Meru Diamonds (India) Private Limited
About Meru Diamonds (India) Private Limited
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Meru Diamonds (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 24 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH2004PTC144692. Its GSTIN is 27AADCM8932D1ZG (Maharashtra).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹20.41 Lakh. It is led by directors including Bhumik Himmatmal Kothari and Asha Himmatmal Kothari.
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 3/A Trishla Premises Chs Ltd122 Sheikh Memon Street Zaveri Bazar, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.94 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹24.5 Lakh (net margin 1.3%) and EBITDA of ₹1.4 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹40 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Meru Diamonds (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address3/A Trishla Premises Chs Ltd122 Sheikh Memon Street Zaveri Bazar, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Meru Diamonds (India) 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 Meru Diamonds (India) 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 Meru Diamonds (India) Private Limited, buy the company report.
Financials of Meru Diamonds (India) Private Limited
FY 2025 filings availableMeru Diamonds (India) Private Limited reported revenue of ₹18.94 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 30% growth in the latest year. EBITDA rose 23% 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 | ₹1.4 Cr | ||||
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| Net Profit (PAT) | ₹24.5 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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| EBITDA Margin | 7.4% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Meru Diamonds (India) Private Limited, buy the company report.
Board of directors of Meru Diamonds (India) Private Limited
Meru Diamonds (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhumik Himmatmal Kothari | Director | 17 Jan 2024 | 2 Years 9 Months | Current |
| Asha Himmatmal Kothari | Director | 02 Nov 2015 | 11 Years 0 Months | Current |
| Himmatmal Kundanmal Kothari | Director | 24 Feb 2004 | 22 Years 8 Months | Current |
Auditor
Meru Diamonds (India) Private Limited is audited by MADANLAL TATER & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MADANLAL TATER & CO | FY 2020 | 105699W |
Shareholding
The shareholding of Meru Diamonds (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Meru Diamonds (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Feb 2024 | 100882091 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Meru Diamonds (India) 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 Meru Diamonds (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Meru Diamonds (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM8932D1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Meru Diamonds (India) Private Limited, buy the company report.
Recent activity
Meru Diamonds (India) Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Bhumik Himmatmal Kothari was appointed as Director on 17 Jan 2024.
Frequently asked questions
Meru Diamonds (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 24 February 2004 (22+ years old) and is registered under CIN U36910MH2004PTC144692.
Meru Diamonds (India) has 3 current directors:
- Bhumik Himmatmal Kothari - Director
- Asha Himmatmal Kothari - Director
- Himmatmal Kundanmal Kothari - Director
The latest financial statements of Meru Diamonds (India) 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 Meru Diamonds (India) is 27AADCM8932D1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Meru Diamonds (India) is U36910MH2004PTC144692. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meru Diamonds (India) was incorporated on 24 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhumik Himmatmal Kothari was appointed as Director on 17 Jan 2024. Rameshkumar Kundanmal Kothari ceased to be Director on 24 Dec 2015. Manaklal Kundanmal Kothari ceased to be Director on 16 Nov 2015. Meru Diamonds (India) has 5 board changes on record in total.
The registered office of Meru Diamonds (India) is at 3A Trishla Premises Chs Ltd122 Sheikh Memon Street Zaveri Bazar, Mumbai, Maharashtra, India – 400002.
Meru Diamonds (India) operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
Meru Diamonds (India) has open charges of ₹40 Lakh and no satisfied charges on record as per latest MCA filings.
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