About Jewelex India Private Limited
Data last updated:
Jewelex India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of D. J. Finance. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 01 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH2004PTC148938. Its GSTIN is 27AABCJ4523H1ZQ (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹107.85 Cr and a paid-up capital of ₹100 Cr. It was formerly known as Jewelex India Private Limited Part Ix. It is led by directors including Ashish Piyush Kothari and Nilesh Kothari Pravin.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 401 – Trade Centre Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,105.61 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹130.69 Cr (net margin 4.2%) and EBITDA of ₹208.75 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
The company has about 1,484 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jewelex. As per MCA filings, the company has open charges of ₹400 Cr and satisfied charges of ₹98.59 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jewelexgroup.com.
Company details
Contact details
Jewelex India Private Limited's registered office is in Mumbai, Maharashtra. Its website is jewelexgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 – Trade Centre Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400098
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Jewelex 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
Brands
Jewelex India operates one associated brand: Jewelex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diamond processing, jewelry manufacturing, and distribution services globally. | jewelexgroup.com |
Business activity
The main business activity of Jewelex India is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Jewelex India Private Limited, buy the company report.
Financials of Jewelex India Private Limited
FY 2025 filings availableJewelex India Private Limited reported revenue of ₹3,105.61 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 17% 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 | ₹3,105.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹208.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹130.69 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 | 6.7% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 Jewelex India Private Limited, buy the company report.
Board of directors of Jewelex India Private Limited
Jewelex India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Piyush Kothari Also directs: Zenstar Jewellery LLP | Director | 10 May 2005 | 21 Years 6 Months | Current |
| Nilesh Kothari Pravin | Director | 01 Oct 2004 | 22 Years 1 Months | Current |
| Anish Kothari Piyush Also directs: Zenstar Jewellery LLP, Vidyamandir Centre for Skill Development | Director | 01 Oct 2004 | 22 Years 1 Months | Current |
Peer comparison
Jewelex India Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rosy Blue (India) Private Limited | ₹3,485.69 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Sheetal Manufacturing Company Private Limited | ₹3,426.28 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Vaibhav Global Limited | ₹3,407.62 Cr (FY 2025) | 11.0% | Jaipur, Rajasthan, India | |||
| Shineshilpi Jewellers Private Limited | ₹3,205.93 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Jewelex India Private Limitedthis company | ₹3,105.61 Cr (FY 2025) | ₹130.69 Cr | 4.2% | -7.0% | 1,484 | Mumbai, Maharashtra, India |
To see the full peer comparison of Jewelex India Private Limited, buy the company report.
Auditor
Jewelex India Private Limited is audited by M M Nissim & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M Nissim & Co. LLP | FY 2024 | 107122W/W100672 |
Shareholding
The shareholding of Jewelex India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jewelex India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2004 | 90353333 | Others | ₹400 Cr | Open | |
| 25 Jan 2019 | 100240738 | Others | ₹25 Cr | Satisfied | |
| 30 May 2012 | 10362272 | Union Bank of India | ₹17.59 Cr | Satisfied | |
| 08 Feb 2007 | 10038752 | Canara Bank | ₹7 Cr | Satisfied | |
| 28 Jul 2004 | 80024633 | Union Bank of India | ₹12.5 Cr | Satisfied |
To see the full charge records of Jewelex India Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Jewelex India Private Limited has 5 court cases on record: 2 filed by Jewelex India, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 3 | 3 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Mun.Appeal) | Filed by the company against The Municipal Commissioner and Anr. and 1 other | Disposed |
| Supreme Court | Court case (0303-Direct Taxes Matter : Other matters under Income Tax act, 1961) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Mun.Appeal) | Filed by the company against The Municipal Commissioner Anr. and 2 others | Disposed |
To see the full case history of Jewelex 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.
MSME payment delays
Jewelex India Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Red Exim | |||
| Priyanka Gems | |||
| Alpha Industrial Engineering Projects Private Limited | |||
| R Rajesh Exports |
To see the full MSME payment records of Jewelex India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Jewelex India Private Limited has a workforce of 1,484 employees on its EPFO records as of May 2026, across 6 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,484 |
| FY 2025-26 | |
| 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 | |
| FY 2013-14 | |
| FY 2010-11 |
To see the full employee and EPFO history of Jewelex India Private Limited, buy the company report.
GST
Jewelex India has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ4523H1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AABCJ4523H2ZP | Maharashtra | Active | 01 Jul 2017 |
| 07AABCJ4523H1ZS | Delhi | Active | 01 Jul 2017 |
| 24AABCJ4523H1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jewelex India Private Limited, buy the company report.
Recent activity
Jewelex India Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Maharudra B Brahme ceased to be Company Secretary on 30 Jun 2015.
13 earlier events are in the company report.
Frequently asked questions
Jewelex 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 01 October 2004 (22+ years old) and is registered under CIN U36910MH2004PTC148938.
Jewelex India has 3 current directors:
- Ashish Piyush Kothari - Director
- Nilesh Kothari Pravin - Director
- Anish Kothari Piyush - Director
The latest financial statements of Jewelex India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Jewelex India is 27AABCJ4523H1ZQ, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 27AABCJ4523H2ZP (Maharashtra), 07AABCJ4523H1ZS (Delhi), 24AABCJ4523H1ZW (Gujarat).
The CIN (Corporate Identification Number) of Jewelex India is U36910MH2004PTC148938. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jewelex India has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the supreme court.
Jewelex India was incorporated on 01 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Jewelex India by revenue are Rosy Blue (India) Private Limited, Sheetal Manufacturing Company Private Limited, Vaibhav Global Limited, Shineshilpi Jewellers Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing).
Maharudra B Brahme ceased to be Company Secretary on 30 Jun 2015. Mahendra Kantilal Shah ceased to be Company Secretary on 15 Nov 2013. Deepti Maheshwari ceased to be Company Secretary on 01 Oct 2012. Jewelex India has 7 board changes on record in total.
Jewelex India has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 May 2019.
Jewelex India can be reached through the website jewelexgroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Jewelex India is at 401 – Trade Centre Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400098.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
