MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0059804
Ankit Gold Limited
Ankit Gold Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹47.79 Cr
▲ 94% YoY
Net profit · FY 2024
₹1.21 Cr
Net margin 2.5%
EBITDA · FY 2024
₹2.63 Cr
EBITDA margin 5.5%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹2.7 Cr
Issued & subscribed
Open charges
₹12.6 Cr
Satisfied ₹7.72 Cr
Company age
35 yrs
Est. 1991
Directors on board
4
As per MCA filings
About Ankit Gold Limited
Data last updated:
Ankit Gold Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 02 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36910GJ1991PLC015567. Its GSTIN is 24AACCR2284G1ZJ (Gujarat).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹2.7 Cr. It is led by directors including Dharmendra Jayantibhai Lathigara (Managing Director) and Jayantibhai Ramjibhai Lathigara.
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 1997 G/F Dahi Ni Khadki Madan Gopal Ni Haveli Road, Ahmedabad, Gujarat, India – 380001.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.79 Cr, a growth of 94% compared to the previous year. For the same year it recorded a net profit of ₹1.21 Cr (net margin 2.5%) and EBITDA of ₹2.63 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹12.6 Cr and satisfied charges of ₹7.72 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Ankit Gold Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0059804). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36910GJ1991PLC015567
Registration Number 015567
Incorporation Date 02 May 1991
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0059804
Key People
Dharmendra Jayantibhai Lathigara Managing Director Jayantibhai Ramjibhai Lathigara Director Ankit Dharmendra Lathigara Director Recognitions & Rankings of Ankit Gold
Contact details
Ankit Gold Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1997 G/F Dahi Ni Khadki Madan Gopal Ni Haveli Road, Ahmedabad, Gujarat, India – 380001
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ankit Gold Limited, buy the company report.
Comprehensive company report
Ankit Gold Limited - one report that includes everything
- 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
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Business activity
The main business activity of Ankit Gold is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Ankit Gold Limited, buy the company report.
Financials of Ankit Gold Limited
FY 2024 filings availableAnkit Gold Limited reported revenue of ₹47.79 Cr (up 94% YoY) for FY 2024.
Revenue · FY 2024
₹47.79 Cr ▲ 94%
Net profit · FY 2024
₹1.21 Cr margin 2.5%
EBITDA · FY 2024
₹2.63 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 94%
3 years · compounded
▲ 22%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 49%
5 years · compounded
▲ 53%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 94% growth in the latest year. EBITDA rose 29% 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 | ₹2.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.21 Cr | ||||
| 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 | 5.5% | ||||
| Net Profit Margin | 2.5% | ||||
| 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 Ankit Gold Limited, buy the company report.
Board of directors of Ankit Gold Limited
Ankit Gold has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantibhai Ramjibhai Lathigara | Director | 27 Mar 2015 | 11 Years 7 Months | Current |
| Dharmendra Jayantibhai Lathigara | Managing Director | 18 Jan 1993 | 33 Years 9 Months | Current |
| Ankit Dharmendra Lathigara | Director | 27 Mar 2015 | 11 Years 7 Months | Current |
| Shrikant Dharmendra Lathigara Also directs: Kinnova Jewels Private Limited | Director | 24 Aug 2009 | 17 Years 2 Months | Current |
Peer comparison
Ankit Gold Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Forever Precious Jewellery and Diamonds Limited | ₹48.57 Cr (FY 2017) | -65.0% | Ahmedabad, Gujarat, India | |||
| Punamiya & Sons Jewellers Private Limited | ₹48.16 Cr (FY 2024) | -14.0% | Mumbai, Maharashtra, India | |||
| Ankit Gold Limitedthis company | ₹47.79 Cr (FY 2024) | ₹1.21 Cr | 2.5% | 94.0% | Ahmedabad, Gujarat, India | |
| Euro Diamonds Private Limited | ₹47.4 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ankit Gold Limited, buy the company report.
Auditor
Ankit Gold Limited is audited by PATEL JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL JAIN & ASSOCIATES | FY 2023 | 129797W |
Shareholding
The shareholding of Ankit Gold Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ankit Gold Limited, buy the company report.
Charges & borrowings
Open charges
₹12.6 Cr
Satisfied charges
₹7.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2023 | 100767404 | Others | ₹12 Cr | Open | |
| 06 Jul 2023 | 100767403 | Others | ₹60 Lakh | Open | |
| 24 Jun 2021 | 100458660 | Others | ₹4.94 Cr | Satisfied | |
| 27 Mar 2017 | 100088478 | Yes Bank Limited | ₹44.09 Lakh | Satisfied | |
| 30 May 2014 | 10505066 | Axis Bank Limited | ₹2.04 Cr | Satisfied |
To see the full charge records of Ankit Gold Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ankit Gold Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax-1 , Ahmedabad | Pending |
| High Court of Gujarat | Appeal | Filed against the company by The Principal Commissioner of Income Tax-1 , Ahmedabad | Disposed |
To see the full case history of Ankit Gold Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ankit Gold Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ankit Gold has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCR2284G1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ankit Gold Limited, buy the company report.
Recent activity
Ankit Gold Limited has 18 board changes on record since 1993: 11 appointments and 7 cessations. The latest: Bhavna Basantbhai Shah ceased to be Director on 10 Nov 2025.
Ceased
Bhavna Basantbhai Shah ceased to be Director.
Ceased
Mayuri Bipinbhai Rupareliya ceased to be Director.
Ceased
Hinil Patel ceased to be Company Secretary.
AGM
Ankit Gold Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 12.00 Cr registered on 06 Jul 2023 with Charge ID 100767404 was modified on 23 Sep 2024.
Appointed
Mayuri Bipinbhai Rupareliya was appointed as Director.
Ceased
Priyanka K Gola ceased to be Director.
Filing
Ankit Gold Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Daxaben Dharmendrabhai Lathigara ceased to be Director.
Charges
A charge registered on 24 Jun 2021 via Charge ID 100458660 with Others was fully satisfied on 06 Nov 2023.
Appointed
Bhavna Basantbhai Shah was appointed as Director.
Appointed
Priyanka K Gola was appointed as Director.
21 earlier events are in the company report.
Frequently asked questions
Ankit Gold is an active public limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 02 May 1991 (35+ years old) and is registered under CIN U36910GJ1991PLC015567.
Ankit Gold has 4 current directors:
- Dharmendra Jayantibhai Lathigara - Managing Director
- Jayantibhai Ramjibhai Lathigara - Director
- Ankit Dharmendra Lathigara - Director
- Shrikant Dharmendra Lathigara - Director
The latest financial statements of Ankit Gold 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 2015 are in the company report.
The GSTIN of Ankit Gold is 24AACCR2284G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Ankit Gold is U36910GJ1991PLC015567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ankit Gold has 2 court cases on record: 2 filed against it. 1 is pending.
Ankit Gold was incorporated on 02 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ankit Gold by revenue are Forever Precious Jewellery and Diamonds Limited, Punamiya & Sons Jewellers Private Limited, Euro Diamonds Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Bhavna Basantbhai Shah ceased to be Director on 10 Nov 2025. Mayuri Bipinbhai Rupareliya ceased to be Director on 10 Nov 2025. Hinil Patel ceased to be Company Secretary on 04 Nov 2025. Ankit Gold has 18 board changes on record in total.
Yes, Ankit Gold is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0059804).
The registered office of Ankit Gold is at 1997 GF Dahi Ni Khadki Madan Gopal Ni Haveli Road, Ahmedabad, Gujarat, India – 380001.
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