MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0026952
Nil Dhara Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.34 Cr
▼ 12% YoY
Net profit · FY 2025
₹1.92 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹23.19 Lakh
EBITDA margin 2.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹45 Lakh
Issued & subscribed
Open charges
₹1.59 Cr
Satisfied ₹1 Cr
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
About Nil Dhara Limited
Data last updated:
Nil Dhara Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 07 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15549GJ2008PLC055184. Its GSTIN is 24AADCB5913F2Z1 (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It was formerly known as Nil Dhara Private Limited and Nil Dhara Alloys Private Limited. It is led by directors including Jignesh Hasmukhbhai Panchal and Anantkumar Jayprasad Trivedi.
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 Block No.67/2 Village : Bhuvaladi Ta : Dascroi, Ahmedabad, Gujarat, India – 382480.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.34 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.92 Lakh (net margin 0.2%) and EBITDA of ₹23.19 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 22% over five years.
The company is associated with 1 brand: Nildhara Limited. As per MCA filings, the company has open charges of ₹1.59 Cr and satisfied charges of ₹1 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 2 cases are pending.
Nil Dhara Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0026952). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nildhara.com.
Company details
CIN U15549GJ2008PLC055184
Registration Number 055184
Incorporation Date 07 October 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0026952
Name history
Nil Dhara has undergone 3 name changes throughout its history. The company was previously known as Nil Dhara Private Limited, Nil Dhara Alloys Private Limited, and Bhavani Exim Private Limited. The current legal name is Nil Dhara Limited.
| Company Name | Status |
|---|---|
| Nil Dhara Limited | Current |
| Nil Dhara Private Limited | Previous |
| Nil Dhara Alloys Private Limited | Previous |
| Bhavani Exim Private Limited | Previous |
CIN history
Nil Dhara has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U15549GJ2008PLC055184, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15549GJ2008PLC055184 | Current |
| U15549GJ2008PTC055184 | Previous |
| U52390GJ2008PTC055184 | Previous |
Key People
Jignesh Hasmukhbhai Panchal Director Anantkumar Jayprasad Trivedi Director Kaminiben Hariprasad Panchal Director Recognitions & Rankings of Nil Dhara
Contact details
Nil Dhara Limited's registered office is in Ahmedabad, Gujarat. Its website is nildhara.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No.67/2 Village : Bhuvaladi Ta : Dascroi, Ahmedabad, Gujarat, India – 382480
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Nil Dhara Limited, buy the company report.
Comprehensive company report
Nil Dhara Limited - one report that includes everything
- 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
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Brands
Nil Dhara operates one associated brand: Nildhara Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Trading and manufacturing in metals, plastics, incense, and related industries with a focus on quality and recycling. | nildhara.com |
Business activity
The main business activity of Nil Dhara 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 Nil Dhara Limited, buy the company report.
Financials of Nil Dhara Limited
FY 2025 filings availableNil Dhara Limited reported revenue of ₹10.34 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹10.34 Cr ▼ 12%
Net profit · FY 2025
₹1.92 Lakh margin 0.2%
EBITDA · FY 2025
₹23.19 Lakh margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 14%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 26%
5 years · compounded
▲ 47%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 13% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹23.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.92 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Nil Dhara Limited, buy the company report.
Board of directors of Nil Dhara Limited
Nil Dhara has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Hasmukhbhai Panchal Also directs: Rushil Agrotec Private Limited, Rushnil Private Limited | Director | 02 May 2024 | 2 Years 6 Months | Current |
| Anantkumar Jayprasad Trivedi Also directs: Rushil Agrotec Private Limited, Rushnil Private Limited | Director | 29 Apr 2019 | 7 Years 6 Months | Current |
| Kaminiben Hariprasad Panchal | Director | 11 Aug 2017 | 9 Years 2 Months | Current |
Peer comparison
Nil Dhara Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Metal 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 |
|---|---|---|---|---|---|---|
| Navshakti Fuels (India) Private Limited | ₹10.43 Cr (FY 2025) | 1679.0% | Jharia, Dhanbad, Jharkhand, India | |||
| Vishnu Industries Private Limited | ₹10.41 Cr (FY 2024) | 10.0% | Hyderabad, Telangana, India | |||
| Sainath Alloys Private Limited | ₹10.4 Cr (FY 2025) | 16.0% | Rourkela, Odisha, India | |||
| Navya Metals Private Limited | ₹10.35 Cr (FY 2024) | -9.0% | Kolkata, West Bengal, India | |||
| Nil Dhara Limitedthis company | ₹10.34 Cr (FY 2025) | ₹1.92 Lakh | 0.2% | -12.0% | Ahmedabad, Gujarat, India | |
| Gaura Steel Private Limited | ₹10.33 Cr (FY 2025) | -21.0% | Howrah, West Bengal, India | |||
| Maithan Trade-Com Private Limited | ₹10.27 Cr (FY 2024) | 7.0% | Kalyaneshwari, West Bengal, India | |||
| Sherry Forge Private Limited | ₹10.25 Cr (FY 2025) | 1306.0% | Uttar Pradesh, India | |||
| Tulja Bhavani Ispat Private Limited | ₹10.25 Cr (FY 2024) | -12.0% | Hyderabad, Telangana, India | |||
| V&P Virat Distributors Private Limited | ₹10.24 Cr (FY 2025) | 21.0% | Purnia, Bihar, India |
To see the full peer comparison of Nil Dhara Limited, buy the company report.
Auditor
Nil Dhara Limited is audited by BHANWAR JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHANWAR JAIN & CO | FY 2021 | 117340W |
Shareholding
The shareholding of Nil Dhara Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nil Dhara Limited, buy the company report.
Charges & borrowings
Open charges
₹1.59 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2022 | 100753000 | Hdfc Bank Limited | ₹16.39 Lakh | Open | |
| 25 Sep 2017 | 100144257 | Hdfc Bank Limited | ₹1.42 Cr | Open | |
| 12 Aug 2011 | 10305088 | Allahabad Bank | ₹1 Cr | Satisfied |
To see the full charge records of Nil Dhara Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Nil Dhara Limited has 12 court cases on record: 5 filed by Nil Dhara, 7 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
5
Filed against the company
7
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 5 | 1 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax-3, Ahmedabad | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Lingala Ashok /Partner/Authorised of Sriram Enterprises | Pending |
| High Court of Gujarat | Appeal | Filed against the company by Principal Commissioner of Income Tax-3, Ahmedabad | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ravikumar Manchikala /Proprietor/Authorised Signatory of Vijaya Enterprises | Disposed |
To see the full case history of Nil Dhara 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 Nil Dhara Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nil Dhara has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCB5913F2Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nil Dhara Limited, buy the company report.
Recent activity
Nil Dhara Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Jignesh Hasmukhbhai Panchal ceased to be Additional Director on 29 Sep 2025.
AGM
Nil Dhara Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Jignesh Hasmukhbhai Panchal ceased to be Additional Director.
Filing
Nil Dhara Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Jignesh Hasmukhbhai Panchal was appointed as Director.
Ceased
Piyushkumar Hariprasad Panchal ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.39 Lakh with Charge ID 100753000 was registered on 16 Jun 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 142.25 Lakh registered on 25 Sep 2017 with Charge ID 100144257 was modified on 30 Dec 2020.
Appointed
Anantkumar Jayprasad Trivedi was appointed as Director.
Ceased
Anil Vinodchandra Panchal ceased to be Director.
Ceased
Kaminiben Hariprasad Panchal ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 142.25 Lakh with Charge ID 100144257 was registered on 25 Sep 2017.
Appointed
Kaminiben Hariprasad Panchal was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Nil Dhara is an active public limited company based in Ahmedabad, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 07 October 2008 (18+ years old) and is registered under CIN U15549GJ2008PLC055184.
Nil Dhara has 3 current directors:
- Jignesh Hasmukhbhai Panchal - Director
- Anantkumar Jayprasad Trivedi - Director
- Kaminiben Hariprasad Panchal - Director
The latest financial statements of Nil Dhara 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.
The GSTIN of Nil Dhara is 24AADCB5913F2Z1, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Nil Dhara is U15549GJ2008PLC055184. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nil Dhara has 12 court cases on record: 5 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Nil Dhara was incorporated on 07 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nil Dhara by revenue are Navshakti Fuels (India) Private Limited, Vishnu Industries Private Limited, Sainath Alloys Private Limited, Navya Metals Private Limited, Gaura Steel Private Limited and 4 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Jignesh Hasmukhbhai Panchal ceased to be Additional Director on 29 Sep 2025. Jignesh Hasmukhbhai Panchal was appointed as Director on 02 May 2024. Piyushkumar Hariprasad Panchal ceased to be Director on 02 May 2024. Nil Dhara has 10 board changes on record in total.
Yes, Nil Dhara is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0026952).
Nil Dhara can be reached through the website nildhara.com. Its registered office is in Ahmedabad, Gujarat, India.
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