| SHUBAL EXPRESS FINANCE LIMITED | Private company limited by shares | Dissolved |
| SHUBBERY COMPANY LIMITED | Private company limited by shares | Live |
| Hongkong Shubei Trading Co., Limited | | Live |
| Shubh Enterprises Limited | | Live |
| Shubham Exports HK Limited | Private company limited by shares | Live |
| SHUBHAM IMPEX CO., LIMITED | Private company limited by shares | Live |
| SHUBHAM INTERNATIONAL LIMITED | Private company limited by shares | Live |
| SHUBHAM OVERSEAS LIMITED | Private company limited by shares | Live |
| JAY SHUBHAM INTERNATIONAL PVT. LIMITED | Private company limited by shares | Live |
| Shri Shubham Limited | Private company limited by shares | Live |
| SHUBHAM TRADING CO. (HK) LIMITED | Private company limited by shares | Live |
| SHUBHAV BEVERAGES NORTH H K LIMITED | Private company limited by shares | Live |
| SHUBHKAMNA BUILDTECH LIMITED | Private company limited by shares | Live |
| SHUBO ELECTRONICS CO., LIMITED | Private company limited by shares | Live |
| ASAHI SHUBOLE (H.K.) INDUSTRIAL LIMITED | Private company limited by shares | Live |
| HK SHUBU LIMITED | Private company limited by shares | Live |