Nakshatra Brands Limited
About Nakshatra Brands Limited
Data last updated:
Nakshatra Brands Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Nakshatra World Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 19 May 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH2004PLC146406. Its GSTIN is 19AACCB4270E1ZW (West Bengal). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹22.34 Cr and a paid-up capital of ₹4.06 Cr. It was formerly known as Brightest Circle Jewellery Private Limited and Brightest Circle Jewellery Limited. It is led by directors including Anil Umesh Haldipur and Dhanesh Vrajlal Sheth.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹1,733.79 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹31.35 Cr (net margin 1.8%) and EBITDA of ₹89.68 Cr (EBITDA margin 5.2%).
The company has about 151 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,158.35 Cr and satisfied charges of ₹60 Cr on record. Court records list 78 cases involving the company, including 56 filed by the company and 22 filed against it; 6 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in January 2008. Its 8 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 4 smaller; the largest is Karp Impex Limited with revenue of ₹1,896.9 Cr.
Company details
Name history
Nakshatra Brands has undergone 2 name changes throughout its history. The company was previously known as Brightest Circle Jewellery Private Limited, and Brightest Circle Jewellery Limited. The current legal name is Nakshatra Brands Limited.
| Company Name | Status |
|---|---|
| Nakshatra Brands Limited | Current |
| Brightest Circle Jewellery Private Limited | Previous |
| Brightest Circle Jewellery Limited | Previous |
CIN history
Nakshatra Brands has one previous CIN (Corporate Identification Number): U36910MH2004PTC146406. The current CIN is U36910MH2004PLC146406, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36910MH2004PLC146406 | Current |
| U36910MH2004PTC146406 | Previous |
Contact details
Nakshatra Brands Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressLaxmi Tower Office No. 6 'B' Wing 1st Floor 'G' Block Bandra Kurla Complex Bandra(, East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Nakshatra Brands 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 activities of Nakshatra Brands are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nakshatra Brands Limited, buy the company report.
Financials of Nakshatra Brands Limited
FY 2016 filings availableNakshatra Brands Limited reported revenue of ₹1,733.79 Cr (up 16% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year. EBITDA rose 32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1,733.79 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹89.68 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹31.35 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.2% | |
| Net Profit Margin | 1.8% | |
| 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 | ||
To see the full financial statements and ratios of Nakshatra Brands Limited, buy the company report.
Board of directors of Nakshatra Brands Limited
Nakshatra Brands has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Umesh Haldipur Also directs: Bezel Jewellery (India) Private Limited | Director | 16 Dec 2016 | 9 Years 10 Months | As last reported |
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 11 Jan 2010 | 16 Years 9 Months | As last reported |
| Dinesh Gopaldas Bhatia Also directs: Gitanjali Lifestyle Limited, Gitanjali Jewellery Retail Limited, Gitanjali Infratech Limited and 1 more | Director | 25 Jul 2015 | 11 Years 2 Months | As last reported |
| Jyoti Bharat Vora | Director | 29 Oct 2014 | 11 Years 11 Months | As last reported |
Peer comparison
Nakshatra Brands Limited is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karp Impex Limited | ₹1,896.9 Cr (FY 2024) | -10.0% | Mumbai, Maharashtra, India | |||
| Bluestone Jewellery and Lifestyle Limited | ₹1,829.92 Cr (FY 2025) | 40.0% | Bangalore, Karnataka, India | |||
| M J Gold Private Limited | ₹1,817.46 Cr (FY 2025) | 89.0% | Meerut, Uttar Pradesh, India | |||
| Hindustan Gold Industries Private Limited | ₹1,780.9 Cr (FY 2025) | 38.0% | Sanand, Gujarat, India | |||
| Nakshatra Brands Limitedthis company | ₹1,733.79 Cr (FY 2016) | ₹31.35 Cr | 1.8% | 16.0% | 151 | Mumbai, Maharashtra, India |
| Diya Gems and Jewellery Private Limited | ₹1,727.7 Cr (FY 2018) | 305.0% | Mumbai, Maharashtra, India | |||
| Payal Gold Private Limited | ₹1,726.18 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| JC Jewellers (Chennai) Private Limited | ₹1,718.67 Cr (FY 2025) | 26.0% | Chennai, Tamil Nadu, India | |||
| Hari Darshan Exports Private Limited | ₹1,702.9 Cr (FY 2025) | -31.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Nakshatra Brands Limited, buy the company report.
Auditor
Nakshatra Brands Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FORD RHODES PARKS & CO LLP | FY 2016 | 102860W |
Shareholding
The shareholding of Nakshatra Brands Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Nakshatra Brands Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2016 | 100084508 | Others | ₹465 Cr | Open | |
| 23 Jun 2016 | 100035712 | Idbi Bank Limited | ₹60 Cr | Open | |
| 16 Apr 2016 | 100025506 | Idbi Bank Limited | ₹7 Cr | Open | |
| 29 Sep 2015 | 10598230 | Vijaya Bank | ₹2.35 Cr | Open | |
| 04 Mar 2015 | 10554556 | Axis Bank Limited | ₹32 Cr | Open |
To see the full charge records of Nakshatra Brands Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Nakshatra Brands Limited has 1 deal on record (1 acquisition); the latest was in January 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2008 | Acquisition | Undisclosed | Buyer: Gitanjali Gems Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nakshatra Brands Limited has 78 court cases on record: 56 filed by Nakshatra Brands, 22 filed against it. 6 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 15 | 5 |
| High courts | 10 | 3 | 0 |
| Supreme Court | 3 | 3 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Legendary Gems Pvt Ltd and Ors and 3 others | Pending |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed by the company against Legendary Gems Pvt. Ltd. | Pending |
| High Court, GUJARAT | Court case (AO) | Filed against the company by MMTC Gitanjali Ltd. and 9 others | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Ezeego One Travel and Tours Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Uppal Sales and Services Pvt Ltd and 3 others | Disposed |
To see the full case history of Nakshatra Brands 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 Nakshatra Brands Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nakshatra Brands Limited has a workforce of 151 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Nakshatra Brands has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCB4270E1ZW | West Bengal | Active | 01 Jul 2017 |
| 23AACCB4270E1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nakshatra Brands Limited, buy the company report.
Recent activity
Nakshatra Brands Limited has 18 board changes on record since 2007: 4 appointments and 14 cessations. The latest: Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020.
56 earlier events are in the company report.
Frequently asked questions
Nakshatra Brands is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Nakshatra Brands is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 19 May 2004 and is registered under CIN U36910MH2004PLC146406. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nakshatra Brands has 4 current directors:
- Anil Umesh Haldipur - Director
- Dhanesh Vrajlal Sheth - Director
- Dinesh Gopaldas Bhatia - Director
- Jyoti Bharat Vora - Director
The latest financial statements of Nakshatra Brands on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nakshatra Brands is U36910MH2004PLC146406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nakshatra Brands has open charges of ₹2,158.35 Cr and satisfied charges of ₹60 Cr as per latest MCA filings.
Nakshatra Brands has 78 court cases on record: 56 filed by the company and 22 filed against it. 6 are pending. Most are in the district courts.
Nakshatra Brands was incorporated on 19 May 2004. It is registered with the Registrar of Companies, Mumbai.
Nakshatra Brands has 1 deal on record (1 acquisition); the latest was in January 2008.
The peers of Nakshatra Brands by revenue are Karp Impex Limited, Bluestone Jewellery and Lifestyle Limited, M J Gold Private Limited, Hindustan Gold Industries Private Limited, Diya Gems and Jewellery Private Limited and 3 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020. Dinesh Gopaldas Bhatia ceased to be Director on 28 Mar 2018. Anil Umesh Haldipur ceased to be Additional Director on 04 Sep 2017. Nakshatra Brands has 18 board changes on record in total.