Gemstone Glass Private Limited

Gemstone Glass Private Limited - manufacturing in Mehsana, Gujarat, India. FY 2026 financials & compliance.
CIN U26109GJ2002PTC040927 Incorporated 03 July 2002 ROC Ahmedabad HQ Mehsana, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2025
₹37.26 Cr
▲ 8% YoY
Net profit · FY 2025
₹2.55 Cr
Net margin 6.8%
EBITDA · FY 2025
₹2.5 Cr
EBITDA margin 6.7%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹6.33 Cr
Issued & subscribed
Open charges
₹18.85 Cr
Satisfied ₹15.52 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
151
Provident fund records

About Gemstone Glass Private Limited

Data last updated:

Gemstone Glass Private Limited is a private limited company based in Mehsana, Gujarat, India, a subsidiary of Trend Group Spa. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 03 July 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26109GJ2002PTC040927. Its GSTIN is 24AABCG6672Q1Z2 (Gujarat).

The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.33 Cr. It is led by directors including Riccardo Lorenzo Paolo Bisazza and Andrea Di Giuseppe.

Its last annual general meeting (AGM) was held on 31 May 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 23 – E G I D C Kadi, Mehsana, Gujarat, India – 382715.

As per the financials filed for FY 2025, the company reported a revenue of ₹37.26 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.55 Cr (net margin 6.8%) and EBITDA of ₹2.5 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.

The company has about 151 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹18.85 Cr and satisfied charges of ₹15.52 Cr on record. Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it; 1 case is pending.

Gemstone Glass Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0003597). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pinomosaic.in.

Company details

CIN U26109GJ2002PTC040927
Registration Number 040927
Incorporation Date 03 July 2002
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 May 2025
Date of Balance Sheet 31 March 2024
Parent Company Trend Group Spa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0003597
Key People
Riccardo Lorenzo Paolo Bisazza Director Andrea Di Giuseppe Director Pradeepkumar Vannadil Puthiaveetil Poduval Director

Recognitions & Rankings of Gemstone Glass

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-14-0003597

Contact details

Gemstone Glass Private Limited's registered office is in Mehsana, Gujarat. Its website is pinomosaic.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    pinomosaic.in
  • Registered Address
    23 – E G I D C Kadi, Mehsana, Gujarat, India – 382715
  • Industry
    Manufacturing, Sanitaryware & Tile, Ceramics

To see the full contact details of Gemstone Glass Private Limited, buy the company report.

Comprehensive company report
Gemstone Glass Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Gemstone Glass is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Gemstone Glass Private Limited, buy the company report.

Financials of Gemstone Glass Private Limited

FY 2024 filings available

Gemstone Glass Private Limited reported revenue of ₹37.26 Cr (up 8% YoY) for FY 2025.

Revenue · FY 2025
₹37.26 Cr ▲ 8%
Net profit · FY 2025
₹2.55 Cr margin 6.8%
EBITDA · FY 2025
₹2.5 Cr margin 6.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 6%
5 years · compounded
▲ 6%
EBITDA CAGR growth
3 years · compounded
▲ 42%
5 years · compounded
▲ 4%

Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 8% growth 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.5 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.55 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.7%
Net Profit Margin6.8%
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 Gemstone Glass Private Limited, buy the company report.

Board of directors of Gemstone Glass Private Limited

Gemstone Glass has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Riccardo Lorenzo Paolo Bisazza
Also directs: Trend Mosaics Venezia Private Limited
Director11 Jul 200818 Years 3 MonthsCurrent
Andrea Di Giuseppe
Also directs: Trend Mosaics Venezia Private Limited
Director05 Dec 20205 Years 10 MonthsCurrent
Pradeepkumar Vannadil Puthiaveetil Poduval
Also directs: Trend Mosaics Venezia Private Limited
Director17 Mar 20206 Years 7 MonthsCurrent
View all directors

Peer comparison

Gemstone Glass Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Glass Works), 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jajoo Architectural Glass Private Limited₹38.72 Cr (FY 2025)-11.0%Vadodara, Gujarat, India
Shiva Glass Industries Private Limited₹38.56 Cr (FY 2025)29.0%Ludhiana, Punjab, India
Gemstone Glass Private Limitedthis company₹37.26 Cr (FY 2025)₹2.55 Cr6.8%8.0%151Mehsana, Gujarat, India
Shree Dariyav Glasstech Private Limited₹36.24 Cr (FY 2024)-10.0%Surat, Gujarat, India
Avon Tuff Glass Private Limited₹34.97 Cr (FY 2023)32.0%Bhiwandi, Maharashtra, India
Ridhi Sidhi Glasses (India) Private Limited.₹34.95 Cr (FY 2025)-8.0%Jaipur, Rajasthan, India

To see the full peer comparison of Gemstone Glass Private Limited, buy the company report.

Auditor

Gemstone Glass Private Limited is audited by Harshil Patel & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Harshil Patel & Co.FY 2023148237W

Shareholding

The shareholding of Gemstone Glass Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gemstone Glass Private Limited, buy the company report.

Charges & borrowings

Open charges
₹18.85 Cr
Satisfied charges
₹15.52 Cr
Breakdown by lending institutions
Others₹18.54 Cr
Bank of Baroda₹0.31 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Apr 201510565831Others₹9.27 CrOpen
25 Apr 201510565832Others₹9.27 CrOpen
02 Apr 201310419293Bank of Baroda₹10 LakhOpen
31 May 201010222643Bank of Baroda₹21 LakhOpen
12 Sep 201310450850Bank of Baroda₹6.25 CrSatisfied

To see the full charge records of Gemstone Glass Private Limited, buy the company report.

Total charge records: 9 View all charges

Credit ratings & regulatory alerts

Gemstone Glass Private Limited was last rated by Crisil on 28 Jan 2020.

Rating agencyRated onRating
Crisil28 Jan 2020

To see the full credit ratings and regulatory alerts of Gemstone Glass Private Limited, buy the company report.

MSME payment delays

Gemstone Glass Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 86 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (4 of 4)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Saffro Mellow Coatingsand Resins
an individual supplier

To see the full MSME payment records of Gemstone Glass Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Gemstone Glass has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Trend Mosaics Venezia Private LimitedU26100GJ2011PTC064715

To see the full group structure of Gemstone Glass Private Limited, buy the company report.

Employees & EPFO

Gemstone Glass Private Limited has a workforce of 151 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
151
Active EPFO establishments
1
Employee growth
-10.12%

GST

Gemstone Glass has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCG6672Q1Z2GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Gemstone Glass Private Limited, buy the company report.

Recent activity

Gemstone Glass Private Limited has 15 board changes on record since 2008: 3 appointments and 12 cessations. The latest: Vinay Joshi ceased to be Director on 21 Sep 2022.

AGM
Gemstone Glass Private Limited last Annual general meeting of members was held on 31 May 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 9.27 Cr registered on 28 Apr 2015 with Charge ID 10565831 was modified on 21 Jun 2024.
Charges
A charge with Others of Rs. 9.27 Cr registered on 25 Apr 2015 with Charge ID 10565832 was modified on 14 Jun 2024.
Filing
Gemstone Glass Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Vinay Joshi ceased to be Director.
Ceased
Andrea Di Giuseppe ceased to be Additional Director.
Ceased
Giuseppe Fano ceased to be Additional Director.
Ceased
Pradeepkumar Vannadil Puthiaveetil Poduval ceased to be Additional Director.
Appointed
Andrea Di Giuseppe was appointed as Director.
Ceased
Giuseppe Bruno Bisazza ceased to be Director.
Ceased
Rupesh Hasmukhlal Shah ceased to be Additional Director.
Appointed
Pradeepkumar Vannadil Puthiaveetil Poduval was appointed as Director.

24 earlier events are in the company report.

Frequently asked questions

Gemstone Glass is an active private limited company based in Mehsana, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 03 July 2002 (24+ years old) and is registered under CIN U26109GJ2002PTC040927.

Gemstone Glass has 3 current directors:

The latest financial statements of Gemstone Glass on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 May 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Gemstone Glass is 24AABCG6672Q1Z2, registered in Gujarat.

The CIN (Corporate Identification Number) of Gemstone Glass is U26109GJ2002PTC040927. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gemstone Glass has 12 court cases on record: 2 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.

Gemstone Glass was incorporated on 03 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Gemstone Glass by revenue are Jajoo Architectural Glass Private Limited, Shiva Glass Industries Private Limited, Shree Dariyav Glasstech Private Limited, Avon Tuff Glass Private Limited, Ridhi Sidhi Glasses (India) Private Limited, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).

Vinay Joshi ceased to be Director on 21 Sep 2022. Andrea Di Giuseppe ceased to be Additional Director on 15 Dec 2020. Giuseppe Fano ceased to be Additional Director on 15 Dec 2020. Gemstone Glass has 15 board changes on record in total.

Yes, Gemstone Glass is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0003597).

Gemstone Glass has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 86 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 May 2019.

Gemstone Glass can be reached through the website pinomosaic.in. Its registered office is in Mehsana, Gujarat, India.