About Hari Darshan Exports Private Limited
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Hari Darshan Exports Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 15 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36932MH2014PTC254385. Its GSTIN is 27AADCH3780N1Z4 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹14.38 Cr. It is led by directors including Nileshkumar Lavjibhai Lakhani and Riteshbhai Jerambhai Lakhani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,702.9 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹27.38 Cr (net margin 1.6%) and EBITDA of ₹43.57 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 34% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹254.61 Cr and satisfied charges of ₹18.45 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹52.54 Cr; the latest was in March 2023. Its 6 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 2 smaller; the largest is Nakshatra Brands Limited with revenue of ₹1,733.79 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2023, listing 22 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hdegroup.in.
Company details
Contact details
Hari Darshan Exports Private Limited's registered office is in Mumbai, Maharashtra. Its website is hdegroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFc/4070 F – Tower Central Wing 4th Floor Bharat Diamond Bourse Bandra Kurla Complex Ban, Dra – East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Hari Darshan Exports 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 Hari Darshan Exports 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 Hari Darshan Exports Private Limited, buy the company report.
Financials of Hari Darshan Exports Private Limited
FY 2024 filings availableHari Darshan Exports Private Limited reported revenue of ₹1,702.9 Cr (down 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 34%. 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹43.57 Cr | ||||
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| Net Profit (PAT) | ₹27.38 Cr | ||||
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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 | 2.6% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Hari Darshan Exports Private Limited, buy the company report.
Board of directors of Hari Darshan Exports Private Limited
Hari Darshan Exports has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nileshkumar Lavjibhai Lakhani | Director | 15 Mar 2014 | 12 Years 7 Months | Current |
| Riteshbhai Jerambhai Lakhani | Director | 15 Mar 2014 | 12 Years 7 Months | Current |
| Dineshkumar Vashrambhai Dhola | Director | 15 Mar 2014 | 12 Years 7 Months | Current |
| Bhavesh Odhavjibhai Lakhani | Director | 15 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Hari Darshan Exports Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Nakshatra Brands Limited | ₹1,733.79 Cr (FY 2016) | 16.0% | Mumbai, Maharashtra, India | |||
| Diya Gems and Jewellery Private Limited | ₹1,727.7 Cr (FY 2018) | 305.0% | Mumbai, Maharashtra, India | |||
| Payal Gold Private Limited | ₹1,726.18 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| JC Jewellers (Chennai) Private Limited | ₹1,718.67 Cr (FY 2025) | 26.0% | Chennai, Tamil Nadu, India | |||
| Hari Darshan Exports Private Limitedthis company | ₹1,702.9 Cr (FY 2025) | ₹27.38 Cr | 1.6% | -31.0% | 17 | Mumbai, Maharashtra, India |
| Hari Prasad Gopi Krishna Saraf Private Limited | ₹1,674.12 Cr (FY 2025) | 20.0% | Gorakhpur, Uttar Pradesh, India | |||
| Jasani India Private Limited | ₹1,672.6 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hari Darshan Exports Private Limited, buy the company report.
Auditor
Hari Darshan Exports Private Limited is audited by BABULAL DIYORA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BABULAL DIYORA & CO | FY 2023 | 100819W |
Shareholding
The shareholding of Hari Darshan Exports 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 Hari Darshan Exports Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2022 | 100598701 | Yes Bank Limited | ₹30 Cr | Open | |
| 19 Mar 2022 | 100572896 | State Bank of India | ₹11.02 Cr | Open | |
| 10 Jul 2015 | 10581339 | Indusind Bank Ltd. | ₹4.3 Cr | Open | |
| 15 Mar 2014 | 10505793 | State Bank of India | ₹92.5 Cr | Open | |
| 15 Mar 2014 | 10540208 | Others | ₹116.79 Cr | Open |
To see the full charge records of Hari Darshan Exports Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Hari Darshan Exports Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹52.54 Cr; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2015 | Funding round | ₹12.54 Cr | Investors: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Hari Darshan Exports 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
Hari Darshan Exports Private Limited has 5 court cases on record: 3 filed by Hari Darshan Exports, 2 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Asst Commissioner of Income Tax Circle 14 1 1 Mumbai and Ors and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Asst Commissioner of Income Tax Circle 19 1 Mumbai and Ors and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Assistant Commissioner of Income-Tax Circle 14-1-1 and 1 other | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Hari Darshan Exports 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.
Credit ratings & regulatory alerts
Hari Darshan Exports Private Limited was last rated by Icra on 08 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jul 2021 |
To see the full credit ratings and regulatory alerts of Hari Darshan Exports Private Limited, buy the company report.
MSME payment delays
Hari Darshan Exports Private Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 22 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Twara Diam | |||
| Karshev Diamonds Private Limited | |||
| Matushree Impex | |||
| Dimexon Diamonds Limited | |||
| an individual supplier |
To see the full MSME payment records of Hari Darshan Exports Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hari Darshan Exports Private Limited has a workforce of 17 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Hari Darshan Exports has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCH3780N1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCH3780N2Z3 | Maharashtra | Active | 29 Mar 2025 |
| 24AADCH3780N1ZA | Gujarat | Active | 01 Jul 2017 |
| 24AADCH3780N2Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hari Darshan Exports Private Limited, buy the company report.
Recent activity
Hari Darshan Exports Private Limited has 5 board changes on record since 2014: 4 appointments and 1 cessation. The latest: Krishnaben Dineshbhai Kalthiya ceased to be Director on 01 Jul 2016.
13 earlier events are in the company report.
Frequently asked questions
Hari Darshan Exports is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 15 March 2014 (12+ years old) and is registered under CIN U36932MH2014PTC254385.
Hari Darshan Exports has 4 current directors:
- Nileshkumar Lavjibhai Lakhani - Director
- Riteshbhai Jerambhai Lakhani - Director
- Dineshkumar Vashrambhai Dhola - Director
- Bhavesh Odhavjibhai Lakhani - Director
The latest financial statements of Hari Darshan Exports 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 GSTIN of Hari Darshan Exports is 27AADCH3780N1Z4, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AADCH3780N2Z3 (Maharashtra), 24AADCH3780N1ZA (Gujarat), 24AADCH3780N2Z9 (Gujarat).
The CIN (Corporate Identification Number) of Hari Darshan Exports is U36932MH2014PTC254385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hari Darshan Exports has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Hari Darshan Exports was incorporated on 15 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Hari Darshan Exports has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹52.54 Cr; the latest was in March 2023.
The peers of Hari Darshan Exports by revenue are Nakshatra Brands Limited, Diya Gems and Jewellery Private Limited, Payal Gold Private Limited, JC Jewellers (Chennai) Private Limited, Hari Prasad Gopi Krishna Saraf Private Limited and 1 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Krishnaben Dineshbhai Kalthiya ceased to be Director on 01 Jul 2016. Bhavesh Odhavjibhai Lakhani was appointed as Director on 15 Mar 2014. Dineshkumar Vashrambhai Dhola was appointed as Director on 15 Mar 2014. Hari Darshan Exports has 5 board changes on record in total.
Hari Darshan Exports has 6 MSME Form 1 returns on record between 2020 and 2023, listing 22 overdue payments to 11 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Hari Darshan Exports can be reached through the website hdegroup.in. Its registered office is in Mumbai, Maharashtra, India.