Flatcut Diamonds Private Limited
About Flatcut Diamonds Private Limited
Data last updated:
Flatcut Diamonds 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 11 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2010PTC198773. Its GSTIN is 27AABCF4510E1Z5 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹26.56 Lakh. It is led by directors including Siddhant Kalpesh Shah and Hiren Chinubhai 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.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.78 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹10.55 Lakh (net margin 0.3%) and EBITDA of ₹50.97 Lakh (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address802 Rna Auroville Chs Ltd Bldg – B Cts G/217 Jain Derasar Marg Santacruz, West, Mumbai, Maharashtra, India – 400054
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Flatcut Diamonds Private Limited
The main business activities of Flatcut Diamonds are manufacturing and wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers other manufacturing and wholesale trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | Locked |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Flatcut Diamonds Private Limited FY 2025 filings available
Flatcut Diamonds Private Limited reported revenue of ₹30.78 Cr (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Flatcut Diamonds Private Limited
Revenue rose 34% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 13% 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 of Flatcut Diamonds Private Limited
| 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 | ₹50.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.55 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 of Flatcut Diamonds Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Flatcut Diamonds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Flatcut Diamonds Private Limited
Flatcut Diamonds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing, Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allcare Builders and Traders (India) Private Limited | ₹30.91 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Coimbatore, Tamil Nadu, India |
| Silverio Artesa Private Limited | ₹30.9 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Mumbai, Maharashtra, India |
| SJSP Jewellery Private Limited | ₹30.89 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Varanasi, Uttar Pradesh, India |
| Magnus Properties Private Limited | ₹30.8 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Irya Jewels Private Limited | ₹30.79 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Flatcut Diamonds Private Limited this company | ₹30.78 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Agra Silver Private Limited | ₹30.77 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Agra, Uttar Pradesh, India |
| Robust Marketing Services Private Limited | ₹30.75 Cr (FY 2025) | •••• | •••• | -82.0% | •••• | Pune City, Maharashtra, India |
| Yj Realty Private Limited | ₹30.7 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Goregaon East, Maharashtra, India |
| Mirkana Engineering Private Limited | ₹30.69 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Ab Diamonds India Private Limited | ₹30.62 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Flatcut Diamonds by revenue in the BFSI industry (Real Estate Leasing, Watches and Jewellery Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Flatcut Diamonds Private Limited
Flatcut Diamonds Private Limited is audited by RRAHUL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RRAHUL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Flatcut Diamonds Private Limited
Flatcut Diamonds has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddhant Kalpesh Shah Also directs: Suddhi Realtors Private Limited | Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Hiren Chinubhai Shah Also directs: Suddhi Realtors Private Limited | Director | 11 Jan 2010 | 16 Years 8 Months | Current |
| Chinubhai Mulchand Shah | Director | 11 Jan 2010 | 16 Years 8 Months | Current |
| Prasham Hiren Shah Also directs: Shree Gautam Labhdi Security Private Limited | Director | 21 Apr 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Flatcut Diamonds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Flatcut Diamonds Private Limited
Flatcut Diamonds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Flatcut Diamonds Private Limited
Employment history and EPFO contributions of people linked to Flatcut Diamonds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Flatcut Diamonds Private Limited
Flatcut Diamonds Private Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Prasham Hiren Shah ceased to be Additional Director on 30 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Flatcut Diamonds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Flatcut Diamonds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Flatcut Diamonds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Flatcut Diamonds Private Limited
Flatcut Diamonds has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF4510E1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AABCF4510E2ZA | Gujarat | Active | 29 Aug 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Flatcut Diamonds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Flatcut Diamonds Private Limited
Flatcut Diamonds 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 11 January 2010 (16+ years old) and is registered under CIN U93000MH2010PTC198773.
Flatcut Diamonds reported revenue of ₹30.78 Cr for FY 2024 (up 34% YoY).
Flatcut Diamonds has 4 current directors:
- Siddhant Kalpesh Shah - Director
- Hiren Chinubhai Shah - Director
- Chinubhai Mulchand Shah - Director
- Prasham Hiren Shah - Director
Flatcut Diamonds reported a net profit of ₹10.55 Lakh (net margin 0.3%) and EBITDA of ₹50.97 Lakh (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flatcut Diamonds is 39% over three years and -8% over five years. In the latest year (FY 2024) revenue rose 34%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Flatcut Diamonds is 27AABCF4510E1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AABCF4510E2ZA (Gujarat).
The CIN (Corporate Identification Number) of Flatcut Diamonds is U93000MH2010PTC198773. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flatcut Diamonds was incorporated on 11 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flatcut Diamonds by revenue are Allcare Builders and Traders (India) Private Limited, Silverio Artesa Private Limited, SJSP Jewellery Private Limited, Magnus Properties Private Limited, Irya Jewels Private Limited and 5 more, all in the BFSI industry (Real Estate Leasing, Watches and Jewellery Manufacturers).
Prasham Hiren Shah ceased to be Additional Director on 30 Sep 2017. Prasham Hiren Shah was appointed as Director on 21 Apr 2017. Diptiben Kalpeshbhai Shah ceased to be Director on 31 Mar 2017. Flatcut Diamonds has 8 board changes on record in total.
The registered office of Flatcut Diamonds is at 802 Rna Auroville Chs Ltd Bldg – B Cts G217 Jain Derasar Marg Santacruz, West, Mumbai, Maharashtra, India – 400054.