About Firestar Diamond International Private Limited
Data last updated:
Firestar Diamond International Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Firestar International Private Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 09 September 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2006PTC164429. Its GSTIN is 27AABCJ7268H2Z9 (Maharashtra). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹26.25 Cr. It was formerly known as Jewelry Creators International Private Limited and Firestone Diamond Private Limited. It is led by directors Nirav Deepak Modi and Haresh Vrajlal Shah.
Its last annual general meeting (AGM) was held on 30 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹1,941.54 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹72.87 Cr (net margin 3.8%) and EBITDA of ₹142.86 Cr (EBITDA margin 7.4%).
The company has about 1,220 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,726 Cr and satisfied charges of ₹3,490 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 13 filed against it; 6 cases are pending.
The last known website on record is firestardiamond.com.
Company details
Name history
Firestar Diamond International has undergone 2 name changes throughout its history. The company was previously known as Jewelry Creators International Private Limited, and Firestone Diamond Private Limited. The current legal name is Firestar Diamond International Private Limited.
| Company Name | Status |
|---|---|
| Firestar Diamond International Private Limited | Current |
| Jewelry Creators International Private Limited | Previous |
| Firestone Diamond Private Limited | Previous |
Contact details
Firestar Diamond International Private Limited's registered office is in Mumbai, Maharashtra. Its website is firestardiamond.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No.23 3rd Floor Tower II Wing B Kohinoor City Kirol Road Off Lbs Marg Kurla We, St, Mumbai, Maharashtra, India – 400070
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Firestar Diamond International Private 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
Business activity
The main business activities of Firestar Diamond International are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, retail trading and wholesale trading. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Firestar Diamond International Private Limited, buy the company report.
Financials of Firestar Diamond International Private Limited
FY 2017 filings availableFirestar Diamond International Private Limited reported revenue of ₹1,941.54 Cr (up 24% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year. EBITDA rose 29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1,941.54 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹142.86 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹72.87 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.4% | |
| Net Profit Margin | 3.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Firestar Diamond International Private Limited, buy the company report.
Board of directors of Firestar Diamond International Private Limited
Firestar Diamond International has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Deepak Modi | Director | 09 Sep 2006 | 20 Years 2 Months | As last reported |
| Haresh Vrajlal Shah | Director | 01 Apr 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Firestar Diamond International Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Uni-Design Jewellery Private Limited. | ₹2,189.09 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| K P Sanghvi International Private Limited | ₹2,019.43 Cr (FY 2025) | -36.0% | Mumbai, Maharashtra, India | |||
| PC Universal Private Limited | ₹1,979.05 Cr (FY 2024) | 15007.0% | Delhi, India | |||
| Finestar Jewellery & Diamonds Private Limited | ₹1,974.98 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Firestar Diamond International Private Limitedthis company | ₹1,941.54 Cr (FY 2016) | ₹72.87 Cr | 3.8% | 24.0% | 1,220 | Mumbai, Maharashtra, India |
| S. Vinodkumar Diamonds Private Limited | ₹1,906.45 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Mahavir Bullion & Refinery Private Limited | ₹1,899.51 Cr (FY 2025) | 693.0% | Thane, Maharashtra, India | |||
| Karp Impex Limited | ₹1,896.9 Cr (FY 2024) | -10.0% | Mumbai, Maharashtra, India | |||
| M J Gold Private Limited | ₹1,817.46 Cr (FY 2025) | 89.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Firestar Diamond International Private Limited, buy the company report.
Auditor
Firestar Diamond International Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2016 | 117366W/W100018 |
Shareholding
The shareholding of Firestar Diamond International Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Firestar Diamond International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2015 | 10595293 | Punjab National Bank | ₹400 Cr | Open | |
| 07 Nov 2014 | 10532538 | Pnb Investment Services Limited | ₹2,480 Cr | Open | |
| 09 Aug 2012 | 10373784 | Pnb Investment Services Limited | ₹846 Cr | Open | |
| 24 May 2013 | 10432593 | Bank of India | ₹42 Cr | Satisfied | |
| 08 May 2013 | 10429903 | Oriental Bank of Commerce | ₹80 Cr | Satisfied |
To see the full charge records of Firestar Diamond International Private Limited, buy the company report.
Total charge records: 24 View all charges
Legal cases
Firestar Diamond International Private Limited has 16 court cases on record: 3 filed by Firestar Diamond International, 13 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 5 |
| High courts | 3 | 1 | 0 |
| Supreme Court | 3 | 3 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Beau Jhelum Traders and Developers Private Limited, Rep. by Its Director S N Srinivasan | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Beau Jhelum Traders and Developers Private Limited Rep by S.N Srinivasan | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S.Essel Finance VKC Forex Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company | Pending |
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed against the company by an individual | Pending |
To see the full case history of Firestar Diamond International 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
Firestar Diamond International Private Limited was last rated by Indiarating on 16 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 16 Jun 2020 |
To see the full credit ratings and regulatory alerts of Firestar Diamond International Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Firestar Diamond International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Firestar Diamond International Private Limited has a workforce of 1,220 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Firestar Diamond International has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ7268H2Z9 | Maharashtra | Active | 08 Jul 2020 |
To see the full GST registrations and return filing status of Firestar Diamond International Private Limited, buy the company report.
Recent activity
Firestar Diamond International Private Limited has 10 board changes on record since 2006: 2 appointments and 8 cessations. The latest: Haresh Vrajlal Shah ceased to be Director on 26 Feb 2018.
57 earlier events are in the company report.
News
Frequently asked questions
Firestar Diamond International is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Firestar Diamond International is a company under liquidation, formerly operating as a 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 09 September 2006 and is registered under CIN U51909MH2006PTC164429. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Firestar Diamond International has 2 current directors:
- Nirav Deepak Modi - Director
- Haresh Vrajlal Shah - Director
The latest financial statements of Firestar Diamond International on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 August 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Firestar Diamond International is U51909MH2006PTC164429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firestar Diamond International has open charges of ₹3,726 Cr and satisfied charges of ₹3,490 Cr as per latest MCA filings.
Firestar Diamond International has 16 court cases on record: 3 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Firestar Diamond International was incorporated on 09 September 2006. It is registered with the Registrar of Companies, Mumbai.
The peers of Firestar Diamond International by revenue are Uni-Design Jewellery Private Limited, K P Sanghvi International Private Limited, PC Universal Private Limited, Finestar Jewellery & Diamonds Private Limited, S. Vinodkumar Diamonds Private Limited and 3 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).
Haresh Vrajlal Shah ceased to be Director on 26 Feb 2018. Sanket Shah Bipin ceased to be Company Secretary on 19 Feb 2018. Suresh Chandra Senapaty ceased to be Additional Director on 30 Aug 2017. Firestar Diamond International has 10 board changes on record in total.
Firestar Diamond International can be reached through the website firestardiamond.com. Its registered office is in Mumbai, Maharashtra, India.
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