About Nakodiam Diamonds Private Limited
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Nakodiam Diamonds Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Naksh Diam Dmcc. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 08 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH2001PTC131899. Its GSTIN is 27AABCC5715G1ZV (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹13.04 Lakh. It was formerly known as Choron Diamonds (India) Private Limited. It is led by directors Suresh Ramchandra Karanjkar and Vikrambhai Ladubhai Khant.
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹35.03 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹77.31 Lakh (net margin -2.2%) and EBITDA of -₹9.81 Cr (EBITDA margin -28%). Revenue has grown at a compounded annual rate (CAGR) of 92% over three years and 107% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹20 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website choron.ru.
Company details
Contact details
Nakodiam Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is choron.ru. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCw 4010 Bharat Diamond Bourse G, Block BKC Opp Nabard Head Office, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Nakodiam Diamonds 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
Financials of Nakodiam Diamonds Private Limited
FY 2024 filings availableNakodiam Diamonds Private Limited reported revenue of ₹35.03 Cr (down 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 107%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹35.03 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹77.31 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28% | ||||
| Net Profit Margin | -2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Nakodiam Diamonds Private Limited, buy the company report.
Board of directors of Nakodiam Diamonds Private Limited
Nakodiam Diamonds has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Ramchandra Karanjkar | Director | 08 Dec 2023 | 2 Years 10 Months | Current |
| Vikrambhai Ladubhai Khant | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Nakodiam Diamonds Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Johri Gems and Jewellers Private Limited | ₹42.73 Cr (FY 2024) | 1.0% | Kota, Rajasthan, India | |||
| Durga Dass Banarsi Dass Jewellers Private Limited | ₹42.57 Cr (FY 2018) | 124.0% | Punjab, India | |||
| Ims Interiors Private Limited | ₹42.47 Cr (FY 2016) | 235.0% | Thane, Maharashtra, India | |||
| Sharda Gems and Jewels Private Limited | ₹42.01 Cr (FY 2015) | New Delhi, Delhi, India | ||||
| Nakodiam Diamonds Private Limitedthis company | ₹35.03 Cr (FY 2023) | -₹77.31 Lakh | -2.2% | -17.0% | 5 | Mumbai, Maharashtra, India |
To see the full peer comparison of Nakodiam Diamonds Private Limited, buy the company report.
Auditor
Nakodiam Diamonds Private Limited is audited by Sparks & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sparks & Co | FY 2023 | 101458W |
Shareholding
The shareholding of Nakodiam Diamonds 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nakodiam Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2008 | 10113801 | The Royal Bank of Scotland N. V. | ₹20 Cr | Satisfied |
To see the full charge records of Nakodiam Diamonds Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Nakodiam Diamonds Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 3 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Disposed |
To see the full case history of Nakodiam Diamonds 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nakodiam Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nakodiam Diamonds Private Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Nakodiam Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC5715G1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nakodiam Diamonds Private Limited, buy the company report.
Recent activity
Nakodiam Diamonds Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Vikrambhai Ladubhai Khant ceased to be Additional Director on 29 Jun 2025.
2 earlier events are in the company report.
Frequently asked questions
Nakodiam Diamonds 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 08 May 2001 (25+ years old) and is registered under CIN U51398MH2001PTC131899.
Nakodiam Diamonds has 2 current directors:
- Suresh Ramchandra Karanjkar - Director
- Vikrambhai Ladubhai Khant - Director
The latest financial statements of Nakodiam Diamonds on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nakodiam Diamonds is 27AABCC5715G1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nakodiam Diamonds is U51398MH2001PTC131899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nakodiam Diamonds has 4 court cases on record: 4 filed against it. 3 are pending.
Nakodiam Diamonds was incorporated on 08 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nakodiam Diamonds by revenue are Johri Gems and Jewellers Private Limited, Durga Dass Banarsi Dass Jewellers Private Limited, Ims Interiors Private Limited, Sharda Gems and Jewels Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Vikrambhai Ladubhai Khant ceased to be Additional Director on 29 Jun 2025. Vikrambhai Ladubhai Khant was appointed as Director on 10 Sep 2024. Suresh Ramchandra Karanjkar ceased to be Additional Director on 29 Jun 2024. Nakodiam Diamonds has 9 board changes on record in total.
Nakodiam Diamonds can be reached through the website choron.ru. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nakodiam Diamonds is at Cw 4010 Bharat Diamond Bourse G, Block BKC Opp Nabard Head Office, Mumbai, Maharashtra, India – 400051.
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