Gem Star Company Private Limited
About Gem Star Company Private Limited
Data last updated:
Gem Star Company Private Limited is a private 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 13 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2000PTC231271. Its GSTIN is 27AABCG2725N1ZG (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.9 Cr. It is led by directors Bhavesh Arvindkumar Shah and Shripal Prasan Manilal.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 305 3rd Floor Mehta Bhavan 311 Girgaon R Mohan Roy Road Opp. Hinduja Collage, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2021, the company reported a revenue of ₹10,170. For the same year it recorded a net loss of ₹14.13 Lakh and EBITDA of -₹8.01 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 68% over five years.
As per MCA filings, the company has open charges of ₹91.22 Cr on record. Court records list 14 cases involving the company, including 7 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Gem Star Company has one previous CIN (Corporate Identification Number): U36911GJ2000PTC037787. The current CIN is U36911MH2000PTC231271, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36911MH2000PTC231271 | Current |
| U36911GJ2000PTC037787 | Previous |
Contact details
Gem Star Company Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address305 3rd Floor Mehta Bhavan 311 Girgaon R Mohan Roy Road Opp. Hinduja Collage, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Gem Star Company 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
Financials of Gem Star Company Private Limited
FY 2025 filings availableGem Star Company Private Limited reported revenue of ₹10,170 for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years. 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10,170 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.13 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Gem Star Company Private Limited, buy the company report.
Board of directors of Gem Star Company Private Limited
Gem Star Company 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 |
|---|---|---|---|---|
| Bhavesh Arvindkumar Shah Also directs: Manilals Holding Private Limited | Director | 07 Sep 2012 | 14 Years 1 Months | Current |
| Shripal Prasan Manilal Also directs: Manilals Holding Private Limited | Director | 13 Apr 2000 | 26 Years 6 Months | Current |
Auditor
Gem Star Company Private Limited is audited by B D JOKHAKAR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D JOKHAKAR & CO | FY 2021 | 104345W |
Shareholding
The shareholding of Gem Star Company Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gem Star Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2013 | 10414119 | Union Bank of India | ₹1.97 Cr | Open | |
| 30 Apr 2012 | 10352154 | Union Bank of India | ₹2 Cr | Open | |
| 20 Dec 2011 | 10329390 | Union Bank of India | ₹1.75 Cr | Open | |
| 22 Dec 2009 | 10191287 | Union Bank of India | ₹2 Cr | Open | |
| 19 Oct 2004 | 80016326 | Union Bank of India | ₹5.25 Cr | Open |
To see the full charge records of Gem Star Company Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Gem Star Company Private Limited has 14 court cases on record: 7 filed by Gem Star Company, 7 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 2 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Union Bank of India | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Pending |
| Bombay High Court | Commercial suit | Filed by the company against an individual | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Disposed |
To see the full case history of Gem Star Company 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 Gem Star Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gem Star Company has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG2725N1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gem Star Company Private Limited, buy the company report.
Recent activity
Gem Star Company Private Limited has 6 board changes on record since 2000: 2 appointments and 4 cessations. The latest: Jagat Pravinchandra Sarabhai ceased to be Director on 11 Sep 2012.
8 earlier events are in the company report.
Frequently asked questions
Gem Star Company is an active 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 13 April 2000 (26+ years old) and is registered under CIN U36911MH2000PTC231271.
Gem Star Company has 2 current directors:
- Bhavesh Arvindkumar Shah - Director
- Shripal Prasan Manilal - Director
The latest financial statements of Gem Star Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gem Star Company is 27AABCG2725N1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Gem Star Company is U36911MH2000PTC231271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gem Star Company has 14 court cases on record: 7 filed by the company and 7 filed against it. 2 are pending. Most are in the high courts.
Gem Star Company was incorporated on 13 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Jagat Pravinchandra Sarabhai ceased to be Director on 11 Sep 2012. Bhavesh Arvindkumar Shah was appointed as Director on 07 Sep 2012. Harsh Nitin Choksi ceased to be Director on 07 Jun 2012. Gem Star Company has 6 board changes on record in total.
The registered office of Gem Star Company is at 305 3rd Floor Mehta Bhavan 311 Girgaon R Mohan Roy Road Opp. Hinduja Collage, Mumbai, Maharashtra, India – 400004.
Gem Star Company operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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