About Blue Carat Private Limited
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Blue Carat Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Lengau Holdings Limited. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 22 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2011FTC218936. Its GSTIN is 27AADCD8973H1Z8 (Maharashtra).
The company has an authorised share capital of ₹14.27 Cr and a paid-up capital of ₹13.27 Cr. It was formerly known as Dalumi Diamond India Private Limited. It is led by directors Jacov Joseph Itzchaki and Bankim Ramanlal Desai.
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 Fw – 8010 Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.47 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹7.41 Cr (net margin -213.5%) and EBITDA of -₹6.53 Cr (EBITDA margin -188%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 34% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluecarat.in.
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- Website
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- Registered AddressFw – 8010 Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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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Business Activity of Blue Carat Private Limited
The main business activity of Blue Carat is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Blue Carat Private Limited FY 2025 filings available
Blue Carat Private Limited reported revenue of ₹3.47 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blue Carat Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 32% 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 of Blue Carat Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹6.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.41 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 of Blue Carat Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -188% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -213.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Blue Carat are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Blue Carat Private Limited
Blue Carat has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jacov Joseph Itzchaki | Director | 22 Jun 2011 | 15 Years 3 Months | Current |
| Bankim Ramanlal Desai | Director | 31 May 2017 | 9 Years 4 Months | Current |
Peer Comparison of Blue Carat Private Limited
Blue Carat Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aadya Commodities Private Limited | ₹3.51 Cr (FY 2016) | •••• | •••• | 54.0% | •••• | New Delhi, Delhi, India |
| Nellai Ventures Private Limited | ₹3.5 Cr (FY 2019) | •••• | •••• | 155.0% | •••• | Mumbai, Maharashtra, India |
| Praadis Luxury Division Private Limited | ₹3.5 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Bhopal, Madhya Pradesh, India |
| Chander Bhan Shiv Narain Talwar Jewellers Private Limited | ₹3.48 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | New Delhi, Delhi, India |
| Noam Diamonds Private Limited | ₹3.48 Cr (FY 2025) | •••• | •••• | 1136.0% | •••• | Surat, Gujarat, India |
| Blue Carat Private Limited this company | ₹3.47 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Customer First Precious Metals Private Limited | ₹3.47 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Kaloor, Kerala, India |
| Mars Comtrade Private Limited | ₹3.46 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Delhi, India |
| Aurum Jewels Park Private Limited | ₹3.45 Cr (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Silvery Designers Private Limited | ₹3.44 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Luv Jewellery Private Limited | ₹3.44 Cr (FY 2025) | •••• | •••• | 201.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Blue Carat by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Blue Carat Private Limited
Blue Carat Private Limited is audited by P. Y. S. & CO. LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. Y. S. & CO. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Blue Carat Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Blue Carat Private Limited
Blue Carat Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Blue Carat Private Limited
Employment history and EPFO contributions of people linked to Blue Carat.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Blue Carat Private Limited
Blue Carat Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Bankim Ramanlal Desai ceased to be Additional Director on 29 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Blue Carat Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Blue Carat Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Blue Carat Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Blue Carat Private Limited
Blue Carat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD8973H1Z8 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Blue Carat Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Blue Carat Private Limited
Blue Carat is an active foreign 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 22 June 2011 (15+ years old) and is registered under CIN U51909MH2011FTC218936.
Blue Carat reported revenue of ₹3.47 Cr for FY 2025 (down 32% YoY).
Blue Carat has 2 current directors:
- Jacov Joseph Itzchaki - Director
- Bankim Ramanlal Desai - Director
Blue Carat reported a net loss of ₹7.41 Cr (net margin -213.5%) and EBITDA of -₹6.53 Cr (EBITDA margin -188%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blue Carat is -15% over three years and -34% over five years. In the latest year (FY 2025) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blue Carat is 27AADCD8973H1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Blue Carat is U51909MH2011FTC218936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Carat was incorporated on 22 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Blue Carat by revenue are Aadya Commodities Private Limited, Nellai Ventures Private Limited, Praadis Luxury Division Private Limited, Chander Bhan Shiv Narain Talwar Jewellers Private Limited, Noam Diamonds Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Bankim Ramanlal Desai ceased to be Additional Director on 29 Sep 2017. Virag Sureshkumar Gandhi ceased to be Director on 01 Jun 2017. Bankim Ramanlal Desai was appointed as Director on 31 May 2017. Blue Carat has 6 board changes on record in total.
Blue Carat can be reached through the website bluecarat.in. Its registered office is in Mumbai, Maharashtra, India.