India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#165- Valuation
- ₹36,880 Cr
Revenue · FY 2026
₹24,439 Cr
▲ 21% YoY
Net profit · FY 2026
₹3,367 Cr
Net margin 13.8%
EBITDA · FY 2026
₹5,078.93 Cr
EBITDA margin 20.8%
Authorised capital
₹1,500 Cr
Registered with MCA
Paid-up capital
₹770.38 Cr
Issued & subscribed
Open charges
₹3,108 Cr
Satisfied ₹1,458.58 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
6,939
Provident fund records
About Joyalukkas India Limited
Data last updated:
Joyalukkas India Limited is a public limited company based in Thrissur, Kerala, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 22 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51398KL2002PLC015372. Its GSTIN is 32AABCJ1087G1ZW (Kerala). The company holds 20 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹770.38 Cr. It was formerly known as Joyalukkas India Private Limited. It is led by directors including Alukkas Varghese Joy (Managing Director) and Thomas Mathew (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No. 5/309 – 3 Bishop Alapatt Road Fathima Nagar Mission Quarters, Thrissur, Kerala, India – 680005.
As per the financials filed for FY 2026, the company reported a revenue of ₹24,439 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹3,367 Cr (net margin 13.8%) and EBITDA of ₹5,078.93 Cr (EBITDA margin 20.8%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 25% over five years.
The company has about 6,939 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,108 Cr and satisfied charges of ₹1,458.58 Cr on record. Court records list 179 cases involving the company, including 90 filed by the company and 89 filed against it; 27 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹60 Cr; the latest was in February 2017. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 672 overdue payments to 137 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website joyalukkas.com.
Company details
CIN U51398KL2002PLC015372
Registration Number 015372
Incorporation Date 22 April 2002
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Joyalukkas India has undergone 3 name changes throughout its history. The company was previously known as Joyalukkas India Limited, Joyalukkas India Private Limited, and Joy Alukkas Traders India Private Limited. The current legal name is Joyalukkas India Limited.
| Company Name | Status |
|---|---|
| Joyalukkas India Limited | Current |
| Joyalukkas India Private Limited | Previous |
| Joy Alukkas Traders India Private Limited | Previous |
CIN history
Joyalukkas India has one previous CIN (Corporate Identification Number): U51398KL2002PTC015372. The current CIN is U51398KL2002PLC015372, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51398KL2002PLC015372 | Current |
| U51398KL2002PTC015372 | Previous |
Key People
Alukkas Varghese Joy Managing Director Thomas Mathew Whole-Time Director Thomas Scaria Director Recognitions & Rankings of Joyalukkas India
Contact details
Joyalukkas India Limited's registered office is in Thrissur, Kerala. Its website is joyalukkas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDoor No. 5/309 – 3 Bishop Alapatt Road Fathima Nagar Mission Quarters, Thrissur, Kerala, India – 680005
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Joyalukkas India Limited, buy the company report.
Comprehensive company report
Joyalukkas India Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Joyalukkas India 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 Joyalukkas India Limited, buy the company report.
Financials of Joyalukkas India Limited
FY 2025 filings availableJoyalukkas India Limited reported revenue of ₹24,439 Cr (up 21% YoY) for FY 2026.
Revenue · FY 2026
₹24,439 Cr ▲ 21%
Net profit · FY 2026
₹3,367 Cr margin 13.8%
EBITDA · FY 2026
₹5,078.93 Cr margin 20.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 19%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 49%
5 years · compounded
▲ 40%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 21% growth in the latest year. EBITDA rose 87% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹5,078.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3,367 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.8% | ||||
| Net Profit Margin | 13.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Joyalukkas India Limited, buy the company report.
Board of directors of Joyalukkas India Limited
Joyalukkas India has 8 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thomas Mathew | Whole-Time Director | 07 Dec 2023 | 2 Years 10 Months | Current |
| Thomas Scaria | Director | 31 Jul 2021 | 5 Years 2 Months | Current |
| Alex Kalluvila Babu Also directs: Chef Garden LLP, West Hill Realtors and Developers LLP, Siringa Plantations LLP and 5 more | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
| Antony Chirakkekkaran Jos Also directs: Chirakkekaran Builders Private Limited | Additional Director | 18 Aug 2025 | 1 Years 2 Months | Current |
| Lava Krishnan | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
| Pushpy B Muricken | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Joyalukkas India Limited is audited by MSKA & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2025 | 105047W |
Shareholding
The shareholding of Joyalukkas India Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Joyalukkas India Limited, buy the company report.
Charges & borrowings
Open charges
₹3,108 Cr
Satisfied charges
₹1,458.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2024 | 100887337 | Others | ₹130 Cr | Open | |
| 26 Dec 2023 | 100839984 | Others | ₹150 Cr | Open | |
| 31 Mar 2022 | 100564825 | Hdfc Bank Limited | ₹240 Cr | Open | |
| 24 Aug 2021 | 100474370 | Others | ₹64 Cr | Open | |
| 05 Jul 2021 | 100464606 | Others | ₹25 Cr | Open |
To see the full charge records of Joyalukkas India Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Joyalukkas India Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹60 Cr; the latest was in February 2017.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹60 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2013 | Funding round | ₹20 Cr | Investors: an individual |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Feb 2009 | Funding round | ₹5 Cr | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹35 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Joyalukkas India Limited has 179 court cases on record: 90 filed by Joyalukkas India, 89 filed against it. 27 cases are pending and 152 are disposed.
Total cases
179
Filed by the company
90
Filed against the company
89
Pending
27
Disposed
152
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 121 | 43 | 13 |
| District courts | 53 | 41 | 13 |
| Supreme Court | 5 | 5 | 1 |
Cases on record (5 of 179)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Arbitration matter | Filed against the company by M/S Mall of Joy Pvt Ltd Rep by Its Director Henry George | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Indian Oil Corporation Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Godolphine India Private Limited | Disposed |
| High Court | Appeal | Filed by the company against Ashwin Gold Pvt Ltd ( Sought to Be Impleaded ) and 4 others | Disposed |
| High Court | Writ petition | Filed by the company against Ashwin Gold Pvt Ltd ( Sought to Be Impleaded ) and 4 others | Disposed |
To see the full case history of Joyalukkas India 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.
Credit ratings & regulatory alerts
Joyalukkas India Limited was last rated by Crisil on 16 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Dec 2020 |
To see the full credit ratings and regulatory alerts of Joyalukkas India Limited, buy the company report.
MSME payment delays
Joyalukkas India Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 672 overdue payments to 137 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 137)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Zest Corporation | |||
| B. N. Jewellers India Private Limited | |||
| an individual supplier | |||
| Rajshree Jewellers | |||
| Lucky Jewellery |
To see the full MSME payment records of Joyalukkas India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Joyalukkas India Limited has a workforce of 6,939 employees on its EPFO records as of Sep 20, 2025, across 1 active EPFO establishment.
Employee count
6,939
Active EPFO establishments
1
Employee growth
11.61%
GST
Joyalukkas India has 20 GST registrations: 16 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
16
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCJ1087G1ZW | Kerala | Active | 01 Jul 2017 |
| 32AABCJ1087G2ZV | Kerala | Active | 13 Mar 2025 |
| 06AABCJ1087G1ZR | Haryana | Active | 01 Jul 2017 |
| 07AABCJ1087G1ZP | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Joyalukkas India Limited, buy the company report.
Recent activity
Joyalukkas India Limited has 31 board changes on record since 2007: 9 appointments and 22 cessations. The latest: Baby George ceased to be CEO on 30 Sep 2025.
Charges
A charge with Others of Rs. 94.00 Cr registered on 01 Jun 2015 with Charge ID 10576409 was modified on 29 Dec 2025.
Charges
A charge with Idbi Bank Limited of Rs. 125.00 Cr registered on 09 Feb 2015 with Charge ID 10548570 was modified on 28 Nov 2025.
Charges
A charge with State Bank Of India of Rs. 400.00 Cr registered on 21 Jan 2015 with Charge ID 10545161 was modified on 28 Nov 2025.
Charges
A charge with Others of Rs. 350.00 Cr registered on 12 Nov 2012 with Charge ID 10396354 was modified on 28 Nov 2025.
Charges
A charge with Others of Rs. 130.00 Cr registered on 05 Mar 2024 with Charge ID 100887337 was modified on 21 Nov 2025.
Charges
A charge with Others of Rs. 64.00 Cr registered on 24 Aug 2021 with Charge ID 100474370 was modified on 10 Oct 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 14 Jun 2016 with Charge ID 100041419 was modified on 10 Oct 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 24 Feb 2015 with Charge ID 10552855 was modified on 03 Oct 2025.
Ceased
Baby George ceased to be CEO.
Charges
A charge registered on 05 Oct 2017 via Charge ID 100131239 with Bank Of India was fully satisfied on 26 Sep 2025.
Charges
A charge registered on 29 May 2010 via Charge ID 10228131 with Dhanlaxmi Bank Limited was fully satisfied on 23 Sep 2025.
Charges
A charge with Yes Bank Limited of Rs. 350.00 Cr registered on 04 Jun 2010 with Charge ID 10230423 was modified on 17 Sep 2025.
136 earlier events are in the company report.
From our blog
Frequently asked questions
Joyalukkas India is an active public limited company based in Thrissur, Kerala, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 22 April 2002 (24+ years old) and is registered under CIN U51398KL2002PLC015372.
Joyalukkas India has 8 current directors:
- Alukkas Varghese Joy - Managing Director
- Thomas Mathew - Whole-Time Director
- Thomas Scaria - Director
- Alex Kalluvila Babu - Director
- Antony Chirakkekkaran Jos - Additional Director
- Lava Krishnan - Director
- Pushpy B Muricken - Director
- John Paul Joyalukkas - Director
The latest financial statements of Joyalukkas India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Joyalukkas India is 32AABCJ1087G1ZW, registered in Kerala. The company has 20 GST registrations in all, of which 16 are active and 4 are cancelled or inactive. Other active GSTINs include 32AABCJ1087G2ZV (Kerala), 06AABCJ1087G1ZR (Haryana), 07AABCJ1087G1ZP (Delhi).
The CIN (Corporate Identification Number) of Joyalukkas India is U51398KL2002PLC015372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Joyalukkas India has 179 court cases on record: 90 filed by the company and 89 filed against it. 27 are pending. Most are in the high courts.
Joyalukkas India was incorporated on 22 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ernakulam.
Joyalukkas India has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹60 Cr; the latest was in February 2017.
Baby George ceased to be CEO on 30 Sep 2025. Antony Chirakkekkaran Jos was appointed as Additional Director on 18 Aug 2025. Thomas Mathew was appointed as Whole-Time Director on 07 Dec 2023. Joyalukkas India has 31 board changes on record in total.
Joyalukkas India has 9 MSME Form 1 returns on record between 2019 and 2024, listing 672 overdue payments to 137 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Joyalukkas India can be reached through the website joyalukkas.com. Its registered office is in Thrissur, Kerala, India.