MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0183981
Maitri Lab-Grown Diamonds Private Limited
Maitri Lab-Grown Diamonds Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹167.8 Cr
▲ 114% YoY
Net profit · FY 2025
₹25.33 Cr
Net margin 15.1%
EBITDA · FY 2025
₹54.94 Cr
EBITDA margin 32.7%
Authorised capital
₹5.05 Cr
Registered with MCA
Paid-up capital
₹5.05 Cr
Issued & subscribed
Open charges
₹94.47 Cr
Satisfied ₹1.75 Cr
Company age
4 yrs
Est. 2022
Employees · EPFO
77
Provident fund records
About Maitri Lab-Grown Diamonds Private Limited
Data last updated:
Maitri Lab-Grown 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 24 August 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36996MH2022PTC389224. Its GSTIN is 27AAQCM1244D1ZK (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5.05 Cr and a paid-up capital of ₹5.05 Cr. It is led by directors Vraj Rajesh Trivedi and Hasmukh Mohan Bhai Latheeya.
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 9 Clover Grove Chsl Garden Grove Complex Kanti Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹167.8 Cr, a growth of 114% compared to the previous year. For the same year it recorded a net profit of ₹25.33 Cr (net margin 15.1%) and EBITDA of ₹54.94 Cr (EBITDA margin 32.7%).
The company has about 77 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹94.47 Cr and satisfied charges of ₹1.75 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in March 2025. Its 6 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, 4 larger and 2 smaller; the largest is Dirgh Diamond Private Limited with revenue of ₹169.45 Cr.
Maitri Lab-Grown Diamonds Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0183981). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36996MH2022PTC389224
Registration Number 389224
Incorporation Date 24 August 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0183981
Recognitions & Rankings of Maitri Lab-Grown Diamonds
Contact details
Maitri Lab-Grown 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 AddressShop – 9 Clover Grove Chsl Garden Grove Complex Kanti Park Layout Chikuwadi Borivali (, West), Mumbai, Maharashtra, India – 400092
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Comprehensive company report
Maitri Lab-Grown Diamonds Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Maitri Lab-Grown Diamonds 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 Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Financials of Maitri Lab-Grown Diamonds Private Limited
FY 2025 filings availableMaitri Lab-Grown Diamonds Private Limited reported revenue of ₹167.8 Cr (up 114% YoY) for FY 2025.
Revenue · FY 2025
₹167.8 Cr ▲ 114%
Net profit · FY 2025
₹25.33 Cr margin 15.1%
EBITDA · FY 2025
₹54.94 Cr margin 32.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 114%
EBITDA CAGR growth
1 year
▲ 57%
Revenue rose 114% in the latest year. EBITDA rose 57% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹54.94 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹25.33 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 32.7% | ||
| Net Profit Margin | 15.1% | ||
| 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 Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Board of directors of Maitri Lab-Grown Diamonds Private Limited
Maitri Lab-Grown Diamonds has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vraj Rajesh Trivedi Also directs: Sanginimaitri Labs LLP, Maitri - SNBN Renewable (SPV) Private Limited, Paashaan Lab Diamond Private Limited and 1 more | Director | 24 Aug 2022 | 4 Years 2 Months | Current |
| Hasmukh Mohan Bhai Latheeya Also directs: Maitriai Private Limited | Director | 24 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Maitri Lab-Grown Diamonds Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Dirgh Diamond Private Limited | ₹169.45 Cr (FY 2023) | -1.0% | Mumbai, Maharashtra, India | |||
| Maa Siddhidatri Chains Private Limited | ₹169.07 Cr (FY 2025) | 71.0% | Agra, Uttar Pradesh, India | |||
| Kanani Industries Limited | ₹168.99 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Radium Creation Private Limited | ₹168.45 Cr (FY 2025) | 17.0% | Navi Mumbai, Maharashtra, India | |||
| Maitri Lab-Grown Diamonds Private Limitedthis company | ₹167.8 Cr (FY 2025) | ₹25.33 Cr | 15.1% | 114.0% | 77 | Mumbai, Maharashtra, India |
| V-Verma Jewellers Private Limited | ₹167.69 Cr (FY 2025) | 65.0% | New Delhi, Delhi, India | |||
| Gurjar Gems Private Limited | ₹166.86 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Auditor
Maitri Lab-Grown Diamonds Private Limited is audited by A D R J & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D R J & COMPANY | FY 2023 | 133405W |
Shareholding
The shareholding of Maitri Lab-Grown Diamonds Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹94.47 Cr
Satisfied charges
₹1.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101142549 | Others | ₹17 Cr | Open | |
| 01 Oct 2024 | 100994597 | Others | ₹29.22 Cr | Open | |
| 13 Feb 2023 | 100681491 | Others | ₹48.25 Cr | Open | |
| 12 May 2023 | 100727033 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹1.75 Cr | Satisfied |
To see the full charge records of Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Maitri Lab-Grown Diamonds Private Limited has 1 deal on record (1 rights issue); the latest was in March 2025.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹5 Cr | 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 Maitri Lab-Grown 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 Maitri Lab-Grown Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maitri Lab-Grown Diamonds Private Limited has a workforce of 77 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
Employee growth
250%
GST
Maitri Lab-Grown Diamonds has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCM1244D1ZK | Maharashtra | Active | 23 Sep 2022 |
| 24AAQCM1244D1ZQ | Gujarat | Active | 23 Jan 2023 |
To see the full GST registrations and return filing status of Maitri Lab-Grown Diamonds Private Limited, buy the company report.
Recent activity
Maitri Lab-Grown Diamonds Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Hasmukh Mohan Bhai Latheeya was appointed as Director on 24 Aug 2022.
AGM
Maitri Lab-Grown Diamonds Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 17.00 Cr with Charge ID 101142549 was registered on 31 Jul 2025.
Charges
A charge with Others of Rs. 29.22 Cr registered on 01 Oct 2024 with Charge ID 100994597 was modified on 31 Jul 2025.
Charges
A charge with Others of Rs. 48.25 Cr registered on 13 Feb 2023 with Charge ID 100681491 was modified on 31 Jul 2025.
Filing
Maitri Lab-Grown Diamonds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 29.22 Cr with Charge ID 100994597 was registered on 01 Oct 2024.
Charges
A charge registered on 12 May 2023 via Charge ID 100727033 with The Bharat Co-Operative Bank(Mumbai) Ltd was fully satisfied on 30 Mar 2024.
Charges
A charge with The Bharat Co-Operative Bank(Mumbai) Ltd amounted to Rs. 1.75 Cr with Charge ID 100727033 was registered on 12 May 2023.
Charges
A charge with Others amounted to Rs. 48.25 Cr with Charge ID 100681491 was registered on 13 Feb 2023.
Appointed
Hasmukh Mohan Bhai Latheeya was appointed as Director.
Appointed
Vraj Rajesh Trivedi was appointed as Director.
Incorporation
24 Aug 2022
Maitri Lab-Grown Diamonds Private Limited was registered on 24 Aug 2022 with Roc Mumbai I & aged 4 years 2 months as per MCA records.
Frequently asked questions
Maitri Lab-Grown 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 24 August 2022 (4+ years old) and is registered under CIN U36996MH2022PTC389224.
Maitri Lab-Grown Diamonds has 2 current directors:
- Vraj Rajesh Trivedi - Director
- Hasmukh Mohan Bhai Latheeya - Director
The latest financial statements of Maitri Lab-Grown 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 2023 are in the company report.
The GSTIN of Maitri Lab-Grown Diamonds is 27AAQCM1244D1ZK, 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 24AAQCM1244D1ZQ (Gujarat).
The CIN (Corporate Identification Number) of Maitri Lab-Grown Diamonds is U36996MH2022PTC389224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maitri Lab-Grown Diamonds was incorporated on 24 August 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Maitri Lab-Grown Diamonds has 1 deal on record (1 rights issue); the latest was in March 2025.
The peers of Maitri Lab-Grown Diamonds by revenue are Dirgh Diamond Private Limited, Maa Siddhidatri Chains Private Limited, Kanani Industries Limited, Radium Creation Private Limited, V-Verma Jewellers Private Limited and 1 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).
Hasmukh Mohan Bhai Latheeya was appointed as Director on 24 Aug 2022. Vraj Rajesh Trivedi was appointed as Director on 24 Aug 2022.
Yes, Maitri Lab-Grown Diamonds is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0183981).
The registered office of Maitri Lab-Grown Diamonds is at Shop – 9 Clover Grove Chsl Garden Grove Complex Kanti Park Layout Chikuwadi Borivali , West, Mumbai, Maharashtra, India – 400092.
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