Gitanjali Gems Profile
Key Indicators
- Authorised Capital ₹ 167.25 Cr
- Paid Up Capital ₹ 118.62 Cr
- Company Age 38 Year, 6 Months
- Last Filing with ROC 31 Mar 2017
- Open Charges ₹ 14,264.23 Cr
- Satisfied Charges ₹ 6,139.42 Cr
- Revenue Growth 19.48%
- Profit Growth 158.50%
- Ebitda -12.81%
- Net Worth 2.57%
- Total Assets 0.85%
About Gitanjali Gems
Gitanjali Gems Ltd (GGL) is Under Liquidation company established on 21 Aug 1986 with its office registered at Mumbai, Maharashtra, India and has been running since 38 Year, 6 Months with a paid up capital of 118.62 Cr. According to MCA records, 5 Directors and 1 Signatories are linked to this company as of 20 Apr 2024.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L36911MH1986PLC040689
- Company No.
040689
- Stock Symbol
BSE : 532715
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
21 Aug 1986
- Date of AGM
28 Sep 2017
- Date of Balance Sheet
31 Mar 2017
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Consumer Goods
What products or services does Gitanjali Gems Ltd offer?
Gitanjali Gems Ltd offers a wide range of products and services, including Designer Bangles, Fashion Bangles, Wrist Watch, Fashion Wrist Watches, Fashion Accessories, Fashion Jewelry, Costume & Fashion Jewelry, Imitation Jewelry, Swiss Watches, Sterling Silver.
Who are the key members and board of directors at Gitanjali Gems?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mehul Choksi  | Managing Director | 21-Aug-1986 | Current |
| Chandrakant Karkare | CFO | 30-May-2014 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Krishnan Sangameshwaran | Director | Current | |
| Dhanesh Sheth | Whole-Time Director | Current | |
| Anil Haldipur | Director | Current | |
| Nazura Ajaney | Director | Current |
Financial Performance of Gitanjali Gems.
Gitanjali Gems Ltd, for the financial year ended 2016, experienced significant growth in revenue, with a 19.48% increase. The company also saw a substantial improvement in profitability, with a 158.5% increase in profit. The company's net worth moved up by a moderate rise of 2.57%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gitanjali Gems?
In 2017, Gitanjali Gems had a promoter holding of 31.04% and a public holding of 68.96%. The company had 34 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Gitanjali Jewellery Retail LimitedMehul Choksi is a mutual person
- Gitanjali Lifestyle Limited
Mehul Choksi and Dhanesh Sheth are mutual person
- Gitanjali Infratech Limited
Mehul Choksi is a mutual person
- Mmtc Gitanjali Limited
Mehul Choksi and Dhanesh Sheth are mutual person
Bezel Jewellery (India) Private LimitedMehul Choksi and Anil Haldipur are mutual person
Gitanjali Gold And Precious LlpMehul Choksi and Dhanesh Sheth are mutual person
Charges (Loans)
Open Charges
₹14,264.23 Cr
Satisfied Charges
₹6,139.42 Cr
Charges Breakdown by Lending Institutions
- Allbank Finance Ltd : 6030.00 Cr
- Idbi Trusteeship Services Limited : 4056.07 Cr
- Sbicap Trustee Company Limited : 1450.00 Cr
- Corporation Bank : 352.00 Cr
- Idbi Bank Limited : 327.36 Cr
- Others : 2048.80 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2016 | Syndicate Bank | ₹40.36 Cr | Open |
| 19 Aug 2016 | Others | ₹60.00 Cr | Open |
| 29 Oct 2015 | Others | ₹109.00 Cr | Open |
| 11 Jul 2015 | Union Bank Of India | ₹21.00 Cr | Open |
| 21 May 2015 | Corporation Bank | ₹52.00 Cr | Open |
How Many Employees Work at Gitanjali Gems?
Gitanjali Gems has a workforce of 631 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Gitanjali Gems, 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 Gitanjali Gems's trajectory.
Rating
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
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 Gitanjali Gems
Recent activity within the organization
- Annual General Meeting
Gitanjali Gems Ltd last Annual general meeting of members was held on 28 Sep 2017 as per latest MCA records.
- Charges
A charge with Others of Rs. 109.00 Cr registered on 29 Oct 2015 with Charge ID 10602590 was modified on 26 May 2017.
- Balance Sheet
Gitanjali Gems Ltd has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.
- Charges
A charge with Syndicate Bank amounted to Rs. 40.36 Cr with Charge ID 100068197 was registered on 21 Dec 2016.
- Charges
A charge with Others amounted to Rs. 60.00 Cr with Charge ID 100084504 was registered on 19 Aug 2016.
- Charges
A charge with Allbank Finance Ltd of Rs. 375.00 Cr registered on 30 Mar 2013 with Charge ID 10428308 was modified on 14 Mar 2016.
Recent News, Updates & Announcement
- Bankruptcy court orders liquidation of Mehul Choksi-promoted Gitanjali Gems.
The company was originally admitted under the Corporate Insolvency Resolution Process (CIRP) in October 2018. It has admitted liabilities of over Rs 12,558 crore..
- Bankers vote to liquidate Gitanjali Gems on time over-run | Mint.
Creditors reject extension of the resolution process and chose to go for liquidation of Gitanjali Gems.Both Gitanjali Gems' Mehul Choksi and his nephew diamantaire Nirav Modi are absconding and are facing extradition now.
Frequently asked questions
What is the Incorporation or founding date of Gitanjali Gems Ltd?
Gitanjali Gems Ltd was incorporated on 21 Aug 1986.
What is authorized share capital and paid-up capital of Gitanjali Gems Ltd?
The authorized share capital of Gitanjali Gems Ltd is ₹ 167.25 Cr and paid-up capital is ₹ 118.62 Cr.
Who are the current board members & directors of Gitanjali Gems Ltd?
Currently 6 directors are associated with Gitanjali Gems Ltd.
- Mehul Chinubhai Choksi
- Dhanesh Vrajlal Sheth
- Chandrakant Kanu Karkare
- Anil Umesh Haldipur
- Nazura Yash Ajaney
- Krishnan Sangameshwaran
What is the registered address of Gitanjali Gems Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Gitanjali Gems Ltd is A-1 7Th Floor Laxmi Tower, Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India, 400051.
What is the corporate identification number (CIN) and company number of Gitanjali Gems Ltd?
The corporate identification number (CIN) of Gitanjali Gems Ltd is L36911MH1986PLC040689 and the company number is 040689 as per Ministry of Corporate Affairs (MCA).
Is Gitanjali Gems Ltd registered with any stock exchange in India?
Yes, Gitanjali Gems Ltd is registered on Bombay Stock Exchange (BSE).
What is the official website of Gitanjali Gems Ltd?
The Official website of Gitanjali Gems Ltd is https://www.gitanjaligroup.com
What has been the recent revenue trend for Gitanjali Gems Ltd?
According to the financial reports for the fiscal year 2016, the revenue trend for Gitanjali Gems Ltd has risen by 19.48%.
How many employees does Gitanjali Gems Ltd currently have?
As Per 2016 financial reports, 631 employees are currently employed by Gitanjali Gems Ltd.
What change has been observed in the net worth of Gitanjali Gems Ltd, and by what percentage?
The financial reports for the fiscal year 2016 indicates that The net worth of Gitanjali Gems Ltd has experienced an upsurge of 2.57%.
What are the total open charges for Gitanjali Gems Ltd?
As per the financial statements for fiscal Year 2016, The total open charges for Gitanjali Gems Ltd amount to ₹ 14,264.23 Cr.
When was the last Balance Sheet of Gitanjali Gems Ltd filed with the ROC?
The most recent Balance Sheet for Gitanjali Gems Ltd was filed with the ROC on 31 Mar 2017.
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