About Mihir Gems
Mihir Gems is a Retail company based in Mumbai (India) founded in 1965 by Sureshchandra Dalpatlal Shah. Diamonds are supplied to retailers, jewellery houses, and traders. Mihir Gems was last valued at $1.99 million in March 2008. Its Indian entity Mihir Gems Private Limited reported revenue of ₹2.36 Cr. Mihir Gems offers products and services including Diamonds and Diamond Supply Services. Its focus areas include Wholesalers.
Company details
Mihir Gems was established in 1965 in Mumbai, India, within the gemstone sector. Operations center on sourcing and distributing diamonds to retailers, jewellery manufacturers, and traders. The company maintains a presence in the wholesale diamond market, facilitating supply chains for downstream businesses. Key leadership includes founder Sureshchandra Dalpatlal Shah, with activities based in Indias primary diamond trading hub.
- Headquarters Mumbai, India
- Founders Sureshchandra Dalpatlal Shah
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website mihirgems.com
- Legal Name Mihir Gems Private Limited
- Date of Incorporation 05 Jan, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.36 Cr
FY 2025 · +73% YoY
- Net Profit₹1.28 Cr
FY 2025 · 54% margin
- EBITDA₹1.62 Cr
FY 2025 · 68% margin
- Latest Funding Round$1.95M (USD), Unspecified
Mar 2008
Associated legal entities of Mihir Gems
Mihir Gems operates through Mihir Gems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mihir Gems Private Limited CIN U51109MH2008PTC284624 | Active | 05 Jan 2008 | Mumbai, Maharashtra | ₹2.4 Cr | 2 | View details |
Products & Services of Mihir Gems
Mihir Gems offers a comprehensive portfolio of products and services, including Diamonds and Diamond Supply Services.
Diamonds are supplied for use in jewelry and industry, focusing on top-quality sizes that are distributed to various markets.
Supply services for diamonds are provided to retailers and traders, facilitating distribution both locally and internationally.
Funding Insights of Mihir Gems
- Total Rounds 1
- Last Round Unspecified — $1.95M
- First Round $1.95M
(Mar 2008)
- Investors Count 21
All 1 funding rounds of Mihir Gems 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 2008 | $1.95M | Unspecified | $1.99M | Premiumvinimay |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2008 | $1.99M | •••••••• |
Last known valuation $1.99M (Mar 2008). 21 investors in total: 21 institutional.
Investors in Mihir Gems
Mihir Gems has secured backing from 21 investors, including institutional investors. Prominent investors backing the company include Premiumvinimay, Rama Consultancy and Duplexvincon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Brand of casual wear apparel for men and women | Kolkata, India | |||
Investor details for Mihir Gems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mihir Gems Private Limited (Mihir Gems)
Mihir Gems Private Limited is the primary company behind Mihir Gems. The board of Mihir Gems Private Limited currently have 2 directors; the longest-serving is Dhaval Suresh Shah, appointed in 2010. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhaval Suresh Shah DIN 03046641 | Director | 23 Apr 2010 | 16 yrs 6 mo | Mihir Gems Private Limited |
| Mihir Suresh Shah DIN 03046621 | Director | 23 Apr 2010 | 16 yrs 6 mo | Mihir Gems Private Limited |
People of Mihir Gems
1 people are tracked at Mihir Gems (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Mihir Gems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mihir Gems
Figures of Mihir Gems Private Limited, the primary company behind Mihir Gems, for FY 2025. Revenue was ₹2.36 Cr (+73% year on year). Net profit was ₹1.28 Cr (54% margin). EBITDA was ₹1.62 Cr (68% margin). Revenue has grown at a compounded annual rate of +128% over three years and +85% over five years.
- ₹2.36 CrRevenue · FY 2025 · +73% YoY
- ₹1.28 CrNet profit · 54% margin
- ₹1.62 CrEBITDA · 68% margin
- ₹79.5 LakhPaid-up capital
- +128%Revenue CAGR, 3 years
- +85%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mihir Gems Private Limited are on its company page.
Detailed financial statements for Mihir Gems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mihir Gems
3 dated milestones of Mihir Gems across 43 years, from founding to its latest funding, stage changes and deals.
- Founded Mihir Gems is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Mihir Gems (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 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Mihir Gems
Mihir Gems was founded in 1965 and raised its 1st funding round 43 years after it was founded.
Mihir Gems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Mihir Gems, Mihir Gems Private Limited, reported revenue of ₹2.36 Cr for FY 2025, up 73% year on year.
Mihir Gems was established in 1965 in Mumbai, India, within the gemstone sector. Operations center on sourcing and distributing diamonds to retailers, jewellery manufacturers, and traders. The company maintains a presence in the wholesale diamond market, facilitating supply chains for downstream businesses. Key leadership includes founder Sureshchandra Dalpatlal Shah, with activities based in Indias primary diamond trading hub.
Mihir Gems offers Diamonds and Diamond Supply Services.
Mihir Gems has 21 investors. Key investors include Premiumvinimay, Rama Consultancy, Duplexvincon, Abhinandan Tracom, and Quick Vyapaar.
The valuation of Mihir Gems is $1.99M as of Mar 2008.
Mihir Gems operates through Mihir Gems Private Limited.
The legal entities of Mihir Gems currently have 2 directors, including Dhaval Suresh Shah, Mihir Suresh Shah.