- Business
- Charms Industries Limited engages in the business of agriculture products trading in India. The company deals in a diverse range of products including agricultural, horticultural, herbal, industrial, consumer durables, building materials, pharmaceuticals, engineering goods, chemicals, petrochemicals, rubber, plastics, polymers, textiles, precious metals, ferrous and non-ferrous metals, and stones and semiprecious stones; it previously operated as a full-fledged money changer trading in foreign currency and travelers cheques until the license cancellation by the Reserve Bank of India in February 2022, and commenced trading in sponge iron from April 2024 alongside existing activities. Founded in 1992 and headquartered in Ahmedabad, Gujarat, the company operates without manufacturing plants or group subsidiaries, listing its equity shares on the BSE under scrip code 531327. Recent developments include the appointment of Parth S Chauhan as executive director in 2024 to support day-to-day operations, a special resolution passed in September 2024 for 90% capital reduction with an application filed to the NCLT under process, and reporting nil sales alongside net losses of Rs 0.04 crore in the September 2025 quarter.