Karshev Diamonds Private Limited
About Karshev Diamonds Private Limited
Data last updated:
Karshev Diamonds 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 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC315675. Its GSTIN is 27AAHCK3198H1Z6 (Maharashtra). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Karan Dhirendra Hirawat and Dhirendra Hirawat.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹186.6 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹2.76 Cr (net margin 1.5%) and EBITDA of ₹5.5 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 4% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.8 Cr and satisfied charges of ₹5.8 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹90 Lakh; the latest was in December 2021.
Company details
Contact details
Karshev 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 AddressDc 7070 Bharat Diamond Bourse G Block Bandra Kurla Complex Opp. Nabard Head Office, Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Karshev 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 Karshev Diamonds is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Karshev Diamonds Private Limited, buy the company report.
Financials of Karshev Diamonds Private Limited
FY 2025 filings availableKarshev Diamonds Private Limited reported revenue of ₹186.6 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 41% 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 | ₹5.5 Cr | ||||
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| Net Profit (PAT) | ₹2.76 Cr | ||||
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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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| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Karshev Diamonds Private Limited, buy the company report.
Board of directors of Karshev Diamonds Private Limited
Karshev Diamonds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Dhirendra Hirawat | Director | 26 Oct 2019 | 7 Years 0 Months | Current |
| Dhirendra Hirawat | Director | 11 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Karshev Diamonds Private Limited is audited by AJAY MADAN & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJAY MADAN & CO | FY 2024 | 113739W |
Shareholding
The shareholding of Karshev Diamonds Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karshev Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2020 | 100375995 | Others | ₹80 Lakh | Satisfied | |
| 18 Dec 2019 | 100321529 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Karshev Diamonds Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Karshev Diamonds Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹90 Lakh; the latest was in December 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Funding round | ₹90 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Karshev 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 Karshev Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karshev Diamonds Private Limited has a workforce of 26 employees on its EPFO records as of Sep 12, 2025, across 1 active EPFO establishment.
GST
Karshev Diamonds has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCK3198H1Z6 | Maharashtra | Active | 10 Dec 2018 |
| 07AAHCK3198H1Z8 | Delhi | Active | 18 May 2024 |
To see the full GST registrations and return filing status of Karshev Diamonds Private Limited, buy the company report.
Recent activity
Karshev Diamonds Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Karan Dhirendra Hirawat ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Karshev 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 11 October 2018 (8+ years old) and is registered under CIN U74999MH2018PTC315675.
Karshev Diamonds has 2 current directors:
- Karan Dhirendra Hirawat - Director
- Dhirendra Hirawat - Director
The latest financial statements of Karshev 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 2019 are in the company report.
The GSTIN of Karshev Diamonds is 27AAHCK3198H1Z6, registered in Maharashtra. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 07AAHCK3198H1Z8 (Delhi).
The CIN (Corporate Identification Number) of Karshev Diamonds is U74999MH2018PTC315675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karshev Diamonds was incorporated on 11 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Karshev Diamonds has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹90 Lakh; the latest was in December 2021.
Karan Dhirendra Hirawat ceased to be Additional Director on 29 Sep 2024. Kumud Hirawat ceased to be Director on 30 Jun 2021. Karan Dhirendra Hirawat was appointed as Director on 26 Oct 2019. Karshev Diamonds has 4 board changes on record in total.
The registered office of Karshev Diamonds is at Dc 7070 Bharat Diamond Bourse G Block Bandra Kurla Complex Opp. Nabard Head Office, Bandra E, Mumbai, Maharashtra, India – 400051.
Karshev Diamonds operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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