Forever Gems Private Limited
About Forever Gems Private Limited
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Forever Gems Private Limited is a private limited company based in Palanpur, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 25 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36911GJ2008PTC053023. Its GSTIN is 27AABCF1997K1Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhogilal Jamnadas Sheth and Hemangkumar Bhogilal Sheth.
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 50 – 51 Swati Society Behind Circuit House Aabu Highway Palanpur, Gujarat, India – 385001.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.77 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹18.92 Lakh (net margin 0.7%) and EBITDA of ₹26.95 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Forever Gems Private Limited's registered office is in Palanpur, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address50 – 51 Swati Society Behind Circuit House Aabu Highway Palanpur, Gujarat, India – 385001
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Forever Gems 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 activity of Forever Gems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| 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 |
To see the full business activity and turnover split of Forever Gems Private Limited, buy the company report.
Financials of Forever Gems Private Limited
FY 2025 filings availableForever Gems Private Limited reported revenue of ₹27.77 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 27% growth in the latest year. EBITDA rose 35% 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 | ₹26.95 Lakh | ||||
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| Net Profit (PAT) | ₹18.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Forever Gems Private Limited, buy the company report.
Board of directors of Forever Gems Private Limited
Forever Gems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhogilal Jamnadas Sheth | Director | 13 Nov 2013 | 12 Years 11 Months | Current |
| Hemangkumar Bhogilal Sheth | Director | 25 Feb 2008 | 18 Years 8 Months | Current |
Auditor
Forever Gems Private Limited is audited by BHARAT DESAI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARAT DESAI & CO | FY 2022 | 120179W |
Shareholding
The shareholding of Forever Gems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forever Gems Private Limited, buy the company report.
Legal cases
Forever Gems Private Limited has 5 court cases on record: 2 filed by Forever Gems, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Assistant Commissioner of Income Tax Circle Gandhinagar | Disposed |
| Supreme Court | Appeal | Filed against the company by The Assistant Commissioner of Income Tax Circle Gandhinagar | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Assistant Commissioner of Income Tax, Circle Gandhinagar | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax, Circle Gandhinagar | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax-4 | Disposed |
To see the full case history of Forever Gems 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forever Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forever Gems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF1997K1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Forever Gems Private Limited, buy the company report.
Recent activity
Forever Gems Private Limited has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Bhogilal Jamnadas Sheth ceased to be Additional Director on 29 Sep 2014.
Frequently asked questions
Forever Gems is an active private limited company based in Palanpur, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 25 February 2008 (18+ years old) and is registered under CIN U36911GJ2008PTC053023.
Forever Gems has 2 current directors:
- Bhogilal Jamnadas Sheth - Director
- Hemangkumar Bhogilal Sheth - Director
The latest financial statements of Forever Gems 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 Forever Gems is 27AABCF1997K1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Forever Gems is U36911GJ2008PTC053023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forever Gems has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
Forever Gems was incorporated on 25 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bhogilal Jamnadas Sheth ceased to be Additional Director on 29 Sep 2014. Bhavinkumar Rameshchandra Doshi ceased to be Director on 13 Nov 2013. Bhogilal Jamnadas Sheth was appointed as Director on 13 Nov 2013. Forever Gems has 6 board changes on record in total.
The registered office of Forever Gems is at 50 – 51 Swati Society Behind Circuit House Aabu Highway Palanpur, Gujarat, India – 385001.
Forever Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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