DPIIT recognised startup Government of India
Startup India
Real Illusion LLP - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹61.69 Cr
▼ 35% YoY
Net profit · FY 2023
₹3.18 Cr
Net margin 5.2%
EBITDA · FY 2023
₹3.53 Cr
EBITDA margin 5.7%
Contribution obligation
₹1 Lakh
As per LLP agreement
Open charges
₹30 Cr
Secured borrowings
LLP age
7 yrs
Est. 2019
Employees · EPFO
36
Provident fund records
Designated partners
4
As per MCA filings
About Real Illusion LLP
Data last updated:
Real Illusion LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 24 July 2019 and has been in existence for over 7 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAQ-0520. Its GSTIN is 27ABAFR0678L1ZU (Maharashtra). The LLP holds 3 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Raj Ashit Zaveri and Anup Pravin Zaveri.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 247 E Floor 2 Plot 21 Panchratna Mama Parmanand Marg Opera House Girgaon, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹61.69 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹3.18 Cr (net margin 5.2%) and EBITDA of ₹3.53 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 185% over three years.
The LLP has about 36 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Real Illusion. As per MCA filings, the LLP has open charges of ₹30 Cr on record.
For more details, the LLP can be reached via its website realillusion.in.
Company details
LLPIN AAQ-0520
Incorporation Date 24 July 2019
Total Obligation of Contribution ₹1 Lakh
ROC Mumbai
Company Status Active
DPIIT Recognition Recognised Startup
Key People
Raj Ashit Zaveri Designated Partner Anup Pravin Zaveri Designated Partner Ashit Pravin Zaveri Designated Partner Recognitions & Rankings of Real Illusion
Contact details
Real Illusion LLP's registered office is in Mumbai, Maharashtra. Its website is realillusion.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address247 E Floor 2 Plot 21 Panchratna Mama Parmanand Marg Opera House Girgaon, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Real Illusion LLP, buy the company report.
Comprehensive company report
Real Illusion LLP - 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
Real Illusion operates one associated brand: Real Illusion. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lab-grown diamond manufacturing and sales with a focus on sustainability and ethical practices. | realillusion.in |
Financials of Real Illusion LLP
FY 2025 filings availableReal Illusion LLP reported revenue of ₹61.69 Cr (down 35% YoY) for FY 2023.
Revenue · FY 2023
₹61.69 Cr ▼ 35%
Net profit · FY 2023
₹3.18 Cr margin 5.2%
EBITDA · FY 2023
₹3.53 Cr margin 5.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 185%
EBITDA CAGR growth
1 year
▼ 85%
Revenue fell 35% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 185%. EBITDA fell 85% 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Income and Expenditure | ||||
| Turnover | ||||
| Other Income | ||||
| Total Income | ||||
| Purchases and Direct Costs | ||||
| Personnel Expenses | ||||
| Administrative Expenses | ||||
| Interest | ||||
| Depreciation | ||||
| Total Expenses | ||||
| Profit Before Tax | ||||
| Tax | ||||
| Profit After Tax | ₹3.18 Cr | |||
| 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| Net Profit Margin | 5.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Real Illusion LLP, buy the company report.
Designated partners of Real Illusion LLP
Real Illusion has 4 current designated partners and 3 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Ashit Zaveri | Designated Partner | 01 Apr 2024 | 2 Years 7 Months | Current |
| Anup Pravin Zaveri Also directs: Polarstar Exports Private Limited, Bharat Diamond Bourse, Diamond Exporters Association Limited and 3 more | Designated Partner | 24 Jul 2019 | 7 Years 3 Months | Current |
| Ashit Pravin Zaveri | Designated Partner | 01 Apr 2024 | 2 Years 7 Months | Current |
| Bela Anup Zaveri Also directs: Diamgrow Tech Private Limited | Designated Partner | 01 Apr 2024 | 2 Years 7 Months | Current |
Charges & borrowings
Open charges
₹30 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2021 | 101132874 | Indusind Bank Ltd. | ₹30 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Real Illusion LLP 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 Real Illusion LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Real Illusion LLP has a workforce of 36 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
-46.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 36 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Real Illusion LLP, buy the company report.
GST
Real Illusion has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABAFR0678L1ZU | Maharashtra | Active | 21 Sep 2019 |
| 08ABAFR0678L1ZU | Rajasthan | Active | 22 Oct 2019 |
| 24ABAFR0678L1Z0 | Gujarat | Active | 29 Dec 2020 |
To see the full GST registrations and return filing status of Real Illusion LLP, buy the company report.
Recent activity
Real Illusion LLP has 7 designated partner changes on record since 2019: 4 appointments and 3 cessations. The latest: Ashit Pravin Zaveri was appointed as Designated Partner on 01 Apr 2024.
AGM
Real Illusion Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Real Illusion Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Ashit Pravin Zaveri was appointed as Designated Partner.
Appointed
Bela Anup Zaveri was appointed as Designated Partner.
Appointed
Raj Ashit Zaveri was appointed as Designated Partner.
Ceased
Rushabh Nitinkumar Adani ceased to be Designated Partner.
Charges
A charge with Indusind Bank Ltd. amounted to Rs. 3,000.00 Lakh with Charge ID 101132874 was registered on 21 Sep 2021.
Ceased
Manish Patwa ceased to be Partner.
Ceased
Niranjan Nath Bhandari ceased to be Partner.
Appointed
Anup Pravin Zaveri was appointed as Designated Partner.
Incorporation
24 Jul 2019
Real Illusion Llp was registered on 24 Jul 2019 with Roc Mumbai I & aged 7 years 3 months as per MCA records.
Frequently asked questions
Real Illusion is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 24 July 2019 (7+ years old) and is registered under LLPIN AAQ-0520.
Real Illusion has 4 current designated partners:
- Raj Ashit Zaveri - Designated Partner
- Anup Pravin Zaveri - Designated Partner
- Ashit Pravin Zaveri - Designated Partner
- Bela Anup Zaveri - Designated Partner
The latest financial statements of Real Illusion on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Real Illusion is 27ABAFR0678L1ZU, registered in Maharashtra. The LLP has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08ABAFR0678L1ZU (Rajasthan), 24ABAFR0678L1Z0 (Gujarat).
The LLPIN (Limited Liability Partnership Identification Number) of Real Illusion is AAQ-0520. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Real Illusion was incorporated on 24 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashit Pravin Zaveri was appointed as Designated Partner on 01 Apr 2024. Bela Anup Zaveri was appointed as Designated Partner on 01 Apr 2024. Raj Ashit Zaveri was appointed as Designated Partner on 01 Apr 2024. Real Illusion has 7 designated partner changes on record in total.
Yes, Real Illusion is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Real Illusion can be reached through the website realillusion.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Real Illusion is at 247 E Floor 2 Plot 21 Panchratna Mama Parmanand Marg Opera House Girgaon, Mumbai, Maharashtra, India – 400004.
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