Mahak Diam Private Limited
About Mahak Diam Private Limited
Data last updated:
Mahak Diam 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 12 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51900GJ2011PTC078818. Its GSTIN is 24AAGCM9673E1Z9 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Suresh Jaat and Rajesh Surajkaran Jain.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.48 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net profit of ₹3.91 Lakh (net margin 0.2%) and EBITDA of ₹5.28 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 27% over five years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mahak Diam has one previous CIN (Corporate Identification Number): U51900MH2011PTC212251. The current CIN is U51900GJ2011PTC078818, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900GJ2011PTC078818 | Current |
| U51900MH2011PTC212251 | Previous |
Contact details
Mahak Diam Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3rd Floor Office – 302 Tulsi Somnath Mahadev Ni Sheri Mahidharpura, Haripura, Surat, Gujarat, India – 395003
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Mahak Diam 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 Mahak Diam 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 Mahak Diam Private Limited, buy the company report.
Financials of Mahak Diam Private Limited
FY 2025 filings availableMahak Diam Private Limited reported revenue of ₹24.48 Cr (down 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 74% fall in the latest year. EBITDA fell 24% 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 | ₹5.28 Lakh | ||||
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| Net Profit (PAT) | ₹3.91 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% | ||||
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To see the full financial statements and ratios of Mahak Diam Private Limited, buy the company report.
Board of directors of Mahak Diam Private Limited
Mahak Diam has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Jaat Also directs: Darsh Exim Private Limited | Director | 16 Dec 2023 | 2 Years 10 Months | Current |
| Rajesh Surajkaran Jain | Director | 01 Jun 2019 | 7 Years 5 Months | Current |
Auditor
Mahak Diam Private Limited is audited by J. SOMANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. SOMANI & CO. | FY 2023 | 114135W |
Shareholding
The shareholding of Mahak Diam Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahak Diam Private Limited, buy the company report.
Legal cases
Mahak Diam Private Limited has 3 court cases on record: 2 filed by Mahak Diam, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Income Tax Officer, Ward 1( and 1 other | Pending |
| Supreme Court | Appeal | Filed against the company by The Income Tax Officer Ward 1 (1) (3) Surat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Income Tax Officer, Ward 1( and 1 other | Disposed |
To see the full case history of Mahak Diam 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 Mahak Diam Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahak Diam has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCM9673E1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahak Diam Private Limited, buy the company report.
Recent activity
Mahak Diam Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Khushwant Keshrimal Jain ceased to be Director on 22 Dec 2023.
Frequently asked questions
Mahak Diam 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 12 January 2011 (15+ years old) and is registered under CIN U51900GJ2011PTC078818.
Mahak Diam has 2 current directors:
- Suresh Jaat - Director
- Rajesh Surajkaran Jain - Director
The latest financial statements of Mahak Diam 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 2015 are in the company report.
The GSTIN of Mahak Diam is 24AAGCM9673E1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahak Diam is U51900GJ2011PTC078818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahak Diam has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Mahak Diam was incorporated on 12 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Khushwant Keshrimal Jain ceased to be Director on 22 Dec 2023. Suresh Jaat ceased to be Additional Director on 21 Dec 2023. Suresh Jaat was appointed as Director on 16 Dec 2023. Mahak Diam has 8 board changes on record in total.
The registered office of Mahak Diam is at 3rd Floor Office – 302 Tulsi Somnath Mahadev Ni Sheri Mahidharpura, Haripura, Surat, Gujarat, India – 395003.
Mahak Diam operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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