Gitanjali Group was one of the largest branded jewellery retailers in the world. It was headquartered in Mumbai, India. Gitanjali used to sell its jewellery through over 4,000 Points of Sale and enjoys a market share of over 50 per cent of the overall organised jewellery market in India. Prominent brands housed by the group included Nakshatra, D'damas, Gili, Asmi, Sangini, Maya, Giantti, World of Solitaire and Shuddhi. It was closed following Punjab National Bank Fraud more commonly known as Nirav Modi Fraud.

Listing

The company was listed on

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

with script code 532715,

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

script name Gitanjali

2018 Investigation

Mehul Choksi Mehul Chinubhai Choksi (born 5 May 1959) is a fugitive Indian-born businessman living in Antigua and Barbuda, who is wanted by the Indian judicial authorities for criminal conspiracy, criminal breach of trust, cheating and dishonesty including ...

, the founder and managing director of ‘Gitanjali Gems’ and the maternal uncle of

Nirav Modi Nirav Deepak Modi (born 27 February 1971) is a Belgian businessman and fugitive who was charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, ...

has come under the radar of various investigating agencies, following the Enforcement Directorate (ED) filing a case against the latter for conducting fraudulent transactions from the

Punjab National Bank Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...

. This case is claimed to be India's biggest bank fraud wiping out 14,000 crore rupees. Mehul Choksi fled India along with his nephew after the F.I.R was filed about the bank scam.

References

{{Gitanjali Group Companies based in Mumbai Jewellery retailers of India Retail companies established in 1966 Indian jewellery designers Conglomerate companies of India 1966 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

Listing

2018 Investigation

See also

References