Harshit Gems Limited
About Harshit Gems Limited
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Harshit Gems Limited is a public 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 11 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36912GJ2009PLC057224. Its GSTIN is 24AACCH2246L1ZO (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Paras Mal Ranka and Atul Kumar Jain.
Its last annual general meeting (AGM) was held on 01 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 106 Santok Diamond Apartment Hatfalia Haripura, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.8 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.93 Lakh (net margin -0.2%) and EBITDA of -₹1.93 Lakh (EBITDA margin -0.2%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 24% over five years.
Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Harshit Gems Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address106 Santok Diamond Apartment Hatfalia Haripura, Surat, Gujarat, India – 395006
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Harshit Gems 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
Financials of Harshit Gems Limited
FY 2025 filings availableHarshit Gems Limited reported revenue of ₹7.8 Cr (up 259900% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years. EBITDA fell 32% 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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| Total Expenses | |||||
| EBITDA | -₹1.93 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.93 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 | -0.2% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Harshit Gems Limited, buy the company report.
Board of directors of Harshit Gems Limited
Harshit Gems has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paras Mal Ranka | Director | 08 Feb 2018 | 8 Years 9 Months | Current |
| Atul Kumar Jain | Director | 04 Jun 2019 | 7 Years 5 Months | Current |
| Namadev Ganpat Nivate Also directs: Mallesh Diamonds Private Limited | Director | 17 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Harshit Gems Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sujan Jewels Private Limited | ₹7.86 Cr (FY 2025) | 139.0% | Bengaluru, Karnataka, India | |||
| Midas Touch International Private Limited | ₹7.86 Cr (FY 2024) | 43.0% | Amritsar, Punjab, India | |||
| Mohan Prasad Jewellers Private Limited | ₹7.84 Cr (FY 2025) | 260.0% | Motihari, Bihar, India | |||
| C-Jineshwer Diamond Private Limited | ₹7.83 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Aadwik Jewellers Private Limited | ₹7.83 Cr (FY 2025) | -41.0% | Delhi, India | |||
| Harshit Gems Limitedthis company | ₹7.8 Cr (FY 2025) | -₹1.93 Lakh | -0.2% | 259900.0% | Surat, Gujarat, India | |
| Pahal Industries Private Limited | ₹7.78 Cr (FY 2024) | 49.0% | Nimbahera, Rajasthan, India | |||
| Shridham Distributors Private Limited | ₹7.77 Cr (FY 2020) | 340.0% | Delhi, India | |||
| Shilpi Crystal Collection Private Limited | ₹7.76 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| KNR Imports Private Limited | ₹7.75 Cr (FY 2024) | 321.0% | Delhi, India | |||
| Paradiso Jewels Private Limited | ₹7.75 Cr (FY 2025) | -36.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Harshit Gems Limited, buy the company report.
Auditor
Harshit Gems Limited is audited by KUSHAL MEHTA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUSHAL MEHTA & ASSOCIATES | FY 2019 | 138645W |
Shareholding
The shareholding of Harshit Gems Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Harshit Gems Limited, buy the company report.
Legal cases
Harshit Gems Limited has 7 court cases on record: 2 filed by Harshit Gems, 5 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax (Central), Surat | Pending |
| Supreme Court | Court case (0320-Direct Taxes Matter : Re-assessment/Revisional Power/Rectification) | Filed against the company by Assistant Commissioner of Income Tax Central Circle 3 | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Assistant Commissioner of Income Tax, Central Circle 3 | Disposed |
To see the full case history of Harshit Gems 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 Harshit Gems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harshit Gems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH2246L1ZO | Gujarat | Active | 01 Jul 2017 |
| 27AACCH2246L1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harshit Gems Limited, buy the company report.
Recent activity
Harshit Gems Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Padam Bhanwarlal Jain ceased to be Director on 07 Jun 2019.
Frequently asked questions
Harshit Gems is an active public 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 11 June 2009 (17+ years old) and is registered under CIN U36912GJ2009PLC057224.
Harshit Gems has 3 current directors:
- Paras Mal Ranka - Director
- Atul Kumar Jain - Director
- Namadev Ganpat Nivate - Director
The latest financial statements of Harshit Gems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Harshit Gems is 24AACCH2246L1ZO, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AACCH2246L1ZI (Maharashtra).
The CIN (Corporate Identification Number) of Harshit Gems is U36912GJ2009PLC057224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harshit Gems has 7 court cases on record: 2 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Harshit Gems was incorporated on 11 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Harshit Gems by revenue are Sujan Jewels Private Limited, Midas Touch International Private Limited, Mohan Prasad Jewellers Private Limited, C-Jineshwer Diamond Private Limited, Aadwik Jewellers Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Padam Bhanwarlal Jain ceased to be Director on 07 Jun 2019. Atul Kumar Jain was appointed as Director on 04 Jun 2019. Namadev Ganpat Nivate was appointed as Director on 17 Feb 2018. Harshit Gems has 9 board changes on record in total.
The registered office of Harshit Gems is at 106 Santok Diamond Apartment Hatfalia Haripura, Surat, Gujarat, India – 395006.
Harshit Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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