Gitanjali Lifestyle Limited - Due diligence report

A 360° intelligence report on Gitanjali Gems: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2007-05-04 Mumbai, Maharashtra Active Unlisted Active Non-Compliant
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GL Gitanjali Lifestyle Limited
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Gitanjali Gems — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Gitanjali Gems is assessed as Moderate with a Trust Score of 50/100. Gitanjali Gems is an active public limited indian non-government company incorporated in 2007, operating in the Consumer Goods sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Gitanjali Lifestyle Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Neutral

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 1 open (75.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Standard Chartered Bank1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2016 - filings overdue.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
DHANESH VRAJLAL SHETH 01234567 Director 01/04/2018 6 yrs Approved
DINESH GOPALDAS BHATIA 01234567 Director 01/04/2018 6 yrs Approved
MEHUL CHINUBHAI CHOKSI 01234567 Director 01/04/2018 6 yrs Approved
SANGINI SWAPNIL MEHTA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • DINESH GOPALDAS BHATIA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
2
Group entities
2
Capital events
3 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Maya Retail Limited Subsidiary Company 74.00%

Key managerial personnel: DHANESH VRAJLAL SHETH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 50
Growth signals & trust indicators
Latest year revenue grew 38%.
Asset base grew 1.42 - capacity expansion.
Operating for 19+ years.
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (48/100).
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence49/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 75.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view43/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2016
Last AGM held
Annual general meeting
31 Mar 2016
Latest balance sheet
Filed with ROC
29 Sep 2015
Director ceased
DINESH GOPALDAS BHATIA
30 Jun 2015
Director appointed
DINESH GOPALDAS BHATIA (Director)
28 Sep 2013
Director ceased
SANGINI SWAPNIL MEHTA
16 Jul 2013
Director appointed
SANGINI SWAPNIL MEHTA (Director)
Director ceased
PRITI MEHUL CHOKSI
26 Dec 2012
Director ceased
ABHISHEK SURESH GUPTA
12 Nov 2012
Charge created
Standard Chartered Bank - 75.00 cr
24 Sep 2011
Director ceased
DHANESH VRAJLAL SHETH
31 Mar 2011
Securities allotted
18000000 Equity Shares Without Differential Rights - 18.00 cr raised
21 Jan 2011
Securities allotted
4950000 Equity Shares Without Differential Rights - 24.75 cr raised
05 Jan 2011
Director appointed
DHANESH VRAJLAL SHETH (Managing Director)
Director ceased
GAURAV MARYA
13 Nov 2009
Director ceased
GOPALAKRISSHNAN NAIIR
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
4 active director(s) / partner(s); review board churn before relying on management continuity.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a dominant controlling stake as per the FY 2015 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Heera Pure Drops U51909TG2010PTC071206 Hyderabad, Telangana, India
Best Foods Retail Private Limited U15400DL2011PTC216744 Delhi, Delhi, India
Redhex It Solutions Private Limited U72300DL2015PTC275137 New Delhi, Delhi, India
Mehadia Sales Trade Corporation Private Limited U51101MH2012PTC232763 Nagpur, Maharashtra, India
Punj Technology Private Limited U29194DL2000PTC107894 New Delhi, Delhi, India
Tejas Abrasive Private Limited U28990MH2005PTC153967 Mumbai, Maharashtra, India
Kerala Medical Services Corporation Limited U24233KL2007SGC021616 Trivandrum, Kerala, India
Vihaan Direct Selling (India) Private Limited U52399KA2011PTC060730 Bangalore, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Gitanjali Gems before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Gitanjali Gems: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 55/100, margin trends, ownership structure and peer set for Gitanjali Gems - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Gitanjali Gems pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Gitanjali Gems - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Gitanjali Gems an active company?

Gitanjali Gems has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Gitanjali Gems financially healthy?

Gitanjali Gems has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Gitanjali Gems?

Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Gitanjali Gems?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Gitanjali Gems have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Gitanjali Gems up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Gitanjali Gems?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.