About Star Rays Diamonds India Private Limited
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Star Rays Diamonds India Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 24 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36912GJ2015PTC084599.
The company has an authorised share capital of ₹1.55 Cr and a paid-up capital of ₹1.55 Cr. It is led by directors including Dilipkumar Babulal Mehta and Jitendrakumar Dalpatlal 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 Shivam Chambers Khand Bazar Varachha Road, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,058.66 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net loss of ₹8.42 Cr (net margin -0.8%) and EBITDA of -₹2.81 Cr (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 12% over five years.
The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.74 Cr; the latest was in December 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starrays.com.
Company details
Contact details
Star Rays Diamonds India Private Limited's registered office is in Surat, Gujarat. Its website is starrays.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressShivam Chambers Khand Bazar Varachha Road, Surat, Gujarat, India – 395006
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Star Rays Diamonds India 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 Star Rays Diamonds India 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 Star Rays Diamonds India Private Limited, buy the company report.
Financials of Star Rays Diamonds India Private Limited
FY 2025 filings availableStar Rays Diamonds India Private Limited reported revenue of ₹1,058.66 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 40% growth in the latest year. EBITDA rose 63% 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 | -₹2.81 Cr | ||||
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| Net Profit (PAT) | -₹8.42 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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| EBITDA Margin | -0.3% | ||||
| Net Profit Margin | -0.8% | ||||
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To see the full financial statements and ratios of Star Rays Diamonds India Private Limited, buy the company report.
Board of directors of Star Rays Diamonds India Private Limited
Star Rays Diamonds India has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilipkumar Babulal Mehta Also directs: Sr Solitaire LLP | Director | 24 Sep 2015 | 11 Years 1 Months | Current |
| Jitendrakumar Dalpatlal Shah Also directs: Sr Solitaire LLP, Bidur Project Realty One LLP, Stella Jewels Private Limited and 1 more | Director | 01 Mar 2017 | 9 Years 8 Months | Current |
| Ritesh Rameshkumar Shah | Director | 01 Mar 2017 | 9 Years 8 Months | Current |
| Mahendrakumar Dalpatlal Shah | Director | 01 Mar 2017 | 9 Years 8 Months | Current |
| Rajendrakumar Dalpatlal Shah | Director | 24 Sep 2015 | 11 Years 1 Months | Current |
Auditor
Star Rays Diamonds India Private Limited is audited by Bakul Sandip & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bakul Sandip & Co. | FY 2021 | 114552W |
Shareholding
The shareholding of Star Rays Diamonds India 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 Star Rays Diamonds India Private Limited, buy the company report.
Deals & funding
Star Rays Diamonds India Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.74 Cr; the latest was in December 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Funding round | ₹4 Cr | Investors: 2 individuals |
| Mar 2016 | Funding round | ₹74 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Star Rays Diamonds India 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 Star Rays Diamonds India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Star Rays Diamonds India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Star Rays Diamonds India Private Limited has 8 board changes on record since 2015: 5 appointments and 3 cessations. The latest: Jitendrakumar Dalpatlal Shah ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Star Rays Diamonds India is an active private limited company based in Surat, Gujarat, India. The company works in wholesale, within the trading industry. It was incorporated on 24 September 2015 (11+ years old) and is registered under CIN U36912GJ2015PTC084599.
Star Rays Diamonds India has 5 current directors:
- Dilipkumar Babulal Mehta - Director
- Jitendrakumar Dalpatlal Shah - Director
- Ritesh Rameshkumar Shah - Director
- Mahendrakumar Dalpatlal Shah - Director
- Rajendrakumar Dalpatlal Shah - Director
The latest financial statements of Star Rays Diamonds India 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 FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Star Rays Diamonds India is U36912GJ2015PTC084599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Star Rays Diamonds India was incorporated on 24 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Star Rays Diamonds India has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.74 Cr; the latest was in December 2023.
Jitendrakumar Dalpatlal Shah ceased to be Additional Director on 30 Sep 2017. Mahendrakumar Dalpatlal Shah ceased to be Additional Director on 30 Sep 2017. Ritesh Rameshkumar Shah ceased to be Additional Director on 30 Sep 2017. Star Rays Diamonds India has 8 board changes on record in total.
Star Rays Diamonds India can be reached through the website starrays.com. Its registered office is in Surat, Gujarat, India.
The registered office of Star Rays Diamonds India is at Shivam Chambers Khand Bazar Varachha Road, Surat, Gujarat, India – 395006.
Star Rays Diamonds India operates in the trading industry, in the wholesale segment.
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