Istara Diamonds Private Limited
About Istara Diamonds Private Limited
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Istara Diamonds Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 21 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2016PTC287020. Its GSTIN is 27AAECI2892R1ZR (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Surbhi Prakash Shah and Ashesh Jain.
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 Cw 3050 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.17 Cr. For the same year it recorded a net profit of ₹7.1 Lakh (net margin 0.4%) and EBITDA of ₹21.3 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹21.37 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Istara Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCw 3050 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Istara 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
Business activity
The main business activity of Istara Diamonds is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Istara Diamonds Private Limited, buy the company report.
Financials of Istara Diamonds Private Limited
FY 2025 filings availableIstara Diamonds Private Limited reported revenue of ₹19.17 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years. EBITDA fell 13% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹21.3 Lakh | ||||
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| Net Profit (PAT) | ₹7.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Istara Diamonds Private Limited, buy the company report.
Board of directors of Istara Diamonds Private Limited
Istara Diamonds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surbhi Prakash Shah Also directs: Symbol Advertising and Marketing Private Limited | Director | 21 Oct 2016 | 10 Years 0 Months | Current |
| Ashesh Jain Also directs: Trulux Consulting Private Limited | Director | 21 Oct 2016 | 10 Years 0 Months | Current |
| Ashok Kumar Jain | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Istara Diamonds Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S Bhavya Gems Private Limited | ₹19.33 Cr (FY 2025) | 62.0% | Surat, Gujarat, India | |||
| Rasiklal & Brothers Enterprise Private Limited | ₹19.32 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Istara Diamonds Private Limitedthis company | ₹19.17 Cr (FY 2024) | ₹7.1 Lakh | 0.4% | Mumbai, Maharashtra, India | ||
| Mehta Solitaires Limited | ₹19.03 Cr (FY 2024) | -27.0% | Ahmedabad, Gujarat, India | |||
| Meru Diamonds (India) Private Limited | ₹18.94 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Istara Diamonds Private Limited, buy the company report.
Auditor
Istara Diamonds Private Limited is audited by KUSHAL MEHTA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUSHAL MEHTA & ASSOCIATES | FY 2017 | 138645W |
Shareholding
The shareholding of Istara Diamonds Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Istara Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2022 | 100623708 | Hdfc Bank Limited | ₹21.37 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Istara Diamonds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Istara Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Istara Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI2892R1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Istara Diamonds Private Limited, buy the company report.
Recent activity
Istara Diamonds Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Ashok Kumar Jain was appointed as Director on 20 Jan 2026.
Frequently asked questions
Istara Diamonds is an active private limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 21 October 2016 (10+ years old) and is registered under CIN U51909MH2016PTC287020.
Istara Diamonds has 3 current directors:
- Surbhi Prakash Shah - Director
- Ashesh Jain - Director
- Ashok Kumar Jain - Director
The latest financial statements of Istara Diamonds 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 FY 2017 are in the company report.
The GSTIN of Istara Diamonds is 27AAECI2892R1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Istara Diamonds is U51909MH2016PTC287020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Istara Diamonds was incorporated on 21 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Istara Diamonds by revenue are S Bhavya Gems Private Limited, Rasiklal & Brothers Enterprise Private Limited, Mehta Solitaires Limited, Meru Diamonds (India) Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Ashok Kumar Jain was appointed as Director on 20 Jan 2026. Ashesh Jain was appointed as Director on 21 Oct 2016. Surbhi Prakash Shah was appointed as Director on 21 Oct 2016.
The registered office of Istara Diamonds is at Cw 3050 Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Istara Diamonds operates in the trading industry, in the wholesale segment.
Istara Diamonds has open charges of ₹21.37 Lakh and no satisfied charges on record as per latest MCA filings.