About Ovel Impex Private Limited
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Ovel Impex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 14 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52393GJ2010PTC061574. Its GSTIN is 24AABCO3292J1ZE (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Kiritbhai Nathubhai Vaghani (Managing Director) and Ashmitaben Kiritbhai Vaghani.
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 B – 408 Rjd Business Hub Naginawadi Katargam, Surat, Gujarat, India – 395004.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.03 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹5.22 Lakh (net margin 0.7%) and EBITDA of ₹7.22 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ovalimpex.com.
Company details
Contact details
Ovel Impex Private Limited's registered office is in Surat, Gujarat. Its website is ovalimpex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 408 Rjd Business Hub Naginawadi Katargam, Surat, Gujarat, India – 395004
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ovel Impex 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
Business activity
The main business activity of Ovel Impex 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 Ovel Impex Private Limited, buy the company report.
Financials of Ovel Impex Private Limited
FY 2025 filings availableOvel Impex Private Limited reported revenue of ₹8.03 Cr (down 40% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 40% fall in the latest year. EBITDA fell 70% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹7.22 Lakh | ||||
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| Net Profit (PAT) | ₹5.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Ovel Impex Private Limited, buy the company report.
Board of directors of Ovel Impex Private Limited
Ovel Impex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashmitaben Kiritbhai Vaghani Also directs: K Raj Impex LLP, K Raj Enterprise LLP | Director | 30 Mar 2024 | 2 Years 7 Months | Current |
| Kiritbhai Nathubhai Vaghani | Managing Director | 14 Jul 2010 | 16 Years 3 Months | Current |
Auditor
Ovel Impex Private Limited is audited by K A R M A & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A R M A & Co. LLP | FY 2023 | 127544W/W100376 |
Shareholding
The shareholding of Ovel Impex Private Limited 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 Ovel Impex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ovel Impex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ovel Impex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ovel Impex has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCO3292J1ZE | Gujarat | Active | 01 Jul 2017 |
| 27AABCO3292J1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ovel Impex Private Limited, buy the company report.
Recent activity
Ovel Impex Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Ashmitaben Kiritbhai Vaghani ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Ovel Impex is an active private limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 14 July 2010 (16+ years old) and is registered under CIN U52393GJ2010PTC061574.
Ovel Impex has 2 current directors:
- Kiritbhai Nathubhai Vaghani - Managing Director
- Ashmitaben Kiritbhai Vaghani - Director
The latest financial statements of Ovel Impex 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 Ovel Impex is 24AABCO3292J1ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCO3292J1Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Ovel Impex is U52393GJ2010PTC061574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ovel Impex was incorporated on 14 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashmitaben Kiritbhai Vaghani ceased to be Additional Director on 29 Sep 2024. Jitubhai Nathubhai Vaghani ceased to be Director on 31 Mar 2024. Ashmitaben Kiritbhai Vaghani was appointed as Director on 30 Mar 2024. Ovel Impex has 5 board changes on record in total.
Ovel Impex can be reached through the website ovalimpex.com. Its registered office is in Surat, Gujarat, India.
The registered office of Ovel Impex is at B – 408 Rjd Business Hub Naginawadi Katargam, Surat, Gujarat, India – 395004.
Ovel Impex operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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