COMPANY INTELLIGENCE PROFILE
CORVI LED LIMITED
Mumbai-based LED lighting manufacturer (bulbs, tubes, panel and outdoor lights) under the Corvi brand, small unlisted public company (~₹10-25 Cr revenue) carrying bank-debt-funded negative net worth.
Corvi Led Limited, based in Mumbai, is a manufacturer of LED lighting products under the Corvi brand. Incorporated on July 25, 2014, it operates in the consumer electronics and durables sector. The company reports a revenue range of ₹10-25 Cr, though financial sources conflict on revenue direction. Corvi Led Limited maintains a negative net worth with high borrowings and has confirmed charges totaling approximately ₹6.5 Cr with Apna Sahakari Bank Limited. Legal records show no relevant litigation.
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Business Overview
- Corvi Led Limited manufactures LED lighting products under the "Corvi" brand — LED bulbs, tubes/linkable tube systems, surface and panel lights, motion-sensor fixtures, COB spots, concealed and 2x2 panel lights, tunable/3-in-1 colour-adjustable lights, and outdoor lighting.
- Official positioning: "Revolutionizing LED Design for Efficiency, Durability and Sustainability," emphasizing longer lifespan, energy savings, dimmable/flicker-free technology.
- Corporate trackers, Tofler/TheCompanyCheck, classify it under Consumer Electronics & Durables / Electronics Manufacturing, with a wholesale-trading activity code also noted.
- Source: official site corvi.com
- Tofler
- TheCompanyCheck.
Sector & Classification
Consumer Electronics & Durables / Electronics Manufacturing; principal activity described as manufacture of LED lighting fixtures (LED tubes, downlights, panel lights) with wholesale trading (Activity Code G1 per TheCompanyCheck). Exact NIC code not disclosed by either source — not obtained.
Directors & Key Management
Directors — source notes
Confirmed (2 sources agree): Vimal Jayant Soni (DIN 00249151) — Director & Shareholder, on board since incorporation (25 Jul 2014); Shlok Vimal Soni (DIN 09073440) — Director & Shareholder, appointed 01 Sep 2023; Kunal Avinash Kumthekar (DIN 00487540) — Nominee Director, appointed 21 Aug 2024; Hitesh Prakash Mutha (DIN 10744619) — Nominee Director, appointed 21 Aug 2024. Source: Tofler, TheCompanyCheck (director names, DINs and appointment dates match across both).
GST Registrations
Primary GSTIN: not obtained (could not be independently retrieved from knowyourgst.com, findgst.in, or mastersindia.co — pages returned 404/generic content, no actual record). PAN: AAFCC7218J (single-source, Tofler). Home state: presumed Maharashtra given Mumbai registered address, but not confirmed via a GSTIN record. #Registrations / status: not obtained. Status: partial (PAN only, no verified GSTIN).
Financials
CORVI LED LIMITED reports revenue in the ₹10-25 Cr range, despite conflicting growth data indicating either a growth of 96.78% or a decline of 26% YoY. The company struggles with a negative net worth of roughly −₹14.6 Cr and high borrowings of ₹35.4 Cr relative to its equity capital of ₹2.2 Cr. The gross margin is 21.91% and the net profit margin is 40.21%. The company has about 48 employees.
AI-generated, may contain errors.
- Source conflict noted. Tofler, as of Mar 2025, partly paywalled: Revenue range ₹10–25 Cr with cited "96.78%" revenue growth, exact figure locked
- Gross margin 21.91%, Operating margin 19.64%, Net profit margin 40.21%
- Balance sheet (₹ Cr) — Equity capital 2.2, Reserves −16.8, implying negative net worth of roughly −₹14.6 Cr, Total Borrowings 35.4, Total Assets 29.6
- ROCE −57.66%
- Debt-to-equity −1.29. TheCompanyCheck, FY2024, latest available: Revenue ₹11.52 Cr, down 26% YoY
- EBITDA/PAT locked (premium)
- Net worth not disclosed
- 48 employees per EPFO data (Feb 2025). NOTE: the two sources conflict on revenue direction, Tofler implies growth, TheCompanyCheck reports a 26% YoY decline for FY2024, — likely different reporting periods/methodologies
- Flagged as unresolved conflict rather than reconciled.
- Standalone vs consolidated not specified by either source.
- Overall picture: small-revenue company, ~₹10-25 Cr band, carrying meaningfully negative net worth and high borrowings relative to equity, ~₹35 Cr borrowings against ₹2.2 Cr paid-up capital.
Funding History
- Not obtained. No venture-capital/PE funding round, investor, or valuation data found on any source consulted, Tofler, TheCompanyCheck. Balance sheet suggests the company is bank-debt financed (see Charges) rather than equity/VC-funded.
Loans & Charges
- Open charge (s) confirmed with Apna Sahakari Bank Limited totaling approximately ₹6.5 Cr, per Tofler, 2 charges: ₹4.3 Cr and ₹2.2 Cr, both listed as created 30 Apr 2024.
- TheCompanyCheck separately reports total open charges of ₹6.52 Cr, matching amount, and total satisfied charges of ₹32.4 Cr, but lists different charge-creation dates, 22 Feb 2017 ₹4.28 Cr open; 30 Mar 2019 ₹2.24 Cr open; satisfied charges dated 2019-2020, and does not name the charge holder (locked).
- Status: partial — the aggregate open-charge amount (~₹6.5 Cr) is corroborated across both sources, but the creation dates conflict
- Charge holder identity, Apna Sahakari Bank Ltd, is single-sourced (Tofler only).
Credit Ratings
- Not obtained / none found. No CRISIL, ICRA, or CARE rating located on any source consulted
- TheCompanyCheck's ratings section is fully gated behind a premium plan, and no independent rating agency listing was found for this company.
Legal & Compliance
- None found (with caveat).
- An Indian Kanoon search for "Corvi Led Limited" surfaced only one hit — Hiralal Parbhudas vs Ganesh Trading Company And Ors., Bombay High Court, 6 Dec 1983, AIR 1984 BOM 218, a trademark-law case pre-dating the company's 2014 incorporation.
- This is almost certainly an unrelated keyword match, possibly the "Corvi"-adjacent brand terms or a mis-indexed result, rather than genuine litigation involving this entity, and should not be treated as a confirmed legal record for Corvi Led Limited.
Competitive Landscape
- LED/lighting-sector peers (India), roughly by scale: Signify Innovations India, Philips lighting, large MNC-scale, — signify.com
- Havells India / Lloyd Electric lighting division (large-cap) — havells.com
- Crompton Greaves Consumer Electricals, large-cap, listed, — crompton.co.in
- Bajaj Electricals lighting division, large-cap, listed, — bajajelectricals.com
- Orient Electric, mid-large, listed, — orientelectric.com
- Surya Roshni Ltd, mid-large, listed, LED + steel pipes, — suryaroshni.com
- Wipro Enterprises / Wipro Lighting, large, diversified, — wiprolighting.com. Corvi Led Limited, ~₹10-25 Cr revenue band, unlisted, is a small player relative to all of these listed/large-cap peers.
Frequently Asked Questions
What does Corvi Led Limited do?
Corvi Led Limited is a Mumbai-based LED lighting manufacturer that creates products such as bulbs, tubes, panel and outdoor lights under the Corvi brand.
What is the CIN of Corvi Led Limited?
The CIN of Corvi Led Limited is U74900MH2014PLC256575.
When was Corvi Led Limited incorporated?
Corvi Led Limited was incorporated on 25 July 2014.
What is the registered office address of Corvi Led Limited?
The registered office address of Corvi Led Limited is Ground Floor, Ganesh Building, Nr. Adhyaru Ind. Estate, Sun Mill Compound, S.J. Marg, Lower Parel (Delisle Road), Mumbai, Maharashtra to 400013.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.