India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Arunbhai Chimanlal Shah & family ₹1,000 Cr
Revenue · FY 2025
₹2,405.92 Cr
▼ 22% YoY
Net profit · FY 2025
₹43.47 Cr
Net margin 1.8%
EBITDA · FY 2025
₹70.34 Cr
EBITDA margin 2.9%
Authorised capital
₹40.05 Cr
Registered with MCA
Paid-up capital
₹37.57 Cr
Issued & subscribed
Open charges
₹417 Cr
Satisfied ₹179.31 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
78
Provident fund records
About Ankit Gems Private Limited
Data last updated:
Ankit Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 27 April 2011 and has been in existence for over 15 years.
Its director Arunbhai Chimanlal Shah and family are #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2011PTC216778. Its GSTIN is 27AAJCA4305Q1ZC (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹40.05 Cr and a paid-up capital of ₹37.57 Cr. It is led by directors including Ankit Arun Shah and Jenish Dilipkumar 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 2025, the company reported a revenue of ₹2,405.92 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹43.47 Cr (net margin 1.8%) and EBITDA of ₹70.34 Cr (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company has about 78 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ankit Gems. As per MCA filings, the company has open charges of ₹417 Cr and satisfied charges of ₹179.31 Cr on record. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 4 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹76.26 Cr; the latest was in March 2023. Its 4 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing) are compared by revenue, 1 larger and 3 smaller; the largest is Classic Ornaments Private Limited with revenue of ₹2,529.95 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ankitgems.com.
Company details
CIN U36912MH2011PTC216778
Registration Number 216778
Incorporation Date 27 April 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Key People
Ankit Arun Shah Director Jenish Dilipkumar Shah Director Shreyans Arvindkumar Shah Director Recognitions & Rankings of Ankit Gems
Contact details
Ankit Gems Private Limited's registered office is in Mumbai, Maharashtra. Its website is ankitgems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressEe 6011 E Tower Bharat Diamond Bourse G Block BKC Ban, Dra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ankit Gems Private Limited, buy the company report.
Comprehensive company report
Ankit Gems Private Limited - one report that includes everything
- 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
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Brands
Ankit Gems operates one associated brand: Ankit Gems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A contract manufacturer specializing in diamond production and supply. | ankitgems.com |
Business activity
The main business activity of Ankit Gems is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Ankit Gems Private Limited, buy the company report.
Financials of Ankit Gems Private Limited
FY 2025 filings availableAnkit Gems Private Limited reported revenue of ₹2,405.92 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹2,405.92 Cr ▼ 22%
Net profit · FY 2025
₹43.47 Cr margin 1.8%
EBITDA · FY 2025
₹70.34 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▼ 31%
5 years · compounded
▼ 13%
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 22% fall in the latest year. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,405.92 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹70.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.47 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ankit Gems Private Limited, buy the company report.
Board of directors and KMP of Ankit Gems Private Limited
Ankit Gems Private Limited currently reports 8 directors and 1 key managerial person. 8 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Arun Shah Also directs: Ankit Finsol LLP, Lemon Innovision Ventures LLP, Lemon Emerging Ventures LLP and 5 more | Director | 27 Apr 2011 | 15 Years 6 Months | Current |
| Jenish Dilipkumar Shah | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
| Shreyans Arvindkumar Shah | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
| Pravin Pannalal Shah Also directs: Gujarat Hira Bourse | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
| Vasantlal Chandulal Shah | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
| Dilipbhai Amrutlal Soni | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Peer comparison
Ankit Gems Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Classic Ornaments Private Limited | ₹2,529.95 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India | |||
| Ankit Gems Private Limitedthis company | ₹2,405.92 Cr (FY 2025) | ₹43.47 Cr | 1.8% | -22.0% | 78 | Mumbai, Maharashtra, India |
| PC Jeweller Limited | ₹2,371.87 Cr (FY 2025) | 254.0% | New Delhi, Delhi, India | |||
| Royal Chain Private Limited | ₹2,354.21 Cr (FY 2024) | 8.0% | Mumbai, Maharashtra, India | |||
| Uni-Design Jewellery Private Limited. | ₹2,189.09 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ankit Gems Private Limited, buy the company report.
Auditor
Ankit Gems Private Limited is audited by NDJ & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NDJ & Co | FY 2025 | 136345W |
Shareholding
The shareholding of Ankit Gems Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ankit Gems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹417 Cr
Satisfied charges
₹179.31 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2022 | 100610149 | Yes Bank Limited | ₹45 Cr | Open | |
| 25 Mar 2022 | 100559190 | State Bank of India | ₹12 Cr | Open | |
| 27 Apr 2011 | 10286963 | Others | ₹360 Cr | Open | |
| 26 Jul 2021 | 100499795 | State Bank of India | ₹9.75 Cr | Satisfied | |
| 01 Mar 2016 | 10627268 | The Saraswat Co-Op Bank Ltd Bkc Branch | ₹25 Cr | Satisfied |
To see the full charge records of Ankit Gems Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Ankit Gems Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹76.26 Cr; the latest was in March 2023.
Total deals
7
Funding rounds
4
Secondary share transfers
3
Disclosed funding
₹76.26 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Funding round | ₹22 Lakh | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹7 Cr | Investors: 4 individuals |
To see the full deal history of Ankit Gems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ankit Gems Private Limited has 11 court cases on record: 6 filed by Ankit Gems, 5 filed against it. 4 cases are pending and 7 are disposed.
Total cases
11
Filed by the company
6
Filed against the company
5
Pending
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 3 | 3 |
| District courts | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Union of India | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 19( and 4 others | Disposed |
To see the full case history of Ankit Gems 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.
Credit ratings & regulatory alerts
Ankit Gems Private Limited was last rated by Crisil on 05 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Mar 2020 |
To see the full credit ratings and regulatory alerts of Ankit Gems Private Limited, buy the company report.
MSME payment delays
Ankit Gems Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Komal Exports | |||
| Shree Maruti Gems | |||
| Aj Diamond | |||
| Aryan Diamonds | |||
| Yamuna Enterprise |
To see the full MSME payment records of Ankit Gems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ankit Gems Private Limited has a workforce of 78 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
78
Active EPFO establishments
2
Employee growth
-3.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 78 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ankit Gems Private Limited, buy the company report.
GST
Ankit Gems has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCA4305Q1ZC | Maharashtra | Active | 01 Jul 2017 |
| 24AAJCA4305Q1ZI | Gujarat | Active | 01 Jul 2017 |
| 23AAJCA4305Q1ZK | Madhya Pradesh | Active | 12 Mar 2019 |
To see the full GST registrations and return filing status of Ankit Gems Private Limited, buy the company report.
Recent activity
Ankit Gems Private Limited has 16 board changes on record since 2011: 9 appointments and 7 cessations. The latest: Nidhi Rajesh Ranka was appointed as Company Secretary on 06 Mar 2025.
AGM
Ankit Gems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ankit Gems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 360.00 Cr registered on 27 Apr 2011 with Charge ID 10286963 was modified on 19 Mar 2025.
Appointed
Nidhi Rajesh Ranka was appointed as Company Secretary.
Charges
A charge with Yes Bank Limited amounted to Rs. 45.00 Cr with Charge ID 100610149 was registered on 19 Sep 2022.
Charges
A charge registered on 26 Jul 2021 via Charge ID 100499795 with State Bank Of India was fully satisfied on 19 May 2022.
Charges
A charge registered on 28 Mar 2014 via Charge ID 10489292 with State Bank Of India was fully satisfied on 19 May 2022.
Charges
A charge registered on 23 Mar 2013 via Charge ID 10419446 with State Bank Of India was fully satisfied on 19 May 2022.
Charges
A charge registered on 15 Sep 2011 via Charge ID 10315972 with State Bank Of Inida was fully satisfied on 19 May 2022.
Charges
A charge with State Bank Of India amounted to Rs. 12.00 Cr with Charge ID 100559190 was registered on 25 Mar 2022.
Ceased
Dilip Chimanlal Shah ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 9.75 Cr with Charge ID 100499795 was registered on 26 Jul 2021.
24 earlier events are in the company report.
Frequently asked questions
Ankit Gems is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 27 April 2011 (15+ years old) and is registered under CIN U36912MH2011PTC216778.
Ankit Gems has 9 current directors and KMP:
- Ankit Arun Shah - Director
- Jenish Dilipkumar Shah - Director
- Shreyans Arvindkumar Shah - Director
- Pravin Pannalal Shah - Director
- Vasantlal Chandulal Shah - Director
- Dilipbhai Amrutlal Soni - Director
- Parva Vasantlal Shah - Director
- Arunbhai Chimanlal Shah - Director
- Nidhi Rajesh Ranka - Company Secretary
The latest financial statements of Ankit 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 Ankit Gems is 27AAJCA4305Q1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAJCA4305Q1ZI (Gujarat), 23AAJCA4305Q1ZK (Madhya Pradesh).
The CIN (Corporate Identification Number) of Ankit Gems is U36912MH2011PTC216778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ankit Gems has 11 court cases on record: 6 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Ankit Gems was incorporated on 27 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Ankit Gems has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹76.26 Cr; the latest was in March 2023.
The peers of Ankit Gems by revenue are Classic Ornaments Private Limited, PC Jeweller Limited, Royal Chain Private Limited, Uni-Design Jewellery Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing).
Nidhi Rajesh Ranka was appointed as Company Secretary on 06 Mar 2025. Dilip Chimanlal Shah ceased to be Director on 24 Nov 2021. Arunbhai Chimanlal Shah ceased to be Additional Director on 28 Sep 2012. Ankit Gems has 16 board changes on record in total.
Ankit Gems has 6 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 9 micro and small suppliers. The latest return was filed on 23 Dec 2023.
Ankit Gems can be reached through the website ankitgems.com. Its registered office is in Mumbai, Maharashtra, India.
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