About Diamond and Gem Development Corporation Limited
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Diamond and Gem Development Corporation Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36900MH1988PLC045934. Its GSTIN is 27AACCD4630Q2ZB (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.36 Cr. It was formerly known as Diamond and Gem Development Corporation and Diamond and Gem Development Corporation Ltd. It is led by directors including Praveen Sharma (Managing Director) and Yash Praveen Sharma (Whole-Time Director).
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 141 Atlanta 14th Flnariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.07 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹8.62 Cr (net margin 8.9%) and EBITDA of ₹15.56 Cr (EBITDA margin 16%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Surat Special Economic Zone. As per MCA filings, the company has open charges of ₹1.76 Cr and satisfied charges of ₹29.34 Cr on record. Court records list 39 cases involving the company, including 9 filed by the company and 30 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sursez.com.
Company details
Name history
Diamond and Gem Development Corporation has undergone 3 name changes throughout its history. The company was previously known as Diamond And Gem Development Corporation, Diamond And Gem Development Corporation Ltd, and Diamond And Gem Development Corporation Private Limited. The current legal name is Diamond And Gem Development Corporation Limited.
| Company Name | Status |
|---|---|
| Diamond and Gem Development Corporation Limited | Current |
| Diamond And Gem Development Corporation | Previous |
| Diamond And Gem Development Corporation Ltd | Previous |
| Diamond And Gem Development Corporation Private Limited | Previous |
CIN history
Diamond and Gem Development Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U36900MH1988PLC045934, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36900MH1988PLC045934 | Current |
| L36900MH1988PLC045934 | Previous |
| U36900MH1988PTC045934 | Previous |
Contact details
Diamond and Gem Development Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is sursez.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address141 Atlanta 14th Flnariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Diamond and Gem Development Corporation 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
Brands
Diamond and Gem Development Corporation operates one associated brand: Surat Special Economic Zone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Management of a special economic zone in Surat, offering incentives for non-polluting industries. | sursez.com |
Business activity
The main business activities of Diamond and Gem Development Corporation are transport and storage, real estate and trade. In detail, this covers warehousing and storage, real estate activities with own or leased property and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | |
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| G | Trade | G2 | Retail Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Diamond and Gem Development Corporation Limited, buy the company report.
Financials of Diamond and Gem Development Corporation Limited
FY 2025 filings availableDiamond and Gem Development Corporation Limited reported revenue of ₹97.07 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 9% fall in the latest year. EBITDA fell 29% 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 | ₹15.56 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹8.62 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 | 16% | ||||
| Net Profit Margin | 8.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Diamond and Gem Development Corporation Limited, buy the company report.
Board of directors of Diamond and Gem Development Corporation Limited
Diamond and Gem Development Corporation has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Gehralal Mathur Also directs: Sez Developers Association of India, Jaipur Gemstone Exchange, Surat Hira Bourse and 1 more | Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Praveen Sharma | Managing Director | 23 Sep 2002 | 24 Years 1 Months | Current |
| Yash Praveen Sharma | Whole-Time Director | 01 Jul 2019 | 7 Years 4 Months | Current |
Auditor
Diamond and Gem Development Corporation Limited is audited by UMDS and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMDS and Co. | FY 2023 | 106342W |
Shareholding
The shareholding of Diamond and Gem Development Corporation 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 Diamond and Gem Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101153253 | Axis Bank Limited | ₹75.25 Lakh | Open | |
| 26 Jun 2025 | 101122082 | Others | ₹10 Lakh | Open | |
| 14 Feb 2025 | 101058058 | Others | ₹11 Lakh | Open | |
| 30 Aug 2024 | 100976690 | Others | ₹70 Lakh | Open | |
| 30 Dec 2023 | 100843521 | Others | ₹9.5 Lakh | Open |
To see the full charge records of Diamond and Gem Development Corporation Limited, buy the company report.
Total charge records: 36 View all charges
Legal cases
Diamond and Gem Development Corporation Limited has 39 court cases on record: 9 filed by Diamond and Gem Development Corporation, 30 filed against it. 3 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 18 | 2 |
| District courts | 14 | 11 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Jash Pharma Private Limited | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by M/S.Morex Industries Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Maxheal Laboratories Private Limited | Disposed |
| High Court, MAHARASHTRA | Appeal | Filed against the company by M/S.Morex Industries Private Limited | Disposed |
| District court, SURAT, Gujarat | Court case (SMCST) | Filed against the company by Vivek Anilkumar Tulshyan, Autho. Person of Gomti Processors Ltd | Disposed |
To see the full case history of Diamond and Gem Development Corporation 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 Diamond and Gem Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Diamond and Gem Development Corporation Limited has a workforce of 99 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Diamond and Gem Development Corporation has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD4630Q2ZB | Maharashtra | Active | 01 Jul 2017 |
| 27AACCD4630Q3ZA | Maharashtra | Active | 17 Mar 2023 |
| 08AACCD4630Q1ZC | Rajasthan | Active | 01 Jul 2017 |
| 24AACCD4630Q1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diamond and Gem Development Corporation Limited, buy the company report.
Recent activity
Diamond and Gem Development Corporation Limited has 13 board changes on record since 2002: 3 appointments and 10 cessations. The latest: Anil Gehralal Mathur ceased to be Additional Director on 29 Sep 2023.
74 earlier events are in the company report.
Frequently asked questions
Diamond and Gem Development Corporation is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 19 January 1988 (38+ years old) and is registered under CIN U36900MH1988PLC045934.
Diamond and Gem Development Corporation has 3 current directors:
- Praveen Sharma - Managing Director
- Yash Praveen Sharma - Whole-Time Director
- Anil Gehralal Mathur - Director
The latest financial statements of Diamond and Gem Development Corporation 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 Diamond and Gem Development Corporation is 27AACCD4630Q2ZB, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AACCD4630Q3ZA (Maharashtra), 08AACCD4630Q1ZC (Rajasthan), 24AACCD4630Q1ZI (Gujarat).
The CIN (Corporate Identification Number) of Diamond and Gem Development Corporation is U36900MH1988PLC045934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diamond and Gem Development Corporation has 39 court cases on record: 9 filed by the company and 30 filed against it. 3 are pending. Most are in the high courts.
Diamond and Gem Development Corporation was incorporated on 19 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Anil Gehralal Mathur ceased to be Additional Director on 29 Sep 2023. Anil Gehralal Mathur was appointed as Director on 26 Jul 2023. Gehralal Amritlal Mathur ceased to be Director on 26 Jul 2023. Diamond and Gem Development Corporation has 13 board changes on record in total.
Diamond and Gem Development Corporation can be reached through the website sursez.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Diamond and Gem Development Corporation is at 141 Atlanta 14th Flnariman Point, Mumbai, Maharashtra, India – 400021.
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