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About Karp Impex Limited
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Karp Impex Limited is a public limited company based in Bandra East, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 24 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27205MH1995PLC158868. Its GSTIN is 27AABCK1823F1ZW (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.42 Cr. It is led by directors including Nirav Anil Virani (Managing Director) and Keval Kishor Virani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ge – 3051 'G' Block Bharat Diamond Bourse Bandra Kurla Complex, Bandra East, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,896.9 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹39.68 Cr (net margin 2.1%) and EBITDA of ₹107.75 Cr (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹834.8 Cr and satisfied charges of ₹1,317.41 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karpgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGe – 3051 'G' Block Bharat Diamond Bourse Bandra Kurla Complex, Bandra East, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
- One PDF report, delivered after checkout
CIN History of Karp Impex Limited
Karp Impex has one previous CIN (Corporate Identification Number): U27205MH2006PLC158868. The current CIN is U27205MH1995PLC158868, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27205MH1995PLC158868 | Current |
| U27205MH2006PLC158868 | Previous |
Business Activity of Karp Impex Limited
The main business activities of Karp Impex are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Karp Impex Limited
Karp Impex Limited is audited by G.K. Choksi & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G.K. Choksi & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Karp Impex Limited
Karp Impex has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shradha Nirav Virani | Director | 21 Feb 2017 | 9 Years 7 Months | Current |
| Keval Kishor Virani | Whole-Time Director | 05 Dec 2005 | 20 Years 10 Months | Current |
| Nirav Anil Virani Also directs: Shantabana Impex LLP, Qualitas Lifespaces Limited Liability Partnership, Calidad Realty Limited Liability Partnership and 4 more | Managing Director | 05 Dec 2005 | 20 Years 10 Months | Current |
| Kishorkumar Bhikhalal Virani | Director | 24 Apr 1995 | 31 Years 5 Months | Current |
| Mehulkumar Narendrakumar Patel | Director | 21 Feb 2017 | 9 Years 7 Months | Current |
| Alkesh Sanghvi | Director | 21 Feb 2017 | 9 Years 7 Months | Current |
Financials of Karp Impex Limited FY 2024 filings available
Karp Impex Limited reported revenue of ₹1,896.9 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Karp Impex Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 10% fall in the latest year. EBITDA fell 21% 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 Karp Impex 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 | ₹107.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.68 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 of Karp Impex Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Karp Impex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Karp Impex Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Karp Impex Limited
Karp Impex has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Karp Jewellery Private Limited | U51100GJ2000PTC037823 | Locked |
| Karp Diamonds Private Limited | U51398MH1989PTC052848 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Karp Impex Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2025 | Others | ₹100 Cr | Open |
| 20 Jul 2010 | Sbicap Trustee Company Limited | ₹706.3 Cr | Open |
| 20 Oct 1998 | Bharat Overseas Bank Ltd | ₹28.5 Cr | Open |
| 07 Dec 2022 | State Bank of India | ₹40 Cr | Satisfied |
| 15 Mar 2021 | Others | ₹25.31 Cr | Satisfied |
Total charge records: 43 View all charges
Employees and EPFO Compliance at Karp Impex Limited
Employment history and EPFO contributions of people linked to Karp Impex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Karp Impex Limited
Karp Impex has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCK1823F1ZW | Maharashtra | Active | 01 Jul 2017 |
| 27AABCK1823F2ZV | Maharashtra | Active | 29 Mar 2025 |
| 24AABCK1823F1Z2 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Karp Impex Limited
Karp Impex Limited has 5 court cases on record: 2 filed by Karp Impex, 3 filed against it. 3 cases are pending and 2 are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
| High courts | 2 | 0 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Pending |
| Bombay High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Circle 5 (2) (1) | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle 5(2)(1) | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Karp Impex Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Karp Impex Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Karp Impex Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Karp Impex Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Karp Impex Limited
Frequently Asked Questions about Karp Impex Limited
Karp Impex is an active public limited company based in Bandra East, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 24 April 1995 (31+ years old) and is registered under CIN U27205MH1995PLC158868.
Karp Impex reported revenue of ₹1,896.9 Cr for FY 2024 (down 10% YoY).
Karp Impex has 7 current directors:
- Nirav Anil Virani - Managing Director
- Keval Kishor Virani - Whole-Time Director
- Shradha Nirav Virani - Director
- Kishorkumar Bhikhalal Virani - Director
- Mehulkumar Narendrakumar Patel - Director
- Alkesh Sanghvi - Director
- Anilkumar Bhikhabhai Virani - Director
Karp Impex reported a net profit of ₹39.68 Cr (net margin 2.1%) and EBITDA of ₹107.75 Cr (EBITDA margin 5.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Karp Impex is 7% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Karp Impex is 27AABCK1823F1ZW, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCK1823F2ZV (Maharashtra), 24AABCK1823F1Z2 (Gujarat).
The CIN (Corporate Identification Number) of Karp Impex is U27205MH1995PLC158868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karp Impex has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Karp Impex was incorporated on 24 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.