Company Intelligence Profile
French Crown Private Limited
Surat-based premium D2C menswear brand French Crown Pvt Ltd (inc. 2021, founders Ilesh & Bhavdip Ghevariya), export-heavy (~84 countries) with ~₹58-72 Cr revenue, Velocity-funded, unrated and unlisted.
Last updated 6 September 2026
French Crown Private Limited is a Surat-based premium D2C menswear brand founded in 2017 by brothers Bhavdip and Ilesh Ghevariya, selling shirts, suits, ethnic wear and accessories across 84-plus countries, with over 60% of revenue from exports. The company reported FY2024 operating revenue of approximately Rs 57.65 crore, up 31% year on year, with a press-stated annual run-rate of around Rs 72 crore and approximately 20% net margin. It has received around Rs 8.6 crore in revenue-based financing from Velocity.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | French Crown Private Limited |
|---|---|
| CIN | U18101GJ2021PTC125125 |
| PAN | AAECF6978K (derived from GSTIN 24AAECF6978K1Z3; confirmed) |
| Status | Active (unlisted private company) |
| Listing | No — unlisted private limited company (Company Limited by Shares, Non-govt) |
| Incorporated | 26 August 2021 |
| ROC | RoC-Ahmedabad (Gujarat) |
| Sector (NIC) |
|
| Registered address | 3001-3002 RRTM, Phase B, Passage 2/2, Saroli Village, Taluka Chorasi, Surat Textile Market, Surat City, Surat, Gujarat 395002 |
| Authorized capital | ₹2,50,00,000 (₹2.5 crore) |
| Paid-up capital | ₹1,99,98,000 (~₹2.0 crore) |
Business Overview
- French Crown is a Surat-based premium/luxury menswear direct-to-consumer (D2C) brand, marketed as a sustainable "luxury fast-fashion" label
- The brand was launched in 2017 by brothers Bhavdip and Ilesh Ghevariya; the private limited entity was incorporated on 26 August 2021
- It sells shirts, suits, ethnic wear, trousers, boxers and accessories (3,000+ SKUs) primarily online via frenchcrown.com, with strong export orientation — reported presence in 84-91 countries and >60% of revenue from outside India
- The company appeared on Shark Tank India Season 1 (sought ₹1.5 crore for 0.33% equity, ~₹454 crore implied valuation) but did not secure a deal
Directors & DINs
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ilesh Bhikhabhai Ghevariya | 09294407 | Director | 26 Aug 2021 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 24AAECF6978K1Z3 | Gujarat | AAECF6978K (derived from GSTIN 24AAECF6978K1Z3; confirmed) | Active |
| 26AAECF6978K1ZZ | Dadra & Nagar Haveli and Daman & Diu | AAECF6978K (derived from GSTIN 24AAECF6978K1Z3; confirmed) | - |
Primary GSTIN: 24AAECF6978K1Z3 (Gujarat, home state), registered 01 Oct 2021, taxpayer type Regular/Private Limited, status Active. PAN: AAECF6978K. Registrations under PAN: 2 — Gujarat (24AAECF6978K1Z3) and Dadra & Nagar Haveli and Daman & Diu (26AAECF6978K1ZZ). Source: knowyourgst, piceapp.
Financials
- Standalone (no known subsidiaries)
- Latest available: FY2024 operating revenue ~₹57.65 crore, +31% YoY. Press reports cite an annual run-rate of ~₹72 crore with ~20% net margin
- FY2023: EBITDA up 216.06% YoY, book net worth up 7.09% YoY, revenue in the ₹1-100 crore band
- Exact EBITDA / PAT / net worth / borrowings figures: not obtained (behind paywalls)
- Treat revenue as partial/single-source; run-rate is press-stated
Funding
- Velocity revenue-based financing: initial ₹2 crore, ~₹8.6 crore total across tranches (~$1.31M, 2 rounds)
- Reported ₹30 crore Donear Suiting investment (2023) is DISPUTED — Donear Industries Ltd. denied it (Sept 2023)
- No Shark Tank deal
In the News
From the Treasure of Villena to the French Crown Jewels: The lucrative business of stealing pieces of history
english.elpais.com · 2 months ago
Louvre’s Apollo Gallery reopens after French Crown Jewels heist
Getaway Magazine · 3 months ago
Louvre's Apollo Gallery reopens after French Crown Jewels theft scandal
Yahoo News Singapore · 3 months ago
You Can Now Visit the Louvre Gallery Where the French Crown Jewels Were Stolen
Town & Country Magazine · 3 months ago
Louvre's Apollo Gallery reopens after French Crown Jewels theft scandal
Yahoo News Canada · 3 months ago
Headlines about French Crown 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
- Open/secured charges ~₹2.35 crore; satisfied charges ~₹2.49 crore
- Likely tied to Velocity/bank financing
- Charge-holder names and detailed charge IDs: not obtained
Legal / Litigation
- One case found on Indian Kanoon: French Crown Private Limited vs The State of Karnataka — Karnataka High Court, Criminal Petition No. 6993 of 2024, order dated 29 July 2024 (Justice M. Nagaprasanna)
- Entity described with Radha Raman Textile Market (RRTM) Surat address, consistent with this company
- Nature of dispute not fully detailed in the summary
Competitors
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