About Prime Lenses Private Limited
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Prime Lenses Private Limited was a private limited company based in Mapusa, Goa, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 30 May 1988.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U52311GA1988PTC000823. Its GSTIN is 27AAACG7072P1Z3 (Maharashtra). The company held 16 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.85 Cr. It was formerly known as Gkb Marketing Services P Ltd. It was led by directors including Neelakantan Raghavan Srinivasan and Vikram Gupta.
Its last annual general meeting (AGM) was held on 31 May 2019, and its latest financial statements are for the year ended 31 December 2018. The registered office was at D2 – 19 Tivim Industrial Estate Mapusa, Goa, India – 403526.
As per the financials filed for FY 2019, the company reported a revenue of ₹61.69 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹89.13 Lakh (net margin 1.4%) and EBITDA of ₹3.23 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company had about 260 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Prime Lenses. As per MCA filings, the company had satisfied charges of ₹10.45 Cr on record. Court records list 50 cases involving the company, including 45 filed by the company and 5 filed against it; 3 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹33.94 Cr; the latest was in September 2016. Its 6 peer companies in the Consumer Products industry (Lifestyle and Accessories 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 3 smaller; the largest is Gear Merchandise Private Limited with revenue of ₹64.94 Cr. The company has 3 MSME Form 1 returns on record between 2018 and 2020, listing 68 overdue payments to 4 micro and small suppliers.
The last known website on record is primelenses.com.
Company details
Contact details
Prime Lenses Private Limited's registered office is in Mapusa, Goa. Its website is primelenses.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD2 – 19 Tivim Industrial Estate Mapusa, Goa, India – 403526
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of Prime Lenses 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
Prime Lenses operates one associated brand: Prime Lenses. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of ophthalmic Lenses | primelenses.com |
Financials of Prime Lenses Private Limited
FY 2018 filings availablePrime Lenses Private Limited reported revenue of ₹61.69 Cr (up 18% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over three years, including 18% growth in the latest year. EBITDA fell 9% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹3.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹89.13 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Prime Lenses Private Limited, buy the company report.
Board of directors of Prime Lenses Private Limited
Prime Lenses has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelakantan Raghavan Srinivasan | Director | 01 Nov 2018 | 8 Years 0 Months | As last reported |
| Ashok Nathan | Additional Director | 04 Oct 2019 | 7 Years 1 Months | As last reported |
| Vikram Gupta | Director | 25 Mar 1994 | 32 Years 7 Months | As last reported |
| Sridhar Venkataraman | Additional Director | 25 Oct 2019 | 7 Years 0 Months | As last reported |
| Krishna Gopal Gupta Also directs: GKB Ophthalmics Limited, GKB Vision Private Limited | Director | 02 Jul 2015 | 11 Years 4 Months | As last reported |
Peer comparison
Prime Lenses Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories 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 |
|---|---|---|---|---|---|---|
| Gear Merchandise Private Limited | ₹64.94 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India | |||
| Bhomia Buttons Private Limited | ₹64.71 Cr (FY 2018) | 4.0% | New Delhi, Delhi, India | |||
| Windbridge Concepts Private Limited | ₹63.97 Cr (FY 2025) | -6.0% | Gandhinagar, Gujarat, India | |||
| Prime Lenses Private Limitedthis company | ₹61.69 Cr (FY 2019) | ₹89.13 Lakh | 1.4% | 18.0% | Mapusa, Goa, India | |
| Ravissant Pvt Ltd | ₹59.94 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Metropoli Fashions Pvt. Ltd. | ₹59.36 Cr (FY 2025) | 19.0% | Kolkata, West Bengal, India | |||
| Avon Lifestyle Private Limited | ₹59.21 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Prime Lenses Private Limited, buy the company report.
Auditor
Prime Lenses Private Limited is audited by Kalyaniwalla & Mistry for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kalyaniwalla & Mistry | FY 2018 | 104607W/W101166 |
Shareholding
The shareholding of Prime Lenses Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Prime Lenses Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2008 | 10102632 | Pyramid Finance Limited | ₹25 Lakh | Satisfied | |
| 26 Apr 2007 | 10055657 | Pyramid Finance Limited | ₹31.5 Lakh | Satisfied | |
| 21 Aug 2006 | 10020503 | Bank of India Limited | ₹3.83 Lakh | Satisfied | |
| 07 Sep 2004 | 90077628 | Canara Bank | ₹9.85 Cr | Satisfied |
To see the full charge records of Prime Lenses Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Prime Lenses Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹33.94 Cr; the latest was in September 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: GKB Ophthalmics Limited , 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jul 2015 | Funding round | ₹29.59 Cr | Investors: Essilor Manufacturing India Private Limited , Essilor India Private Limited , 2 individuals |
| Mar 2014 | Funding round | ₹3 Cr | Investors: GKB Vision Private Limited , GKB Ophthalmics Limited |
| Mar 2010 | Funding round | ₹1.13 Cr | Investors: GKB Ophthalmics Limited , GKB Vision Private Limited , 2 individuals |
To see the full deal history of Prime Lenses Private 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
Prime Lenses Private Limited has 50 court cases on record: 45 filed by Prime Lenses, 5 filed against it. 3 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 4 | 3 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against India Safe Logistics Through Anil Tiwari | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Appeal) | Filed by the company against M/S Universal Asphal Products and Construction Company | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.-PWA) | Filed against the company by individuals | Disposed |
To see the full case history of Prime Lenses 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
Prime Lenses Private Limited has 3 MSME Form 1 returns on record between 2018 and 2020, listing 68 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Labkart Scientific Solutions | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Prime Lenses Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Prime Lenses has 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
GST
Prime Lenses has 16 GST registrations: 2 active and 14 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG7072P1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACG7072P2Z9 | Tamil Nadu | Active | 24 Aug 2017 |
To see the full GST registrations and return filing status of Prime Lenses Private Limited, buy the company report.
Recent activity
Prime Lenses Private Limited has 20 board changes on record since 1994: 5 appointments and 15 cessations. The latest: Antonio Jose Noel Transfiguracao Da Silva ceased to be Company Secretary on 25 May 2020.
20 earlier events are in the company report.
Frequently asked questions
Prime Lenses has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Prime Lenses was a private limited company based in Mapusa, Goa, India. The company worked in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 30 May 1988 and is registered under CIN U52311GA1988PTC000823. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Prime Lenses was incorporated on 30 May 1988. It is registered with the Registrar of Companies, Goa.
Prime Lenses had 5 directors:
- Neelakantan Raghavan Srinivasan - Director
- Ashok Nathan - Additional Director
- Vikram Gupta - Director
- Sridhar Venkataraman - Additional Director
- Krishna Gopal Gupta - Director
The CIN (Corporate Identification Number) of Prime Lenses is U52311GA1988PTC000823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Prime Lenses is at D2 – 19 Tivim Industrial Estate Mapusa, Goa, India – 403526.
Prime Lenses can be reached through the website primelenses.com. Its registered office is in Mapusa, Goa, India.
The latest financial statements of Prime Lenses on record with the MCA are for the year ended 31 December 2018. Its last annual general meeting was held on 31 May 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Prime Lenses is 27AAACG7072P1Z3, registered in Maharashtra. The company has 16 GST registrations in all, of which 2 are active and 14 are cancelled or inactive. Other active GSTINs include 33AAACG7072P2Z9 (Tamil Nadu).
Prime Lenses operated in the home and lifestyle industry, in the lifestyle products and accessories manufacturing segment.
Prime Lenses has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹33.94 Cr; the latest was in September 2016.
The peers of Prime Lenses by revenue are Gear Merchandise Private Limited, Bhomia Buttons Private Limited, Windbridge Concepts Private Limited, Ravissant Pvt Ltd, Metropoli Fashions Pvt. Ltd. and 1 more, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
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