About J. B. and Brothers Private Limited
Data last updated:
J. B. and Brothers 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 11 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2009PTC191625. Its GSTIN is 27AACCJ1569J1ZC (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.7 Cr. It is led by directors including Sanjay Babulal Shah and Vijaykumar Babulal Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹814.26 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹119.85 Cr (net margin 14.7%) and EBITDA of ₹152.97 Cr (EBITDA margin 18.8%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 23% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: J.B. And Brothers. As per MCA filings, the company has open charges of ₹747.5 Cr and satisfied charges of ₹20.7 Cr on record. Court records list 33 cases involving the company, including 3 filed by the company and 30 filed against it; 5 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹54.95 Cr; the latest was in November 2020. Its 7 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, 3 larger and 4 smaller; the largest is Tara Jewels Limited with revenue of ₹845.17 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jbbrothers.com.
Company details
Contact details
J. B. and Brothers Private Limited's registered office is in Mumbai, Maharashtra. Its website is jbbrothers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressTower Fc – 3011/3012 3rd Floor F Tower Central Wing Bharat Diamond Bourse BKC Bandra (East, ), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of J. B. and Brothers 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
Brands
J. B. and Brothers operates one associated brand: J.B. And Brothers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A company engaged in sourcing and distributing certified diamonds. | jbbrothers.com |
Business activity
The main business activity of J. B. and Brothers 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 J. B. and Brothers Private Limited, buy the company report.
Financials of J. B. and Brothers Private Limited
FY 2024 filings availableJ. B. and Brothers Private Limited reported revenue of ₹814.26 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 70% fall 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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| EBITDA | ₹152.97 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹119.85 Cr | ||||
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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 | 18.8% | ||||
| Net Profit Margin | 14.7% | ||||
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To see the full financial statements and ratios of J. B. and Brothers Private Limited, buy the company report.
Board of directors of J. B. and Brothers Private Limited
J. B. and Brothers has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Babulal Shah Also directs: J.B. and Brothers Solitaire LLP, Yaelstar Diamonds Private Limited, Vithal Leasefin Private Limited and 3 more | Director | 11 Apr 2009 | 17 Years 7 Months | Current |
| Vijaykumar Babulal Shah | Director | 11 Apr 2009 | 17 Years 7 Months | Current |
| Shaishav Shaileshbhai Shah | Director | 21 Jul 2009 | 17 Years 3 Months | Current |
| Shailesh Babulal Shah Also directs: J.B. and Brothers Solitaire LLP, Vegasemi Tech LLP, Yaelstar Diamonds Private Limited and 1 more | Director | 11 Apr 2009 | 17 Years 7 Months | Current |
Peer comparison
J. B. and Brothers Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Tara Jewels Limited | ₹845.17 Cr (FY 2018) | -46.0% | Mumbai, Maharashtra, India | |||
| SK Jewellers Private Limited | ₹844.38 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Evermine Diamond Private Limited | ₹826.38 Cr (FY 2025) | -81.0% | Mumbai, Maharashtra, India | |||
| J. B. and Brothers Private Limitedthis company | ₹814.26 Cr (FY 2025) | ₹119.85 Cr | 14.7% | -70.0% | 1 | Mumbai, Maharashtra, India |
| Msjpl Jewellery Private Limited | ₹813.76 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Indigo Jewellery (India) Mfg. Private Limited | ₹807.2 Cr (FY 2022) | 65.0% | Surat, Gujarat, India | |||
| Ariha Diamond Jewellery Private Limited | ₹806.71 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Baanganga Gold & Diamond (I) Limited | ₹803.93 Cr (FY 2023) | Mumbai, Maharashtra, India |
To see the full peer comparison of J. B. and Brothers Private Limited, buy the company report.
Auditor
J. B. and Brothers Private Limited is audited by AGHR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGHR & CO. | FY 2023 | 138302W |
Shareholding
The shareholding of J. B. and Brothers 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 J. B. and Brothers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2020 | 100395871 | Yes Bank Limited | ₹100 Cr | Open | |
| 24 Mar 2014 | 10491078 | Yes Bank Limited | ₹150 Cr | Open | |
| 27 Feb 2013 | 10421633 | Indusind Bank Ltd. | ₹100 Cr | Open | |
| 11 Apr 2009 | 10155436 | Others | ₹397.5 Cr | Open | |
| 16 Aug 2018 | 100252882 | Axis Bank Limited | ₹70 Lakh | Satisfied |
To see the full charge records of J. B. and Brothers Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
J. B. and Brothers Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹54.95 Cr; the latest was in November 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Funding round | ₹54.95 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
J. B. and Brothers Private Limited has 33 court cases on record: 3 filed by J. B. and Brothers, 30 filed against it. 5 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 1 |
| High courts | 15 | 13 | 3 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Mumbai | Insolvency matter | Filed by the company against Raghuleela Builders Pvt.Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Ltd - Chinmay H. Acharya | Disposed |
| District court, SURAT, Gujarat | Court case (CR EN) | Filed against the company by Dr. G. V. Savani, Government Labour Officer and Bonus Payment Inspector, Surat | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner Income Tax, Surat 1 | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by PR. Commissioner Income Tax, Surat-1, Surat | Pending |
To see the full case history of J. B. and Brothers 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
J. B. and Brothers Private Limited was last rated by Crisil on 29 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Oct 2021 |
To see the full credit ratings and regulatory alerts of J. B. and Brothers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for J. B. and Brothers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
J. B. and Brothers 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 |
|---|---|---|
| Yaelstar Diamonds Private Limited | U36911MH2003PTC142346 |
To see the full group structure of J. B. and Brothers Private Limited, buy the company report.
Employees & EPFO
J. B. and Brothers Private Limited has a workforce of 1 employees on its EPFO records as of Nov 2025, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 1 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of J. B. and Brothers Private Limited, buy the company report.
GST
J. B. and Brothers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCJ1569J1ZC | Maharashtra | Active | 01 Jul 2017 |
| 24AACCJ1569J1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J. B. and Brothers Private Limited, buy the company report.
Recent activity
J. B. and Brothers Private Limited has 5 board changes on record since 2009: 4 appointments and 1 cessation. The latest: Dilip Chunilal Shah ceased to be Company Secretary on 31 Dec 2011.
8 earlier events are in the company report.
Frequently asked questions
J. B. and Brothers 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 11 April 2009 (17+ years old) and is registered under CIN U36911MH2009PTC191625.
J. B. and Brothers has 4 current directors:
- Sanjay Babulal Shah - Director
- Vijaykumar Babulal Shah - Director
- Shaishav Shaileshbhai Shah - Director
- Shailesh Babulal Shah - Director
The latest financial statements of J. B. and Brothers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of J. B. and Brothers is 27AACCJ1569J1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCJ1569J1ZI (Gujarat).
The CIN (Corporate Identification Number) of J. B. and Brothers is U36911MH2009PTC191625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J. B. and Brothers has 33 court cases on record: 3 filed by the company and 30 filed against it. 5 are pending. Most are in the district courts.
J. B. and Brothers was incorporated on 11 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
J. B. and Brothers has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹54.95 Cr; the latest was in November 2020.
The peers of J. B. and Brothers by revenue are Tara Jewels Limited, SK Jewellers Private Limited, Evermine Diamond Private Limited, Msjpl Jewellery Private Limited, Indigo Jewellery (India) Mfg. Private Limited and 2 more, 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 Chunilal Shah ceased to be Company Secretary on 31 Dec 2011. Shaishav Shaileshbhai Shah was appointed as Director on 21 Jul 2009. Sanjay Babulal Shah was appointed as Director on 11 Apr 2009. J. B. and Brothers has 5 board changes on record in total.
J. B. and Brothers can be reached through the website jbbrothers.com. Its registered office is in Mumbai, Maharashtra, India.
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