Indian Company Master Data Made Simple
Panama Petrochem Limited
Panama Petrochem Limited has been active since 1982, providing more than 44 years of industry experience. The company is identified by CIN L23209GJ1982PLC005062 and reg. no. 5062. It falls under the category of company limited by shares. Its authorized share capital is ₹25.55 crore. It has a paid-up capital totaling ₹12.10 crore.
Its principal business sector is manufacture of coke; refined petroleum products and nuclear fuel. It is registered in Ahmedabad. The company’s incorporation address is Plot No 3303, Gidc Estate, Ankleshwar, Gujarat, India, 393002. Panama Petrochem Limited remains active and operational. Its PAN is registered as AACCP4358D. The firm is registered with LEI code 3358004XRSDP1JKD5I10. For correspondence, the registered email address is cs@panamapetro.com. At the helm are Pramod Kumar Maheshwari (CFO) and Samir Akbarali Rayani (CEO).
Company Overview
- CIN
- Date of Incorporation
- 09/03/1982
- Company Status
- Active
- RoC
- Ahmedabad
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹25,55,00,000.00
- Paid up Capital
- ₹12,09,87,196.00
- Activity
- Manufacture Of Coke; Refined Petroleum Products And Nuclear Fuel
- cs@panamapetro.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Dadra and Nagar Haveli and Daman and Diu | 26AACCP4358D1ZK | Active |
| Daman and Diu | 25AACCP4358D1ZM | Inactive |
| Gujarat | 24AACCP4358D2ZN | Active |
| 24AACCP4358D1ZO | Active | |
| Haryana | 06AACCP4358D1ZM | Inactive |
| Maharashtra | 27AACCP4358D1ZI | Active |
| 27AACCP4358D2ZH | Active | |
| Punjab | 03AACCP4358D1ZS | Inactive |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE305C01029 | PANAMA PETROCHEM LIMITED EQ NEW FV RS. 2/- | - | 12/10/2026 | PANAMA PETROCHM/SH VTG | ESVUFN |
| IN8305C01028 | PANAMA PETROCHEM LIMITED EQ NEW FV RS. 2/-LISTING/TRADG APRVL AWAITED | - | 12/10/2026 | PANAMA PETROCHM/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2018 | 31/03/2017 | 31/03/2008 |
|---|---|---|---|---|---|---|---|---|
| Net PPE | ₹34,077.00L | ₹30,808.00L | ₹26,869.00L | ₹24,663.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Debt | ₹654.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross PPE | ₹43,733.00L | ₹30,343.00L | ₹34,175.00L | ₹31,171.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Inventory | ₹66,864.00L | ₹40,923.00L | ₹49,151.00L | ₹32,405.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Debt | ₹11,086.00L | ₹3,260.00L | ₹2,601.00L | ₹44.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Common Stock | ₹1,210.00L | ₹1,210.00L | ₹1,210.00L | ₹1,210.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Debt | ₹7,790.00L | ₹249.00L | ₹2,549.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Share Issued | ₹604.94L | ₹604.94L | ₹604.94L | ₹604.94L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Assets | ₹1,91,873.00L | ₹1,52,395.00L | ₹1,40,937.00L | ₹1,23,478.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Capital Stock | ₹1,210.00L | ₹1,210.00L | ₹1,210.00L | ₹1,210.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Assets | ₹1,49,263.00L | ₹1,16,906.00L | ₹1,11,664.00L | ₹96,755.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Prepaid Assets | ₹11,033.00L | ₹3,606.00L | ₹6,827.00L | ₹5,891.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Working Capital | ₹1,08,862.00L | ₹94,333.00L | ₹82,352.00L | ₹69,588.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Invested Capital | ₹1,54,658.00L | ₹1,25,750.00L | ₹1,12,820.00L | ₹95,208.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Properties | ₹28,508.00L | ₹28,426.00L | ₹26,494.00L | ₹23,184.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Retained Earnings | ₹1,29,801.00L | ₹1,10,655.00L | ₹96,266.00L | ₹82,192.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Common Stock Equity | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,208.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Tangible Assets | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,207.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tangible Book Value | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,207.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Liabilities | ₹40,401.00L | ₹22,573.00L | ₹29,312.00L | ₹27,167.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Long Term Provisions | ₹314.00L | ₹242.00L | ₹192.00L | ₹145.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Stockholders Equity | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,208.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Equity Interest | ₹1,45,658.00L | ₹1,24,291.00L | ₹1,09,061.00L | ₹93,998.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Capitalization | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,208.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Hedging Assets Current | ₹43.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Investment Properties | ₹3,546.00L | ₹2,728.00L | ₹2,168.00L | ₹1,576.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Ordinary Shares Number | ₹604.94L | ₹604.94L | ₹604.94L | ₹604.94L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Non Current Assets | -₹1.00L | -₹1.00L | -₹1.00L | -₹1.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Non Current Assets | ₹42,610.00L | ₹35,489.00L | ₹29,273.00L | ₹26,723.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹7,136.00L | ₹16,705.00L | ₹9,459.00L | ₹9,653.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Construction In Progress | ₹5,568.00L | ₹2,381.00L | ₹374.00L | ₹1,478.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Accumulated Depreciation | -₹9,656.00L | -₹8,419.00L | -₹7,306.00L | -₹6,508.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Additional Paid In Capital | ₹9,018.00L | ₹9,018.00L | ₹9,018.00L | ₹9,018.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Short Term Investments | ₹1,129.00L | ₹1,403.00L | ₹3,835.00L | ₹12,559.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Machinery Furniture Equipment | ₹16,002.00L | ₹13,742.00L | ₹13,132.00L | ₹11,670.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹0.00L | ₹0.00L | ₹0.00L | ₹1.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹1,46,868.00L | ₹1,25,501.00L | ₹1,10,271.00L | ₹95,208.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹45,005.00L | ₹26,894.00L | ₹30,666.00L | ₹28,270.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹7,837.00L | ₹293.00L | ₹2,563.00L | ₹12.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹3,249.00L | ₹2,967.00L | ₹38.00L | ₹32.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹8,265.00L | ₹18,108.00L | ₹13,294.00L | ₹22,212.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹4,604.00L | ₹4,321.00L | ₹1,354.00L | ₹1,103.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2018 | 31/03/2017 | 31/03/2008 |
|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -₹12,370.00L | ₹13,491.00L | -₹7,728.00L | ₹17,423.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Changes In Cash | -₹9,645.00L | ₹7,239.00L | -₹161.00L | ₹3,475.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| End Cash Position | ₹7,136.00L | ₹16,705.00L | ₹9,459.00L | ₹9,653.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Financing Cash Flow | ₹4,502.00L | -₹7,786.00L | -₹4,042.00L | -₹9,603.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Investing Cash Flow | -₹7,209.00L | -₹1,186.00L | ₹6,676.00L | -₹7,872.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Cash Flow | -₹6,938.00L | ₹16,211.00L | -₹2,795.00L | ₹20,950.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Capital Expenditure | -₹5,432.00L | -₹2,720.00L | -₹4,933.00L | -₹3,527.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Beginning Cash Position | ₹16,705.00L | ₹9,459.00L | ₹9,653.00L | ₹6,188.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2018 | 31/03/2017 | 31/03/2008 |
|---|---|---|---|---|---|---|---|
| EBIT | ₹27,157.00L | ₹24,243.00L | ₹25,488.00L | ₹30,244.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| EBITDA | ₹28,536.00L | ₹25,480.00L | ₹26,471.00L | ₹31,187.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹1,479.74L |
| Diluted EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹51,539.00L | ₹44,409.00L | ₹38,104.00L | ₹48,121.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Pretax Income | ₹26,254.00L | ₹22,838.00L | ₹24,077.00L | ₹29,455.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tax Provision | ₹5,004.00L | ₹4,135.00L | ₹4,562.00L | ₹6,158.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Revenue | ₹3,06,426.00L | ₹2,79,289.00L | ₹2,35,674.00L | ₹2,24,872.00L | ₹1,34,581.26L | ₹83,350.11L | ₹22,269.00L |
| Cost Of Revenue | ₹2,54,887.00L | ₹2,34,880.00L | ₹1,97,570.00L | ₹1,76,751.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Expenses | ₹2,79,876.00L | ₹2,55,260.00L | ₹2,11,122.00L | ₹1,93,649.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Income | ₹452.00L | ₹574.00L | ₹480.00L | ₹287.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Expense | ₹903.00L | ₹1,405.00L | ₹1,411.00L | ₹789.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Income | ₹26,550.00L | ₹24,029.00L | ₹24,552.00L | ₹31,223.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹28,803.00L | ₹25,560.00L | ₹26,212.00L | ₹31,153.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized Income | ₹21,466.11L | ₹18,768.52L | ₹19,305.07L | ₹23,270.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Expense | ₹24,989.00L | ₹20,380.00L | ₹13,552.00L | ₹16,898.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Operating Revenue | ₹3,06,426.00L | ₹2,79,289.00L | ₹2,35,674.00L | ₹2,24,872.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Interest Income | -₹744.00L | -₹1,242.00L | -₹1,316.00L | -₹870.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items | -₹267.00L | -₹80.00L | ₹259.00L | ₹34.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic Average Shares | ₹604.94L | ₹604.94L | ₹604.94L | ₹604.94L | ₹0.00L | ₹0.00L | ₹0.00L |
| Diluted Average Shares | ₹604.94L | ₹604.94L | ₹604.94L | ₹604.94L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Other Finance Cost | ₹293.00L | ₹411.00L | ₹385.00L | ₹368.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Other Operating Expenses | ₹16,762.00L | ₹13,471.00L | ₹9,139.00L | ₹11,527.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Reconciled Depreciation | ₹1,379.00L | ₹1,237.00L | ₹983.00L | ₹943.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹2,54,887.00L | ₹2,34,880.00L | ₹1,97,570.00L | ₹1,76,751.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Rent Expense Supplemental | ₹91.00L | ₹100.00L | ₹164.00L | ₹154.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Tax Effect Of Unusual Items | -₹50.89L | -₹14.48L | ₹49.07L | ₹7.11L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Income Non Operating | ₹452.00L | ₹574.00L | ₹480.00L | ₹287.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Selling And Marketing Expense | ₹3,377.00L | ₹3,226.00L | ₹2,140.00L | ₹2,219.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Interest Expense Non Operating | ₹903.00L | ₹1,405.00L | ₹1,411.00L | ₹789.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Common Stockholders | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Continuous Operations | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| General And Administrative Expense | ₹855.00L | ₹761.00L | ₹634.00L | ₹564.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Selling General And Administration | ₹4,232.00L | ₹3,987.00L | ₹2,774.00L | ₹2,783.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹267.00L | -₹80.00L | ₹259.00L | ₹34.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | -₹744.00L | -₹1,242.00L | -₹1,316.00L | -₹870.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | ₹21,250.00L | ₹18,703.00L | ₹19,515.00L | ₹23,297.00L | ₹0.00L | ₹0.00L | ₹0.00L |
Company Performance (FY08–FY26)
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 01/06/2010 | Samir Akbarali Rayani | 00002674 | Managing Director | View other directorships |
| 01/06/2010 | Amirali Essabhai Rayani | 00002616 | Whole-time director | View other directorships |
| 08/12/2010 | Gayatri Sharma | *****8281H | Company Secretary | |
| 21/05/2014 | Pramod Kumar Maheshwari | *****2790B | CFO | |
| 26/09/2016 | Hussein Vazirali Rayani | 00172165 | Managing Director | View other directorships |
| 10/08/2018 | Kumar Raju Nandimandalam | 00829724 | Director | View other directorships |
| 01/08/2023 | Arif Amirali Rayani | 00245647 | Whole-time director | View other directorships |
| 01/08/2023 | Ashok Bhulchand Mukhi | 01262560 | Director | View other directorships |
| 01/08/2023 | Arvind Maganlal Shah | 01645534 | Director | View other directorships |
| 01/10/2023 | Samir Akbarali Rayani | *****8129G | CEO | |
| 13/02/2025 | Almas Satyen Nanda | 05329210 | Director | View other directorships |
Business Network
Directors 11
- Hussein Vazirali RayaniManaging Director
- Samir Akbarali RayaniManaging Director
- Arif Amirali RayaniWhole-time director
- Amirali Essabhai RayaniWhole-time director
- Almas Satyen NandaDirector
- Arvind Maganlal ShahDirector
- Ashok Bhulchand MukhiDirector
- Kumar Raju NandimandalamDirector
- Samir Akbarali RayaniCEO
- Pramod Kumar MaheshwariCFO
- Gayatri SharmaCompany Secretary
Subsidiaries 1
- Panol Industries Rmc FzeDirect
Latest Documents
| Date | Title | Size |
|---|---|---|
| 07/11/2024 | Form MGT-7-19092024 | - |
| 10/10/2024 | Form Addendum to AOC-4 CSR-10102024_signed | - |
| 19/09/2024 | Form MGT-7-19092024_signed | - |
| 11/09/2024 | Form AOC-4(XBRL)-02092024 | - |
| 02/09/2024 | Form AOC-4(XBRL)-02092024_signed | - |
Similar Companies
| Company | CIN | Address |
|---|---|---|
| Advance Petrochemicals Limited | L23200GJ1985PLC008013 | 36,koyhari Market Kankaria Road, Ahmedabad, Gujarat, India, 000000 |
| Benzo Petro International Limited | L23200GJ1991PLC016272 | 5 Welcome Shopping Centre Opp Punit Nagar Old Padra Road, Vadodara, Baroda, Gujarat, India, 390007 |
| Castrol India Limited | L23200MH1979PLC021359 | Technopolis Knowledge Parkmahakali Caves Road Andheri E, Mumbai, Maharashtra, India, 400093 |
| Indian Petrochemicals Corporation Limite D | L23200GJ1969PLC001569 | P.o. Petrochemicals-391345 Dist:vadodara Gj 000000 In |
| Novagold Petro-resources Limited | L23200GJ1994PLC022009 | A-202 Vrindavan Town Ship, Iskon Mandir Road, Gotri, Vadodara, Baroda, Gujarat, India, 390021 |
Direct/Ultimate Children
| Type | Legal Name | LEI code |
|---|---|---|
| Direct | Panol Industries Rmc Fze | 9845001136FE76752D51 |
Address
Frequently Asked Questions
The current board member of Panama Petrochem Limited are:
- Kumar Raju Nandimandalam
- Samir Akbarali Rayani
- Amirali Essabhai Rayani
- Hussein Vazirali Rayani
- Almas Satyen Nanda
- Arif Amirali Rayani
- Ashok Bhulchand Mukhi
- Arvind Maganlal Shah