About Gitanjali Gems Ltd
Data last updated: 24 June 2025
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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Registered AddressA – 1 7Th Floor Laxmi Tower Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
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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
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Associated Brands with Gitanjali Gems Ltd
Gitanjali Gems Ltd operates one associated brand: Gitanjali Gems. These brands represent Gitanjali Gems Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are provided in Maine. | gitanjaligroup.com |
Business Activity of Gitanjali Gems Ltd
Gitanjali Gems Ltd is engaged in principal business activities including manufacturing and trade, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| 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 contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Gitanjali Gems Ltd
Gitanjali Gems Ltd is audited by FORD RHODES PARKS & CO LLP for the financial year 2016. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| FORD RHODES PARKS & CO LLP | Locked | Locked | Locked |
Complete auditor history for Gitanjali Gems Ltd
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Gitanjali Gems Ltd
Gitanjali Gems Ltd is currently managed by 1 director, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| 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 | 39 Years 11 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
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Ownership and Shareholding of Gitanjali Gems Ltd
Shareholding and ownership data for Gitanjali Gems Ltd
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Group Structure of Gitanjali Gems Ltd
Gitanjali Gems Ltd has 34 subsidiary companies and 2 associated companies. This group structure data is as of FY 2017. The corporate group structure reflects Gitanjali Gems Ltd's business expansion strategy and organizational complexity.
| 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 Ltd
| 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 Ltd
Gitanjali Gems Ltd has a workforce of 631 employees as of Apr 05, 2024.
Employee and EPFO history for Gitanjali Gems Ltd
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GST Compliance of Gitanjali Gems Ltd
GST registrations and filing compliance for Gitanjali Gems Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Gitanjali Gems Ltd
Credit ratings, litigation, and regulatory alerts for Gitanjali Gems Ltd
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MSME Payment Delays by Gitanjali Gems Ltd
MSME payment history for Gitanjali Gems Ltd
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Gitanjali Gems Ltd
Corporate group structure for Gitanjali Gems Ltd
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- Parent company
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MCA Filings & Documents of Gitanjali Gems Ltd
MCA filings and documents for Gitanjali Gems Ltd
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- Annual returns and statements
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Recent Activity on Gitanjali Gems Ltd
Recent News on Gitanjali Gems Ltd
Frequently Asked Questions about Gitanjali Gems Ltd
Gitanjali Gems Ltd 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 Ltd 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 Ltd reported revenue of ₹16,831 Cr for FY 2017 (up 19.00% YoY).
The current directors of Gitanjali Gems Ltd are:
- Mehul Chinubhai Choksi - Managing Director
The CIN (Corporate Identification Number) of Gitanjali Gems Ltd 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 Ltd is listed on BSE with code 532715.