
Arman Gems Private Limited
About Arman Gems Private Limited
Data last updated:
Arman Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 09 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1987PTC044623.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.15 Lakh. It was formerly known as Shine Star Jewels Private Limited. It is led by directors Mahadev Sakharam Bhalekar and Dhaval Rajeshkumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Arman Gems Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No 523 5th Floor Building No 3 Ashtavinaya Co – Op Hous Soc Ltd Behind Hallmark Busi, Ness Plaza, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Arman Gems Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Arman Gems Private Limited
FY 2025 filings availableArman Gems Private Limited reported revenue of ₹528 (down 78% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 94% over five years, including a 78% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Arman Gems Private Limited, buy the company report.
Board of directors of Arman Gems Private Limited
Arman Gems has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadev Sakharam Bhalekar | Director | 27 Jan 2011 | 15 Years 9 Months | Current |
| Dhaval Rajeshkumar Shah | Additional Director | 08 Jul 2017 | 9 Years 4 Months | Current |
Peer comparison
Arman Gems Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intercarat Jewelry Private Limited | ₹580 (FY 2023) | -100.0% | Mumbai, Maharashtra, India | |||
| Arman Gems Private Limitedthis company | ₹528 (FY 2020) | -78.0% | Mumbai, Maharashtra, India | |||
| Gagalbhai Trading Private Limited | ₹286 (FY 2025) | -95.0% | Mumbai, Maharashtra, India | |||
| Astro Jewels Private Limited | ₹180 (FY 2025) | -100.0% | New Delhi, Delhi, India | |||
| Perkarat Private Limited | ₹170 (FY 2025) | -92.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Arman Gems Private Limited, buy the company report.
Auditor
Arman Gems Private Limited is audited by S KUMAR & A KUMAR for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S KUMAR & A KUMAR | FY 2015 | 119335W |
Shareholding
The shareholding of Arman Gems Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Arman Gems Private Limited, buy the company report.
Legal cases
Arman Gems Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Su-Jewel Exim Private Ltd. and Ors. | Disposed |
To see the full case history of Arman Gems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arman Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Arman Gems Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Arman Gems Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Amol Sukhdev Mandlik ceased to be Director on 10 Jul 2017.
Frequently asked questions
Arman Gems is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 09 September 1987 (39+ years old) and is registered under CIN U99999MH1987PTC044623.
Arman Gems has 2 current directors:
- Mahadev Sakharam Bhalekar - Director
- Dhaval Rajeshkumar Shah - Additional Director
The latest financial statements of Arman Gems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Arman Gems is U99999MH1987PTC044623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arman Gems has 1 court case on record: 1 filed against it.
Arman Gems was incorporated on 09 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Arman Gems by revenue are Intercarat Jewelry Private Limited, Gagalbhai Trading Private Limited, Astro Jewels Private Limited, Perkarat Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (retail trading).
Amol Sukhdev Mandlik ceased to be Director on 10 Jul 2017. Dhaval Rajeshkumar Shah was appointed as Additional Director on 08 Jul 2017. Krushna R Ambekar ceased to be Director on 03 Feb 2012. Arman Gems has 7 board changes on record in total.
The registered office of Arman Gems is at Room No 523 5th Floor Building No 3 Ashtavinaya Co – Op Hous Soc Ltd Behind Hallmark Busi, Ness Plaza, Mumbai, Maharashtra, India – 400051.
Arman Gems operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
The compliance status of Arman Gems is compliant as of 09 August 2026. The company is actively filing with the Registrar of Companies.

