Harshit Diamonds Private Limited
About Harshit Diamonds Private Limited
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Harshit Diamonds 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 22 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36900MH1996PTC098345. Its GSTIN is 27AAACH3908B1Z2 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.5 Lakh. It is led by directors including Harshit Jayantilal Kothari and Punit Jayantilal Kothari.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Office No Bw9021 9th Floor G Block Bharat Diamond Bourse BKC Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.07 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹80.58 Lakh (net margin -75.5%) and EBITDA of -₹80.38 Lakh (EBITDA margin -75.3%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 49% over five years.
As per MCA filings, the company has open charges of ₹14 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Harshit Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No Bw9021 9th Floor G Block Bharat Diamond Bourse BKC Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Harshit Diamonds 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 Harshit Diamonds Private Limited
FY 2019 filings availableHarshit Diamonds Private Limited reported revenue of ₹1.07 Cr (up 1701% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹80.38 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹80.58 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -75.3% | ||||
| Net Profit Margin | -75.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Harshit Diamonds Private Limited, buy the company report.
Board of directors of Harshit Diamonds Private Limited
Harshit Diamonds has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshit Jayantilal Kothari | Director | 22 Mar 1996 | 30 Years 7 Months | Current |
| Punit Jayantilal Kothari | Director | 22 Mar 1996 | 30 Years 7 Months | Current |
| Amit Jayantilal Kothari | Director | 22 Mar 1996 | 30 Years 7 Months | Current |
| Rupa Harshit Kothari | Director | 22 Mar 1996 | 30 Years 7 Months | Current |
| Aruna Punit Kothari Also directs: Diamstone Exports Pvt Ltd | Director | 22 Mar 1996 | 30 Years 7 Months | Current |
Peer comparison
Harshit Diamonds Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution, 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 |
|---|---|---|---|---|---|---|
| Maakali Creations Private Limited | ₹1.07 Cr (FY 2024) | -12.0% | Mumbai, Maharashtra, India | |||
| Kasa Jewelry Private Limited | ₹1.07 Cr (FY 2025) | -55.0% | Surat, Gujarat, India | |||
| Ashi Jewellery Private Limited | ₹1.07 Cr (FY 2025) | -19.0% | Mumbai, Maharashtra, India | |||
| Harshit Diamonds Private Limitedthis company | ₹1.07 Cr (FY 2019) | -₹80.58 Lakh | -75.5% | 1701.0% | Mumbai, Maharashtra, India | |
| Vaya Gems Private Limited | ₹1.06 Cr (FY 2025) | 78.0% | Jaipur, Rajasthan, India | |||
| Artisan Gems and Jewels Private Limited | ₹1.05 Cr (FY 2019) | 86.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Harshit Diamonds Private Limited, buy the company report.
Auditor
Harshit Diamonds Private Limited is audited by CHAMPAKLAL SHAH & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHAMPAKLAL SHAH & CO | FY 2015 | 101642W |
Shareholding
The shareholding of Harshit Diamonds Private Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Harshit Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 1999 | 80011896 | Indusind Bank Ltd. | ₹14 Cr | Open |
To see the full charge records of Harshit Diamonds Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Harshit Diamonds Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Indusind Bank Limited Th. Gabriel Carvalho | Disposed |
To see the full case history of Harshit Diamonds 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 Harshit Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harshit Diamonds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH3908B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harshit Diamonds Private Limited, buy the company report.
Recent activity
Harshit Diamonds Private Limited has 7 board changes on record since 1996: 5 appointments and 2 cessations. The latest: Ankur Punit Kothari ceased to be Director on 09 Feb 2015.
Frequently asked questions
Harshit Diamonds 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 22 March 1996 (30+ years old) and is registered under CIN U36900MH1996PTC098345.
Harshit Diamonds has 5 current directors:
- Harshit Jayantilal Kothari - Director
- Punit Jayantilal Kothari - Director
- Amit Jayantilal Kothari - Director
- Rupa Harshit Kothari - Director
- Aruna Punit Kothari - Director
The latest financial statements of Harshit Diamonds on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Harshit Diamonds is 27AAACH3908B1Z2, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Harshit Diamonds is U36900MH1996PTC098345. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harshit Diamonds has 2 court cases on record: 2 filed against it.
Harshit Diamonds was incorporated on 22 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Harshit Diamonds by revenue are Maakali Creations Private Limited, Kasa Jewelry Private Limited, Ashi Jewellery Private Limited, Vaya Gems Private Limited, Artisan Gems and Jewels Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution, Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Ankur Punit Kothari ceased to be Director on 09 Feb 2015. Saumil Harshit Kothari ceased to be Director on 02 Feb 2015. Amit Jayantilal Kothari was appointed as Director on 22 Mar 1996. Harshit Diamonds has 7 board changes on record in total.
The registered office of Harshit Diamonds is at Office No Bw9021 9th Floor G Block Bharat Diamond Bourse BKC Bandra East, Mumbai, Maharashtra, India – 400051.
Harshit Diamonds operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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