About India Gold Limited
Data last updated:
India Gold Limited is a public limited company based in Goregaon West, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 19 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2010PLC210218. Its GSTIN is 27AACCI4727R1ZZ (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Indra Shantilal Jain and Shantilal Javerchand Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Goregaon West, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.35 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.36 Lakh (net margin -57.9%) and EBITDA of -₹1.36 Lakh (EBITDA margin -57.9%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 74% over five years.
As per MCA filings, the company has satisfied charges of ₹9 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹95 Lakh; the latest was in November 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varsha-group.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No 162 16th Floor Kalpataru Pinnacle Chs Ltd, Goregaon Mulund Link Road Goregaon (West), Goregaon West, Maharashtra, India – 400104
- 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 India Gold Limited
The main business activity of India Gold is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 India Gold Limited FY 2025 filings available
India Gold Limited reported revenue of ₹2.35 Lakh (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of India Gold Limited
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years. 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 India Gold Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.35 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.36 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 India Gold Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -57.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -57.9% | •••• | •••• | •••• | •••• |
| 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 India Gold 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.
Auditor Details of India Gold Limited
India Gold Limited is audited by Anil Kumar Mehta for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Anil Kumar Mehta | 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 India Gold Limited
India Gold has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indra Shantilal Jain | Director | 19 Nov 2010 | 15 Years 10 Months | Current |
| Shantilal Javerchand Jain Also directs: Varsha Commodities Limited, Varsha Mines and Granites Ltd, Euclid Pharmaceuticals Limited and 5 more | Director | 19 Nov 2010 | 15 Years 10 Months | Current |
| Shirish Shantilal Jain Also directs: Varsha Commodities Limited, Amstrin Healthcare Limited, Kandla Clearing Agency Private Limited and 5 more | Director | 19 Nov 2010 | 15 Years 10 Months | Current |
Ownership and Shareholding of India Gold 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 India Gold Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2012 | State Bank of India | ₹9 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of India Gold Limited
India Gold Limited has 1 deal on record (1 funding round), with disclosed funding of ₹95 Lakh; the latest was in November 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2011 | Funding round | ₹95 Lakh | Investors: 3 individuals |
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.
Legal Cases of India Gold Limited
India Gold Limited has 8 court cases on record: 2 filed by India Gold, 6 filed against it. 1 case is pending and 7 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SW) | Filed against the company by Kotak Mahindra Prime Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by Kotak Mahindra Prime Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Kotak Mahindra Prime Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Piramal Finance Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Disposed |
Full case history
All 8 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 India Gold Limited
Employment history and EPFO contributions of people linked to India Gold.
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 India Gold Limited
India Gold Limited has 3 board changes on record since 2010: 3 appointments. The latest: Indra Shantilal Jain was appointed as Director on 19 Nov 2010.
Credit Ratings, Litigation & Regulatory Alerts for India Gold 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 India Gold 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 India Gold 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 India Gold Limited
India Gold has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI4727R1ZZ | Maharashtra | Active | 01 Jul 2017 |
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 India Gold 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 India Gold Limited
India Gold is an active public limited company based in Goregaon West, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 19 November 2010 (16+ years old) and is registered under CIN U51101MH2010PLC210218.
India Gold reported revenue of ₹2.35 Lakh for FY 2022 (down 100% YoY).
India Gold has 3 current directors:
- Indra Shantilal Jain - Director
- Shantilal Javerchand Jain - Director
- Shirish Shantilal Jain - Director
India Gold reported a net loss of ₹1.36 Lakh (net margin -57.9%) and EBITDA of -₹1.36 Lakh (EBITDA margin -57.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of India Gold is -78% over three years and -74% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of India Gold is 27AACCI4727R1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Gold is U51101MH2010PLC210218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Gold has 8 court cases on record: 2 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
India Gold was incorporated on 19 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
India Gold has 1 deal on record (1 funding round), with disclosed funding of ₹95 Lakh; the latest was in November 2011.