About Laxmi Diamond Private Limited
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Laxmi Diamond Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 12 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2006PTC161091. Its GSTIN is 27AABCL1815G1ZT (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹48 Cr and a paid-up capital of ₹23.77 Cr. It is led by directors Ashokkumar Haribhai Gajera (Managing Director) and Bakulbhai Haribhai Gajera.
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 Ew – 2200 2nd Floor E West Wing Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,973.33 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹26.52 Cr (net margin 0.9%) and EBITDA of ₹101.05 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
The company has about 508 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Laxmi Diamond. As per MCA filings, the company has open charges of ₹1,196.92 Cr and satisfied charges of ₹866.68 Cr on record. Court records list 28 cases involving the company, including 9 filed by the company and 19 filed against it; 14 cases are pending. The company has 13 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹268.65 Cr; the latest was in March 2024. Its 4 peer companies in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), 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 1 smaller; the largest is Shineshilpi Jewellers Private Limited with revenue of ₹3,205.93 Cr. The company has 3 MSME Form 1 returns on record between 2018 and 2020, listing 47 overdue payments to 30 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website laxmidiamond.com.
Company details
Contact details
Laxmi Diamond Private Limited's registered office is in Mumbai, Maharashtra. Its website is laxmidiamond.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEw – 2200 2nd Floor E West Wing Bharat Diamond Bourse Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Laxmi Diamond 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
Laxmi Diamond operates one associated brand: Laxmi Diamond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diamond polishing, ethical sourcing, and jewelry manufacturing by Laxmi Diamond. | laxmidiamond.com |
Business activity
The main business activities of Laxmi Diamond are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| 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 | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Laxmi Diamond Private Limited, buy the company report.
Financials of Laxmi Diamond Private Limited
FY 2025 filings availableLaxmi Diamond Private Limited reported revenue of ₹2,973.33 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 32% 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 | ₹101.05 Cr | ||||
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| Net Profit (PAT) | ₹26.52 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 | 3.4% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Laxmi Diamond Private Limited, buy the company report.
Board of directors of Laxmi Diamond Private Limited
Laxmi Diamond has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokkumar Haribhai Gajera | Managing Director | 12 Apr 2006 | 20 Years 6 Months | Current |
| Bakulbhai Haribhai Gajera Also directs: Shanti Integrated Textile Park Private Limited, Millennium Infra Square LLP, Shanti Residences Private Limited and 1 more | Director | 16 Jul 2013 | 13 Years 3 Months | Current |
Peer comparison
Laxmi Diamond Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), 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 |
|---|---|---|---|---|---|---|
| Shineshilpi Jewellers Private Limited | ₹3,205.93 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Altim Metals Private Limited | ₹3,101.37 Cr (FY 2025) | 102.0% | Mumbai, Maharashtra, India | |||
| Asian Star Company Limited | ₹2,976.27 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Laxmi Diamond Private Limitedthis company | ₹2,973.33 Cr (FY 2025) | ₹26.52 Cr | 0.9% | -10.0% | 508 | Mumbai, Maharashtra, India |
| M Suresh Company Private Limited | ₹2,878.66 Cr (FY 2025) | -25.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Laxmi Diamond Private Limited, buy the company report.
Auditor
Laxmi Diamond Private Limited is audited by Jhaveri Shah Sheth for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jhaveri Shah Sheth | FY 2024 | W100233 |
Shareholding
The shareholding of Laxmi Diamond 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 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 Laxmi Diamond Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2025 | 101051811 | Sbicap Trustee Company Limited | ₹293.01 Cr | Open | |
| 05 Jan 2024 | 100839349 | Others | ₹17 Cr | Open | |
| 20 Dec 2023 | 100839351 | Others | ₹17 Cr | Open | |
| 29 Mar 2022 | 100584235 | Others | ₹11 Cr | Open | |
| 30 Mar 2021 | 100438362 | Others | ₹22 Cr | Open |
To see the full charge records of Laxmi Diamond Private Limited, buy the company report.
Total charge records: 35 View all charges
Deals & funding
Laxmi Diamond Private Limited has 13 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹268.65 Cr; the latest was in March 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹123.6 Cr | Investors: an individual |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2018 | Rights issue | ₹60 Cr | Investors: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Laxmi Diamond Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Laxmi Diamond Private Limited has 28 court cases on record: 9 filed by Laxmi Diamond, 19 filed against it. 14 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 16 | 11 |
| High courts | 7 | 3 | 3 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Execution petition | Filed against the company by Rays Power Experts Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Rays Power Experts Private Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Ltd / Nitin.B.Patel | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Rays Power Experts Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against 1.C.G.Impex Ltd | Disposed |
To see the full case history of Laxmi Diamond 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
Laxmi Diamond Private Limited was last rated by Care on 13 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 13 Jul 2022 |
To see the full credit ratings and regulatory alerts of Laxmi Diamond Private Limited, buy the company report.
MSME payment delays
Laxmi Diamond Private Limited has 3 MSME Form 1 returns on record between 2018 and 2020, listing 47 overdue payments to 30 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 (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S.S. Exports(Pur) | |||
| Maruti Impex(Pur) | |||
| P. Hitesh & Co (Pur) (Sur) | |||
| Kiran Gems Private Limited | |||
| Vishindas Holaram(Pur) |
To see the full MSME payment records of Laxmi Diamond Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Laxmi Diamond Private Limited has a workforce of 508 employees on its EPFO records as of Feb 19, 2025, across 2 active EPFO establishments.
GST
Laxmi Diamond has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL1815G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 24AABCL1815G1ZZ | Gujarat | Active | 01 Jul 2017 |
| 08AABCL1815G1ZT | Rajasthan | Active | 30 Sep 2017 |
To see the full GST registrations and return filing status of Laxmi Diamond Private Limited, buy the company report.
Recent activity
Laxmi Diamond Private Limited has 16 board changes on record since 2006: 2 appointments and 14 cessations. The latest: Mitesh Chunilal Gajera ceased to be Director on 26 Feb 2024.
74 earlier events are in the company report.
Frequently asked questions
Laxmi Diamond is an active private limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 12 April 2006 (20+ years old) and is registered under CIN U36911MH2006PTC161091.
Laxmi Diamond has 2 current directors:
- Ashokkumar Haribhai Gajera - Managing Director
- Bakulbhai Haribhai Gajera - Director
The latest financial statements of Laxmi Diamond 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 Laxmi Diamond is 27AABCL1815G1ZT, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AABCL1815G1ZZ (Gujarat), 08AABCL1815G1ZT (Rajasthan).
The CIN (Corporate Identification Number) of Laxmi Diamond is U36911MH2006PTC161091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmi Diamond has 28 court cases on record: 9 filed by the company and 19 filed against it. 14 are pending. Most are in the district courts.
Laxmi Diamond was incorporated on 12 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Laxmi Diamond has 13 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹268.65 Cr; the latest was in March 2024.
The peers of Laxmi Diamond by revenue are Shineshilpi Jewellers Private Limited, Altim Metals Private Limited, Asian Star Company Limited, M Suresh Company Private Limited, all in the Cleantech industry (Watches and Jewellery Manufacturers, Wind Power), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Mitesh Chunilal Gajera ceased to be Director on 26 Feb 2024. Shyam Bhadresh Kapadia ceased to be Company Secretary on 12 Jul 2022. Bhumik Vasantbhai Gajera ceased to be Director on 20 Jun 2022. Laxmi Diamond has 16 board changes on record in total.
Laxmi Diamond has 3 MSME Form 1 returns on record between 2018 and 2020, listing 47 overdue payments to 30 micro and small suppliers. The latest return was filed on 08 Dec 2020.
Laxmi Diamond can be reached through the website laxmidiamond.com. Its registered office is in Mumbai, Maharashtra, India.