MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0170061
Carmen Gems Private Limited
Carmen Gems Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.48 Cr
▼ 1% YoY
Net loss · FY 2024
₹9.57 Lakh
Net margin -3.9%
EBITDA · FY 2024
-₹7.57 Lakh
EBITDA margin -3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Carmen Gems Private Limited
Data last updated:
Carmen 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 22 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24233MH2012PTC228617. Its GSTIN is 27AAECC7704Q1Z6 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Carmen Medicines Private Limited. It is led by directors Mahesh Bhagwan Bagwe and Kamaljeet Singh Mohindersingh Duhra.
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 Shop No – 13 First Floor Om Heera Panna Mall Oshiwara Andheri:West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.48 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹9.57 Lakh (net margin -3.9%) and EBITDA of -₹7.57 Lakh (EBITDA margin -3%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 248% over five years.
Carmen Gems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0170061). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Carmen Gems Private Limited
CIN U24233MH2012PTC228617
Registration Number 228617
Incorporation Date 22 March 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0170061
Recognitions & Rankings of Carmen Gems
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShop No – 13 First Floor Om Heera Panna Mall Oshiwara Andheri:West, Mumbai, Maharashtra, India – 400053
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
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Business Activity of Carmen Gems Private Limited
The main business activity of Carmen Gems is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Carmen Gems Private Limited FY 2024 filings available
Carmen Gems Private Limited reported revenue of ₹2.48 Cr (down 1% YoY) for FY 2024.
Revenue · FY 2024
₹2.48 Cr ▼ 1%
Net loss · FY 2024
₹9.57 Lakh margin -3.9%
EBITDA · FY 2024
-₹7.57 Lakh margin -3%
Compounded Annual Growth Rate (CAGR) of Carmen Gems Private Limited
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 75%
5 years · compounded
▲ 248%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▼ 167%
5 years · compounded
▼ 68%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 248%. EBITDA rose 12% 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 Carmen Gems Private Limited
| 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 | -₹7.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.57 Lakh | •••• | •••• | •••• | •••• |
| 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 Carmen Gems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.9% | •••• | •••• | •••• | •••• |
| 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 Carmen Gems are in the company report.
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Financial statements from 2015
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Board of Directors of Carmen Gems Private Limited
Carmen Gems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Bhagwan Bagwe | Director | 01 Aug 2016 | 10 Years 2 Months | Current |
| Kamaljeet Singh Mohindersingh Duhra | Director | 01 Aug 2016 | 10 Years 2 Months | Current |
Peer Comparison of Carmen Gems Private Limited
Carmen Gems Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yuvraj Associates Private Limited | ₹2.53 Cr (FY 2025) | •••• | •••• | 129.0% | •••• | New Delhi, Delhi, India |
| Winsome Diamonds and Jewellery Limited | ₹2.53 Cr (FY 2016) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Gurcharan Jewellers Private Limited | ₹2.52 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Nav Jewels Private Limited | ₹2.49 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Agra, Uttar Pradesh, India |
| B B Zaveri Private Limited | ₹2.48 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| Carmen Gems Private Limited this company | ₹2.48 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Sumangal Diamonds Private Limited | ₹2.48 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Delhi, India |
| Eleglance Jewellery Private Limited | ₹2.48 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| SRS Jewelkon India Private Limited | ₹2.47 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Asha Kamal Creations Private Limited | ₹2.46 Cr (FY 2024) | •••• | •••• | -39.0% | •••• | New Delhi, Delhi, India |
| Steven Quartz Private Limited | ₹2.46 Cr (FY 2018) | •••• | •••• | 277.0% | •••• | Morbi, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Carmen Gems by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 Carmen Gems Private Limited
Carmen Gems Private Limited is audited by B.J. SHAH & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.J. SHAH & ASSOCIATES | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Carmen Gems Private Limited
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Charges & Borrowings of Carmen Gems Private Limited
Carmen Gems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Carmen Gems Private Limited
Employment history and EPFO contributions of people linked to Carmen Gems.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Carmen Gems Private Limited
Carmen Gems Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Dev Sameer Shah ceased to be Director on 15 May 2017.
AGM
Carmen Gems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Carmen Gems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Dev Sameer Shah ceased to be Director.
Ceased
Rupali Sameer Shah ceased to be Director.
Ceased
Sameer Himmatlal Shah ceased to be Director.
Appointed
Kamaljeet Singh Mohindersingh Duhra was appointed as Director.
Appointed
Mahesh Bhagwan Bagwe was appointed as Director.
Incorporation
22 Mar 2012
Carmen Gems Private Limited was registered on 22 Mar 2012 with Roc Mumbai & aged 14 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Carmen Gems Private Limited
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MSME Payment Delays by Carmen Gems Private Limited
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Subsidiaries & Group Companies of Carmen Gems Private Limited
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GST Compliance of Carmen Gems Private Limited
Carmen Gems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC7704Q1Z6 | Maharashtra | Active | 28 Aug 2017 |
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MCA Filings & Documents of Carmen Gems Private Limited
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Frequently Asked Questions about Carmen Gems Private Limited
Carmen 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 22 March 2012 (14+ years old) and is registered under CIN U24233MH2012PTC228617.
Carmen Gems reported revenue of ₹2.48 Cr for FY 2024 (down 1% YoY).
Carmen Gems has 2 current directors:
- Mahesh Bhagwan Bagwe - Director
- Kamaljeet Singh Mohindersingh Duhra - Director
Carmen Gems reported a net loss of ₹9.57 Lakh (net margin -3.9%) and EBITDA of -₹7.57 Lakh (EBITDA margin -3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Carmen Gems is 75% over three years and 248% over five years. In the latest year (FY 2024) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Carmen Gems is 27AAECC7704Q1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Carmen Gems is U24233MH2012PTC228617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carmen Gems was incorporated on 22 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Carmen Gems by revenue are Yuvraj Associates Private Limited, Winsome Diamonds and Jewellery Limited, Gurcharan Jewellers Private Limited, Nav Jewels Private Limited, B B Zaveri Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Dev Sameer Shah ceased to be Director on 15 May 2017. Rupali Sameer Shah ceased to be Director on 15 May 2017. Sameer Himmatlal Shah ceased to be Director on 17 Oct 2016. Carmen Gems has 5 board changes on record in total.
Yes, Carmen Gems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0170061).