Karnavati Procon Limited
About Karnavati Procon Limited
Data last updated:
Karnavati Procon Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 27 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45202GJ2010PLC060024. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Mahendra Nanjibhai Thummar and Dhruv Mahendra Thummar.
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 Shed No. 20 21 22 Tirth Bhoomi Industrial Estate Bakrol, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.22 Lakh. For the same year it recorded a net profit of ₹33,470 (net margin 27.3%) and EBITDA of ₹44,030 (EBITDA margin 36%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 60% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹4.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karnavati Procon Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShed No. 20 21 22 Tirth Bhoomi Industrial Estate Bakrol, Ahmedabad, Gujarat, India – 382210
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Karnavati Procon 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 Procon Limited
FY 2025 filings availableKarnavati Procon Limited reported revenue of ₹1.22 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.22 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹44,030 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33,470 | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36% | ||||
| Net Profit Margin | 27.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Karnavati Procon Limited, buy the company report.
Board of directors of Karnavati Procon Limited
Karnavati Procon 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 |
|---|---|---|---|---|
| Mahendra Nanjibhai Thummar | Director | 27 Mar 2010 | 16 Years 6 Months | Current |
| Dhruv Mahendra Thummar Also directs: Parkmore Private Limited, Adr Precast LLP | Additional Director | 22 Mar 2025 | 1 Years 7 Months | Current |
| Neeta Mahendra Thummar | Additional Director | 22 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Karnavati Procon Limited is audited by ABJ & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABJ & CO | FY 2023 | 134513W |
Shareholding
The shareholding of Karnavati Procon 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnavati Procon Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2015 | 10621379 | Hdb Financial Services Limited | ₹29.22 Lakh | Satisfied | |
| 29 Mar 2013 | 10422550 | Axis Bank Limited | ₹16.48 Lakh | Satisfied | |
| 02 Mar 2012 | 10340169 | Aditya Birla Finance Limited | ₹3.5 Cr | Satisfied | |
| 23 Feb 2012 | 10338636 | Hdfc Bank Limited | ₹13.62 Lakh | Satisfied | |
| 24 Sep 2011 | 10316673 | Hdfc Bank Limited | ₹13.84 Lakh | Satisfied |
To see the full charge records of Karnavati Procon Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Karnavati Procon 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 Procon Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnavati Procon has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karnavati Procon Limited, buy the company report.
Recent activity
Karnavati Procon Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Amar Rameshbhai Gandhi ceased to be Director on 22 Mar 2025.
7 earlier events are in the company report.
Frequently asked questions
Karnavati Procon is an active public limited company based in Ahmedabad, Gujarat, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 27 March 2010 (16+ years old) and is registered under CIN U45202GJ2010PLC060024.
Karnavati Procon has 3 current directors:
- Mahendra Nanjibhai Thummar - Director
- Dhruv Mahendra Thummar - Additional Director
- Neeta Mahendra Thummar - Additional Director
The latest financial statements of Karnavati Procon on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Karnavati Procon has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karnavati Procon is U45202GJ2010PLC060024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnavati Procon was incorporated on 27 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Amar Rameshbhai Gandhi ceased to be Director on 22 Mar 2025. Dhruv Mahendra Thummar was appointed as Additional Director on 22 Mar 2025. Gunvant Nanjibhai Patel ceased to be Director on 22 Mar 2025. Karnavati Procon has 6 board changes on record in total.
The registered office of Karnavati Procon is at Shed No. 20 21 22 Tirth Bhoomi Industrial Estate Bakrol, Ahmedabad, Gujarat, India – 382210.
Karnavati Procon operates in the engineering industry, in the procurement and construction (epc) segment.
Karnavati Procon has no open charges and satisfied charges of ₹4.23 Cr as per latest MCA filings.