MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0050059
Diamond Elements Private Limited - consumer goods in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.02 Cr
▼ 23% YoY
Net profit · FY 2024
₹23.85 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹5.05 Cr
EBITDA margin 25.2%
Authorised capital
₹35.6 Cr
Registered with MCA
Paid-up capital
₹24.6 Cr
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
12
Provident fund records
Directors on board
3
As per MCA filings
About Diamond Elements Private Limited
Data last updated:
Diamond Elements Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 19 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36912GJ2015PTC083249. Its GSTIN is 24AAFCD3834R1Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35.6 Cr and a paid-up capital of ₹24.6 Cr. It is led by directors including Jayam Mahesh Sonani and Agastya Mahesh Sonani.
Its last annual general meeting (AGM) was held on 21 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 761 GIDC Ichchhapor Gate No. 2 Auro University Near Jnj Machines Bhatpor, Surat, Gujarat, India – 394510.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.02 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹23.85 Lakh (net margin 1.2%) and EBITDA of ₹5.05 Cr (EBITDA margin 25.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 27% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Diamond Elements. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending.
Diamond Elements Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0050059). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website diamondelements.com.
Company details
CIN U36912GJ2015PTC083249
Registration Number 083249
Incorporation Date 19 May 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0050059
Key People
Jayam Mahesh Sonani Director Agastya Mahesh Sonani Director Maheshkumar Bhagwanbhai Sonani Director Recognitions & Rankings of Diamond Elements
Contact details
Diamond Elements Private Limited's registered office is in Surat, Gujarat. Its website is diamondelements.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 761 GIDC Ichchhapor Gate No. 2 Auro University Near Jnj Machines Bhatpor, Surat, Gujarat, India – 394510
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Diamond Elements Private Limited, buy the company report.
Comprehensive company report
Diamond Elements Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Diamond Elements operates one associated brand: Diamond Elements. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies CVD diamonds for electronics, mechanical, and jewellery uses. | diamondelements.com |
Business activity
The main business activity of Diamond Elements is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Diamond Elements Private Limited, buy the company report.
Financials of Diamond Elements Private Limited
FY 2024 filings availableDiamond Elements Private Limited reported revenue of ₹20.02 Cr (down 23% YoY) for FY 2024.
Revenue · FY 2024
₹20.02 Cr ▼ 23%
Net profit · FY 2024
₹23.85 Lakh margin 1.2%
EBITDA · FY 2024
₹5.05 Cr margin 25.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 24%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 47%
5 years · compounded
▲ 11%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 47% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.85 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.2% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Diamond Elements Private Limited, buy the company report.
Board of directors of Diamond Elements Private Limited
Diamond Elements has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayam Mahesh Sonani | Director | 19 May 2015 | 11 Years 5 Months | Current |
| Agastya Mahesh Sonani Also directs: Sonani Energy Private Limited, Sonani Industries Private Limited, Superhard Research Centre Private Limited and 3 more | Director | 19 May 2015 | 11 Years 5 Months | Current |
| Maheshkumar Bhagwanbhai Sonani Also directs: Sonani Energy Private Limited, Sonani Industries Private Limited, Superhard Research Centre Private Limited and 1 more | Director | 19 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Diamond Elements Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Grandeur Jewels Private Limited | ₹20.1 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| DWS Jewellery Private Limited | ₹20.09 Cr (FY 2025) | 4.0% | Jaipur, Rajasthan, India | |||
| Rosetta Diamond Jewellery Private Limited | ₹20.04 Cr (FY 2025) | 25.0% | Surat, Gujarat, India | |||
| Diamond Elements Private Limitedthis company | ₹20.02 Cr (FY 2024) | ₹23.85 Lakh | 1.2% | -23.0% | 12 | Surat, Gujarat, India |
To see the full peer comparison of Diamond Elements Private Limited, buy the company report.
Auditor
Diamond Elements Private Limited is audited by B R VAGHASIA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R VAGHASIA & ASSOCIATES | FY 2020 | 146645W |
Shareholding
The shareholding of Diamond Elements Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Diamond Elements Private Limited, buy the company report.
Legal cases
Diamond Elements Private Limited has 3 court cases on record: 3 filed by Diamond Elements. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Employees State Insurance Corporation and 2 others | Pending |
| District court, SURAT, Gujarat | Court case (SPCS) | Filed by the company against an individual | Pending |
| High Court, GUJARAT | Court case (AO) | Filed by the company against an individual | Disposed |
To see the full case history of Diamond Elements 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 Diamond Elements Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Diamond Elements Private Limited has a workforce of 12 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
Employee growth
-7.69%
GST
Diamond Elements has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCD3834R1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diamond Elements Private Limited, buy the company report.
Recent activity
Diamond Elements Private Limited has 6 board changes on record since 2015: 4 appointments and 2 cessations. The latest: Amitkumar Narsinhbhai Patel ceased to be Director on 17 Jan 2025.
Ceased
Amitkumar Narsinhbhai Patel ceased to be Director.
AGM
Diamond Elements Private Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records.
Filing
Diamond Elements Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Khushboo Agarwal ceased to be Company Secretary.
Appointed
Amitkumar Narsinhbhai Patel was appointed as Director.
Appointed
Agastya Mahesh Sonani was appointed as Director.
Appointed
Jayam Mahesh Sonani was appointed as Director.
Appointed
Maheshkumar Bhagwanbhai Sonani was appointed as Director.
Incorporation
19 May 2015
Diamond Elements Private Limited was registered on 19 May 2015 with Roc Ahmedabad & aged 11 years 5 months as per MCA records.
Frequently asked questions
Diamond Elements is an active private limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 19 May 2015 (11+ years old) and is registered under CIN U36912GJ2015PTC083249.
Diamond Elements has 3 current directors:
- Jayam Mahesh Sonani - Director
- Agastya Mahesh Sonani - Director
- Maheshkumar Bhagwanbhai Sonani - Director
The latest financial statements of Diamond Elements on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 21 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Diamond Elements is 24AAFCD3834R1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Diamond Elements is U36912GJ2015PTC083249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diamond Elements has 3 court cases on record: 3 filed by the company. 2 are pending. Most are in the high courts.
Diamond Elements was incorporated on 19 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Diamond Elements by revenue are Grandeur Jewels Private Limited, DWS Jewellery Private Limited, Rosetta Diamond Jewellery Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Amitkumar Narsinhbhai Patel ceased to be Director on 17 Jan 2025. Khushboo Agarwal ceased to be Company Secretary on 01 Jun 2021. Amitkumar Narsinhbhai Patel was appointed as Director on 14 Mar 2016. Diamond Elements has 6 board changes on record in total.
Yes, Diamond Elements is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0050059).
Diamond Elements can be reached through the website diamondelements.com. Its registered office is in Surat, Gujarat, India.