Bhakti Diamonds Private Limited
About Bhakti Diamonds Private Limited
Data last updated:
Bhakti Diamonds Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 17 July 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U52399MH2010PTC205555.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Premal Sudhir Shah and Urvi Premal Shah.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Ge8041/Ge8042 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2020, the company reported a revenue of ₹39,452, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹28,032 (net margin -71.1%) and EBITDA of -₹25,613 (EBITDA margin -64.9%). Revenue has declined at a compounded annual rate (CAGR) of 572% over three years and 46% over five years.
As per MCA filings, the company had satisfied charges of ₹20 Cr on record.
Company details
Contact details
Bhakti Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGe8041/Ge8042 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Bhakti 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
Business activity
The main business activity of Bhakti Diamonds is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Bhakti Diamonds Private Limited
FY 2020 filings availableBhakti Diamonds Private Limited reported revenue of ₹39,452 (down 38% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 38% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹39,452 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹25,613 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28,032 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.9% | ||||
| Net Profit Margin | -71.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Bhakti Diamonds Private Limited, buy the company report.
Board of directors of Bhakti Diamonds Private Limited
Bhakti Diamonds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Premal Sudhir Shah Also directs: Ebdiamonds LLP, Dinurje Jewellery Private Limited (Part IX), Ecobrilliance Private Limited and 2 more | Director | 06 Dec 2017 | 8 Years 11 Months | As last reported |
| Urvi Premal Shah | Director | 06 Dec 2017 | 8 Years 11 Months | As last reported |
Auditor
Bhakti Diamonds Private Limited is audited by R M R & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R M R & CO | FY 2020 | 106467W |
Shareholding
The shareholding of Bhakti Diamonds Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bhakti Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2014 | 10509582 | Canara Bank | ₹20 Cr | Satisfied |
To see the full charge records of Bhakti Diamonds Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Bhakti 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 Bhakti 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 Bhakti Diamonds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bhakti Diamonds Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Urvi Premal Shah ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Bhakti Diamonds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Bhakti Diamonds was a private limited company based in Mumbai, Maharashtra, India. The company worked in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 17 July 2010 and is registered under CIN U52399MH2010PTC205555. The company has been struck off by the Registrar of Companies and is no longer operational.
Bhakti Diamonds had 2 directors:
- Premal Sudhir Shah - Director
- Urvi Premal Shah - Director
The CIN (Corporate Identification Number) of Bhakti Diamonds is U52399MH2010PTC205555. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bhakti Diamonds is at Ge8041Ge8042 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Bhakti Diamonds was incorporated on 17 July 2010. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Bhakti Diamonds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
Bhakti Diamonds operated in the consumer goods industry, in the jewelry and gemstone retail and distribution segment. It worked in this industry before it was struck off.
Urvi Premal Shah ceased to be Additional Director on 29 Sep 2018. Premal Sudhir Shah was appointed as Director on 06 Dec 2017. Urvi Premal Shah was appointed as Director on 06 Dec 2017. Bhakti Diamonds has 5 board changes on record in total.
Bhakti Diamonds has no open charges and satisfied charges of ₹20 Cr as per latest MCA filings.
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