About Gitanjali Lifestyle Limited
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Gitanjali Lifestyle Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 04 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2007PLC170596. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹36.01 Cr and a paid-up capital of ₹25 Cr. It was formerly known as Gitanjali Lifestyles Limited. It is led by directors including Dhanesh Vrajlal Sheth (Managing Director) and Dinesh Gopaldas Bhatia.
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 Office No. 6 B Wing 1st Flr. Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2016, the company reported a revenue of ₹417.25 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net loss of ₹15.19 Lakh (net margin 0%) and EBITDA of ₹1.19 Cr (EBITDA margin 0.3%).
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹75 Cr on record. Court records list 80 cases involving the company, including 31 filed by the company and 49 filed against it; 8 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in March 2011. Its 6 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 3 smaller; the largest is Shyam Sundar Co. Jewellers Private Limited. with revenue of ₹421.63 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website gitanjaligroup.com.
Company details
Contact details
Gitanjali Lifestyle Limited's registered office is in Mumbai, Maharashtra. Its website is gitanjaligroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOffice No. 6 B Wing 1st Flr. Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Gitanjali Lifestyle 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 activity of Gitanjali Lifestyle is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Gitanjali Lifestyle Limited, buy the company report.
Financials of Gitanjali Lifestyle Limited
FY 2016 filings availableGitanjali Lifestyle Limited reported revenue of ₹417.25 Cr (up 73% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 73% in the latest year. EBITDA rose 130% 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 | ₹417.25 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.19 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹15.19 Lakh | |
| 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 | 0.3% | |
| Net Profit Margin | 0% | |
| 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 Lifestyle Limited, buy the company report.
Board of directors of Gitanjali Lifestyle Limited
Gitanjali Lifestyle has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Managing Director | 05 Jan 2011 | 15 Years 9 Months | Current |
| Dinesh Gopaldas Bhatia | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Mehul Chinubhai Choksi Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 04 May 2007 | 19 Years 5 Months | Current |
| Sangini Swapnil Mehta Also directs: Butterfly Socials LLP | Director | 16 Jul 2013 | 13 Years 3 Months | Current |
Peer comparison
Gitanjali Lifestyle Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shyam Sundar Co. Jewellers Private Limited. | ₹421.63 Cr (FY 2024) | 29.0% | Kolkata, West Bengal, India | |||
| Chandana Brothers Silks and Jewellers Private Limited | ₹421.4 Cr (FY 2025) | 100.0% | Hyderabad, Telangana, India | |||
| Dhirsons Jewellers Private Limited | ₹418.47 Cr (FY 2025) | 94.0% | New Delhi, Delhi, India | |||
| Gitanjali Lifestyle Limitedthis company | ₹417.25 Cr (FY 2016) | -₹15.19 Lakh | 0% | 73.0% | Mumbai, Maharashtra, India | |
| L.K.S.Goldhouse Private Limited | ₹416.16 Cr (FY 2025) | 5.0% | Chennai, Tamil Nadu, India | |||
| Hazoorilal Jewellers Private Limited | ₹410.98 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Malabar International Gold Designs Private Limited | ₹406.1 Cr (FY 2025) | 28.0% | Kozhikode, Kerala, India |
To see the full peer comparison of Gitanjali Lifestyle Limited, buy the company report.
Auditor
Gitanjali Lifestyle 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 | 102860W |
Shareholding
The shareholding of Gitanjali Lifestyle 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 Lifestyle Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2012 | 10392815 | Standard Chartered Bank | ₹75 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Gitanjali Lifestyle Limited has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in March 2011.
Deals on record (2 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Acquisition | ₹18 Cr | Buyer: Gitanjali Gems Ltd |
| Mar 2009 | Acquisition | ₹34.75 Cr | Buyer: Gitanjali Gems Ltd |
To see the full deal history of Gitanjali Lifestyle Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gitanjali Lifestyle Limited has 80 court cases on record: 31 filed by Gitanjali Lifestyle, 49 filed against it. 8 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 56 | 37 | 5 |
| High courts | 24 | 12 | 3 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Execution petition | Filed against the company by Ms Torex Interiors Pvt Ltd Company Through Its Ar Partner Mr Suleman | Pending |
| Bombay High Court | Court case (COMEX) | Filed against the company by Dhalla Gems Private Limited (Formerly Known As Shreeram Jayaram Syndicate Jewleres Pvt. Ltd.) and 1 other | Disposed |
| District court, Chandigarh | Civil miscellaneous application | Filed against the company by CSJ Infrastructure Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Ezeego One Travel and Tours Limited | Disposed |
| District court, South West, Delhi | Civil suit | Filed against the company by Keshiha Services Private Limited | Disposed |
To see the full case history of Gitanjali Lifestyle 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 Lifestyle Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gitanjali Lifestyle has 2 subsidiary companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mobilenxt Teleservices Private Limited | U64202KA2006PTC038459 | |
| Maya Retail Limited | U99999MH2001PLC231441 |
To see the full group structure of Gitanjali Lifestyle Limited, buy the company report.
GST
Gitanjali Lifestyle has 10 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 Lifestyle Limited, buy the company report.
Recent activity
Gitanjali Lifestyle Limited has 12 board changes on record since 2007: 5 appointments and 7 cessations. The latest: Dinesh Gopaldas Bhatia ceased to be Additional Director on 29 Sep 2015.
4 earlier events are in the company report.
News
Frequently asked questions
Gitanjali Lifestyle is an active 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 04 May 2007 (19+ years old) and is registered under CIN U36911MH2007PLC170596.
Gitanjali Lifestyle has 4 current directors:
- Dhanesh Vrajlal Sheth - Managing Director
- Dinesh Gopaldas Bhatia - Director
- Mehul Chinubhai Choksi - Director
- Sangini Swapnil Mehta - Director
The latest financial statements of Gitanjali Lifestyle 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.
No. Gitanjali Lifestyle has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Gitanjali Lifestyle is U36911MH2007PLC170596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gitanjali Lifestyle has 80 court cases on record: 31 filed by the company and 49 filed against it. 8 are pending. Most are in the district courts.
Gitanjali Lifestyle was incorporated on 04 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Gitanjali Lifestyle has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in March 2011.
The peers of Gitanjali Lifestyle by revenue are Shyam Sundar Co. Jewellers Private Limited, Chandana Brothers Silks and Jewellers Private Limited, Dhirsons Jewellers Private Limited, L.K.S.Goldhouse Private Limited, Hazoorilal Jewellers Private Limited and 1 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading).
Dinesh Gopaldas Bhatia ceased to be Additional Director on 29 Sep 2015. Dinesh Gopaldas Bhatia was appointed as Director on 30 Jun 2015. Sangini Swapnil Mehta ceased to be Additional Director on 28 Sep 2013. Gitanjali Lifestyle has 12 board changes on record in total.
Gitanjali Lifestyle can be reached through the website gitanjaligroup.com. Its registered office is in Mumbai, Maharashtra, India.