About Diamond India Limited
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Diamond India Limited is a public 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 16 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2002PLC138275. Its GSTIN is 27AABCD8377R1ZR (Maharashtra). The company holds 14 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹8.57 Cr. It is led by directors including Nilesh Navinchandra Shah (Managing Director) and Jay Mahendra Parikh.
Its last annual general meeting (AGM) was held on 23 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹13,346 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹16.19 Cr (net margin 0.1%) and EBITDA of ₹25.68 Cr (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 8% over five years.
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Diamond India. As per MCA filings, the company has open charges of ₹444.9 Cr and satisfied charges of ₹105 Cr on record. Court records list 19 cases involving the company, including 4 filed by the company and 15 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 diamondindia.net.
Company details
Contact details
Diamond India Limited's registered office is in Mumbai, Maharashtra. Its website is diamondindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address203/ A 2nd Floor C Wing Fortune 2000 G Block Bandra Kurla Complex Bandra Eas, T, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Diamond India 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 India operates one associated brand: Diamond India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Rough diamonds and luxury goods are wholesaled to jewelry manufacturers. | diamondindia.net |
Business activity
The main business activity of Diamond India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Diamond India Limited, buy the company report.
Financials of Diamond India Limited
FY 2026 filings availableDiamond India Limited reported revenue of ₹13,346 Cr (up 23% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA fell 38% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹25.68 Cr | ||||
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| Net Profit (PAT) | ₹16.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Diamond India Limited, buy the company report.
Board of directors of Diamond India Limited
Diamond India has 11 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Mahendra Parikh Also directs: Map Forex Exim Financial Services LLP, 3 Souls Jewellery LLP, JLG Diamonds LLP and 2 more | Director | 08 Dec 2017 | 8 Years 10 Months | Current |
| Milan Tanvir Chokshi Also directs: Bulk Diamonds Private Limited, Summit Jewellery LLP, Tanvirkumar Diamonds Limited and 2 more | Director | 27 Sep 2008 | 18 Years 1 Months | Current |
| Nilesh Navinchandra Shah Also directs: Bulk Diamonds Private Limited | Managing Director | 16 Dec 2002 | 23 Years 10 Months | Current |
| Praveenshankar Pratapshankar Pandya Also directs: Shankar Packagings Limited, Shankar Jewels Limited, Bulk Diamonds Private Limited and 1 more | Director | 16 Dec 2002 | 23 Years 10 Months | Current |
| Siddharth Praveenshankar Pandya | Director | 23 Feb 2022 | 4 Years 8 Months | Current |
| Dipika Biyani Also directs: Delta Advisors Private Limited | Director | 23 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Diamond India Limited is audited by RAJENDRA & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA & CO. | FY 2024 | 108355W |
Shareholding
The shareholding of Diamond India Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Diamond India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2023 | 100831068 | Hdfc Bank Limited | ₹200 Cr | Open | |
| 05 Aug 2016 | 100049086 | Others | ₹100 Cr | Open | |
| 12 Dec 2014 | 10581113 | Axis Bank Limited | ₹49.9 Cr | Open | |
| 16 Mar 2007 | 10044291 | Others | ₹95 Cr | Open | |
| 25 Jul 2011 | 10305551 | Axis Bank Limited | ₹105 Cr | Satisfied |
To see the full charge records of Diamond India Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Diamond India Limited has 19 court cases on record: 4 filed by Diamond India, 15 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 0 |
| High courts | 8 | 7 | 3 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Parekh Industries Ltd. | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Pragati Gold Pvt Ltd Throu. Its Signatory Ganpatlal M Jain | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Parekh Industries Ltd. | Disposed |
| High Court of Delhi | Court case (CUSAA) | Filed against the company by The Principal Commissioner of Customs. Hyderabad, | Pending |
| High Court of Delhi | Court case (CUSAA) | Filed by the company against Commissioner of Customs, (Adjudication), New Delhi | Pending |
To see the full case history of Diamond India 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
Diamond India Limited was last rated by Icra on 30 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Apr 2021 |
To see the full credit ratings and regulatory alerts of Diamond India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Diamond India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Diamond India has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Precious Finserve India Limited | U65929MH2017PLC302670 |
To see the full group structure of Diamond India Limited, buy the company report.
Employees & EPFO
Diamond India Limited has a workforce of 12 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Diamond India has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD8377R1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AABCD8377R2ZQ | Maharashtra | Active | 01 Apr 2023 |
| 07AABCD8377R1ZT | Delhi | Active | 01 Jul 2017 |
| 08AABCD8377R1ZR | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diamond India Limited, buy the company report.
Recent activity
Diamond India Limited has 32 board changes on record since 2002: 11 appointments and 21 cessations. The latest: Sudhir Rasiklal Mehta was appointed as Director on 01 Aug 2024.
34 earlier events are in the company report.
Frequently asked questions
Diamond India is an active public limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 16 December 2002 (24+ years old) and is registered under CIN U36911MH2002PLC138275.
Diamond India has 11 current directors:
- Nilesh Navinchandra Shah - Managing Director
- Jay Mahendra Parikh - Director
- Milan Tanvir Chokshi - Director
- Praveenshankar Pratapshankar Pandya - Director
- Siddharth Praveenshankar Pandya - Director
- Dipika Biyani - Director
- Dilip Maneklal Shah - Director
- Mehul Navinchandra Shah - Director
- Suresh Chimanlal Shah - Director
- Sanjay Jayantilal Bhansali - Director
- Sudhir Rasiklal Mehta - Director
The latest financial statements of Diamond India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Diamond India is 27AABCD8377R1ZR, registered in Maharashtra. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCD8377R2ZQ (Maharashtra), 07AABCD8377R1ZT (Delhi), 08AABCD8377R1ZR (Rajasthan).
The CIN (Corporate Identification Number) of Diamond India is U36911MH2002PLC138275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diamond India has 19 court cases on record: 4 filed by the company and 15 filed against it. 3 are pending. Most are in the district courts.
Diamond India was incorporated on 16 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Sudhir Rasiklal Mehta was appointed as Director on 01 Aug 2024. Dipika Biyani ceased to be Additional Director on 29 Sep 2022. Siddharth Praveenshankar Pandya ceased to be Additional Director on 29 Sep 2022. Diamond India has 32 board changes on record in total.
Diamond India can be reached through the website diamondindia.net. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Diamond India is at 203 A 2nd Floor C Wing Fortune 2000 G Block Bandra Kurla Complex Bandra Eas, T, Mumbai, Maharashtra, India – 400051.
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