About Diagold Designs Limited
Data last updated:
Diagold Designs Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Goldiam International Limited. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 16 October 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36900MH2000PLC129176. Its GSTIN is 27AABCD3716A1Z9 (Maharashtra).
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.38 Cr. It was led by directors including Nirav Milan Mehta (Managing Director) and Rashesh Manharbhai Bhansali.
Its last annual general meeting (AGM) was held on 21 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Cc 2070A Bharat Diamond Bourse G Block BKC Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.1 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net profit of ₹3.52 Lakh (net margin 19.5%) and EBITDA of ₹8.29 Lakh (EBITDA margin 45.8%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 67% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹45.25 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is diagolddesigns.net.
Company details
Contact details
Diagold Designs Limited's registered office is in Mumbai, Maharashtra. Its website is diagolddesigns.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCc 2070A Bharat Diamond Bourse G Block BKC Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Diagold Designs 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
Financials of Diagold Designs Limited
FY 2024 filings availableDiagold Designs Limited reported revenue of ₹18.1 Lakh (down 66% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 66% fall in the latest year. EBITDA fell 54% 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 | ₹8.29 Lakh | ||||
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| Net Profit (PAT) | ₹3.52 Lakh | ||||
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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 | 45.8% | ||||
| Net Profit Margin | 19.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Diagold Designs Limited, buy the company report.
Board of directors of Diagold Designs Limited
Diagold Designs has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashesh Manharbhai Bhansali Also directs: Diagold Designs LLP, Eco-Friendly Diamonds LLP, Goldiam International Limited and 2 more | Director | 16 Oct 2000 | 26 Years 0 Months | As last reported |
| Nirav Milan Mehta Also directs: Diagold Designs LLP | Managing Director | 03 Dec 2001 | 24 Years 11 Months | As last reported |
| Nehal Milan Mehta | Director | 25 Sep 2019 | 7 Years 1 Months | As last reported |
Auditor
Diagold Designs Limited is audited by PULINDRA PATEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PULINDRA PATEL & CO | FY 2023 | 115187W |
Shareholding
The shareholding of Diagold Designs 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 Diagold Designs Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2011 | 10310181 | Punjab National Bank | ₹11 Cr | Satisfied | |
| 27 Dec 2002 | 90144245 | Punjab National Bank | ₹50 Lakh | Satisfied | |
| 14 Sep 2002 | 90144083 | Punjab National Bank | ₹30 Cr | Satisfied | |
| 14 Sep 2002 | 90146340 | Punjab National Bank | ₹3.75 Cr | Satisfied |
To see the full charge records of Diagold Designs Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Diagold Designs Limited has 4 court cases on record: 3 filed by Diagold Designs, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Punjab National Bank | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Punjab National Bank | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Notice cases) | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of Diagold Designs 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
Diagold Designs Limited was last rated by Icra on 16 Aug 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Aug 2019 |
To see the full credit ratings and regulatory alerts of Diagold Designs Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Diagold Designs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Diagold Designs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD3716A1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diagold Designs Limited, buy the company report.
Recent activity
Diagold Designs Limited has 10 board changes on record since 2000: 3 appointments and 7 cessations. The latest: Nehal Milan Mehta ceased to be Additional Director on 24 Sep 2020.
12 earlier events are in the company report.
Frequently asked questions
Diagold Designs has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Diagold Designs was a public limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 16 October 2000 and is registered under CIN U36900MH2000PLC129176. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Diagold Designs is U36900MH2000PLC129176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diagold Designs had 3 directors:
- Nirav Milan Mehta - Managing Director
- Rashesh Manharbhai Bhansali - Director
- Nehal Milan Mehta - Director
Diagold Designs was incorporated on 16 October 2000. It is registered with the Registrar of Companies, Mumbai.
Diagold Designs can be reached through the website diagolddesigns.net. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Diagold Designs is at Cc 2070A Bharat Diamond Bourse G Block BKC Bandra E, Mumbai, Maharashtra, India – 400051.
The latest financial statements of Diagold Designs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 21 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Diagold Designs is 27AABCD3716A1Z9, registered in Maharashtra.
Diagold Designs operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
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