MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0068870
Modern Gem and Designer Private Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.97 Cr
▼ 51% YoY
Net profit · FY 2025
₹1.55 Cr
Net margin 5.2%
EBITDA · FY 2025
₹2.21 Cr
EBITDA margin 7.4%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹4.95 Cr
No open charges
Company age
39 yrs
Est. 1987
Directors on board
2
As per MCA filings
About Modern Gem and Designer Private Limited
Data last updated:
Modern Gem and Designer Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 21 October 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U55101GJ1987PTC010080. Its GSTIN is 24AAFCS1316R1Z5 (Gujarat).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sanskrut Hotels Pvt Ltd. It is led by directors Smeet Rajankumar Zaveri and Rajan Bhailalbhai Zaveri.
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 301 Shilp Building C.G.Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.97 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹1.55 Cr (net margin 5.2%) and EBITDA of ₹2.21 Cr (EBITDA margin 7.4%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 26% over five years.
As per MCA filings, the company has satisfied charges of ₹4.95 Cr on record.
Modern Gem and Designer Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0068870). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modernjewellers.com.
Company details
CIN U55101GJ1987PTC010080
Registration Number 010080
Incorporation Date 21 October 1987
ROC Ahmedabad
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-GJ-01-0068870
Recognitions & Rankings of Modern Gem and Designer
Contact details
Modern Gem and Designer Private Limited's registered office is in Ahmedabad, Gujarat. Its website is modernjewellers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address301 Shilp Building C.G.Road, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Modern Gem and Designer Private Limited, buy the company report.
Comprehensive company report
Modern Gem and Designer 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 Modern Gem and Designer is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Modern Gem and Designer Private Limited, buy the company report.
Financials of Modern Gem and Designer Private Limited
FY 2025 filings availableModern Gem and Designer Private Limited reported revenue of ₹29.97 Cr (down 51% YoY) for FY 2025.
Revenue · FY 2025
₹29.97 Cr ▼ 51%
Net profit · FY 2025
₹1.55 Cr margin 5.2%
EBITDA · FY 2025
₹2.21 Cr margin 7.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 51%
3 years · compounded
▼ 38%
5 years · compounded
▼ 26%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 12%
5 years · compounded
▼ 26%
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 51% fall in the latest year. EBITDA fell 35% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.55 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | ||||
| Net Profit Margin | 5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Modern Gem and Designer Private Limited, buy the company report.
Board of directors of Modern Gem and Designer Private Limited
Modern Gem and Designer has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smeet Rajankumar Zaveri | Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Rajan Bhailalbhai Zaveri | Director | 11 Mar 2005 | 21 Years 7 Months | Current |
Auditor
Modern Gem and Designer Private Limited is audited by Sudhir N Doshi & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudhir N Doshi & Co | FY 2023 | 110496W |
Shareholding
The shareholding of Modern Gem and Designer Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modern Gem and Designer Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2014 | 10519642 | Kotak Mahindra Bank Limited | ₹4.95 Cr | Satisfied |
To see the full charge records of Modern Gem and Designer Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Modern Gem and Designer 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
Modern Gem and Designer Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 35 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Satsang Jewellers | |||
| Shivganga Art Private Limited | |||
| an individual supplier | |||
| Aditya Ornaments | |||
| an individual supplier |
To see the full MSME payment records of Modern Gem and Designer Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Modern Gem and Designer has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCS1316R1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Gem and Designer Private Limited, buy the company report.
Recent activity
Modern Gem and Designer Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Smeet Rajankumar Zaveri ceased to be Additional Director on 29 Sep 2018.
AGM
Modern Gem And Designer Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modern Gem And Designer Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 11 Sep 2014 via Charge ID 10519642 with Kotak Mahindra Bank Limited was fully satisfied on 30 Sep 2021.
Ceased
Smeet Rajankumar Zaveri ceased to be Additional Director.
Ceased
Raxaben Rajan Zaveri ceased to be Director.
Appointed
Smeet Rajankumar Zaveri was appointed as Director.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 495.00 Lakh registered on 11 Sep 2014 with Charge ID 10519642 was modified on 23 Jul 2015.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 495.00 Lakh with Charge ID 10519642 was registered on 11 Sep 2014.
Appointed
Rajan Bhailalbhai Zaveri was appointed as Director.
Incorporation
21 Oct 1987
Modern Gem And Designer Private Limited was registered on 21 Oct 1987 with Roc Ahmedabad & aged 39 years 20 days as per MCA records.
Frequently asked questions
Modern Gem and Designer is an active private limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 21 October 1987 (39+ years old) and is registered under CIN U55101GJ1987PTC010080.
Modern Gem and Designer has 2 current directors:
- Smeet Rajankumar Zaveri - Director
- Rajan Bhailalbhai Zaveri - Director
The latest financial statements of Modern Gem and Designer 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 Modern Gem and Designer is 24AAFCS1316R1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Modern Gem and Designer is U55101GJ1987PTC010080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Gem and Designer was incorporated on 21 October 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Smeet Rajankumar Zaveri ceased to be Additional Director on 29 Sep 2018. Raxaben Rajan Zaveri ceased to be Director on 05 Jun 2018. Smeet Rajankumar Zaveri was appointed as Director on 01 Jun 2018. Modern Gem and Designer has 4 board changes on record in total.
Yes, Modern Gem and Designer is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0068870).
Modern Gem and Designer has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 35 overdue payments to 5 micro and small suppliers. The latest return was filed on 04 Jun 2019.
Modern Gem and Designer can be reached through the website modernjewellers.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Modern Gem and Designer is at 301 Shilp Building C.G.Road, Ahmedabad, Gujarat, India – 380009.
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