India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Manoj Agarwalla & family ₹1,100 Cr
Black Diamond Explosives Private Limited
Black Diamond Explosives Private Limited - musical instruments in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Private Limited Company musical instruments
Revenue · FY 2024
₹286.69 Cr
▼ 27% YoY
Net profit · FY 2024
₹11.46 Cr
Net margin 4%
EBITDA · FY 2024
₹22.78 Cr
EBITDA margin 7.9%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.18 Cr
Issued & subscribed
Open charges
₹207.49 Cr
Satisfied ₹58.33 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
236
Provident fund records
About Black Diamond Explosives Private Limited
Data last updated:
Black Diamond Explosives Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 28 March 1988 and has been in existence for over 38 years.
Its director Manoj Agarwalla and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U24100WB1988PTC044042. Its GSTIN is 19AABCB0879J1ZF (West Bengal). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.18 Cr. It was formerly known as Black Diamond Explosives Pvt Ltd and Black Diamond Energies Private Limited. It is led by directors including Suyash Khaitan and Aloke Khaitan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 46B 2nd Floor Rafi Ahmed Kidwai Road, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2024, the company reported a revenue of ₹286.69 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹11.46 Cr (net margin 4%) and EBITDA of ₹22.78 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 20% over five years.
The company has about 236 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Black Diamond Explosives. As per MCA filings, the company has open charges of ₹207.49 Cr and satisfied charges of ₹58.33 Cr on record. Court records list 15 cases involving the company, including 9 filed by the company and 6 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24100WB1988PTC044042
Registration Number 044042
Incorporation Date 28 March 1988
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Black Diamond Explosives has undergone 2 name changes throughout its history. The company was previously known as Black Diamond Explosives Pvt Ltd, and Black Diamond Energies Private Limited. The current legal name is Black Diamond Explosives Private Limited.
| Company Name | Status |
|---|---|
| Black Diamond Explosives Private Limited | Current |
| Black Diamond Explosives Pvt Ltd | Previous |
| Black Diamond Energies Private Limited | Previous |
CIN history
Black Diamond Explosives has one previous CIN (Corporate Identification Number): U24292WB1988PTC044042. The current CIN is U24100WB1988PTC044042, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100WB1988PTC044042 | Current |
| U24292WB1988PTC044042 | Previous |
Recognitions & Rankings of Black Diamond Explosives
Contact details
Black Diamond Explosives Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address46B 2nd Floor Rafi Ahmed Kidwai Road, Kolkata, West Bengal, India – 700016
- IndustryMusical Instruments, Jewellery, Musical Instrument, Manufacturing, Sports Goods
To see the full contact details of Black Diamond Explosives Private Limited, buy the company report.
Comprehensive company report
Black Diamond Explosives Private Limited - one report that includes everything
- 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
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Brands
Black Diamond Explosives operates one associated brand: Black Diamond Explosives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in manufacturing explosives for mining and construction industries. | bdepl.com |
Business activity
The main business activity of Black Diamond Explosives 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 Black Diamond Explosives Private Limited, buy the company report.
Financials of Black Diamond Explosives Private Limited
FY 2024 filings availableBlack Diamond Explosives Private Limited reported revenue of ₹286.69 Cr (down 27% YoY) for FY 2024.
Revenue · FY 2024
₹286.69 Cr ▼ 27%
Net profit · FY 2024
₹11.46 Cr margin 4%
EBITDA · FY 2024
₹22.78 Cr margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 23%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 36%
5 years · compounded
▲ 27%
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 46% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.46 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Black Diamond Explosives Private Limited, buy the company report.
Board of directors of Black Diamond Explosives Private Limited
Black Diamond Explosives has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suyash Khaitan Also directs: Anup Malleables Ltd, Chirau Commodities Pvt.Ltd. | Director | 04 Aug 2025 | 1 Years 3 Months | Current |
| Aloke Khaitan Also directs: Universal Mining Solutions LLP, Chirau Commodities Pvt.Ltd., Khaitan Capital Private Limited and 3 more | Director | 31 May 1998 | 28 Years 5 Months | Current |
| Manoj Agarwalla | Director | 29 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Black Diamond Explosives Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| G-Tekt India Private Limited | ₹289.26 Cr (FY 2025) | -25.0% | New Delhi, Delhi, India | |||
| Hollister Medical India Private Limited | ₹288.98 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Uday Jewellery Industries Limited | ₹288.07 Cr (FY 2025) | 65.0% | Hyderabad, Telangana, India | |||
| Lakhtarwala Jewellers Private Limited | ₹287.58 Cr (FY 2025) | -2.0% | Ahmedabad, Gujarat, India | |||
| Antique Granito Private Limited | ₹287.42 Cr (FY 2025) | 2.0% | Rajkot, Gujarat, India | |||
| Black Diamond Explosives Private Limitedthis company | ₹286.69 Cr (FY 2024) | ₹11.46 Cr | 4% | -27.0% | 236 | Kolkata, West Bengal, India |
| B L Lifesciences Private Limited | ₹286.64 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Salvo Industries Private Limited | ₹286.12 Cr (FY 2025) | -24.0% | Secunderabad, Andhra Pradesh, India | |||
| Punjab Bevel Gears Ltd | ₹284.26 Cr (FY 2025) | 6.0% | Delhi, India | |||
| Super Bond Adhesives Private Limited | ₹284.22 Cr (FY 2025) | 8.0% | Thane, Maharashtra, India | |||
| Samarth Fablon Private Limited | ₹284.05 Cr (FY 2025) | 55.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Black Diamond Explosives Private Limited, buy the company report.
Shareholding
The shareholding of Black Diamond Explosives Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Black Diamond Explosives Private Limited, buy the company report.
Charges & borrowings
Open charges
₹207.49 Cr
Satisfied charges
₹58.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2024 | 100853801 | Hdfc Bank Limited | ₹10.16 Lakh | Open | |
| 18 Nov 2023 | 100842124 | Hdfc Bank Limited | ₹10.38 Lakh | Open | |
| 18 Nov 2023 | 100823566 | Hdfc Bank Limited | ₹10.38 Lakh | Open | |
| 07 Sep 2023 | 100820699 | Axis Bank Limited | ₹3.27 Cr | Open | |
| 28 Apr 2023 | 100720829 | Hdfc Bank Limited | ₹33.77 Lakh | Open |
To see the full charge records of Black Diamond Explosives Private Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
Black Diamond Explosives Private Limited has 15 court cases on record: 9 filed by Black Diamond Explosives, 6 filed against it. 6 cases are pending and 9 are disposed.
Total cases
15
Filed by the company
9
Filed against the company
6
Pending
6
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 4 |
| High courts | 5 | 1 | 0 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Filed by the company against Coal India Limited and 2 others | Pending |
| Supreme Court | Court case (1201-Competition Laws/ MRTP : Competition Laws/ Monopolies and Restrictive Trade Practices Act, 1969) | Filed against the company by Keltech Energies Limited Through Mr. Vijay Nayak Pangal, Director (Operations) Crescent Towers, 6Th Floor, No. 32/1-2, Crescent Road , District: Bangalore ,Bangalore , Karnataka | Pending |
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed against the company | Pending |
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, Dhanbad, Jharkhand | Criminal complaint | Filed by the company against M/S Jai Shree Krishna Mining and Explosive and 2 others | Pending |
To see the full case history of Black Diamond Explosives 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
Black Diamond Explosives Private Limited was last rated by Care on 29 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Mar 2022 |
To see the full credit ratings and regulatory alerts of Black Diamond Explosives Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Black Diamond Explosives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Black Diamond Explosives Private Limited has a workforce of 236 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
236
Active EPFO establishments
1
Employee growth
10.28%
GST
Black Diamond Explosives has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
5
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCB0879J1ZF | West Bengal | Active | 01 Jul 2017 |
| 20AABCB0879J1ZW | Jharkhand | Active | 01 Jul 2017 |
| 22AABCB0879J1ZS | Chattisgarh | Active | 15 Dec 2022 |
| 21AABCB0879J1ZU | Odisha | Active | 06 Feb 2024 |
To see the full GST registrations and return filing status of Black Diamond Explosives Private Limited, buy the company report.
Recent activity
Black Diamond Explosives Private Limited has 14 board changes on record since 1998: 4 appointments and 10 cessations. The latest: Suyash Khaitan was appointed as Director on 04 Aug 2025.
Appointed
Suyash Khaitan was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 144.34 Cr registered on 01 Sep 2006 with Charge ID 90371265 was modified on 28 May 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 31 Jul 2021 with Charge ID 100468400 was modified on 18 Feb 2025.
Charges
A charge registered on 08 Feb 2010 via Charge ID 10200911 with Axis Bank Limited was fully satisfied on 14 Jan 2025.
AGM
Black Diamond Explosives Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Black Diamond Explosives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge registered on 30 May 2023 via Charge ID 100726638 with Axis Bank Limited was fully satisfied on 20 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100853801 was registered on 18 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100842124 was registered on 18 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100823566 was registered on 18 Nov 2023.
Ceased
Harsh Agarwalla ceased to be Director.
Ceased
Nikita Khaitan ceased to be Director.
50 earlier events are in the company report.
Frequently asked questions
Black Diamond Explosives is an active private limited company based in Kolkata, West Bengal, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 28 March 1988 (38+ years old) and is registered under CIN U24100WB1988PTC044042.
Black Diamond Explosives has 3 current directors:
- Suyash Khaitan - Director
- Aloke Khaitan - Director
- Manoj Agarwalla - Director
The latest financial statements of Black Diamond Explosives on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Black Diamond Explosives is 19AABCB0879J1ZF, registered in West Bengal. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 20AABCB0879J1ZW (Jharkhand), 22AABCB0879J1ZS (Chattisgarh), 21AABCB0879J1ZU (Odisha).
The CIN (Corporate Identification Number) of Black Diamond Explosives is U24100WB1988PTC044042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Black Diamond Explosives has 15 court cases on record: 9 filed by the company and 6 filed against it. 6 are pending. Most are in the district courts.
Black Diamond Explosives was incorporated on 28 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Black Diamond Explosives by revenue are G-Tekt India Private Limited, Hollister Medical India Private Limited, Uday Jewellery Industries Limited, Lakhtarwala Jewellers Private Limited, Antique Granito Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Suyash Khaitan was appointed as Director on 04 Aug 2025. Harsh Agarwalla ceased to be Director on 01 Oct 2023. Nikita Khaitan ceased to be Director on 01 Oct 2023. Black Diamond Explosives has 14 board changes on record in total.
The registered office of Black Diamond Explosives is at 46B 2nd Floor Rafi Ahmed Kidwai Road, Kolkata, West Bengal, India – 700016.
Black Diamond Explosives operates in the musical instruments industry, in the jewellery segment.
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