About Giri Diamonds Private Limited
Data last updated:
Giri Diamonds Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 21 February 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27205MH2012PTC227253. Its GSTIN is 27AAECG6057E1ZN (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Ronak Navinchandra Shah and Kalpesh Rajnikant Shah.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.16 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹18,660 (net margin 8.6%) and EBITDA of ₹1.46 Lakh (EBITDA margin 67.5%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 74% over five years.
The last known website on record is giridiamond.com.
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- Registered AddressB – 503 Gokul Vrindavan Chs Ltd. Shantilal Modi Cross Road No. 2 Irani Wadi Kandivali, (West), Mumbai, Maharashtra, India – 400067
- 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
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Financials of Giri Diamonds Private Limited FY 2022 filings available
Giri Diamonds Private Limited reported revenue of ₹2.16 Lakh (up 33% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Giri Diamonds Private Limited
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 74%. EBITDA rose 46% 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 of Giri Diamonds Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.16 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.46 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18,660 | •••• | •••• | •••• | •••• |
| 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 Giri Diamonds Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.6% | •••• | •••• | •••• | •••• |
| 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 Giri Diamonds 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 Giri Diamonds Private Limited
Giri Diamonds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ronak Navinchandra Shah Also directs: Giri Diamonds LLP | Director | 01 Oct 2012 | 14 Years 0 Months | As last reported |
| Kalpesh Rajnikant Shah | Director | 21 Feb 2012 | 14 Years 7 Months | As last reported |
Peer Comparison of Giri Diamonds Private Limited
Giri Diamonds Private 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 |
|---|---|---|---|---|---|---|
| Sada Jewellers Global Private Limited | ₹2.25 Lakh (FY 2024) | •••• | •••• | 224.0% | •••• | New Delhi, Delhi, India |
| Suparshva Gems Private Limited | ₹2.23 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Ambica Bangles Private Limited | ₹2.18 Lakh (FY 2024) | •••• | •••• | •••• | Sri Ganganagar, Rajasthan, India | |
| Choice Diamonds Private Limited | ₹2.17 Lakh (FY 2025) | •••• | •••• | 16.0% | •••• | Surat, Gujarat, India |
| Pazia Jewels Private Limited | ₹2.17 Lakh (FY 2023) | •••• | •••• | •••• | Kozhikode, Kerala, India | |
| Giri Diamonds Private Limited this company | ₹2.16 Lakh (FY 2022) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Bhoomi Jewels Private Limited | ₹2.16 Lakh (FY 2025) | •••• | •••• | -78.0% | •••• | Mumbai, Maharashtra, India |
| Darrick Diamond Private Limited | ₹2.15 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Shahid Bhagat Singh Nagar, Punjab, India |
| Thamin Exports Private Limited | ₹2.14 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Noida, Uttar Pradesh, India |
| Varunavi Gems and Jewellery Private Limited | ₹2.11 Lakh (FY 2025) | •••• | •••• | 176.0% | •••• | Jaipur, Rajasthan, India |
| Arzo Pure Diamond Jewellery Private Limited | ₹2.08 Lakh (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Giri Diamonds 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 Giri Diamonds Private Limited
Giri Diamonds Private Limited is audited by VIREN TRIVEDI & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIREN TRIVEDI & CO | 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 Giri Diamonds Private 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 Giri Diamonds Private Limited
Giri Diamonds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Giri Diamonds Private Limited
Employment history and EPFO contributions of people linked to Giri Diamonds.
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.
Recent Activity on Giri Diamonds Private Limited
Giri Diamonds Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Ronak Navinchandra Shah ceased to be Additional Director on 20 Aug 2013.
Credit Ratings, Litigation & Regulatory Alerts for Giri Diamonds Private 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 Giri Diamonds Private 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 Giri Diamonds Private 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 Giri Diamonds Private Limited
Giri Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG6057E1ZN | Maharashtra | Active | 01 Jul 2017 |
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 Giri Diamonds Private 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.
Frequently Asked Questions about Giri Diamonds Private Limited
Giri Diamonds has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Giri Diamonds was a private limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 21 February 2012 and is registered under CIN U27205MH2012PTC227253. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Giri Diamonds is U27205MH2012PTC227253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giri Diamonds had 2 directors:
- Ronak Navinchandra Shah - Director
- Kalpesh Rajnikant Shah - Director
Giri Diamonds was incorporated on 21 February 2012. It is registered with the Registrar of Companies, Mumbai.
Giri Diamonds can be reached through the website giridiamond.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Giri Diamonds is at B – 503 Gokul Vrindavan Chs Ltd. Shantilal Modi Cross Road No. 2 Irani Wadi Kandivali, West, Mumbai, Maharashtra, India – 400067.
Giri Diamonds reported revenue of ₹2.16 Lakh for FY 2022 (up 33% YoY).
Giri Diamonds has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Giri Diamonds reported a net profit of ₹18,660 (net margin 8.6%) and EBITDA of ₹1.46 Lakh (EBITDA margin 67.5%) for FY 2022, as per its filed financial statements.
The GSTIN of Giri Diamonds is 27AAECG6057E1ZN, registered in Maharashtra.