About Astmangal Chains Private Limited
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Astmangal Chains Private Limited is a private 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 23 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC094843. Its GSTIN is 24AAPCA0843B1Z4 (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.16 Cr. It is led by directors Mehulkumar Sureshkumar Gandhi and Nitin Sureshkumar Gandhi.
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. F. 205 Ten – 11 N.R. Union Bank C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,183.05 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹7.6 Cr (net margin 0.6%) and EBITDA of ₹16.56 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 49% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹14 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website astmangal.co.in.
Company details
Contact details
Astmangal Chains Private Limited's registered office is in Ahmedabad, Gujarat. Its website is astmangal.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. F. 205 Ten – 11 N.R. Union Bank C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Astmangal Chains Private Limited, buy the company report.
- 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 Astmangal Chains 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 Astmangal Chains Private Limited, buy the company report.
Financials of Astmangal Chains Private Limited
FY 2024 filings availableAstmangal Chains Private Limited reported revenue of ₹1,183.05 Cr (up 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 42% growth in the latest year. EBITDA rose 87% 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 | ₹16.56 Cr | ||||
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| Net Profit (PAT) | ₹7.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Astmangal Chains Private Limited, buy the company report.
Board of directors of Astmangal Chains Private Limited
Astmangal Chains has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehulkumar Sureshkumar Gandhi Also directs: Silvenza Jewellery LLP, Gandhi Devilaben Sureshkumar Jivdaya Runi Foundation, Orani Gold Private Limited and 1 more | Director | 23 Dec 2016 | 9 Years 10 Months | Current |
| Nitin Sureshkumar Gandhi | Director | 16 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Astmangal Chains Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Europea Makeour Jewel Private Limited | ₹1,267.52 Cr (FY 2021) | 126.0% | Mumbai, Maharashtra, India | |||
| JS Jewels Private Limited | ₹1,231.35 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Astmangal Chains Private Limitedthis company | ₹1,183.05 Cr (FY 2025) | ₹7.6 Cr | 0.6% | 42.0% | 5 | Ahmedabad, Gujarat, India |
| Auspicious Ornaments Private Limited | ₹1,175.64 Cr (FY 2025) | 69.0% | Agra, Uttar Pradesh, India | |||
| Ramkrishna Diamond Private Limited | ₹1,165.5 Cr (FY 2025) | -11.0% | Surat, Gujarat, India | |||
| Mahashila Jewellery Private Limited | ₹1,146.21 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Astmangal Chains Private Limited, buy the company report.
Auditor
Astmangal Chains Private Limited is audited by T.D. DHANDHARA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.D. DHANDHARA & CO. | FY 2023 | 126928W |
Shareholding
The shareholding of Astmangal Chains Private 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) | |||||
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| Others |
To see the full shareholding pattern of Astmangal Chains Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2024 | 100961687 | Yes Bank Limited | ₹50 Cr | Open | |
| 26 Jun 2019 | 100275710 | Canara Bank | ₹14 Cr | Satisfied |
To see the full charge records of Astmangal Chains Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Astmangal Chains Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Astmangal Chains Private Limited was last rated by Brickwork on 09 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Nov 2020 |
To see the full credit ratings and regulatory alerts of Astmangal Chains Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Astmangal Chains Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Astmangal Chains Private Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Astmangal Chains has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA0843B1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Astmangal Chains Private Limited, buy the company report.
Recent activity
Astmangal Chains Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Yagneshkumar Gandhi ceased to be Director on 31 Dec 2024.
Frequently asked questions
Astmangal Chains is an active private limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 23 December 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC094843.
Astmangal Chains has 2 current directors:
- Mehulkumar Sureshkumar Gandhi - Director
- Nitin Sureshkumar Gandhi - Director
The latest financial statements of Astmangal Chains 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 FY 2017 are in the company report.
The GSTIN of Astmangal Chains is 24AAPCA0843B1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Astmangal Chains is U74999GJ2016PTC094843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Astmangal Chains was incorporated on 23 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Astmangal Chains by revenue are Europea Makeour Jewel Private Limited, JS Jewels Private Limited, Auspicious Ornaments Private Limited, Ramkrishna Diamond Private Limited, Mahashila Jewellery 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).
Yagneshkumar Gandhi ceased to be Director on 31 Dec 2024. Nitin Sureshkumar Gandhi was appointed as Director on 16 Mar 2017. Mehulkumar Sureshkumar Gandhi was appointed as Director on 23 Dec 2016.
Astmangal Chains can be reached through the website astmangal.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Astmangal Chains is at S. F. 205 Ten – 11 N.R. Union Bank C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
Astmangal Chains operates in the consumer goods industry, in the watches and jewelry manufacturing segment.