Aavishkar Impex Private Limited
About Aavishkar Impex Private Limited
Data last updated:
Aavishkar Impex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 28 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36100GJ2004PTC044216. Its GSTIN is 24AAECA7330G1Z1 (Gujarat).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.35 Cr. It was formerly known as Aaryavart Commodities Private Limited. It is led by directors Kamlesh Mandaliya and Rakesh Nareshchandra Kapadia.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹174.66 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.88 Lakh (net margin 0%) and EBITDA of ₹4 Lakh (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 8% over five years.
As per MCA filings, the company has satisfied charges of ₹13.25 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressOffice No. 218 2nd Floor Stadium House Opp. Sardar Patel Swiming Pool Navrang, Pura, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Aavishkar Impex Private Limited
The main business activity of Aavishkar Impex is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aavishkar Impex Private Limited FY 2024 filings available
Aavishkar Impex Private Limited reported revenue of ₹174.66 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aavishkar Impex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 18% fall in the latest year. EBITDA fell 83% 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 of Aavishkar Impex Private Limited
| 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 | ₹4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.88 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 of Aavishkar Impex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aavishkar Impex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aavishkar Impex Private Limited
Aavishkar Impex Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jewel International Private Limited | ₹177.54 Cr (FY 2015) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Tridev Jewellers Private Limited | ₹177.22 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Delhi, India |
| Poongulazhi Jewellers Private Limited | ₹177.04 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Madurai, Tamil Nadu, India |
| Pashupati Commerce Private Limited | ₹175.31 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Lala Kashi Nath Seth Jewellers Private Limited | ₹174.99 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Uttar Pradesh, India |
| Aavishkar Impex Private Limited this company | ₹174.66 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Ahmedabad, Gujarat, India |
| Popley Diamond and Gold Plaza Private Limited | ₹174.12 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Mumbai, Maharashtra, India |
| Janam Corporation Private Limited | ₹173.83 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Harsahaimal Shiamlal Jewellers Lucknow Private Limited | ₹173.25 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bareilly, Uttar Pradesh, India |
| Ajitnath Exports Private Limited | ₹172.04 Cr (FY 2025) | •••• | •••• | 217.0% | •••• | Surat, Gujarat, India |
| Sagarmal & Sons Ventures Private Limited | ₹171.38 Cr (FY 2025) | •••• | •••• | 330.0% | •••• | Patna, Bihar, India |
Peers are the five companies nearest above and the five nearest below Aavishkar Impex by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Aavishkar Impex Private Limited
Aavishkar Impex Private Limited is audited by M/s. KULIN VYAS & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s. KULIN VYAS & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aavishkar Impex Private Limited
Aavishkar Impex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Mandaliya Also directs: Aadinath Ornaments Private Limited | Director | 25 Jul 2016 | 10 Years 2 Months | Current |
| Rakesh Nareshchandra Kapadia | Director | 02 Sep 2024 | 2 Years 1 Months | Current |
Ownership and Shareholding of Aavishkar Impex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aavishkar Impex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2008 | Uco Bank | ₹9.5 Cr | Satisfied |
| 18 Oct 2006 | Vijaya Bank | ₹75 Lakh | Satisfied |
| 18 Oct 2006 | Vijaya Bank | ₹3 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Aavishkar Impex Private Limited
Aavishkar Impex Private Limited has 10 court cases on record: 7 filed by Aavishkar Impex, 3 filed against it. 3 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 2 | 3 |
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against The Handicrafts and Handlooms Exports Corporation of India Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against The Handicrafts and Handlooms Exports Corporation of India Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I)) | Filed by the company against The Handicrafts and Handlooms Exports Corporation of India Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Handicraft and Handlooms Export Corporation of India Ltd | Pending |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Aavishkar Impex Private Limited
Employment history and EPFO contributions of people linked to Aavishkar Impex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Aavishkar Impex Private Limited
Aavishkar Impex has one previous CIN (Corporate Identification Number): U51909GJ2004PTC044216. The current CIN is U36100GJ2004PTC044216, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36100GJ2004PTC044216 | Current |
| U51909GJ2004PTC044216 | Previous |
Recent Activity on Aavishkar Impex Private Limited
Aavishkar Impex Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Rakesh Nareshchandra Kapadia ceased to be Additional Director on 29 Sep 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aavishkar Impex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aavishkar Impex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aavishkar Impex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aavishkar Impex Private Limited
Aavishkar Impex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA7330G1Z1 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aavishkar Impex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aavishkar Impex Private Limited
Aavishkar Impex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 28 May 2004 (22+ years old) and is registered under CIN U36100GJ2004PTC044216.
Aavishkar Impex reported revenue of ₹174.66 Cr for FY 2024 (down 18% YoY).
Aavishkar Impex has 2 current directors:
- Kamlesh Mandaliya - Director
- Rakesh Nareshchandra Kapadia - Director
Aavishkar Impex reported a net profit of ₹2.88 Lakh (net margin 0%) and EBITDA of ₹4 Lakh (EBITDA margin 0%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aavishkar Impex is -27% over three years and -8% over five years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aavishkar Impex is 24AAECA7330G1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Aavishkar Impex is U36100GJ2004PTC044216. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aavishkar Impex has 10 court cases on record: 7 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Aavishkar Impex was incorporated on 28 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Aavishkar Impex by revenue are Jewel International Private Limited, Tridev Jewellers Private Limited, Poongulazhi Jewellers Private Limited, Pashupati Commerce Private Limited, Lala Kashi Nath Seth Jewellers Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Rakesh Nareshchandra Kapadia ceased to be Additional Director on 29 Sep 2024. Gunvantlal Jamnadas Mandalia ceased to be Director on 16 Sep 2024. Rakesh Nareshchandra Kapadia was appointed as Director on 02 Sep 2024. Aavishkar Impex has 7 board changes on record in total.