MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0007514
Nuance Jewel Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹391.36 Cr
▲ 12% YoY
Net profit · FY 2025
₹9.23 Cr
Net margin 2.4%
EBITDA · FY 2025
₹18.07 Cr
EBITDA margin 4.6%
Authorised capital
₹2.51 Cr
Registered with MCA
Paid-up capital
₹2.51 Cr
Issued & subscribed
Open charges
₹31.85 Cr
Satisfied ₹53.86 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
169
Provident fund records
About Nuance Jewel Private Limited
Data last updated:
Nuance Jewel 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 11 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14220MH2014PTC257073. Its GSTIN is 27AAECN7136R1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.51 Cr and a paid-up capital of ₹2.51 Cr. It is led by directors including Jinali Saumil Choksi and Saumil Ajaykumar Choksi.
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 Gj – 06 Sdf VII Seepz – SEZ Andheri East, Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹391.36 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹9.23 Cr (net margin 2.4%) and EBITDA of ₹18.07 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over five years.
The company has about 169 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nuance Jewel. As per MCA filings, the company has open charges of ₹31.85 Cr and satisfied charges of ₹53.86 Cr on record.
Nuance Jewel Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0007514). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nuancejewel.com.
Company details
CIN U14220MH2014PTC257073
Registration Number 257073
Incorporation Date 11 August 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0007514
Key People
Jinali Saumil Choksi Director Saumil Ajaykumar Choksi Director Mitesh Chunilal Gajera Director Recognitions & Rankings of Nuance Jewel
Contact details
Nuance Jewel Private Limited's registered office is in Mumbai, Maharashtra. Its website is nuancejewel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGj – 06 Sdf VII Seepz – SEZ Andheri East, Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Nuance Jewel Private Limited, buy the company report.
Comprehensive company report
Nuance Jewel 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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Brands
Nuance Jewel operates one associated brand: Nuance Jewel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Jewellery manufacturing and export services focused on studded designs. | nuancejewel.com |
Business activity
The main business activity of Nuance Jewel 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 Nuance Jewel Private Limited, buy the company report.
Financials of Nuance Jewel Private Limited
FY 2024 filings availableNuance Jewel Private Limited reported revenue of ₹391.36 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹391.36 Cr ▲ 12%
Net profit · FY 2025
₹9.23 Cr margin 2.4%
EBITDA · FY 2025
₹18.07 Cr margin 4.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 47%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 12% growth in the latest year. EBITDA rose 47% 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 | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.23 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Nuance Jewel Private Limited, buy the company report.
Board of directors of Nuance Jewel Private Limited
Nuance Jewel has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jinali Saumil Choksi Also directs: Elizia Jewels LLP | Director | 10 May 2021 | 5 Years 5 Months | Current |
| Saumil Ajaykumar Choksi Also directs: Aneri Fine Jewellery Private Limited, Ambition Jewels Private Limited, Ambition Retail Private Limited and 1 more | Director | 11 Aug 2014 | 12 Years 2 Months | Current |
| Mitesh Chunilal Gajera Also directs: Elizia Jewels LLP, Aneri Fine Jewellery Private Limited, Greenwave Diamond Private Limited and 5 more | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Nuance Jewel Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Tikka Jewellers Private Limited | ₹396.62 Cr (FY 2025) | 1116.0% | Rajkot, Gujarat, India | |||
| Epping Royalty Private Limited | ₹394.64 Cr (FY 2025) | -3.0% | Ludhiana, Punjab, India | |||
| Alagar Jewellers Private Limited | ₹394.39 Cr (FY 2025) | -2.0% | Tuticorin, Tamil Nadu, India | |||
| Diatrends Jewellery Private Limited | ₹391.79 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Nuance Jewel Private Limitedthis company | ₹391.36 Cr (FY 2025) | ₹9.23 Cr | 2.4% | 12.0% | 169 | Mumbai, Maharashtra, India |
| Akshar Impex Private Limited | ₹388 Cr (FY 2025) | 19.0% | Bandra East Mumbai, Maharashtra, India | |||
| Arjun Jewellers Limited | ₹383.39 Cr (FY 2025) | 37.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Nuance Jewel Private Limited, buy the company report.
Auditor
Nuance Jewel Private Limited is audited by AKSHA SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKSHA SHAH & ASSOCIATES | FY 2023 | 135973W |
Shareholding
The shareholding of Nuance Jewel 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 Nuance Jewel Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.85 Cr
Satisfied charges
₹53.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jul 2024 | 100964897 | Sbicap Trustee Company Limited | ₹31.5 Cr | Open | |
| 30 Jun 2022 | 100712547 | Hdfc Bank Limited | ₹35.25 Lakh | Open | |
| 02 Jun 2022 | 100585923 | Others | ₹20 Cr | Satisfied | |
| 12 Aug 2021 | 100470444 | Others | ₹2 Cr | Satisfied | |
| 15 Oct 2020 | 100384294 | Others | ₹29.5 Cr | Satisfied |
To see the full charge records of Nuance Jewel Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Nuance Jewel 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
Nuance Jewel Private Limited has 2 MSME Form 1 returns on record for the period ending Jan 2019, listing 238 overdue payments to 61 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 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ssa Gems Limited Liability Partnership | |||
| an individual supplier | |||
| DHL Express (India) Private Limited | |||
| Munic Jewellery Labour |
To see the full MSME payment records of Nuance Jewel Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nuance Jewel has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Grandeur Jewels Private Limited | U36994MH2019PTC326334 |
To see the full group structure of Nuance Jewel Private Limited, buy the company report.
Employees & EPFO
Nuance Jewel Private Limited has a workforce of 169 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
169
Active EPFO establishments
1
Employee growth
48.25%
GST
Nuance Jewel has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN7136R1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AAECN7136R2ZQ | Maharashtra | Active | 29 Nov 2018 |
To see the full GST registrations and return filing status of Nuance Jewel Private Limited, buy the company report.
Recent activity
Nuance Jewel Private Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Mitesh Chunilal Gajera was appointed as Director on 10 Oct 2024.
Charges
A charge registered on 02 Jun 2022 via Charge ID 100585923 with Others was fully satisfied on 03 Jan 2025.
Charges
A charge registered on 12 Aug 2021 via Charge ID 100470444 with Others was fully satisfied on 03 Jan 2025.
Charges
A charge registered on 15 Oct 2020 via Charge ID 100384294 with Others was fully satisfied on 03 Jan 2025.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 31.50 Cr registered on 02 Jul 2024 with Charge ID 100964897 was modified on 14 Nov 2024.
Appointed
Mitesh Chunilal Gajera was appointed as Director.
AGM
Nuance Jewel Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 31.50 Cr with Charge ID 100964897 was registered on 02 Jul 2024.
Filing
Nuance Jewel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100712547 was registered on 30 Jun 2022.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100585923 was registered on 02 Jun 2022.
Ceased
Jinali Saumil Choksi ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100470444 was registered on 12 Aug 2021.
14 earlier events are in the company report.
Frequently asked questions
Nuance Jewel 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 2014 (12+ years old) and is registered under CIN U14220MH2014PTC257073.
Nuance Jewel has 3 current directors:
- Jinali Saumil Choksi - Director
- Saumil Ajaykumar Choksi - Director
- Mitesh Chunilal Gajera - Director
The latest financial statements of Nuance Jewel 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 GSTIN of Nuance Jewel is 27AAECN7136R1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECN7136R2ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Nuance Jewel is U14220MH2014PTC257073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nuance Jewel was incorporated on 11 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nuance Jewel by revenue are Tikka Jewellers Private Limited, Epping Royalty Private Limited, Alagar Jewellers Private Limited, Diatrends Jewellery Private Limited, Akshar Impex Private Limited and 1 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).
Mitesh Chunilal Gajera was appointed as Director on 10 Oct 2024. Jinali Saumil Choksi ceased to be Additional Director on 30 Nov 2021. Mayur Harilal Choksi ceased to be Director on 02 Aug 2021. Nuance Jewel has 10 board changes on record in total.
Yes, Nuance Jewel is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0007514).
Nuance Jewel has 2 MSME Form 1 returns on record for the period ending Jan 2019, listing 238 overdue payments to 61 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Nuance Jewel can be reached through the website nuancejewel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nuance Jewel is at Gj – 06 Sdf VII Seepz – SEZ Andheri East, Mumbai, Maharashtra, India – 400096.
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