Combine Diamonds Private Limited
About Combine Diamonds Private Limited
Data last updated:
Combine Diamonds Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 30 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH1998PTC117266. Its GSTIN is 27AAACC9949H1ZA (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.76 Cr. It was formerly known as Combine Diamonds Limited. It is led by directors Pratik Dinesh Desai (Whole-Time Director) and Dinesh Shantilal Desai (Whole-Time Director).
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 601 Sujal Chsl Sv Road Behind Dhanabai Jeweller Santacruz West, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.37 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹56.61 Lakh (net margin -23.9%) and EBITDA of ₹1.37 Cr (EBITDA margin 57.6%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 43% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹69.5 Cr on record. Court records list 24 cases involving the company, including 22 filed by the company and 2 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Combine Diamonds has one previous CIN (Corporate Identification Number): U36912MH1998PLC117266. The current CIN is U36912MH1998PTC117266, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36912MH1998PTC117266 | Current |
| U36912MH1998PLC117266 | Previous |
Contact details
Combine Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address601 Sujal Chsl Sv Road Behind Dhanabai Jeweller Santacruz West, Mumbai, Maharashtra, India – 400054
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Combine Diamonds Private Limited, buy the company report.
- 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
Business activity
The main business activity of Combine Diamonds 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 Combine Diamonds Private Limited, buy the company report.
Financials of Combine Diamonds Private Limited
FY 2024 filings availableCombine Diamonds Private Limited reported revenue of ₹2.37 Cr (down 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 73% fall in the latest year. EBITDA fell 6% 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 | ₹1.37 Cr | ||||
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| Net Profit (PAT) | -₹56.61 Lakh | ||||
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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 | 57.6% | ||||
| Net Profit Margin | -23.9% | ||||
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To see the full financial statements and ratios of Combine Diamonds Private Limited, buy the company report.
Board of directors of Combine Diamonds Private Limited
Combine Diamonds has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Dinesh Desai | Whole-Time Director | 15 Jan 2007 | 19 Years 9 Months | Current |
| Dinesh Shantilal Desai Also directs: Combine Gems LLP, Combine Realty Private Limited | Whole-Time Director | 01 Apr 2000 | 26 Years 6 Months | Current |
Auditor
Combine Diamonds Private Limited is audited by M V Sanghavi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V Sanghavi & Associates | FY 2023 | 141352W |
Shareholding
The shareholding of Combine 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 Combine Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2015 | 10608480 | Indian Overseas Bank | ₹1 Cr | Satisfied | |
| 23 Jun 2009 | 10165740 | Indian Overseas Bank | ₹1 Cr | Satisfied | |
| 17 Sep 2008 | 10124122 | Oriental Bank of Commerce Prbhadevi Branch | ₹7 Cr | Satisfied | |
| 04 Aug 2008 | 10117669 | Indian Overseas Bank | ₹1 Cr | Satisfied | |
| 27 Feb 2008 | 10102528 | Indian Overseas Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Combine Diamonds Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Combine Diamonds Private Limited has 24 court cases on record: 22 filed by Combine Diamonds, 2 filed against it. 7 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 2 | 7 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Arya Diamond Jewellery-India Pvt. Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Ms P. S. Seth Sons Jewellers Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Jaipur Gems and Jewels Exports and Ors and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Combine 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
Combine Diamonds Private Limited was last rated by Care on 06 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Aug 2021 |
To see the full credit ratings and regulatory alerts of Combine Diamonds Private Limited, buy the company report.
MSME payment delays
Combine Diamonds Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 18 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Malca-Amit JK Logistics Private Limited |
To see the full MSME payment records of Combine Diamonds Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Combine Diamonds Private Limited has a workforce of 2 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Combine Diamonds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC9949H1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Combine Diamonds Private Limited, buy the company report.
Recent activity
Combine Diamonds Private Limited has 7 board changes on record since 2000: 2 appointments and 5 cessations. The latest: Vijaykumar Umiyashankar Akhani ceased to be Director on 31 Jul 2017.
13 earlier events are in the company report.
Frequently asked questions
Combine Diamonds is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 30 November 1998 (28+ years old) and is registered under CIN U36912MH1998PTC117266.
Combine Diamonds has 2 current directors:
- Pratik Dinesh Desai - Whole-Time Director
- Dinesh Shantilal Desai - Whole-Time Director
The latest financial statements of Combine Diamonds 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 Combine Diamonds is 27AAACC9949H1ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Combine Diamonds is U36912MH1998PTC117266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Combine Diamonds has 24 court cases on record: 22 filed by the company and 2 filed against it. 7 are pending.
Combine Diamonds was incorporated on 30 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Vijaykumar Umiyashankar Akhani ceased to be Director on 31 Jul 2017. Pankaj Jayantilal Shah ceased to be Whole-Time Director on 25 Sep 2008. Pratik Dinesh Desai ceased to be Director on 01 Apr 2008. Combine Diamonds has 7 board changes on record in total.
Combine Diamonds has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 18 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
The registered office of Combine Diamonds is at 601 Sujal Chsl Sv Road Behind Dhanabai Jeweller Santacruz West, Mumbai, Maharashtra, India – 400054.
Combine Diamonds operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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