Hourglass Essentials Private Limited
About Hourglass Essentials Private Limited
Data last updated:
Hourglass Essentials Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 02 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33301KA2006PTC039205. Its GSTIN is 29AABCH6959B1ZG (Karnataka). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.65 Lakh. It is led by directors Chandini Harlalka Shambu and Neeraj Harlalka.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.357 Hal II Stage 7th Mainindiranagara Bangalore – 560008., Karnataka, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.09 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹5.19 Cr (net margin 9.8%) and EBITDA of ₹8.51 Cr (EBITDA margin 16%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 27% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.5 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2019. Its 10 peer companies in the Consumer Products industry (Accessories Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Trucarekidz India Private Limited with revenue of ₹56.12 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
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- Social Media
- Registered AddressNo.357 Hal II Stage 7th Mainindiranagara Bangalore – 560008., Karnataka, India
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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 Hourglass Essentials Private Limited
The main business activity of Hourglass Essentials is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 Hourglass Essentials Private Limited FY 2024 filings available
Hourglass Essentials Private Limited reported revenue of ₹53.09 Cr (down 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Hourglass Essentials Private Limited
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 71% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Hourglass Essentials Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.19 Cr | •••• | •••• | •••• | •••• |
| 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 Hourglass Essentials Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.8% | •••• | •••• | •••• | •••• |
| 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 Hourglass Essentials 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.
Peer Comparison of Hourglass Essentials Private Limited
Hourglass Essentials Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Accessories 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 |
|---|---|---|---|---|---|---|
| Trucarekidz India Private Limited | ₹56.12 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Snipper Bags Private Limited | ₹55.54 Cr (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Bullstone Private Limited | ₹55.53 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Haryana, India |
| All Gift Studio Private Limited | ₹55.17 Cr (FY 2023) | •••• | •••• | 13.0% | •••• | Ahmedabad, Gujarat, India |
| Spa Lifestyle Private Limited. | ₹54.26 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Hourglass Essentials Private Limited this company | ₹53.09 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Bangalore, Karnataka, India |
| Bishnu Mama Fashions Private Limited | ₹52.77 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Kolkata, West Bengal, India |
| Intouch Leather House India Private Limited | ₹52.5 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Sglobal Acumen Private Limited | ₹51.17 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Pune, Maharashtra, India |
| FM International Watches & Jewellery Private Limited | ₹50.88 Cr (FY 2025) | •••• | •••• | 116.0% | •••• | Mumbai, Maharashtra, India |
| Stalwart Exports Pvt Ltd | ₹50.54 Cr (FY 2025) | •••• | •••• | 4677.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Hourglass Essentials by revenue in the Consumer Products industry (Accessories 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 Hourglass Essentials Private Limited
Hourglass Essentials Private Limited is audited by PANTH & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PANTH & CO | 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.
Board of Directors of Hourglass Essentials Private Limited
Hourglass Essentials has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandini Harlalka Shambu | Director | 02 May 2006 | 20 Years 5 Months | Current |
| Neeraj Harlalka | Director | 02 May 2006 | 20 Years 5 Months | Current |
Ownership and Shareholding of Hourglass Essentials Private 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 Hourglass Essentials Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jul 2012 | Indian Overseas Bank | ₹3.5 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Hourglass Essentials Private Limited
Hourglass Essentials Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 1 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.
Employees and EPFO Compliance at Hourglass Essentials Private Limited
Hourglass Essentials Private Limited has a workforce of 37 employees as of Apr 09, 2024.
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.
Recent Activity on Hourglass Essentials Private Limited
Hourglass Essentials Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Rajkumar Harlalka ceased to be Director on 13 Jan 2022.
Credit Ratings, Litigation & Regulatory Alerts for Hourglass Essentials Private 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 Hourglass Essentials Private 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 Hourglass Essentials Private 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 Hourglass Essentials Private Limited
Hourglass Essentials has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCH6959B1ZG | Karnataka | Active | 01 Jul 2017 |
| 19AABCH6959B2ZG | West Bengal | Active | 12 Dec 2017 |
| 27AABCH6959B1ZK | Maharashtra | Active | 27 Mar 2020 |
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 Hourglass Essentials Private 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.
Frequently Asked Questions about Hourglass Essentials Private Limited
Hourglass Essentials is an active private limited company based in Bangalore, Karnataka, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 02 May 2006 (20+ years old) and is registered under CIN U33301KA2006PTC039205.
Hourglass Essentials reported revenue of ₹53.09 Cr for FY 2024 (down 43% YoY).
Hourglass Essentials has 2 current directors:
- Chandini Harlalka Shambu - Director
- Neeraj Harlalka - Director
Hourglass Essentials reported a net profit of ₹5.19 Cr (net margin 9.8%) and EBITDA of ₹8.51 Cr (EBITDA margin 16%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hourglass Essentials is 27% over three years and 27% over five years. In the latest year (FY 2024) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hourglass Essentials is 29AABCH6959B1ZG, registered in Karnataka. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 19AABCH6959B2ZG (West Bengal), 27AABCH6959B1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Hourglass Essentials is U33301KA2006PTC039205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hourglass Essentials was incorporated on 02 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Hourglass Essentials has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
The peers of Hourglass Essentials by revenue are Trucarekidz India Private Limited, Snipper Bags Private Limited, Bullstone Private Limited, All Gift Studio Private Limited, Spa Lifestyle Private Limited. and 5 more, all in the Consumer Products industry (Accessories Retail and Distribution).
Rajkumar Harlalka ceased to be Director on 13 Jan 2022. Chandini Harlalka Shambu was appointed as Director on 02 May 2006. Neeraj Harlalka was appointed as Director on 02 May 2006.