About Punjab Retail Private Limited
Data last updated:
Punjab Retail Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 16 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U36911MP1998PTC020496. Its GSTIN is 23AACCP5782B1ZO (Madhya Pradesh).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.5 Cr. It was formerly known as Punjab Ornaments Private Limited. It is led by directors including Darpan Anand (Managing Director) and Harbhajan Lal Anand (Whole-Time Director).
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 Gold Plaza 577 M.G. Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹497.1 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹37.97 Cr (net margin 7.6%) and EBITDA of ₹57.13 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 17% over five years.
The company has about 137 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Punjab Jewels. As per MCA filings, the company has open charges of ₹48 Cr and satisfied charges of ₹52.18 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4 Cr; the latest was in June 2023. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 5 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website punjabjewels.com.
Company details
CIN history
Punjab Retail has one previous CIN (Corporate Identification Number): U36911MH1998PTC161257. The current CIN is U36911MP1998PTC020496, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36911MP1998PTC020496 | Current |
| U36911MH1998PTC161257 | Previous |
Contact details
Punjab Retail Private Limited's registered office is in Indore, Madhya Pradesh. Its website is punjabjewels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGold Plaza 577 M.G. Road, Indore, Madhya Pradesh, India – 452001
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Punjab Retail 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
Punjab Retail operates one associated brand: Punjab Jewels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Jewelry retail specializing in modern and ethnic designs in India. | punjabjewels.com |
Business activity
The main business activities of Punjab Retail 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 Punjab Retail Private Limited, buy the company report.
Financials of Punjab Retail Private Limited
FY 2025 filings availablePunjab Retail Private Limited reported revenue of ₹497.1 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 7% growth in the latest year. EBITDA rose 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹497.1 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹57.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.97 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 11.5% | ||||
| Net Profit Margin | 7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Punjab Retail Private Limited, buy the company report.
Board of directors of Punjab Retail Private Limited
Punjab Retail has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darpan Anand Also directs: Darpan Retail Private Limited, Punjab Jewels Private Limited | Managing Director | 07 Nov 2011 | 14 Years 11 Months | Current |
| Harbhajan Lal Anand Also directs: Anand Cars Private Limited, Anand Premium Cars Private Limited, Anand Jewels (Indore) Private Limited and 2 more | Whole-Time Director | 07 Nov 2011 | 14 Years 11 Months | Current |
| Anubha Anand Also directs: Darpan Retail Private Limited, Punjab Jewels Private Limited | Whole-Time Director | 10 Nov 2011 | 14 Years 11 Months | Current |
Auditor
Punjab Retail Private Limited is audited by S. Bandi & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Bandi & Co. | FY 2025 | 13876W |
Shareholding
The shareholding of Punjab Retail Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Punjab Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2020 | 100386955 | Hdfc Bank Limited | ₹48 Cr | Open | |
| 03 Feb 2020 | 100377155 | Hdfc Bank Limited | ₹51.45 Lakh | Satisfied | |
| 03 Feb 2020 | 100377156 | Hdfc Bank Limited | ₹74.5 Lakh | Satisfied | |
| 29 Aug 2009 | 10177395 | Hdfc Bank Limited | ₹2.92 Cr | Satisfied | |
| 23 Aug 2007 | 10067862 | Others | ₹48 Cr | Satisfied |
To see the full charge records of Punjab Retail Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Punjab Retail Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4 Cr; the latest was in June 2023.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jan 2020 | Secondary share transfer | Undisclosed | Seller: Anand Hospital and Research Centre Pvt Ltd |
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: an individual |
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Harbhajan Anand Huf, Harbhajan Anand Huf & Gaurav Anand, 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Harbhajan Anand Huf & Gaurav Anand, an individual Seller: Harbhajan Anand Huf, an individual |
To see the full deal history of Punjab Retail 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
Punjab Retail Private Limited has 2 court cases on record: 2 filed by Punjab Retail. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (9999-Other) | Filed by the company against Commnr.,Indore Municipal Corp.,Indore | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS B) | Filed by the company against an individual | Disposed |
To see the full case history of Punjab Retail 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.
Credit ratings & regulatory alerts
Punjab Retail Private Limited was last rated by Icra on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Punjab Retail Private Limited, buy the company report.
MSME payment delays
Punjab Retail Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Laxmi Jewellery Export Private Limited |
To see the full MSME payment records of Punjab Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Punjab Retail Private Limited has a workforce of 137 employees on its EPFO records as of Jan 27, 2026, across 1 active EPFO establishment.
GST
Punjab Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCP5782B1ZO | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Punjab Retail Private Limited, buy the company report.
Recent activity
Punjab Retail Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Niharika Roongta ceased to be Company Secretary on 15 Sep 2021.
9 earlier events are in the company report.
Frequently asked questions
Punjab Retail is an active private limited company based in Indore, Madhya Pradesh, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 16 March 1998 (28+ years old) and is registered under CIN U36911MP1998PTC020496.
Punjab Retail has 3 current directors:
- Darpan Anand - Managing Director
- Harbhajan Lal Anand - Whole-Time Director
- Anubha Anand - Whole-Time Director
The latest financial statements of Punjab Retail 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 Punjab Retail is 23AACCP5782B1ZO, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Punjab Retail is U36911MP1998PTC020496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Punjab Retail has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Punjab Retail was incorporated on 16 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Gwalior.
Punjab Retail has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4 Cr; the latest was in June 2023.
Niharika Roongta ceased to be Company Secretary on 15 Sep 2021. Shashi Anand ceased to be Director on 01 Apr 2015. Anubha Anand was appointed as Whole-Time Director on 10 Nov 2011. Punjab Retail has 7 board changes on record in total.
Punjab Retail has 2 MSME Form 1 returns on record between 2020 and 2021, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 02 Nov 2021.
Punjab Retail can be reached through the website punjabjewels.com. Its registered office is in Indore, Madhya Pradesh, India.
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