- #1,608 Harendra Shah & Family ₹1,200 Cr

About Jigar Commodities & Derivatives Private Limited
Data last updated:
Jigar Commodities & Derivatives Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 02 February 1988 and has been in existence for over 38 years.
Its director Harendra Shah and Family is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1988PTC116312. Its GSTIN is 24AAACJ1728P1ZF (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹10.83 Cr and a paid-up capital of ₹3.77 Cr. It is led by directors Pankaj Dolatrai Shah and Harendra Dolatrai Shah.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gandhinagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.99 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net profit of ₹3.47 Cr (net margin 23.1%) and EBITDA of ₹4.97 Cr (EBITDA margin 33.2%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 25% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dolatcapital.com.
Company details
CIN history
Jigar Commodities & Derivatives has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999GJ1988PTC116312, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999GJ1988PTC116312 | Current |
| U74999TN1988PTC057623 | Previous |
| U74999DD1988PTC004731 | Previous |
| U74999MH1988PTC235844 | Previous |
Recognitions & Rankings of Jigar Commodities & Derivatives
Contact details
Jigar Commodities & Derivatives Private Limited's registered office is in Gandhinagar, Gujarat. Its website is dolatcapital.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1409 Dalal Street Commercial Co – Op Soc Ltd Block 53 (Bldg No.53E) Zone – 5 Road – 5E, Gift City, Gandhinagar, Gujarat, India – 382355
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Jigar Commodities & Derivatives 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 Jigar Commodities & Derivatives is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Jigar Commodities & Derivatives Private Limited, buy the company report.
Financials of Jigar Commodities & Derivatives Private Limited
FY 2025 filings availableJigar Commodities & Derivatives Private Limited reported revenue of ₹14.99 Cr (up 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 87% growth in the latest year. EBITDA rose 5% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.47 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.2% | ||||
| Net Profit Margin | 23.1% | ||||
| 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 Jigar Commodities & Derivatives Private Limited, buy the company report.
Board of directors of Jigar Commodities & Derivatives Private Limited
Jigar Commodities & Derivatives has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Dolatrai Shah Also directs: Dolat Algotech Limited, L. C. Raheja Forex Private Limited, Shailesh Shah Securities Private Limited and 2 more | Director | 26 Sep 2005 | 21 Years 1 Months | Current |
| Harendra Dolatrai Shah Also directs: Dolat Algotech Limited, L. C. Raheja Forex Private Limited, Shailesh Shah Securities Private Limited and 5 more | Director | 26 Sep 2005 | 21 Years 1 Months | Current |
Auditor
Jigar Commodities & Derivatives Private Limited is audited by VIJAY MEHTA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY MEHTA & CO | FY 2020 | 111418W |
Shareholding
The shareholding of Jigar Commodities & Derivatives Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Jigar Commodities & Derivatives Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2010 | 10211818 | Kotak Mahindra Bank Limited | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Jigar Commodities & Derivatives 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 Jigar Commodities & Derivatives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jigar Commodities & Derivatives has 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
GST
Jigar Commodities & Derivatives has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACJ1728P1ZF | Gujarat | Active | 01 Jul 2017 |
| 08AAACJ1728P1Z9 | Rajasthan | Active | 01 Jul 2017 |
| 27AAACJ1728P1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 32AAACJ1728P1ZI | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jigar Commodities & Derivatives Private Limited, buy the company report.
Recent activity
Jigar Commodities & Derivatives Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Harendra Dolatrai Shah was appointed as Director on 26 Sep 2005.
Frequently asked questions
Jigar Commodities & Derivatives is an active private limited company based in Gandhinagar, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 02 February 1988 (38+ years old) and is registered under CIN U74999GJ1988PTC116312.
Jigar Commodities & Derivatives has 2 current directors:
- Pankaj Dolatrai Shah - Director
- Harendra Dolatrai Shah - Director
The latest financial statements of Jigar Commodities & Derivatives on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jigar Commodities & Derivatives is 24AAACJ1728P1ZF, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 08AAACJ1728P1Z9 (Rajasthan), 27AAACJ1728P1Z9 (Maharashtra), 32AAACJ1728P1ZI (Kerala).
The CIN (Corporate Identification Number) of Jigar Commodities & Derivatives is U74999GJ1988PTC116312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jigar Commodities & Derivatives was incorporated on 02 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harendra Dolatrai Shah was appointed as Director on 26 Sep 2005. Pankaj Dolatrai Shah was appointed as Director on 26 Sep 2005.
Jigar Commodities & Derivatives can be reached through the website dolatcapital.com. Its registered office is in Gandhinagar, Gujarat, India.
The registered office of Jigar Commodities & Derivatives is at 1409 Dalal Street Commercial Co – Op Soc Ltd Block 53 Bldg No.53E Zone – 5 Road – 5E, Gift City, Gandhinagar, Gujarat, India – 382355.
Jigar Commodities & Derivatives operates in the environment industry, in the solar energy solutions segment.

