Elvee Jewels Private Limited

Elvee Jewels Private Limited - consumer goods in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U36910GJ2016PTC094147 Incorporated 19 October 2016 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company consumer goods MSME · Medium
Revenue · FY 2024
₹100.56 Cr
▲ 21% YoY
Net profit · FY 2024
₹1.93 Cr
Net margin 1.9%
EBITDA · FY 2024
₹4.66 Cr
EBITDA margin 4.6%
Authorised capital
₹1.2 Lakh
Registered with MCA
Paid-up capital
₹1.19 Lakh
Issued & subscribed
Open charges
₹31 Cr
Satisfied ₹7.87 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
72
Provident fund records

About Elvee Jewels Private Limited

Data last updated:

Elvee Jewels Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 19 October 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36910GJ2016PTC094147. Its GSTIN is 24AAECE4223C1ZB (Gujarat).

The company has an authorised share capital of ₹1.2 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors including Mayurbhai Bharatbhai Patel and Kalpeshkumar Karshanbhai Vaghasiya.

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 Gem And Jewellery Park, Gujarat.

As per the financials filed for FY 2024, the company reported a revenue of ₹100.56 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.93 Cr (net margin 1.9%) and EBITDA of ₹4.66 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 45% over five years.

The company has about 72 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹7.87 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.

Elvee Jewels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0010647). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elvee.in.

Company details

CIN U36910GJ2016PTC094147
Registration Number 094147
Incorporation Date 19 October 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0010647
Key People
Mayurbhai Bharatbhai Patel Director Kalpeshkumar Karshanbhai Vaghasiya Director Dakshaben Kalpeshbhai Vaghasiya Director

Recognitions & Rankings of Elvee Jewels

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-22-0010647

Contact details

Elvee Jewels Private Limited's registered office is in Surat, Gujarat. Its website is elvee.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    elvee.in
  • Social Media
  • Registered Address
    Plot No M 01 To M 06 Gujarat Hira Bourse, Gem And Jewellery Park Pal Hazira Road Ichchhapore, Surat, Gujarat, India – 394510
  • Industry
    Consumer Goods, Watches & Jewelry Manufacturing

To see the full contact details of Elvee Jewels Private Limited, buy the company report.

Comprehensive company report
Elvee Jewels 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 Elvee Jewels is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Elvee Jewels Private Limited, buy the company report.

Financials of Elvee Jewels Private Limited

FY 2024 filings available

Elvee Jewels Private Limited reported revenue of ₹100.56 Cr (up 21% YoY) for FY 2024.

Revenue · FY 2024
₹100.56 Cr ▲ 21%
Net profit · FY 2024
₹1.93 Cr margin 1.9%
EBITDA · FY 2024
₹4.66 Cr margin 4.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 63%
5 years · compounded
▲ 45%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 54%
5 years · compounded
▲ 40%

Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 21% growth in the latest year. EBITDA rose 38% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹100.56 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.66 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.93 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin4.6%
Net Profit Margin1.9%
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

To see the full financial statements and ratios of Elvee Jewels Private Limited, buy the company report.

Board of directors of Elvee Jewels Private Limited

Elvee Jewels has 4 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Mayurbhai Bharatbhai Patel
Also directs: Elvee Designs LLP, Klara Luxury Private Limited
Director19 Oct 201610 Years 0 MonthsCurrent
Kalpeshkumar Karshanbhai Vaghasiya
Also directs: Elvee Designs LLP, Klara Luxury Private Limited, Surat Jeweltech Foundation
Director19 Oct 201610 Years 0 MonthsCurrent
Dakshaben Kalpeshbhai VaghasiyaDirector19 Oct 201610 Years 0 MonthsCurrent
Manishaben Mayurbhai PatelDirector19 Oct 201610 Years 0 MonthsCurrent
View all directors

Auditor

Elvee Jewels Private Limited is audited by D .V. SHAH AND ASSOCIATES for the financial year 2024.

Auditor firmFinancial yearFirm registration number
D .V. SHAH AND ASSOCIATESFY 20240109551W

Shareholding

The shareholding of Elvee Jewels Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Elvee Jewels Private Limited, buy the company report.

Charges & borrowings

Open charges
₹31 Cr
Satisfied charges
₹7.87 Cr
Breakdown by lending institutions
Yes Bank Limited₹31.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Sep 2018100212378Yes Bank Limited₹31 CrOpen
30 Jul 2021100482746Others₹6.57 CrSatisfied
10 Jan 2017100075802Hdfc Bank Limited₹1.3 CrSatisfied

To see the full charge records of Elvee Jewels Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Elvee Jewels Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 5)

SupplierAmount dueDue sinceReported on
Angel Instrument
3. Star Labels
B V C Logistics Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Elvee Jewels Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Elvee Jewels Private Limited has a workforce of 72 employees on its EPFO records as of Apr 2026, across 1 active EPFO establishment.

Employee count
72
Active EPFO establishments
1
Employee growth
-51.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2772
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Elvee Jewels Private Limited, buy the company report.

GST

Elvee Jewels has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAECE4223C1ZBGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Elvee Jewels Private Limited, buy the company report.

Recent activity

Elvee Jewels Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Dakshaben Kalpeshbhai Vaghasiya was appointed as Director on 19 Oct 2016.

Charges
A charge with Yes Bank Limited of Rs. 3,099.87 Lakh registered on 26 Sep 2018 with Charge ID 100212378 was modified on 11 Oct 2024.
AGM
Elvee Jewels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Elvee Jewels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 30 Jul 2021 via Charge ID 100482746 with Others was fully satisfied on 25 Sep 2023.
Charges
A charge with Others of Rs. 657.00 Lakh registered on 30 Jul 2021 with Charge ID 100482746 was modified on 25 Jul 2022.
Charges
A charge with Others amounted to Rs. 657.00 Lakh with Charge ID 100482746 was registered on 30 Jul 2021.
Charges
A charge registered on 10 Jan 2017 via Charge ID 100075802 with Hdfc Bank Limited was fully satisfied on 06 Nov 2018.
Charges
A charge with Yes Bank Limited amounted to Rs. 3,099.87 Lakh with Charge ID 100212378 was registered on 26 Sep 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 130.00 Lakh with Charge ID 100075802 was registered on 10 Jan 2017.
Appointed
Dakshaben Kalpeshbhai Vaghasiya was appointed as Director.
Appointed
Kalpeshkumar Karshanbhai Vaghasiya was appointed as Director.
Appointed
Manishaben Mayurbhai Patel was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

Elvee Jewels is an active private limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 19 October 2016 (10+ years old) and is registered under CIN U36910GJ2016PTC094147.

Elvee Jewels has 4 current directors:

The latest financial statements of Elvee Jewels 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 FY 2017 are in the company report.

The GSTIN of Elvee Jewels is 24AAECE4223C1ZB, registered in Gujarat.

The CIN (Corporate Identification Number) of Elvee Jewels is U36910GJ2016PTC094147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Elvee Jewels has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.

Elvee Jewels was incorporated on 19 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Dakshaben Kalpeshbhai Vaghasiya was appointed as Director on 19 Oct 2016. Kalpeshkumar Karshanbhai Vaghasiya was appointed as Director on 19 Oct 2016. Manishaben Mayurbhai Patel was appointed as Director on 19 Oct 2016. Elvee Jewels has 4 board changes on record in total.

Yes, Elvee Jewels is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0010647).

Elvee Jewels has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 May 2019.

Elvee Jewels can be reached through the website elvee.in. Its registered office is in Surat, Gujarat, India.