches and jewelry manufacturing, a part of the broader consumer goods sector. Incorporated on 21 August 1986, the company has been in operation for over 40 years.
Registered with ROC Mumbai under CIN L36911MH1986PLC040689. Listed on BSE: 532715.
Capital: an authorised share capital of ₹167.25 Cr and a paid-up capital of ₹118.62 Cr. It is led by director Mehul Chinubhai Choksi.
Last AGM: 28 September 2017. Financial statements filed for year ended 31 March 2017. Office: A – 1 7Th Floor Laxmi Tower Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2017, the company reported a revenue of ₹16,831 Cr, a growth of 19% compared to the previous year.
The company has a workforce of approximately 631 employees as per the latest available data. Its group structure includes 34 subsidiaries.
The company is associated with 1 brand - Gitanjali Gems. As per MCA filings, the company has open charges of ₹14,264 Cr and satisfied charges of ₹6,139.42 Cr on record.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is gitanjaligroup.com.
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- Website
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- Registered AddressA – 1 7Th Floor Laxmi Tower Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Gitanjali Gems
Gitanjali Gems operates one associated brand: Gitanjali Gems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are provided in Maine. | gitanjaligroup.com |
Business Activity of Gitanjali Gems
The main business activities of Gitanjali Gems 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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Gitanjali Gems LTD
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Gitanjali Gems
Gitanjali Gems LTD is audited by FORD RHODES PARKS & CO LLP for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| FORD RHODES PARKS & CO LLP | Locked | Locked | Locked |
Complete auditor history for Gitanjali Gems LTD
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Gitanjali Gems LTD
Gitanjali Gems has 1 current director and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Chinubhai Choksi Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Managing Director | 21 Aug 1986 | 40 Years 1 Months | As last reported |
Financials of Gitanjali Gems LTD FY 2017 filings available
Gitanjali Gems LTD reported revenue of ₹16,831 Cr (up 19.00% YoY) for FY 2017.
Ten-year financial statements for Gitanjali Gems LTD
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Gitanjali Gems
Shareholding and ownership data for Gitanjali Gems LTD
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Gitanjali Gems LTD
Gitanjali Gems has 34 subsidiary companies and 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Nakshatra World Limited | U01100MH1995PLC095425 | Locked |
| Nakshatra World Limited | U01100MH1995PLC095425 | Locked |
| Hyderabad Gems Sez Limited | U27205TG2004PLC044751 | Locked |
| Hyderabad Gems Sez Limited | U27205TG2004PLC044751 | Locked |
| Nakshatra Brands Limited | U36910MH2004PLC146406 | Locked |
| Nakshatra Brands Limited | U36910MH2004PLC146406 | Locked |
Showing major subsidiaries. Total: 34.
Charges & Borrowings of Gitanjali Gems
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2016 | Syndicate Bank | ₹40.36 Cr | Open |
| 19 Aug 2016 | Others | ₹60 Cr | Open |
| 29 Oct 2015 | Others | ₹109 Cr | Open |
| 11 Jul 2015 | Union Bank of India | ₹21 Cr | Open |
| 21 May 2015 | Corporation Bank | ₹52 Cr | Open |
Total charge records: 151 View all charges
Employees and EPFO Compliance at Gitanjali Gems
Gitanjali Gems LTD has a workforce of 631 employees as of Apr 05, 2024.
Employee and EPFO history for Gitanjali Gems LTD
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Gitanjali Gems
GST registrations and filing compliance for Gitanjali Gems LTD
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Gitanjali Gems
Credit ratings, litigation, and regulatory alerts for Gitanjali Gems LTD
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Gitanjali Gems
MSME payment history for Gitanjali Gems LTD
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Gitanjali Gems
Corporate group structure for Gitanjali Gems LTD
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Gitanjali Gems
MCA filings and documents for Gitanjali Gems LTD
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Gitanjali Gems
Recent News on Gitanjali Gems
Frequently Asked Questions about Gitanjali Gems LTD
Gitanjali Gems 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.
Gitanjali Gems is a company under liquidation, formerly operating as a public limited company in the consumer goods sector based in Mumbai, Maharashtra, India. It was incorporated on 21 August 1986 and is registered under CIN L36911MH1986PLC040689. Listed on BSE: 532715. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gitanjali Gems reported revenue of ₹16,831 Cr for FY 2017 (up 19.00% YoY).
The current directors of Gitanjali Gems are:
- Mehul Chinubhai Choksi - Managing Director
The CIN (Corporate Identification Number) of Gitanjali Gems is L36911MH1986PLC040689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gitanjali Gems is listed on BSE with code 532715.