About Bhargovi Gems Private Limited
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Bhargovi Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 13 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36996MH2014PTC259276. Its GSTIN is 27AAGCB0954R1Z5 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Vipul Bhagwanbhai Patel and Jatinbhai Bhagwanbhai Patel.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.83 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 2.6%) and EBITDA of ₹1.89 Cr (EBITDA margin 3.3%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 15% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹73 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhargovigems.com.
Company details
Contact details
Bhargovi Gems Private Limited's registered office is in Mumbai, Maharashtra. Its website is bhargovigems.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address43 9th Floor Sheela Apartment Bhulabhai Desai Road Haji Ali Nr Mahala, Xmi Temple, Mumbai, Maharashtra, India – 400026
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Bhargovi Gems 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 Bhargovi Gems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Bhargovi Gems Private Limited, buy the company report.
Financials of Bhargovi Gems Private Limited
FY 2025 filings availableBhargovi Gems Private Limited reported revenue of ₹56.83 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 35% fall in the latest year. EBITDA rose 54% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.89 Cr | ||||
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| Net Profit (PAT) | ₹1.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bhargovi Gems Private Limited, buy the company report.
Board of directors of Bhargovi Gems Private Limited
Bhargovi Gems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Bhagwanbhai Patel Also directs: Surat Industrial Engineering Co Pvt Ltd | Director | 13 Nov 2014 | 11 Years 11 Months | Current |
| Jatinbhai Bhagwanbhai Patel Also directs: Surat Industrial Engineering Co Pvt Ltd | Director | 13 Nov 2014 | 11 Years 11 Months | Current |
| Rameshbhai Ravjibhai Patel | Director | 13 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
Bhargovi Gems Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yash Anil Ornaments Private Limited | ₹57.47 Cr (FY 2024) | 32.0% | Mumbai, Maharashtra, India | |||
| Jewel India Private Limited | ₹56.98 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Bhargovi Gems Private Limitedthis company | ₹56.83 Cr (FY 2025) | ₹1.5 Cr | 2.6% | -35.0% | 6 | Mumbai, Maharashtra, India |
| Mayur Chains Private Limited | ₹56.23 Cr (FY 2025) | 1.0% | Zaveri Bazar, Maharashtra, India |
To see the full peer comparison of Bhargovi Gems Private Limited, buy the company report.
Auditor
Bhargovi Gems Private Limited is audited by RAMESH RAJNI & CO. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH RAJNI & CO. LLP | FY 2020 | 108568W/W100232 |
Shareholding
The shareholding of Bhargovi Gems Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhargovi Gems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2014 | 10571774 | Bank of India | ₹73 Cr | Satisfied |
To see the full charge records of Bhargovi Gems Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Bhargovi Gems Private Limited has 12 court cases on record: 3 filed by Bhargovi Gems, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 9 | 0 |
| District courts | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against David Block Chief Executive Officer Galatea Ltd., Sarine Technologies Ltd., and Sarin Technologies India Private Limited Having Office at: Plot No. 133, T.P. No -4, City Survey No. 307 , , Other and 10 others | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against Galatea Ltd and 5 others | Disposed |
| High Court of Gujarat | Court case (AO) | Filed against the company by Galatea Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Sarine Technologies Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company | Disposed |
To see the full case history of Bhargovi Gems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Bhargovi Gems Private Limited was last rated by Crisil on 01 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Apr 2020 |
To see the full credit ratings and regulatory alerts of Bhargovi Gems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhargovi Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhargovi Gems Private Limited has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Bhargovi Gems has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB0954R1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AAGCB0954R2ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhargovi Gems Private Limited, buy the company report.
Recent activity
Bhargovi Gems Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Bhagwanbhai Popatbhai Patel ceased to be Director on 01 Apr 2020.
Frequently asked questions
Bhargovi Gems is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 13 November 2014 (12+ years old) and is registered under CIN U36996MH2014PTC259276.
Bhargovi Gems has 3 current directors:
- Vipul Bhagwanbhai Patel - Director
- Jatinbhai Bhagwanbhai Patel - Director
- Rameshbhai Ravjibhai Patel - Director
The latest financial statements of Bhargovi Gems 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 GSTIN of Bhargovi Gems is 27AAGCB0954R1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAGCB0954R2ZA (Gujarat).
The CIN (Corporate Identification Number) of Bhargovi Gems is U36996MH2014PTC259276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhargovi Gems has 12 court cases on record: 3 filed by the company and 9 filed against it. Most are in the high courts.
Bhargovi Gems was incorporated on 13 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bhargovi Gems by revenue are Yash Anil Ornaments Private Limited, Jewel India Private Limited, Mayur Chains Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Bhagwanbhai Popatbhai Patel ceased to be Director on 01 Apr 2020. Dineshkumar Shamjibhai Patel ceased to be Director on 04 Mar 2015. Jatinbhai Bhagwanbhai Patel was appointed as Director on 13 Nov 2014. Bhargovi Gems has 5 board changes on record in total.
Bhargovi Gems can be reached through the website bhargovigems.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bhargovi Gems is at 43 9th Floor Sheela Apartment Bhulabhai Desai Road Haji Ali Nr Mahala, Xmi Temple, Mumbai, Maharashtra, India – 400026.
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