About Gemstone Investments Limited
Data last updated: 22 December 2025
Gemstone Investments Limited is a public limited company based in Malad East, Maharashtra, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 05 October 1994, the company has been in operation for over 32 years.
Registered with ROC Mumbai under CIN L65990MH1994PLC081749. Listed on BSE: 531137.
Capital: an authorised share capital of ₹48 Cr and a paid-up capital of ₹7.48 Cr. It is led by directors including Sudhakar Bhagawatlal Gandhi and Kirti Deepak Vekaria.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Malad East, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.25 Cr, a decline of 41% compared to the previous year.
The company is associated with 1 brand - Gemstone. As per MCA filings, the company has open charges of ₹28.4 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemstoneltd.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressUnit No. 1212 12Th Floor Of Kosha Kommercial Komplex, Podar Road Malad (East) Mumbai, Malad East, Maharashtra, India – 400097
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Gemstone Investments Limited
Gemstone Investments Limited operates one associated brand: Gemstone. These brands represent Gemstone Investments Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Investment portfolios are managed by Gemstone as a firm. | gemstoneltd.com |
Competitors & Alternatives of Gemstone Investments Limited
Brands and companies operating in the same space as Gemstone Investments Limited include Fidelity Investments, UTI Mutual Fund, Goldman Sachs and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fidelity Investments
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
UTI Mutual Fund
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Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
Goldman Sachs
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Investment banking services are delivered across multiple financial sectors. | New York, United States, United States | 1869 |
S&P Global
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Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
Sundaram Finance
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Provider of consumer & SME loans and equipment & vehicle leasing services | Chennai, India, India | 1954 |
Bank of America
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Commercial banking and asset management services are offered worldwide. | Charlotte, United States, United States | 1904 |
State Street
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Financial services are provided to asset managers worldwide. | Boston, United States, United States | - |
FIS
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Software suites for banks and financial institutions are provided. | Jacksonville, United States, United States | 1968 |
Avendus
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Corporate advisory and investment services are provided to clients. | Mumbai, India, India | 1999 |
360 One
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Asset and wealth management software is provided for businesses. | Mumbai, India, India | 2008 |
Business Activity of Gemstone Investments Limited
Gemstone Investments Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Auditor Details of Gemstone Investments Limited
Gemstone Investments Limited is audited by A.RAGHAVENDRA RAO & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| A.RAGHAVENDRA RAO & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-09-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Gemstone Investments Limited
Gemstone Investments Limited is currently managed by 12 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhakar Bhagawatlal Gandhi | Managing Director | 06 Jul 2023 | 3 Years 0 Months | Current |
| Kirti Deepak Vekaria | Director | 08 Aug 2023 | 2 Years 11 Months | Current |
| Rajesh Babulal Maiyani | Director | 07 May 2021 | 5 Years 2 Months | Current |
| Falgun Shah | Director | 12 Apr 2021 | 5 Years 3 Months | Current |
| Tushant Dineshbhai Shah | Cfo | 24 Apr 2025 | 1 Years 2 Months | Current |
|
Roshan Prakash Mayani
Also directs:
Arena Properties Private Limited
|
Director | 04 Sep 2023 | 2 Years 10 Months | Current |
Financials of Gemstone Investments Limited FY 2026 filings available
Gemstone Investments Limited reported revenue of ₹2.23 Cr (up 79.33% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2.23 Cr | ₹1.25 Cr | ₹2.11 Cr | ₹1.19 Cr | ₹90.64 Lakh | ₹2.03 Cr | ₹2 Cr | ₹2.23 Cr |
| Other Income | ₹1,000 | ₹0 | ₹0 | ₹0 | ₹68,000 | ₹77,200 | ₹51,100 | ₹10.52 Lakh |
| Total Income | ₹2.23 Cr | ₹1.25 Cr | ₹2.11 Cr | ₹1.19 Cr | ₹91.32 Lakh | ₹2.04 Cr | ₹2.01 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹24.01 Lakh | ₹17.7 Lakh | ₹4.55 Lakh | ₹3 Lakh | ₹3.64 Lakh | ₹12.34 Lakh | ₹22.72 Lakh | ₹40.23 Lakh |
| Finance Costs | ₹7.69 Lakh | ₹3,000 | ₹1.21 Lakh | ₹2,000 | ₹7.61 Lakh | ₹69,100 | ₹5.65 Lakh | ₹23.16 Lakh |
| Depreciation & Amortisation | ₹1.01 Lakh | ₹20,000 | ₹30,000 | ₹1.25 Lakh | ₹3.65 Lakh | ₹5.71 Lakh | ₹5.71 Lakh | - |
| Other Expenses | ₹1.24 Cr | ₹60.72 Lakh | ₹1.56 Cr | ₹88.06 Lakh | ₹48.16 Lakh | ₹1.33 Cr | ₹67.62 Lakh | ₹51.92 Lakh |
| Total Expenses | ₹1.57 Cr | ₹78.65 Lakh | ₹1.62 Cr | ₹92.33 Lakh | ₹63.05 Lakh | ₹1.51 Cr | ₹1.02 Cr | ₹1.21 Cr |
| Profit Before Exceptional Items & Tax | ₹66.27 Lakh | ₹45.9 Lakh | ₹48.52 Lakh | ₹26.51 Lakh | ₹28.27 Lakh | ₹52.77 Lakh | ₹99.29 Lakh | - |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Profit Before Tax | ₹66.27 Lakh | ₹45.9 Lakh | ₹48.52 Lakh | ₹26.51 Lakh | ₹28.27 Lakh | ₹52.77 Lakh | ₹99.29 Lakh | ₹1.12 Cr |
| Total Tax Expense | ₹25.84 Lakh | ₹13.12 Lakh | ₹13.35 Lakh | ₹3.54 Lakh | ₹7.35 Lakh | ₹13.76 Lakh | ₹25.25 Lakh | ₹31.41 Lakh |
| Net Profit | ₹40.43 Lakh | ₹31.61 Lakh | ₹35.17 Lakh | ₹22.97 Lakh | ₹20.92 Lakh | ₹39.01 Lakh | ₹74.04 Lakh | ₹80.67 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Total Comprehensive Income | ₹40.43 Lakh | ₹31.61 Lakh | ₹35.17 Lakh | ₹22.97 Lakh | ₹20.92 Lakh | ₹39.01 Lakh | ₹74.04 Lakh | - |
| EBITDA (computed) | ₹74.97 Lakh | ₹46.13 Lakh | ₹50.03 Lakh | ₹27.78 Lakh | ₹39.52 Lakh | ₹59.17 Lakh | ₹1.11 Cr | - |
| Basic EPS | ₹0.05 | ₹0.04 | ₹0.05 | ₹0.03 | ₹0.03 | ₹0.05 | ₹0.01 | - |
| Diluted EPS | ₹0.05 | ₹0.04 | ₹0.05 | ₹0.03 | ₹0.03 | ₹0.05 | ₹0.01 | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹53.4 Cr | ₹25.05 Cr | ₹24.57 Cr | ₹24.17 Cr | ₹23.97 Cr | ₹24.82 Cr | ₹24.41 Cr | ₹26.34 Cr |
| Non-current Assets | ₹4.47 Cr | ₹2.37 Lakh | ₹2.23 Lakh | ₹2.74 Lakh | ₹2.29 Lakh | ₹3.97 Cr | ₹3.87 Cr | ₹5.49 Cr |
| Current Assets | ₹48.93 Cr | ₹25.02 Cr | ₹24.55 Cr | ₹24.14 Cr | ₹23.95 Cr | ₹20.84 Cr | ₹20.54 Cr | ₹20.84 Cr |
| Property, Plant & Equipment | ₹3.14 Lakh | ₹1.09 Lakh | ₹78,900 | ₹1.09 Lakh | ₹1.29 Lakh | ₹20.14 Lakh | ₹25.47 Lakh | - |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹0 | ₹3,000 | ₹3,200 | ₹3,200 | ₹27,500 | ₹27,500 | ₹27,500 | - |
| Cash & Equivalents | ₹1.3 Lakh | ₹1 Lakh | ₹100 | ₹21 Lakh | ₹21 Lakh | ₹1,800 | ₹5,000 | ₹8,400 |
| Equity (Net Worth) | ₹49.72 Cr | ₹24.72 Cr | ₹24.4 Cr | ₹24.05 Cr | ₹23.82 Cr | ₹23.61 Cr | ₹23.22 Cr | - |
| Equity Share Capital | ₹7.48 Cr | ₹7.48 Cr | ₹7.48 Cr | ₹7.48 Cr | ₹7.48 Cr | ₹7.48 Cr | ₹7.48 Cr | - |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.44 Lakh | ₹9.83 Lakh | - |
| Borrowings (Current) | ₹3.55 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Total Debt (computed) | ₹3.55 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.44 Lakh | ₹9.83 Lakh | - |
| Current Liabilities | ₹3.68 Cr | ₹32.5 Lakh | ₹16.35 Lakh | ₹11.62 Lakh | ₹14.29 Lakh | ₹1.15 Cr | ₹1.07 Cr | ₹1.01 Cr |
| Total Liabilities | ₹3.68 Cr | ₹32.5 Lakh | ₹16.35 Lakh | ₹11.62 Lakh | ₹15.03 Lakh | ₹1.2 Cr | ₹1.18 Cr | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹27.18 Cr | -₹43.27 Lakh | ₹1.66 Cr | -₹8.95 Lakh | -₹66.9 Lakh |
| Investing Cash Flow | -₹1.95 Cr | -₹50,000 | -₹21 Lakh | -₹34,100 | ₹17 Lakh |
| Financing Cash Flow | ₹28.08 Cr | -₹3,000 | -₹1.21 Lakh | -₹2,000 | -₹11.05 Lakh |
| Capital Expenditure | ₹0 | ₹50,000 | ₹0 | ₹34,100 | ₹0 |
| Free Cash Flow (computed) | -₹27.18 Cr | -₹43.77 Lakh | ₹1.66 Cr | -₹9.29 Lakh | -₹66.9 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹1.05 Cr | -₹43.8 Lakh | ₹1.44 Cr | -₹9.31 Lakh | -₹60.95 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹91.77 Lakh | ₹58.02 Lakh | ₹37.68 Lakh | ₹35.89 Lakh | ₹2.39 Lakh | ₹31.68 Lakh | ₹55.11 Lakh |
| Other Income | ₹0 | ₹1,000 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹91.77 Lakh | ₹58.03 Lakh | ₹37.68 Lakh | ₹35.89 Lakh | ₹2.39 Lakh | ₹31.68 Lakh | ₹55.11 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5.12 Lakh | ₹8.8 Lakh | ₹5.57 Lakh | ₹4.53 Lakh | ₹2.78 Lakh | ₹10.86 Lakh | ₹1.18 Lakh |
| Finance Costs | ₹6.04 Lakh | ₹1.63 Lakh | ₹1,000 | ₹1,000 | ₹1,100 | ₹900 | ₹400 |
| Depreciation & Amortisation | ₹37,000 | ₹47,000 | ₹9,000 | ₹7,000 | ₹4,900 | ₹4,900 | ₹4,900 |
| Other Expenses | ₹26.93 Lakh | ₹71.04 Lakh | ₹11.08 Lakh | ₹15.34 Lakh | ₹10.7 Lakh | ₹18.66 Lakh | ₹11.18 Lakh |
| Total Expenses | ₹38.46 Lakh | ₹81.94 Lakh | ₹16.75 Lakh | ₹19.95 Lakh | ₹13.54 Lakh | ₹29.58 Lakh | ₹12.41 Lakh |
| Profit Before Exceptional Items & Tax | ₹53.31 Lakh | -₹23.91 Lakh | ₹20.93 Lakh | ₹15.94 Lakh | -₹11.15 Lakh | ₹2.1 Lakh | ₹42.7 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹53.31 Lakh | -₹23.91 Lakh | ₹20.93 Lakh | ₹15.94 Lakh | -₹11.15 Lakh | ₹2.1 Lakh | ₹42.7 Lakh |
| Total Tax Expense | ₹14.63 Lakh | ₹2.89 Lakh | ₹4.71 Lakh | ₹3.65 Lakh | ₹4,000 | ₹51,400 | ₹9.74 Lakh |
| Net Profit | ₹38.68 Lakh | -₹26.8 Lakh | ₹16.22 Lakh | ₹12.29 Lakh | -₹11.19 Lakh | ₹1.58 Lakh | ₹32.97 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹38.68 Lakh | -₹26.8 Lakh | ₹16.22 Lakh | ₹12.29 Lakh | -₹11.19 Lakh | ₹1.58 Lakh | ₹32.97 Lakh |
| EBITDA (computed) | ₹59.72 Lakh | -₹21.81 Lakh | ₹21.03 Lakh | ₹16.02 Lakh | -₹11.09 Lakh | ₹2.16 Lakh | ₹42.75 Lakh |
| Basic EPS | ₹0.05 | ₹-0.04 | ₹0.02 | ₹0.02 | ₹-0.02 | ₹0.00 | ₹0.04 |
| Diluted EPS | ₹0.05 | ₹-0.01 | ₹0.02 | ₹0.02 | ₹-0.02 | ₹0.00 | ₹0.04 |
Shareholding Pattern of Gemstone Investments Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, retail and other public shareholders hold 100.00% of Gemstone Investments Limited. The company had 53,455 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | - | - | - | - | - | 0.01% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.99% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | - | - | 0.01% |
| Public | 100.00% | 100.00% | 99.99% |
| Promoter change (YoY, %pts) | - | - | - |
Charges & Borrowings of Gemstone Investments Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2016 | Others | ₹28.4 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Gemstone Investments Limited
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Employee Count & EPFO Data of Gemstone Investments Limited
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GST Compliance of Gemstone Investments Limited
GSTIN & GST Filing Data of Gemstone Investments Limited
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Credit Ratings, Litigation & Regulatory Alerts for Gemstone Investments Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Gemstone Investments Limited
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MSME Payment Delays by Gemstone Investments Limited
MSME Payment Delays by Gemstone Investments Limited
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Subsidiaries & Group Companies of Gemstone Investments Limited
Subsidiaries & Group Companies of Gemstone Investments Limited
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MCA Filings & Documents of Gemstone Investments Limited
MCA Filings & Documents of Gemstone Investments Limited
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Recent Activity on Gemstone Investments Limited
Frequently Asked Questions about Gemstone Investments Limited
Gemstone Investments Limited is an active public limited company in the financial services sector based in Malad East, Maharashtra, India. It was incorporated on 05 October 1994 (32+ years old) and is registered under CIN L65990MH1994PLC081749. Listed on BSE: 531137.
Gemstone Investments Limited reported revenue of ₹1.25 Cr for FY 2025 (down 41.00% YoY).
The current directors of Gemstone Investments Limited are:
- Sudhakar Bhagawatlal Gandhi
- Kirti Deepak Vekaria
- Rajesh Babulal Maiyani
- Falgun Shah
- Jayesh Ratan Ahire
- Tushant Dineshbhai Shah
- Roshan Prakash Mayani
- Santosh Kumar Dwivedi
- Deepak Apraj
- Kishor Chatrabhuj Bodha
- Dhara Chandulal Shiroya
- Tushant Dineshbhai Shah
The primary industry of Gemstone Investments Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Gemstone Investments Limited is listed on BSE with code 531137.
Gemstone Investments Limited can be reached at the registered office: Unit No. 1212 12Th Floor Of Kosha Kommercial Komplex, Podar Road Malad East Mumbai, Malad East, Maharashtra, India – 400097, or through the website gemstoneltd.com.