Avanti Parshav Multiventure Private Limited
About Avanti Parshav Multiventure Private Limited
Data last updated:
Avanti Parshav Multiventure Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 06 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2019PTC324974. Its GSTIN is 27AASCA2500L1ZK (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sourabh Sethi and Sarven Sanjay Bhave.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 15 Floor – Mz 10/21 Flox Chamber Tata Road No.1 Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.66 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Lakh (net margin 0.1%) and EBITDA of ₹1.95 Lakh (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
Company details
Contact details
Avanti Parshav Multiventure Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address15 Floor – Mz 10/21 Flox Chamber Tata Road No.1 Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Avanti Parshav Multiventure Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Avanti Parshav Multiventure is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avanti Parshav Multiventure Private Limited, buy the company report.
Financials of Avanti Parshav Multiventure Private Limited
FY 2024 filings availableAvanti Parshav Multiventure Private Limited reported revenue of ₹15.66 Cr (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over three years, including a 25% fall in the latest year. EBITDA fell 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.22 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Avanti Parshav Multiventure Private Limited, buy the company report.
Board of directors of Avanti Parshav Multiventure Private Limited
Avanti Parshav Multiventure has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourabh Sethi | Director | 06 May 2019 | 7 Years 6 Months | Current |
| Sarven Sanjay Bhave | Director | 06 May 2019 | 7 Years 6 Months | Current |
Peer comparison
Avanti Parshav Multiventure Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chetmani Jewellers Private Limited | ₹15.79 Cr (FY 2019) | -28.0% | Varanasi, Uttar Pradesh, India | |||
| RSP Jewellers Private Limited | ₹15.68 Cr (FY 2024) | 48.0% | Bhubaneswar, Odisha, India | |||
| Avanti Parshav Multiventure Private Limitedthis company | ₹15.66 Cr (FY 2024) | ₹1.22 Lakh | 0.1% | -25.0% | Mumbai, Maharashtra, India | |
| Metlloy Trading Services Private Limited | ₹15.65 Cr (FY 2023) | 91.0% | New Delhi, Delhi, India |
To see the full peer comparison of Avanti Parshav Multiventure Private Limited, buy the company report.
Auditor
Avanti Parshav Multiventure Private Limited is audited by Y J & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y J & CO | FY 2020 | 147767W |
Shareholding
The shareholding of Avanti Parshav Multiventure Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Avanti Parshav Multiventure Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avanti Parshav Multiventure Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avanti Parshav Multiventure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avanti Parshav Multiventure has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCA2500L1ZK | Maharashtra | Active | 27 Jun 2019 |
To see the full GST registrations and return filing status of Avanti Parshav Multiventure Private Limited, buy the company report.
Recent activity
Avanti Parshav Multiventure Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Sarven Sanjay Bhave was appointed as Director on 06 May 2019.
Frequently asked questions
Avanti Parshav Multiventure is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 06 May 2019 (7+ years old) and is registered under CIN U51909MH2019PTC324974.
Avanti Parshav Multiventure has 2 current directors:
- Sourabh Sethi - Director
- Sarven Sanjay Bhave - Director
The latest financial statements of Avanti Parshav Multiventure on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Avanti Parshav Multiventure is 27AASCA2500L1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Avanti Parshav Multiventure is U51909MH2019PTC324974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanti Parshav Multiventure was incorporated on 06 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Avanti Parshav Multiventure by revenue are Chetmani Jewellers Private Limited, RSP Jewellers Private Limited, Metlloy Trading Services Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Sarven Sanjay Bhave was appointed as Director on 06 May 2019. Sourabh Sethi was appointed as Director on 06 May 2019.
The registered office of Avanti Parshav Multiventure is at 15 Floor – Mz 1021 Flox Chamber Tata Road No.1 Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004.
Avanti Parshav Multiventure operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
Avanti Parshav Multiventure can be reached at its registered office: 15 Floor – Mz 1021 Flox Chamber Tata Road No.1 Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
