Gitanjali Gems Ltd - Company Profile

Q: Who are the current directors of Gitanjali Gems Ltd?

The current directors of Gitanjali Gems Ltd are Anil Umesh Haldipur, Santanu T Ray, Dhanesh Vrajlal Sheth, Chandrakant Kanu Karkare, Krishnan Sangameshwaran, Nazura Yash Ajaney, Mehul Chinubhai Choksi.

It is a consumer goods public limited company based in Mumbai, Maharashtra, India, established in 1986.

1986 Mumbai, Maharashtra, India Under Liquidation

Last Updated: June 24, 2025

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About Gitanjali Gems Ltd

Gitanjali Gems Ltd, a under liquidation public limited company, was established on 21 August 1986 in Mumbai, Maharashtra, India. Engaging in watches & jewelry manufacturing within the manufacturing sector, it holds CIN: L36911MH1986PLC040689. Registered under ROC Roc Mumbai. it is listed on BSE: 532715. It has an authorized capital of ₹167.25 Cr and a paid-up capital of ₹118.62 Cr.

It upholds a active non-compliant status. In 2016, it reported revenue of ₹8,614.44 Cr and a net worth of ₹2,945.51 Cr. Employing 631 professional, Its leadership includes Anil Umesh Haldipur (Director), Santanu T Ray (Irp/Rp/Liquidator), Dhanesh Vrajlal Sheth (Whole-Time Director). Past directors included Prakash Dharshibhai Shah, Vinod Anand Juneja, Anil Umesh Haldipur. It holds ₹14,264.23 Cr open charges and ₹6,139.42 Cr settled loans. Its latest AGM occurred on 28 September 2017, with the balance sheet filed on 31 March 2017. It is based at A-1, 7Th Floor, Laxmi Tower Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051.

Company Details

CIN/LLPIN
L36911MH1986PLC040689
Registration Number
040689
Incorporation Date
21 August 1986
Authorized Capital
₹167.25 Cr
Paid-Up Capital
₹118.62 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 532715)
Company Status
Under Liquidation

Key Metrics

Authorised Capital ₹ 167.25 Cr as on 24-06-2025
Paid Up Capital ₹ 118.62 Cr as on 24-06-2025
Company Age 39 Year, 6 Months
Last Filing with ROC 31 Mar 2017
Open Charges ₹ 14,264.23 Cr as on 24-06-2025
Satisfied Charges ₹ 6,139.42 Cr as on 24-06-2025
Revenue Growth **** 19.48% (FY 2016)
Profit Growth **** 158.50% (FY 2016)
Ebitda **** -12.81% (FY 2016)
Net Worth 2.57% (FY 2016)
Total Assets **** 0.85% (FY 2016)

Comprehensive Company Insights

Explore comprehensive insights into Gitanjali Gems Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Gitanjali Gems Ltd?

Current Directors

Name	Designation	Appointment Date	Status
Anil Umesh Haldipur	Director	11 Aug 2017	Current
Santanu T Ray	Irp/Rp/Liquidator	22 Feb 2024	Current
Dhanesh Vrajlal Sheth	Whole-Time Director	01 Aug 1990	Current
Krishnan Sangameshwaran	Director	25 Oct 2005	Current
Nazura Yash Ajaney	Director	13 Aug 2014	Current
Mehul Chinubhai Choksi	Managing Director	21 Aug 1986	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	25 Jan 2010	Past
Pramod Abcsdd	Alternate Director	07 Nov 2015	Past
Pramod Abcsdd	Additional Director	28 Sep 2017	Past
Pramod Abcsdd	Director	30 Sep 2013	Past
Pramod Abcsdd	Whole-Time Director	16 Mar 2009	Past
Pramod Abcsdd	Director	11 Aug 2017	Past

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Financial Performance of Gitanjali Gems.

Gitanjali Gems Ltd, for the financial year ended 2016, experienced significant growth in revenue, with a 19.48% increase. The company also saw a substantial improvement in profitability, with a 158.5% increase in profit. The company's net worth moved up by a moderate rise of 2.57%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

19.48%

*******

Revenue from Operations

*******

20.20%

*******

Total Assets

*******

0.85%

*******

Profit or Loss

*******

158.50%

*******

Net Worth

*******

2.57%

*******

EBITDA

*******

-12.81%

*******

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What is the Ownership and Shareholding Structure of Gitanjali Gems?

In 2017, Gitanjali Gems had a promoter holding of 31.04% and a public holding of 68.96%. The company had 34 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹142,642,285,673.00

Satisfied Charges

₹61,394,200,000.00

Charges Breakdown by Lending Institutions

Allbank Finance Ltd : 6030.00 Cr
Idbi Trusteeship Services Limited : 4056.07 Cr
Sbicap Trustee Company Limited : 1450.00 Cr
Corporation Bank : 352.00 Cr
Idbi Bank Limited : 327.36 Cr
Others : 2048.80 Cr

Latest Charge Details

Date	Lender	Amount	Status
21 Dec 2016	Syndicate Bank	₹40.36 Cr	Open
19 Aug 2016	Others	₹60.00 Cr	Open
29 Oct 2015	Others	₹109.00 Cr	Open
11 Jul 2015	Union Bank Of India	₹21.00 Cr	Open
21 May 2015	Corporation Bank	₹52.00 Cr	Open

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How Many Employees Work at Gitanjali Gems?

Gitanjali Gems has a workforce of 631 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Gitanjali Gems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gitanjali Gems's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Gitanjali Gems

Recent Activity within the Organization

Director Appointment

Progress on Santanu T Ray was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 22 Feb 2024 & has been associated with this company since 2 years 8 days . was documented.
22 Feb 2024
Annual General Meeting

The activity Gitanjali Gems Ltd last Annual general meeting of members was held on 28 Sep 2017 as per latest MCA records. was completed.
28 Sep 2017
Director Appointment

Anil Umesh Haldipur was appointed as a Director was appointed as a Director on 11 Aug 2017 & has been associated with this company since 8 years 6 months . was recorded as a recent event.
11 Aug 2017
Charges

A charge with Others of Rs. 109.00 Cr registered on 29 Oct 2015 with Charge ID 10602590 was modified on 26 May 2017. was recorded as a recent event.
26 May 2017
Balance Sheet

Progress on Gitanjali Gems Ltd has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai. was documented.
31 Mar 2017
Charges

The activity A charge with Syndicate Bank amounted to Rs. 40.36 Cr with Charge ID 100068197 was registered on 21 Dec 2016. was completed.
21 Dec 2016

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