MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UP-28-0052519
Art Karat International Ltd - consumer goods in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.62 Cr
▼ 17% YoY
Net profit · FY 2024
₹78.99 Lakh
Net margin 3.8%
EBITDA · FY 2024
₹3.1 Cr
EBITDA margin 15%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹71.22 Cr
Satisfied ₹7.5 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
7
Provident fund records
About Art Karat International Ltd
Data last updated:
Art Karat International Ltd is a public limited company based in New Delhi, Delhi, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 10 November 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1983PLC016923. Its GSTIN is 33AABCA0298E1Z4 (Tamil Nadu). The company holds 101 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Kamaimpex Pvt Ltd. It is led by directors including Shivani Modi and Saket Modi.
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 S – 48 Panchsheel Park, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.62 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹78.99 Lakh (net margin 3.8%) and EBITDA of ₹3.1 Cr (EBITDA margin 15%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 2% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹71.22 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 14 cases involving the company, including 6 filed by the company and 8 filed against it; 5 cases are pending.
Art Karat International Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0052519). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website artkarat.com.
Company details
CIN U51909DL1983PLC016923
Registration Number 016923
Incorporation Date 10 November 1983
ROC Delhi
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-28-0052519
Recognitions & Rankings of Art Karat International
Contact details
Art Karat International Ltd's registered office is in New Delhi, Delhi. Its website is artkarat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS – 48 Panchsheel Park, New Delhi, Delhi, India – 110017
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Art Karat International Ltd, buy the company report.
Comprehensive company report
Art Karat International Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Art Karat International 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 Art Karat International Ltd, buy the company report.
Financials of Art Karat International Ltd
FY 2024 filings availableArt Karat International Ltd reported revenue of ₹20.62 Cr (down 17% YoY) for FY 2024.
Revenue · FY 2024
₹20.62 Cr ▼ 17%
Net profit · FY 2024
₹78.99 Lakh margin 3.8%
EBITDA · FY 2024
₹3.1 Cr margin 15%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 57%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 53%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 17% fall in the latest year. EBITDA fell 7% 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 | ₹3.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.99 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 | 15% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 Art Karat International Ltd, buy the company report.
Board of directors of Art Karat International Ltd
Art Karat International has 3 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 |
|---|---|---|---|---|
| Shivani Modi | Director | 31 May 2005 | 21 Years 5 Months | Current |
| Saket Modi Also directs: Modigold Ornaments Private Limited, Art Karat Creations Pvt Ltd | Director | 15 Mar 2014 | 12 Years 8 Months | Current |
| Asha Modi Also directs: Modigold Ornaments Private Limited, Asha Kamal Creations Private Limited, Art Karat Creations Pvt Ltd and 1 more | Director | 10 Nov 1983 | 43 Years 0 Months | Current |
Peer comparison
Art Karat International Ltd 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 |
|---|---|---|---|---|---|---|
| Art Karat International Ltdthis company | ₹20.62 Cr (FY 2024) | ₹78.99 Lakh | 3.8% | -17.0% | 7 | New Delhi, Delhi, India |
| SMD Business Private Limited | ₹20.59 Cr (FY 2022) | 88.0% | Delhi, India | |||
| Vijisan Jewels Private Limited | ₹20.53 Cr (FY 2022) | 73.0% | Mumbai, Maharashtra, India | |||
| A V Jewel Palace Private Limited | ₹20.51 Cr (FY 2024) | 156.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Art Karat International Ltd, buy the company report.
Auditor
Art Karat International Ltd is audited by Ajay Wadhwa & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ajay Wadhwa & Associates | FY 2023 | 007075N |
Shareholding
The shareholding of Art Karat International Ltd 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 Art Karat International Ltd, buy the company report.
Charges & borrowings
Open charges
₹71.22 Cr
Satisfied charges
₹7.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2024 | 100962859 | Hdfc Bank Limited | ₹40.74 Lakh | Open | |
| 16 Jul 2024 | 100951163 | Axis Bank Limited | ₹48.75 Lakh | Open | |
| 05 Jan 2021 | 100400162 | Others | ₹3 Cr | Open | |
| 23 Jun 2020 | 100345699 | Hdfc Bank Limited | ₹1.3 Cr | Open | |
| 12 Mar 2018 | 100172898 | Others | ₹2 Cr | Open |
To see the full charge records of Art Karat International Ltd, buy the company report.
Total charge records: 20 View all charges
Legal cases
Art Karat International Ltd has 14 court cases on record: 6 filed by Art Karat International, 8 filed against it. 5 cases are pending and 9 are disposed.
Total cases
14
Filed by the company
6
Filed against the company
8
Pending
5
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 2 |
| High courts | 7 | 2 | 3 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Aramex India Private Limited | Pending |
| District court, Jaipur Metro II, Rajasthan | Execution petition | Filed against the company by an individual | Pending |
| High Court of Rajasthan | Court case (CFA) | Filed against the company by an individual | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against an individual | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Art Karat International Ltd, 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
Art Karat International Ltd has 4 MSME Form 1 returns on record between 2022 and 2024, listing 107 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JCM Security Service | |||
| an individual supplier | |||
| Xplanck Marketing Private Limited | |||
| Aramex India Private Limited |
To see the full MSME payment records of Art Karat International Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Art Karat International Ltd has a workforce of 7 employees on its EPFO records as of Apr 2026, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 7 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Art Karat International Ltd, buy the company report.
GST
Art Karat International has 101 GST registrations: 3 active and 98 cancelled or inactive.
Total GSTINs
101
Active
3
Cancelled / inactive
98
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCA0298E1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 09AABCA0298E1ZV | Uttar Pradesh | Active | 01 Nov 2018 |
| 06AABCA0298EFZN | Haryana | Active | 29 May 2025 |
To see the full GST registrations and return filing status of Art Karat International Ltd, buy the company report.
Recent activity
Art Karat International Ltd has 4 board changes on record since 1983: 3 appointments and 1 cessation. The latest: Kamal Kumar Modi ceased to be Director on 03 Jan 2025.
Ceased
Kamal Kumar Modi ceased to be Director.
AGM
Art Karat International Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.41 Cr with Charge ID 100962859 was registered on 14 Aug 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.49 Cr with Charge ID 100951163 was registered on 16 Jul 2024.
Filing
Art Karat International Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100400162 was registered on 05 Jan 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100345699 was registered on 23 Jun 2020.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100172898 was registered on 12 Mar 2018.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100097498 was registered on 28 Apr 2017.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100097261 was registered on 28 Mar 2017.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100097263 was registered on 28 Mar 2017.
Charges
A charge with Others amounted to Rs. 7.15 Cr with Charge ID 100058247 was registered on 01 Sep 2016.
19 earlier events are in the company report.
Frequently asked questions
Art Karat International is an active public limited company based in New Delhi, Delhi, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 10 November 1983 (43+ years old) and is registered under CIN U51909DL1983PLC016923.
Art Karat International has 3 current directors:
- Shivani Modi - Director
- Saket Modi - Director
- Asha Modi - Director
The latest financial statements of Art Karat International 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 Art Karat International is 33AABCA0298E1Z4, registered in Tamil Nadu. The company has 101 GST registrations in all, of which 3 are active and 98 are cancelled or inactive. Other active GSTINs include 09AABCA0298E1ZV (Uttar Pradesh), 06AABCA0298EFZN (Haryana).
The CIN (Corporate Identification Number) of Art Karat International is U51909DL1983PLC016923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Art Karat International has 14 court cases on record: 6 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Art Karat International was incorporated on 10 November 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Art Karat International by revenue are SMD Business Private Limited, Vijisan Jewels Private Limited, A V Jewel Palace 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).
Kamal Kumar Modi ceased to be Director on 03 Jan 2025. Saket Modi was appointed as Director on 15 Mar 2014. Shivani Modi was appointed as Director on 31 May 2005. Art Karat International has 4 board changes on record in total.
Yes, Art Karat International is registered as a small enterprise under Udyam registration (number: UDYAM-UP-28-0052519).
Art Karat International has 4 MSME Form 1 returns on record between 2022 and 2024, listing 107 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Art Karat International can be reached through the website artkarat.com. Its registered office is in New Delhi, Delhi, India.
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