About Parth Ornaments Private Limited
Data last updated:
Parth Ornaments 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 24 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36910GJ2012PTC071278. Its GSTIN is 24AAGCP8228A1ZP (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹54.16 Lakh. It was formerly known as Parth Ornament Private Limited. It is led by directors including Vipul Vallabh Bhuva and Pratik Ghanshyambhai Vekariya.
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 Parth House Nr. Bhavani Mandir Matawadi L. H. Road, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2025, the company reported a revenue of ₹646.4 Cr, a growth of 93% compared to the previous year. For the same year it recorded a net profit of ₹14.02 Cr (net margin 2.2%) and EBITDA of ₹22.72 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 30% over five years.
The company has about 206 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹47.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parthornaments.com.
Company details
Contact details
Parth Ornaments Private Limited's registered office is in Surat, Gujarat. Its website is parthornaments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressParth House Nr. Bhavani Mandir Matawadi L. H. Road, Surat, Gujarat, India – 395006
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Parth Ornaments 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 Parth Ornaments is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Parth Ornaments Private Limited, buy the company report.
Financials of Parth Ornaments Private Limited
FY 2024 filings availableParth Ornaments Private Limited reported revenue of ₹646.4 Cr (up 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 93% growth in the latest year. EBITDA rose 33% 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 | ₹22.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.02 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Parth Ornaments Private Limited, buy the company report.
Board of directors of Parth Ornaments Private Limited
Parth Ornaments has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Vallabh Bhuva Also directs: Siven Jewels LLP, Ciyaza Industries Limited, Ciyaza Exports Private Limited and 1 more | Director | 24 Jul 2012 | 14 Years 3 Months | Current |
| Pratik Ghanshyambhai Vekariya | Director | 07 Jun 2019 | 7 Years 4 Months | Current |
| Amitbhai Damjibhai Dholariya | Director | 07 Jun 2019 | 7 Years 4 Months | Current |
| Alpeshbhai Vallabhbhai Bhuva Also directs: Siven Jewels LLP | Director | 24 Jul 2012 | 14 Years 3 Months | Current |
| Yogeshbhai Damjibhai Dholariya | Director | 24 Jul 2012 | 14 Years 3 Months | Current |
| Nilesh Khimjibhai Baldha Also directs: Ciyaza Industries Limited | Director | 24 Jul 2012 | 14 Years 3 Months | Current |
Peer comparison
Parth Ornaments Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shairu Gems Diamonds Private Limited | ₹652.94 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Utssav CZ Gold Jewels Limited | ₹647.67 Cr (FY 2025) | 89.0% | Mumbai, Maharashtra, India | |||
| Parth Ornaments Private Limitedthis company | ₹646.4 Cr (FY 2025) | ₹14.02 Cr | 2.2% | 93.0% | 206 | Surat, Gujarat, India |
| Sim Diam Private Limited | ₹644.08 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Chain-N-Chains Jewels Limited | ₹642.85 Cr (FY 2024) | 32.0% | Mumbai, Maharashtra, India | |||
| Shivnarayan Jewellers Private Limited | ₹640.06 Cr (FY 2025) | 29.0% | Hyderabad, Telangana, India | |||
| Kalash Gold and Ornaments Private Limited | ₹621.43 Cr (FY 2025) | 32.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Parth Ornaments Private Limited, buy the company report.
Auditor
Parth Ornaments Private Limited is audited by J D THUMAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J D THUMAR & CO | FY 2023 | 0156837W |
Shareholding
The shareholding of Parth Ornaments 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Parth Ornaments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2024 | 100990420 | Hdfc Bank Limited | ₹23.75 Cr | Open | |
| 31 Jan 2015 | 10550051 | Hdfc Bank Limited | ₹23.75 Cr | Open |
To see the full charge records of Parth Ornaments Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Parth Ornaments 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 Parth Ornaments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parth Ornaments Private Limited has a workforce of 206 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Parth Ornaments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP8228A1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parth Ornaments Private Limited, buy the company report.
Recent activity
Parth Ornaments Private Limited has 21 board changes on record since 2012: 7 appointments and 14 cessations. The latest: Chirag Jaysukhbhai Shekhliya ceased to be Additional Director on 29 Sep 2023.
15 earlier events are in the company report.
Frequently asked questions
Parth Ornaments 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 24 July 2012 (14+ years old) and is registered under CIN U36910GJ2012PTC071278.
Parth Ornaments has 7 current directors:
- Vipul Vallabh Bhuva - Director
- Pratik Ghanshyambhai Vekariya - Director
- Amitbhai Damjibhai Dholariya - Director
- Alpeshbhai Vallabhbhai Bhuva - Director
- Yogeshbhai Damjibhai Dholariya - Director
- Nilesh Khimjibhai Baldha - Director
- Vipul Gaurishankar Upadhyay - Director
The latest financial statements of Parth Ornaments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Parth Ornaments is 24AAGCP8228A1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Parth Ornaments is U36910GJ2012PTC071278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parth Ornaments was incorporated on 24 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Parth Ornaments by revenue are Shairu Gems Diamonds Private Limited, Utssav CZ Gold Jewels Limited, Sim Diam Private Limited, Chain-N-Chains Jewels Limited, Shivnarayan Jewellers Private Limited and 1 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Chirag Jaysukhbhai Shekhliya ceased to be Additional Director on 29 Sep 2023. Rohit Jaysukhbhai Shekhaliya ceased to be Additional Director on 29 Sep 2023. Daxaben Vipul Bhuva ceased to be Director on 23 Nov 2022. Parth Ornaments has 21 board changes on record in total.
Parth Ornaments can be reached through the website parthornaments.com. Its registered office is in Surat, Gujarat, India.
The registered office of Parth Ornaments is at Parth House Nr. Bhavani Mandir Matawadi L. H. Road, Surat, Gujarat, India – 395006.
Parth Ornaments operates in the consumer goods industry, in the watches and jewelry manufacturing segment.