About Midas Diamonds Private Limited
Data last updated:
Midas 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 30 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2012PTC231683. Its GSTIN is 27AAHCM9625M1ZT (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Navin Jain Sampatlal and Vikas Sampatlal Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 210 Keyto Ind Estate Near Pidilite Industries 220 Kondivita Village Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹165.72 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Cr (net margin 2%) and EBITDA of ₹5.82 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹13.2 Cr and satisfied charges of ₹4.6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasdiamond.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address210 Keyto Ind Estate Near Pidilite Industries 220 Kondivita Village Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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 Midas Diamonds Private Limited
The main business activity of Midas Diamonds is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Midas Diamonds Private Limited FY 2024 filings available
Midas Diamonds Private Limited reported revenue of ₹165.72 Cr (up 67% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Midas Diamonds Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 67% growth in the latest year. EBITDA rose 65% 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 of Midas 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 | ₹5.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.32 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 Midas Diamonds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2% | •••• | •••• | •••• | •••• |
| 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 Midas 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 Midas Diamonds Private Limited
Midas Diamonds Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gurjar Gems Private Limited | ₹166.86 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Shakuntla Jewellers Private Limited | ₹166.18 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Patna, Bihar, India |
| Kunj Bihari Bullions & Jewellers Private Limited | ₹165.92 Cr (FY 2025) | •••• | •••• | 107.0% | •••• | Bareilly, Uttar Pradesh, India |
| K Madhu Jewellers Private Limited | ₹165.76 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Rency Jewels Private Limited | ₹165.75 Cr (FY 2025) | •••• | •••• | 749.0% | •••• | Ahmedabad, Gujarat, India |
| Midas Diamonds Private Limited this company | ₹165.72 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Mumbai, Maharashtra, India |
| Saravana Chains Private Limited | ₹165.29 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Madurai, Tamil Nadu, India |
| Sudarshan Dia Gem Private Limited | ₹165.2 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Surat, Gujarat, India |
| Raja Gems Private Limited | ₹165.17 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Rohit Gems & Jewels Private Limited | ₹165.1 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Sutariya Gems Private Limited | ₹165.04 Cr (FY 2023) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Midas Diamonds by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 Midas Diamonds Private Limited
Midas Diamonds Private Limited is audited by R P JAIN & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R P JAIN & ASSOCIATES | 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 Midas Diamonds Private Limited
Midas Diamonds has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navin Jain Sampatlal Also directs: Satkar Ornaments Private Limited | Director | 30 May 2012 | 14 Years 4 Months | Current |
| Vikas Sampatlal Jain Also directs: Satkar Ornaments Private Limited | Director | 30 May 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Midas 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 Midas Diamonds Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Sep 2025 | Others | ₹5.85 Cr | Open |
| 05 Jan 2022 | City Union Bank Limited | ₹7.35 Cr | Open |
| 27 Jul 2023 | City Union Bank Limited | ₹80 Lakh | Satisfied |
| 12 Jun 2018 | Yes Bank Limited | ₹3.8 Cr | Satisfied |
Total charge records: 4 View all charges
MSME Payment Delays by Midas Diamonds Private Limited
Midas Diamonds Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 43 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Komal Exports | •••• | •••• | •••• |
| Orno India Solution Private Limited | •••• | •••• | •••• |
| Sequel Logistics Private Limited | •••• | •••• | •••• |
| Dhara Export | •••• | •••• | •••• |
| Maruti Diamonds | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Midas Diamonds Private Limited
Employment history and EPFO contributions of people linked to Midas 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 Midas Diamonds Private Limited
Midas Diamonds Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Dasarathi Mohanty ceased to be Director on 20 Apr 2018.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midas 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.
Subsidiaries & Group Companies of Midas 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 Midas Diamonds Private Limited
Midas Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM9625M1ZT | Maharashtra | 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 Midas 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 Midas Diamonds Private Limited
Midas 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 30 May 2012 (14+ years old) and is registered under CIN U36912MH2012PTC231683.
Midas Diamonds reported revenue of ₹165.72 Cr for FY 2025 (up 67% YoY).
Midas Diamonds has 2 current directors:
- Navin Jain Sampatlal - Director
- Vikas Sampatlal Jain - Director
Midas Diamonds reported a net profit of ₹3.32 Cr (net margin 2%) and EBITDA of ₹5.82 Cr (EBITDA margin 3.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midas Diamonds is 47% over three years and 37% over five years. In the latest year (FY 2025) revenue rose 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Midas Diamonds is 27AAHCM9625M1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Midas Diamonds is U36912MH2012PTC231683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Diamonds was incorporated on 30 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Midas Diamonds by revenue are Gurjar Gems Private Limited, Shakuntla Jewellers Private Limited, Kunj Bihari Bullions & Jewellers Private Limited, K Madhu Jewellers Private Limited, Rency Jewels Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Dasarathi Mohanty ceased to be Director on 20 Apr 2018. Navin Jain Sampatlal was appointed as Director on 30 May 2012. Vikas Sampatlal Jain was appointed as Director on 30 May 2012.
Midas Diamonds has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 43 overdue payments to 11 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Midas Diamonds can be reached through the website midasdiamond.com. Its registered office is in Mumbai, Maharashtra, India.