MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0043486
Azure Jouel Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹151.61 Cr
▼ 5% YoY
Net loss · FY 2025
₹53.69 Cr
Net margin -35.4%
EBITDA · FY 2025
₹65.15 Cr
EBITDA margin 43%
Authorised capital
₹330 Cr
Registered with MCA
Paid-up capital
₹326.62 Cr
Issued & subscribed
Open charges
₹60 Cr
Satisfied ₹15 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
31
Provident fund records
About Azure Jouel Private Limited
Data last updated:
Azure Jouel 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 26 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2007PTC170349. Its GSTIN is 27AAGCA3745B1Z0 (Maharashtra).
The company has an authorised share capital of ₹330 Cr and a paid-up capital of ₹326.62 Cr. It is led by directors including Sushil Agarwal and Anil Chirania.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. Gj – 8 1st Floor Sdf – VII Phase – II Seepz – SEZ Andheri (East), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹151.61 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹53.69 Cr (net margin -35.4%) and EBITDA of ₹65.15 Cr (EBITDA margin 43%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 22% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹15 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹187.21 Cr; the latest was in March 2024. Its 3 peer companies 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) are compared by revenue, 3 larger; the largest is R.R. Agarwal Jewellers Private Limited with revenue of ₹154.57 Cr.
Azure Jouel Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0043486). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website azurejouel.com.
Company details
CIN U36911MH2007PTC170349
Registration Number 170349
Incorporation Date 26 April 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0043486
Recognitions & Rankings of Azure Jouel
Contact details
Azure Jouel Private Limited's registered office is in Mumbai, Maharashtra. Its website is azurejouel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. Gj – 8 1st Floor Sdf – VII Phase – II Seepz – SEZ Andheri (East), Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Azure Jouel Private Limited, buy the company report.
Comprehensive company report
Azure Jouel Private 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 Azure Jouel 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 Azure Jouel Private Limited, buy the company report.
Financials of Azure Jouel Private Limited
FY 2025 filings availableAzure Jouel Private Limited reported revenue of ₹151.61 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹151.61 Cr ▼ 5%
Net loss · FY 2025
₹53.69 Cr margin -35.4%
EBITDA · FY 2025
₹65.15 Cr margin 43%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 4%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 20%
5 years · compounded
▲ 38%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 20% 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 | ₹65.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.69 Cr | ||||
| 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 | 43% | ||||
| Net Profit Margin | -35.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Azure Jouel Private Limited, buy the company report.
Board of directors of Azure Jouel Private Limited
Azure Jouel has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Agarwal | Director | 08 Apr 2008 | 18 Years 6 Months | Current |
| Anil Chirania Also directs: Applause Entertainment Private Limited, Chaturbhuj Enterprises LLP, Abg Sports Academy LLP and 5 more | Director | 25 Feb 2015 | 11 Years 8 Months | Current |
| Nipun Mahendra Kothari | Director | 26 Apr 2007 | 19 Years 6 Months | Current |
Peer comparison
Azure Jouel Private 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 |
|---|---|---|---|---|---|---|
| R.R. Agarwal Jewellers Private Limited | ₹154.57 Cr (FY 2025) | 18.0% | Kolkata, West Bengal, India | |||
| Jadav Jewellers Private Limited | ₹152.93 Cr (FY 2025) | 40.0% | Chennai, Tamil Nadu, India | |||
| Derewala Jewellery Manufacturing Company Private Limited | ₹151.86 Cr (FY 2025) | 21.0% | Jaipur, Rajasthan, India | |||
| Azure Jouel Private Limitedthis company | ₹151.61 Cr (FY 2025) | -₹53.69 Cr | -35.4% | -5.0% | 31 | Mumbai, Maharashtra, India |
To see the full peer comparison of Azure Jouel Private Limited, buy the company report.
Auditor
Azure Jouel Private Limited is audited by Singhi & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Company | FY 2023 | 302049E |
Shareholding
The shareholding of Azure Jouel 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azure Jouel Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2014 | 10534997 | Australia and New Zealand Banking Group Limited | ₹25 Cr | Open | |
| 07 Oct 2011 | 10314862 | Hdfc Bank Limited | ₹35 Cr | Open | |
| 02 Apr 2013 | 10424152 | The Royal Bank of Scotland N.V | ₹10 Cr | Satisfied | |
| 09 Jan 2013 | 10399426 | The Royal Bank of Scotland N. V. | ₹5 Cr | Satisfied |
To see the full charge records of Azure Jouel Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Azure Jouel Private Limited has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹187.21 Cr; the latest was in March 2024.
Total deals
7
Rights issues
3
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹187.21 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Birla Group Holdings Private Limited , Birla Family Investments Private Limited Seller: Turquoise Investments and Finance Private Limited , Trapti Trading & Investments Private Limited , Aditya Birla Power Company Limited |
| Nov 2017 | Rights issue | ₹25.74 Cr | Investors: Trapti Trading & Investments Private Limited , TGS Investment & Trade Private Limited , Umang Commercial Co Private Limited |
| Aug 2017 | Rights issue | ₹80 Cr | Investors: Trapti Trading & Investments Private Limited , Turquoise Investments and Finance Private Limited , Igh Holdings Private Limited |
| Mar 2017 | Rights issue | ₹16.2 Cr | Investors: TGS Investment & Trade Private Limited , Umang Commercial Co Private Limited |
| Mar 2010 | Funding round | ₹9.99 Cr | Investors: Umang Commercial Co Private Limited , Igh Holdings Private Limited , TGS Investment & Trade Private Limited |
To see the full deal history of Azure Jouel Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Azure Jouel Private Limited has 1 court case on record: 1 filed by Azure Jouel. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Notice cases) | Filed by the company against an individual | Disposed |
To see the full case history of Azure Jouel 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 Azure Jouel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Azure Jouel Private Limited has a workforce of 31 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
6.9%
GST
Azure Jouel has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA3745B1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Jouel Private Limited, buy the company report.
Recent activity
Azure Jouel Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Suresh Dad Chandra ceased to be Company Secretary on 10 Jul 2020.
AGM
Azure Jouel Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Azure Jouel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 35.00 Cr registered on 07 Oct 2011 with Charge ID 10314862 was modified on 10 Jan 2022.
Ceased
Suresh Dad Chandra ceased to be Company Secretary.
Ceased
Anil Chirania ceased to be Additional Director.
Charges
A charge registered on 02 Apr 2013 via Charge ID 10424152 with The Royal Bank Of Scotland N.V was fully satisfied on 04 Aug 2015.
Charges
A charge with Australia And New Zealand Banking Group Limited of Rs. 25.00 Cr registered on 11 Nov 2014 with Charge ID 10534997 was modified on 23 Jun 2015.
Appointed
Anil Chirania was appointed as Director.
Ceased
Prashant Gupta ceased to be Director.
Charges
A charge with Australia And New Zealand Banking Group Limited amounted to Rs. 25.00 Cr with Charge ID 10534997 was registered on 11 Nov 2014.
Ceased
Ashish Dwivedi ceased to be Director.
Charges
A charge with The Royal Bank Of Scotland N.V of Rs. 10.00 Cr registered on 02 Apr 2013 with Charge ID 10424152 was modified on 16 Nov 2013.
8 earlier events are in the company report.
Frequently asked questions
Azure Jouel 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 26 April 2007 (19+ years old) and is registered under CIN U36911MH2007PTC170349.
Azure Jouel has 3 current directors:
- Sushil Agarwal - Director
- Anil Chirania - Director
- Nipun Mahendra Kothari - Director
The latest financial statements of Azure Jouel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Azure Jouel is 27AAGCA3745B1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Azure Jouel is U36911MH2007PTC170349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Jouel has 1 court case on record: 1 filed by the company.
Azure Jouel was incorporated on 26 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Azure Jouel has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹187.21 Cr; the latest was in March 2024.
The peers of Azure Jouel by revenue are R.R. Agarwal Jewellers Private Limited, Jadav Jewellers Private Limited, Derewala Jewellery Manufacturing Company 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).
Suresh Dad Chandra ceased to be Company Secretary on 10 Jul 2020. Anil Chirania ceased to be Additional Director on 30 Sep 2015. Anil Chirania was appointed as Director on 25 Feb 2015. Azure Jouel has 8 board changes on record in total.
Yes, Azure Jouel is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0043486).
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