About Genashi Gems Private Limited
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Genashi Gems 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 03 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284383. Its GSTIN is 27AAGCG4742E1ZP (Maharashtra).
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹9.46 Cr. It is led by directors Jignesh Kantibhai Patel and Darshan Bhanuchandra Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at He – 8100 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.6 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹27.61 Lakh (net margin -1.2%) and EBITDA of -₹11.26 Lakh (EBITDA margin -0.5%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 34% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website genashigems.com.
Company details
Contact details
Genashi Gems Private Limited's registered office is in Mumbai, Maharashtra. Its website is genashigems.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHe – 8100 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Genashi 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 Genashi Gems 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 Genashi Gems Private Limited, buy the company report.
Financials of Genashi Gems Private Limited
FY 2024 filings availableGenashi Gems Private Limited reported revenue of ₹22.6 Cr (up 248% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 248% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA rose 68% 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 | -₹11.26 Lakh | ||||
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| Net Profit (PAT) | -₹27.61 Lakh | ||||
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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 | -0.5% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Genashi Gems Private Limited, buy the company report.
Board of directors of Genashi Gems Private Limited
Genashi Gems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Kantibhai Patel | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Darshan Bhanuchandra Shah | Director | 16 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Genashi 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 (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 |
|---|---|---|---|---|---|---|
| Parizaat Gold and Gems Private Limited | ₹22.86 Cr (FY 2025) | 158.0% | Delhi, India | |||
| Dania Oro Jewellery Private Limited | ₹22.61 Cr (FY 2015) | 9.0% | Mumbai, Maharashtra, India | |||
| Genashi Gems Private Limitedthis company | ₹22.6 Cr (FY 2024) | -₹27.61 Lakh | -1.2% | 248.0% | 5 | Mumbai, Maharashtra, India |
| Darshan Orna Limited | ₹22.5 Cr (FY 2025) | -7.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Genashi Gems Private Limited, buy the company report.
Auditor
Genashi Gems Private Limited is audited by V A PARIKH & ASSOCIATES LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V A PARIKH & ASSOCIATES LLP | FY 2019 | 112787W |
Shareholding
The shareholding of Genashi Gems Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Genashi Gems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Genashi Gems 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
No delayed payments to MSME suppliers are on our record for Genashi Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Genashi Gems Private Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Genashi Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG4742E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Genashi Gems Private Limited, buy the company report.
Recent activity
Genashi Gems Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Jignesh Kantibhai Patel was appointed as Director on 15 Sep 2020.
Frequently asked questions
Genashi Gems 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 03 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284383.
Genashi Gems has 2 current directors:
- Jignesh Kantibhai Patel - Director
- Darshan Bhanuchandra Shah - Director
The latest financial statements of Genashi Gems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Genashi Gems is 27AAGCG4742E1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Genashi Gems is U74999MH2016PTC284383. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Genashi Gems was incorporated on 03 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Genashi Gems by revenue are Parizaat Gold and Gems Private Limited, Dania Oro Jewellery Private Limited, Darshan Orna Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Jignesh Kantibhai Patel was appointed as Director on 15 Sep 2020. Rachna Vishal Doshi ceased to be Director on 21 Aug 2018. Geeta Shreyas Doshi ceased to be Director on 13 Apr 2018. Genashi Gems has 4 board changes on record in total.
Genashi Gems can be reached through the website genashigems.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Genashi Gems is at He – 8100 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Genashi Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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