Mallesh Diamonds Private Limited
About Mallesh Diamonds Private Limited
Data last updated:
Mallesh Diamonds Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 02 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36912GJ2012PTC070179. Its GSTIN is 24AAHCM8974B1ZC (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Keval Balaram Pendhari and Namadev Ganpat Nivate.
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 106 Santok Diamond Apartment Hat Falia Haripura, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.49 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.32 Cr (net margin 2.8%) and EBITDA of ₹1.77 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 510% over three years and 99% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address106 Santok Diamond Apartment Hat Falia Haripura, Surat, Gujarat, India – 395003
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Mallesh Diamonds Private Limited
The main business activity of Mallesh Diamonds is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mallesh Diamonds Private Limited FY 2025 filings available
Mallesh Diamonds Private Limited reported revenue of ₹47.49 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mallesh Diamonds Private Limited
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 99%. 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 of Mallesh Diamonds Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.32 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 of Mallesh Diamonds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mallesh Diamonds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mallesh Diamonds Private Limited
Mallesh Diamonds Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Swastik Gold & Silver House Private Limited | ₹47.77 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Jaiswal Churi Sansar Jewellers Private Limited | ₹47.76 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Meerut, Uttar Pradesh, India |
| Tco Reliance India Private Limited | ₹47.64 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Kohinoor Eximtex Private Limited | ₹47.6 Cr (FY 2016) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Gandharv Gems Private Limited | ₹47.56 Cr (FY 2020) | •••• | •••• | -37.0% | •••• | Surat, Gujarat, India |
| Mallesh Diamonds Private Limited this company | ₹47.49 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Surat, Gujarat, India |
| Bardia Jewellers Private Limited | ₹47.48 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Rajnandgaon, Chhattisgarh, India |
| S.Raj Jewels Private Limited | ₹47.16 Cr (FY 2025) | •••• | •••• | •••• | Sultanpur, Uttar Pradesh, India | |
| Shilpa Diamonds Private Limited | ₹47.15 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Shantikiran Jewelers Private Limited | ₹47.15 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Hyderabad, Telangana, India |
| Solitario Lab Grown Private Limited | ₹47.08 Cr (FY 2025) | •••• | •••• | 649.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mallesh Diamonds by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mallesh Diamonds Private Limited
Mallesh Diamonds Private Limited is audited by Prakash Jhunjhunwala and Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Prakash Jhunjhunwala and Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mallesh Diamonds Private Limited
Mallesh Diamonds has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keval Balaram Pendhari | Director | 26 Mar 2018 | 8 Years 6 Months | Current |
| Namadev Ganpat Nivate Also directs: Harshit Gems Limited | Director | 07 Feb 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Mallesh Diamonds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mallesh Diamonds Private Limited
Mallesh Diamonds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Mallesh Diamonds Private Limited
Mallesh Diamonds Private Limited has 1 court case on record: 1 filed by Mallesh Diamonds. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Mallesh Diamonds Private Limited
Employment history and EPFO contributions of people linked to Mallesh Diamonds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mallesh Diamonds Private Limited
Mallesh Diamonds Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Keval Balaram Pendhari was appointed as Director on 26 Mar 2018.
Credit Ratings, Litigation & Regulatory Alerts for Mallesh Diamonds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mallesh Diamonds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mallesh Diamonds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mallesh Diamonds Private Limited
Mallesh Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCM8974B1ZC | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mallesh Diamonds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mallesh Diamonds Private Limited
Mallesh Diamonds is an active private limited company based in Surat, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 02 May 2012 (14+ years old) and is registered under CIN U36912GJ2012PTC070179.
Mallesh Diamonds reported revenue of ₹47.49 Cr for FY 2025 (down 24% YoY).
Mallesh Diamonds has 2 current directors:
- Keval Balaram Pendhari - Director
- Namadev Ganpat Nivate - Director
Mallesh Diamonds reported a net profit of ₹1.32 Cr (net margin 2.8%) and EBITDA of ₹1.77 Cr (EBITDA margin 3.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mallesh Diamonds is 510% over three years and 99% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mallesh Diamonds is 24AAHCM8974B1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Mallesh Diamonds is U36912GJ2012PTC070179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mallesh Diamonds has 1 court case on record: 1 filed by the company.
Mallesh Diamonds was incorporated on 02 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mallesh Diamonds by revenue are Shree Swastik Gold & Silver House Private Limited, Jaiswal Churi Sansar Jewellers Private Limited, Tco Reliance India Private Limited, Kohinoor Eximtex Private Limited, Gandharv Gems Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Keval Balaram Pendhari was appointed as Director on 26 Mar 2018. Sambhusingh Babulalji Jain ceased to be Director on 26 Mar 2018. Rajesh Labhubhai Sheta ceased to be Director on 08 Feb 2018. Mallesh Diamonds has 9 board changes on record in total.