Promoter holding
64.27%
NB
Nakshatra Brands Limited - Due diligence report
A 360° intelligence report on Gitanjaligroup: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Nakshatra Brands Limited
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Gitanjaligroup — 360° Intelligence Report
Generated from MCA filings & public records53/100
Trust Score
Moderate
Gitanjaligroup is assessed as Moderate with a Trust Score of 53/100. Gitanjaligroup is a public limited indian non-government company incorporated in 2004, operating in the Consumer Goods sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Nakshatra Brands Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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 ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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.
Get full accessScores 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
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
Charges position: 32 open (2,158.35 cr) · 2 satisfied (60.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Punjab National Bank (& Members Of Punjab National Bank Consortium ) | 1 | 48.0 cr |
| Corporation Bank | 5 | 48.0 cr |
| Icici Bank (& Members Of Icici Bank Consortium - As Per Annexure) | 1 | 48.0 cr |
| Punjab National Bank | 3 | 48.0 cr |
| Idbi Bank Limited | 5 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2016 - filings overdue.
- Flagged by authority: BANKS, NCLT.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANIL UMESH HALDIPUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHANESH VRAJLAL SHETH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESH GOPALDAS BHATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JYOTI BHARAT VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- ANIL UMESH HALDIPUR 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 2016 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Nakshatra World Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Nakshatra World Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 45
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
32 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence31/100
Caution indicated
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 assessment45/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 32 open charge(s) of 2,158.35 cr already registered.
- Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events26 Sep 2020
Director ceased
DHANESH VRAJLAL SHETH
28 Mar 2018
Director ceased
DINESH GOPALDAS BHATIA
04 Sep 2017
Director ceased
ANIL UMESH HALDIPUR
16 Dec 2016
Director appointed
ANIL UMESH HALDIPUR (Director)
07 Dec 2016
Securities allotted
64140 Equity Shares Without Differential Rights - 28.72 cr raised
Securities allotted
1245675 Equity Shares Without Differential Rights - 557.80 cr raised
24 Oct 2016
Charge created
Others - 465.00 cr
28 Sep 2016
Last AGM held
Annual general meeting
23 Jun 2016
Charge created
Idbi Bank Limited - 60.00 cr
16 Apr 2016
Charge created
Idbi Bank Limited - 7.00 cr
31 Mar 2016
Share transfer (FY 2016)
1.00000000 shares to Jignesh
Director ceased
AMRISH SARALAL MASALIA
Latest balance sheet
Filed with ROC
19 Oct 2015
Director ceased
LATA KISHOR SARAIYA
29 Sep 2015
Charge created
Vijaya Bank - 2.35 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2016 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Sanghavi Exports International Private Limited | U36911MH2007PTC170013 | Mumbai, Maharashtra, India |
| Trinetracement | L99999TN1987PLC082730 | Chennai, Tamil Nadu, India |
| Positive Packaging | U74952MH1994FLC078296 | Mumbai, Maharashtra, India |
| Nakshatra | U01100MH1995PLC095425 | Mumbai, Maharashtra, India |
| Firestar Diamond International Private Limited | U51909MH2006PTC164429 | Mumbai, Maharashtra, India |
| Honda Motor India Private Limited | U34102UP2006FTC032370 | Greater Noida, Uttar Pradesh, India |
| Firestar International Limited | U51909MH2004PLC145478 | Mumbai, Maharashtra, India |
| Gitanjali Gems | L36911MH1986PLC040689 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Gitanjaligroup before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Gitanjaligroup: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Gitanjaligroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Gitanjaligroup pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Gitanjaligroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Gitanjaligroup an active company?
Gitanjaligroup has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).
Is Gitanjaligroup financially healthy?
Gitanjaligroup has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Gitanjaligroup?
Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Gitanjaligroup?
The ultimate holding entity is Nakshatra World Limited. 4 active director(s) are on record.
Does Gitanjaligroup have loans or charges against its assets?
32 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Gitanjaligroup up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Gitanjaligroup?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
