MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0029124
Cupid Diamonds Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹322.74 Cr
▼ 33% YoY
Net loss · FY 2024
₹1.7 Cr
Net margin -0.5%
EBITDA · FY 2024
₹3.89 Cr
EBITDA margin 1.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹34.89 Lakh
Satisfied ₹9 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
36
Provident fund records
About Cupid Diamonds Private Limited
Data last updated:
Cupid 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 04 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2002PTC136419. Its GSTIN is 27AABCC8282A1ZV (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Nimesh Piyush Mehta and Milan Ashwin Shah.
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 8010 B And 8010 C 8th Floor Bc Tower G Block, Bharat Diamond Bourse Bandra Kurla Complex Bandra East Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹322.74 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.7 Cr (net margin -0.5%) and EBITDA of ₹3.89 Cr (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cupid Diamonds. As per MCA filings, the company has open charges of ₹34.89 Lakh and satisfied charges of ₹9 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 2 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in March 2021.
Cupid Diamonds Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0029124). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cupiddiamonds.in.
Company details
CIN U36911MH2002PTC136419
Registration Number 136419
Incorporation Date 04 July 2002
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 Medium
Udyam Registration UDYAM-MH-19-0029124
Recognitions & Rankings of Cupid Diamonds
Contact details
Cupid Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is cupiddiamonds.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8010 B And 8010 C 8th Floor Bc Tower G Block, Bharat Diamond Bourse Bandra Kurla Complex Bandra East Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Cupid Diamonds Private Limited, buy the company report.
Comprehensive company report
Cupid 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
Cupid Diamonds operates one associated brand: Cupid Diamonds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of diamond | cupiddiamonds.in |
Business activity
The main business activity of Cupid Diamonds is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Cupid Diamonds Private Limited, buy the company report.
Financials of Cupid Diamonds Private Limited
FY 2024 filings availableCupid Diamonds Private Limited reported revenue of ₹322.74 Cr (down 33% YoY) for FY 2024.
Revenue · FY 2024
₹322.74 Cr ▼ 33%
Net loss · FY 2024
₹1.7 Cr margin -0.5%
EBITDA · FY 2024
₹3.89 Cr margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 49%
3 years · compounded
▲ 16%
5 years · compounded
▲ 243%
Revenue fell 33% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 49% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.7 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Cupid Diamonds Private Limited, buy the company report.
Board of directors of Cupid Diamonds Private Limited
Cupid Diamonds has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimesh Piyush Mehta | Director | 24 Dec 2008 | 17 Years 10 Months | Current |
| Milan Ashwin Shah | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Cupid Diamonds Private Limited is audited by VINAYAKA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINAYAKA & CO | FY 2023 | 111487W |
Shareholding
The shareholding of Cupid Diamonds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cupid Diamonds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹34.89 Lakh
Satisfied charges
₹9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2023 | 100752040 | Hdfc Bank Limited | ₹34.89 Lakh | Open | |
| 12 Sep 2003 | 90148384 | State Bank of Hyderabad | ₹9 Cr | Satisfied |
To see the full charge records of Cupid Diamonds Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Cupid Diamonds Private Limited has 6 deals on record (6 secondary share transfers); the latest was in March 2021.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Cupid 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
Cupid Diamonds Private Limited has 5 court cases on record: 1 filed by Cupid Diamonds, 4 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| Bombay High Court | Court case (NMW) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref.IDA) | Filed by the company against an individual | Disposed |
To see the full case history of Cupid 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cupid Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cupid Diamonds Private Limited has a workforce of 36 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
33.33%
GST
Cupid Diamonds has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC8282A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cupid Diamonds Private Limited, buy the company report.
Recent activity
Cupid Diamonds Private Limited has 18 board changes on record since 2002: 10 appointments and 8 cessations. The latest: Romy Piyush Mehta ceased to be Director on 01 Feb 2021.
AGM
Cupid Diamonds Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Cupid Diamonds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100752040 was registered on 15 Feb 2023.
Charges
A charge registered on 12 Sep 2003 via Charge ID 90148384 with State Bank Of Hyderabad was fully satisfied on 06 Oct 2021.
Ceased
Romy Piyush Mehta ceased to be Director.
Ceased
Malay Vinodchandra Mehta ceased to be Director.
Appointed
Milan Ashwin Shah was appointed as Director.
Ceased
Kartik Navinchandra Bhansali ceased to be Director.
Appointed
Malay Vinodchandra Mehta was appointed as Director.
Appointed
Kartik Navinchandra Bhansali was appointed as Director.
Appointed
Romy Piyush Mehta was appointed as Director.
Ceased
Usha Piyush Mehta ceased to be Director.
13 earlier events are in the company report.
Frequently asked questions
Cupid 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 04 July 2002 (24+ years old) and is registered under CIN U36911MH2002PTC136419.
Cupid Diamonds has 2 current directors:
- Nimesh Piyush Mehta - Director
- Milan Ashwin Shah - Director
The latest financial statements of Cupid 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 Cupid Diamonds is 27AABCC8282A1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cupid Diamonds is U36911MH2002PTC136419. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cupid Diamonds has 5 court cases on record: 1 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Cupid Diamonds was incorporated on 04 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Cupid Diamonds has 6 deals on record (6 secondary share transfers); the latest was in March 2021.
Romy Piyush Mehta ceased to be Director on 01 Feb 2021. Malay Vinodchandra Mehta ceased to be Director on 05 Apr 2019. Milan Ashwin Shah was appointed as Director on 05 Apr 2019. Cupid Diamonds has 18 board changes on record in total.
Yes, Cupid Diamonds is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0029124).