About MMTC Gitanjali Limited
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MMTC Gitanjali Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gitanjali Gems Ltd. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 31 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PLC187891. The company has 7 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹11.49 Cr. It was formerly known as Mmtc Gitanjali Private Limited. It is led by directors including Mahesh Narayan Karamchandani (Managing Director) and Aniyath Shivraman Nair.
Its last annual general meeting (AGM) was held on 26 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at B/6 1st Floor Laxmi Tower Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2016, the company reported a revenue of ₹28.36 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.18 Cr (net margin -7.7%) and EBITDA of -₹2.33 Cr (EBITDA margin -8.2%).
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 2 cases are pending.
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.
Company details
CIN history
MMTC Gitanjali has one previous CIN (Corporate Identification Number): U74999MH2008PTC187891. The current CIN is U74999MH2008PLC187891, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2008PLC187891 | Current |
| U74999MH2008PTC187891 | Previous |
Contact details
MMTC Gitanjali Limited's registered office is in Mumbai, Maharashtra. Its website is gitanjaligroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/6 1st Floor Laxmi Tower Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of MMTC Gitanjali Limited, buy the company report.
- 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
Business activity
The main business activity of MMTC Gitanjali 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 MMTC Gitanjali Limited, buy the company report.
Financials of MMTC Gitanjali Limited
FY 2017 filings availableMMTC Gitanjali Limited reported revenue of ₹28.36 Cr (up 153% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 153% in the latest year. EBITDA fell 170% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
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| Revenue from Operations | ||
| Other Income | ||
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| EBITDA | -₹2.33 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.18 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
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| Long-term Borrowings | ||
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| Trade Payables | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -8.2% | |
| Net Profit Margin | -7.7% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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To see the full financial statements and ratios of MMTC Gitanjali Limited, buy the company report.
Board of directors of MMTC Gitanjali Limited
MMTC Gitanjali has 7 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandran Panchapakesan | Additional Director | 07 Dec 2017 | 8 Years 10 Months | Current |
| Vijay Kumar Gupta | Additional Director | 07 Dec 2017 | 8 Years 10 Months | Current |
| Aniyath Shivraman Nair Also directs: Gitanjali Jewellery Retail Limited, Gitanjali Infratech Limited, Rohan Mercantile Private Limited and 5 more | Director | 31 Mar 2012 | 14 Years 6 Months | Current |
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 21 Dec 2012 | 13 Years 10 Months | Current |
| Milind Anant Limaye Also directs: Bezel Jewellery (India) Private Limited, Maya Retail Limited, Hyderabad Gems Sez Limited and 4 more | Director | 14 May 2014 | 12 Years 5 Months | Current |
| Mahesh Narayan Karamchandani | Managing Director | 09 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
MMTC Gitanjali Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gopal Gems Private Limited | ₹28.59 Cr (FY 2025) | 146.0% | New Delhi, Delhi, India | |||
| Bahubali Bullion & Jewels Private Limited | ₹28.47 Cr (FY 2025) | 13.0% | Lucknow, Uttar Pradesh, India | |||
| RG Gold Private Limited | ₹28.41 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| MMTC Gitanjali Limitedthis company | ₹28.36 Cr (FY 2016) | -₹2.18 Cr | -7.7% | 153.0% | 6 | Mumbai, Maharashtra, India |
| V J Joseph Jewellery Private Limited | ₹28.24 Cr (FY 2025) | -10.0% | Cherthala, Kerala, India |
To see the full peer comparison of MMTC Gitanjali Limited, buy the company report.
Auditor
MMTC Gitanjali Limited is audited by U. G. Devi & Company for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U. G. Devi & Company | FY 2015 |
Shareholding
The shareholding of MMTC Gitanjali Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of MMTC Gitanjali Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2009 | 10162673 | State Bank of Hyderabad | ₹30 Cr | Open |
To see the full charge records of MMTC Gitanjali Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
MMTC Gitanjali Limited has 14 court cases on record: 2 filed by MMTC Gitanjali, 12 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 8 | 2 |
| District courts | 4 | 4 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by SGS Infratech Limited | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by Gitanjali Gems Limited and 11 others | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed by the company against Gitanjali Jewellery Retail Ltd. and 19 others | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by M/S. SGS Infratech Pvt. Ltd. | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by M/S. SGS Infratech Pvt. Ltd. | Pending |
To see the full case history of MMTC Gitanjali 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MMTC Gitanjali Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MMTC Gitanjali Limited has a workforce of 6 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
MMTC Gitanjali has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MMTC Gitanjali Limited, buy the company report.
Recent activity
MMTC Gitanjali Limited has 38 board changes on record since 2008: 7 appointments and 31 cessations. The latest: Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020.
31 earlier events are in the company report.
News
Frequently asked questions
MMTC Gitanjali 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 31 October 2008 (18+ years old) and is registered under CIN U74999MH2008PLC187891.
MMTC Gitanjali has 7 current directors:
- Mahesh Narayan Karamchandani - Managing Director
- Ramachandran Panchapakesan - Additional Director
- Vijay Kumar Gupta - Additional Director
- Aniyath Shivraman Nair - Director
- Dhanesh Vrajlal Sheth - Director
- Milind Anant Limaye - Director
- Mehul Chinubhai Choksi - Director
The latest financial statements of MMTC Gitanjali on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 September 2017. Year-wise statements from 2015 are in the company report.
No. MMTC Gitanjali has 7 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of MMTC Gitanjali is U74999MH2008PLC187891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MMTC Gitanjali has 14 court cases on record: 2 filed by the company and 12 filed against it. 2 are pending. Most are in the high courts.
MMTC Gitanjali was incorporated on 31 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of MMTC Gitanjali by revenue are Gopal Gems Private Limited, Bahubali Bullion & Jewels Private Limited, RG Gold Private Limited, V J Joseph Jewellery Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (retail trading).
Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020. Ramachandran Panchapakesan ceased to be Additional Director on 25 Apr 2019. Vijay Kumar Gupta ceased to be Additional Director on 25 Apr 2019. MMTC Gitanjali has 38 board changes on record in total.
MMTC Gitanjali can be reached through the website gitanjaligroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of MMTC Gitanjali is at B6 1st Floor Laxmi Tower Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.