Company Intelligence Profile
Dag Private Limited
DAG (est. 1993, formerly Delhi Art Gallery Private Limited) is India's leading art company — a dealer, gallerist and publisher of pre-modern and modern Indian art (18th–20th century), operating galleries/museums in New Delhi, Mumbai and New York, plus exhibitions, publishing and social-outreach programmes.
Last updated 6 September 2026
Dag Private Limited, established in 1993, is India's leading art company, dealing in pre-modern and modern Indian art from the 18th to 20th centuries with galleries in New Delhi, Mumbai, and New York. In FY2024, the company reported revenue of approximately ₹306.14 Crore, marking a 23% year-over-year growth, though net profit declined by 14.54%.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Dag Private Limited |
|---|---|
| CIN | U92199DL2003PTC119684 |
| PAN | AABCD8460F |
| Status | Active (compliant) |
| Listing | Not listed — unlisted private limited company; no stock-exchange listing found on any source. |
| Incorporated | 02 April 2003 |
| ROC | RoC Delhi |
| Sector (NIC) | Recreational, Cultural & Sporting Activities / Creative, Arts & Entertainment (NIC group ~R92/R1) — "engaged in making posters, paintings, motion pictures etc." per Tofler |
| Registered address | 1203–1206, Mohan Dev Building, 13 Tolstoy Marg, Connaught Place, New Delhi, Delhi 110001, India |
| Authorized capital | ₹5.0 Cr |
| Paid-up capital | ₹4.4–4.45 Cr |
Business Overview
- DAG (est. 1993, formerly Delhi Art Gallery Private Limited) is India's leading art company — a dealer, gallerist and publisher of pre-modern and modern Indian art (18th–20th century), operating galleries/museums in New Delhi, Mumbai and New York, plus exhibitions, publishing and social-outreach programmes
- Source: company site dagworld.com (meta description, twitter/og tags)
- Aggregators independently classify the registered activity as "Recreational, Cultural and Sporting Activities — making posters, paintings, motion pictures etc.", consistent with an art-dealing/gallery business
Directors
Confirmed by 2 sources (Tofler, Falconebiz), only 2 current directors on record — both also shareholders:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| **Ashish Anand** | 00479437 | Managing Director | 02 Apr 2003 |
| **Ashwani Anand** | 00479385 | Director | 16 Apr 2009 |
Financials
FY2024 (year ended 31 Mar 2024), standalone — figures from Tofler free-tier balance sheet + Falconebiz:
- Revenue: ~₹306.14 Cr per Falconebiz (23% YoY growth)
- EBITDA: absolute figure locked; YoY growth shown as +0.27%.
- Net Profit (PAT): absolute figure locked; YoY change shown as **-14.54%** (declined).
- Equity capital: ₹4.4 Cr; Reserves: ₹90.9 Cr.
- Total Borrowings: ₹257.8 Cr.
- Total Assets: ₹493.8 Cr; Current Assets: ₹478.3 Cr.
- Note: Falconebiz separately reports charge-based "Open Charges ₹182.7 Cr / Satisfied Charges ₹232.98 Cr" — these are MCA charge-registration figures, not balance-sheet borrowings; do not conflate with the ₹257.8 Cr borrowings figure above.
- EBITDA/PAT absolute values, and any consolidated-vs-standalone distinction beyond "standalone" label, remain unobtained (paywalled).
In the News
DAG Veterans and Military Families Caucus – September 2026 Newsletter
democratsabroad.org · 2 months ago
Horsham vs Dagenham & Redbridge: National League N / S stats & head-to-head
bbc.co.uk · 2 months ago
DAG’s ‘City as a Museum’ festival to showcase Delhi’s printmaking legacy | Latest News Delhi
Hindustan Times · 2 months ago
Helena Bonham Carter Has Been with Rye Dag Holmboe for Nearly 8 Years, and He’s About 21–22 Years Younger Than Her
Thought Catalog · 2 months ago
Dag Teigland Takes the Helm: New CEO for Elkem
foundry-planet.com · 2 months ago
Headlines about Dag Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges / Loans
Confirmed. Total charge-holder exposure is large and diversified across many small private-lender entities (RPT-style loans), e.g.:
- GYAN ENTERPRISES PRIVATE LIMITED — ₹30.0 Cr (3 charges)
- ART FOREVER PRIVATE LIMITED — ₹25.4 Cr (2 charges)
- WIDRAMAC SALES PRIVATE LIMITED — ₹12.0 Cr (1 charge)
- UNIPRAN SALES PRIVATE LIMITED — ₹11.5 Cr (2 charges) + a further ₹5.0 Cr charge dated 29 May 2025
- SAGELOCK INVESTMENTS PRIVATE LIMITED — ₹8.0 Cr (1 charge)
- BOOM WORKS COMMUNICATIONS INDIA PRIVATE LIMITED — ₹5.0 Cr (29 May 2025)
- FORTBRIDGE CONSULTING PRIVATE LIMITED — ₹0.8 Cr (16 May 2025); NICE FLATS PRIVATE LIMITED — ₹1.0 Cr (16 May 2025)
- Mrs. Renuka Daulet Singh (individual) — ₹3.0 Cr (02 May 2025); Iconic Creative Ventures Private Limited — ₹3.0 Cr (18 Mar 2025)
Falconebiz aggregate stat (96 total charge records; ₹182.7 Cr open / ₹232.98 Cr satisfied) roughly corroborates a large, active charge book but the two sources' totals aren't reconcilable line-by-line (aggregator differences flagged, per known data-source trap). "No open charges shown" is not asserted here — this entity clearly has open charges.
Legal
Confirmed (Indian Kanoon) — multiple Delhi High Court proceedings, entity appears as both petitioner and respondent (32 total matching documents on Indian Kanoon; top entries):
- DAG Private Limited vs. Ravi Shankar Institute For Music And Dance — W.P.(COMM) 274/2022, I.A. 10459/2022, hearings 11 Jul 2022, 29 May 2023, 14 Sep 2023, 16 Nov 2023.
- DAG Private Limited vs. Deputy Commissioner Of Income Tax — W.P.(C) 17819/2024 & CM No. 75845/2024, hearings 23 Dec 2024, 04 Mar 2025, 14 Jul 2025 (tax dispute, ongoing as of mid-2025).
- Ravi Shankar Institute For Music And Dance vs. DAG Private Limited — 01 Jun 2022 (reverse-caption filing of the same underlying dispute).
Full docket (remaining ~29 documents) not reviewed in depth; nature of most appears to be the same tenancy/premises dispute plus an income-tax writ.
Competitors
Indian modern/pre-modern art gallery & auction-house peers:
- Saffronart (Mumbai/Delhi/NYC) — comparable/larger, leading Indian art auction house, online + physical.
- AstaGuru (Mumbai) — comparable, major Indian art & collectibles auction house.
- Pundole's (Mumbai) — smaller/heritage auction house, narrower scale.
- Vadehra Art Gallery (New Delhi) — comparable-scale contemporary/modern art gallery.
- Nature Morte (New Delhi/Berlin) — smaller, contemporary-art-focused gallery.
- Christie's India / Sotheby's (international auction houses with active India-focused modern-art sales) — larger, global scale, indirect competitor for top-end Indian modern art.
Frequently Asked Questions
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