About Khandwala Finstock Pvt Ltd
Data last updated:
Khandwala Finstock Pvt Ltd was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 27 January 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ1995PTC024400. Its GSTIN is 24AAACK6129R1Z5 (Gujarat). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹3.61 Cr and a paid-up capital of ₹1.63 Cr. It was led by directors including Vimal Parmanand Khandwala (Managing Director) and Chimanlal Jaigopal Shah.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹6,073.66 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹113.71 Cr (net margin 1.9%) and EBITDA of ₹162.65 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 566% over five years.
Its group structure included 3 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹406.5 Cr on record. Court records list 28 cases involving the company, including 23 filed by the company and 5 filed against it; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2019. Its 4 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Khandwala Enterprise Private Limited with revenue of ₹6,703.2 Cr.
The last known website on record is khandwalafinstock.com.
Company details
CIN history
Khandwala Finstock has one previous CIN (Corporate Identification Number): U65910GJ1995PTC024400. The current CIN is U74110GJ1995PTC024400, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ1995PTC024400 | Current |
| U65910GJ1995PTC024400 | Previous |
Contact details
Khandwala Finstock Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is khandwalafinstock.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Kifs Corporate House (Khandwala House), Nr. Land Mark Hotel Nr. Neptune House Iskon – Ambli Road, Ahmedabad, Gujarat, India – 380054
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Khandwala Finstock Pvt Ltd, 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 Khandwala Finstock is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Khandwala Finstock Pvt Ltd, buy the company report.
Financials of Khandwala Finstock Pvt Ltd
FY 2023 filings availableKhandwala Finstock Pvt Ltd reported revenue of ₹6,073.66 Cr (down 43% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 566%. EBITDA rose 20% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹162.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹113.71 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Khandwala Finstock Pvt Ltd, buy the company report.
Board of directors of Khandwala Finstock Pvt Ltd
Khandwala Finstock has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chimanlal Jaigopal Shah Also directs: Aakash Deep Farms Pvt Ltd, Aakash Varsha Farms Pvt Ltd, City Gold Chemicals Private Limited and 5 more | Director | 01 Feb 2022 | 4 Years 9 Months | As last reported |
| Amit Bansiprasad Modi | Director | 24 Jan 2019 | 7 Years 9 Months | As last reported |
| Vimal Parmanand Khandwala | Managing Director | 27 Jan 1995 | 31 Years 9 Months | As last reported |
Peer comparison
Khandwala Finstock Pvt Ltd is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khandwala Enterprise Private Limited | ₹6,703.2 Cr (FY 2018) | 21.0% | Ahmedabad, Gujarat, India | |||
| Khandwala Finstock Pvt Ltdthis company | ₹6,073.66 Cr (FY 2023) | ₹113.71 Cr | 1.9% | -43.0% | Ahmedabad, Gujarat, India | |
| Jyotirmay Jewels Private Limited | ₹5,393.87 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Dwarika Jewellers Private Limited | ₹5,341.27 Cr (FY 2025) | 315.0% | Shahibaugh, Gujarat, India | |||
| Kifs Finstock Limited | ₹4,742.9 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Khandwala Finstock Pvt Ltd, buy the company report.
Auditor
Khandwala Finstock Pvt Ltd is audited by Shah Somani & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Somani & Co. | FY 2023 | 109797W |
Shareholding
The shareholding of Khandwala Finstock Pvt Ltd 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Khandwala Finstock Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2019 | 100275363 | Others | ₹25 Cr | Satisfied | |
| 11 Jul 2018 | 100203093 | Others | ₹375 Cr | Satisfied | |
| 15 Feb 1999 | 90096588 | State Bank of Saurashtra | ₹6.5 Cr | Satisfied |
To see the full charge records of Khandwala Finstock Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Khandwala Finstock Pvt Ltd has 1 deal on record (1 secondary share transfer); the latest was in January 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Khandwala Finstock Pvt Ltd has 28 court cases on record: 23 filed by Khandwala Finstock, 5 filed against it. 4 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 0 | 0 |
| District courts | 10 | 0 | 0 |
| Supreme Court | 5 | 5 | 4 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (OJA) | Filed by the company against Gujarat Gas Financial Services Ltd. and 10 others | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Gujarat Gas Financial Services Ltd. and 7 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Vikas WSP Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Centum Electronics Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Selan Exploration Technology Ltd. | Disposed |
To see the full case history of Khandwala Finstock Pvt Ltd, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Khandwala Finstock Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Khandwala Finstock has 3 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 |
|---|---|---|
| Kifs Bullion Private Limited | U36996GJ2019PTC110347 | |
| Anantadrishti Pedestal Private Limited | U45309GJ2016PTC094327 | |
| Kifs Stock Brokers Private Limited | U67190GJ2021PTC128120 |
To see the full group structure of Khandwala Finstock Pvt Ltd, buy the company report.
GST
Khandwala Finstock has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK6129R1Z5 | Gujarat | Active | 01 Jul 2019 |
| 05AAACK6129R1Z5 | Uttarakhand | Active | 01 Jul 2019 |
| 27AAACK6129R1ZZ | Maharashtra | Active | 01 Jul 2019 |
To see the full GST registrations and return filing status of Khandwala Finstock Pvt Ltd, buy the company report.
Recent activity
Khandwala Finstock Pvt Ltd has 10 board changes on record since 1995: 3 appointments and 7 cessations. The latest: Chimanlal Jaigopal Shah ceased to be Additional Director on 30 Sep 2022.
9 earlier events are in the company report.
Frequently asked questions
Khandwala Finstock has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Khandwala Finstock was a private limited company based in Ahmedabad, Gujarat, India. The company worked in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 27 January 1995 and is registered under CIN U74110GJ1995PTC024400. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Khandwala Finstock was incorporated on 27 January 1995. It is registered with the Registrar of Companies, Ahmedabad.
Khandwala Finstock had 3 directors:
- Vimal Parmanand Khandwala - Managing Director
- Chimanlal Jaigopal Shah - Director
- Amit Bansiprasad Modi - Director
The CIN (Corporate Identification Number) of Khandwala Finstock is U74110GJ1995PTC024400. 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 Khandwala Finstock is at 4th Floor Kifs Corporate House Khandwala House, Nr. Land Mark Hotel Nr. Neptune House Iskon – Ambli Road, Ahmedabad, Gujarat, India – 380054.
Khandwala Finstock can be reached through the website khandwalafinstock.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Khandwala Finstock on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Khandwala Finstock is 24AAACK6129R1Z5, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 05AAACK6129R1Z5 (Uttarakhand), 27AAACK6129R1ZZ (Maharashtra).
Khandwala Finstock operated in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
Khandwala Finstock has 1 deal on record (1 secondary share transfer); the latest was in January 2019.
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