About Nitesh Chains Private Limited
Data last updated:
Nitesh Chains Private Limited is a private limited company based in Agra, Uttar Pradesh, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 12 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U51398UP2008PTC034631. Its GSTIN is 09AACCN6889K1ZN (Uttar Pradesh).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹11.9 Lakh. It is led by directors Nitesh Agarwal and Aashi Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Agra, Uttar Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹188.34 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹9.2 Cr (net margin 4.9%) and EBITDA of ₹13.22 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 27% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹10.51 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company; 2 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 niteshchains.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address29/98 & 29/81, Namak Ki Mandi, Agra, Uttar Pradesh, India – 282003
- 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
Business Activity of Nitesh Chains Private Limited
The main business activity of Nitesh Chains is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| 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 |
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.
Financials of Nitesh Chains Private Limited FY 2024 filings available
Nitesh Chains Private Limited reported revenue of ₹188.34 Cr (up 61% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nitesh Chains Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 61% growth in the latest year. EBITDA rose 17% 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 Nitesh Chains Private Limited
| 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 | ₹13.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.2 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 Nitesh Chains Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.9% | •••• | •••• | •••• | •••• |
| 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 Nitesh Chains 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.
Peer Comparison of Nitesh Chains Private Limited
Nitesh Chains Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Rishabh Gold Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Samarth Jewellery Private Limited | •••• | •••• | •••• | •••• | 96 | Ahmadabad City, Gujarat, India |
| Parin Orna Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Global Jewellery Private Limited | •••• | •••• | •••• | •••• | 283 | Mumbai, Maharashtra, India |
| Sri Durga Bhavani Gems Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Nitesh Chains Private Limited this company | •••• | •••• | •••• | •••• | - | Agra, Uttar Pradesh, India |
| Jogia Jewellers Private Limited | •••• | •••• | •••• | •••• | - | Porbandar, Gujarat, India |
| PNR Mahalakshmi Jewellery Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore South, Tamil Nadu, India |
| Karshev Diamonds Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Bhagyam Gem & Jewellery Private Limited | •••• | •••• | •••• | •••• | 16 | Chennai, Tamil Nadu, India |
| Amy Exports and Imports Private Limited | •••• | •••• | •••• | •••• | 16 | Cochin, Kerala, India |
Peers are the five companies nearest above and the five nearest below Nitesh Chains by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Nitesh Chains Private Limited
Nitesh Chains Private Limited is audited by S K M & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S K M & 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 Nitesh Chains Private Limited
Nitesh Chains has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Agarwal Also directs: Nitashi Enterprises LLP, Nitashi Retreats LLP, Maa Siddhidatri Chains Private Limited and 5 more | Director | 12 Feb 2008 | 18 Years 7 Months | Current |
| Aashi Agarwal Also directs: Nitashi Enterprises LLP, Nitashi Retreats LLP, Stambh Real Estate Private Limited and 5 more | Director | 01 Mar 2012 | 14 Years 7 Months | Current |
Ownership and Shareholding of Nitesh Chains Private 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.
Charges & Borrowings of Nitesh Chains Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Dec 2020 | Hdfc Bank Limited | ₹10 Cr | Open |
| 27 Aug 2021 | Hdfc Bank Limited | ₹30.05 Lakh | Satisfied |
| 31 Jul 2020 | Others | ₹1.32 Cr | Satisfied |
| 25 Aug 2018 | Others | ₹51.24 Lakh | Satisfied |
| 30 Oct 2017 | Others | ₹7 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Nitesh Chains Private Limited
Nitesh Chains Private Limited has 8 court cases on record: 7 filed by Nitesh Chains, 1 where it is another party. 2 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Agra, Uttar Pradesh | Criminal case | Filed by the company against an individual | Pending |
| High Court of Gujarat | Appeal | Filed by the company against an individual | Disposed |
| High Court of Gujarat | Court case (MCA) | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Commercial matter | Filed by the company against an individual | Disposed |
| District court, Agra, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 8 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.
Employees and EPFO Compliance at Nitesh Chains Private Limited
Nitesh Chains Private Limited has a workforce of 10 employees as of Apr 07, 2024.
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.
Recent Activity on Nitesh Chains Private Limited
Nitesh Chains Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Aashi Agarwal ceased to be Director Appointed In Casual Vacancy on 29 Sep 2012.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nitesh Chains Private 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 Nitesh Chains Private 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 Nitesh Chains Private 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.
GST Compliance of Nitesh Chains Private Limited
Nitesh Chains has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCN6889K1ZN | Uttar Pradesh | 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.
MCA Filings & Documents of Nitesh Chains Private 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.
Frequently Asked Questions about Nitesh Chains Private Limited
Nitesh Chains is an active private limited company based in Agra, Uttar Pradesh, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 12 February 2008 (18+ years old) and is registered under CIN U51398UP2008PTC034631.
Nitesh Chains reported revenue of ₹188.34 Cr for FY 2025 (up 61% YoY).
Nitesh Chains has 2 current directors:
- Nitesh Agarwal - Director
- Aashi Agarwal - Director
Nitesh Chains reported a net profit of ₹9.2 Cr (net margin 4.9%) and EBITDA of ₹13.22 Cr (EBITDA margin 7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nitesh Chains is 32% over three years and 27% over five years. In the latest year (FY 2025) revenue rose 61%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nitesh Chains is 09AACCN6889K1ZN, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Nitesh Chains is U51398UP2008PTC034631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitesh Chains has 8 court cases on record: 7 filed by the company. 2 are pending. Most are in the district courts.
Nitesh Chains was incorporated on 12 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Nitesh Chains by revenue are Shree Rishabh Gold Private Limited, Samarth Jewellery Private Limited, Parin Orna Private Limited, Global Jewellery Private Limited, Sri Durga Bhavani Gems Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Aashi Agarwal ceased to be Director Appointed In Casual Vacancy on 29 Sep 2012. Aashi Agarwal was appointed as Director on 01 Mar 2012. Ambay Saran ceased to be Director on 01 Mar 2012. Nitesh Chains has 4 board changes on record in total.