MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0040936
Davariya Brothers Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹315.76 Cr
▼ 13% YoY
Net profit · FY 2025
₹2.45 Cr
Net margin 0.8%
EBITDA · FY 2025
₹18.48 Cr
EBITDA margin 5.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.68 Cr
Issued & subscribed
Open charges
₹192.42 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
62
Provident fund records
About Davariya Brothers Private Limited
Data last updated:
Davariya Brothers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 03 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2012PTC232887. Its GSTIN is 27AAECD3097K1ZB (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.68 Cr. It is led by directors including Sanjay Arjanbhai Davariya and Arjanbhai Bholabhai Davariya.
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 Dw 6350 Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹315.76 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.45 Cr (net margin 0.8%) and EBITDA of ₹18.48 Cr (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 3% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Davariya Brothers. As per MCA filings, the company has open charges of ₹192.42 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 4 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.52 Cr; the latest was in August 2017. Its 4 peer companies in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 2 smaller; the largest is Shreeyash Jewellers (India) Private Limited with revenue of ₹320.51 Cr.
Davariya Brothers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0040936). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website davariyabrothers.com.
Company details
CIN U74999MH2012PTC232887
Registration Number 232887
Incorporation Date 03 July 2012
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
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0040936
Key People
Sanjay Arjanbhai Davariya Director Arjanbhai Bholabhai Davariya Director Mitesh Chandubhai Davariya Director Recognitions & Rankings of Davariya Brothers
Contact details
Davariya Brothers Private Limited's registered office is in Mumbai, Maharashtra. Its website is davariyabrothers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDw 6350 Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Davariya Brothers Private Limited, buy the company report.
Comprehensive company report
Davariya Brothers 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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Brands
Davariya Brothers operates one associated brand: Davariya Brothers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diamond manufacturing, global distribution, and jewelry services by Davariya Brothers. | davariyabrothers.com |
Business activity
The main business activity of Davariya Brothers 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 Davariya Brothers Private Limited, buy the company report.
Financials of Davariya Brothers Private Limited
FY 2025 filings availableDavariya Brothers Private Limited reported revenue of ₹315.76 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹315.76 Cr ▼ 13%
Net profit · FY 2025
₹2.45 Cr margin 0.8%
EBITDA · FY 2025
₹18.48 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 14%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 6%
5 years · compounded
▲ 4%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 13% fall in the latest year. EBITDA fell 14% 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 | ₹18.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.45 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 5.9% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Davariya Brothers Private Limited, buy the company report.
Board of directors of Davariya Brothers Private Limited
Davariya Brothers has 8 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 |
|---|---|---|---|---|
| Sanjay Arjanbhai Davariya Also directs: DB Diamond Private Limited | Director | 05 Jul 2012 | 14 Years 4 Months | Current |
| Arjanbhai Bholabhai Davariya | Director | 05 Jul 2012 | 14 Years 4 Months | Current |
| Mitesh Chandubhai Davariya Also directs: DB Diamond Private Limited, TMD Exports Private Limited | Director | 03 Jul 2012 | 14 Years 4 Months | Current |
| Shaileshbhai Parbatbhai Davariya | Director | 05 Jul 2012 | 14 Years 4 Months | Current |
| Pritesh Shaileshbhai Davariya Also directs: DB Diamond Private Limited | Director | 05 Jul 2012 | 14 Years 4 Months | Current |
| Manubhai Bholabhai Davariya | Director | 05 Jul 2012 | 14 Years 4 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Davariya Brothers Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), 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 |
|---|---|---|---|---|---|---|
| Shreeyash Jewellers (India) Private Limited | ₹320.51 Cr (FY 2025) | 88.0% | Hyderabad, Telangana, India | |||
| Ashapuri Gold Ornament Limited | ₹317.41 Cr (FY 2025) | 90.0% | Ahmedabad, Gujarat, India | |||
| Davariya Brothers Private Limitedthis company | ₹315.76 Cr (FY 2025) | ₹2.45 Cr | 0.8% | -13.0% | 62 | Mumbai, Maharashtra, India |
| Allwin Jewellers Private Limited | ₹314.57 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| GGC Gujrat Gold Centre Private Limited | ₹312.22 Cr (FY 2025) | -75.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Davariya Brothers Private Limited, buy the company report.
Auditor
Davariya Brothers Private Limited is audited by JHAVERI SHAH SHETH & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHAVERI SHAH SHETH & CO. LLP | FY 2023 | W100233 |
Shareholding
The shareholding of Davariya Brothers 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Davariya Brothers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹192.42 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2022 | 100653041 | Hdfc Bank Limited | ₹35.55 Lakh | Open | |
| 04 Jun 2022 | 100589282 | Others | ₹27.3 Cr | Open | |
| 03 Jul 2012 | 10372298 | Andhra Bank | ₹160.31 Cr | Open | |
| 03 Jul 2012 | 10480825 | Andhra Bank | ₹4.45 Cr | Open |
To see the full charge records of Davariya Brothers Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Davariya Brothers Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.52 Cr; the latest was in August 2017.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹57.52 Cr
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2014 | Funding round | ₹37.52 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
To see the full deal history of Davariya Brothers 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
Davariya Brothers Private Limited has 7 court cases on record: 2 filed by Davariya Brothers, 5 filed against it. 4 cases are pending and 3 are disposed.
Total cases
7
Filed by the company
2
Filed against the company
5
Pending
4
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 5(1)(1) and 3 Ors | Pending |
| District court, SURAT, Gujarat | Court case (CR EN) | Filed against the company by Dr. G. V. Savani, Government Labour Officer and Bonus Payment Inspector, Surat | Disposed |
To see the full case history of Davariya Brothers 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 Davariya Brothers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Davariya Brothers Private Limited has a workforce of 62 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
62
Active EPFO establishments
1
Employee growth
-16.22%
GST
Davariya Brothers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECD3097K1ZB | Maharashtra | Active | 01 Jul 2017 |
| 24AAECD3097K1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Davariya Brothers Private Limited, buy the company report.
Recent activity
Davariya Brothers Private Limited has 9 board changes on record since 2012: 8 appointments and 1 cessation. The latest: Mayank Manubhai Trivedi ceased to be Director on 01 Jun 2017.
AGM
Davariya Brothers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Davariya Brothers 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 amounted to Rs. 0.36 Cr with Charge ID 100653041 was registered on 24 Nov 2022.
Charges
A charge with Others amounted to Rs. 27.30 Cr with Charge ID 100589282 was registered on 04 Jun 2022.
Ceased
Mayank Manubhai Trivedi ceased to be Director.
Charges
A charge with Andhra Bank of Rs. 160.31 Cr registered on 03 Jul 2012 with Charge ID 10372298 was modified on 04 Jul 2015.
Appointed
Chandubhai Parbatbhai Davariya was appointed as Director.
Appointed
Vishal Manubhai Davariya was appointed as Director.
Appointed
Arjanbhai Bholabhai Davariya was appointed as Director.
Appointed
Manubhai Bholabhai Davariya was appointed as Director.
Appointed
Pritesh Shaileshbhai Davariya was appointed as Director.
Appointed
Sanjay Arjanbhai Davariya was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Davariya Brothers is an active private limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 03 July 2012 (14+ years old) and is registered under CIN U74999MH2012PTC232887.
Davariya Brothers has 8 current directors:
- Sanjay Arjanbhai Davariya - Director
- Arjanbhai Bholabhai Davariya - Director
- Mitesh Chandubhai Davariya - Director
- Shaileshbhai Parbatbhai Davariya - Director
- Pritesh Shaileshbhai Davariya - Director
- Manubhai Bholabhai Davariya - Director
- Vishal Manubhai Davariya - Director
- Chandubhai Parbatbhai Davariya - Director
The latest financial statements of Davariya Brothers 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 Davariya Brothers is 27AAECD3097K1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECD3097K1ZH (Gujarat).
The CIN (Corporate Identification Number) of Davariya Brothers is U74999MH2012PTC232887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Davariya Brothers has 7 court cases on record: 2 filed by the company and 5 filed against it. 4 are pending. Most are in the district courts.
Davariya Brothers was incorporated on 03 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Davariya Brothers has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.52 Cr; the latest was in August 2017.
The peers of Davariya Brothers by revenue are Shreeyash Jewellers (India) Private Limited, Ashapuri Gold Ornament Limited, Allwin Jewellers Private Limited, GGC Gujrat Gold Centre Private Limited, all in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Mayank Manubhai Trivedi ceased to be Director on 01 Jun 2017. Chandubhai Parbatbhai Davariya was appointed as Director on 18 Sep 2012. Vishal Manubhai Davariya was appointed as Director on 18 Sep 2012. Davariya Brothers has 9 board changes on record in total.
Yes, Davariya Brothers is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0040936).
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