MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0023280
Zevar Ornaments Private Limited
Zevar Ornaments Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹22.97 Lakh
▼ 96% YoY
Net loss · FY 2025
₹7.24 Lakh
Net margin -31.5%
EBITDA · FY 2025
₹82,300
EBITDA margin 3.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹45 Lakh
Issued & subscribed
Open charges
₹14.82 Cr
Satisfied ₹30.72 Cr
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Zevar Ornaments Private Limited
Data last updated:
Zevar Ornaments 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 07 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36939MH1996PTC189910. Its GSTIN is 24AAACZ0782H1ZC (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It was formerly known as Zever Ornaments Private Limited. It is led by directors Mahavirkumar Nainmal Mehta and Kala Mahaveer Mehta.
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 Flat No. 12 2nd Floor Lokarchi Chawl – 12 Thakurdwar Road Fanas Wadi, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.97 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹7.24 Lakh (net margin -31.5%) and EBITDA of ₹82,300 (EBITDA margin 3.6%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 62% over five years.
As per MCA filings, the company has open charges of ₹14.82 Cr and satisfied charges of ₹30.72 Cr on record.
Zevar Ornaments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0023280). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36939MH1996PTC189910
Registration Number 189910
Incorporation Date 07 October 1996
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
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0023280
CIN history
Zevar Ornaments has one previous CIN (Corporate Identification Number): U36939GJ1996PTC030884. The current CIN is U36939MH1996PTC189910, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36939MH1996PTC189910 | Current |
| U36939GJ1996PTC030884 | Previous |
Recognitions & Rankings of Zevar Ornaments
Contact details
Zevar Ornaments Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. 12 2nd Floor Lokarchi Chawl – 12 Thakurdwar Road Fanas Wadi, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Zevar Ornaments Private Limited, buy the company report.
Comprehensive company report
Zevar Ornaments 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 Zevar Ornaments 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 Zevar Ornaments Private Limited, buy the company report.
Financials of Zevar Ornaments Private Limited
FY 2025 filings availableZevar Ornaments Private Limited reported revenue of ₹22.97 Lakh (down 96% YoY) for FY 2025.
Revenue · FY 2025
₹22.97 Lakh ▼ 96%
Net loss · FY 2025
₹7.24 Lakh margin -31.5%
EBITDA · FY 2025
₹82,300 margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 78%
5 years · compounded
▼ 62%
EBITDA CAGR growth
1 year
▼ 97%
3 years · compounded
▼ 82%
5 years · compounded
▼ 64%
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 96% fall in the latest year. EBITDA fell 97% 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 | |||||
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| Total Expenses | |||||
| EBITDA | ₹82,300 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 3.6% | ||||
| Net Profit Margin | -31.5% | ||||
| 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 Zevar Ornaments Private Limited, buy the company report.
Board of directors of Zevar Ornaments Private Limited
Zevar Ornaments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahavirkumar Nainmal Mehta | Director | 07 Oct 1996 | 30 Years 0 Months | Current |
| Kala Mahaveer Mehta | Director | 23 Dec 2015 | 10 Years 10 Months | Current |
Auditor
Zevar Ornaments Private Limited is audited by AGARWAL GOYAL & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL GOYAL & CO. | FY 2022 | 116930W |
Shareholding
The shareholding of Zevar Ornaments Private 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 Zevar Ornaments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.82 Cr
Satisfied charges
₹30.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2022 | 100645798 | Yes Bank Limited | ₹5.4 Cr | Open | |
| 23 Nov 2021 | 100506382 | Yes Bank Limited | ₹9.42 Cr | Open | |
| 26 Nov 2007 | 10086493 | Hdfc Bank Limited | ₹9.36 Cr | Satisfied | |
| 09 Oct 2007 | 10071904 | Hdfc Bank Limited | ₹9.36 Cr | Satisfied | |
| 24 Feb 2006 | 10011170 | Icici Bank Limited | ₹3 Cr | Satisfied |
To see the full charge records of Zevar Ornaments Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Zevar Ornaments Private Limited 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
Zevar Ornaments Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Zevar Ornaments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Zevar Ornaments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACZ0782H1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zevar Ornaments Private Limited, buy the company report.
Recent activity
Zevar Ornaments Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Veena Prakashji Punmiya ceased to be Director on 18 Jun 2018.
AGM
Zevar Ornaments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Zevar Ornaments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Yes Bank Limited amounted to Rs. 539.60 Lakh with Charge ID 100645798 was registered on 16 Nov 2022.
Charges
A charge registered on 26 Nov 2007 via Charge ID 10086493 with Hdfc Bank Limited was fully satisfied on 17 May 2022.
Charges
A charge registered on 09 Oct 2007 via Charge ID 10071904 with Hdfc Bank Limited was fully satisfied on 17 May 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 942.00 Lakh with Charge ID 100506382 was registered on 23 Nov 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 936.00 Lakh registered on 09 Oct 2007 with Charge ID 10071904 was modified on 07 Dec 2020.
Charges
A charge with Hdfc Bank Limited of Rs. 936.00 Lakh registered on 26 Nov 2007 with Charge ID 10086493 was modified on 09 Nov 2020.
Ceased
Veena Prakashji Punmiya ceased to be Director.
Appointed
Kala Mahaveer Mehta was appointed as Director.
Ceased
Ramanuj Parasram Bhattar ceased to be Director.
Charges
A charge registered on 24 Feb 2006 via Charge ID 10011170 with Icici Bank Limited was fully satisfied on 09 Sep 2008.
16 earlier events are in the company report.
Frequently asked questions
Zevar Ornaments 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 07 October 1996 (30+ years old) and is registered under CIN U36939MH1996PTC189910.
Zevar Ornaments has 2 current directors:
- Mahavirkumar Nainmal Mehta - Director
- Kala Mahaveer Mehta - Director
The latest financial statements of Zevar Ornaments 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 Zevar Ornaments is 24AAACZ0782H1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Zevar Ornaments is U36939MH1996PTC189910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zevar Ornaments was incorporated on 07 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Veena Prakashji Punmiya ceased to be Director on 18 Jun 2018. Kala Mahaveer Mehta was appointed as Director on 23 Dec 2015. Ramanuj Parasram Bhattar ceased to be Director on 03 Dec 2015. Zevar Ornaments has 4 board changes on record in total.
Yes, Zevar Ornaments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0023280).
Zevar Ornaments has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 May 2019.
The registered office of Zevar Ornaments is at Flat No. 12 2nd Floor Lokarchi Chawl – 12 Thakurdwar Road Fanas Wadi, Mumbai, Maharashtra, India – 400002.
Zevar Ornaments operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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