H B Shah Private Limited
About H B Shah Private Limited
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H B Shah Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 03 February 1947 and has been in existence for over 79 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36100MH1947PTC005536. Its GSTIN is 27AAACH2626Q1ZA (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.8 Lakh. It was formerly known as H B Shah Limited. It is led by directors including Asim Shirish Shah and Sherman Asim Shah.
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 Bw – 4220 4th Floor Bharat Diamond Bourse Bw – 4220 BKC Road Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹94.1 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.97 Lakh (net margin 2.1%) and EBITDA of ₹12.98 Lakh (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 156% over three years and 70% over five years.
As per MCA filings, the company has open charges of ₹7.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
H B Shah Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressBw – 4220 4th Floor Bharat Diamond Bourse Bw – 4220 BKC Road Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of H B Shah Private 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 H B Shah is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of H B Shah Private Limited, buy the company report.
Financials of H B Shah Private Limited
FY 2025 filings availableH B Shah Private Limited reported revenue of ₹94.1 Lakh (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 19% growth in the latest year. EBITDA fell 36% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹12.98 Lakh | ||||
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| Net Profit (PAT) | ₹1.97 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of H B Shah Private Limited, buy the company report.
Board of directors of H B Shah Private Limited
H B Shah has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asim Shirish Shah Also directs: H B Technologies LLP | Director | 01 May 1985 | 41 Years 6 Months | Current |
| Sherman Asim Shah | Director | 27 Jan 2022 | 4 Years 9 Months | Current |
| Amisha Shirish Shah Also directs: H B Technologies LLP | Director | 01 Dec 2014 | 11 Years 11 Months | Current |
Peer comparison
H B Shah Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mayees Boutique Private Limited | ₹95.11 Lakh (FY 2022) | 33.0% | Hyderabad, Telangana, India | |||
| Sovereign Jewellery Private Limited | ₹94.25 Lakh (FY 2025) | -37.0% | Mumbai, Maharashtra, India | |||
| H B Shah Private Limitedthis company | ₹94.1 Lakh (FY 2024) | ₹1.97 Lakh | 2.1% | 19.0% | Mumbai, Maharashtra, India | |
| Aurik Diamond Private Limited | ₹93.33 Lakh (FY 2025) | -6.0% | Karol Bagh New, Delhi, India | |||
| Omkari Fashions Private Limited | ₹92.89 Lakh (FY 2023) | 37.0% | Hyderabad, Telangana, India | |||
| Bhavarlal Trilokchandji and Sons Private Limited | ₹92.45 Lakh (FY 2025) | -27.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of H B Shah Private Limited, buy the company report.
Auditor
H B Shah Private Limited is audited by JAYANTILAL THAKKAR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYANTILAL THAKKAR & CO | FY 2018 | 104133W |
Shareholding
The shareholding of H B Shah Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of H B Shah Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 1981 | 90161589 | Bank of Baroda | ₹7.5 Lakh | Open |
To see the full charge records of H B Shah Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving H B Shah Private 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 H B Shah Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
H B Shah has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2626Q1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of H B Shah Private Limited, buy the company report.
Recent activity
H B Shah Private Limited has 7 board changes on record since 1985: 3 appointments and 4 cessations. The latest: Sherman Asim Shah ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
H B Shah is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 03 February 1947 (79+ years old) and is registered under CIN U36100MH1947PTC005536.
H B Shah has 3 current directors:
- Asim Shirish Shah - Director
- Sherman Asim Shah - Director
- Amisha Shirish Shah - Director
The latest financial statements of H B Shah 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 H B Shah is 27AAACH2626Q1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of H B Shah is U36100MH1947PTC005536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
H B Shah was incorporated on 03 February 1947, making it 79+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of H B Shah by revenue are Mayees Boutique Private Limited, Sovereign Jewellery Private Limited, Aurik Diamond Private Limited, Omkari Fashions Private Limited, Bhavarlal Trilokchandji and Sons Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Sherman Asim Shah ceased to be Additional Director on 30 Sep 2022. Sherman Asim Shah was appointed as Director on 27 Jan 2022. Nayana Shirish Shah ceased to be Director on 05 Jan 2022. H B Shah has 7 board changes on record in total.
The registered office of H B Shah is at Bw – 4220 4th Floor Bharat Diamond Bourse Bw – 4220 BKC Road Bandra East, Mumbai, Maharashtra, India – 400051.
H B Shah operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
H B Shah has open charges of ₹7.5 Lakh and no satisfied charges on record as per latest MCA filings.
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