About Priority Gold Private Limited
Data last updated:
Priority Gold Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Priority Jewels Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 12 January 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U28990MH2011PTC212237. Its GSTIN is 27AAFCP7974G1ZX (Maharashtra). The company held 5 GST registrations, of which 4 are active.
The company had an authorised share capital of ₹18 Cr and a paid-up capital of ₹15.5 Cr. It was led by directors including Shailesh Harkisandas Sangani and Tushar Mehta Anantrai.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Plot No. 121 Street No.15/18 MIDC Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2019, the company reported a revenue of ₹566.06 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹2.47 Cr (net margin 0.4%) and EBITDA of ₹12.03 Cr (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company had about 13 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹280.5 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company.
The last known website on record is priorityindia.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 121 Street No.15/18 MIDC Andheri (East), Mumbai, Maharashtra, India – 400093
- 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 Priority Gold Private Limited
The main business activity of Priority Gold is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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 Priority Gold Private Limited FY 2019 filings available
Priority Gold Private Limited reported revenue of ₹566.06 Cr (down 10% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Priority Gold Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 10% fall in the latest year. EBITDA fell 16% 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 of Priority Gold Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹566.06 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.47 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 Priority Gold Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Priority Gold 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.
Peer Comparison of Priority Gold Private Limited
Priority Gold Private 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 |
|---|---|---|---|---|---|---|
| Radhika Jeweltech Limited Listed | ₹588.29 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Rajkot, Gujarat, India |
| Featherstone Designs Private Limited | ₹587.82 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Mumbai, Maharashtra, India |
| Moksh Ornaments Limited Listed | ₹583 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Oasis Jewells Private Limited | ₹581.15 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ahmedabad, Gujarat, India |
| Annai Jewellers Private Limited | ₹572.41 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Tuticorin, Tamil Nadu, India |
| Priority Gold Private Limited this company | ₹566.06 Cr (FY 2019) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
| Sawansukha Jewellers Pvt Ltd | ₹565.71 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Kolkata, West Bengal, India |
| P C Chandra (Gems) Private Limited | ₹565.3 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
| Walking Tree (India) Private Limited | ₹565.11 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Sonawala Industries Private Limited | ₹562.63 Cr (FY 2025) | •••• | •••• | 524.0% | •••• | Mumbai, Maharashtra, India |
| Stellaire Gems Private Limited | ₹561.39 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Priority Gold 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 Priority Gold Private Limited
Priority Gold Private Limited is audited by B S R & Co. LLP for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & 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.
Board of Directors of Priority Gold Private Limited
Priority Gold has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Harkisandas Sangani Also directs: Bombay Carats LLP, Priority Jewels Limited, Bombay Carats.Com Private Limited and 5 more | Director | 12 Jan 2011 | 15 Years 8 Months | As last reported |
| Tushar Mehta Anantrai Also directs: Bombay Carats LLP, Priority Jewels Limited, Bombay Carats.Com Private Limited and 5 more | Director | 04 Apr 2011 | 15 Years 6 Months | As last reported |
| Jaison Simon Panakkal Also directs: JS Jewels Private Limited | Director | 04 Apr 2011 | 15 Years 6 Months | As last reported |
Ownership and Shareholding of Priority Gold Private 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 Priority Gold Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2015 | Punjab National Bank | ₹15 Cr | Satisfied |
| 27 Mar 2015 | Idbi Bank Limited | ₹20 Cr | Satisfied |
| 11 Mar 2013 | Yes Bank Limited | ₹140 Cr | Satisfied |
| 20 Dec 2012 | Union Bank of India | ₹20 Cr | Satisfied |
| 23 Jul 2011 | Corporation Bank Limited | ₹15.5 Cr | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Priority Gold Private Limited
Priority Gold Private Limited has 9 court cases on record: 9 filed by Priority Gold. All cases are disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 0 | 0 |
Cases on record (4 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Appeal | Filed by the company against Asst. Commissioner of State Tax | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against Asst.Commissioner of State Tax | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against Asst. Commissioner (Assessment) | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner | Disposed |
Full case history
All 9 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 Priority Gold Private Limited
Priority Gold Private Limited has a workforce of 13 employees as of Mar 28, 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.
Recent Activity on Priority Gold Private Limited
Priority Gold Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Jaison Simon Panakkal ceased to be Managing Director on 21 Sep 2019.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Priority Gold Private 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 Priority Gold Private 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 Priority Gold Private 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 Priority Gold Private Limited
Priority Gold has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP7974G1ZX | Maharashtra | Active | 01 Jul 2017 |
| 19AAFCP7974G1ZU | West Bengal | Active | 01 Jul 2017 |
| 32AAFCP7974G1Z6 | Kerala | Active | 01 Jul 2017 |
| 33AAFCP7974G1Z4 | Tamil Nadu | 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 Priority Gold Private 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.
Frequently Asked Questions about Priority Gold Private Limited
Priority Gold 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.
Priority Gold was a private limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 12 January 2011 and is registered under CIN U28990MH2011PTC212237. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Priority Gold was incorporated on 12 January 2011. It is registered with the Registrar of Companies, Mumbai.
Priority Gold had 3 directors:
- Shailesh Harkisandas Sangani - Director
- Tushar Mehta Anantrai - Director
- Jaison Simon Panakkal - Director
The CIN (Corporate Identification Number) of Priority Gold is U28990MH2011PTC212237. 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 Priority Gold is at Plot No. 121 Street No.1518 MIDC Andheri East, Mumbai, Maharashtra, India – 400093.
Priority Gold can be reached through the website priorityindia.com. Its registered office is in Mumbai, Maharashtra, India.
Priority Gold reported revenue of ₹566.06 Cr for FY 2019 (down 10% YoY).
Priority Gold has an authorised share capital of ₹18 Cr and a paid-up capital of ₹15.5 Cr.
Priority Gold reported a net profit of ₹2.47 Cr (net margin 0.4%) and EBITDA of ₹12.03 Cr (EBITDA margin 2.1%) for FY 2019, as per its filed financial statements.
The GSTIN of Priority Gold is 27AAFCP7974G1ZX, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAFCP7974G1ZU (West Bengal), 32AAFCP7974G1Z6 (Kerala), 33AAFCP7974G1Z4 (Tamil Nadu).