Karnavati Distributors Limited
About Karnavati Distributors Limited
Data last updated:
Karnavati Distributors Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 23 June 1992.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51100GJ1992PLC017867.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.8 Lakh. It was led by directors including Maheshbhai Maganlal Patel (Whole-Time Director) and Munjal Mahendrabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Lincolnhouse Behindsatyamcomplexsciencecityroad Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.22 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹7.37 Lakh (net margin -229%) and EBITDA of -₹7.97 Lakh (EBITDA margin -247.6%). Revenue has declined at a compounded annual rate (CAGR) of 177% over three years and 47% over five years.
Company details
Contact details
Karnavati Distributors Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressLincolnhouse Behindsatyamcomplexsciencecityroad Sola, Ahmedabad, Gujarat, India – 380060
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Karnavati Distributors 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
Financials of Karnavati Distributors Limited
FY 2021 filings availableKarnavati Distributors Limited reported revenue of ₹3.22 Lakh (down 44% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 44% fall in the latest year. EBITDA fell 288% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹7.97 Lakh | ||||
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| Net Profit (PAT) | -₹7.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -247.6% | ||||
| Net Profit Margin | -229% | ||||
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To see the full financial statements and ratios of Karnavati Distributors Limited, buy the company report.
Board of directors of Karnavati Distributors Limited
Karnavati Distributors has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munjal Mahendrabhai Patel | Director | 01 Apr 2003 | 23 Years 6 Months | As last reported |
| Prakashkumar Pirabhai Suthar | Director | 01 Sep 2003 | 23 Years 1 Months | As last reported |
| Maheshbhai Maganlal Patel | Whole-Time Director | 01 Sep 2003 | 23 Years 1 Months | As last reported |
Auditor
Karnavati Distributors Limited is audited by K. P. Sompura and Company for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. P. Sompura and Company | FY 2017 | 131641W |
Shareholding
The shareholding of Karnavati Distributors Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Karnavati Distributors Limited, buy the company report.
Legal cases
No court or tribunal cases involving Karnavati Distributors 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 Karnavati Distributors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karnavati Distributors Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karnavati Distributors Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Maheshbhai Maganlal Patel ceased to be Director on 12 Oct 2021.
Frequently asked questions
Karnavati Distributors has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Karnavati Distributors was a public limited company based in Ahmedabad, Gujarat, India. The company worked in wholesale, within the trading industry. It was incorporated on 23 June 1992 and is registered under CIN U51100GJ1992PLC017867. The company has been struck off by the Registrar of Companies and is no longer operational.
Karnavati Distributors had 3 directors:
- Maheshbhai Maganlal Patel - Whole-Time Director
- Munjal Mahendrabhai Patel - Director
- Prakashkumar Pirabhai Suthar - Director
The CIN (Corporate Identification Number) of Karnavati Distributors is U51100GJ1992PLC017867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Karnavati Distributors is at Lincolnhouse Behindsatyamcomplexsciencecityroad Sola, Ahmedabad, Gujarat, India – 380060.
Karnavati Distributors was incorporated on 23 June 1992. It is registered with the Registrar of Companies, Ahmedabad.
The latest financial statements of Karnavati Distributors on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
Karnavati Distributors operated in the trading industry, in the wholesale segment. It worked in this industry before it was struck off.
Maheshbhai Maganlal Patel ceased to be Director on 12 Oct 2021. Bhagirathbhai Tribhovandas Patel ceased to be Director on 14 Aug 2018. Gulabdas Ishwarlal Patel ceased to be Director on 10 May 2010. Karnavati Distributors has 6 board changes on record in total.
The compliance status of Karnavati Distributors is compliant as of 10 September 2026.