Varun Gems Private Limited
About Varun Gems Private Limited
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Varun 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 23 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH2003PTC140107.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Pragnesh Arvind Shah and Alpa 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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.4 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹8.84 Lakh (net margin 0.3%) and EBITDA of ₹16.65 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 16% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varun Gems Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressJe 2300 Bharat Diamond Bourse G Block, Bandra – Kurla Complex Opp. Nabard Head Office, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Varun 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 Varun Gems is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Varun Gems Private Limited, buy the company report.
Financials of Varun Gems Private Limited
FY 2025 filings availableVarun Gems Private Limited reported revenue of ₹33.4 Cr (down 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 33% 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 | ₹16.65 Lakh | ||||
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| Net Profit (PAT) | ₹8.84 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 | 0.3% | ||||
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To see the full financial statements and ratios of Varun Gems Private Limited, buy the company report.
Board of directors of Varun Gems Private Limited
Varun Gems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pragnesh Arvind Shah Also directs: Viora Jewels Private Limited | Director | 23 Apr 2003 | 23 Years 6 Months | Current |
| Alpa Shah Also directs: Viora Jewels Private Limited | Director | 23 Apr 2003 | 23 Years 6 Months | Current |
Auditor
Varun Gems Private Limited is audited by D G PAREKH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D G PAREKH & CO | FY 2019 | 107451W |
Shareholding
The shareholding of Varun Gems Private 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 Varun Gems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varun 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 Varun Gems 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 Varun Gems Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varun Gems Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Alpa Shah was appointed as Director on 23 Apr 2003.
Frequently asked questions
Varun 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 23 April 2003 (23+ years old) and is registered under CIN U51398MH2003PTC140107.
Varun Gems has 2 current directors:
- Pragnesh Arvind Shah - Director
- Alpa Shah - Director
The latest financial statements of Varun 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 CIN (Corporate Identification Number) of Varun Gems is U51398MH2003PTC140107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Gems was incorporated on 23 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Alpa Shah was appointed as Director on 23 Apr 2003. Pragnesh Arvind Shah was appointed as Director on 23 Apr 2003.
The registered office of Varun Gems is at Je 2300 Bharat Diamond Bourse G Block, Bandra – Kurla Complex Opp. Nabard Head Office, Mumbai, Maharashtra, India – 400051.
Varun Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
The compliance status of Varun Gems is compliant as of 22 September 2026. The company is actively filing with the Registrar of Companies.
Varun Gems can be reached at its registered office: Je 2300 Bharat Diamond Bourse G Block, Bandra – Kurla Complex Opp. Nabard Head Office, Mumbai, Maharashtra, India – 400051.
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