MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0002343
Sargam Musical Instruments Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.58 Cr
▲ 7% YoY
Net profit · FY 2024
₹47.96 Lakh
Net margin 2.9%
EBITDA · FY 2024
₹1.11 Cr
EBITDA margin 6.7%
Authorised capital
₹11 Lakh
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Open charges
₹1.61 Cr
Satisfied ₹1.48 Cr
Company age
15 yrs
Est. 2011
Directors on board
3
As per MCA filings
About Sargam Musical Instruments Limited
Data last updated:
Sargam Musical Instruments Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the musical instrument segment of the manufacturing sector. It was incorporated on 14 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36920GJ2011PLC066335. Its GSTIN is 24AAQCS1437A1ZN (Gujarat).
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors including Madhuben Satishbhai Rathod and Zenisha Thakr.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.58 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹47.96 Lakh (net margin 2.9%) and EBITDA of ₹1.11 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 9% over five years.
The company is associated with 1 brand: Sargam Musical Instruments. As per MCA filings, the company has open charges of ₹1.61 Cr and satisfied charges of ₹1.48 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 4 cases are pending.
Sargam Musical Instruments Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0002343). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sargammusical.com.
Company details
CIN U36920GJ2011PLC066335
Registration Number 066335
Incorporation Date 14 July 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0002343
Key People
Madhuben Satishbhai Rathod Director Zenisha Thakr Director Inamhusain Abbasbhai Marediya Additional Director Recognitions & Rankings of Sargam Musical Instruments
Contact details
Sargam Musical Instruments Limited's registered office is in Ahmedabad, Gujarat. Its website is sargammusical.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressF – 1 Sahajanand Complex Nr. Panchwati Petrol Pump, C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Musical Instrument
To see the full contact details of Sargam Musical Instruments Limited, buy the company report.
Comprehensive company report
Sargam Musical Instruments Limited - 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
Sargam Musical Instruments operates one associated brand: Sargam Musical Instruments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sale of musical instruments in Ahmedabad. | sargammusical.com |
Business activity
The main business activity of Sargam Musical Instruments is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Sargam Musical Instruments Limited, buy the company report.
Financials of Sargam Musical Instruments Limited
FY 2024 filings availableSargam Musical Instruments Limited reported revenue of ₹16.58 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹16.58 Cr ▲ 7%
Net profit · FY 2024
₹47.96 Lakh margin 2.9%
EBITDA · FY 2024
₹1.11 Cr margin 6.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 4%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 22%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 7% growth in the latest year. EBITDA rose 79% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹47.96 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sargam Musical Instruments Limited, buy the company report.
Board of directors of Sargam Musical Instruments Limited
Sargam Musical Instruments has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhuben Satishbhai Rathod | Director | 23 Jan 2012 | 14 Years 9 Months | Current |
| Zenisha Thakr | Director | 08 Mar 2022 | 4 Years 8 Months | Current |
| Inamhusain Abbasbhai Marediya Also directs: Markand Tradeventure LLP | Additional Director | 22 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Sargam Musical Instruments Limited is audited by MITESH K PATEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MITESH K PATEL & CO | FY 2023 | 138907W |
Shareholding
The shareholding of Sargam Musical Instruments Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sargam Musical Instruments Limited, buy the company report.
Charges & borrowings
Open charges
₹1.61 Cr
Satisfied charges
₹1.48 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2020 | 100344618 | Others | ₹85.62 Lakh | Open | |
| 04 Oct 2018 | 100215357 | Others | ₹47.3 Lakh | Open | |
| 04 Oct 2018 | 100215387 | Others | ₹28 Lakh | Open | |
| 07 Dec 2019 | 100307806 | Others | ₹1.28 Cr | Satisfied | |
| 13 Sep 2019 | 100493517 | Others | ₹20 Lakh | Satisfied |
To see the full charge records of Sargam Musical Instruments Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sargam Musical Instruments Limited has 12 court cases on record: 1 filed by Sargam Musical Instruments, 11 filed against it. 4 cases are pending and 8 are disposed.
Total cases
12
Filed by the company
1
Filed against the company
11
Pending
4
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 4 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Unity Small Finance Bank Limited. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by HDB Financial Services Ltd-Jagdish Kher | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Limited | Disposed |
To see the full case history of Sargam Musical Instruments Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sargam Musical Instruments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sargam Musical Instruments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAQCS1437A1ZN | Gujarat | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Sargam Musical Instruments Limited, buy the company report.
Recent activity
Sargam Musical Instruments Limited has 10 board changes on record since 2012: 5 appointments and 5 cessations. The latest: Inamhusain Abbasbhai Marediya was appointed as Additional Director on 22 Jan 2025.
Appointed
Inamhusain Abbasbhai Marediya was appointed as Additional Director.
Ceased
Kalpesh Jashubhai Thakar ceased to be Director.
Ceased
Neenaben Kalpeshbhai Thakar ceased to be Director.
AGM
Sargam Musical Instruments Limited last Annual general meeting of members was held on 31 Dec 2024 as per latest MCA records.
Filing
Sargam Musical Instruments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Zenisha Thakr was appointed as Director.
Charges
A charge registered on 07 Dec 2019 via Charge ID 100307806 with Others was fully satisfied on 20 Jan 2022.
Charges
A charge registered on 13 Sep 2019 via Charge ID 100493517 with Others was fully satisfied on 20 Jan 2022.
Charges
A charge with Others amounted to Rs. 85.62 Lakh with Charge ID 100344618 was registered on 29 Jun 2020.
Charges
A charge with Others amounted to Rs. 128.00 Lakh with Charge ID 100307806 was registered on 07 Dec 2019.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100493517 was registered on 13 Sep 2019.
Charges
A charge with Others amounted to Rs. 47.30 Lakh with Charge ID 100215357 was registered on 04 Oct 2018.
8 earlier events are in the company report.
Frequently asked questions
Sargam Musical Instruments is an active public limited company based in Ahmedabad, Gujarat, India. The company works in musical instrument, within the manufacturing industry. It was incorporated on 14 July 2011 (15+ years old) and is registered under CIN U36920GJ2011PLC066335.
Sargam Musical Instruments has 3 current directors:
- Madhuben Satishbhai Rathod - Director
- Zenisha Thakr - Director
- Inamhusain Abbasbhai Marediya - Additional Director
The latest financial statements of Sargam Musical Instruments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sargam Musical Instruments is 24AAQCS1437A1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Sargam Musical Instruments is U36920GJ2011PLC066335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sargam Musical Instruments has 12 court cases on record: 1 filed by the company and 11 filed against it. 4 are pending.
Sargam Musical Instruments was incorporated on 14 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Inamhusain Abbasbhai Marediya was appointed as Additional Director on 22 Jan 2025. Kalpesh Jashubhai Thakar ceased to be Director on 22 Jan 2025. Neenaben Kalpeshbhai Thakar ceased to be Director on 22 Jan 2025. Sargam Musical Instruments has 10 board changes on record in total.
Yes, Sargam Musical Instruments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0002343).
Sargam Musical Instruments can be reached through the website sargammusical.com. Its registered office is in Ahmedabad, Gujarat, India.
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