About Diamond India
Diamond India is a Retail company based in Mumbai (India) founded in 2002. Rough diamonds and luxury goods are wholesaled to jewelry manufacturers. Diamond India has raised $6.8 million across 1 funding round from investors including Gitanjali Gems, Bright Star and Gold Star Jewellery. The company has 12 employees. Diamond India was last valued at $9.08 million in March 2007. Its chief executive, as recorded, is Nirakar Chand. Its Indian entity Diamond India Limited reported revenue of ₹13,346 Cr. Diamond India offers products and services including Rough Diamonds and Precious Metals. Its focus areas include Wholesalers.
Company details
Diamond India was founded in 2002 in Mumbai, India, operating as a wholesaler in the luxury goods and jewelry sector. Rough diamonds are sourced directly from overseas miners and supplied to domestic jewelry manufacturers. Additional services include gold sourcing and diamond cutting. The company focuses on facilitating supply chains for manufacturers in the region.
- Headquarters Mumbai, India
- Employees 12
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website diamondindia.net
- Social X Facebook
- Legal Name Diamond India Limited
- Date of Incorporation 16 Dec, 2002
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13,346 Cr
FY 2026 · +23% YoY
- Net Profit₹16.19 Cr
FY 2026 · 0% margin
- EBITDA₹25.68 Cr
FY 2026 · 0% margin
- Total Equity Funding$6.8M (USD)
in 1 rounds
- Latest Funding Round$6.8M (USD), Series A
Mar 2007
- InvestorsGitanjali Gems
& 21 more
- Employee Count12
Associated legal entities of Diamond India
Diamond India operates through Diamond India Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Diamond India Limited CIN U36911MH2002PLC138275 | Active | 16 Dec 2002 | Mumbai, Maharashtra | ₹13,346 Cr | 12 | 13 | View details |
Products & Services of Diamond India
Diamond India offers a comprehensive portfolio of products and services, including Rough Diamonds and Precious Metals.
Rough diamonds are supplied for export purposes, with emphasis on quality and security to meet industry demands.
Precious metals are imported and distributed to support exporters and jewellers under various government schemes.
Funding Insights of Diamond India
Diamond India has successfully raised a total of $6.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.8 million completed in March 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.8M
- Total Rounds 1
- Last Round Series A — $6.8M
- First Round $6.8M
(Mar 2007)
- Investors Count 22
All 1 funding rounds of Diamond India with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2007 | $6.8M | Series A | $9.08M | M. Suresh, Bright Star |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2007 | $9.08M | •••••••• |
Last known valuation $9.08M (Mar 2007). 22 investors in total: 21 institutional and 1 angel.
Investors in Diamond India
Diamond India has secured backing from 22 investors, including institutional and angel investors. Prominent investors backing the company include Gitanjali Gems, Bright Star and Gold Star Jewellery.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
M Suresh Co. is engaged in diamond manufacturing and retail. | msureshco.diamonds | Mumbai, India | ||
| brightstar.tcc.mode | ||||
Potato farming, grain marketing, and equipment services are provided in Maine. | 1964 | gitanjaligroup.com | Mumbai, India | |
| bulkdiamonds.tcc.mode | ||||
| herondevelopers.tcc.mode | ||||
Diamond processing, jewelry manufacturing, and distribution services globally. | 1966 | jewelexgroup.com | Mumbai, India | |
Diamond sales, jewelry designs, manufacturing, and investment advice in the jewelry sector. | poddardiamonds.com | |||
SV Group is engaged in diamond trading and jewellery manufacturing. | 1978 | svinodkumar.com | Mumbai, India | |
| interjewelsinternational.tcc.mode | ||||
| revashankargems.tcc.mode |
Investor details for Diamond India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Diamond India Limited (Diamond India)
Diamond India Limited is the primary company behind Diamond India. The board of Diamond India Limited currently have 12 directors; the longest-serving is Praveenshankar Pratapshankar Pandya, appointed in 2002. 26 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Praveenshankar Pratapshankar Pandya DIN 00121634 | Director | 16 Dec 2002 | 23 yrs 10 mo | Diamond India Limited |
| Nilesh Navinchandra Shah DIN 00515643 | Managing Director | 16 Dec 2002 | 23 yrs 10 mo | Diamond India Limited |
| Sanjay Jayantilal Bhansali DIN 00773177 | Director | 09 Sep 2006 | 20 yrs 1 mo | Diamond India Limited |
| Suresh Chimanlal Shah DIN 00412576 | Director | 27 Sep 2008 | 18 yrs | Diamond India Limited |
| Milan Tanvir Chokshi DIN 00139380 | Director | 27 Sep 2008 | 18 yrs | Diamond India Limited |
| Mehul Navinchandra Shah DIN 00368819 | Director | 27 Sep 2008 | 18 yrs | Diamond India Limited |
| Dilip Maneklal Shah DIN 00147262 | Director | 28 Sep 2010 | 16 yrs | Diamond India Limited |
| Dilip Sitapchand Dalal DIN 07481824 | Director | 16 Mar 2016 | 10 yrs 7 mo | Diamond India Limited |
| Jay Mahendra Parikh DIN 00085095 | Director | 08 Dec 2017 | 8 yrs 10 mo | Diamond India Limited |
| Siddharth Praveenshankar Pandya DIN 02688032 | Director | 23 Feb 2022 | 4 yrs 7 mo | Diamond India Limited |
| Dipika Biyani DIN 02514045 | Director | 23 Feb 2022 | 4 yrs 7 mo | Diamond India Limited |
| Sudhir Rasiklal Mehta DIN 00425037 | Director | 01 Aug 2024 | 2 yrs 2 mo | Diamond India Limited |
People of Diamond India
1 people are tracked at Diamond India (1 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Nirakar Chand | CEO | Leadership |
Complete people profiles for Diamond India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Diamond India
Figures of Diamond India Limited, the primary company behind Diamond India, for FY 2026. Revenue was ₹13,346 Cr (+23% year on year). Net profit was ₹16.19 Cr (0% margin). EBITDA was ₹25.68 Cr (0% margin). Revenue has grown at a compounded annual rate of +28% over three years and -8% over five years.
- ₹13,346 CrRevenue · FY 2026 · +23% YoY
- ₹16.19 CrNet profit · 0% margin
- ₹25.68 CrEBITDA · 0% margin
- ₹8.57 CrPaid-up capital
- 12Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- -8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Diamond India Limited are on its company page.
Detailed financial statements for Diamond India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Diamond India
3 dated milestones of Diamond India across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Diamond India is founded.
- Funding First funding round of $6.8M.
- Milestone Reaches Minicorn status.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Diamond India (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 37.24 M | USD 167.23 M | 6,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Frequently Asked Questions about Diamond India
Diamond India was founded in 2002 and raised its 1st funding round 5 years after it was founded.
Diamond India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nirakar Chand is the CEO of Diamond India, as recorded in our data.
Diamond India is a funded company, having raised a total of $6.8M across 1 funding round to date. The company's 1st funding round was a Series A of $6.8M, raised on Mar 2007.
Diamond India has 12 employees.
The primary company behind Diamond India, Diamond India Limited, reported revenue of ₹13,346 Cr for FY 2026, up 23% year on year.
Diamond India was founded in 2002 in Mumbai, India, operating as a wholesaler in the luxury goods and jewelry sector. Rough diamonds are sourced directly from overseas miners and supplied to domestic jewelry manufacturers. Additional services include gold sourcing and diamond cutting. The company focuses on facilitating supply chains for manufacturers in the region.
Diamond India offers Rough Diamonds and Precious Metals.
Diamond India has 22 investors. Key investors include Gitanjali Gems, Bright Star, Gold Star Jewellery, Jewelex, and M Suresh Co.
The valuation of Diamond India is $9.08M as of Mar 2007.
Diamond India operates through Diamond India Limited.
The legal entities of Diamond India currently have 13 directors, including Suresh Chimanlal Shah, Dilip Sitapchand Dalal, Milan Tanvir Chokshi and others.