Hurun India Rich List 2026 edition · 1 director
- #1,545 Arvind Pannalal Ranawat & Family ₹1,300 Cr
A.R.Gold Private Limited
A.R.Gold Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company consumer goods
Revenue · FY 2025
₹3,707.45 Cr
▲ 79% YoY
Net profit · FY 2025
₹106.14 Cr
Net margin 2.9%
EBITDA · FY 2025
₹170.75 Cr
EBITDA margin 4.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6.25 Cr
Issued & subscribed
Open charges
₹306.55 Cr
Satisfied ₹27.45 Cr
Company age
22 yrs
Est. 2004
Directors on board
4
As per MCA filings
About A.R.Gold Private Limited
Data last updated:
A.R.Gold Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 08 July 2004 and has been in existence for over 22 years.
Its director Arvind Pannalal Ranawat and Family is #1,545 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH2004PTC147389. Its GSTIN is 27AAECA8465G1ZH (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.25 Cr. It is led by directors including Nikhil Arvind Ranawat and Khushbu Nikhil Ranawat.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,707.45 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹106.14 Cr (net margin 2.9%) and EBITDA of ₹170.75 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹306.55 Cr and satisfied charges of ₹27.45 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 1 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of A.R.Gold Private Limited
CIN U36910MH2004PTC147389
Registration Number 147389
Incorporation Date 08 July 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Nikhil Arvind Ranawat Director Khushbu Nikhil Ranawat Director Arvind Pannalal Ranawat Director Recognitions & Rankings of A.R.Gold
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressGala No.13 To 18 Rajiv Industrial Premises Co – Op Society Ltd Moon Mill Compound T J Road, Sewree W, Mumbai, Maharashtra, India – 400015
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
Comprehensive company report
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Business Activity of A.R.Gold Private Limited
The main business activity of A.R.Gold is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of A.R.Gold Private Limited FY 2025 filings available
A.R.Gold Private Limited reported revenue of ₹3,707.45 Cr (up 79% YoY) for FY 2025.
Revenue · FY 2025
₹3,707.45 Cr ▲ 79%
Net profit · FY 2025
₹106.14 Cr margin 2.9%
EBITDA · FY 2025
₹170.75 Cr margin 4.6%
Compounded Annual Growth Rate (CAGR) of A.R.Gold Private Limited
Revenue CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 75%
5 years · compounded
▲ 37%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 24%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 79% growth in the latest year. EBITDA rose 42% 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 A.R.Gold Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹170.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹106.14 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 of A.R.Gold Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 A.R.Gold are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of A.R.Gold Private Limited
A.R.Gold has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Arvind Ranawat Also directs: Swarn Shilp Chains & Jewellers Private Limited | Director | 22 Aug 2007 | 19 Years 1 Months | Current |
| Khushbu Nikhil Ranawat | Director | 31 Dec 2014 | 11 Years 9 Months | Current |
| Arvind Pannalal Ranawat | Director | 08 Jul 2004 | 22 Years 3 Months | Current |
| Bherulal Bhawarlal Sankhla Also directs: Manas Paints & Chemicals Private Limited | Director | 08 Jun 2007 | 19 Years 4 Months | Current |
Peer Comparison of A.R.Gold Private Limited
A.R.Gold Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aj Refinery Private Limited | ₹4,741.75 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | New Delhi, Delhi, India |
| Caratlane Trading Private Limited | ₹4,229.64 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Chennai, Tamil Nadu, India |
| Chandukaka Saraf and Sons Private Limited | ₹4,194.12 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Baramati, Maharashtra, India |
| Dharmanandan Diamonds Private Limited | ₹4,145.21 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Shreeji Ornaments Private Limited | ₹3,984.12 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Rajkot, Gujarat, India |
| A.R.Gold Private Limited this company | ₹3,707.45 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Mumbai, Maharashtra, India |
| Kishan Lal Jewels Private Limited | ₹3,654.99 Cr (FY 2025) | •••• | •••• | 173.0% | •••• | Delhi, India |
| Abans Jewels Limited | ₹3,582.31 Cr (FY 2025) | •••• | •••• | 166.0% | •••• | Mumbai, Maharashtra, India |
| Sky Gold and Diamonds Limited Listed | ₹3,580.98 Cr (FY 2025) | •••• | •••• | 105.0% | •••• | Navi Mumbai, Maharashtra, India |
| PMJ Gems and Jewellers Private Limited | ₹3,578.28 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
| Auro Metal Refinery Private Limited | ₹3,543.95 Cr (FY 2025) | •••• | •••• | 565.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below A.R.Gold by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 A.R.Gold Private Limited
A.R.Gold Private Limited is audited by Ambavat Jain & Associates Llp for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ambavat Jain & Associates Llp | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of A.R.Gold Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of A.R.Gold Private Limited
Open charges
₹306.55 Cr
Satisfied charges
₹27.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2023 | Others | ₹20 Cr | Open |
| 24 Aug 2017 | Others | ₹150.6 Cr | Open |
| 24 Nov 2014 | Ing Vysya Bank Limited | ₹1.52 Lakh | Open |
| 15 Nov 2014 | Ing Vysya Bank Limited | ₹5.52 Cr | Open |
| 17 May 2014 | Others | ₹100 Cr | Open |
Total charge records: 12 View all charges
Legal Cases of A.R.Gold Private Limited
A.R.Gold Private Limited has 11 court cases on record: 1 filed by A.R.Gold, 1 filed against it, 9 where it is another party. 4 cases are pending and 7 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Total cases
11
Filed by the company
1
Filed against the company
1
Pending
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 4 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Court case (APEAL) | Company is another party | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against an individual | Disposed |
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Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by A.R.Gold Private Limited
A.R.Gold Private Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 10 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S P Cargo Agency Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| B.V.Chinai and Co. (India) Private Limited | •••• | •••• | •••• |
| BVC Brinks Diamond & Jewellery Services LLP | •••• | •••• | •••• |
| Ambe Xpress Logistics Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at A.R.Gold Private Limited
Employment history and EPFO contributions of people linked to A.R.Gold.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on A.R.Gold Private Limited
A.R.Gold Private Limited has 4 board changes on record since 2004: 4 appointments. The latest: Khushbu Nikhil Ranawat was appointed as Director on 31 Dec 2014.
AGM
A.R.Gold Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
A.R.Gold Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 150.60 Cr registered on 24 Aug 2017 with Charge ID 100140787 was modified on 15 Mar 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100719832 was registered on 06 May 2023.
Charges
A charge with Others of Rs. 100.00 Cr registered on 17 May 2014 with Charge ID 10505096 was modified on 09 Dec 2022.
Charges
A charge with Others amounted to Rs. 150.60 Cr with Charge ID 100140787 was registered on 24 Aug 2017.
Appointed
Khushbu Nikhil Ranawat was appointed as Director.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 0.02 Cr with Charge ID 10540070 was registered on 24 Nov 2014.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 5.52 Cr with Charge ID 10540069 was registered on 15 Nov 2014.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 10505096 was registered on 17 May 2014.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 30.00 Cr with Charge ID 10505095 was registered on 06 Mar 2014.
Charges
A charge registered on 29 Dec 2010 via Charge ID 10261398 with Canara Bank was fully satisfied on 17 Sep 2013.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for A.R.Gold Private Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of A.R.Gold Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of A.R.Gold Private Limited
A.R.Gold has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA8465G1ZH | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of A.R.Gold Private Limited
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MCA filings and documents
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Frequently Asked Questions about A.R.Gold Private Limited
A.R.Gold is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 08 July 2004 (22+ years old) and is registered under CIN U36910MH2004PTC147389.
A.R.Gold reported revenue of ₹3,707.45 Cr for FY 2025 (up 79% YoY).
A.R.Gold has 4 current directors:
- Nikhil Arvind Ranawat - Director
- Khushbu Nikhil Ranawat - Director
- Arvind Pannalal Ranawat - Director
- Bherulal Bhawarlal Sankhla - Director
A.R.Gold reported a net profit of ₹106.14 Cr (net margin 2.9%) and EBITDA of ₹170.75 Cr (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of A.R.Gold is 75% over three years and 37% over five years. In the latest year (FY 2025) revenue rose 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of A.R.Gold is 27AAECA8465G1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of A.R.Gold is U36910MH2004PTC147389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
A.R.Gold has 11 court cases on record: 1 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
A.R.Gold was incorporated on 08 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of A.R.Gold by revenue are Aj Refinery Private Limited, Caratlane Trading Private Limited, Chandukaka Saraf and Sons Private Limited, Dharmanandan Diamonds Private Limited, Shreeji Ornaments Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Khushbu Nikhil Ranawat was appointed as Director on 31 Dec 2014. Nikhil Arvind Ranawat was appointed as Director on 22 Aug 2007. Bherulal Bhawarlal Sankhla was appointed as Director on 08 Jun 2007. A.R.Gold has 4 board changes on record in total.
A.R.Gold has 3 MSME Form 1 returns on record between 2019 and 2021, listing 10 overdue payments to 10 micro and small suppliers. The latest return was filed on 13 May 2021.