About Nakshatra World Limited
Data last updated:
Nakshatra World Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gitanjali Gems Ltd. 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 18 December 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01100MH1995PLC095425. Its GSTIN is 19AAACG2896B1ZN (West Bengal). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹43.73 Cr. It was formerly known as Gitanjali Brands Limited and Fantasy Jewellery Private Limited. It is led by directors including Mehul Chinubhai Choksi (Managing Director) and Anil Umesh Haldipur.
Its last annual general meeting (AGM) was held on 04 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at A – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2016, the company reported a revenue of ₹1,502.86 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹79.65 Cr (net margin 5.3%) and EBITDA of ₹288.1 Cr (EBITDA margin 19.2%).
The company has about 115 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹443.5 Cr and satisfied charges of ₹225 Cr on record. Court records list 59 cases involving the company, including 39 filed by the company and 11 filed against it; 7 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹205.13 Cr; the latest was in September 2016. Its 10 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Hari Krishna Exports Private Limited with revenue of ₹7,740.85 Cr.
The last known website on record is nakshatra.world.
Name History of Nakshatra World Limited
Nakshatra World has undergone 5 name changes throughout its history. The current legal name is Nakshatra World Limited.
| Company Name | Status |
|---|---|
| Nakshatra World Limited | Current |
| Gitanjali Brands Limited | Previous |
| Fantasy Jewellery Private Limited | Previous |
| Gitanjali Brands Private Limited | Previous |
| Gitanjali Plantations Private Limited | Previous |
| Fantasy Diamond Cuts Private Limited | Previous |
CIN History of Nakshatra World Limited
Nakshatra World has one previous CIN (Corporate Identification Number): U01100MH1995PTC095425. The current CIN is U01100MH1995PLC095425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01100MH1995PLC095425 | Current |
| U01100MH1995PTC095425 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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 Nakshatra World Limited
The main business activities of Nakshatra World are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| G | Trade | G2 | Retail Trading | 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 Nakshatra World Limited FY 2017 filings available
Nakshatra World Limited reported revenue of ₹1,502.86 Cr (up 33% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Nakshatra World Limited
Revenue rose 33% in the latest year. EBITDA rose 21% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Nakshatra World Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹1,502.86 Cr | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹288.1 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹79.65 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 of Nakshatra World Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 19.2% | •••• |
| Net Profit Margin | 5.3% | •••• |
| 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 Nakshatra World 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.
Board of Directors of Nakshatra World Limited
Nakshatra World has 4 current directors and 17 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 | 15 Dec 2016 | 9 Years 10 Months | As last reported |
| Milind Anant Limaye Also directs: Bezel Jewellery (India) Private Limited, MMTC Gitanjali Limited, Hyderabad Gems Sez Limited and 5 more | Director | 24 Oct 2016 | 9 Years 11 Months | As last reported |
| Nazura Yash Ajaney | Director | 15 Dec 2016 | 9 Years 10 Months | As last reported |
| Mehul Chinubhai Choksi Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Managing Director | 23 Dec 1995 | 30 Years 9 Months | As last reported |
Peer Comparison of Nakshatra World Limited
Nakshatra World Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hari Krishna Exports Private Limited | ₹7,740.85 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Ideal Fiscal Services Ltd | ₹7,568.74 Cr (FY 2025) | •••• | •••• | 400.0% | •••• | Jaipur, Rajasthan, India |
| Mohanlal Jewellers Private Limited | ₹7,038.53 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Opus Refinery Private Limited | ₹6,950.3 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Shiv Sahai & Sons (India) Private Limited | ₹6,543.48 Cr (FY 2025) | •••• | •••• | 343.0% | •••• | Chennai, Tamil Nadu, India |
| Ritul Jewels Private Limited | ₹5,784.06 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Mumbai, Maharashtra, India |
| MBMG Diamonds Private Limited | ₹5,020.28 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Kozhikode, Kerala, India |
| Sovereign Metals Limited | ₹4,986.8 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Ahmedabad, Gujarat, India |
| Aspect Bullion Refinery Private Limited | ₹4,899.88 Cr (FY 2025) | •••• | •••• | 94134.0% | •••• | Mumbai, Maharashtra, India |
| Mahendra Brothers Exports Private Limited | ₹4,858.82 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Nakshatra World Limited this company | ₹1,502.86 Cr (FY 2016) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Nakshatra World by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Nakshatra World Limited
Nakshatra World Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| FORD RHODES PARKS & CO LLP | 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.
Ownership and Shareholding of Nakshatra World 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 Nakshatra World Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2015 | Union Bank of India | ₹9.5 Cr | Open |
| 06 May 2015 | Dena Bank | ₹7 Cr | Open |
| 21 Feb 2015 | Others | ₹8 Cr | Open |
| 27 Dec 2014 | Oriental Bank of Commerce | ₹10 Cr | Open |
| 18 Dec 2014 | Vijaya Bank | ₹3 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Nakshatra World Limited
Nakshatra World Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹205.13 Cr; the latest was in September 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Gitanjali Gems Ltd , 3 individuals Seller: 4 individuals |
| Jan 2012 | Funding round | ₹180 Cr | Investors: Gitanjali Gems Ltd , BCCL |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Gitanjali Gems Ltd , 3 individuals |
| Mar 2009 | Funding round | ₹25.13 Cr | Investors: Gitanjali Gems Ltd |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: Gitanjali Gems Ltd , 3 individuals Seller: 4 individuals |
Full deal history
All 6 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 Nakshatra World Limited
Nakshatra World Limited has 59 court cases on record: 39 filed by Nakshatra World, 11 filed against it, 9 where it is another party. 7 cases are pending and 52 are disposed. Status as checked between 23 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 10 | 7 |
| High courts | 14 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Axis Bank Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Private Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Sheesh Mahal Properties Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Millennium Babycares Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Company is another party | Pending |
Full case history
All 59 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 Nakshatra World Limited
Nakshatra World Limited has a workforce of 115 employees as of Apr 08, 2024.
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.
Group Structure of Nakshatra World Limited
Nakshatra World has 6 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Nakshatra Brands Limited | U36910MH2004PLC146406 | Locked |
| Nakshatra Brands Limited | U36910MH2004PLC146406 | Locked |
| Bezel Jewellery (India) Private Limited | U51398MH2003PTC142351 | Locked |
| Bezel Jewellery (India) Private Limited | U51398MH2003PTC142351 | Locked |
| Gili India Limited | U52393MH2001PLC131428 | Locked |
| Gili India Limited | U52393MH2001PLC131428 | Locked |
Showing major subsidiaries. Total: 6.
Recent Activity on Nakshatra World Limited
Nakshatra World Limited has 19 board changes on record since 1995: 4 appointments and 15 cessations. The latest: Nazura Yash Ajaney ceased to be Director on 18 Feb 2018.
42 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nakshatra World 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 Nakshatra World 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 Nakshatra World 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 Nakshatra World Limited
Nakshatra World has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACG2896B1ZN | West Bengal | 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 Nakshatra World 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.
Related news about Nakshatra World Limited
Frequently Asked Questions about Nakshatra World Limited
Nakshatra World 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 World 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 18 December 1995 and is registered under CIN U01100MH1995PLC095425. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nakshatra World reported revenue of ₹1,502.86 Cr for FY 2016 (up 33% YoY).
Nakshatra World has 4 current directors:
- Mehul Chinubhai Choksi - Managing Director
- Anil Umesh Haldipur - Director
- Milind Anant Limaye - Director
- Nazura Yash Ajaney - Director
Nakshatra World reported a net profit of ₹79.65 Cr (net margin 5.3%) and EBITDA of ₹288.1 Cr (EBITDA margin 19.2%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Nakshatra World is U01100MH1995PLC095425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nakshatra World has open charges of ₹443.5 Cr and satisfied charges of ₹225 Cr as per latest MCA filings.
Nakshatra World has 59 court cases on record: 39 filed by the company and 11 filed against it. 7 are pending. Most are in the district courts.
Nakshatra World was incorporated on 18 December 1995. It is registered with the Registrar of Companies, Mumbai.
Nakshatra World has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹205.13 Cr; the latest was in September 2016.
The peers of Nakshatra World by revenue are Hari Krishna Exports Private Limited, Ideal Fiscal Services Ltd, Mohanlal Jewellers Private Limited, Opus Refinery Private Limited, Shiv Sahai & Sons (India) Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).