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 10 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Modindia Exim Private Limited with revenue of ₹422.97 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.
- EmailLocked
- TelephoneLocked
- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Gitanjali Lifestyle Limited
The main business activity of Gitanjali Lifestyle is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
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.
Financials of Gitanjali Lifestyle Limited FY 2016 filings available
Gitanjali Lifestyle Limited reported revenue of ₹417.25 Cr (up 73% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Gitanjali Lifestyle Limited
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 of Gitanjali Lifestyle Limited
| 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 of Gitanjali Lifestyle Limited
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Gitanjali Lifestyle are in the company report.
Financial statements from 2015
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.
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 of Gitanjali Lifestyle Limited
Gitanjali Lifestyle Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modindia Exim Private Limited | ₹422.97 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | New Delhi, Delhi, India |
| Tirupati Gold Private Limited | ₹422.61 Cr (FY 2024) | •••• | •••• | 74.0% | •••• | Kolkata, West Bengal, India |
| 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 Limited this company | ₹417.25 Cr (FY 2016) | •••• | •••• | 73.0% | •••• | Mumbai, Maharashtra, India |
| L.K.S.Goldhouse Private Limited | ₹416.16 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Shri Somanatha Tradelink Private Limited | ₹414.04 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Gujarat, India |
| Hazoorilal Jewellers Private Limited | ₹410.98 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| The Gem and Jewellery Export Promotion Council | ₹409.15 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Malabar International Gold Designs Private Limited | ₹406.1 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Kozhikode, Kerala, India |
Peers are the five companies nearest above and the five nearest below Gitanjali Lifestyle by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Gitanjali Lifestyle Limited
Gitanjali Lifestyle Limited 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
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.
Ownership and Shareholding of Gitanjali Lifestyle Limited
Shareholding and ownership data
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.
Charges & Borrowings of Gitanjali Lifestyle Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2012 | Standard Chartered Bank | ₹75 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Gitanjali Lifestyle Limited
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 |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Gitanjali Lifestyle Limited
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 |
Full case history
All 80 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Gitanjali Lifestyle Limited
Employment history and EPFO contributions of people linked to Gitanjali Lifestyle.
Employee and EPFO history
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.
Group Structure of Gitanjali Lifestyle Limited
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 | Locked |
| Maya Retail Limited | U99999MH2001PLC231441 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Gitanjali Lifestyle Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gitanjali Lifestyle Limited
Credit ratings, litigation, and regulatory alerts
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 Lifestyle Limited
MSME payment history
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 Lifestyle Limited
Corporate group structure
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.
GST Compliance of Gitanjali Lifestyle Limited
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.
GST registrations and filing compliance
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.
MCA Filings & Documents of Gitanjali Lifestyle Limited
MCA filings and documents
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.
Related news about Gitanjali Lifestyle Limited
Frequently Asked Questions about Gitanjali Lifestyle Limited
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 reported revenue of ₹417.25 Cr for FY 2016 (up 73% YoY).
Gitanjali Lifestyle has 4 current directors:
- Dhanesh Vrajlal Sheth - Managing Director
- Dinesh Gopaldas Bhatia - Director
- Mehul Chinubhai Choksi - Director
- Sangini Swapnil Mehta - Director
Gitanjali Lifestyle reported a net loss of ₹15.19 Lakh (net margin 0%) and EBITDA of ₹1.19 Cr (EBITDA margin 0.3%) for FY 2016, as per its filed financial statements.
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 Modindia Exim Private Limited, Tirupati Gold Private Limited, Shyam Sundar Co. Jewellers Private Limited, Chandana Brothers Silks and Jewellers Private Limited, Dhirsons Jewellers Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
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.