India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#377- Valuation
- ₹14,480 Cr
2023 #384 2022 #406 2021 #338
Revenue · FY 2025
₹7,740.85 Cr
▼ 2% YoY
Net profit · FY 2025
₹238.5 Cr
Net margin 3.1%
EBITDA · FY 2025
₹512.74 Cr
EBITDA margin 6.6%
Authorised capital
₹160 Cr
Registered with MCA
Paid-up capital
₹13.09 Cr
Issued & subscribed
Open charges
₹4,263.33 Cr
Satisfied ₹1,380.05 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
4
Provident fund records
About Hari Krishna Exports Private Limited
Data last updated:
Hari Krishna 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 16 February 2012 and has been in existence for over 14 years.
Its director Savji Dholakia is #1,320 among India's richest people (2026). Its director Ghanshyambhai Dholakia is #1,427 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2012PTC227014. Its GSTIN is 27AACCH8430N1Z8 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹13.09 Cr. It is led by directors including Ghanshyambhai Dhanjibhai Dholakia (Managing Director) and Hasmukhbhai Thakarshibhai Dholakiya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, 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 ₹7,740.85 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹238.5 Cr (net margin 3.1%) and EBITDA of ₹512.74 Cr (EBITDA margin 6.6%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Hari Krishna. As per MCA filings, the company has open charges of ₹4,263.33 Cr and satisfied charges of ₹1,380.05 Cr on record. Court records list 28 cases involving the company, including 7 filed by the company and 21 filed against it; 2 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹342.77 Cr; the latest was in November 2020. Its 5 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, 2 larger and 3 smaller; the largest is Shree Ramkrishna Exports Private Limited with revenue of ₹8,238.7 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 34 overdue payments to 16 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 hk.co.
Company details
CIN U36912MH2012PTC227014
Registration Number 227014
Incorporation Date 16 February 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Ghanshyambhai Dhanjibhai Dholakia Managing Director Hasmukhbhai Thakarshibhai Dholakiya Whole-Time Director Savji Dhanji Dholakia Whole-Time Director Recognitions & Rankings of Hari Krishna Exports
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,320 Savji Dholakia ₹1,700 Cr
- #1,427 Ghanshyambhai Dholakia ₹1,500 Cr
Contact details
Hari Krishna Exports Private Limited's registered office is in Mumbai, Maharashtra. Its website is hk.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressUnitno.1701 Thecapital 17 Thfloor Bwing Plotno.C – 70 Bandrakurlacomplex Band, Ra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Hari Krishna Exports Private Limited, buy the company report.
Comprehensive company report
Hari Krishna Exports 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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Brands
Hari Krishna Exports operates one associated brand: Hari Krishna. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures, exports, and retails diamonds and jewelry globally. | hk.co |
Business activity
The main business activity of Hari Krishna 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 Krishna Exports Private Limited, buy the company report.
Financials of Hari Krishna Exports Private Limited
FY 2024 filings availableHari Krishna Exports Private Limited reported revenue of ₹7,740.85 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹7,740.85 Cr ▼ 2%
Net profit · FY 2025
₹238.5 Cr margin 3.1%
EBITDA · FY 2025
₹512.74 Cr margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 13%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 16%
5 years · compounded
▲ 7%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 2% fall in the latest year. EBITDA fell 19% 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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| Total Expenses | |||||
| EBITDA | ₹512.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹238.5 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hari Krishna Exports Private Limited, buy the company report.
Board of directors of Hari Krishna Exports Private Limited
Hari Krishna Exports has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukhbhai Thakarshibhai Dholakiya | Whole-Time Director | 16 Feb 2012 | 14 Years 8 Months | Current |
| Ghanshyambhai Dhanjibhai Dholakia | Managing Director | 16 Feb 2012 | 14 Years 8 Months | Current |
| Savji Dhanji Dholakia Also directs: H. K. Jewels Private Limited, Dholakia Foundation, Samast Patidar Aarogya Foundation and 1 more | Whole-Time Director | 16 Feb 2012 | 14 Years 8 Months | Current |
| Rajagopalan Balakrishanan Kuravai | Director | 01 Oct 2012 | 14 Years 0 Months | Current |
| Tulsi Dhanji Dholakia | Whole-Time Director | 16 Feb 2012 | 14 Years 8 Months | Current |
Peer comparison
Hari Krishna Exports Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shree Ramkrishna Exports Private Limited | ₹8,238.7 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Emerald Jewel Industry India Limited | ₹8,181.56 Cr (FY 2025) | 22.0% | Coimbatore, Tamil Nadu, India | |||
| Hari Krishna Exports Private Limitedthis company | ₹7,740.85 Cr (FY 2025) | ₹238.5 Cr | 3.1% | -2.0% | 4 | Mumbai, Maharashtra, India |
| Mohanlal Jewellers Private Limited | ₹7,038.53 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Opus Refinery Private Limited | ₹6,950.3 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Nakshatra World Limited | ₹6,135.84 Cr (FY 2016) | 33.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hari Krishna Exports Private Limited, buy the company report.
Auditor
Hari Krishna Exports Private Limited is audited by SCA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SCA & Associates | FY 2023 | 101174W |
Shareholding
The shareholding of Hari Krishna Exports 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 category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hari Krishna Exports Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4,263.33 Cr
Satisfied charges
₹1,380.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2023 | 100716930 | Others | ₹21 Cr | Open | |
| 23 Mar 2022 | 100560813 | State Bank of India | ₹100 Cr | Open | |
| 24 May 2021 | 100446595 | State Bank of India | ₹34.79 Cr | Open | |
| 28 Apr 2021 | 100441363 | Bank of India | ₹21 Cr | Open | |
| 04 Jan 2021 | 100402169 | Others | ₹13.5 Cr | Open |
To see the full charge records of Hari Krishna Exports Private Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Hari Krishna Exports Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹342.77 Cr; the latest was in November 2020.
Total deals
7
Funding rounds
5
Secondary share transfers
2
Disclosed funding
₹342.77 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Apr 2019 | Secondary share transfer | Undisclosed | Seller: an individual |
| Jul 2014 | Funding round | ₹48.26 Cr | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹10 Cr | Investors: 4 individuals |
| Apr 2012 | Funding round | ₹105.42 Cr | Investors: 4 individuals |
To see the full deal history of Hari Krishna 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 Krishna Exports Private Limited has 28 court cases on record: 7 filed by Hari Krishna Exports, 21 filed against it. 2 cases are pending and 26 are disposed.
Total cases
28
Filed by the company
7
Filed against the company
21
Pending
2
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 12 | 2 |
| District courts | 12 | 9 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against David Block Chief Executive Officer Galatea Ltd., Sarine Technologies Ltd., and Sarin Technologies India Private Limited Having Office at: Plot No. 133, T.P. No -4, City Survey No. 307 , , Other and 10 others | Disposed |
| District court, SURAT, Gujarat | Court case (SPCS) | Filed against the company by Subrhamanyam R. Autho. Person of Bharat Sanchar Nigam Ltd | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 5 | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Hari Krishna 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 Krishna Exports Private Limited was last rated by Care on 11 Sep 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Sep 2023 |
To see the full credit ratings and regulatory alerts of Hari Krishna Exports Private Limited, buy the company report.
MSME payment delays
Hari Krishna Exports Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 34 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shree Ambica Auto Sales & Service | |||
| Jasraj Kalianji & Co | |||
| B K Freight Forwarders Private Limited | |||
| Af Ferrari Secure Logitech Private Limited | |||
| Unity Jewels |
To see the full MSME payment records of Hari Krishna Exports Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hari Krishna Exports has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| H. K. Jewels Private Limited | U36911MH2009PTC193278 |
To see the full group structure of Hari Krishna Exports Private Limited, buy the company report.
Employees & EPFO
Hari Krishna Exports Private Limited has a workforce of 4 employees on its EPFO records as of Mar 17, 2025, across 2 active EPFO establishments.
Employee count
4
Active EPFO establishments
2
Employee growth
300%
GST
Hari Krishna Exports has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH8430N1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 24AACCH8430N1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hari Krishna Exports Private Limited, buy the company report.
Recent activity
Hari Krishna Exports Private Limited has 14 board changes on record since 2012: 5 appointments and 9 cessations. The latest: Venkatraman Ranganathan Iyengar ceased to be Cfo(Kmp) on 15 Jun 2017.
AGM
Hari Krishna Exports Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100215874 with State Bank Of India was fully satisfied on 27 Jun 2024.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100215875 with State Bank Of India was fully satisfied on 27 Jun 2024.
Charges
A charge registered on 29 Oct 2020 via Charge ID 100385206 with Bank Of India was fully satisfied on 07 May 2024.
Filing
Hari Krishna Exports Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100215870 with State Bank Of India was fully satisfied on 14 Sep 2023.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100215872 with State Bank Of India was fully satisfied on 14 Sep 2023.
Charges
A charge with Others amounted to Rs. 21.00 Cr with Charge ID 100716930 was registered on 21 Apr 2023.
Charges
A charge with State Bank Of India of Rs. 85.03 Cr registered on 31 May 2016 with Charge ID 100034845 was modified on 29 Mar 2023.
Charges
A charge registered on 25 Sep 2020 via Charge ID 100378961 with Bank Of India was fully satisfied on 10 Oct 2022.
Charges
A charge registered on 24 May 2019 via Charge ID 100269140 with State Bank Of India was fully satisfied on 27 Jul 2022.
Charges
A charge registered on 20 Dec 2021 via Charge ID 100522705 with Others was fully satisfied on 17 Jun 2022.
107 earlier events are in the company report.
Frequently asked questions
Hari Krishna 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 16 February 2012 (14+ years old) and is registered under CIN U36912MH2012PTC227014.
Hari Krishna Exports has 5 current directors:
- Ghanshyambhai Dhanjibhai Dholakia - Managing Director
- Hasmukhbhai Thakarshibhai Dholakiya - Whole-Time Director
- Savji Dhanji Dholakia - Whole-Time Director
- Tulsi Dhanji Dholakia - Whole-Time Director
- Rajagopalan Balakrishanan Kuravai - Director
The latest financial statements of Hari Krishna Exports on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hari Krishna Exports is 27AACCH8430N1Z8, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCH8430N1ZE (Gujarat).
The CIN (Corporate Identification Number) of Hari Krishna Exports is U36912MH2012PTC227014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hari Krishna Exports has 28 court cases on record: 7 filed by the company and 21 filed against it. 2 are pending. Most are in the high courts.
Hari Krishna Exports was incorporated on 16 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Hari Krishna Exports has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹342.77 Cr; the latest was in November 2020.
The peers of Hari Krishna Exports by revenue are Shree Ramkrishna Exports Private Limited, Emerald Jewel Industry India Limited, Mohanlal Jewellers Private Limited, Opus Refinery Private Limited, Nakshatra World Limited, 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).
Venkatraman Ranganathan Iyengar ceased to be Cfo(Kmp) on 15 Jun 2017. Himatlal Dhanji Dholakia ceased to be Director on 30 Mar 2013. Rajagopalan Balakrishanan Kuravai ceased to be Additional Director on 28 Dec 2012. Hari Krishna Exports has 14 board changes on record in total.
Hari Krishna Exports has 7 MSME Form 1 returns on record between 2019 and 2023, listing 34 overdue payments to 16 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Hari Krishna Exports can be reached through the website hk.co. Its registered office is in Mumbai, Maharashtra, India.