Hurun India Rich List 2026 edition · 2 directors
- #432 Praful Pannalal Ranavat ₹8,500 Cr
- #1,545 Arvind Pannalal Ranawat & Family ₹1,300 Cr
Revenue · FY 2024
₹12.46 Cr
▲ 17% YoY
Net profit · FY 2024
₹58.33 Lakh
Net margin 4.7%
EBITDA · FY 2024
₹82.43 Lakh
EBITDA margin 6.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹61 Lakh
Issued & subscribed
Open charges
₹160.1 Cr
Secured borrowings
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
About Swarn Shilp Chains Private Limited
Data last updated:
Swarn Shilp Chains Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 19 September 2003 and has been in existence for over 23 years.
Its director Praful Pannalal Ranavat is #432 on the Hurun India Rich List 2026. Its director Arvind Pannalal Ranawat and Family is #1,545 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36996MH2003PTC142299. Its GSTIN is 27AAHCS5210L1Z8 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹61 Lakh. It was formerly known as Shanti Fashions Private Limited. It is led by directors Praful Pannalal Ranavat and Arvind Pannalal Ranawat.
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 9 Rajiv Industrial Estatesakaram Lanjekar Marg Sewri(W), Mumbai, Maharashtra, India – 400015.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.46 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹58.33 Lakh (net margin 4.7%) and EBITDA of ₹82.43 Lakh (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 155% over three years.
As per MCA filings, the company has open charges of ₹160.1 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.9 Cr; the latest was in March 2012. Its 10 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Mekong Trading Private Limited with revenue of ₹12.6 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swarnshilpchains.com.
Company Details of Swarn Shilp Chains Private Limited
CIN U36996MH2003PTC142299
Registration Number 142299
Incorporation Date 19 September 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN History of Swarn Shilp Chains Private Limited
Swarn Shilp Chains has one previous CIN (Corporate Identification Number): U18101MH2003PTC142299. The current CIN is U36996MH2003PTC142299, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36996MH2003PTC142299 | Current |
| U18101MH2003PTC142299 | Previous |
Recognitions & Rankings of Swarn Shilp Chains
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address9 Rajiv Industrial Estatesakaram Lanjekar Marg Sewri(W), Mumbai, Maharashtra, India – 400015
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
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Business Activity of Swarn Shilp Chains Private Limited
The main business activity of Swarn Shilp Chains is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Swarn Shilp Chains Private Limited FY 2025 filings available
Swarn Shilp Chains Private Limited reported revenue of ₹12.46 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹12.46 Cr ▲ 17%
Net profit · FY 2024
₹58.33 Lakh margin 4.7%
EBITDA · FY 2024
₹82.43 Lakh margin 6.6%
Compounded Annual Growth Rate (CAGR) of Swarn Shilp Chains Private Limited
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 155%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 19%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 155% over three years, including 17% growth in the latest year. EBITDA rose 25% 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 of Swarn Shilp Chains Private Limited
| 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 | ₹82.43 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹58.33 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 of Swarn Shilp Chains Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Swarn Shilp Chains are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Swarn Shilp Chains Private Limited
Swarn Shilp Chains has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praful Pannalal Ranavat Also directs: Swarn Shilp Chains & Jewellers Private Limited | Director | 27 Aug 2004 | 22 Years 1 Months | Current |
| Arvind Pannalal Ranawat | Director | 07 Jul 2004 | 22 Years 3 Months | Current |
Peer Comparison of Swarn Shilp Chains Private Limited
Swarn Shilp Chains Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mekong Trading Private Limited | ₹12.6 Cr (FY 2023) | •••• | •••• | 1247653.0% | •••• | Mumbai, Maharashtra, India |
| Atharv Gold Private Limited | ₹12.53 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Zever Tower Private Limited | ₹12.5 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Delhi, India |
| Nolkha Brothers Private Limited | ₹12.47 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Jaipur, Rajasthan, India |
| Tirupati Jewels India Private Limited | ₹12.46 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Swarn Shilp Chains Private Limited this company | ₹12.46 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Rajeshwari Silver Private Limited | ₹12.45 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Hupari, Maharashtra, India |
| TPR Gold & Diamonds Private Limited | ₹12.42 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | P.O Nattika, Chavakkad, Kerala, India |
| Am Ornaments Private Limited | ₹12.41 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Varanasi, Uttar Pradesh, India |
| Sardar Alankar Ornaments Private Limited | ₹12.4 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Kaimur, Bihar, India |
| C D Commodities Broking Limited | ₹12.37 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Swarn Shilp Chains by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Swarn Shilp Chains Private Limited
Swarn Shilp Chains Private Limited is audited by JAIN & TRIVEDI for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN & TRIVEDI | Locked | Locked | Locked |
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Ownership and Shareholding of Swarn Shilp Chains Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Swarn Shilp Chains Private Limited
Open charges
₹160.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 May 2013 | Others | ₹100 Cr | Open |
| 16 Jun 2011 | Canara Bank | ₹40 Cr | Open |
| 12 Jan 2005 | Allahabad Bank | ₹19 Cr | Open |
| 21 Jan 2004 | State Bank of Hyderabad | ₹1.1 Cr | Open |
Total charge records: 4 View all charges
Deals & Funding of Swarn Shilp Chains Private Limited
Swarn Shilp Chains Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.9 Cr; the latest was in March 2012.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹5.9 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Funding round | ₹5.9 Cr | Investors: Sampada Chemicals Ltd , Monteria Resort Private Limited , Elbert Reality Private Limited |
| Sep 2004 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Swarn Shilp Chains Private Limited
Employment history and EPFO contributions of people linked to Swarn Shilp Chains.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Swarn Shilp Chains Private Limited
Swarn Shilp Chains Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Praful Pannalal Ranavat was appointed as Director on 27 Aug 2004.
AGM
Swarn Shilp Chains Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Swarn Shilp Chains Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 100.00 Cr registered on 03 May 2013 with Charge ID 10427370 was modified on 09 Dec 2022.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 10427370 was registered on 03 May 2013.
Charges
A charge with Canara Bank of Rs. 40.00 Cr registered on 16 Jun 2011 with Charge ID 10294774 was modified on 19 Jul 2012.
Charges
A charge with Canara Bank amounted to Rs. 40.00 Cr with Charge ID 10294774 was registered on 16 Jun 2011.
Charges
A charge with Allahabad Bank of Rs. 19.00 Cr registered on 12 Jan 2005 with Charge ID 80002274 was modified on 19 Jul 2007.
Charges
A charge with Allahabad Bank amounted to Rs. 19.00 Cr with Charge ID 80002274 was registered on 12 Jan 2005.
Appointed
Praful Pannalal Ranavat was appointed as Director.
Appointed
Arvind Pannalal Ranawat was appointed as Director.
Charges
A charge with State Bank Of Hyderabad amounted to Rs. 1.10 Cr with Charge ID 90141221 was registered on 21 Jan 2004.
Incorporation
19 Sep 2003
Swarn Shilp Chains Private Limited was registered on 19 Sep 2003 with Roc Mumbai & aged 23 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Swarn Shilp Chains Private Limited
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MSME Payment Delays by Swarn Shilp Chains Private Limited
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Subsidiaries & Group Companies of Swarn Shilp Chains Private Limited
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Corporate group structure
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GST Compliance of Swarn Shilp Chains Private Limited
Swarn Shilp Chains has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS5210L1Z8 | Maharashtra | Active | 29 Aug 2021 |
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MCA Filings & Documents of Swarn Shilp Chains Private Limited
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MCA filings and documents
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Frequently Asked Questions about Swarn Shilp Chains Private Limited
Swarn Shilp Chains is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 19 September 2003 (23+ years old) and is registered under CIN U36996MH2003PTC142299.
Swarn Shilp Chains reported revenue of ₹12.46 Cr for FY 2024 (up 17% YoY).
Swarn Shilp Chains has 2 current directors:
- Praful Pannalal Ranavat - Director
- Arvind Pannalal Ranawat - Director
Swarn Shilp Chains reported a net profit of ₹58.33 Lakh (net margin 4.7%) and EBITDA of ₹82.43 Lakh (EBITDA margin 6.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Swarn Shilp Chains is 155% over three years. In the latest year (FY 2024) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Swarn Shilp Chains is 27AAHCS5210L1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Swarn Shilp Chains is U36996MH2003PTC142299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swarn Shilp Chains was incorporated on 19 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Swarn Shilp Chains has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.9 Cr; the latest was in March 2012.
The peers of Swarn Shilp Chains by revenue are Mekong Trading Private Limited, Atharv Gold Private Limited, Zever Tower Private Limited, Nolkha Brothers Private Limited, Tirupati Jewels India Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Praful Pannalal Ranavat was appointed as Director on 27 Aug 2004. Arvind Pannalal Ranawat was appointed as Director on 07 Jul 2004.