About Kunvarji Commodities Brokers Private Limited
Data last updated:
Kunvarji Commodities Brokers Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Kunvarji Finstock Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 28 August 2003.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65999GJ2003PTC042812. Its GSTIN is 24AABCD9219N1ZE (Gujarat). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹77.01 Lakh. It was led by directors Atul Manharlal Chokshi and Jay Pravinbhai Deliwala.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Block B First Floor Siddhi Vinayak Towers Off S.G. Highway Road Mouje Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.55 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹87.87 Lakh (net margin 15.8%) and EBITDA of ₹1.87 Cr (EBITDA margin 33.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 5% over five years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Kunvarji and TradesApp. As per MCA filings, the company had satisfied charges of ₹23.7 Cr on record. Court records list 44 cases involving the company, including 29 filed by the company and 15 filed against it.
The last known website on record is kunvarji.com.
Company details
Contact details
Kunvarji Commodities Brokers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is kunvarji.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock B First Floor Siddhi Vinayak Towers Off S.G. Highway Road Mouje Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Kunvarji Commodities Brokers 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
Brands
Kunvarji Commodities Brokers operates two associated brands: Kunvarji and TradesApp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers wealth management, agro commodities, warehousing, and realty advisory services. | kunvarji.com | |
| Trading tool for custom needs, offering exclusive features to enhance trading experience | tradesapp.in |
Business activity
The main business activity of Kunvarji Commodities Brokers 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 Kunvarji Commodities Brokers Private Limited, buy the company report.
Financials of Kunvarji Commodities Brokers Private Limited
FY 2022 filings availableKunvarji Commodities Brokers Private Limited reported revenue of ₹5.55 Cr (up 26% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 26% growth in the latest year. EBITDA fell 24% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.55 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87.87 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.6% | ||||
| Net Profit Margin | 15.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Kunvarji Commodities Brokers Private Limited, buy the company report.
Board of directors of Kunvarji Commodities Brokers Private Limited
Kunvarji Commodities Brokers has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Manharlal Chokshi Also directs: Prerak Services Pvt Ltd, Kunvarji Finstock Private Limited | Director | 11 Dec 2014 | 11 Years 10 Months | As last reported |
| Jay Pravinbhai Deliwala | Director | 09 May 2020 | 6 Years 5 Months | As last reported |
Auditor
Kunvarji Commodities Brokers Private Limited is audited by RAJNI SHAH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJNI SHAH & ASSOCIATES | FY 2021 | 108468W |
Shareholding
The shareholding of Kunvarji Commodities Brokers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Kunvarji Commodities Brokers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2012 | 10366760 | Yes Bank Limited | ₹22 Cr | Satisfied | |
| 27 Oct 2010 | 10254541 | India Infoline Housing Finance Ltd | ₹1.7 Cr | Satisfied |
To see the full charge records of Kunvarji Commodities Brokers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Kunvarji Commodities Brokers Private Limited has 44 court cases on record: 29 filed by Kunvarji Commodities Brokers, 15 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 1 | 0 |
| High courts | 12 | 9 | 0 |
| Supreme Court | 5 | 5 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by JMC Metals Pvt Ltd and Anr | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Multi Commodity Exchange of India Ltd. and 2 others | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by JMC Metals Private Limited | Disposed |
| Supreme Court | Court case | Filed against the company by JMC Metals Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against JMC Metals Pvt Ltd and 7 Ors. | Disposed |
To see the full case history of Kunvarji Commodities Brokers Private Limited, 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 Kunvarji Commodities Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kunvarji Commodities Brokers Private Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Kunvarji Commodities Brokers has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD9219N1ZE | Gujarat | Active | 01 Jul 2017 |
| 27AABCD9219N1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 33AABCD9219N1ZF | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kunvarji Commodities Brokers Private Limited, buy the company report.
Recent activity
Kunvarji Commodities Brokers Private Limited has 13 board changes on record since 2007: 2 appointments and 11 cessations. The latest: Sehgal Rohit Subhash ceased to be Director on 30 May 2020.
9 earlier events are in the company report.
Frequently asked questions
Kunvarji Commodities Brokers 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.
Kunvarji Commodities Brokers was a private limited company based in Ahmedabad, Gujarat, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 28 August 2003 and is registered under CIN U65999GJ2003PTC042812. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Kunvarji Commodities Brokers was incorporated on 28 August 2003. It is registered with the Registrar of Companies, Ahmedabad.
Kunvarji Commodities Brokers had 2 directors:
- Atul Manharlal Chokshi - Director
- Jay Pravinbhai Deliwala - Director
The CIN (Corporate Identification Number) of Kunvarji Commodities Brokers is U65999GJ2003PTC042812. 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 Kunvarji Commodities Brokers is at Block B First Floor Siddhi Vinayak Towers Off S.G. Highway Road Mouje Makarba, Ahmedabad, Gujarat, India – 380051.
Kunvarji Commodities Brokers can be reached through the website kunvarji.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Kunvarji Commodities Brokers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Kunvarji Commodities Brokers is 24AABCD9219N1ZE, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCD9219N1Z8 (Maharashtra), 33AABCD9219N1ZF (Tamil Nadu).
Kunvarji Commodities Brokers operated in the financial services industry, in the brokerage and trading services segment.