About Karp Diamonds Private Limited
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Karp Diamonds Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Karp Impex Limited. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 02 August 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH1989PTC052848. Its GSTIN is 27AAACK1626M1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹88.32 Lakh. It was formerly known as Karp Impex Private Limited. It is led by directors Dipali Mehul Patel and Ashwinkumar Govindbhai Kukadia.
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 222 – A Panchratnalane Of Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.16 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹9.63 Lakh (net margin -118%) and EBITDA of -₹3.28 Lakh (EBITDA margin -40.2%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹706.3 Cr and satisfied charges of ₹705.31 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karpjewellery.com.
Company details
Contact details
Karp Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is karpjewellery.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address222 – A Panchratnalane Of Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Karp 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 Karp 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 Karp Diamonds Private Limited, buy the company report.
Financials of Karp Diamonds Private Limited
FY 2025 filings availableKarp Diamonds Private Limited reported revenue of ₹8.16 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 77% over five years, including a 99% fall in the latest year. EBITDA fell 140% 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 | -₹3.28 Lakh | ||||
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| Net Profit (PAT) | -₹9.63 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -40.2% | ||||
| Net Profit Margin | -118% | ||||
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To see the full financial statements and ratios of Karp Diamonds Private Limited, buy the company report.
Board of directors of Karp Diamonds Private Limited
Karp Diamonds has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipali Mehul Patel Also directs: Ethereal Green Diamond LLP | Director | 05 May 2021 | 5 Years 5 Months | Current |
| Ashwinkumar Govindbhai Kukadia Also directs: HK Concepts LLP, HK Concepts Private Limited, Karp Jewellery Private Limited and 1 more | Director | 02 Feb 1998 | 28 Years 8 Months | Current |
Peer comparison
Karp 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 |
|---|---|---|---|---|---|---|
| Karp Diamonds Private Limitedthis company | ₹8.16 Lakh (FY 2025) | -₹9.63 Lakh | -118% | -99.0% | Mumbai, Maharashtra, India | |
| Freedom Tieup Private Limited | ₹8.15 Lakh (FY 2023) | 12.0% | Varanasi, Uttar Pradesh, India | |||
| Bhagsu Brands Private Limited | ₹8.15 Lakh (FY 2024) | -27.0% | Kangra, Himachal Pradesh, India | |||
| Zhoa Venture Private Limited | ₹8.1 Lakh (FY 2021) | -97.0% | Mumbai, Maharashtra, India | |||
| Sanskriti Jewels Private Limited | ₹8.08 Lakh (FY 2024) | 2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Karp Diamonds Private Limited, buy the company report.
Auditor
Karp Diamonds Private Limited is audited by PKMG AND COMPANY LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PKMG AND COMPANY LLP | FY 2023 | 0129894W |
Shareholding
The shareholding of Karp Diamonds 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 Karp Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2010 | 10235991 | Sbicap Trustee Company Limited | ₹706.3 Cr | Open | |
| 07 Dec 2022 | 100662450 | State Bank of India | ₹40 Cr | Satisfied | |
| 25 Mar 2021 | 100430604 | Others | ₹25.31 Cr | Satisfied | |
| 12 May 2020 | 100376632 | State Bank of India | ₹15 Cr | Satisfied | |
| 24 Oct 1997 | 90224853 | State Bank of Saurashtra | ₹625 Cr | Satisfied |
To see the full charge records of Karp Diamonds Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Karp Diamonds Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax - 5 Mumbai | Pending |
To see the full case history of Karp 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 Karp Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karp Diamonds has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK1626M1ZH | Maharashtra | Active | 08 Feb 2019 |
| 24AAACK1626M1ZN | Gujarat | Active | 01 Jun 2019 |
To see the full GST registrations and return filing status of Karp Diamonds Private Limited, buy the company report.
Recent activity
Karp Diamonds Private Limited has 6 board changes on record since 1998: 2 appointments and 4 cessations. The latest: Dipali Mehul Patel ceased to be Additional Director on 20 Sep 2021.
8 earlier events are in the company report.
Frequently asked questions
Karp 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 02 August 1989 (37+ years old) and is registered under CIN U51398MH1989PTC052848.
Karp Diamonds has 2 current directors:
- Dipali Mehul Patel - Director
- Ashwinkumar Govindbhai Kukadia - Director
The latest financial statements of Karp 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 2015 are in the company report.
The GSTIN of Karp Diamonds is 27AAACK1626M1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACK1626M1ZN (Gujarat).
The CIN (Corporate Identification Number) of Karp Diamonds is U51398MH1989PTC052848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karp Diamonds has 1 court case on record: 1 filed against it. 1 is pending.
Karp Diamonds was incorporated on 02 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Karp Diamonds by revenue are Freedom Tieup Private Limited, Bhagsu Brands Private Limited, Zhoa Venture Private Limited, Sanskriti Jewels Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Dipali Mehul Patel ceased to be Additional Director on 20 Sep 2021. Dhirajlal Nathubhai Lathia ceased to be Director on 05 May 2021. Dipali Mehul Patel was appointed as Director on 05 May 2021. Karp Diamonds has 6 board changes on record in total.
Karp Diamonds can be reached through the website karpjewellery.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Karp Diamonds is at 222 – A Panchratnalane Of Roxy Cinema Opera House, Mumbai, Maharashtra, India – 400004.