Rays Gems Private Limited
About Rays Gems Private Limited
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Rays Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 18 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2011PTC213684. Its GSTIN is 27AAFCR1725D1ZO (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹34.63 Lakh. It is led by directors Kiran Vrajlal Gajera and Nareshkumar Laljibhai Ramani.
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 Ew – 6010 Bharat Diamond Bourse G Block BKC Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.85 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹1.9 Lakh (net margin 1%) and EBITDA of ₹3.44 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressEw – 6010 Bharat Diamond Bourse G Block BKC Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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 of Rays Gems Private Limited
The main business activity of Rays Gems is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rays Gems Private Limited FY 2025 filings available
Rays Gems Private Limited reported revenue of ₹1.85 Cr (up 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rays Gems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 62% growth in the latest year. EBITDA rose 129% 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 of Rays Gems Private Limited
| 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 | ₹3.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.9 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 of Rays Gems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rays Gems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Rays Gems Private Limited
Rays Gems has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Vrajlal Gajera | Director | 29 Sep 2015 | 11 Years 0 Months | Current |
| Nareshkumar Laljibhai Ramani | Director | 20 May 2014 | 12 Years 5 Months | Current |
Peer Comparison of Rays Gems Private Limited
Rays Gems Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goldmine (Exports) Private Limited | ₹1.88 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Vadodara, Gujarat, India |
| Afj Retail Private Limited | ₹1.87 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bangalore, Karnataka, India |
| United Gem Creations Private Limited | ₹1.87 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Jaipur, Rajasthan, India |
| Mxtra Fortune Limited | ₹1.86 Cr (FY 2023) | •••• | •••• | 15730.0% | •••• | Bangalore, Karnataka, India |
| Punjabi Accessoriezz Private Limited | ₹1.85 Cr (FY 2017) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Rays Gems Private Limited this company | ₹1.85 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Mumbai, Maharashtra, India |
| Arun Gulab Chand Sarraf Private Limited | ₹1.84 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Basti, Uttar Pradesh, India |
| JHP Jewellers Private Limited | ₹1.84 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Barakar, West Bengal, India |
| 2Rm Chains Private Limited | ₹1.84 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Agra, Uttar Pradesh, India |
| Gujarat Diamond Industrial Park Private Limited | ₹1.84 Cr (FY 2021) | •••• | •••• | -8.0% | •••• | Surat, Gujarat, India |
| Silvista India Private Limited | ₹1.84 Cr (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Rays Gems by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rays Gems Private Limited
Rays Gems Private Limited is audited by Ribadiya & Vekariya for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ribadiya & Vekariya | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rays Gems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rays Gems Private Limited
Rays Gems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rays Gems Private Limited
Employment history and EPFO contributions of people linked to Rays Gems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rays Gems Private Limited
Rays Gems Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Pallavi Kiran Vaghashiya ceased to be Director on 18 Apr 2024.
Credit Ratings, Litigation & Regulatory Alerts for Rays Gems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rays Gems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rays Gems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rays Gems Private Limited
Rays Gems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR1725D1ZO | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rays Gems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rays Gems Private Limited
Rays Gems 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 18 February 2011 (15+ years old) and is registered under CIN U36912MH2011PTC213684.
Rays Gems reported revenue of ₹1.85 Cr for FY 2025 (up 62% YoY).
Rays Gems has 2 current directors:
- Kiran Vrajlal Gajera - Director
- Nareshkumar Laljibhai Ramani - Director
Rays Gems reported a net profit of ₹1.9 Lakh (net margin 1%) and EBITDA of ₹3.44 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rays Gems is -14% over three years and 6% over five years. In the latest year (FY 2025) revenue rose 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rays Gems is 27AAFCR1725D1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rays Gems is U36912MH2011PTC213684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rays Gems was incorporated on 18 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rays Gems by revenue are Goldmine (Exports) Private Limited, Afj Retail Private Limited, United Gem Creations Private Limited, Mxtra Fortune Limited, Punjabi Accessoriezz Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Pallavi Kiran Vaghashiya ceased to be Director on 18 Apr 2024. Bipin Pravinbhai Thesiya ceased to be Director on 27 Jul 2017. Kiran Vrajlal Gajera ceased to be Additional Director on 23 Sep 2016. Rays Gems has 7 board changes on record in total.
The registered office of Rays Gems is at Ew – 6010 Bharat Diamond Bourse G Block BKC Bandra East, Mumbai, Maharashtra, India – 400051.