Wealth Mine Networks Limited
About Wealth Mine Networks Limited
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Wealth Mine Networks Limited is a public limited company based in Jamnagar, Gujarat, India, a subsidiary of Devhari Exports (India) Limited. It operates in the investment banking and advisory segment of the financial services sector. It was incorporated on 04 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93000GJ1995PLC025328. Its GSTIN is 24AAFCS2006J2ZN (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.26 Cr. It was formerly known as Shamaru Construction Private Limited. It is led by directors including Jay Trivedi (Managing Director) and Gaurav Vasudev Bachani.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 215 B Manek Centre P N Marg, Jamnagar, Gujarat, India – 361001.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.83 Cr (net margin 24.1%) and EBITDA of ₹5.41 Cr (EBITDA margin 34.1%). Revenue has grown at a compounded annual rate (CAGR) of 253% over three years and 97% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Wealth Mine Networks has undergone 2 name changes throughout its history. The company was previously known as Shamaru Construction Private Limited, and Wealth Mine Networks Limited. The current legal name is Wealth Mine Networks Limited.
| Company Name | Status |
|---|---|
| Wealth Mine Networks Limited | Current |
| Shamaru Construction Private Limited | Previous |
CIN history
Wealth Mine Networks has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93000GJ1995PLC025328, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000GJ1995PLC025328 | Current |
| U93000GJ1995PTC025328 | Previous |
| U45201GJ1995PTC025328 | Previous |
Contact details
Wealth Mine Networks Limited's registered office is in Jamnagar, Gujarat.
- Registered Address215 B Manek Centre P N Marg, Jamnagar, Gujarat, India – 361001
- IndustryFinancial Services, Investment Banking & Advisory
- 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 Wealth Mine Networks is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Wealth Mine Networks Limited, buy the company report.
Financials of Wealth Mine Networks Limited
FY 2024 filings availableWealth Mine Networks Limited reported revenue of ₹15.89 Cr (up 579% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 97% over five years, including 579% growth in the latest year. EBITDA rose 357% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.41 Cr | ||||
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| Net Profit (PAT) | ₹3.83 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.1% | ||||
| Net Profit Margin | 24.1% | ||||
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To see the full financial statements and ratios of Wealth Mine Networks Limited, buy the company report.
Board of directors and KMP of Wealth Mine Networks Limited
Wealth Mine Networks Limited currently reports 7 directors and 1 key managerial person. 20 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Vasudev Bachani Also directs: Ridhiman Capital Advisory Private Limited | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Simoli Kalpesh Raval Also directs: Vandan Foods Limited, Starlite Components Limited, Shyamkamal Investments Limited and 3 more | Director | 17 Sep 2025 | 1 Years 1 Months | Current |
| Shabnam Khureshi | Cfo | 01 Apr 2023 | 3 Years 7 Months | Current |
| Jay Trivedi | Managing Director | 24 Dec 2022 | 3 Years 10 Months | Current |
| Shashank Pravinchandra Doshi Also directs: Voltrix Ventures LLP | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Karanj Dharmeshbhai Doshi Also directs: Integrated Proteins Limited, Ridhira Advisors Private Limited | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
Legal cases
No court or tribunal cases involving Wealth Mine Networks 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 Wealth Mine Networks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wealth Mine Networks has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCS2006J2ZN | Gujarat | Active | 04 Aug 2023 |
| 27AAFCS2006J1ZI | Maharashtra | Active | 11 Jun 2024 |
To see the full GST registrations and return filing status of Wealth Mine Networks Limited, buy the company report.
Recent activity
Wealth Mine Networks Limited has 28 board changes on record since 2012: 8 appointments and 20 cessations. The latest: Kishan Shantilal Kanjaria was appointed as Director on 17 Sep 2025.
19 earlier events are in the company report.
Frequently asked questions
Wealth Mine Networks is an active public limited company based in Jamnagar, Gujarat, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 04 April 1995 (31+ years old) and is registered under CIN U93000GJ1995PLC025328.
Wealth Mine Networks has 8 current directors and KMP:
- Jay Trivedi - Managing Director
- Gaurav Vasudev Bachani - Director
- Simoli Kalpesh Raval - Director
- Shashank Pravinchandra Doshi - Director
- Karanj Dharmeshbhai Doshi - Director
- Kishan Shantilal Kanjaria - Director
- Nirav Rajendrakumar Karia - Director
- Shabnam Khureshi - Cfo
The latest financial statements of Wealth Mine Networks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Wealth Mine Networks is 24AAFCS2006J2ZN, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAFCS2006J1ZI (Maharashtra).
The CIN (Corporate Identification Number) of Wealth Mine Networks is U93000GJ1995PLC025328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wealth Mine Networks was incorporated on 04 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kishan Shantilal Kanjaria was appointed as Director on 17 Sep 2025. Nirav Rajendrakumar Karia was appointed as Director on 17 Sep 2025. Simoli Kalpesh Raval was appointed as Director on 17 Sep 2025. Wealth Mine Networks has 28 board changes on record in total.
The registered office of Wealth Mine Networks is at 215 B Manek Centre P N Marg, Jamnagar, Gujarat, India – 361001.
Wealth Mine Networks operates in the financial services industry, in the investment banking and advisory segment.
The compliance status of Wealth Mine Networks is compliant as of 08 July 2026. The company is actively filing with the Registrar of Companies.
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