About Mihir Gems Private Limited
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Mihir 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 05 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2008PTC284624. Its GSTIN is 27AACCN6584F1Z8 (Maharashtra).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹79.45 Lakh. It was formerly known as Newlook Sales Private Limited. It is led by directors Dhaval Suresh Shah and Mihir Suresh 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 Bc 2071/2072 Bharat Diamond Bourse G – Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.36 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 54.3%) and EBITDA of ₹1.62 Cr (EBITDA margin 68.5%). Revenue has grown at a compounded annual rate (CAGR) of 128% over three years and 85% over five years.
The company is associated with 2 brands: Mihir Jewellers and Mihir Gems.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mihirgems.com.
Company details
CIN history
Mihir Gems has one previous CIN (Corporate Identification Number): U51109WB2008PTC121448. The current CIN is U51109MH2008PTC284624, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2008PTC284624 | Current |
| U51109WB2008PTC121448 | Previous |
Contact details
Mihir Gems Private Limited's registered office is in Mumbai, Maharashtra. Its website is mihirgems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBc 2071/2072 Bharat Diamond Bourse G – Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Mihir 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
Brands
Mihir Gems operates two associated brands: Mihir Jewellers and Mihir Gems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of earrings, necklaces, and rings | mihirjewellers.com | |
| Diamonds are supplied to retailers, jewellery houses, and traders. | mihirgems.com |
Financials of Mihir Gems Private Limited
FY 2025 filings availableMihir Gems Private Limited reported revenue of ₹2.36 Cr (up 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 85% over five years, including 73% growth in the latest year. EBITDA rose 40% 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 | ₹1.62 Cr | ||||
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| Net Profit (PAT) | ₹1.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 68.5% | ||||
| Net Profit Margin | 54.3% | ||||
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To see the full financial statements and ratios of Mihir Gems Private Limited, buy the company report.
Board of directors of Mihir Gems Private Limited
Mihir Gems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Suresh Shah | Director | 23 Apr 2010 | 16 Years 6 Months | Current |
| Mihir Suresh Shah Also directs: Samarthan Trading LLP, Samarthan Properties LLP | Director | 23 Apr 2010 | 16 Years 6 Months | Current |
Peer comparison
Mihir Gems Private 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 |
|---|---|---|---|---|---|---|
| Sri Siddhi Alankaram Private Limited | ₹2.37 Cr (FY 2025) | 10.0% | Kolhapur, Maharashtra, India | |||
| Combine Diamonds Private Limited | ₹2.37 Cr (FY 2025) | -73.0% | Mumbai, Maharashtra, India | |||
| Namaskar Castings Private Limited | ₹2.37 Cr (FY 2025) | 23.0% | Indore, Madhya Pradesh, India | |||
| Kiranmani Investment and Finance Private Limited | ₹2.37 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Satyam Shivam Sundaram Jewellery House Private Limited | ₹2.36 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Mihir Gems Private Limitedthis company | ₹2.36 Cr (FY 2025) | ₹1.28 Cr | 54.3% | 73.0% | Mumbai, Maharashtra, India | |
| Baron Cybertech Private Limited | ₹2.34 Cr (FY 2025) | -86.0% | Punjab, India | |||
| Girdharilal Jewellers Private Limited | ₹2.33 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Srisa Jewellers Private Limited | ₹2.33 Cr (FY 2024) | 28.0% | Hanamkonda, Telangana, India | |||
| Ganga Gems Private Limited | ₹2.32 Cr (FY 2025) | -66.0% | Surat, Gujarat, India | |||
| Thom India Private Limited | ₹2.31 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mihir Gems Private Limited, buy the company report.
Auditor
Mihir Gems Private Limited is audited by PPD AND COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PPD AND COMPANY | FY 2022 | 034517 |
Shareholding
The shareholding of Mihir Gems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mihir Gems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mihir 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 Mihir Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mihir Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN6584F1Z8 | Maharashtra | Active | 01 Dec 2022 |
To see the full GST registrations and return filing status of Mihir Gems Private Limited, buy the company report.
Recent activity
Mihir Gems Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Sureshchandra Dalpatlal Shah ceased to be Director on 08 Feb 2019.
Frequently asked questions
Mihir 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 05 January 2008 (18+ years old) and is registered under CIN U51109MH2008PTC284624.
Mihir Gems has 2 current directors:
- Dhaval Suresh Shah - Director
- Mihir Suresh Shah - Director
The latest financial statements of Mihir Gems 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 Mihir Gems is 27AACCN6584F1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mihir Gems is U51109MH2008PTC284624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihir Gems was incorporated on 05 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mihir Gems by revenue are Sri Siddhi Alankaram Private Limited, Combine Diamonds Private Limited, Namaskar Castings Private Limited, Kiranmani Investment and Finance Private Limited, Satyam Shivam Sundaram Jewellery House Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Sureshchandra Dalpatlal Shah ceased to be Director on 08 Feb 2019. Dhiraj Kumar Shaw ceased to be Director on 01 Dec 2010. Mukesh Kumar Singh ceased to be Director on 26 Apr 2010. Mihir Gems has 5 board changes on record in total.
Mihir Gems can be reached through the website mihirgems.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Mihir Gems is at Bc 20712072 Bharat Diamond Bourse G – Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051.
Mihir Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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