Avika Sarees Private Limited
About Avika Sarees Private Limited
Data last updated:
Avika Sarees Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 22 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2005PTC077007. Its GSTIN is 24AACCV0541N1ZC (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.44 Cr. It was formerly known as Valentine Goods Private Limited. It is led by directors including Gaurav Chandraprakash Jain and Chandraprakash Dalchand Jain.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.39 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹12.66 Lakh (net margin 0.6%) and EBITDA of ₹66.38 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹5.14 Cr and satisfied charges of ₹2 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Avika Sarees has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17120GJ2005PTC077007, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120GJ2005PTC077007 | Current |
| U51109GJ2005PTC077007 | Previous |
| U51109WB2005PTC102415 | Previous |
Contact details
Avika Sarees Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS.Y. No. – 2026 2nd Floor Shop – G/2004 New T.T. Market Sahra Darwaja Ring Roa, D, Surat, Gujarat, India – 395002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Avika Sarees 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 Avika Sarees is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avika Sarees Private Limited, buy the company report.
Financials of Avika Sarees Private Limited
FY 2025 filings availableAvika Sarees Private Limited reported revenue of ₹21.39 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 18% growth in the latest year. EBITDA fell 5% 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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| Total Expenses | |||||
| EBITDA | ₹66.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.66 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Avika Sarees Private Limited, buy the company report.
Board of directors of Avika Sarees Private Limited
Avika Sarees has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Chandraprakash Jain | Director | 12 Mar 2014 | 12 Years 7 Months | Current |
| Chandraprakash Dalchand Jain | Director | 12 Mar 2015 | 11 Years 7 Months | Current |
| Shital Gaurav Jain | Director | 12 Mar 2015 | 11 Years 7 Months | Current |
| Pushpaben Chandraprakash Jain | Director | 12 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Avika Sarees Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Footwear Retail and Distribution, Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mangaljyoti Syndicate Private Limited | ₹21.49 Cr (FY 2024) | 7239.0% | Kolkata, West Bengal, India | |||
| Tater Creation Private Limited | ₹21.43 Cr (FY 2025) | 27.0% | Rajsamand, Rajasthan, India | |||
| Avika Sarees Private Limitedthis company | ₹21.39 Cr (FY 2025) | ₹12.66 Lakh | 0.6% | 18.0% | Surat, Gujarat, India | |
| Aum Tradewell Private Limited | ₹21.34 Cr (FY 2024) | 288.0% | Mumbai, Maharashtra, India | |||
| Eml Suppliers Private Limited | ₹21.34 Cr (FY 2025) | 32.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Avika Sarees Private Limited, buy the company report.
Auditor
Avika Sarees Private Limited is audited by SANJAY MAHESHWARI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY MAHESHWARI & ASSOCIATES | FY 2021 | 113289W |
Shareholding
The shareholding of Avika Sarees Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avika Sarees Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2016 | 10625909 | Others | ₹5.14 Cr | Open | |
| 28 May 2014 | 10501984 | Standard Chartered Bank | ₹2 Cr | Satisfied |
To see the full charge records of Avika Sarees Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Avika Sarees Private Limited has 5 court cases on record: 4 filed by Avika Sarees, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Chandrasekhar Taninki Prop of Hanuman Textiles | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, East Godavari, Andhra Pradesh | Court case (IP) | Filed against the company by individuals | Disposed |
To see the full case history of Avika Sarees Private 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 Avika Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avika Sarees has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV0541N1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avika Sarees Private Limited, buy the company report.
Recent activity
Avika Sarees Private Limited has 11 board changes on record since 2007: 4 appointments and 7 cessations. The latest: Shantilal Dalchand Jain ceased to be Director on 20 Mar 2015.
6 earlier events are in the company report.
Frequently asked questions
Avika Sarees is an active private limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 22 March 2005 (21+ years old) and is registered under CIN U17120GJ2005PTC077007.
Avika Sarees has 4 current directors:
- Gaurav Chandraprakash Jain - Director
- Chandraprakash Dalchand Jain - Director
- Shital Gaurav Jain - Director
- Pushpaben Chandraprakash Jain - Director
The latest financial statements of Avika Sarees on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avika Sarees is 24AACCV0541N1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Avika Sarees is U17120GJ2005PTC077007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avika Sarees has 5 court cases on record: 4 filed by the company and 1 filed against it.
Avika Sarees was incorporated on 22 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Avika Sarees by revenue are Mangaljyoti Syndicate Private Limited, Tater Creation Private Limited, Aum Tradewell Private Limited, Eml Suppliers Private Limited, all in the Consumer Products industry (Footwear Retail and Distribution, Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Shantilal Dalchand Jain ceased to be Director on 20 Mar 2015. Chandraprakash Dalchand Jain was appointed as Director on 12 Mar 2015. Pushpaben Chandraprakash Jain was appointed as Director on 12 Mar 2015. Avika Sarees has 11 board changes on record in total.
The registered office of Avika Sarees is at S.Y. No. – 2026 2nd Floor Shop – G2004 New T.T. Market Sahra Darwaja Ring Roa, D, Surat, Gujarat, India – 395002.
Avika Sarees operates in the home and lifestyle industry, in the textile retail and distribution segment.
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