MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-20-0035874
HMV Silver Private Limited
HMV Silver Private Limited - consumer goods in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.85 Cr
▲ 69% YoY
Net profit · FY 2024
₹6.98 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹35.9 Lakh
EBITDA margin 1.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
6
Provident fund records
Directors on board
3
As per MCA filings
About HMV Silver Private Limited
Data last updated:
HMV Silver Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 13 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2016PTC094063. Its GSTIN is 24AADCH9985M1ZT (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Heer Hitesh Shah and Nikunj Virani.
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 Shree Sadguru Ranchhod Nagar 3 Corner Jalganga Chowk – Sant Kabir Road, Rajkot, Gujarat, India – 360003.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.85 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹6.98 Lakh (net margin 0.3%) and EBITDA of ₹35.9 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 269% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
HMV Silver Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0035874). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of HMV Silver Private Limited
CIN U51909GJ2016PTC094063
Registration Number 094063
Incorporation Date 13 October 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-20-0035874
Recognitions & Rankings of HMV Silver
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShree Sadguru Ranchhod Nagar 3 Corner Jalganga Chowk – Sant Kabir Road, Rajkot, Gujarat, India – 360003
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
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Business Activity of HMV Silver Private Limited
The main business activity of HMV Silver is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of HMV Silver Private Limited FY 2025 filings available
HMV Silver Private Limited reported revenue of ₹20.85 Cr (up 69% YoY) for FY 2024.
Revenue · FY 2024
₹20.85 Cr ▲ 69%
Net profit · FY 2024
₹6.98 Lakh margin 0.3%
EBITDA · FY 2024
₹35.9 Lakh margin 1.7%
Compounded Annual Growth Rate (CAGR) of HMV Silver Private Limited
Revenue CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 60%
5 years · compounded
▲ 269%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 80%
5 years · compounded
▲ 225%
Revenue has grown at a compounded annual rate (CAGR) of 269% over five years, including 69% growth in the latest year. EBITDA fell 10% 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 HMV Silver Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹35.9 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.98 Lakh | •••• | •••• | •••• | •••• |
| 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 HMV Silver Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 HMV Silver are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of HMV Silver Private Limited
HMV Silver has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Heer Hitesh Shah | Director | 01 Jun 2021 | 5 Years 4 Months | Current |
| Nikunj Virani | Director | 26 Dec 2019 | 6 Years 9 Months | Current |
| Hitanshu Shah Hitesh | Director | 13 Oct 2016 | 10 Years 0 Months | Current |
Peer Comparison of HMV Silver Private Limited
HMV Silver Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gold Line Ornaments Private Limited | ₹21.12 Cr (FY 2017) | •••• | •••• | 193.0% | •••• | Mehsana, Gujarat, India |
| Mahek Exim Private Limited | ₹21.11 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Surat, Gujarat, India |
| Saj Jewellery Private Limited | ₹20.95 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| Dassani and Sons Private Limited | ₹20.89 Cr (FY 2022) | •••• | •••• | 150.0% | •••• | Mumbai, Maharashtra, India |
| Pavitra Lifestyle Private Limited | ₹20.87 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Chandigarh, India |
| HMV Silver Private Limited this company | ₹20.85 Cr (FY 2024) | •••• | •••• | 69.0% | •••• | Rajkot, Gujarat, India |
| Fancyys Exports Private Limited | ₹20.69 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Indore, Madhya Pradesh, India |
| Art Karat International Ltd | ₹20.62 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
| SMD Business Private Limited | ₹20.59 Cr (FY 2022) | •••• | •••• | 88.0% | •••• | Delhi, India |
| R.N.Kapoor Jewellers Private Limited | ₹20.55 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Vijisan Jewels Private Limited | ₹20.53 Cr (FY 2022) | •••• | •••• | 73.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below HMV Silver by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 HMV Silver Private Limited
HMV Silver Private Limited is audited by D T A & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D T A & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of HMV Silver Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of HMV Silver Private Limited
HMV Silver Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at HMV Silver Private Limited
HMV Silver Private Limited has a workforce of 6 employees as of Apr 07, 2024.
Employee count
6
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on HMV Silver Private Limited
HMV Silver Private Limited has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Heer Hitesh Shah was appointed as Director on 01 Jun 2021.
AGM
Hmv Silver Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hmv Silver Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Heer Hitesh Shah was appointed as Director.
Ceased
Pranay Jayantkumar Shah ceased to be Director.
Ceased
Manojbhai Shambhubhai Thummar ceased to be Director.
Appointed
Nikunj Virani was appointed as Director.
Ceased
Vimal Raghubhai Raiyani ceased to be Director.
Appointed
Hitanshu Shah Hitesh was appointed as Director.
Incorporation
13 Oct 2016
Hmv Silver Private Limited was registered on 13 Oct 2016 with Roc Ahmedabad & aged 10 years 8 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for HMV Silver Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by HMV Silver Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of HMV Silver Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of HMV Silver Private Limited
HMV Silver has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH9985M1ZT | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of HMV Silver Private Limited
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Frequently Asked Questions about HMV Silver Private Limited
HMV Silver is an active private limited company based in Rajkot, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 13 October 2016 (10+ years old) and is registered under CIN U51909GJ2016PTC094063.
HMV Silver reported revenue of ₹20.85 Cr for FY 2024 (up 69% YoY).
HMV Silver has 3 current directors:
- Heer Hitesh Shah - Director
- Nikunj Virani - Director
- Hitanshu Shah Hitesh - Director
HMV Silver reported a net profit of ₹6.98 Lakh (net margin 0.3%) and EBITDA of ₹35.9 Lakh (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of HMV Silver is 60% over three years and 269% over five years. In the latest year (FY 2024) revenue rose 69%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of HMV Silver is 24AADCH9985M1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of HMV Silver is U51909GJ2016PTC094063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HMV Silver was incorporated on 13 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of HMV Silver by revenue are Gold Line Ornaments Private Limited, Mahek Exim Private Limited, Saj Jewellery Private Limited, Dassani and Sons Private Limited, Pavitra Lifestyle Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Heer Hitesh Shah was appointed as Director on 01 Jun 2021. Pranay Jayantkumar Shah ceased to be Director on 01 Jun 2021. Manojbhai Shambhubhai Thummar ceased to be Director on 26 Dec 2019. HMV Silver has 6 board changes on record in total.
Yes, HMV Silver is registered as an MSME under Udyam registration (number: UDYAM-GJ-20-0035874).