Gitanjali Gems Ltd

This company manufactures and trades diamond and gold jewelry, as well as other lifestyle products.

1986 | Mumbai, Maharashtra (India) | Under Liquidation
Last Updated: April 20, 2024

Gitanjali Gems Profile

Key Indicators

  • Authorised Capital ₹ 167.25 Cr
  • Paid Up Capital ₹ 118.62 Cr
  • Company Age 38 Year, 5 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, 5 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
  • 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)

NameDesignationAppointment DateStatus
Mehul Choksi Country flag representing In Managing Director21-Aug-1986Current
Chandrakant Karkare CFO30-May-2014Current

Board Members (4)

NameDesignationAppointment DateStatus
Krishnan Sangameshwaran Country flag representing In Director Current
Dhanesh Sheth Country flag representing In Whole-Time Director Current
Anil Haldipur Country flag representing In Director Current
Nazura Ajaney Country flag representing In 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%.

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
19.48%
Revenue from Operations
20.20%
Total Assets
0.85%
Profit or Loss
158.50%
Net Worth
2.57%
EBITDA
-12.81%

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.

Shareholding Indicator graph

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

DateLenderAmountStatus
21 Dec 2016Syndicate Bank₹40.36 CrOpen
19 Aug 2016Others₹60.00 CrOpen
29 Oct 2015Others₹109.00 CrOpen
11 Jul 2015Union Bank Of India₹21.00 CrOpen
21 May 2015Corporation Bank₹52.00 CrOpen

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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

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 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.

    28 Sep 2017

  • 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.

    26 May 2017

  • Balance Sheet

    Gitanjali Gems Ltd has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.

    31 Mar 2017

  • Charges

    A charge with Syndicate Bank amounted to Rs. 40.36 Cr with Charge ID 100068197 was registered on 21 Dec 2016.

    21 Dec 2016

  • Charges

    A charge with Others amounted to Rs. 60.00 Cr with Charge ID 100084504 was registered on 19 Aug 2016.

    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.

    14 Mar 2016

Recent News, Updates & Announcement

Frequently asked questions

  • Gitanjali Gems Ltd was incorporated on 21 Aug 1986.

  • The authorized share capital of Gitanjali Gems Ltd is ₹ 167.25 Cr and paid-up capital is ₹ 118.62 Cr.

  • 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
  • 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.

  • The corporate identification number (CIN) of Gitanjali Gems Ltd is L36911MH1986PLC040689 and the company number is 040689 as per Ministry of Corporate Affairs (MCA).

  • Yes, Gitanjali Gems Ltd is registered on Bombay Stock Exchange (BSE).

  • The Official website of Gitanjali Gems Ltd is https://www.gitanjaligroup.com

  • According to the financial reports for the fiscal year 2016, the revenue trend for Gitanjali Gems Ltd has risen by 19.48%.

  • As Per 2016 financial reports, 631 employees are currently employed by Gitanjali Gems Ltd.

  • The financial reports for the fiscal year 2016 indicates that The net worth of Gitanjali Gems Ltd has experienced an upsurge of 2.57%.

  • As per the financial statements for fiscal Year 2016, The total open charges for Gitanjali Gems Ltd amount to ₹ 14,264.23 Cr.

  • The most recent Balance Sheet for Gitanjali Gems Ltd was filed with the ROC on 31 Mar 2017.

People also Viewed

Similar Companies Based on Watches & Jewelry Manufacturing