About Dhaval Commercial Limited
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Dhaval Commercial Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 16 November 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1984PLC034573.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.84 Lakh. It is led by directors including Vaibhav Devilal Jaiswal and Nirmaladevi Devilal Jaiswal.
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 Nagpur, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.47 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹8.62 Lakh (net margin 3.5%) and EBITDA of ₹2.46 Cr (EBITDA margin 99.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hardeogroup.com.
Company details
Contact details
Dhaval Commercial Limited's registered office is in Nagpur, Maharashtra. Its website is hardeogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressF. No. B – 103 Kanchan Sarita App, Plot No. 16 Ramdaspeth, Nagpur, Maharashtra, India – 440010
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Dhaval Commercial 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 Dhaval Commercial is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Dhaval Commercial Limited, buy the company report.
Financials of Dhaval Commercial Limited
FY 2024 filings availableDhaval Commercial Limited reported revenue of ₹2.47 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 18% 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 | ₹2.46 Cr | ||||
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| Net Profit (PAT) | ₹8.62 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 99.8% | ||||
| Net Profit Margin | 3.5% | ||||
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To see the full financial statements and ratios of Dhaval Commercial Limited, buy the company report.
Board of directors of Dhaval Commercial Limited
Dhaval Commercial has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Devilal Jaiswal Also directs: Konkan Agro Marine Industries Private Limited, Omnirise Infrastructures Private Limited, Jaiswal Distilleries Pvt Ltd and 5 more | Director | 30 Dec 2024 | 1 Years 10 Months | Current |
| Nirmaladevi Devilal Jaiswal | Director | 10 Feb 1989 | 37 Years 8 Months | Current |
| Vishal Devilal Jaiswal Also directs: Silver Mountain Liquid LLP, Konkan Agro Marine Industries Private Limited, Omnirise Infrastructures Private Limited and 5 more | Director | 10 Feb 1989 | 37 Years 8 Months | Current |
Auditor
Dhaval Commercial Limited is audited by DEWANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEWANI & CO | FY 2023 | 102432W |
Shareholding
The shareholding of Dhaval Commercial 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 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhaval Commercial Limited, buy the company report.
Legal cases
No court or tribunal cases involving Dhaval Commercial Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhaval Commercial Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Dhaval Commercial Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Dhaval Commercial Limited has 4 board changes on record since 1989: 3 appointments and 1 cessation. The latest: Vaibhav Devilal Jaiswal was appointed as Director on 30 Dec 2024.
Frequently asked questions
Dhaval Commercial is an active public limited company based in Nagpur, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 16 November 1984 (42+ years old) and is registered under CIN U51900MH1984PLC034573.
Dhaval Commercial has 3 current directors:
- Vaibhav Devilal Jaiswal - Director
- Nirmaladevi Devilal Jaiswal - Director
- Vishal Devilal Jaiswal - Director
The latest financial statements of Dhaval Commercial 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 CIN (Corporate Identification Number) of Dhaval Commercial is U51900MH1984PLC034573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhaval Commercial was incorporated on 16 November 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Vaibhav Devilal Jaiswal was appointed as Director on 30 Dec 2024. Devilal Hardeolal Jaiswal ceased to be Director on 20 Nov 2024. Nirmaladevi Devilal Jaiswal was appointed as Director on 10 Feb 1989. Dhaval Commercial has 4 board changes on record in total.
Dhaval Commercial can be reached through the website hardeogroup.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Dhaval Commercial is at F. No. B – 103 Kanchan Sarita App, Plot No. 16 Ramdaspeth, Nagpur, Maharashtra, India – 440010.
Dhaval Commercial operates in the financial services industry, in the nbfc segment.
The compliance status of Dhaval Commercial is compliant as of 25 September 2026. The company is actively filing with the Registrar of Companies.
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