India's Richest People 2026 edition · 1 director · Source: Hurun India
- #748 Laljibhai Tulsibhai Patel & family ₹4,200 Cr
Revenue · FY 2025
₹4,145.21 Cr
▼ 20% YoY
Net profit · FY 2025
₹53.79 Cr
Net margin 1.3%
EBITDA · FY 2025
₹185.47 Cr
EBITDA margin 4.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.38 Cr
Issued & subscribed
Open charges
₹1,491.21 Cr
Satisfied ₹989.43 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
293
Provident fund records
About Dharmanandan Diamonds Private Limited
Data last updated:
Dharmanandan 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 31 August 2007 and has been in existence for over 19 years.
Its director Laljibhai Tulsibhai Patel and family are #748 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2007PTC173674. Its GSTIN is 27AACCD6676J1Z8 (Maharashtra). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.38 Cr. It is led by directors including Sanjay Jerambhai Virani and Piyushkumar Laljibhai Patel.
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 Fc 7081 – 82 Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,145.21 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹53.79 Cr (net margin 1.3%) and EBITDA of ₹185.47 Cr (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 9% over five years.
The company has about 293 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dharmanandan Diamonds. As per MCA filings, the company has open charges of ₹1,491.21 Cr and satisfied charges of ₹989.43 Cr on record. Court records list 37 cases involving the company, including 10 filed by the company and 27 filed against it; 5 cases are pending. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹158 Cr; the latest was in March 2024. Its 7 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 3 smaller; the largest is Mahendra Brothers Exports Private Limited with revenue of ₹4,858.82 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ddpl.com.
Company details
CIN U36912MH2007PTC173674
Registration Number 173674
Incorporation Date 31 August 2007
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
Key People
Sanjay Jerambhai Virani Director Piyushkumar Laljibhai Patel Director Shailesh Dayalbhai Goti Director Recognitions & Rankings of Dharmanandan Diamonds
Contact details
Dharmanandan Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is ddpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressFc 7081 – 82 Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Dharmanandan Diamonds Private Limited, buy the company report.
Comprehensive company report
Dharmanandan 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
Dharmanandan Diamonds operates one associated brand: Dharmanandan Diamonds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in manufacturing and designing natural diamonds with professional services. | ddpl.com |
Business activity
The main business activity of Dharmanandan 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 Dharmanandan Diamonds Private Limited, buy the company report.
Financials of Dharmanandan Diamonds Private Limited
FY 2024 filings availableDharmanandan Diamonds Private Limited reported revenue of ₹4,145.21 Cr (down 20% YoY) for FY 2025.
Revenue · FY 2025
₹4,145.21 Cr ▼ 20%
Net profit · FY 2025
₹53.79 Cr margin 1.3%
EBITDA · FY 2025
₹185.47 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▼ 21%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 21%
5 years · compounded
▼ 12%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 20% fall in the latest year. EBITDA fell 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 |
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| EBITDA | ₹185.47 Cr | ||||
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| Net Profit (PAT) | ₹53.79 Cr | ||||
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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 | 4.5% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dharmanandan Diamonds Private Limited, buy the company report.
Board of directors of Dharmanandan Diamonds Private Limited
Dharmanandan Diamonds has 8 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Jerambhai Virani | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Piyushkumar Laljibhai Patel Also directs: Rujave Securities LLP, DDPL Jewels LLP | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Shailesh Dayalbhai Goti | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Laljibhai Tulsibhai Patel Also directs: Patco Foods Private Limited, SDB Diamond Bourse, Samast Patidar Aarogya Foundation and 2 more | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Tulsibhai Keshavbhai Patel | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Prakashkumar Tulsibhai Goti | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Dharmanandan Diamonds Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahendra Brothers Exports Private Limited | ₹4,858.82 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Aj Refinery Private Limited | ₹4,741.75 Cr (FY 2025) | -34.0% | New Delhi, Delhi, India | |||
| Caratlane Trading Private Limited | ₹4,229.64 Cr (FY 2025) | 36.0% | Chennai, Tamil Nadu, India | |||
| Chandukaka Saraf and Sons Private Limited | ₹4,194.12 Cr (FY 2024) | 18.0% | Baramati, Maharashtra, India | |||
| Dharmanandan Diamonds Private Limitedthis company | ₹4,145.21 Cr (FY 2025) | ₹53.79 Cr | 1.3% | -20.0% | 293 | Mumbai, Maharashtra, India |
| A.R.Gold Private Limited | ₹3,707.45 Cr (FY 2025) | 79.0% | Mumbai, Maharashtra, India | |||
| Abans Jewels Limited | ₹3,582.31 Cr (FY 2025) | 166.0% | Mumbai, Maharashtra, India | |||
| Sky Gold and Diamonds Limited | ₹3,580.98 Cr (FY 2025) | 105.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Dharmanandan Diamonds Private Limited, buy the company report.
Auditor
Dharmanandan Diamonds Private Limited is audited by D.J.MEHTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.J.MEHTA & CO. | FY 2023 | 128771W |
Shareholding
The shareholding of Dharmanandan 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 Dharmanandan Diamonds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,491.21 Cr
Satisfied charges
₹989.43 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2022 | 100668955 | Others | ₹1.21 Cr | Open | |
| 12 Feb 2008 | 10091658 | State Bank of India | ₹1,490 Cr | Open | |
| 08 Aug 2022 | 100609504 | State Bank of India | ₹100 Cr | Satisfied | |
| 14 Dec 2021 | 100545868 | Others | ₹105 Cr | Satisfied | |
| 31 Jul 2020 | 100364134 | State Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Dharmanandan Diamonds Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Dharmanandan Diamonds Private Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹158 Cr; the latest was in March 2024.
Total deals
9
Funding rounds
6
Secondary share transfers
3
Disclosed funding
₹158 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Dharmanandan Industries LLP |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Dharmanandan Industries LLP |
| Mar 2015 | Funding round | ₹30 Cr | Investors: 4 individuals |
| Apr 2012 | Funding round | ₹30 Cr | Investors: 4 individuals |
| Dec 2011 | Funding round | ₹19.8 Cr | Investors: 4 individuals |
To see the full deal history of Dharmanandan 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
Dharmanandan Diamonds Private Limited has 37 court cases on record: 10 filed by Dharmanandan Diamonds, 27 filed against it. 5 cases are pending and 32 are disposed.
Total cases
37
Filed by the company
10
Filed against the company
27
Pending
5
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 17 | 5 |
| District courts | 10 | 8 | 0 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Shree Ramakrishna Exports Private Limited Through Its Authorised Representative Having Its Office at: SRK Empire 99, Vasta Devdi Road, Katargam, Surat - 395004 , , Other and 7 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Ltd-Chinmay H. Acharya | Disposed |
| Supreme Court | Court case (3802-Matters Relating To Consumer Protection : SLPs relating to Consumer Protection.) | Filed by the company against The New India Assurance Company Ltd. the New India Assurance Company Ltd. Udhna Division Office-1 (230600) 12, Mahadevnagar, Opp. New Civil Hospital, Majura Gate, Ring Road , District: Surat ,Surat , Gujarat | Disposed |
| Bombay High Court | Company petition | Filed against the company by RRB Energy Ltd. | Disposed |
To see the full case history of Dharmanandan 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
Dharmanandan Diamonds Private Limited was last rated by Icra on 05 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Jul 2021 |
To see the full credit ratings and regulatory alerts of Dharmanandan Diamonds Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dharmanandan Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dharmanandan Diamonds Private Limited has a workforce of 293 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
Employee count
293
Active EPFO establishments
3
Employee growth
-11.75%
GST
Dharmanandan Diamonds has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
5
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD6676J1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 19AACCD6676J1Z5 | West Bengal | Active | 01 Jul 2017 |
| 24AACCD6676J1ZE | Gujarat | Active | 01 Jul 2017 |
| 24AACCD6676J2ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dharmanandan Diamonds Private Limited, buy the company report.
Recent activity
Dharmanandan Diamonds Private Limited has 8 board changes on record since 2007: 8 appointments. The latest: Dayalbhai Keshavbhai Goti was appointed as Director on 31 Aug 2007.
Charges
A charge registered on 28 Jun 2019 via Charge ID 100276578 with Others was fully satisfied on 18 Feb 2025.
Charges
A charge registered on 20 Mar 2020 via Charge ID 100344935 with Others was fully satisfied on 06 Feb 2025.
AGM
Dharmanandan Diamonds Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Dharmanandan Diamonds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 08 Aug 2022 via Charge ID 100609504 with State Bank Of India was fully satisfied on 12 Jun 2023.
Charges
A charge registered on 14 Dec 2021 via Charge ID 100545868 with Others was fully satisfied on 25 Apr 2023.
Charges
A charge with State Bank Of India of Rs. 1,490.00 Cr registered on 12 Feb 2008 with Charge ID 10091658 was modified on 23 Feb 2023.
Charges
A charge with Others amounted to Rs. 1.21 Cr with Charge ID 100668955 was registered on 27 Dec 2022.
Charges
A charge with State Bank Of India amounted to Rs. 100.00 Cr with Charge ID 100609504 was registered on 08 Aug 2022.
Charges
A charge with Others amounted to Rs. 105.00 Cr with Charge ID 100545868 was registered on 14 Dec 2021.
Charges
A charge registered on 31 Jul 2020 via Charge ID 100364134 with State Bank Of India was fully satisfied on 16 Jun 2021.
Charges
A charge registered on 01 Aug 2018 via Charge ID 100194934 with Others was fully satisfied on 07 Apr 2021.
35 earlier events are in the company report.
Frequently asked questions
Dharmanandan 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 31 August 2007 (19+ years old) and is registered under CIN U36912MH2007PTC173674.
Dharmanandan Diamonds has 8 current directors:
- Sanjay Jerambhai Virani - Director
- Piyushkumar Laljibhai Patel - Director
- Shailesh Dayalbhai Goti - Director
- Laljibhai Tulsibhai Patel - Director
- Tulsibhai Keshavbhai Patel - Director
- Prakashkumar Tulsibhai Goti - Director
- Dayalbhai Keshavbhai Goti - Director
- Hiteshkumar Laljibhai Patel - Director
The latest financial statements of Dharmanandan 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 Dharmanandan Diamonds is 27AACCD6676J1Z8, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 19AACCD6676J1Z5 (West Bengal), 24AACCD6676J1ZE (Gujarat), 24AACCD6676J2ZD (Gujarat).
The CIN (Corporate Identification Number) of Dharmanandan Diamonds is U36912MH2007PTC173674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharmanandan Diamonds has 37 court cases on record: 10 filed by the company and 27 filed against it. 5 are pending. Most are in the high courts.
Dharmanandan Diamonds was incorporated on 31 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Dharmanandan Diamonds has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹158 Cr; the latest was in March 2024.
The peers of Dharmanandan Diamonds by revenue are Mahendra Brothers Exports Private Limited, Aj Refinery Private Limited, Caratlane Trading Private Limited, Chandukaka Saraf and Sons Private Limited, A.R.Gold Private Limited and 2 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Dayalbhai Keshavbhai Goti was appointed as Director on 31 Aug 2007. Hiteshkumar Laljibhai Patel was appointed as Director on 31 Aug 2007. Laljibhai Tulsibhai Patel was appointed as Director on 31 Aug 2007. Dharmanandan Diamonds has 8 board changes on record in total.
Dharmanandan Diamonds can be reached through the website ddpl.com. Its registered office is in Mumbai, Maharashtra, India.