- #1,233 Russell Arunkumar Mehta & family ₹1,900 Cr
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About Inter Gold (India) Private Limited
Data last updated:
Inter Gold (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rosy Blue (India) Private Limited. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 20 May 1985 and has been in existence for over 41 years.
Its director Russell Arunkumar Mehta and family are #1,233 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1985PTC036278. Its GSTIN is 27AAACI2677Q1ZY (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Inter Gold Private Limited. It is led by directors including Amar Kishorchandra Kothari (Managing Director) and Ranak Patel Vikram (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 34. Seepz Andheri (E) Bombay, Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹730.5 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹31.35 Cr (net margin 4.3%) and EBITDA of ₹50.05 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
The company has about 397 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹233.88 Cr and satisfied charges of ₹1.58 Cr on record. Court records list 34 cases involving the company, including 9 filed by the company and 26 filed against it; 3 cases are pending. The company has 15 deals on record (15 secondary share transfers); the latest was in March 2023. 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 V-Chains Jewellery Private Limited with revenue of ₹749.18 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 16 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rosyblue.in.
Company details
Name history
Inter Gold (India) has undergone 2 name changes throughout its history. The company was previously known as Inter Gold India Private Limited, and Inter Gold Private Limited. The current legal name is Inter Gold (India) Private Limited.
| Company Name | Status |
|---|---|
| Inter Gold (India) Private Limited | Current |
| Inter Gold India Private Limited | Previous |
| Inter Gold Private Limited | Previous |
Recognitions & Rankings of Inter Gold (India)
Contact details
Inter Gold (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is rosyblue.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 34. Seepz Andheri (E) Bombay, Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Inter Gold (India) 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
Business activity
The main business activity of Inter Gold (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| 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 |
To see the full business activity and turnover split of Inter Gold (India) Private Limited, buy the company report.
Financials of Inter Gold (India) Private Limited
FY 2025 filings availableInter Gold (India) Private Limited reported revenue of ₹730.5 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 2% growth in the latest year. EBITDA rose 8% 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 |
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| Total Expenses | |||||
| EBITDA | ₹50.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Inter Gold (India) Private Limited, buy the company report.
Board of directors of Inter Gold (India) Private Limited
Inter Gold (India) has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Nanalal Shah Also directs: RB One Source Private Limited, Rosy Blue Foundation, Cheay Investments Pvt Ltd and 2 more | Director | 30 Jun 2012 | 14 Years 4 Months | Current |
| Ranak Patel Vikram Also directs: Mushupug Consultancy LLP | Whole-Time Director | 09 Jul 2014 | 12 Years 3 Months | Current |
| Russell Arunkumar Mehta Also directs: Banas Jewels LLP, Orra Fine Jewellery Private Limited, Rosy Blue (India) Private Limited and 5 more | Director | 06 Sep 1990 | 36 Years 1 Months | Current |
| Amar Kishorchandra Kothari | Managing Director | 14 Dec 2000 | 25 Years 10 Months | Current |
Peer comparison
Inter Gold (India) 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 |
|---|---|---|---|---|---|---|
| V-Chains Jewellery Private Limited | ₹749.18 Cr (FY 2025) | 58.0% | Mumbai, Maharashtra, India | |||
| Aurum Jewels Limited | ₹742.15 Cr (FY 2025) | 36.0% | Chennai, Tamil Nadu, India | |||
| Inter Gold (India) Private Limitedthis company | ₹730.5 Cr (FY 2025) | ₹31.35 Cr | 4.3% | 2.0% | 397 | Mumbai, Maharashtra, India |
| P.C. Chandra Jewellery Apex Private Limited | ₹725.76 Cr (FY 2024) | 14.0% | Kolkata, West Bengal, India | |||
| C Krishniah Chetty and Sons Private Limited | ₹712.17 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Aabhushan Jewellers Private Limited | ₹711.63 Cr (FY 2025) | 17.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Inter Gold (India) Private Limited, buy the company report.
Auditor
Inter Gold (India) Private Limited is audited by M M NISSIM & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M NISSIM & CO LLP | FY 2023 | 107122W/W100672 |
Shareholding
The shareholding of Inter Gold (India) 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 Inter Gold (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2000 | 80037617 | Others | ₹141.94 Cr | Open | |
| 22 Jun 1991 | 80041631 | Others | ₹91.94 Cr | Open | |
| 21 Sep 2020 | 100374320 | Bank of India | ₹1.4 Cr | Satisfied | |
| 07 Nov 2006 | 10032070 | State Bank of India | ₹18 Lakh | Satisfied |
To see the full charge records of Inter Gold (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Inter Gold (India) Private Limited has 15 deals on record (15 secondary share transfers); the latest was in March 2023.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Rosy Blue (India) Private Limited Seller: an individual |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: Rosy Blue (India) Private Limited Seller: 3 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Rosy Blue (India) Private Limited Seller: Arunkumar R Mehta Huf, 3 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shah Mehta Holding Private Limited |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Vitraag Mauritius Limited, Diagold Mauritius Limited Seller: Rosy Blue Investments Private Limited , Rosy Blue Enterprises S.A |
To see the full deal history of Inter Gold (India) 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
Inter Gold (India) Private Limited has 34 court cases on record: 9 filed by Inter Gold (India), 26 filed against it. 3 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 15 | 2 |
| District courts | 10 | 8 | 1 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by Visionworks Jewelry Pvt. Ltd. | Disposed |
| Bombay High Court | Appeal | Filed by the company against Visionworks Jewelry Pvt. Ltd. | Disposed |
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed against the company by Inter Gold (India) Pvt. Ltd. | Disposed |
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed by the company against M/S.Su-Raj Inter Gold Pvt.Ltd. . | Disposed |
| District court, Lucknow, Uttar Pradesh | Court case (Cri. Case) | Filed against the company by State of Up | Pending |
To see the full case history of Inter Gold (India) 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.
Credit ratings & regulatory alerts
Inter Gold (India) Private Limited was last rated by Care on 08 Oct 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Oct 2025 |
To see the full credit ratings and regulatory alerts of Inter Gold (India) Private Limited, buy the company report.
MSME payment delays
Inter Gold (India) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 16 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Time Broadband Services Private Limited | |||
| Parkeen Brothers | |||
| Bluetech Impex Private Limited |
To see the full MSME payment records of Inter Gold (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Inter Gold (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sitara Diamond Private Limited | U51398MH2003PTC138686 |
To see the full group structure of Inter Gold (India) Private Limited, buy the company report.
Employees & EPFO
Inter Gold (India) Private Limited has a workforce of 397 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Inter Gold (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI2677Q1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AAACI2677Q2ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Inter Gold (India) Private Limited, buy the company report.
Recent activity
Inter Gold (India) Private Limited has 12 board changes on record since 1990: 4 appointments and 8 cessations. The latest: Dilip Madhukar Kamtikar ceased to be Director on 31 Aug 2020.
11 earlier events are in the company report.
Frequently asked questions
Inter Gold (India) 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 May 1985 (41+ years old) and is registered under CIN U99999MH1985PTC036278.
Inter Gold (India) has 4 current directors:
- Amar Kishorchandra Kothari - Managing Director
- Ranak Patel Vikram - Whole-Time Director
- Dhruv Nanalal Shah - Director
- Russell Arunkumar Mehta - Director
The latest financial statements of Inter Gold (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Inter Gold (India) is 27AAACI2677Q1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACI2677Q2ZX (Maharashtra).
The CIN (Corporate Identification Number) of Inter Gold (India) is U99999MH1985PTC036278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inter Gold (India) has 34 court cases on record: 9 filed by the company and 26 filed against it. 3 are pending. Most are in the high courts.
Inter Gold (India) was incorporated on 20 May 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Inter Gold (India) has 15 deals on record (15 secondary share transfers); the latest was in March 2023.
The peers of Inter Gold (India) by revenue are V-Chains Jewellery Private Limited, Aurum Jewels Limited, P.C. Chandra Jewellery Apex Private Limited, C Krishniah Chetty and Sons Private Limited, Aabhushan Jewellers 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).
Dilip Madhukar Kamtikar ceased to be Director on 31 Aug 2020. Ranak Patel Vikram was appointed as Whole-Time Director on 09 Jul 2014. Harshad Ramniklal Mehta ceased to be Director on 23 May 2014. Inter Gold (India) has 12 board changes on record in total.
Inter Gold (India) has 5 MSME Form 1 returns on record between 2019 and 2021, listing 16 overdue payments to 3 micro and small suppliers. The latest return was filed on 13 May 2021.
Inter Gold (India) can be reached through the website rosyblue.in. Its registered office is in Mumbai, Maharashtra, India.

