Belly Gems Private Limited
About Belly Gems Private Limited
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Belly Gems Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 19 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36910GJ2020PTC114787. Its GSTIN is 24AAJCB1425A1ZF (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chandan Puniya and Shyoji Ram.
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 Office No.84 Rs No.365 – 366 Tps – 4 Fp – 50 Diamond World Tower – A Varachha Road, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2025, the company reported a revenue of ₹150.7 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹44.25 Lakh (net margin -0.3%) and EBITDA of -₹40.82 Lakh (EBITDA margin -0.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Company details
Contact details
Belly Gems Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No.84 Rs No.365 – 366 Tps – 4 Fp – 50 Diamond World Tower – A Varachha Road, Surat, Gujarat, India – 395006
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Belly 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
Business activity
The main business activity of Belly Gems 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 Belly Gems Private Limited, buy the company report.
Financials of Belly Gems Private Limited
FY 2025 filings availableBelly Gems Private Limited reported revenue of ₹150.7 Cr (down 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 64% fall in the latest year. EBITDA fell 389% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹40.82 Lakh | ||||
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| Net Profit (PAT) | -₹44.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Belly Gems Private Limited, buy the company report.
Board of directors of Belly Gems Private Limited
Belly Gems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandan Puniya Also directs: Nevildiam Exports Private Limited, Wonder Dia Gem Private Limited | Director | 19 Jul 2020 | 6 Years 3 Months | Current |
| Shyoji Ram | Director | 19 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Belly Gems Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Epko Multitrade Private Limited | ₹152.79 Cr (FY 2020) | -20.0% | Girgoan Mumbai, Maharashtra, India | |||
| Anil Kumar Nitish Kumar Jain Jewellers Private Limited | ₹151.38 Cr (FY 2025) | 26.0% | Lucknow, Uttar Pradesh, India | |||
| Belly Gems Private Limitedthis company | ₹150.7 Cr (FY 2025) | -₹44.25 Lakh | -0.3% | -64.0% | Surat, Gujarat, India | |
| Symbiote Diamond Multitrade Private Limited | ₹149.88 Cr (FY 2022) | -30.0% | Surat, Gujarat, India |
To see the full peer comparison of Belly Gems Private Limited, buy the company report.
Auditor
Belly Gems Private Limited is audited by Nikhil Bhandari & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nikhil Bhandari & Co. | FY 2023 | 137381W |
Shareholding
The shareholding of Belly Gems Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Belly Gems Private Limited, buy the company report.
Legal cases
Belly Gems Private Limited has 1 court case on record: 1 filed by Belly Gems. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Indusind Bank Ltd., | Pending |
To see the full case history of Belly 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 Belly Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Belly Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCB1425A1ZF | Gujarat | Active | 25 Aug 2020 |
To see the full GST registrations and return filing status of Belly Gems Private Limited, buy the company report.
Recent activity
Belly Gems Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Chandan Puniya was appointed as Director on 19 Jul 2020.
Frequently asked questions
Belly Gems is an active private limited company based in Surat, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 19 July 2020 (6+ years old) and is registered under CIN U36910GJ2020PTC114787.
Belly Gems has 2 current directors:
- Chandan Puniya - Director
- Shyoji Ram - Director
The latest financial statements of Belly 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 FY 2021 are in the company report.
The GSTIN of Belly Gems is 24AAJCB1425A1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Belly Gems is U36910GJ2020PTC114787. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Belly Gems has 1 court case on record: 1 filed by the company. 1 is pending.
Belly Gems was incorporated on 19 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Belly Gems by revenue are Epko Multitrade Private Limited, Anil Kumar Nitish Kumar Jain Jewellers Private Limited, Symbiote Diamond Multitrade Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Chandan Puniya was appointed as Director on 19 Jul 2020. Shyoji Ram was appointed as Director on 19 Jul 2020.
The registered office of Belly Gems is at Office No.84 Rs No.365 – 366 Tps – 4 Fp – 50 Diamond World Tower – A Varachha Road, Surat, Gujarat, India – 395006.
Belly Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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