About Firestar International Limited
Data last updated:
Firestar International Limited is a public limited company based in Mumbai, Maharashtra, India. 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 01 April 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2004PLC145478. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹194.65 Cr. It was formerly known as Firestar International Private Limited and Firestone International Private Limited. It is led by directors including Haresh Vrajlal Shah (Whole-Time Director) and Nirav Deepak Modi.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 2002 20th Floor Peninsula Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹4,534.47 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹431.71 Cr (net margin 9.5%) and EBITDA of ₹779.99 Cr (EBITDA margin 17.2%).
The company has about 819 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹3,726 Cr and satisfied charges of ₹4,393.21 Cr on record. Court records list 18 cases involving the company, including 4 filed by the company and 11 filed against it; 5 cases are pending.
The last known website on record is firestardiamond.com.
Name History of Firestar International Limited
Firestar International has undergone 2 name changes throughout its history. The company was previously known as Firestar International Private Limited, and Firestone International Private Limited. The current legal name is Firestar International Limited.
| Company Name | Status |
|---|---|
| Firestar International Limited | Current |
| Firestar International Private Limited | Previous |
| Firestone International Private Limited | Previous |
CIN History of Firestar International Limited
Firestar International has one previous CIN (Corporate Identification Number): U51909MH2004PTC145478. The current CIN is U51909MH2004PLC145478, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909MH2004PLC145478 | Current |
| U51909MH2004PTC145478 | Previous |
- EmailLocked
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- Website
- Social MediaLocked
- Registered Address2001 & 2002 20th Floor Peninsula Business Park Tower B Ganpatrao Kadam Marg Lower Par, El, Mumbai, Maharashtra, India – 400013
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
- One PDF report, delivered after checkout
Financials of Firestar International Limited FY 2017 filings available
Firestar International Limited reported revenue of ₹4,534.47 Cr (up 21% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Firestar International Limited
Revenue rose 21% in the latest year. EBITDA rose 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Firestar International Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹4,534.47 Cr | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹779.99 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹431.71 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 of Firestar International Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 17.2% | •••• |
| Net Profit Margin | 9.5% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Firestar International are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Firestar International Limited
Firestar International has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Deepak Modi | Director | 01 Apr 2004 | 22 Years 6 Months | As last reported |
| Haresh Vrajlal Shah | Whole-Time Director | 01 Apr 2015 | 11 Years 6 Months | As last reported |
| Angelina Nguyen | Director | 06 Jan 2017 | 9 Years 9 Months | As last reported |
Peer Comparison of Firestar International Limited
Firestar International Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kundan Refinery Private Limited | ₹20,252 Cr (FY 2025) | •••• | •••• | 77.0% | •••• | New Delhi, Delhi, India |
| Gitanjali Gems Ltd Listed | ₹16,831 Cr (FY 2017) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Kiran Gems Private Limited | ₹15,100 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| M D Overseas Private Limited | ₹14,127 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Delhi, India |
| Zaveri and Company Private Limited | ₹12,873 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Ahmedabad, Gujarat, India |
| Swarn Shilp Chains & Jewellers Private Limited | ₹11,162 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Mumbai, Maharashtra, India |
| Diamond India Limited | ₹10,894 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Aries Refinery Private Limited | ₹9,141.36 Cr (FY 2025) | •••• | •••• | 206.0% | •••• | New Delhi, Delhi, India |
| Equidem Enterprise Private Limited | ₹8,490.81 Cr (FY 2025) | •••• | •••• | 394.0% | •••• | Ahmedabad, Gujarat, India |
| Ausil Corporation Private Limited | ₹8,247.97 Cr (FY 2025) | •••• | •••• | 147.0% | •••• | Ahmedabad, Gujarat, India |
| Firestar International Limited this company | ₹4,534.47 Cr (FY 2016) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Firestar International by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Firestar International Limited
Firestar International Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Firestar International Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Firestar International Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2015 | Punjab National Bank | ₹400 Cr | Open |
| 04 Feb 2015 | Pnb Investment Services Limited | ₹846 Cr | Open |
| 08 Aug 2012 | Others | ₹2,480 Cr | Open |
| 19 Jul 2014 | Allahabad Bank | ₹100 Cr | Satisfied |
| 22 Mar 2014 | Bank of Maharashtra | ₹95 Cr | Satisfied |
Total charge records: 71 View all charges
Legal Cases of Firestar International Limited
Firestar International Limited has 18 court cases on record: 4 filed by Firestar International, 11 filed against it, 3 where it is another party. 5 cases are pending and 13 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 3 | 2 |
| District courts | 8 | 6 | 3 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (REVN) | Filed against the company by Idbi Bank Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Supreme Consulting and Advisory Services Limited | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax Central-3 | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (PMLA SPL CASE) | Company is another party | Pending |
Full case history
All 18 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Firestar International Limited
Firestar International Limited has a workforce of 819 employees as of Mar 23, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Firestar International Limited
Firestar International has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Firestar Diamond International Private Limited | U51909MH2006PTC164429 | Locked |
| Firestar Diamond International Private Limited | U51909MH2006PTC164429 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Firestar International Limited
Firestar International Limited has 16 board changes on record since 2004: 3 appointments and 13 cessations. The latest: Sanjay Rishi ceased to be Director on 07 Feb 2018.
161 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Firestar International Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Firestar International Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Firestar International Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Firestar International Limited
Firestar International has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Firestar International Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Firestar International Limited
Frequently Asked Questions about Firestar International Limited
Firestar 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 International is a company under liquidation, formerly operating as a 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 01 April 2004 and is registered under CIN U51909MH2004PLC145478. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Firestar International reported revenue of ₹4,534.47 Cr for FY 2016 (up 21% YoY).
Firestar International has 3 current directors:
- Haresh Vrajlal Shah - Whole-Time Director
- Nirav Deepak Modi - Director
- Angelina Nguyen - Director
Firestar International reported a net profit of ₹431.71 Cr (net margin 9.5%) and EBITDA of ₹779.99 Cr (EBITDA margin 17.2%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Firestar International is U51909MH2004PLC145478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firestar International has open charges of ₹3,726 Cr and satisfied charges of ₹4,393.21 Cr as per latest MCA filings.
Firestar International has 18 court cases on record: 4 filed by the company and 11 filed against it. 5 are pending. Most are in the high courts.
Firestar International was incorporated on 01 April 2004. It is registered with the Registrar of Companies, Mumbai.
The peers of Firestar International by revenue are Kundan Refinery Private Limited, Gitanjali Gems Ltd, Kiran Gems Private Limited, M D Overseas Private Limited, Zaveri and Company Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Sanjay Rishi ceased to be Director on 07 Feb 2018. Ravi Shanker Gupta ceased to be Cfo(Kmp) on 05 Feb 2018. Suresh Chandra Senapaty ceased to be Director on 05 Feb 2018. Firestar International has 16 board changes on record in total.