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About Arjav Diamonds (India) Private Limited
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Arjav Diamonds (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Arjav Diamonds Nv. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 05 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36996MH2007PTC169725. Its GSTIN is 27AAGCA2472D1ZY (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹33.71 Cr. It is led by directors including Arjav Akshay Mehta and Montu Ashokbhai Aiwala.
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 ₹180.22 Cr, a growth of 97% compared to the previous year. For the same year it recorded a net loss of ₹97.3 Lakh (net margin -0.5%) and EBITDA of ₹5.65 Cr (EBITDA margin 3.1%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 22% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹1,156.75 Cr on record. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 5 cases are pending. The company has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹109.99 Cr; the latest was in March 2022. Its 5 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 larger and 2 smaller; the largest is Gem Plaza Private Limited with revenue of ₹182.55 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 99 overdue payments to 17 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 arjavdiamonds.com.
Company details
Contact details
Arjav Diamonds (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is arjavdiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCc9010A 'C' Tower Central Wing 9th Floor Bharat Diamond Bourse Bandra Kurla Comp, Lex, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Arjav 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 Arjav Diamonds (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Arjav Diamonds (India) Private Limited, buy the company report.
Financials of Arjav Diamonds (India) Private Limited
FY 2025 filings availableArjav Diamonds (India) Private Limited reported revenue of ₹180.22 Cr (up 97% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 97% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA fell 25% 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 | ₹5.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹97.3 Lakh | ||||
| Balance Sheet | |||||
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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 | 3.1% | ||||
| Net Profit Margin | -0.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Arjav Diamonds (India) Private Limited, buy the company report.
Board of directors of Arjav Diamonds (India) Private Limited
Arjav Diamonds (India) has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjav Akshay Mehta | Director | 27 Dec 2019 | 6 Years 10 Months | Current |
| Montu Ashokbhai Aiwala Also directs: Akshar Infrastructure Private Limited | Director | 12 Dec 2019 | 6 Years 10 Months | Current |
| Ashit Vasantlal Mehta Also directs: Nirali Creations LLP | Director | 21 Nov 2007 | 18 Years 11 Months | Current |
Peer comparison
Arjav Diamonds (India) Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gem Plaza Private Limited | ₹182.55 Cr (FY 2025) | 48.0% | Jaipur, Rajasthan, India | |||
| Silver Emporium Private Limited | ₹181.02 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| P C Chandra Juels International Private Limited | ₹180.67 Cr (FY 2020) | 11.0% | Kolkata, West Bengal, India | |||
| Arjav Diamonds (India) Private Limitedthis company | ₹180.22 Cr (FY 2025) | -₹97.3 Lakh | -0.5% | 97.0% | 4 | Mumbai, Maharashtra, India |
| RMC Gems India Limited | ₹177.24 Cr (FY 2025) | 11.0% | Jaipur, Rajasthan, India | |||
| Shree Ji Jewellery Manufacturers Private Limited | ₹175.39 Cr (FY 2025) | 21.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Arjav Diamonds (India) Private Limited, buy the company report.
Auditor
Arjav Diamonds (India) Private Limited is audited by V. A. Parikh & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. A. Parikh & Associates LLP | FY 2023 | 112787W/ W100073 |
Shareholding
The shareholding of Arjav 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 Arjav Diamonds (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2013 | 10399624 | Idbi Trusteeship Services Limited | ₹322 Cr | Satisfied | |
| 12 Jul 2012 | 10365805 | Icici Bank Ltd | ₹50 Cr | Satisfied | |
| 21 Jun 2012 | 10365758 | Bank of India | ₹74 Cr | Satisfied | |
| 27 Feb 2012 | 10340803 | Union Bank of India | ₹100 Cr | Satisfied | |
| 18 Jan 2012 | 10340818 | Central Bank of India | ₹75 Cr | Satisfied |
To see the full charge records of Arjav Diamonds (India) Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Arjav Diamonds (India) Private Limited has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹109.99 Cr; the latest was in March 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2012 | Funding round | ₹81.6 Cr | Investors: an individual |
| Aug 2012 | Funding round | ₹16 Cr | Investors: Akshay V Mehta HUF, 3 individuals |
To see the full deal history of Arjav Diamonds (India) 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
Arjav Diamonds (India) Private Limited has 11 court cases on record: 7 filed by Arjav Diamonds (India), 4 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 4 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S Shyam Spectra Pvt Ltd., | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 2 others | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5 | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-5 | Disposed |
To see the full case history of Arjav Diamonds (India) 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
Arjav Diamonds (India) Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 99 overdue payments to 17 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 17)
To see the full MSME payment records of Arjav Diamonds (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Arjav Diamonds (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Akshar Infrastructure Private Limited | U45201GJ2004PTC044084 |
To see the full group structure of Arjav Diamonds (India) Private Limited, buy the company report.
Employees & EPFO
Arjav Diamonds (India) Private Limited has a workforce of 4 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Arjav Diamonds (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA2472D1ZY | Maharashtra | Active | 01 Jul 2017 |
| 24AAGCA2472D1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arjav Diamonds (India) Private Limited, buy the company report.
Recent activity
Arjav Diamonds (India) Private Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Pooja Paresh Bagwe ceased to be Company Secretary on 25 Jun 2021.
36 earlier events are in the company report.
Frequently asked questions
Arjav Diamonds (India) 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 05 April 2007 (19+ years old) and is registered under CIN U36996MH2007PTC169725.
Arjav Diamonds (India) has 3 current directors:
- Arjav Akshay Mehta - Director
- Montu Ashokbhai Aiwala - Director
- Ashit Vasantlal Mehta - Director
The latest financial statements of Arjav 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 2015 are in the company report.
The GSTIN of Arjav Diamonds (India) is 27AAGCA2472D1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAGCA2472D1Z4 (Gujarat).
The CIN (Corporate Identification Number) of Arjav Diamonds (India) is U36996MH2007PTC169725. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arjav Diamonds (India) has 11 court cases on record: 7 filed by the company and 4 filed against it. 5 are pending. Most are in the high courts.
Arjav Diamonds (India) was incorporated on 05 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Arjav Diamonds (India) has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹109.99 Cr; the latest was in March 2022.
The peers of Arjav Diamonds (India) by revenue are Gem Plaza Private Limited, Silver Emporium Private Limited, P C Chandra Juels International Private Limited, RMC Gems India Limited, Shree Ji Jewellery Manufacturers Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Pooja Paresh Bagwe ceased to be Company Secretary on 25 Jun 2021. Montu Ashokbhai Aiwala ceased to be Additional Director on 30 Dec 2020. Anuj Vasantlal Mehta ceased to be Director on 02 Jan 2020. Arjav Diamonds (India) has 13 board changes on record in total.
Arjav Diamonds (India) has 12 MSME Form 1 returns on record between 2019 and 2024, listing 99 overdue payments to 17 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Arjav Diamonds (India) can be reached through the website arjavdiamonds.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
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