About Ramila Diam Private Limited
Data last updated:
Ramila Diam Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 31 May 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2010PTC203571. Its GSTIN is 27AAECR8201P1ZZ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Shailesh Bhalchandra Desai (Irp/Rp/Liquidator) and Kirti Sheth Sumanlal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.97 Cr (net margin -7.4%) and EBITDA of -₹3.8 Cr (EBITDA margin -4.7%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹11.2 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 4 cases are pending.
The last known website on record is rdiam.com.
Company details
Contact details
Ramila Diam Private Limited's registered office is in Mumbai, Maharashtra. Its website is rdiam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4 Floor – 1 Plot – 80 3 Dariya Mahal Laxmibai Jagmohandas Marg Nepean Sea Road Malab, Ar Hill, Mumbai, Maharashtra, India – 400006
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Ramila Diam 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 Ramila Diam is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ramila Diam Private Limited, buy the company report.
Financials of Ramila Diam Private Limited
FY 2024 filings availableRamila Diam Private Limited reported revenue of ₹80.69 Cr (up 342% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 342% growth 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.8 Cr | ||||
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| Net Profit (PAT) | -₹5.97 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -4.7% | ||||
| Net Profit Margin | -7.4% | ||||
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To see the full financial statements and ratios of Ramila Diam Private Limited, buy the company report.
Board of directors of Ramila Diam Private Limited
Ramila Diam has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Bhalchandra Desai | Irp/Rp/Liquidator | 05 Aug 2024 | 2 Years 2 Months | As last reported |
| Kirti Sheth Sumanlal | Director | 01 Sep 2010 | 16 Years 1 Months | As last reported |
| Shreyans Kirti Sheth Also directs: Vedartha Lifestyle Limited | Director | 31 May 2010 | 16 Years 4 Months | As last reported |
Auditor
Ramila Diam Private Limited is audited by DIMPLE N. PUNMIYA CHARTERED ACCOUNTANT for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIMPLE N. PUNMIYA CHARTERED ACCOUNTANT | FY 2022 | 123082 |
Shareholding
The shareholding of Ramila Diam 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 Ramila Diam Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2010 | 10261369 | Others | ₹11.2 Cr | Open |
To see the full charge records of Ramila Diam Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ramila Diam Private Limited has 6 court cases on record: 6 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 4 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by State Bank of India | Pending |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Pending |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax - 5, Mumbai | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by State Bank of India | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by State Bank of India Th. Hiran Chavah | Disposed |
To see the full case history of Ramila Diam 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
Ramila Diam Private Limited was last rated by Crisil on 24 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Jul 2020 |
To see the full credit ratings and regulatory alerts of Ramila Diam Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ramila Diam Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ramila Diam has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECR8201P1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ramila Diam Private Limited, buy the company report.
Recent activity
Ramila Diam Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 05 Aug 2024.
Frequently asked questions
Ramila Diam is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ramila Diam is a company under insolvency, formerly operating as a 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 31 May 2010 and is registered under CIN U36911MH2010PTC203571. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ramila Diam has 3 current directors:
- Kirti Sheth Sumanlal - Director
- Shreyans Kirti Sheth - Director
- Shailesh Bhalchandra Desai - Irp/Rp/Liquidator
The latest financial statements of Ramila Diam 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 Ramila Diam is U36911MH2010PTC203571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramila Diam has open charges of ₹11.2 Cr and no satisfied charges on record as per latest MCA filings.
Ramila Diam has 6 court cases on record: 6 filed against it. 4 are pending. Most are in the high courts.
Ramila Diam was incorporated on 31 May 2010. It is registered with the Registrar of Companies, Mumbai.
Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 05 Aug 2024. Ramila Kirti Sheth ceased to be Director on 01 Nov 2016. Kirti Sheth Sumanlal ceased to be Additional Director on 11 Jul 2011. Ramila Diam has 5 board changes on record in total.
Ramila Diam can be reached through the website rdiam.com. Its registered office is in Mumbai, Maharashtra, India.