About Radiant Bay
Radiant Bay is a Retail company based in Mumbai (India) founded in 2014. It specializes in an online platform for diamond jewelry sales and related products. It operates on a B2C model. The company has 728 employees. Its Indian entity Suashish Diamonds Limited reported revenue of ₹981 Cr. Its focus areas include E-commerce, Jewelry and Diamond Products. Similar companies include GIVA, BlueStone and CaratLane; 3 of its 3 listed similar companies have raised funding.
Company details
Radiant Bay specializes in an online platform for diamond jewelry sales and related products through engaging in retail operations, operating online marketplaces, jewelry, and diamond products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Mumbai, India
- Employees 728
- SectorsRetail
- Website radiantbay.com
- Social Facebook
- Legal Name Suashish Diamonds Limited
- Date of Incorporation 05 Oct, 1988
- Jurisdiction Borivlai East, Maharashtra, India
- Annual Revenue₹981 Cr
FY 2025 · -21% YoY
- Net Profit₹325 Cr
FY 2025 · 33% margin
- EBITDA₹403 Cr
FY 2025 · 41% margin
- Employee Count728
Associated legal entities of Radiant Bay
Radiant Bay operates through Suashish Diamonds 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 |
|---|---|---|---|---|---|---|---|
| Suashish Diamonds Limited CIN U36900MH1988PLC049085 | Active | 05 Oct 1988 | Borivlai East, Maharashtra | ₹981 Cr | 728 | 8 | View details |
Board of directors of Suashish Diamonds Limited (Radiant Bay)
Suashish Diamonds Limited is the primary company behind Radiant Bay. The board of Suashish Diamonds Limited currently have 6 directors; the longest-serving is Ashish Rameshkumar Goenka, appointed in 2011. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Rameshkumar Goenka DIN 00022177 | Director | 07 Jun 2011 | 15 yrs 4 mo | Suashish Diamonds Limited |
| Rajeshkumar Radhakishan Kedia DIN 00037159 | Whole-time director | 11 Feb 2012 | 14 yrs 8 mo | Suashish Diamonds Limited |
| Srividya Babu Rao DIN 07663729 | Director | 01 Dec 2016 | 9 yrs 11 mo | Suashish Diamonds Limited |
| Vipul Amul Desai DIN 02074877 | Director | 14 Jun 2022 | 4 yrs 4 mo | Suashish Diamonds Limited |
| Ishan Ashish Goenka DIN 10835218 | Additional Director | 12 Nov 2024 | 1 yr 11 mo | Suashish Diamonds Limited |
| Priyank Chamaria DIN 10867547 | Additional Director | 10 Dec 2024 | 1 yr 10 mo | Suashish Diamonds Limited |
Financials of Radiant Bay
Figures of Suashish Diamonds Limited, the primary company behind Radiant Bay, for FY 2025. Revenue was ₹981 Cr (-21% year on year). Net profit was ₹325 Cr (33% margin). EBITDA was ₹403 Cr (41% margin). Revenue has grown at a compounded annual rate of -7% over three years and +8% over five years.
- ₹981 CrRevenue · FY 2025 · -21% YoY
- ₹325 CrNet profit · 33% margin
- ₹403 CrEBITDA · 41% margin
- ₹20.82 CrPaid-up capital
- 728Employees (provident fund records)
- -7%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Suashish Diamonds Limited are on its company page.
Detailed financial statements for Radiant Bay
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Similar companies to Radiant Bay
Radiant Bay has 3 listed similar companies in our database, 3 of them funded. They include GIVA, BlueStone and CaratLane.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| giva.co | 2019 | Bengaluru, India | $131.25M | 2,023 | Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | |
| bluestone.com | 2011 | Bengaluru, India | $254.97M | 4,102 | Subscription-based jewelry is provided by digital-first brand BlueStone. | |
| caratlane.com | 2008 | Chennai, India | $57.88M | 1,564 | Precious jewelry is offered online for men and women. |
Detailed similar companies of Radiant Bay
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Radiant Bay (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 143.24 M | USD 32.66 M | 711 |
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Frequently Asked Questions about Radiant Bay
Radiant Bay was founded in 2014.
Radiant Bay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Radiant Bay has 728 employees.
The primary company behind Radiant Bay, Suashish Diamonds Limited, reported revenue of ₹981 Cr for FY 2025, down 21% year on year.
Radiant Bay specializes in an online platform for diamond jewelry sales and related products through engaging in retail operations, operating online marketplaces, jewelry, and diamond products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Radiant Bay operates through Suashish Diamonds Limited.
The legal entities of Radiant Bay currently have 8 directors, including Vipul Amul Desai, Rajeshkumar Radhakishan Kedia, Ashish Rameshkumar Goenka and others.