About MKM Diamonds Private Limited
Data last updated:
MKM Diamonds Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Paresh K Mehta Investment Pvt Ltd. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 22 May 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2009FTC192596. Its GSTIN is 27AACCE1920A1ZD (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹47.5 Cr and a paid-up capital of ₹16.39 Cr. It was formerly known as Eurostar Diamonds India Private Limited. It is led by directors including Paresh Kirtilal Mehta and Paras Paresh Mehta.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹446.28 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹2.37 Cr (net margin 0.5%) and EBITDA of ₹7.15 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company has about 210 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Surajagro and Eurostar Diamond. As per MCA filings, the company has open charges of ₹21.11 Cr and satisfied charges of ₹350.72 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 3 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹100.32 Cr; the latest was in March 2019. Its 10 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Motisons Jewellers Limited with revenue of ₹462.85 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is eurostardiamond.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBc – 4011 (West Core Entrance) 4th Floor Bharat Diamond Bourse BKC Bandra (East, ), Mumbai, Maharashtra, India – 400051
- 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 MKM Diamonds Private Limited
The main business activity of MKM 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 MKM Diamonds Private Limited FY 2023 filings available
MKM Diamonds Private Limited reported revenue of ₹446.28 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of MKM Diamonds Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 1% growth in the latest year. EBITDA rose 9% 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 MKM 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 | ₹7.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.37 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 MKM Diamonds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 MKM 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 MKM Diamonds Private Limited
MKM 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 |
|---|---|---|---|---|---|---|
| Motisons Jewellers Limited | ₹462.85 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Jaipur, Rajasthan, India |
| Prism Enterprises Private Limited | ₹461.31 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Rosy Blue Diamonds Private Limited | ₹452.41 Cr (FY 2022) | •••• | •••• | 543.0% | •••• | Mumbai, Maharashtra, India |
| Golden Carat Private Limited | ₹451.69 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Surat, Gujarat, India |
| Achal Jewels Private Limited | ₹446.8 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Jaipur, Rajasthan, India |
| MKM Diamonds Private Limited this company | ₹446.28 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Sumeet Gems and Jewellers Private Limited | ₹445.56 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Raipur, Chattisgarh, India |
| Onkar Jewellers Private Limited | ₹444.54 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Delhi, India |
| Laxmi Dia Jewel Private Limited | ₹442.8 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Sunring Trade Private Limited | ₹439.55 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Surat City, Gujarat, India |
| Mishank Diagem Private Limited | ₹437.1 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Thoba Sheri, Mahidharpura, Gujarat, India |
Peers are the five companies nearest above and the five nearest below MKM 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 MKM Diamonds Private Limited
MKM Diamonds Private Limited is audited by Mikhil Gandhi & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mikhil Gandhi & 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 MKM Diamonds Private Limited
MKM Diamonds has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Kirtilal Mehta | Director | 01 Sep 2010 | 16 Years 1 Months | As last reported |
| Paras Paresh Mehta | Director | 22 May 2009 | 17 Years 4 Months | As last reported |
| Dipti Amit Thite | Irp/Rp/Liquidator | 13 Feb 2025 | 1 Years 7 Months | As last reported |
Ownership and Shareholding of MKM 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 MKM Diamonds Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Mar 2023 | Others | ₹19 Cr | Open |
| 20 Nov 2021 | Others | ₹2.11 Cr | Open |
| 15 Feb 2021 | Others | ₹4.22 Cr | Satisfied |
| 20 Mar 2019 | Syndicate Bank | ₹15 Cr | Satisfied |
| 14 Aug 2017 | Others | ₹42.5 Cr | Satisfied |
Total charge records: 12 View all charges
Deals & Funding of MKM Diamonds Private Limited
MKM Diamonds Private Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹100.32 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: Paresh K Mehta Investment Pvt Ltd |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Paresh K Mehta Investment Pvt Ltd Seller: Eurostar Diamonds International S.A |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Paresh K Mehta Investment Pvt Ltd Seller: Eurostar Diamonds International S.A |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Paresh K Mehta Investment Pvt Ltd Seller: Eurostar Diamonds International S.A |
| Apr 2018 | Rights issue | ₹17.4 Cr | Investors: Paresh K Mehta Investment Pvt Ltd |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of MKM Diamonds Private Limited
MKM Diamonds Private Limited has 9 court cases on record: 6 filed by MKM Diamonds, 3 filed against it. 3 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 0 | 0 |
| High courts | 3 | 3 | 3 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Abn Amro Bank, N V Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Abn-Amro Bank, N.V. Limited | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Abn-Amro Bank, N.V. Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against State Bank of India and 1 other | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against State Bank of India | Disposed |
Full case history
All 9 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.
MSME Payment Delays by MKM Diamonds Private Limited
MKM Diamonds Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| CJ Exporters | •••• | •••• | •••• |
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.
Associated Brands with MKM Diamonds Private Limited
MKM Diamonds operates two associated brands: Surajagro and Eurostar Diamond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers liquid and dry storage facilities and export services at ports. | surajagro.co.in | |
| Fine jewelry is designed, produced, and distributed by Eurostar Diamond. | eurostardiamond.com |
Employees and EPFO Compliance at MKM Diamonds Private Limited
MKM Diamonds Private Limited has a workforce of 210 employees as of Apr 08, 2024.
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 MKM Diamonds Private Limited
MKM Diamonds Private Limited has 7 board changes on record since 2009: 3 appointments and 4 cessations. The latest: Dipti Amit Thite was appointed as Irp/Rp/Liquidator on 13 Feb 2025.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MKM 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 MKM 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 MKM Diamonds Private Limited
MKM Diamonds has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE1920A1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AACCE1920A2ZC | Maharashtra | Active | 24 Apr 2025 |
| 33AACCE1920A1ZK | Tamil Nadu | 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 MKM 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 MKM Diamonds Private Limited
MKM Diamonds is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
MKM Diamonds is a company under insolvency, formerly operating as a foreign 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 22 May 2009 and is registered under CIN U36911MH2009FTC192596. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
MKM Diamonds reported revenue of ₹446.28 Cr for FY 2025 (up 1% YoY).
MKM Diamonds has 3 current directors:
- Paresh Kirtilal Mehta - Director
- Paras Paresh Mehta - Director
- Dipti Amit Thite - Irp/Rp/Liquidator
MKM Diamonds reported a net profit of ₹2.37 Cr (net margin 0.5%) and EBITDA of ₹7.15 Cr (EBITDA margin 1.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MKM Diamonds is 11% over three years and 5% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of MKM Diamonds is U36911MH2009FTC192596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MKM Diamonds has open charges of ₹21.11 Cr and satisfied charges of ₹350.72 Cr as per latest MCA filings.
MKM Diamonds has 9 court cases on record: 6 filed by the company and 3 filed against it. 3 are pending. Most are in the nclat.
MKM Diamonds was incorporated on 22 May 2009. It is registered with the Registrar of Companies, Mumbai.
MKM Diamonds has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹100.32 Cr; the latest was in March 2019.
The peers of MKM Diamonds by revenue are Motisons Jewellers Limited, Prism Enterprises Private Limited, Rosy Blue Diamonds Private Limited, Golden Carat Private Limited, Achal Jewels Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).