GINI & JONY LIMITED

Public Limited Indian Non-Government CompanyUnlistedACTIVE compliantCIN: U18101MH1994PLC082837

INDICATIVE PRICE₹ —Last allotment: 29 Sept 2023

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UA Score65/100

CIN

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CIN

Incorp. Date11 Nov 1994

Paid-up Capital₹22.55 Cr

Open Charges₹61.60 Cr

Last AGM29 Sept 2023

PAN

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PAN

Company Summary

GINI & JONY LIMITED is a Public Limited Indian Non-Government Company, incorporated on November 11, 1994, in Maharashtra. The company operates within the consumer products industry, with a core focus …

Consumer ProductsManufacturingFootwear ManufacturersLifestyle and Accessories Manufacturers

Incorporation11 Nov 1994

Age32+ years

PANAAACG1295N

StatusUnlisted

LocationMumbai, Maharashtra

IndustryConsumer Products

🎙️ Company Audio Brief

1-Minute Company Overview

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💡 Quick Investor Summary

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What They Do

GINI & JONY LIMITED is a Public Limited Indian Non-Government Company, incorporated on November 11, 1994, in Maharashtra. The company operates within ...

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Financial Health

Reporting Between 50 and 250 cr. in revenue. Currently operating at a between 1 and 5 cr..

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Positive Aspects

Maintains active compliance with regulators.

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Key Risk

Payment delays in EPF (true). Significant registered debt charges open.

Key Highlights

ℹRevenue: Between 50 and 250 cr.

✓Profit: Between 1 and 5 cr.

⚠Bureau defaults on record

⚠Pending legal cases filed

⚠GST filing delay: true

⚠EPF payment delay: true

ℹEmployees: Upto 100

Management Team

PRAKASH HARICHAND LAKHANI

Managing DirectorDIN: 00021761Since 01 Oct 2023

JAIKISHAN HARICHAND LAKHANI

Whole-time directorDIN: 00021684Since 01 Oct 2023

MANOJ MOHAN SAVANT

Additional DirectorDIN: 09262364Since 04 Apr 2024

Show 30 past directors

SUNIL BADRIPRASAD GOYAL

DirectorDIN: 00503570Ceased 04 May 2018

RAHUL MEHTA NARENDRA

DirectorDIN: 00165521Ceased 04 Apr 2024

AMITABH . TANEJA

DirectorDIN: 00031257Ceased 25 Oct 2011

DEVANSHU PRAVIN DESAI

Additional DirectorDIN: 00493980Ceased 22 Dec 2014

AJAY KUMAR GUPTA

DirectorDIN: 00532308Ceased 27 Jun 2010

SURESH KESHAVDEO BHAGERIA

DirectorDIN: 00540285Ceased 01 Feb 2020

ANIL HARICHAND LAKHANI

DirectorDIN: 00026145Ceased 20 Jun 2023

AJAY AGRAWAL KUMAR

DirectorDIN: 00278298Ceased 31 Dec 2008

RAMANATHAN SRIRAM

DirectorDIN: 00065069Ceased 30 Sept 2009

RAKESH NIRANJANLAL BHAGERIA

DirectorDIN: 00540609Ceased 01 Feb 2020

VIKAS KUMAR GHUWALEWALA

DirectorDIN: 07089052Ceased 31 Mar 2023

ATUL CHUNILAL BHEDA

DirectorDIN: 03502424Ceased 29 Mar 2018

SIDDHARTH SHASHIKANTBHAI SHAH

DirectorDIN: 07761401Ceased 14 Nov 2019

RAJESH KUMAR MEHRA

DirectorDIN: 00026176Ceased 25 Feb 2010

RAJESH MADANMOHAN CHATURVEDI

DirectorDIN: 02020044Ceased 14 Nov 2008

PRADEEP KUMAR SARKAR

DirectorDIN: 01082282Ceased 25 Jun 2009

DINESH KUMAR JAIN

Nominee DirectorDIN: 05184618Ceased 14 May 2013

VINOD JOSHI

Nominee DirectorDIN: 06614421Ceased 21 Mar 2016

GAURAV BRAHMDEV THAKUR

Company SecretaryCeased 30 Aug 2008

RITESH KUMAR DINESH KUMAR JAIN

Company SecretaryCeased 01 Sept 2007

DARSHITA SHAH

Company SecretaryCeased 15 Apr 2024

PREM RANJAN

CEOCeased 16 Jan 2024

ABHISHEK PAWAN KUMAR DHOOT

Company SecretaryCeased 15 Jan 2018

MANISH KOTHARI

CFO(KMP)Ceased 12 Aug 2019

VIJAY AMRUTBHAI PATEL

Company SecretaryCeased 02 Jul 2020

ADITYA SANJAY JOSHI

Company SecretaryCeased 10 Jul 2019

ARVIND RAJENDRA BAJPAI

Company SecretaryCeased 18 Apr 2008

DEEPAK MUKHIJA

Company SecretaryCeased 15 Nov 2006

NEHA RAMESH BORKAR

Company SecretaryCeased 20 Dec 2018

PRASHANT PRAFUL SHAH

CFO(KMP)Ceased 15 Feb 2017

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No DRHP FiledNo IPO filing on record with SEBI

GINI & JONY LIMITED has no IPO filing on record, indicating it is not currently pursuing a public listing.

IPO Readiness Score

4/10MEDIUM TERM

The company shows potential in a growing market but significant red flags regarding compliance and defaults need to be addressed before considering an IPO.

📑 DRHP Summary

GINI & JONY LIMITED is an established Indian children's apparel and accessories manufacturer with a long operating history since 1994. The company focuses on design, production, retail, and sale of kids' wear, footwear, and accessories, operating primarily in Maharashtra.

🚀 Key Highlights

The company has a long-standing presence in the Indian children's wear market since 1994.
It operates a vertically integrated or partially integrated business model from manufacturing to sales.
The company reported a positive PAT of ₹4.47 Cr with a net margin of 5.6% in FY23.

⚠️ Watch Points

The company has reported bureau defaults and pending cases, indicating potential operational or financial challenges.
There are reported delays in GST and EPF payments, suggesting compliance issues.
The company's employee count is relatively low (Upto 100) for a manufacturing and retail operation of its scale.

For Education purpose only · Not investment advice

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IPO Tracker

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Total Employees

Upto 100

CSR Expenditure

Not Specified

Profit & Loss Statement

Line Item	FY 2023
Net Revenue	₹79.43 Cr
Total Operating Cost	₹21.97 Cr
Operating Profit / (Loss)	₹3.02 Cr
Other Income	₹1.85 Cr
Depreciation	₹1.25 Cr
Profit Before Tax	₹4.47 Cr
Income Tax	—
Profit After Tax (PAT)	₹4.47 Cr

Balance Sheet

Line Item	FY 2023
ASSETS
Non-Current Investments	₹47.48 L
Net Fixed Assets	₹12.32 Cr
Total Non-Current Assets	₹49.52 Cr
Cash & Bank Balances	₹21.56 L
Trade Receivables	₹37.57 Cr
Total Current Assets	₹70.94 Cr
Total Assets	₹132.77 Cr
LIABILITIES & EQUITY
Share Capital	₹22.11 Cr
Reserves & Surplus	₹14.60 Cr
Total Equity	₹36.71 Cr
Long-Term Borrowings	₹21.25 Cr
Deferred Tax (Net)	—
Total Non-Current Liabilities	₹29.18 Cr
Short-Term Borrowings	₹9.59 L
Trade Payables	₹36.06 Cr
Total Current Liabilities	₹66.88 Cr
Total Debt	₹21.35 Cr

Cash Flow Statement

Line Item	FY 2023
Operating Cash Flow	-₹18.70 Cr
Investing Cash Flow	₹1.05 Cr
Financing Cash Flow	₹17.74 Cr
Net Change in Cash	₹9.39 L
Closing Cash Balance	₹21.56 L

Line Item	FY 2022	FY 2021	FY 2020	FY 2019
Net Revenue	₹70.81 Cr	₹29.61 Cr	₹149.76 Cr	₹199.74 Cr
Total Operating Cost	₹18.58 Cr	₹20.69 Cr	₹47.61 Cr	₹52.95 Cr
Operating Profit / (Loss)	₹4.56 Cr	-₹25.34 Cr	₹3.45 Cr	₹9.92 Cr
Other Income	₹70.04 L	₹5.23 L	₹37.14 L	₹25.73 L
Depreciation	₹2.17 Cr	₹14.52 Cr	₹3.87 Cr	₹15.74 Cr
Profit Before Tax	-₹1.85 Cr	-₹36.86 Cr	-₹49.08 Cr	-₹11.07 Cr
Income Tax	—	—	—	—
Profit After Tax (PAT)	-₹1.85 Cr	-₹36.86 Cr	-₹49.08 Cr	-₹11.07 Cr

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5-Year Financial History

Insufficient data to compute Enterprise Value to EBITDA. CMP or reliable EBITDA metrics missing.

OCF vs PAT Ratio

Revenue & Profit Trend

Key Ratios

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Key Ratios Chart

Debt & Equity

Cash Flow Breakdown

Key Ratios Table

Ratio	FY 2023
Return on Equity	12.17x
Return on Capital Employed	6.24x
Current Ratio	1.06x
Quick Ratio	0.70x
Debt / Equity	0.58x
Interest Coverage	1.04x
Net Margin	5.63%
EBITDA Margin	3.81%
Revenue Growth	12.17%

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Key Ratios Table

IPO Readiness Scorecard

60/ 100

Compliance Status0/25

Inactive/Warn

Financial Scale25/25

> ₹10Cr Revenue

Legal & Defaults10/25

Flags Detected

Governance & Cap25/25

Stable

Compliance Dashboard

Bureau Defaults

✗ Reported

Legal Cases (Pending)

✗ Cases Pending

GST Filing Status

✗ Delays Observed

EPF Payment Status

✗ Delays Observed

MCA Compliance

✓ INACTIVE

MSME Payment Delays

✗ None Detected

Insolvency / BIFR History

✗ History Exists

Auditor Stability (YoY)

✗ Auditor Changed

Related Party Transactions

Loans to/from Related Entities

Extracted from AOC-4 disclosures. Currently within normal safe limits.

Remuneration vs Profits

Management remuneration ratio stable against net profit bounds.

Credit Ratings

✓ Credit rating assigned. Details gated.

Legal Case Timeline

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Governance & Compliance

Shareholding Summary (2023)

Total Equity Shares2,21,12,107

Promoter Holders15

Preference Shares0

Public / Other Holders49

Shareholding Pattern

100%

Equity

Promoter51%

Public / Others49%

Major Shareholders (>5%)

🏢

AKASHDEEP INTERNATIONAL PRIVATE LIMITED

Company

50,95,018

% Holding

23.04%

👤

Prakash Lakhani

Individual

24,88,040

% Holding

11.25%

🏢

ANMOL INSURANCE CONSULTANTS PRIVATE LIMITED

Company

19,00,000

% Holding

8.59%

🏢

REFORM TRADING COMPANY PRIVATE LIMITED

Company

18,27,639

% Holding

8.27%

🔗

RAJENDRA MADANLAL GUPTA HUF

Other

16,66,667

% Holding

7.54%

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JYOTI P LAKHANI

Individual

15,80,120

% Holding

7.15%

🏢

BHAGWAN ENTERPRISE TEXTILES PVT LTD

Company

14,13,462

% Holding

6.39%

Category-wise Shareholding Breakdown

Shareholder Type	Category	Indian Held (Shares)	Body Corporate (Shares)	Total Shares	% Holding
PROMOTER	equity	73,58,687	0	73,58,687	33.28%
PROMOTER	preference	0	0	0	0%
PUBLIC	equity	30,33,946	1,17,19,474	1,47,53,420	66.72%
PUBLIC	preference	0	0	0	0%

Corporate Group Structure

Holding Companies

No holding companies mapped.

Subsidiaries

No subsidiaries mapped.

Charges & Liens Detail

Tax & Employee Registrations

GST: Information Gated

EPFO: Information Gated

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Cap Table & Shareholding

Industry: Consumer Products — Footwear Manufacturers

Sample Size: 30 peers (2023 data)

Target Company Ratios vs Industry Median

Parameter	Company Value	Industry Median	Status
Revenue (₹ Cr)	79.43	78.41	▲
Revenue Growth (%)	12.17	19.73	▼
EBITDA Margin (%)	3.81	5.27	▼
Net Margin (%)	5.63	1.91	▲
Return on Equity (%)	12.17	14.63	▼
Debt / Equity	0.58	0.69	▲
Inventory / Sales (Days)	111.39	53.41	▼
Debtors / Sales (Days)	172.64	88.96	▼
Payables / Sales (Days)	165.73	63.28	▲
Cash Conversion Cycle (Days)	118.30	89.24	▼
Sales / Net Fixed Assets	6.45	7.41	▼

Closest Peers by Revenue

Company Name	CIN	City	Revenue (₹)
ARCOT SOLES PRIVATE LIMITED	U19112TN2005PTC055152	CHENNAI	79,83,28,303
FOOTTECH POLYMERS (INDIA) PRIVATE LIMITED	U19200KA2009PTC050301	MYSORE	79,65,83,000
GINI & JONY LIMITED	U18101MH1994PLC082837	Mumbai	79,42,77,000
SRIJATI SHOES PRIVATE LIMITED	U19115UP2011PTC045362	AGRA	78,57,12,921.58
NEXO FOOTWEAR PRIVATE LIMITED	U19200KL2012PTC030437	KOZHIKODE	78,50,51,969

Latest Filings

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AOC-4 (Annual Financials)

FY 2023-24 | Filed on: 13 Feb 2025

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MGT-7 (Annual Return)

FY 2022-23 | Filed on: 20 Feb 2024

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Last AGM Date

30 Sep 2024

SWOT Analysis

+ Strengths

Long-standing presence and established brand in the children's wear and accessories segment since 1994.
Vertically integrated or partially integrated business model covering design, production, retail, and sales.
Healthy Net Margin of 5.6% and Return on Equity (ROE) of 12.2%.
Low Debt-to-Equity (D/E) Ratio of 0.58, indicating prudent financial leverage.

− Weaknesses

Small operational scale with Revenue between 50 and 250 Cr and Profit between 1 and 5 Cr.
Low employee count (Upto 100) which might limit scalability and operational capacity.
Presence of Bureau Defaults, indicating past credit payment issues.
Pending Cases, suggesting ongoing legal or regulatory challenges.
GST Delay and EPF Delay, indicating potential issues with compliance and operational efficiency.

💡 Opportunities

Expansion of retail network (company-owned, franchised, and online) to reach a wider consumer base across India.
Diversification of product range within children's consumer products beyond apparel, accessories, and footwear.
Leveraging brand legacy to capture a larger share of the growing Indian children's fashion market.

⚠️ Threats

Intense competition from established and emerging players in the children's wear and accessories segment.
Reputational damage and financial penalties due to Bureau Defaults, Pending Cases, GST Delay, and EPF Delay.
Economic downturns impacting consumer spending on discretionary items like children's fashion.
Operational risks associated with managing a vertically integrated model at a relatively small scale.

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Documents & Filings

GINI & JONY LIMITED

Company Summary

🎙️ Company Audio Brief

💡 Quick Investor Summary

Key Highlights

Management Team

IPO Tracker

Financial Statements

Profit & Loss Statement

Balance Sheet

Cash Flow Statement

Charts & Ratios

OCF vs PAT Ratio

Revenue & Profit Trend

Key Ratios

Debt & Equity

Cash Flow Breakdown

Key Ratios Table

Governance & Compliance

Capitalization Table

Peer Comparison

Target Company Ratios vs Industry Median

Closest Peers by Revenue

Latest News

Recent News

Google News

Suditi Industries to raise ₹58.9 crore to scale Gini &amp; Jony retail push - ET Retail

India's Suditi Industries to raise Rs 58.87 crore to expand Gini &amp; Jony - FashionNetwork - The World's Fashion Business News

Gini &amp; Jony Collaborates with Unicommerce to Expand Online Reach - SMEStreet

Gini &amp; Jony partners with Unicommerce to scale its digital biz - Business Standard

Gini &amp; Jony Strengthens Digital Presence Across India - Indian Retailer

Documents & Filings

Suditi Industries to raise ₹58.9 crore to scale Gini & Jony retail push - ET Retail

India's Suditi Industries to raise Rs 58.87 crore to expand Gini & Jony - FashionNetwork - The World's Fashion Business News

Gini & Jony Collaborates with Unicommerce to Expand Online Reach - SMEStreet

Gini & Jony partners with Unicommerce to scale its digital biz - Business Standard

Gini & Jony Strengthens Digital Presence Across India - Indian Retailer