The Company was originally incorporated on November 23, 2020 under the name and style of ÂJAY AMBE SUPERMARKETS PRIVATE LIMITEDÂ, pursuant to a certificate of incorporation dated November 23, 2020 issued by the Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on December 24, 2024 with a fresh certificate of incorporation dated February 25, 2025 issued by Registrar of Companies, Ahmedabad. Consequently, the name of the Company was changed to ÂJay Ambe Supermarkets LimitedÂ. The corporate identification number of our Company is U74999GJ2020PLC118385. MAJOR EVENTS: 2020 - Opened a store in Gandhinagar, Sector 06, in November 2020, targeting a larger urban market. - Acquired the business of partnership firm namely Jay Ambe Trading vide Business Sale and purchase Agreement dated January 25, 2021 along with all their assets and liabilities effective from February 01, 2021 - Started further operations w.e.f. February 01, 2021 from two additional stores, which were in existence on date of acquisition of the business of the firm, situated at Kudasan Gandhinagar and Visnagar 2021 - Introduced the first franchisee store with 16780 sqft carpet area (Biggest Store of Company) in Mehsana, pioneering the franchise model. - Launched a new store in Gota Ahmedabad. - Achieved turnover of Rs 21.78 Crores 2022 - Established the Rajkot 1st franchisee store, continuing the franchise growth strategy. - Launched the Prahaladnagar store in Ahmedabad, broadening the regional footprint. - Introduced a new store in Sargasan at Gandhinagar, reflecting sustained growth. - Opened the Rajkot 2nd franchisee store, furthering the franchisee model and market presence. - Opened a new store in Himmatnagar at Sabarkantha District, solidifying market presence. 2023 - Achieved turnover of Rs 32.83 crores 2024 - Introduced the Chandkheda store in Ahmedabad - Opened another franchisee store at Bhuj, entering new regional markets. - Opened the new store at Nana Chiloda, Ahmedabad, - Opened another store at Randesan, Gandhinagar, to further enhance market presence and accessibility. 2025 - Opened a New Franchisee store in Gandhidham (Kutch) in June, 2025 entering new regional markets. - Opened a new store in IIT (Gandhinagar) in July, 2025 as part of Business strategy |
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