About Payal Gold Private Limited
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Payal Gold Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 27 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2011PTC219166. Its GSTIN is 27AAGCP0873M1ZZ (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹13.22 Lakh. It is led by directors including Rushab Popatlal Sanghvi and Shobha Popatlal Sanghvi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 201 Madhavram Building 195/197 Kalbadevi Road Near Cotton Exchange, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,726.18 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹9.45 Cr (net margin 0.5%) and EBITDA of ₹15.48 Cr (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 39% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Payal Gold. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹21 Cr on record. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 6 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.26 Cr; the latest was in January 2022. 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 M J Gold Private Limited with revenue of ₹1,817.46 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payalgold.com.
Company details
Contact details
Payal Gold Private Limited's registered office is in Mumbai, Maharashtra. Its website is payalgold.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address201 Madhavram Building 195/197 Kalbadevi Road Near Cotton Exchange, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Payal Gold Private 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
Brands
Payal Gold operates one associated brand: Payal Gold. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wholesaler of gold bangles and jewellery | payalgold.com |
Business activity
The main business activity of Payal Gold is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| 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 |
To see the full business activity and turnover split of Payal Gold Private Limited, buy the company report.
Financials of Payal Gold Private Limited
FY 2025 filings availablePayal Gold Private Limited reported revenue of ₹1,726.18 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA rose 6% 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 | ₹15.48 Cr | ||||
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| Net Profit (PAT) | ₹9.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Payal Gold Private Limited, buy the company report.
Board of directors of Payal Gold Private Limited
Payal Gold has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushab Popatlal Sanghvi | Director | 03 Apr 2017 | 9 Years 6 Months | Current |
| Shobha Popatlal Sanghvi | Director | 27 Jun 2011 | 15 Years 3 Months | Current |
| Popatlal Babulal Sanghvi | Director | 27 Jun 2011 | 15 Years 3 Months | Current |
Peer comparison
Payal Gold Private 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 |
|---|---|---|---|---|---|---|
| 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 Limited | ₹1,733.79 Cr (FY 2016) | 16.0% | Mumbai, Maharashtra, India | |||
| Diya Gems and Jewellery Private Limited | ₹1,727.7 Cr (FY 2018) | 305.0% | Mumbai, Maharashtra, India | |||
| Payal Gold Private Limitedthis company | ₹1,726.18 Cr (FY 2025) | ₹9.45 Cr | 0.5% | -16.0% | 1 | 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 | |||
| Hari Prasad Gopi Krishna Saraf Private Limited | ₹1,674.12 Cr (FY 2025) | 20.0% | Gorakhpur, Uttar Pradesh, India | |||
| Jasani India Private Limited | ₹1,672.6 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Payal Gold Private Limited, buy the company report.
Auditor
Payal Gold Private Limited is audited by SHANTILAL CHANDALIYA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANTILAL CHANDALIYA AND COMPANY | FY 2023 | 109908W |
Shareholding
The shareholding of Payal Gold 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payal Gold Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100430922 | Yes Bank Limited | ₹30 Cr | Open | |
| 29 Aug 2019 | 100284631 | Others | ₹14 Cr | Satisfied | |
| 22 Dec 2017 | 100146035 | Others | ₹7 Cr | Satisfied |
To see the full charge records of Payal Gold Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Payal Gold Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.26 Cr; the latest was in January 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹20.16 Cr | Investors: Nexpact Limited, Hastimal Mithala Jain Huf, 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2011 | Funding round | ₹10.2 Lakh | Investors: Pareen Nemichand Sanghavi Huf, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Payal Gold Private Limited has 11 court cases on record: 6 filed by Payal Gold, 5 filed against it. 6 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 6 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Itan Jewels Private Limited and 3 Ors. and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Itan Jewels Private Limited | Disposed |
| District court, Nainital, Uttarakhand | Revision petition | Filed against the company by an individual | Pending |
| District court, Nainital, Uttarakhand | Court case (Original Civil Suits) | Filed against the company by an individual | Pending |
| District court, Nainital, Uttarakhand | Commercial suit | Filed against the company by an individual | Pending |
To see the full case history of Payal Gold 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Payal Gold Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Payal Gold Private Limited has a workforce of 1 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Payal Gold has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP0873M1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Payal Gold Private Limited, buy the company report.
Recent activity
Payal Gold Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Shobha Popatlal Sanghvi ceased to be Director on 20 Nov 2025.
3 earlier events are in the company report.
Frequently asked questions
Payal Gold is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 27 June 2011 (15+ years old) and is registered under CIN U52100MH2011PTC219166.
Payal Gold has 3 current directors:
- Rushab Popatlal Sanghvi - Director
- Shobha Popatlal Sanghvi - Director
- Popatlal Babulal Sanghvi - Director
The latest financial statements of Payal Gold on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Payal Gold is 27AAGCP0873M1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Payal Gold is U52100MH2011PTC219166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Gold has 11 court cases on record: 6 filed by the company and 5 filed against it. 6 are pending. Most are in the district courts.
Payal Gold was incorporated on 27 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Payal Gold has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.26 Cr; the latest was in January 2022.
The peers of Payal Gold by revenue are M J Gold Private Limited, Hindustan Gold Industries Private Limited, Nakshatra Brands Limited, Diya Gems and Jewellery Private Limited, JC Jewellers (Chennai) 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).
Shobha Popatlal Sanghvi ceased to be Director on 20 Nov 2025. Rushab Popatlal Sanghvi ceased to be Additional Director on 30 Sep 2017. Rushab Popatlal Sanghvi was appointed as Director on 03 Apr 2017. Payal Gold has 5 board changes on record in total.
Payal Gold can be reached through the website payalgold.com. Its registered office is in Mumbai, Maharashtra, India.