MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0144326
Blue Star Diamonds Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹180.46 Cr
▼ 24% YoY
Net loss · FY 2025
₹1.63 Cr
Net margin -0.9%
EBITDA · FY 2025
₹3.56 Cr
EBITDA margin 2%
Authorised capital
₹22 Cr
Registered with MCA
Paid-up capital
₹21.77 Cr
Issued & subscribed
Satisfied charges
₹1,392.63 Cr
No open charges
Company age
18 yrs
Est. 2008
Employees · EPFO
16
Provident fund records
About Blue Star Diamonds Private Limited
Data last updated:
Blue Star Diamonds 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 05 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2008PTC188710. Its GSTIN is 27AADCB6475E1ZN (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.77 Cr. It is led by directors including Arnav Akshay Mehta (Managing Director) and Achal Anuj Mehta.
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 ₹180.46 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.63 Cr (net margin -0.9%) and EBITDA of ₹3.56 Cr (EBITDA margin 2%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 28% over five years.
The company has about 16 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Blue Star Diamonds. As per MCA filings, the company has satisfied charges of ₹1,392.63 Cr on record. Court records list 14 cases involving the company, including 5 filed by the company and 9 filed against it; 7 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹177 Cr; the latest was in February 2015. The company has 13 MSME Form 1 returns on record between 2012 and 2023, listing 123 overdue payments to 14 micro and small suppliers.
Blue Star Diamonds Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0144326). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluestardiamonds.com.
Company details
CIN U36911MH2008PTC188710
Registration Number 188710
Incorporation Date 05 December 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0144326
Key People
Arnav Akshay Mehta Managing Director Achal Anuj Mehta Director Akshay Vasantlal Mehta Director Recognitions & Rankings of Blue Star Diamonds
Contact details
Blue Star Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is bluestardiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressCe9010 Cc9013 Ce9014 Ce9016 9th Flr Tower C Bharat Diamond Bourse Bandra Kurla Complex Ba, Ndra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Blue Star Diamonds Private Limited, buy the company report.
Comprehensive company report
Blue Star Diamonds 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
Blue Star Diamonds operates one associated brand: Blue Star Diamonds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and distributes polished diamonds using innovative techniques worldwide. | bluestardiamonds.com |
Business activity
The main business activity of Blue Star Diamonds is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Blue Star Diamonds Private Limited, buy the company report.
Financials of Blue Star Diamonds Private Limited
FY 2025 filings availableBlue Star Diamonds Private Limited reported revenue of ₹180.46 Cr (down 24% YoY) for FY 2025.
Revenue · FY 2025
₹180.46 Cr ▼ 24%
Net loss · FY 2025
₹1.63 Cr margin -0.9%
EBITDA · FY 2025
₹3.56 Cr margin 2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 40%
5 years · compounded
▼ 28%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 60%
5 years · compounded
▼ 39%
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 24% fall in the latest year. EBITDA fell 8% 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 | ₹3.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.63 Cr | ||||
| Balance Sheet | |||||
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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 | 2% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Blue Star Diamonds Private Limited, buy the company report.
Board of directors of Blue Star Diamonds Private Limited
Blue Star Diamonds has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Achal Anuj Mehta | Director | 05 May 2014 | 12 Years 5 Months | Current |
| Akshay Vasantlal Mehta Also directs: Auro Developers LLP, Aurora Star Services LLP, Star Blue Jewels Private Limited and 2 more | Director | 05 Dec 2008 | 17 Years 10 Months | Current |
| Anuj Vasantlal Mehta Also directs: Aurora Star Services LLP, Star Blue Jewels Private Limited, Blue Heart Jewellery Private Limited and 3 more | Director | 05 Dec 2008 | 17 Years 10 Months | Current |
| Arnav Akshay Mehta Also directs: Star Blue Jewels Private Limited, Blue Heart Jewellery Private Limited, Future Diamond Tech Private Limited and 5 more | Managing Director | 05 Dec 2008 | 17 Years 10 Months | Current |
Auditor
Blue Star Diamonds Private Limited is audited by V. A. Parikh & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. A. Parikh & Associates LLP | FY 2023 | 112787W/ W100073 |
Shareholding
The shareholding of Blue Star Diamonds 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 Blue Star Diamonds Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1,392.63 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2022 | 100596654 | Bank of India | ₹15 Cr | Satisfied | |
| 25 Sep 2020 | 100380514 | Bank of India | ₹5.5 Cr | Satisfied | |
| 27 Nov 2013 | 10472957 | Bank of India | ₹100 Cr | Satisfied | |
| 07 Oct 2013 | 10461621 | Andhra Bank | ₹69.6 Cr | Satisfied | |
| 07 Aug 2013 | 10451154 | Bank of India | ₹80.4 Cr | Satisfied |
To see the full charge records of Blue Star Diamonds Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Blue Star Diamonds Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹177 Cr; the latest was in February 2015.
Total deals
7
Funding rounds
4
Secondary share transfers
3
Disclosed funding
₹177 Cr
Deals on record (4 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Jan 2013 | Funding round | ₹35 Cr | Investors: 2 individuals |
To see the full deal history of Blue Star Diamonds Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Star Diamonds Private Limited has 14 court cases on record: 5 filed by Blue Star Diamonds, 9 filed against it. 7 cases are pending and 7 are disposed.
Total cases
14
Filed by the company
5
Filed against the company
9
Pending
7
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 5 |
| District courts | 4 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Seastork Hospitality Pvt. Ltd. | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (REVISION) | Filed against the company by Seastork Hospitality Private Limited | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Pending |
To see the full case history of Blue Star Diamonds 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
Blue Star Diamonds Private Limited was last rated by Care on 09 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Feb 2022 |
To see the full credit ratings and regulatory alerts of Blue Star Diamonds Private Limited, buy the company report.
MSME payment delays
Blue Star Diamonds Private Limited has 13 MSME Form 1 returns on record between 2012 and 2023, listing 123 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
To see the full MSME payment records of Blue Star Diamonds Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Blue Star Diamonds has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Auro Manufacturing Private Limited | U36912GJ2007PTC050022 |
To see the full group structure of Blue Star Diamonds Private Limited, buy the company report.
Employees & EPFO
Blue Star Diamonds Private Limited has a workforce of 16 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-5.88%
GST
Blue Star Diamonds has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB6475E1ZN | Maharashtra | Active | 01 Jul 2017 |
| 24AADCB6475E1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Blue Star Diamonds Private Limited, buy the company report.
Recent activity
Blue Star Diamonds Private Limited has 7 board changes on record since 2008: 4 appointments and 3 cessations. The latest: Arnav Akshay Mehta ceased to be Director on 15 Jun 2021.
AGM
Blue Star Diamonds Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Blue Star Diamonds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 11 Jul 2022 via Charge ID 100596654 with Bank Of India was fully satisfied on 27 Feb 2023.
Charges
A charge registered on 27 Nov 2013 via Charge ID 10472957 with Bank Of India was fully satisfied on 27 Feb 2023.
Charges
A charge with Bank Of India of Rs. 100.00 Cr registered on 27 Nov 2013 with Charge ID 10472957 was modified on 21 Feb 2023.
Charges
A charge with Bank Of India amounted to Rs. 15.00 Cr with Charge ID 100596654 was registered on 11 Jul 2022.
Charges
A charge registered on 25 Sep 2020 via Charge ID 100380514 with Bank Of India was fully satisfied on 13 Apr 2022.
Ceased
Arnav Akshay Mehta ceased to be Director.
Charges
A charge with Bank Of India amounted to Rs. 5.50 Cr with Charge ID 100380514 was registered on 25 Sep 2020.
Ceased
Mittali Uday Parulkar ceased to be Company Secretary.
Charges
A charge registered on 08 Jan 2013 via Charge ID 10400774 with Standard Chartered Bank was fully satisfied on 18 May 2015.
Charges
A charge registered on 07 Oct 2013 via Charge ID 10461621 with Andhra Bank was fully satisfied on 10 Nov 2014.
16 earlier events are in the company report.
Frequently asked questions
Blue Star Diamonds 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 05 December 2008 (18+ years old) and is registered under CIN U36911MH2008PTC188710.
Blue Star Diamonds has 4 current directors:
- Arnav Akshay Mehta - Managing Director
- Achal Anuj Mehta - Director
- Akshay Vasantlal Mehta - Director
- Anuj Vasantlal Mehta - Director
The latest financial statements of Blue Star Diamonds 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 Blue Star Diamonds is 27AADCB6475E1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCB6475E1ZT (Gujarat).
The CIN (Corporate Identification Number) of Blue Star Diamonds is U36911MH2008PTC188710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Star Diamonds has 14 court cases on record: 5 filed by the company and 9 filed against it. 7 are pending. Most are in the high courts.
Blue Star Diamonds was incorporated on 05 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Blue Star Diamonds has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹177 Cr; the latest was in February 2015.
Arnav Akshay Mehta ceased to be Director on 15 Jun 2021. Mittali Uday Parulkar ceased to be Company Secretary on 09 May 2018. Achal Anuj Mehta was appointed as Director on 05 May 2014. Blue Star Diamonds has 7 board changes on record in total.
Yes, Blue Star Diamonds is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0144326).
Blue Star Diamonds has 13 MSME Form 1 returns on record between 2012 and 2023, listing 123 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Aug 2023.