MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0006300
Gold Star Diamond Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹135.38 Cr
▼ 54% YoY
Net loss · FY 2025
₹3.92 Cr
Net margin -2.9%
EBITDA · FY 2025
₹4.98 Cr
EBITDA margin 3.7%
Authorised capital
₹37 Cr
Registered with MCA
Paid-up capital
₹15 Cr
Issued & subscribed
Open charges
₹142.44 Cr
Satisfied ₹177.93 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
198
Provident fund records
About Gold Star Diamond Private Limited
Data last updated:
Gold Star Diamond 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 20 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH1995PTC092933. Its GSTIN is 27AAACR4157Q1ZU (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹37 Cr and a paid-up capital of ₹15 Cr. It was formerly known as R T Diamond Limited and Ratilal Tribhovandas & Sons Pvt Ltd. It is led by directors including Minal Natwarlal Modi (Whole-Time Director) and Sayam Shah Sanjay.
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 Fe4011 4th Floor F Tower Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹135.38 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹3.92 Cr (net margin -2.9%) and EBITDA of ₹4.98 Cr (EBITDA margin 3.7%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 10% over five years.
The company has about 198 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹142.44 Cr and satisfied charges of ₹177.93 Cr on record. Court records list 32 cases involving the company, including 20 filed by the company and 12 filed against it; 6 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Cr; the latest was in August 2022. Its 5 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 3 smaller; the largest is B N A Enterprises Private Limited with revenue of ₹136.57 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 41 overdue payments to 15 micro and small suppliers.
Gold Star Diamond Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0006300). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldstarjewellery.com.
Company details
CIN U36910MH1995PTC092933
Registration Number 092933
Incorporation Date 20 September 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0006300
Name history
Gold Star Diamond has undergone 4 name changes throughout its history. The current legal name is Gold Star Diamond Private Limited.
| Company Name | Status |
|---|---|
| Gold Star Diamond Private Limited | Current |
| R T Diamond Limited | Previous |
| Ratilal Tribhovandas & Sons Pvt Ltd | Previous |
| Goldstar Diamond Private Limited | Previous |
| R T Diamond Private Limited | Previous |
Key People
Minal Natwarlal Modi Whole-Time Director Sayam Shah Sanjay Director Ankur Satishchandra Shah Director Recognitions & Rankings of Gold Star Diamond
Contact details
Gold Star Diamond Private Limited's registered office is in Mumbai, Maharashtra. Its website is goldstarjewellery.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFe4011 4th Floor F Tower Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Gold Star Diamond Private Limited, buy the company report.
Comprehensive company report
Gold Star Diamond 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 activities of Gold Star Diamond are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| 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 | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Gold Star Diamond Private Limited, buy the company report.
Financials of Gold Star Diamond Private Limited
FY 2025 filings availableGold Star Diamond Private Limited reported revenue of ₹135.38 Cr (down 54% YoY) for FY 2025.
Revenue · FY 2025
₹135.38 Cr ▼ 54%
Net loss · FY 2025
₹3.92 Cr margin -2.9%
EBITDA · FY 2025
₹4.98 Cr margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 16%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 14%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 54% fall in the latest year. EBITDA fell 37% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.92 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | -2.9% | ||||
| 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 Gold Star Diamond Private Limited, buy the company report.
Board of directors of Gold Star Diamond Private Limited
Gold Star Diamond has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sayam Shah Sanjay Also directs: Gold Star Fine Jewellery LLP, Agrobloom Tech LLP, Iraaya Jewellery Private Limited and 5 more | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Ankur Satishchandra Shah | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Minal Natwarlal Modi Also directs: Jouelana Construction Private Limited | Whole-Time Director | 01 Apr 2000 | 26 Years 7 Months | Current |
Peer comparison
Gold Star Diamond Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B N A Enterprises Private Limited | ₹136.57 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Naice Jewels Private Limited | ₹136.23 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Gold Star Diamond Private Limitedthis company | ₹135.38 Cr (FY 2025) | -₹3.92 Cr | -2.9% | -54.0% | 198 | Mumbai, Maharashtra, India |
| Mani Export Private Limited | ₹134.6 Cr (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Serenity Jewels Private Limited | ₹133.59 Cr (FY 2025) | 89.0% | Mumbai, Maharashtra, India | |||
| Sri Siddi Vinayak Jewellers and Exports Private Limited | ₹132.97 Cr (FY 2025) | 51.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Gold Star Diamond Private Limited, buy the company report.
Auditor
Gold Star Diamond Private Limited is audited by Desai Saksena & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Desai Saksena & Associates | FY 2023 | 102358W |
Shareholding
The shareholding of Gold Star Diamond 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gold Star Diamond Private Limited, buy the company report.
Charges & borrowings
Open charges
₹142.44 Cr
Satisfied charges
₹177.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2023 | 100767858 | Others | ₹20 Cr | Satisfied | |
| 18 Jul 2022 | 100604610 | Others | ₹7.74 Cr | Satisfied | |
| 17 Feb 2022 | 100545218 | Bank of India | ₹2.31 Cr | Satisfied | |
| 31 Mar 2018 | 100175174 | New India Co-Op Bank Limited | ₹3.15 Cr | Satisfied | |
| 23 Mar 2016 | 100019903 | New India Co-Op Bank Limited | ₹5.84 Cr | Satisfied |
To see the full charge records of Gold Star Diamond Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Gold Star Diamond Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Cr; the latest was in August 2022.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹17 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Alkesh Shah Family Trust, an individual Seller: Sanjay Shah Family Trust, 3 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Sanjay Shah Family Trust |
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: Sanjay Shah Family Trust |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Sanjay Shah Family Trust Seller: 4 individuals |
To see the full deal history of Gold Star Diamond Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gold Star Diamond Private Limited has 32 court cases on record: 20 filed by Gold Star Diamond, 12 filed against it. 6 cases are pending and 26 are disposed.
Total cases
32
Filed by the company
20
Filed against the company
12
Pending
6
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 5 | 1 |
| High courts | 8 | 7 | 5 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by Prinicipal Commissioner of Income Tax 6 Mumbai | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Life Insurance Corporation of India Ltd. | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Gold Star Diamond 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
Gold Star Diamond Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 41 overdue payments to 15 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 (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Akshat Impex | |||
| Hari Darshan Exports Private Limited | |||
| Rajesh Gems | |||
| D G Exports | |||
| Krinal Gems |
To see the full MSME payment records of Gold Star Diamond Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gold Star Diamond Private Limited has a workforce of 198 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
Employee count
198
Active EPFO establishments
2
Employee growth
7.61%
GST
Gold Star Diamond has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR4157Q1ZU | Maharashtra | Active | 01 Jul 2017 |
| 24AAACR4157Q1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gold Star Diamond Private Limited, buy the company report.
Recent activity
Gold Star Diamond Private Limited has 7 board changes on record since 2000: 3 appointments and 4 cessations. The latest: Ankur Satishchandra Shah was appointed as Director on 15 Jun 2021.
AGM
Gold Star Diamond Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gold Star Diamond Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 28 Feb 2013 via Charge ID 10409532 with Indusind Bank Ltd. was fully satisfied on 11 Feb 2025.
Charges
A charge registered on 24 Mar 2008 via Charge ID 10097803 with Indusind Bank Ltd. was fully satisfied on 11 Feb 2025.
Charges
A charge registered on 18 Jul 1996 via Charge ID 90159544 with Abn Amro Bank N. V was fully satisfied on 11 Feb 2025.
Charges
A charge registered on 19 Jun 2014 via Charge ID 10509115 with Others was fully satisfied on 31 Jan 2025.
Charges
A charge registered on 21 Jan 2005 via Charge ID 80013393 with Indusind Bank Ltd. was fully satisfied on 31 Jan 2025.
Charges
A charge registered on 16 Jul 1998 via Charge ID 80005836 with Indusind Bank Ltd. was fully satisfied on 31 Jan 2025.
Charges
A charge registered on 07 Mar 1996 via Charge ID 90159511 with Indusind Bank Ltd. was fully satisfied on 31 Jan 2025.
Charges
A charge registered on 06 Jul 2023 via Charge ID 100767858 with Others was fully satisfied on 23 Jan 2025.
Charges
A charge registered on 15 Mar 2012 via Charge ID 10347875 with Bank Of India was fully satisfied on 14 Nov 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100767858 was registered on 06 Jul 2023.
44 earlier events are in the company report.
Frequently asked questions
Gold Star Diamond 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 20 September 1995 (31+ years old) and is registered under CIN U36910MH1995PTC092933.
Gold Star Diamond has 3 current directors:
- Minal Natwarlal Modi - Whole-Time Director
- Sayam Shah Sanjay - Director
- Ankur Satishchandra Shah - Director
The latest financial statements of Gold Star Diamond 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 Gold Star Diamond is 27AAACR4157Q1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACR4157Q1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Gold Star Diamond is U36910MH1995PTC092933. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gold Star Diamond has 32 court cases on record: 20 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Gold Star Diamond was incorporated on 20 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Gold Star Diamond has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Cr; the latest was in August 2022.
The peers of Gold Star Diamond by revenue are B N A Enterprises Private Limited, Naice Jewels Private Limited, Mani Export Private Limited, Serenity Jewels Private Limited, Sri Siddi Vinayak Jewellers and Exports Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Ankur Satishchandra Shah was appointed as Director on 15 Jun 2021. Sanjay Satishchandra Shah ceased to be Managing Director on 27 May 2021. Sayam Shah Sanjay was appointed as Director on 25 May 2021. Gold Star Diamond has 7 board changes on record in total.
Yes, Gold Star Diamond is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0006300).
Gold Star Diamond has 6 MSME Form 1 returns on record between 2019 and 2024, listing 41 overdue payments to 15 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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