MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0073758
Sujhal Retail Private Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹43.9 Cr
▲ 114% YoY
Net profit · FY 2025
₹3.65 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹13.77 Lakh
EBITDA margin 0.3%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹28.25 Lakh
Issued & subscribed
Satisfied charges
₹20.91 Cr
No open charges
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Sujhal Retail Private Limited
Data last updated:
Sujhal Retail Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 19 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36911GJ2004PTC044919. Its GSTIN is 24AACCD1259P1ZH (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹28.25 Lakh. It was formerly known as Dee Cubes Diamonds Private Limited and Dee Cubes Diamonds Private Limited. It is led by directors Dharmessh Shah and Sujhal Dharmessh Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.9 Cr, a growth of 114% compared to the previous year. For the same year it recorded a net profit of ₹3.65 Lakh (net margin 0.1%) and EBITDA of ₹13.77 Lakh (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 24% over five years.
As per MCA filings, the company has satisfied charges of ₹20.91 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Sujhal Retail Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0073758). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sujhal.com.
Company details
CIN U36911GJ2004PTC044919
Registration Number 044919
Incorporation Date 19 October 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0073758
Name history
Sujhal Retail has undergone 2 name changes throughout its history. The company was previously known as Dee Cubes Diamonds Private Limited, and Dee Cubes Diamonds Private Limited.. The current legal name is Sujhal Retail Private Limited.
| Company Name | Status |
|---|---|
| Sujhal Retail Private Limited | Current |
| Dee Cubes Diamonds Private Limited | Previous |
| Dee Cubes Diamonds Private Limited. | Previous |
Recognitions & Rankings of Sujhal Retail
Contact details
Sujhal Retail Private Limited's registered office is in Ahmedabad, Gujarat. Its website is sujhal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address105 Shree Balaji Hights B/S – I.D.B.I. Bank, Near Swagat Cross Road C. G. Road, Ahmedabad, Gujarat, India – 380006
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Sujhal Retail Private Limited, buy the company report.
Comprehensive company report
Sujhal Retail Private 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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Business activity
The main business activity of Sujhal Retail 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 Sujhal Retail Private Limited, buy the company report.
Financials of Sujhal Retail Private Limited
FY 2025 filings availableSujhal Retail Private Limited reported revenue of ₹43.9 Cr (up 114% YoY) for FY 2025.
Revenue · FY 2025
₹43.9 Cr ▲ 114%
Net profit · FY 2025
₹3.65 Lakh margin 0.1%
EBITDA · FY 2025
₹13.77 Lakh margin 0.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 114%
3 years · compounded
▲ 6%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 18%
5 years · compounded
▼ 18%
Revenue rose 114% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA rose 15% 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 | ₹13.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.65 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Sujhal Retail Private Limited, buy the company report.
Board of directors of Sujhal Retail Private Limited
Sujhal Retail has 2 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 |
|---|---|---|---|---|
| Dharmessh Shah Also directs: Prismae Orro Private Limited | Director | 19 Oct 2004 | 22 Years 0 Months | Current |
| Sujhal Dharmessh Shah Also directs: Maxport Global Private Limited | Director | 17 Sep 2013 | 13 Years 1 Months | Current |
Peer comparison
Sujhal Retail Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goldman Infra Private Limited | ₹44.51 Cr (FY 2024) | -34.0% | Chandigarh, India | |||
| Nisarg Jewels Private Limited | ₹44.21 Cr (FY 2025) | 18.0% | Bhavnagar, Gujarat, India | |||
| Sujhal Retail Private Limitedthis company | ₹43.9 Cr (FY 2025) | ₹3.65 Lakh | 0.1% | 114.0% | Ahmedabad, Gujarat, India | |
| Sun Retail Limited | ₹43.5 Cr (FY 2025) | -57.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Sujhal Retail Private Limited, buy the company report.
Auditor
Sujhal Retail Private Limited is audited by Jwalin S. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jwalin S. Shah & Co. | FY 2023 | 192525 |
Shareholding
The shareholding of Sujhal Retail 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 Sujhal Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹20.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Aug 2014 | 10516276 | Indiabulls Housing Finance Limited | ₹2.59 Cr | Satisfied | |
| 17 Jul 2014 | 10511193 | Indiabulls Housing Finance Limited | ₹3.1 Cr | Satisfied | |
| 03 Jun 2013 | 10430012 | Kotak Mahindra Bank Limited | ₹4.21 Cr | Satisfied | |
| 01 May 2013 | 10430010 | Kotak Mahindra Bank Limited | ₹4.21 Cr | Satisfied | |
| 05 Sep 2011 | 10308918 | Indian Overseas Bank | ₹3.4 Cr | Satisfied |
To see the full charge records of Sujhal Retail Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sujhal Retail Private Limited has 2 court cases on record: 2 filed by Sujhal Retail. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Income Tax Officer Ward - 4(1)(1) Ahmedabad | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Disposed |
To see the full case history of Sujhal Retail Private 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 Sujhal Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sujhal Retail has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCD1259P1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sujhal Retail Private Limited, buy the company report.
Recent activity
Sujhal Retail Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Rameshkumar Manchandas Patel ceased to be Additional Director on 30 Sep 2019.
AGM
Sujhal Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sujhal Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Rameshkumar Manchandas Patel ceased to be Additional Director.
Charges
A charge registered on 01 May 2013 via Charge ID 10430010 with Kotak Mahindra Bank Limited was fully satisfied on 09 Mar 2018.
Charges
A charge registered on 18 Aug 2014 via Charge ID 10516276 with Indiabulls Housing Finance Limited was fully satisfied on 30 Nov 2017.
Charges
A charge registered on 17 Jul 2014 via Charge ID 10511193 with Indiabulls Housing Finance Limited was fully satisfied on 30 Nov 2017.
Charges
A charge with Indiabulls Housing Finance Limited amounted to Rs. 258.65 Lakh with Charge ID 10516276 was registered on 18 Aug 2014.
Charges
A charge with Indiabulls Housing Finance Limited amounted to Rs. 310.38 Lakh with Charge ID 10511193 was registered on 17 Jul 2014.
Charges
A charge registered on 03 Jun 2013 via Charge ID 10430012 with Kotak Mahindra Bank Limited was fully satisfied on 04 Jul 2014.
Ceased
Hetalkumar Narendrakumar Shah ceased to be Director.
Ceased
Kirtikumar Chhotalal Shah ceased to be Director.
Appointed
Sujhal Dharmessh Shah was appointed as Director.
10 earlier events are in the company report.
Frequently asked questions
Sujhal Retail is an active private limited company based in Ahmedabad, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 19 October 2004 (22+ years old) and is registered under CIN U36911GJ2004PTC044919.
Sujhal Retail has 2 current directors:
- Dharmessh Shah - Director
- Sujhal Dharmessh Shah - Director
The latest financial statements of Sujhal Retail 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 Sujhal Retail is 24AACCD1259P1ZH, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sujhal Retail is U36911GJ2004PTC044919. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sujhal Retail has 2 court cases on record: 2 filed by the company.
Sujhal Retail was incorporated on 19 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sujhal Retail by revenue are Goldman Infra Private Limited, Nisarg Jewels Private Limited, Sun Retail Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Rameshkumar Manchandas Patel ceased to be Additional Director on 30 Sep 2019. Hetalkumar Narendrakumar Shah ceased to be Director on 15 Oct 2013. Kirtikumar Chhotalal Shah ceased to be Director on 15 Oct 2013. Sujhal Retail has 7 board changes on record in total.
Yes, Sujhal Retail is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0073758).
Sujhal Retail can be reached through the website sujhal.com. Its registered office is in Ahmedabad, Gujarat, India.
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