Parekh Ornaments LLP

Parekh Ornaments LLP - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
LLPIN AAG-1266 Incorporated 05 April 2016 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Limited Liability Partnership consumer goods MSME · Medium
Data last updated
Revenue · FY 2023
₹52.45 Cr
▲ 40% YoY
Net profit · FY 2023
₹15.23 Lakh
Net margin 0.3%
EBITDA · FY 2023
-₹4.49 Cr
EBITDA margin -8.6%
Contribution obligation
₹10 Lakh
As per LLP agreement
Open charges
₹12.6 Cr
Satisfied ₹7.5 Cr
LLP age
10 yrs
Est. 2016
Employees · EPFO
6
Provident fund records
Designated partners
2
As per MCA filings

About Parekh Ornaments LLP

Data last updated:

Parekh Ornaments LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 05 April 2016 and has been in existence for over 10 years.

The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAG-1266. Its GSTIN is 27AASFP4562A1Z4 (Maharashtra).

The LLP has a total obligation of contribution of ₹10 Lakh. It is led by designated partners Mukesh Rajmal Parekh and Mahesh Rajmal Parekh.

Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at 20 Chandra Villa Nehru Road Near Shiv Sagar Hotel Vile Parle (E), Mumbai, Maharashtra, India – 400057.

As per the financials filed for FY 2023, the LLP reported a revenue of ₹52.45 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹15.23 Lakh (net margin 0.3%) and EBITDA of -₹4.49 Cr (EBITDA margin -8.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.

The LLP has about 6 employees on its provident fund (EPFO) records.

As per MCA filings, the LLP has open charges of ₹12.6 Cr and satisfied charges of ₹7.5 Cr on record.

Parekh Ornaments LLP is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0099816).

Company Details of Parekh Ornaments LLP
LLPIN AAG-1266
Incorporation Date 05 April 2016
Total Obligation of Contribution ₹10 Lakh
ROC Mumbai
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2024
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0099816
Key People
Mukesh Rajmal Parekh Designated Partner Mahesh Rajmal Parekh Designated Partner

Recognitions & Rankings of Parekh Ornaments

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0099816
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    20 Chandra Villa Nehru Road Near Shiv Sagar Hotel Vile Parle (E), Mumbai, Maharashtra, India – 400057
  • Industry
    Consumer Goods, Jewelry & Gemstone Retail & Distribution
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Financials, compliance, directors, charges, ownership and filings for Parekh Ornaments LLP in one report.

Financials from FY 2017 Directors & ownership Charges & compliance

Financials of Parekh Ornaments LLP FY 2024 filings available

Parekh Ornaments LLP reported revenue of ₹52.45 Cr (up 40% YoY) for FY 2023.

Revenue · FY 2023
₹52.45 Cr ▲ 40%
Net profit · FY 2023
₹15.23 Lakh margin 0.3%
EBITDA · FY 2023
-₹4.49 Cr margin -8.6%

Compounded Annual Growth Rate (CAGR) of Parekh Ornaments LLP

Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 18%
5 years · compounded
▲ 14%

Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 40% growth 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 Parekh Ornaments LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income and Expenditure
Turnover₹52.45 Cr••••••••••••••••
Other Income••••••••••••••••••••
Total Income••••••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹15.23 Lakh••••••••••••••••
Profit Transferred to Partners••••••••••••••••••••
Assets and Liabilities
Partners' Contribution••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Secured Loans••••••••••••••••••••
Unsecured Loans••••••••••••••••••••
Trade Payables••••••••••••••••••••
Other Liabilities and Provisions••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Loans and Advances••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Parekh Ornaments LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
Net Profit Margin0.3%••••••••••••••••
Return on Partners' Funds••••••••••••••••••••
Return on Assets••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Debt to Partners' Funds••••••••••••••••••••
Interest Coverage••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Turnover Growth••••••••••••••••••••
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 8. The full year-wise statements and ratios of Parekh Ornaments are in the company report.

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Financial statements from FY 2017

Earlier years and trend charts are in the company report.

  • Income statements
  • Balance sheets
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Designated Partners of Parekh Ornaments LLP

Parekh Ornaments has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Mukesh Rajmal ParekhDesignated Partner05 Apr 201610 Years 6 MonthsCurrent
Mahesh Rajmal Parekh
Also directs: Palak Forex Private Limited
Designated Partner05 Apr 201610 Years 6 MonthsCurrent
View all designated partners

Auditor Details of Parekh Ornaments LLP

Auditor information for Parekh Ornaments LLP provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.

Ownership and Shareholding of Parekh Ornaments LLP

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Shareholding and ownership data

Promoter, institutional, public and beneficial ownership figures are in the company report.

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Charges & Borrowings of Parekh Ornaments LLP

Open charges
₹12.6 Cr
Satisfied charges
₹7.5 Cr
Breakdown by lending institutions
Kotak Mahindra Bank Limited₹12.00 Cr
Punjab National Bank₹0.60 Cr
Latest charge details
DateLenderAmountStatus
29 Dec 2023Kotak Mahindra Bank Limited₹12 CrOpen
15 Nov 2022Punjab National Bank₹41.33 LakhOpen
14 Oct 2021Punjab National Bank₹18.63 LakhOpen
28 Feb 2019Icici Bank Limited₹7.5 CrSatisfied

Total charge records: 4 View all charges

Employees and EPFO Compliance at Parekh Ornaments LLP

Parekh Ornaments LLP has a workforce of 6 employees as of Feb 14, 2025.

Employee count
6
Active EPFO establishments
1
Employee growth
50%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Parekh Ornaments LLP

Parekh Ornaments LLP has 4 designated partner changes on record since 2016: 2 appointments and 2 cessations. The latest: Raunak Mukesh Parekh ceased to be Partner on 28 Jul 2017.

AGM
Parekh Ornaments Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 1,200.00 Lakh registered on 29 Dec 2023 with Charge ID 100868849 was modified on 22 Oct 2024.
Filing
Parekh Ornaments Llp has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 1,200.00 Lakh with Charge ID 100868849 was registered on 29 Dec 2023.
Charges
A charge with Punjab National Bank amounted to Rs. 41.33 Lakh with Charge ID 100629919 was registered on 15 Nov 2022.
Charges
A charge registered on 28 Feb 2019 via Charge ID 100243571 with Icici Bank Limited was fully satisfied on 11 Nov 2021.
Charges
A charge with Punjab National Bank amounted to Rs. 18.63 Lakh with Charge ID 100500066 was registered on 14 Oct 2021.
Charges
A charge with Icici Bank Limited amounted to Rs. 750.00 Lakh with Charge ID 100243571 was registered on 28 Feb 2019.
Ceased
Raunak Mukesh Parekh ceased to be Partner.
Ceased
Saurabh Mukesh Parekh ceased to be Designated Partner.
Appointed
Mahesh Rajmal Parekh was appointed as Designated Partner.
Appointed
Mukesh Rajmal Parekh was appointed as Designated Partner.

1 earlier event is listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Parekh Ornaments LLP

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Parekh Ornaments LLP

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Parekh Ornaments LLP

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Corporate group structure

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GST Compliance of Parekh Ornaments LLP

Parekh Ornaments has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AASFP4562A1Z4MaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Parekh Ornaments LLP

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Frequently Asked Questions about Parekh Ornaments LLP

Parekh Ornaments is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 05 April 2016 (10+ years old) and is registered under LLPIN AAG-1266.

Parekh Ornaments reported revenue of ₹52.45 Cr for FY 2023 (up 40% YoY).

Parekh Ornaments has 2 current designated partners:

Parekh Ornaments reported a net profit of ₹15.23 Lakh (net margin 0.3%) and EBITDA of -₹4.49 Cr (EBITDA margin -8.6%) for FY 2023, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Parekh Ornaments is 18% over three years and 14% over five years. In the latest year (FY 2023) revenue rose 40%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Parekh Ornaments is 27AASFP4562A1Z4, registered in Maharashtra.

The LLPIN (Limited Liability Partnership Identification Number) of Parekh Ornaments is AAG-1266. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Parekh Ornaments was incorporated on 05 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.

Raunak Mukesh Parekh ceased to be Partner on 28 Jul 2017. Saurabh Mukesh Parekh ceased to be Designated Partner on 28 Jul 2017. Mahesh Rajmal Parekh was appointed as Designated Partner on 05 Apr 2016. Parekh Ornaments has 4 designated partner changes on record in total.

Yes, Parekh Ornaments is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0099816).

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