MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0035914
Ray Fine Jewellery Private Limited
Ray Fine Jewellery Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.24 Cr
▲ 2% YoY
Net profit · FY 2025
₹23.86 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹68.66 Lakh
EBITDA margin 6.7%
Authorised capital
₹1.4 Cr
Registered with MCA
Paid-up capital
₹1.3 Cr
Issued & subscribed
Open charges
₹3.02 Cr
Satisfied ₹3.2 Cr
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings
About Ray Fine Jewellery Private Limited
Data last updated:
Ray Fine Jewellery 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 27 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27205MH2006PTC165271.
The company has an authorised share capital of ₹1.4 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as Ray Fine Jewellary Private Limited. It is led by directors including Darshika Harshad Ajoomal and Harshad Ramchand Ajoomal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.24 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹23.86 Lakh (net margin 2.3%) and EBITDA of ₹68.66 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over five years.
As per MCA filings, the company has open charges of ₹3.02 Cr and satisfied charges of ₹3.2 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
Ray Fine Jewellery Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0035914). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27205MH2006PTC165271
Registration Number 165271
Incorporation Date 27 October 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0035914
Key People
Darshika Harshad Ajoomal Director Harshad Ramchand Ajoomal Director Girish Ramchand Ajoomal Additional Director Recognitions & Rankings of Ray Fine Jewellery
Contact details
Ray Fine Jewellery Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address9 5th Floor Plot – 20 2 Navjivan Bldg. Laxmibai Jagmohandas Marg August Kranti Marg Nr.M, Ukesh Chow, Mumbai, Maharashtra, India – 400036
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ray Fine Jewellery Private Limited, buy the company report.
Comprehensive company report
Ray Fine Jewellery 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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Business activity
The main business activity of Ray Fine 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 Ray Fine Jewellery Private Limited, buy the company report.
Financials of Ray Fine Jewellery Private Limited
FY 2025 filings availableRay Fine Jewellery Private Limited reported revenue of ₹10.24 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹10.24 Cr ▲ 2%
Net profit · FY 2025
₹23.86 Lakh margin 2.3%
EBITDA · FY 2025
₹68.66 Lakh margin 6.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 382%
3 years · compounded
▲ 17%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 2% growth in the latest year. EBITDA rose 382% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹68.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.86 Lakh | ||||
| 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 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Ray Fine Jewellery Private Limited, buy the company report.
Board of directors of Ray Fine Jewellery Private Limited
Ray Fine Jewellery has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshika Harshad Ajoomal Also directs: H. Craft Fine Jewellery Private Limited, Fancy Corporation Limited | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Harshad Ramchand Ajoomal | Director | 27 Oct 2006 | 20 Years 0 Months | Current |
| Girish Ramchand Ajoomal Also directs: Roundrobin Tech Services Private Limited | Additional Director | 05 Sep 2014 | 12 Years 2 Months | Current |
Peer comparison
Ray Fine Jewellery 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 |
|---|---|---|---|---|---|---|
| Konet Jewels Private Limited | ₹10.27 Cr (FY 2024) | 5.0% | Mumbai, Maharashtra, India | |||
| Kavya Jewels Private Limited | ₹10.26 Cr (FY 2024) | -31.0% | Mumbai, Maharashtra, India | |||
| Ray Fine Jewellery Private Limitedthis company | ₹10.24 Cr (FY 2025) | ₹23.86 Lakh | 2.3% | 2.0% | Mumbai, Maharashtra, India | |
| Dharmik Diamonds India Private Limited | ₹10.23 Cr (FY 2025) | 126.0% | Thrissur, Kerala, India | |||
| Akash Gems Private Limited | ₹10.21 Cr (FY 2024) | 26.0% | Jaipur, Rajasthan, India | |||
| Diamtek Private Limited | ₹10.21 Cr (FY 2025) | 72.0% | Surat, Gujarat, India |
To see the full peer comparison of Ray Fine Jewellery Private Limited, buy the company report.
Auditor
Ray Fine Jewellery Private Limited is audited by VINAY H PANJABI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINAY H PANJABI & ASSOCIATES | FY 2020 | 111478W |
Shareholding
The shareholding of Ray Fine Jewellery Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ray Fine Jewellery Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.02 Cr
Satisfied charges
₹3.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2022 | 100595108 | Hdfc Bank Limited | ₹3.02 Cr | Open | |
| 24 Jun 2020 | 100370663 | Others | ₹50 Lakh | Satisfied | |
| 09 Sep 2009 | 10182615 | Others | ₹2.7 Cr | Satisfied |
To see the full charge records of Ray Fine Jewellery Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ray Fine Jewellery Private Limited has 2 court cases on record: 2 filed by Ray Fine Jewellery. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against an individual | Pending |
To see the full case history of Ray Fine 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ray Fine Jewellery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ray Fine Jewellery Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ray Fine Jewellery Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Ramchand Naraindas Ajoomal ceased to be Director on 13 Feb 2022.
AGM
Ray Fine Jewellery Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ray Fine Jewellery Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 09 Sep 2009 via Charge ID 10182615 with Others was fully satisfied on 17 Aug 2022.
Charges
A charge registered on 24 Jun 2020 via Charge ID 100370663 with Others was fully satisfied on 10 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.02 Cr with Charge ID 100595108 was registered on 12 Jul 2022.
Ceased
Ramchand Naraindas Ajoomal ceased to be Director.
Ceased
Darshika Harshad Ajoomal ceased to be Additional Director.
Appointed
Darshika Harshad Ajoomal was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100370663 was registered on 24 Jun 2020.
Charges
A charge with Others of Rs. 2.70 Cr registered on 09 Sep 2009 with Charge ID 10182615 was modified on 15 Sep 2018.
Appointed
Girish Ramchand Ajoomal was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 2.70 Cr with Charge ID 10182615 was registered on 09 Sep 2009.
2 earlier events are in the company report.
Frequently asked questions
Ray Fine 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 27 October 2006 (20+ years old) and is registered under CIN U27205MH2006PTC165271.
Ray Fine Jewellery has 3 current directors:
- Darshika Harshad Ajoomal - Director
- Harshad Ramchand Ajoomal - Director
- Girish Ramchand Ajoomal - Additional Director
The latest financial statements of Ray Fine Jewellery on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ray Fine Jewellery is U27205MH2006PTC165271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Fine Jewellery has 2 court cases on record: 2 filed by the company. 2 are pending.
Ray Fine Jewellery was incorporated on 27 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ray Fine Jewellery by revenue are Konet Jewels Private Limited, Kavya Jewels Private Limited, Dharmik Diamonds India Private Limited, Akash Gems Private Limited, Diamtek 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).
Ramchand Naraindas Ajoomal ceased to be Director on 13 Feb 2022. Darshika Harshad Ajoomal ceased to be Additional Director on 31 Dec 2021. Darshika Harshad Ajoomal was appointed as Director on 15 Jun 2021. Ray Fine Jewellery has 5 board changes on record in total.
Yes, Ray Fine Jewellery is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0035914).
The registered office of Ray Fine Jewellery is at 9 5th Floor Plot – 20 2 Navjivan Bldg. Laxmibai Jagmohandas Marg August Kranti Marg Nr.M, Ukesh Chow, Mumbai, Maharashtra, India – 400036.
Ray Fine Jewellery operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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