About Parishi Diamond Private Limited
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Parishi Diamond 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 25 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2021PTC361036. Its GSTIN is 27AAMCP0226A1ZV (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors including Nikhil Champaklal Shah and Samirkumar Kanubhai Shah.
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 Cc 2091 To Cc 2093 2nd Floor C Tower Bharat Diamond Bourse BKC Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹554.59 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹5.42 Cr (net margin 1%) and EBITDA of ₹12.23 Cr (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Parishi Diamond. As per MCA filings, the company has open charges of ₹160.82 Cr and satisfied charges of ₹18 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25 Cr; the latest was in November 2021. Its 5 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, 2 larger and 3 smaller; the largest is Walking Tree (India) Private Limited with revenue of ₹565.11 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parishidiamond.com.
Company details
Contact details
Parishi Diamond Private Limited's registered office is in Mumbai, Maharashtra. Its website is parishidiamond.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressCc 2091 To Cc 2093 2nd Floor C Tower Bharat Diamond Bourse BKC Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Parishi Diamond 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
Brands
Parishi Diamond operates one associated brand: Parishi Diamond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diamond manufacturing, importing, and exporting services in India and international markets. | parishidiamond.com |
Business activity
The main business activity of Parishi Diamond 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 Parishi Diamond Private Limited, buy the company report.
Financials of Parishi Diamond Private Limited
FY 2024 filings availableParishi Diamond Private Limited reported revenue of ₹554.59 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 52% 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 |
|---|---|---|---|---|
| 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 | ₹12.23 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.42 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.2% | |||
| Net Profit Margin | 1% | |||
| 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 Parishi Diamond Private Limited, buy the company report.
Board of directors of Parishi Diamond Private Limited
Parishi Diamond has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Champaklal Shah | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Samirkumar Kanubhai Shah | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Adarsh Kanubhai Shah Also directs: Parishi Green Energy Private Limited, Aryagram Virasat Foundation | Director | 25 May 2021 | 5 Years 5 Months | Current |
Peer comparison
Parishi Diamond Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Walking Tree (India) Private Limited | ₹565.11 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Anja Jewels Private Limited | ₹560.15 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Parishi Diamond Private Limitedthis company | ₹554.59 Cr (FY 2025) | ₹5.42 Cr | 1% | 4.0% | 14 | Mumbai, Maharashtra, India |
| Indojewel Jewellery Private Limited | ₹539.6 Cr (FY 2025) | 121.0% | Mumbai, Maharashtra, India | |||
| Rathod Jewellery Manufacturing Private Limited | ₹538.34 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India | |||
| VK Jewels Private Limited | ₹535.05 Cr (FY 2025) | 25.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Parishi Diamond Private Limited, buy the company report.
Auditor
Parishi Diamond Private Limited is audited by NDJ & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NDJ & Co. | FY 2024 | 136345W |
Shareholding
The shareholding of Parishi Diamond Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Parishi Diamond Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2023 | 100677775 | Hdfc Bank Limited | ₹33 Cr | Open | |
| 22 Nov 2021 | 100515919 | Others | ₹127.82 Cr | Open | |
| 22 Sep 2021 | 100492711 | Yes Bank Limited | ₹18 Cr | Satisfied |
To see the full charge records of Parishi Diamond Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Parishi Diamond Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25 Cr; the latest was in November 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round | ₹25 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parishi Diamond Private Limited has 2 court cases on record: 1 filed by Parishi Diamond, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Parishi Diamond 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
Parishi Diamond Private Limited was last rated by Care on 01 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Sep 2022 |
To see the full credit ratings and regulatory alerts of Parishi Diamond Private Limited, buy the company report.
MSME payment delays
Parishi Diamond Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shubham Diamond | |||
| RSM Astute Consultech Private Limited |
To see the full MSME payment records of Parishi Diamond Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Parishi Diamond Private Limited has a workforce of 14 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 14 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Parishi Diamond Private Limited, buy the company report.
GST
Parishi Diamond has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCP0226A1ZV | Maharashtra | Active | 25 May 2021 |
| 24AAMCP0226A1Z1 | Gujarat | Active | 25 May 2021 |
To see the full GST registrations and return filing status of Parishi Diamond Private Limited, buy the company report.
Recent activity
Parishi Diamond Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Aatam Adarsh Shah ceased to be Director on 24 Mar 2025.
1 earlier event is in the company report.
Frequently asked questions
Parishi Diamond 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 25 May 2021 (5+ years old) and is registered under CIN U36999MH2021PTC361036.
Parishi Diamond has 3 current directors:
- Nikhil Champaklal Shah - Director
- Samirkumar Kanubhai Shah - Director
- Adarsh Kanubhai Shah - Director
The latest financial statements of Parishi Diamond 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 FY 2022 are in the company report.
The GSTIN of Parishi Diamond is 27AAMCP0226A1ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAMCP0226A1Z1 (Gujarat).
The CIN (Corporate Identification Number) of Parishi Diamond is U36999MH2021PTC361036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parishi Diamond has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Parishi Diamond was incorporated on 25 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Parishi Diamond has 1 deal on record (1 funding round), with disclosed funding of ₹25 Cr; the latest was in November 2021.
The peers of Parishi Diamond by revenue are Walking Tree (India) Private Limited, Anja Jewels Private Limited, Indojewel Jewellery Private Limited, Rathod Jewellery Manufacturing Private Limited, VK Jewels Private Limited, 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).
Aatam Adarsh Shah ceased to be Director on 24 Mar 2025. Adarsh Kanubhai Shah was appointed as Director on 25 May 2021. Nikhil Champaklal Shah was appointed as Director on 25 May 2021. Parishi Diamond has 4 board changes on record in total.
Parishi Diamond has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Oct 2021.
Parishi Diamond can be reached through the website parishidiamond.com. Its registered office is in Mumbai, Maharashtra, India.
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