Enovate Lifestyles Private Limited

Online jewelry retailer offering a variety of gold and diamond products under the brand 'Candere'.

2010 | Mumbai, Maharashtra (India) | Active
Last Updated: June 18, 2024

Enovate Lifestyles Profile

Key Indicators

  • Authorised Capital ₹ 1.37 Cr
  • Paid Up Capital ₹ 1.32 Cr
  • Company Age 14 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.75 Cr
  • Revenue Growth 11.73%
  • Profit Growth -383.98%
  • Ebitda -5154.28%
  • Net Worth -39.96%
  • Total Assets 45.06%

About Enovate Lifestyles

Enovate Lifestyles Private Limited (ELPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 December 2010 and has a history of 14 years and one month. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Enovate Information Technologies Private Limited. The Company is engaged in the Internet Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.37 Cr and a paid-up capital of Rs 1.32 Cr.

The company currently has active open charges totaling ₹3.75 Cr.

Anil Nair, Trikkur Seetharaman, Arun Sankar, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    candere.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74900MH2010PTC211692

  • Company No.

    211692

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    31 Dec 2010

  • Date of AGM

    05 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Internet

What products or services does Enovate Lifestyles Private Limited offer?

Enovate Lifestyles Private Limited offers a wide range of products and services, including Gold & Gold Jewellery, Gold Jewelry, Gold Bracelets, Ladies Earring, Gold Earrings, Gold Chains, Gold Kada, Costume & Fashion Jewelry, Pendant, Gold Bangles.

Who are the key members and board of directors at Enovate Lifestyles?

Executive Team (1)

NameDesignationAppointment DateStatus
Rupesh Jain Country flag representing In Managing Director24-May-2012Current

Board Members (4)

NameDesignationAppointment DateStatus
Trikkur Seetharaman Country flag representing In Director 01-Nov-2022Current
Anil Nair Country flag representing In Director 01-Nov-2022Current
Arun Sankar Country flag representing In Director 28-Apr-2017Current
Sanjay Raghuraman Country flag representing In Director 28-Apr-2017Current

Financial Performance of Enovate Lifestyles.

Enovate Lifestyles Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.73% increase. The company also saw a substantial fall in profitability, with a 383.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 39.96%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
11.73%
Revenue from Operations
10.99%
Total Assets
45.06%
Profit or Loss
-383.98%
Net Worth
-39.96%
EBITDA
-5154.28%

What is the Ownership and Shareholding Structure of Enovate Lifestyles?

In 2023, Enovate Lifestyles had a promoter holding of 15.00% and a public holding of 85.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.75 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Tata Capital Financial Services Limited : 3.75 Cr

Latest Charge Details

DateLenderAmountStatus
16 Feb 2023Tata Capital Financial Services Limited₹3.75 CrOpen

How Many Employees Work at Enovate Lifestyles?

Enovate Lifestyles has a workforce of 154 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Enovate Lifestyles, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Enovate Lifestyles's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Enovate Lifestyles

Recent activity within the organization

  • Annual General Meeting

    Enovate Lifestyles Private Limited last Annual general meeting of members was held on 05 Aug 2023 as per latest MCA records.

    05 Aug 2023

  • Balance Sheet

    Enovate Lifestyles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 3.75 Cr with Charge ID 100676813 was registered on 16 Feb 2023.

    16 Feb 2023

  • Director Appointment

    Anil Sadasivan Nair was appointed as a Director was appointed as a Director on 01 Nov 2022 & has been associated with this company since 2 years 3 months .

    01 Nov 2022

  • Director Appointment

    Trikkur Anantharaman Seetharaman was appointed as a Director was appointed as a Director on 01 Nov 2022 & has been associated with this company since 2 years 3 months .

    01 Nov 2022

  • Director Appointment

    Arun Sankar was appointed as a Director was appointed as a Director on 28 Apr 2017 & has been associated with this company since 7 years 9 months .

    28 Apr 2017

Recent News, Updates & Announcement

Frequently asked questions

  • Enovate Lifestyles Private Limited was incorporated on 31 Dec 2010.

  • The authorized share capital of Enovate Lifestyles Private Limited is ₹ 1.37 Cr and paid-up capital is ₹ 1.32 Cr.

  • Currently 5 directors are associated with Enovate Lifestyles Private Limited.

    • Anil Sadasivan Nair
    • Trikkur Anantharaman Seetharaman
    • Arun Sankar
    • Sanjay Raghuraman
    • Rupesh Babulal Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Enovate Lifestyles Private Limited is 501-502 Om Shakti Samrat Chs Ltd Plot No - 21 Shakti Niwas Ramchandra Lane Extn Mala, D West, Mumbai, Maharashtra, India, 400064.

  • The corporate identification number (CIN) of Enovate Lifestyles Private Limited is U74900MH2010PTC211692 and the company number is 211692 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Enovate Lifestyles Private Limited is https://www.candere.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Enovate Lifestyles Private Limited has risen by 11.73%.

  • As Per 2023 financial reports, 154 employees are currently employed by Enovate Lifestyles Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Enovate Lifestyles Private Limited has experienced an downturn of -39.96%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Enovate Lifestyles Private Limited amount to ₹ 3.75 Cr.

  • The most recent Balance Sheet for Enovate Lifestyles Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Watches and Jewellery