MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0062339
Cluster Jewellery Limited
Cluster Jewellery Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹44.44 Cr
▲ 55% YoY
Net profit · FY 2025
₹33.54 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹65.56 Lakh
EBITDA margin 1.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹94.95 Lakh
Issued & subscribed
Open charges
₹4.65 Cr
Satisfied ₹9.1 Lakh
Company age
22 yrs
Est. 2004
Directors on board
3
As per MCA filings
About Cluster Jewellery Limited
Data last updated:
Cluster Jewellery Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 17 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36911GJ2004PLC044751. Its GSTIN is 24AACCC4432B1ZE (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.95 Lakh. It is led by directors including Gunjan Mahendrabhai Shah and Dipen Mahendrabhai Shah.
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 301 Raindrop Building Opposite Yes Bank C G Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.44 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹33.54 Lakh (net margin 0.8%) and EBITDA of ₹65.56 Lakh (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹4.65 Cr and satisfied charges of ₹9.1 Lakh on record.
Cluster Jewellery Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0062339). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36911GJ2004PLC044751
Registration Number 044751
Incorporation Date 17 September 2004
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-01-0062339
Key People
Gunjan Mahendrabhai Shah Director Dipen Mahendrabhai Shah Director Dax Shah Mahendrakumar Director Recognitions & Rankings of Cluster Jewellery
Contact details
Cluster Jewellery Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address301 Raindrop Building Opposite Yes Bank C G Road, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Cluster Jewellery Limited, buy the company report.
Comprehensive company report
Cluster Jewellery 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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Business activity
The main business activity of Cluster Jewellery 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 Cluster Jewellery Limited, buy the company report.
Financials of Cluster Jewellery Limited
FY 2025 filings availableCluster Jewellery Limited reported revenue of ₹44.44 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹44.44 Cr ▲ 55%
Net profit · FY 2025
₹33.54 Lakh margin 0.8%
EBITDA · FY 2025
₹65.56 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 49%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 80%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 55% growth in the latest year. EBITDA rose 28% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹65.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.54 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 1.5% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Cluster Jewellery Limited, buy the company report.
Board of directors of Cluster Jewellery Limited
Cluster Jewellery has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Mahendrabhai Shah Also directs: Vidhaan Education Consultants LLP | Director | 28 Jul 2012 | 14 Years 3 Months | Current |
| Dipen Mahendrabhai Shah Also directs: Vidhaan Education Consultants LLP | Director | 17 Sep 2004 | 22 Years 1 Months | Current |
| Dax Shah Mahendrakumar Also directs: Vidhaan Education Consultants LLP, Shrey Export Private Limited | Director | 17 Sep 2004 | 22 Years 1 Months | Current |
Auditor
Cluster Jewellery Limited is audited by DIPESH CHOKSHI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIPESH CHOKSHI & CO | FY 2020 | 114533W |
Shareholding
The shareholding of Cluster Jewellery Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cluster Jewellery Limited, buy the company report.
Charges & borrowings
Open charges
₹4.65 Cr
Satisfied charges
₹9.1 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2005 | 80009668 | Central Bank of India | ₹4.65 Cr | Open | |
| 05 Oct 2011 | 10314646 | The Federal Bank Ltd. | ₹3.3 Lakh | Satisfied | |
| 03 Oct 2011 | 10314644 | The Federal Bank Ltd. | ₹5.81 Lakh | Satisfied |
To see the full charge records of Cluster Jewellery Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Cluster Jewellery Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cluster Jewellery Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cluster Jewellery has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCC4432B1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cluster Jewellery Limited, buy the company report.
Recent activity
Cluster Jewellery Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Gunjan Mahendrabhai Shah was appointed as Director on 28 Jul 2012.
AGM
Cluster Jewellery Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cluster Jewellery Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Central Bank Of India of Rs. 4.65 Cr registered on 05 Sep 2005 with Charge ID 80009668 was modified on 24 Sep 2015.
Charges
A charge registered on 05 Oct 2011 via Charge ID 10314646 with The Federal Bank Ltd. was fully satisfied on 27 Nov 2014.
Charges
A charge registered on 03 Oct 2011 via Charge ID 10314644 with The Federal Bank Ltd. was fully satisfied on 27 Nov 2014.
Appointed
Gunjan Mahendrabhai Shah was appointed as Director.
Ceased
Mahendra Karsandas Shah ceased to be Director.
Charges
A charge with The Federal Bank Ltd. amounted to Rs. 0.03 Cr with Charge ID 10314646 was registered on 05 Oct 2011.
Charges
A charge with The Federal Bank Ltd. amounted to Rs. 0.06 Cr with Charge ID 10314644 was registered on 03 Oct 2011.
Ceased
Nirav Pravinchandra Khokhani ceased to be Director.
Charges
A charge with Central Bank Of India amounted to Rs. 4.65 Cr with Charge ID 80009668 was registered on 05 Sep 2005.
Appointed
Dax Shah Mahendrakumar was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Cluster Jewellery is an active public limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 17 September 2004 (22+ years old) and is registered under CIN U36911GJ2004PLC044751.
Cluster Jewellery has 3 current directors:
- Gunjan Mahendrabhai Shah - Director
- Dipen Mahendrabhai Shah - Director
- Dax Shah Mahendrakumar - Director
The latest financial statements of Cluster Jewellery 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 Cluster Jewellery is 24AACCC4432B1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Cluster Jewellery is U36911GJ2004PLC044751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cluster Jewellery was incorporated on 17 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gunjan Mahendrabhai Shah was appointed as Director on 28 Jul 2012. Mahendra Karsandas Shah ceased to be Director on 28 Jul 2012. Nirav Pravinchandra Khokhani ceased to be Director on 19 May 2009. Cluster Jewellery has 5 board changes on record in total.
Yes, Cluster Jewellery is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0062339).
The registered office of Cluster Jewellery is at 301 Raindrop Building Opposite Yes Bank C G Road, Ahmedabad, Gujarat, India – 380009.
Cluster Jewellery operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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