About Suvarnakala Private Limited
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Suvarnakala 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 20 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U22219GJ1999PTC036754. Its GSTIN is 24AAECS7337K1Z3 (Gujarat).
The company has an authorised share capital of ₹10.75 Cr and a paid-up capital of ₹5.08 Cr. It is led by directors including Prakashchandra Shantilal Soni and Gunjan Prakashchandra Soni.
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 101 National Plaza Opp. Super Mall C. G. Road Navrangpura, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹341.79 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹14.23 Cr (net margin 4.2%) and EBITDA of ₹22.66 Cr (EBITDA margin 6.6%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 5% over five years.
The company has about 231 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Suvarnakala. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹61.3 Cr on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹16.9 Cr; the latest was in March 2024. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 40 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suvarnakala.com.
Company details
Contact details
Suvarnakala Private Limited's registered office is in Ahmedabad, Gujarat. Its website is suvarnakala.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 National Plaza Opp. Super Mall C. G. Road Navrangpura, Ahmedabad, Gujarat, India – 380006
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Suvarnakala 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
Brands
Suvarnakala operates one associated brand: Suvarnakala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Jewelry retail and design services in Ahmedabad. | suvarnakala.com |
Business activity
The main business activity of Suvarnakala 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 Suvarnakala Private Limited, buy the company report.
Financials of Suvarnakala Private Limited
FY 2025 filings availableSuvarnakala Private Limited reported revenue of ₹341.79 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 41% fall in the latest year. EBITDA fell 8% 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 |
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| EBITDA | ₹22.66 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹14.23 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Suvarnakala Private Limited, buy the company report.
Board of directors of Suvarnakala Private Limited
Suvarnakala has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakashchandra Shantilal Soni Also directs: P Soni Jewels LLP | Director | 20 Oct 1999 | 27 Years 0 Months | Current |
| Gunjan Prakashchandra Soni Also directs: Starck Corporation LLP, Vidhataa Solar Projects LLP, Veerbahu Solar Projects LLP and 4 more | Director | 20 Oct 1999 | 27 Years 0 Months | Current |
| Darshan Prakashchandra Soni Also directs: Starck Corporation LLP, Vidhataa Solar Projects LLP, Veerbahu Solar Projects LLP and 5 more | Director | 01 Sep 2007 | 19 Years 2 Months | Current |
Auditor
Suvarnakala Private Limited is audited by C. R. SHAREDALAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. R. SHAREDALAL & CO. | FY 2023 | 109943W |
Shareholding
The shareholding of Suvarnakala 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 Suvarnakala Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2024 | 101022222 | Others | ₹25 Cr | Open | |
| 07 Nov 2023 | 100821579 | Others | ₹5 Cr | Satisfied | |
| 03 Sep 2019 | 100294031 | Axis Bank Limited | ₹16.28 Lakh | Satisfied | |
| 19 Apr 2017 | 100099836 | Hdfc Bank Limited | ₹15 Cr | Satisfied | |
| 09 Mar 2016 | 100019370 | Yes Bank Limited | ₹12 Cr | Satisfied |
To see the full charge records of Suvarnakala Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Suvarnakala Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹16.9 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Mar 2011 | Funding round | ₹14.85 Cr | Investors: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Prakashchandra Shantilal Soni HUF |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Sep 2009 | Funding round | ₹90 Lakh | Investors: Prakashchandra Shantilal Soni HUF |
To see the full deal history of Suvarnakala Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Suvarnakala Private Limited has 11 court cases on record: 8 filed by Suvarnakala, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 0 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by The Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Deputy Commissioner of Income Tax Circle 4( and 1 other | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Assistant Commissioner of Income Tax | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax, Circle 4( | Disposed |
| District court, Mahesana, Gujarat | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Suvarnakala 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
Suvarnakala Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 40 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Swastik Jewellers | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Suvarnakala Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Suvarnakala Private Limited has a workforce of 231 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Suvarnakala has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECS7337K1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suvarnakala Private Limited, buy the company report.
Recent activity
Suvarnakala Private Limited has 6 board changes on record since 1999: 3 appointments and 3 cessations. The latest: Lata Kumari Nankani ceased to be Company Secretary on 31 Jul 2021.
19 earlier events are in the company report.
Frequently asked questions
Suvarnakala 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 20 October 1999 (27+ years old) and is registered under CIN U22219GJ1999PTC036754.
Suvarnakala has 3 current directors:
- Prakashchandra Shantilal Soni - Director
- Gunjan Prakashchandra Soni - Director
- Darshan Prakashchandra Soni - Director
The latest financial statements of Suvarnakala 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 Suvarnakala is 24AAECS7337K1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Suvarnakala is U22219GJ1999PTC036754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suvarnakala has 11 court cases on record: 8 filed by the company and 3 filed against it. Most are in the district courts.
Suvarnakala was incorporated on 20 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Suvarnakala has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹16.9 Cr; the latest was in March 2024.
Lata Kumari Nankani ceased to be Company Secretary on 31 Jul 2021. Ekta Ankit Patel ceased to be Company Secretary on 16 May 2018. Darshan Prakashchandra Soni ceased to be Additional Director on 29 Sep 2007. Suvarnakala has 6 board changes on record in total.
Suvarnakala has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 40 micro and small suppliers. The latest return was filed on 23 Oct 2022.
Suvarnakala can be reached through the website suvarnakala.com. Its registered office is in Ahmedabad, Gujarat, India.
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