India's Richest People 2026 edition · 1 director · Source: Hurun India
- #458 Mayankutty C ₹7,700 Cr
Revenue · FY 2025
₹784.46 Cr
▲ 33% YoY
Net profit · FY 2025
₹16.21 Cr
Net margin 2.1%
EBITDA · FY 2025
₹27.35 Cr
EBITDA margin 3.5%
Authorised capital
₹2.1 Cr
Registered with MCA
Paid-up capital
₹1.96 Cr
Issued & subscribed
Open charges
₹24.3 Cr
Satisfied ₹36.13 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
67
Provident fund records
About Malabar Ornaments Private Limited
Data last updated:
Malabar Ornaments Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 24 June 2003 and has been in existence for over 23 years.
Its director Mayankutty C is #458 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51398KL2003PTC016237. Its GSTIN is 32AADCM5892N1ZZ (Kerala).
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.96 Cr. It is led by directors including Rayaroth Abduljallel (Managing Director) and Abdul Salam Kandampath.
Its last annual general meeting (AGM) was held on 19 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 16/501 M Montana Estate Paingottupuram Peringolam (Po), Kozhikode, Kerala, India – 673571.
As per the financials filed for FY 2025, the company reported a revenue of ₹784.46 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹16.21 Cr (net margin 2.1%) and EBITDA of ₹27.35 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.3 Cr and satisfied charges of ₹36.13 Cr on record. Court records list 18 cases involving the company, including 16 filed by the company and 2 filed against it; 3 cases are pending. The company has 25 deals on record (24 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹13.14 Cr; the latest was in March 2024. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 79 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website malabargoldanddiamonds.com.
Company details
CIN U51398KL2003PTC016237
Registration Number 016237
Incorporation Date 24 June 2003
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Rayaroth Abduljallel Managing Director Abdul Salam Kandampath Director Mayan Kutty Cholakkal Director Recognitions & Rankings of Malabar Ornaments
Contact details
Malabar Ornaments Private Limited's registered office is in Kozhikode, Kerala. Its website is malabargoldanddiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address16/501 M Montana Estate Paingottupuram Peringolam (Po), Kozhikode, Kerala, India – 673571
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Malabar Ornaments Private Limited, buy the company report.
Comprehensive company report
Malabar Ornaments Private 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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Business activity
The main business activity of Malabar Ornaments 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 Malabar Ornaments Private Limited, buy the company report.
Financials of Malabar Ornaments Private Limited
FY 2025 filings availableMalabar Ornaments Private Limited reported revenue of ₹784.46 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹784.46 Cr ▲ 33%
Net profit · FY 2025
₹16.21 Cr margin 2.1%
EBITDA · FY 2025
₹27.35 Cr margin 3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 21%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 6%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 33% growth in the latest year. EBITDA rose 35% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹27.35 Cr | ||||
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| Net Profit (PAT) | ₹16.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Malabar Ornaments Private Limited, buy the company report.
Board of directors of Malabar Ornaments Private Limited
Malabar Ornaments has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Salam Kandampath Also directs: Eham Digital Limited Liability Partnership, Basalex Ventures LLP, Brixworth Developers LLP and 5 more | Director | 23 Sep 2004 | 22 Years 1 Months | Current |
| Mayan Kutty Cholakkal Also directs: Eham Digital Limited Liability Partnership, Malabar Watches Private Limited, Malabar Gold and Diamonds Limited and 5 more | Director | 23 Sep 2004 | 22 Years 1 Months | Current |
| Yasser Kandoth Basheer Also directs: Travancore Gold India Private Limited, Aesthetic Gold Ornaments Private Limited, Malabar Bullion Private Limited and 3 more | Director | 01 Jul 2007 | 19 Years 3 Months | Current |
| Rayaroth Abduljallel | Managing Director | 24 Jun 2003 | 23 Years 4 Months | Current |
| Abdul Muneer Bilippalan Kandiyil | Director | 24 Oct 2003 | 23 Years 0 Months | Current |
| Hakkeem Cheriya Parambil | Director | 03 Aug 2011 | 15 Years 2 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Malabar Ornaments Private Limited is audited by P A Hameed & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P A Hameed & Associates | FY 2023 | 005527S |
Shareholding
The shareholding of Malabar Ornaments Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Malabar Ornaments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.3 Cr
Satisfied charges
₹36.13 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2017 | 100140497 | Hdfc Bank Limited | ₹24.3 Cr | Open | |
| 31 Mar 2015 | 10573501 | Kotak Mahindra Prime Limited | ₹13.05 Lakh | Satisfied | |
| 11 Nov 2013 | 10468476 | State Bank of Travancore | ₹18 Cr | Satisfied | |
| 09 Apr 2013 | 10424093 | State Bank of India | ₹18 Cr | Satisfied |
To see the full charge records of Malabar Ornaments Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Malabar Ornaments Private Limited has 25 deals on record (24 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹13.14 Cr; the latest was in March 2024.
Total deals
25
Secondary share transfers
24
Convertible or debt financing
1
Disclosed funding
₹13.14 Cr
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: MGD Holdings Private Limited , 3 individuals Seller: 2 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: MGD Holdings Private Limited Seller: an individual |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: MGD Holdings Private Limited Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: MGD Holdings Private Limited Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: MGD Holdings Private Limited Seller: 2 individuals |
To see the full deal history of Malabar Ornaments Private 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
Malabar Ornaments Private Limited has 18 court cases on record: 16 filed by Malabar Ornaments, 2 filed against it. 3 cases are pending and 15 are disposed.
Total cases
18
Filed by the company
16
Filed against the company
2
Pending
3
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 2 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Riches Jewel Arcade Pvt. Ltd. | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against Union of India, | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 1 other | Pending |
| High Court | Writ petition | Filed by the company against State of Kerala and 2 others | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Union of India, | Disposed |
To see the full case history of Malabar Ornaments Private 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
Malabar Ornaments Private Limited was last rated by Crisil on 30 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Nov 2021 |
To see the full credit ratings and regulatory alerts of Malabar Ornaments Private Limited, buy the company report.
MSME payment delays
Malabar Ornaments Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 79 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Malabar Equipments and General Traders Private Limited |
To see the full MSME payment records of Malabar Ornaments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Malabar Ornaments Private Limited has a workforce of 67 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
67
Active EPFO establishments
1
Employee growth
3.08%
GST
Malabar Ornaments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCM5892N1ZZ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Malabar Ornaments Private Limited, buy the company report.
Recent activity
Malabar Ornaments Private Limited has 19 board changes on record since 2003: 9 appointments and 10 cessations. The latest: Abdul Nasar Kunnapadi ceased to be Director on 23 Mar 2022.
AGM
Malabar Ornaments Private Limited last Annual general meeting of members was held on 19 Aug 2025 as per latest MCA records.
Filing
Malabar Ornaments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge registered on 31 Mar 2015 via Charge ID 10573501 with Kotak Mahindra Prime Limited was fully satisfied on 25 Jun 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 24.30 Cr registered on 24 Nov 2017 with Charge ID 100140497 was modified on 28 Mar 2022.
Ceased
Abdul Nasar Kunnapadi ceased to be Director.
Ceased
Pallikere Ibrahim Abdulla ceased to be Director.
Charges
A charge registered on 11 Nov 2013 via Charge ID 10468476 with State Bank Of Travancore was fully satisfied on 27 Dec 2017.
Charges
A charge registered on 09 Apr 2013 via Charge ID 10424093 with State Bank Of India was fully satisfied on 27 Dec 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.30 Cr with Charge ID 100140497 was registered on 24 Nov 2017.
Charges
A charge with State Bank Of India of Rs. 18.00 Cr registered on 09 Apr 2013 with Charge ID 10424093 was modified on 10 Jul 2017.
Ceased
Shameer Parammel ceased to be Additional Director.
Charges
A charge with Kotak Mahindra Prime Limited amounted to Rs. 0.13 Cr with Charge ID 10573501 was registered on 31 Mar 2015.
20 earlier events are in the company report.
News
Frequently asked questions
Malabar Ornaments is an active private limited company based in Kozhikode, Kerala, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 24 June 2003 (23+ years old) and is registered under CIN U51398KL2003PTC016237.
Malabar Ornaments has 9 current directors:
- Rayaroth Abduljallel - Managing Director
- Abdul Salam Kandampath - Director
- Mayan Kutty Cholakkal - Director
- Yasser Kandoth Basheer - Director
- Abdul Muneer Bilippalan Kandiyil - Director
- Hakkeem Cheriya Parambil - Director
- Shareej Veerankutty Safiya - Director
- Shameer Parammel - Director
- Keethadath Mamoo - Director
The latest financial statements of Malabar Ornaments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Malabar Ornaments is 32AADCM5892N1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of Malabar Ornaments is U51398KL2003PTC016237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Malabar Ornaments has 18 court cases on record: 16 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Malabar Ornaments was incorporated on 24 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ernakulam.
Malabar Ornaments has 25 deals on record (24 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹13.14 Cr; the latest was in March 2024.
Abdul Nasar Kunnapadi ceased to be Director on 23 Mar 2022. Pallikere Ibrahim Abdulla ceased to be Director on 21 Dec 2021. Shameer Parammel ceased to be Additional Director on 14 Sep 2015. Malabar Ornaments has 19 board changes on record in total.
Malabar Ornaments has 6 MSME Form 1 returns on record between 2019 and 2022, listing 79 overdue payments to 1 micro and small supplier. The latest return was filed on 21 Sep 2023.
Malabar Ornaments can be reached through the website malabargoldanddiamonds.com. Its registered office is in Kozhikode, Kerala, India.