Ashi Diamonds (India) Private Limited
About Ashi Diamonds (India) Private Limited
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Ashi Diamonds (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 15 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH1993PTC071605. Its GSTIN is 27AAACA6837E1ZT (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹38.5 Lakh. It is led by directors including Vikrant Patni and Sanjay Kumar Pandya.
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 Fe 3013 3rd Floor Bharat Diamond Bourse Fe – Tower BKC Road G Block Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.97 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.76 Cr (net margin -6.5%) and EBITDA of -₹1.85 Cr (EBITDA margin -6.9%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ashi Diamonds (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFe 3013 3rd Floor Bharat Diamond Bourse Fe – Tower BKC Road G Block Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Ashi Diamonds (India) 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
Business activity
The main business activity of Ashi Diamonds (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ashi Diamonds (India) Private Limited, buy the company report.
Financials of Ashi Diamonds (India) Private Limited
FY 2025 filings availableAshi Diamonds (India) Private Limited reported revenue of ₹26.97 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 303% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.85 Cr | ||||
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| Net Profit (PAT) | -₹1.76 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -6.9% | ||||
| Net Profit Margin | -6.5% | ||||
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To see the full financial statements and ratios of Ashi Diamonds (India) Private Limited, buy the company report.
Board of directors of Ashi Diamonds (India) Private Limited
Ashi Diamonds (India) has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Patni Also directs: Avashi Gems Private Limited, Avalon Solutions Private Limited | Director | 10 May 2001 | 25 Years 5 Months | Current |
| Sanjay Kumar Pandya | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Rajeev Kumar Pandya | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Asha Rani Pandya Also directs: Avalon Solutions Private Limited, Ashi Jewellery Private Limited | Director | 15 Apr 1993 | 33 Years 6 Months | Current |
Peer comparison
Ashi Diamonds (India) Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Av Diamonds Private Limited | ₹27 Cr (FY 2025) | 84.0% | Mumbai, Maharashtra, India | |||
| Ashi Diamonds (India) Private Limitedthis company | ₹26.97 Cr (FY 2024) | -₹1.76 Cr | -6.5% | 13.0% | Mumbai, Maharashtra, India | |
| Hab Ornaments Private Limited | ₹26.96 Cr (FY 2025) | 58.0% | Bareilly, Uttar Pradesh, India | |||
| Shree Padmanabham Jewels & Infra Private Limited | ₹26.93 Cr (FY 2025) | 144.0% | Howrah, West Bengal, India | |||
| Pinbel Trading Private Limited | ₹26.84 Cr (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Auracious Jewels Private Limited | ₹26.82 Cr (FY 2025) | 71.0% | Delhi, India |
To see the full peer comparison of Ashi Diamonds (India) Private Limited, buy the company report.
Auditor
Ashi Diamonds (India) Private Limited is audited by RMJ & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RMJ & ASSOCIATES LLP | FY 2022 | W100281 |
Shareholding
The shareholding of Ashi Diamonds (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashi Diamonds (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ashi Diamonds (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Ashi Diamonds (India) Private Limited has 7 MSME Form 1 returns on record between 2017 and 2022, listing 120 overdue payments to 29 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Master Daim | |||
| Mendas Diamonds Private Limited | |||
| Dhara Export | |||
| an individual supplier | |||
| Sarju Impex |
To see the full MSME payment records of Ashi Diamonds (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ashi Diamonds (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA6837E1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashi Diamonds (India) Private Limited, buy the company report.
Recent activity
Ashi Diamonds (India) Private Limited has 7 board changes on record since 1993: 4 appointments and 3 cessations. The latest: Rajeev Kumar Pandya ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Ashi Diamonds (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 15 April 1993 (33+ years old) and is registered under CIN U36912MH1993PTC071605.
Ashi Diamonds (India) has 4 current directors:
- Vikrant Patni - Director
- Sanjay Kumar Pandya - Director
- Rajeev Kumar Pandya - Director
- Asha Rani Pandya - Director
The latest financial statements of Ashi Diamonds (India) 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 GSTIN of Ashi Diamonds (India) is 27AAACA6837E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashi Diamonds (India) is U36912MH1993PTC071605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashi Diamonds (India) was incorporated on 15 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashi Diamonds (India) by revenue are Av Diamonds Private Limited, Hab Ornaments Private Limited, Shree Padmanabham Jewels & Infra Private Limited, Pinbel Trading Private Limited, Auracious Jewels Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Rajeev Kumar Pandya ceased to be Additional Director on 29 Sep 2024. Sanjay Kumar Pandya ceased to be Additional Director on 29 Sep 2024. Rajeev Kumar Pandya was appointed as Director on 22 Nov 2023. Ashi Diamonds (India) has 7 board changes on record in total.
Ashi Diamonds (India) has 7 MSME Form 1 returns on record between 2017 and 2022, listing 120 overdue payments to 29 micro and small suppliers. The latest return was filed on 13 Nov 2022.
The registered office of Ashi Diamonds (India) is at Fe 3013 3rd Floor Bharat Diamond Bourse Fe – Tower BKC Road G Block Bandra East, Mumbai, Maharashtra, India – 400051.
Ashi Diamonds (India) operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
The compliance status of Ashi Diamonds (India) is compliant as of 26 September 2026. The company is actively filing with the Registrar of Companies.
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