Ashtapad Diamonds Private Limited
About Ashtapad Diamonds Private Limited
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Ashtapad Diamonds Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 04 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2009PTC058480.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Rishabh Diamant Private Limited and Rishabh Diam Private Limited. It is led by directors Chhaya Jigesh Shah and Jigesh Rajnikant 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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.79 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.05 Lakh (net margin 6.5%) and EBITDA of ₹23.22 Lakh (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
The company has about 80 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ashtapad Diamonds has undergone 3 name changes throughout its history. The company was previously known as Rishabh Diamant Private Limited, Rishabh Diam Private Limited, and Ashtapad Developers Private Limited. The current legal name is Ashtapad Diamonds Private Limited.
| Company Name | Status |
|---|---|
| Ashtapad Diamonds Private Limited | Current |
| Rishabh Diamant Private Limited | Previous |
| Rishabh Diam Private Limited | Previous |
| Ashtapad Developers Private Limited | Previous |
CIN history
Ashtapad Diamonds has one previous CIN (Corporate Identification Number): U45201GJ2009PTC058480. The current CIN is U51909GJ2009PTC058480, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ2009PTC058480 | Current |
| U45201GJ2009PTC058480 | Previous |
Contact details
Ashtapad Diamonds Private Limited's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressSy.No.12/1 Room – 201 – 202 2nd Floor Bldg – 6 Ruby Trade Centre Near Gitanjali Cinema Varac, Hha Road, Surat, Gujarat, India – 395006
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ashtapad Diamonds 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
Financials of Ashtapad Diamonds Private Limited
FY 2025 filings availableAshtapad Diamonds Private Limited reported revenue of ₹2.79 Cr (up 131898% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over three years. 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 | ₹23.22 Lakh | ||||
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| Net Profit (PAT) | ₹18.05 Lakh | ||||
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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 | 8.3% | ||||
| Net Profit Margin | 6.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashtapad Diamonds Private Limited, buy the company report.
Board of directors of Ashtapad Diamonds Private Limited
Ashtapad Diamonds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chhaya Jigesh Shah | Director | 04 Nov 2009 | 16 Years 11 Months | Current |
| Jigesh Rajnikant Shah | Director | 04 Nov 2009 | 16 Years 11 Months | Current |
Peer comparison
Ashtapad Diamonds Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Luxury Diamond Private Limited | ₹2.85 Cr (FY 2024) | 81.0% | Mumbai, Maharashtra, India | |||
| Orosil Smiths India Limited | ₹2.83 Cr (FY 2025) | 418.0% | New Delhi, Delhi, India | |||
| Dillano Luxurious Jewels Limited | ₹2.82 Cr (FY 2024) | 11.0% | Faridkot, Punjab, India | |||
| Diamanto 9 Gem and Jewels Private Limited | ₹2.81 Cr (FY 2025) | 10.0% | Surat, Gujarat, India | |||
| Kalp Multipack Private Limited | ₹2.81 Cr (FY 2025) | -17.0% | Aurangabad, Maharashtra, India | |||
| Ashtapad Diamonds Private Limitedthis company | ₹2.79 Cr (FY 2025) | ₹18.05 Lakh | 6.5% | 131898.0% | Surat, Gujarat, India | |
| Orionz Industries Private Limited | ₹2.79 Cr (FY 2024) | 43.0% | Mumbai, Maharashtra, India | |||
| Arham Diamonds Trading Private Limited | ₹2.78 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Harvy Jewels Private Limited | ₹2.77 Cr (FY 2025) | -10.0% | Surat, Gujarat, India | |||
| AA Fine Carats Private Limited | ₹2.77 Cr (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| Beluxurious Private Limited | ₹2.76 Cr (FY 2025) | -46.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ashtapad Diamonds Private Limited, buy the company report.
Auditor
Ashtapad Diamonds Private Limited is audited by MORAKHIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MORAKHIA & ASSOCIATES | FY 2017 | 140924W |
Shareholding
The shareholding of Ashtapad Diamonds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ashtapad Diamonds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ashtapad Diamonds 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 Ashtapad Diamonds 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 Ashtapad Diamonds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ashtapad Diamonds Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Sanjay Nanalal Kothari ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Ashtapad Diamonds is an active private limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 04 November 2009 (17+ years old) and is registered under CIN U51909GJ2009PTC058480.
Ashtapad Diamonds has 2 current directors:
- Chhaya Jigesh Shah - Director
- Jigesh Rajnikant Shah - Director
The latest financial statements of Ashtapad Diamonds 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 Ashtapad Diamonds is U51909GJ2009PTC058480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtapad Diamonds was incorporated on 04 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashtapad Diamonds by revenue are Luxury Diamond Private Limited, Orosil Smiths India Limited, Dillano Luxurious Jewels Limited, Diamanto 9 Gem and Jewels Private Limited, Kalp Multipack Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Sanjay Nanalal Kothari ceased to be Additional Director on 29 Sep 2024. Varun Sanjay Kothari ceased to be Additional Director on 29 Sep 2024. Chhaya Jigesh Shah was appointed as Director on 04 Nov 2009. Ashtapad Diamonds has 4 board changes on record in total.
The registered office of Ashtapad Diamonds is at Sy.No.121 Room – 201 – 202 2nd Floor Bldg – 6 Ruby Trade Centre Near Gitanjali Cinema Varac, Hha Road, Surat, Gujarat, India – 395006.
Ashtapad Diamonds operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
The compliance status of Ashtapad Diamonds is compliant as of 19 July 2026. The company is actively filing with the Registrar of Companies.
Yes. Ashtapad Diamonds was formerly known as Rishabh Diamant Private Limited, Rishabh Diam Private Limited, Ashtapad Developers Private Limited.
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