About Msjpl Jewellery Private Limited
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Msjpl Jewellery Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of M Suresh Exports Private Limited. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 11 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65920MH1994PTC080302.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹63 Lakh. It was formerly known as Zeroth Finance Private Limited and M.Suresh Jewellery Private Limited. It is led by directors including Yash Manish Pethani and Rajesh Jayantilal Vora.
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 Plot No.18 Seepz SEZ Andheri (E), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹813.76 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹5.46 Cr (net margin 0.7%) and EBITDA of ₹18.2 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 24% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹139.5 Cr and satisfied charges of ₹101 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹22.49 Cr; the latest was in September 2019. Its 7 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 3 smaller; the largest is Tara Jewels Limited with revenue of ₹845.17 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msjpl.com.
Company details
Name history
Msjpl Jewellery has undergone 4 name changes throughout its history. The current legal name is Msjpl Jewellery Private Limited.
| Company Name | Status |
|---|---|
| Msjpl Jewellery Private Limited | Current |
| Zeroth Finance Private Limited | Previous |
| M.Suresh Jewellery Private Limited | Previous |
| Msj Designs Private Limited | Previous |
| Msjap Jewellery Private Limited | Previous |
Contact details
Msjpl Jewellery Private Limited's registered office is in Mumbai, Maharashtra. Its website is msjpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.18 Seepz SEZ Andheri (E), Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Msjpl Jewellery 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 Msjpl Jewellery is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Msjpl Jewellery Private Limited, buy the company report.
Financials of Msjpl Jewellery Private Limited
FY 2024 filings availableMsjpl Jewellery Private Limited reported revenue of ₹813.76 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 10% growth in the latest year. EBITDA rose 37% 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 | ₹18.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.46 Cr | ||||
| Balance Sheet | |||||
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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 | 2.2% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Msjpl Jewellery Private Limited, buy the company report.
Board of directors of Msjpl Jewellery Private Limited
Msjpl Jewellery has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Manish Pethani Also directs: Catalina Developers LLP, Royal Minerva Realty LLP, RSB Developers Private Limited and 2 more | Director | 25 May 2023 | 3 Years 5 Months | Current |
| Rajesh Jayantilal Vora Also directs: NS House LLP, Areion Finserve Private Limited | Director | 16 Sep 2019 | 7 Years 1 Months | Current |
| Bonny Shailesh Vora | Director | 02 Jun 2022 | 4 Years 5 Months | Current |
Peer comparison
Msjpl Jewellery Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tara Jewels Limited | ₹845.17 Cr (FY 2018) | -46.0% | Mumbai, Maharashtra, India | |||
| SK Jewellers Private Limited | ₹844.38 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Evermine Diamond Private Limited | ₹826.38 Cr (FY 2025) | -81.0% | Mumbai, Maharashtra, India | |||
| J. B. and Brothers Private Limited | ₹814.26 Cr (FY 2025) | -70.0% | Mumbai, Maharashtra, India | |||
| Msjpl Jewellery Private Limitedthis company | ₹813.76 Cr (FY 2025) | ₹5.46 Cr | 0.7% | 10.0% | 22 | Mumbai, Maharashtra, India |
| Indigo Jewellery (India) Mfg. Private Limited | ₹807.2 Cr (FY 2022) | 65.0% | Surat, Gujarat, India | |||
| Ariha Diamond Jewellery Private Limited | ₹806.71 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Baanganga Gold & Diamond (I) Limited | ₹803.93 Cr (FY 2023) | Mumbai, Maharashtra, India |
To see the full peer comparison of Msjpl Jewellery Private Limited, buy the company report.
Auditor
Msjpl Jewellery Private Limited is audited by Champaklal Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Champaklal Shah & Co. | FY 2023 | 101642W |
Shareholding
The shareholding of Msjpl Jewellery Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Msjpl Jewellery Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2020 | 100375000 | Bank of India | ₹1.65 Cr | Open | |
| 22 Dec 2016 | 100070177 | State Bank of India | ₹137.85 Cr | Open | |
| 21 Apr 2016 | 100033938 | Yes Bank Limited | ₹15 Cr | Satisfied | |
| 04 Feb 2016 | 100020244 | Others | ₹30 Cr | Satisfied | |
| 13 Oct 2015 | 10601033 | State Bank of India | ₹36 Cr | Satisfied |
To see the full charge records of Msjpl Jewellery Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Msjpl Jewellery Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹22.49 Cr; the latest was in September 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Funding round | ₹22.49 Cr | Investors: Twinklediam Nv, an individual |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Devidoll Exports Private Limited Seller: Apex Diamond Export Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Msjpl Jewellery Private Limited has 4 court cases on record: 2 filed by Msjpl Jewellery, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax 10,Mumbai | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Principle Commissioner of Income Tax 10 Mumbai | Pending |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Msjpl Jewellery Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Msjpl Jewellery Private Limited was last rated by Crisil on 22 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Jun 2021 |
To see the full credit ratings and regulatory alerts of Msjpl Jewellery Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Msjpl Jewellery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Msjpl Jewellery Private Limited has a workforce of 22 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Msjpl Jewellery Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Msjpl Jewellery Private Limited has 11 board changes on record since 2003: 7 appointments and 4 cessations. The latest: Yash Manish Pethani was appointed as Director on 25 May 2023.
15 earlier events are in the company report.
Frequently asked questions
Msjpl Jewellery 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 11 August 1994 (32+ years old) and is registered under CIN U65920MH1994PTC080302.
Msjpl Jewellery has 3 current directors:
- Yash Manish Pethani - Director
- Rajesh Jayantilal Vora - Director
- Bonny Shailesh Vora - Director
The latest financial statements of Msjpl Jewellery on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Msjpl Jewellery is U65920MH1994PTC080302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Msjpl Jewellery has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending.
Msjpl Jewellery was incorporated on 11 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Msjpl Jewellery has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹22.49 Cr; the latest was in September 2019.
The peers of Msjpl Jewellery by revenue are Tara Jewels Limited, SK Jewellers Private Limited, Evermine Diamond Private Limited, J. B. and Brothers Private Limited, Indigo Jewellery (India) Mfg. Private Limited and 2 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Yash Manish Pethani was appointed as Director on 25 May 2023. Bonny Shailesh Vora was appointed as Director on 02 Jun 2022. Lalitbhai Chunilal Adani ceased to be Director on 18 Nov 2019. Msjpl Jewellery has 11 board changes on record in total.
Msjpl Jewellery can be reached through the website msjpl.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Msjpl Jewellery is at Plot No.18 Seepz SEZ Andheri E, Mumbai, Maharashtra, India – 400096.
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