About Shangold India Limited
Data last updated:
Shangold India Limited is a public 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 17 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2000PLC123669. Its GSTIN is 27AAECS1508A1ZX (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.83 Cr. It is led by directors including Rajeevshankar Anandshankar Pandya (Managing Director) and Nagesh Gopinath More.
Its last annual general meeting (AGM) was held on 28 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gj – 02 Sdf – 7 Seepz Andheri – (E), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.81 Cr. For the same year it recorded a net profit of ₹42.37 Lakh (net margin 0.9%) and EBITDA of ₹1.9 Cr (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36.67 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shankarjewels.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGj – 02 Sdf – 7 Seepz Andheri – (E), Mumbai, Maharashtra, India – 400096
- 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 Shangold India Limited
The main business activity of Shangold India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 Shangold India Limited FY 2024 filings available
Shangold India Limited reported revenue of ₹49.81 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shangold India Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years. 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 of Shangold India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.9 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.37 Lakh | •••• | •••• | •••• | •••• |
| 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 Shangold India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Shangold India 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 Shangold India Limited
Shangold India 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 |
|---|---|---|---|---|---|---|
| Aadi Diamonds and Jewellery Private Limited | ₹50.27 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Mumbai, Maharashtra, India |
| Supreme Gems Private Limited | ₹49.91 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| BLS Power Solution Limited | ₹49.89 Cr (FY 2021) | •••• | •••• | -59.0% | •••• | Walajapet, Tamil Nadu, India |
| Parasmani Gems Private Limited | ₹49.88 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Zanzar Jewels Private Limited | ₹49.86 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Ahmedabad, Gujarat, India |
| Shangold India Limited this company | ₹49.81 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Diavisz Jewels Private Limited | ₹49.77 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| Delhi Chain Company Pvt Ltd | ₹49.69 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Delhi, India |
| Regal Gold Private Limited | ₹49.68 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Mohanlal Madhawjee Jewellers Private Limited | ₹49.57 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Safa Gold and Diamonds Limited | ₹49.47 Cr (FY 2025) | •••• | •••• | •••• | Perinthalmanna, Kerala, India |
Peers are the five companies nearest above and the five nearest below Shangold India 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 Shangold India Limited
Shangold India Limited is audited by RAJENDRA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJENDRA & CO | 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 Shangold India Limited
Shangold India 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 |
|---|---|---|---|---|
| Nagesh Gopinath More | Additional Director | 20 Oct 2023 | 2 Years 11 Months | Current |
| Pradeepshankar Ganeshnath Pandya | Additional Director | 28 Aug 2023 | 3 Years 1 Months | Current |
| Rajeevshankar Anandshankar Pandya Also directs: Shankar Packagings Limited, Seepz Gems and Jewellery Manufacturers Association, Shankar Jewels Limited and 1 more | Managing Director | 17 Jan 2000 | 26 Years 9 Months | Current |
Ownership and Shareholding of Shangold India 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 Shangold India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2021 | Bank of India | ₹1.24 Cr | Open |
| 14 Aug 2020 | Canara Bank | ₹77.75 Lakh | Open |
| 31 Jul 2020 | Bank of India | ₹2.4 Cr | Open |
| 08 Aug 2015 | Syndicate Bank | ₹4 Cr | Open |
| 02 Sep 2014 | Bank of India | ₹3 Cr | Open |
Total charge records: 10 View all charges
Legal Cases of Shangold India Limited
Shangold India Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Disposed |
Full case history
All 1 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 Shangold India Limited
Shangold India Limited has a workforce of 27 employees as of Mar 31, 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.
CIN History of Shangold India Limited
Shangold India has one previous CIN (Corporate Identification Number): L36912MH2000PLC123669. The current CIN is U36912MH2000PLC123669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36912MH2000PLC123669 | Current |
| L36912MH2000PLC123669 | Previous |
Recent Activity on Shangold India Limited
Shangold India Limited has 9 board changes on record since 2000: 3 appointments and 6 cessations. The latest: Pranab Lalit Mitra ceased to be Additional Director on 12 Jun 2024.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shangold India 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 Shangold India 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 Shangold India 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 Shangold India Limited
Shangold India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS1508A1ZX | Maharashtra | Active | 01 Jul 2017 |
| 27AAECS1508A2ZW | Maharashtra | 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 Shangold India 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 Shangold India Limited
Shangold India is an active 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 17 January 2000 (26+ years old) and is registered under CIN U36912MH2000PLC123669.
Shangold India reported revenue of ₹49.81 Cr for FY 2025.
Shangold India has 3 current directors:
- Rajeevshankar Anandshankar Pandya - Managing Director
- Nagesh Gopinath More - Additional Director
- Pradeepshankar Ganeshnath Pandya - Additional Director
Shangold India reported a net profit of ₹42.37 Lakh (net margin 0.9%) and EBITDA of ₹1.9 Cr (EBITDA margin 3.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shangold India is -5% over three years and -2% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shangold India is 27AAECS1508A1ZX, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECS1508A2ZW (Maharashtra).
The CIN (Corporate Identification Number) of Shangold India is U36912MH2000PLC123669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shangold India has 1 court case on record: 1 filed against it.
Shangold India was incorporated on 17 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shangold India by revenue are Aadi Diamonds and Jewellery Private Limited, Supreme Gems Private Limited, BLS Power Solution Limited, Parasmani Gems Private Limited, Zanzar Jewels Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Pranab Lalit Mitra ceased to be Additional Director on 12 Jun 2024. Nagesh Gopinath More was appointed as Additional Director on 20 Oct 2023. Pradeepshankar Ganeshnath Pandya was appointed as Additional Director on 28 Aug 2023. Shangold India has 9 board changes on record in total.