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 60 cases involving the company, including 40 filed by the company and 20 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 4 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, 3 larger and 1 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.
Company details
Name history
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
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 |
Contact details
Nakshatra World Limited's registered office is in Mumbai, Maharashtra. Its website is nakshatra.world. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 1 7th Floor Laxmi Towers Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Nakshatra World 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 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 | 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 | G2 | Retail Trading |
To see the full business activity and turnover split of Nakshatra World Limited, buy the company report.
Financials of Nakshatra World Limited
FY 2017 filings availableNakshatra World Limited reported revenue of ₹1,502.86 Cr (up 33% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | ||
To see the full financial statements and ratios of Nakshatra World Limited, buy the company report.
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 10 Months | As last reported |
Peer comparison
Nakshatra World Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Hari Krishna Exports Private Limited | ₹7,740.85 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, 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 | |||
| Mahendra Brothers Exports Private Limited | ₹4,858.82 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Nakshatra World Limitedthis company | ₹1,502.86 Cr (FY 2016) | ₹79.65 Cr | 5.3% | 33.0% | 115 | Mumbai, Maharashtra, India |
To see the full peer comparison of Nakshatra World Limited, buy the company report.
Auditor
Nakshatra World 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 World Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nakshatra World Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2015 | 10603301 | Union Bank of India | ₹9.5 Cr | Open | |
| 06 May 2015 | 10572095 | Dena Bank | ₹7 Cr | Open | |
| 21 Feb 2015 | 100086173 | Others | ₹8 Cr | Open | |
| 27 Dec 2014 | 10543159 | Oriental Bank of Commerce | ₹10 Cr | Open | |
| 18 Dec 2014 | 10594208 | Vijaya Bank | ₹3 Cr | Open |
To see the full charge records of Nakshatra World Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
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 |
To see the full deal history of Nakshatra World 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
Nakshatra World Limited has 60 court cases on record: 40 filed by Nakshatra World, 20 filed against it. 7 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 15 | 7 |
| High courts | 14 | 5 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Axis Bank Ltd., | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Private 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 |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by M/S Sheeshmahal Properties Pvt Ltd | Disposed |
To see the full case history of Nakshatra World 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 World Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 | |
| Nakshatra Brands Limited | U36910MH2004PLC146406 | |
| Bezel Jewellery (India) Private Limited | U51398MH2003PTC142351 | |
| Bezel Jewellery (India) Private Limited | U51398MH2003PTC142351 | |
| Gili India Limited | U52393MH2001PLC131428 | |
| Gili India Limited | U52393MH2001PLC131428 |
To see the full group structure of Nakshatra World Limited, buy the company report.
Employees & EPFO
Nakshatra World Limited has a workforce of 115 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Nakshatra World Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 4 current directors:
- Mehul Chinubhai Choksi - Managing Director
- Anil Umesh Haldipur - Director
- Milind Anant Limaye - Director
- Nazura Yash Ajaney - Director
The latest financial statements of Nakshatra World on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 04 September 2017. Year-wise statements from 2015 are in the company report.
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 60 court cases on record: 40 filed by the company and 20 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, Mohanlal Jewellers Private Limited, Opus Refinery Private Limited, Mahendra Brothers Exports Private Limited, 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).
Nazura Yash Ajaney ceased to be Director on 18 Feb 2018. Kapil Khandelwal ceased to be Cfo(Kmp) on 31 Jan 2018. Anil Umesh Haldipur ceased to be Additional Director on 04 Sep 2017. Nakshatra World has 19 board changes on record in total.