About Dhwaja Commodity Services Private Limited
Data last updated:
Dhwaja Commodity Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74992MH2006PTC165290. Its GSTIN is 27AACCD4884G1ZH (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors Sunil Jugalkishor Anandpara and Hemal Dinesh Shah.
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 603 Sanjar Enclave Opp. Milap Cinema S.V. Road Kandivali – West, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.97 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹20.28 Cr (net margin 48.3%) and EBITDA of ₹30.12 Cr (EBITDA margin 71.8%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 49% over five years.
As per MCA filings, the company has open charges of ₹3.42 Cr and satisfied charges of ₹85.9 Lakh on record. Court records list 3 cases involving the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhwaja.com.
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- Website
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- Registered Address603 Sanjar Enclave Opp. Milap Cinema S.V. Road Kandivali – West, Mumbai, Maharashtra, India – 400067
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Business Activity of Dhwaja Commodity Services Private Limited
The main business activity of Dhwaja Commodity Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Dhwaja Commodity Services Private Limited FY 2024 filings available
Dhwaja Commodity Services Private Limited reported revenue of ₹41.97 Cr (down 69% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dhwaja Commodity Services Private Limited
Revenue fell 69% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 49%. EBITDA fell 76% 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 of Dhwaja Commodity Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.28 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Dhwaja Commodity Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 48.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Dhwaja Commodity Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Jugalkishor Anandpara Also directs: Tomato Trading LLP, Dhwaja Developers & Consultants LLP, Food Den Hospitality Services LLP and 5 more | Director | 07 Mar 2011 | 15 Years 7 Months | Current |
| Hemal Dinesh Shah Also directs: Dhwaja Developers & Consultants LLP, Krish Automotive Sales and Services Private Limited, Dhwaja Capital Private Limited and 2 more | Director | 30 Oct 2006 | 19 Years 11 Months | Current |
Peer Comparison of Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jivraj Commerce Private Limited | ₹42.21 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Surat, Gujarat, India |
| Gpsar Healthcare Limited | ₹42.16 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ahmedabad, Gujarat, India |
| Lucra Jewels Private Limited | ₹42.11 Cr (FY 2017) | •••• | •••• | -84.0% | •••• | Delhi, India |
| Moneystar Tradelink Private Limited | ₹42.01 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Ahmedabad, Gujarat, India |
| Shreejay Wealth Advisors Private Limited | ₹42 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Ahmedabad, Gujarat, India |
| Dhwaja Commodity Services Private Limited this company | ₹41.97 Cr (FY 2025) | •••• | •••• | -69.0% | •••• | Mumbai, Maharashtra, India |
| India Safety Vaults Private Limited | ₹41.96 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Mumbai, Maharashtra, India |
| Stand One Agro Private Limited | ₹41.76 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Gujarat, India |
| Barret Commodity Traders Private Limited | ₹41.6 Cr (FY 2024) | •••• | •••• | 310.0% | •••• | Hyderabad, Telangana, India |
| Lyon Goods Private Limited | ₹41.47 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Paradise Credits Private Limited | ₹41.46 Cr (FY 2024) | •••• | •••• | 6959.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Dhwaja Commodity Services by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services Private Limited is audited by VIRAL SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIRAL SHAH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Dhwaja Commodity Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Dhwaja Commodity Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2023 | Hdfc Bank Limited | ₹3.42 Cr | Open |
| 04 Mar 2017 | Hdfc Bank Limited | ₹85.9 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services Private Limited has 3 court cases on record: 3 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Company is another party | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (PMLA MA) | Company is another party | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Dhwaja Commodity Services Private Limited
Employment history and EPFO contributions of people linked to Dhwaja Commodity Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Gaurang Dinesh Shah ceased to be Director on 06 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Dhwaja Commodity Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Dhwaja Commodity Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Dhwaja Commodity Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD4884G1ZH | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Dhwaja Commodity Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Dhwaja Commodity Services Private Limited
Dhwaja Commodity Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 30 October 2006 (20+ years old) and is registered under CIN U74992MH2006PTC165290.
Dhwaja Commodity Services reported revenue of ₹41.97 Cr for FY 2025 (down 69% YoY).
Dhwaja Commodity Services has 2 current directors:
- Sunil Jugalkishor Anandpara - Director
- Hemal Dinesh Shah - Director
Dhwaja Commodity Services reported a net profit of ₹20.28 Cr (net margin 48.3%) and EBITDA of ₹30.12 Cr (EBITDA margin 71.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dhwaja Commodity Services is 24% over three years and 49% over five years. In the latest year (FY 2025) revenue fell 69%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dhwaja Commodity Services is 27AACCD4884G1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dhwaja Commodity Services is U74992MH2006PTC165290. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhwaja Commodity Services has 3 court cases on record. 2 are pending. Most are in the district courts.
Dhwaja Commodity Services was incorporated on 30 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Dhwaja Commodity Services by revenue are Jivraj Commerce Private Limited, Gpsar Healthcare Limited, Lucra Jewels Private Limited, Moneystar Tradelink Private Limited, Shreejay Wealth Advisors Private Limited and 5 more, all in the BFSI industry (Broking Services).
Gaurang Dinesh Shah ceased to be Director on 06 Sep 2017. Jayesh Jugalkishor Anandpara ceased to be Director on 07 Oct 2016. Sunil Jugalkishor Anandpara was appointed as Director on 07 Mar 2011. Dhwaja Commodity Services has 4 board changes on record in total.