About Rosy Blue Diamonds Private Limited
Data last updated:
Rosy Blue Diamonds Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Rosy Blue (India) Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 19 August 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2008PTC185952. Its GSTIN is 27AABCL5114E1ZX (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹3.15 Cr and a paid-up capital of ₹2.02 Cr. It was formerly known as Everest Gems (India) Private Limited and Leo Schachter Diamonds India Private Limited. It was led by directors including Parag Pankaj Parikh and Manali Jayant Parekh.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Fe 3011 B Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2022, the company reported a revenue of ₹452.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.82 Cr (net margin 1.7%) and EBITDA of ₹12.57 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years.
The company had about 14 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Leo Schachter. As per MCA filings, the company had satisfied charges of ₹340 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹58.36 Cr; the latest was in December 2020. Its 4 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, 1 larger and 3 smaller; the largest is Prism Enterprises Private Limited with revenue of ₹461.31 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 8 micro and small suppliers.
The last known website on record is leoschachter.com.
Company details
Name history
Rosy Blue Diamonds has undergone 2 name changes throughout its history. The company was previously known as Everest Gems (India) Private Limited, and Leo Schachter Diamonds India Private Limited. The current legal name is Rosy Blue Diamonds Private Limited.
| Company Name | Status |
|---|---|
| Rosy Blue Diamonds Private Limited | Current |
| Everest Gems (India) Private Limited | Previous |
| Leo Schachter Diamonds India Private Limited | Previous |
Contact details
Rosy Blue Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is leoschachter.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFe 3011 B Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Rosy Blue Diamonds 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
Rosy Blue Diamonds operates one associated brand: Leo Schachter. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manages a retail chain specializing in diamond jewellery for customers. | leoschachter.com |
Business activity
The main business activity of Rosy Blue Diamonds 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 Rosy Blue Diamonds Private Limited, buy the company report.
Financials of Rosy Blue Diamonds Private Limited
FY 2023 filings availableRosy Blue Diamonds Private Limited reported revenue of ₹452.41 Cr (up 543% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 56% over three years, including 543% growth in the latest year. EBITDA rose 531% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹452.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.82 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 Rosy Blue Diamonds Private Limited, buy the company report.
Board of directors of Rosy Blue Diamonds Private Limited
Rosy Blue Diamonds has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Pankaj Parikh Also directs: H P Diamonds India Private Limited | Director | 16 Dec 2020 | 5 Years 10 Months | As last reported |
| Manali Jayant Parekh Also directs: Purab Entertainment LLP, Lumos Enterprise LLP, Rosy Blue (India) Private Limited and 2 more | Director | 16 Dec 2020 | 5 Years 10 Months | As last reported |
| Harshis Mananjay Jhaveri Also directs: U. H. Zaveri Limited | Director | 16 Dec 2020 | 5 Years 10 Months | As last reported |
Peer comparison
Rosy Blue Diamonds Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Prism Enterprises Private Limited | ₹461.31 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India | |||
| Rosy Blue Diamonds Private Limitedthis company | ₹452.41 Cr (FY 2022) | ₹7.82 Cr | 1.7% | 543.0% | 14 | Mumbai, Maharashtra, India |
| Golden Carat Private Limited | ₹451.69 Cr (FY 2025) | 32.0% | Surat, Gujarat, India | |||
| Achal Jewels Private Limited | ₹446.8 Cr (FY 2025) | 12.0% | Jaipur, Rajasthan, India | |||
| Onkar Jewellers Private Limited | ₹444.54 Cr (FY 2025) | 82.0% | Delhi, India |
To see the full peer comparison of Rosy Blue Diamonds Private Limited, buy the company report.
Auditor
Rosy Blue Diamonds Private Limited is audited by M M Nissim & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M Nissim & Co LLP | FY 2022 | 107122W/W100672 |
Shareholding
The shareholding of Rosy Blue Diamonds 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 Rosy Blue Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2021 | 100454395 | Yes Bank Limited | ₹75 Cr | Satisfied | |
| 16 Mar 2017 | 100134164 | Others | ₹150 Cr | Satisfied | |
| 18 Nov 2011 | 10324360 | Standard Chartered Bank | ₹115 Cr | Satisfied |
To see the full charge records of Rosy Blue Diamonds Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Rosy Blue Diamonds Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹58.36 Cr; the latest was in December 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Rosy Blue India Pvt. Ltd. & Russell A. Mehta, Rosy Blue (India) Private Limited Seller: LMR Limited, Indira Investments Private Limited |
| Mar 2015 | Funding round | ₹11.1 Cr | Investors: Indira Investments Private Limited |
| May 2014 | Funding round | ₹12.04 Cr | Investors: Indira Investments Private Limited |
| Apr 2011 | Funding round | ₹13.51 Cr | Investors: Indira Investments Private Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Indira Investments Private Limited Seller: 2 individuals |
To see the full deal history of Rosy Blue Diamonds Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rosy Blue Diamonds Private Limited has 5 court cases on record: 2 filed by Rosy Blue Diamonds, 3 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-14 | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Assistant Commissioner of Income Tax Circle 14(1)(1) Mumbai | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of Income Tax, Circle 14( and 3 others | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of Rosy Blue Diamonds 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
Rosy Blue Diamonds Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M M Nissim & Co LLP | |||
| D. G. Exports | |||
| A J Mehta & Co LLP | |||
| Laxmi Diamond Private Limited | |||
| Oopal Diamond |
To see the full MSME payment records of Rosy Blue Diamonds Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rosy Blue Diamonds Private Limited has a workforce of 14 employees on its EPFO records as of Nov 2020.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 14 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Rosy Blue Diamonds Private Limited, buy the company report.
GST
Rosy Blue Diamonds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL5114E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rosy Blue Diamonds Private Limited, buy the company report.
Recent activity
Rosy Blue Diamonds Private Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Harshis Mananjay Jhaveri ceased to be Additional Director on 24 Nov 2021.
15 earlier events are in the company report.
Frequently asked questions
Rosy Blue Diamonds has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Rosy Blue Diamonds was a private limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 19 August 2008 and is registered under CIN U36911MH2008PTC185952. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Rosy Blue Diamonds was incorporated on 19 August 2008. It is registered with the Registrar of Companies, Mumbai.
Rosy Blue Diamonds had 3 directors:
- Parag Pankaj Parikh - Director
- Manali Jayant Parekh - Director
- Harshis Mananjay Jhaveri - Director
The CIN (Corporate Identification Number) of Rosy Blue Diamonds is U36911MH2008PTC185952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Rosy Blue Diamonds is at Fe 3011 B Bharat Diamond Bourse Bandra Kurla Complex Bandra – East, Mumbai, Maharashtra, India – 400051.
Rosy Blue Diamonds can be reached through the website leoschachter.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Rosy Blue Diamonds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Rosy Blue Diamonds is 27AABCL5114E1ZX, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Rosy Blue Diamonds operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
Rosy Blue Diamonds has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹58.36 Cr; the latest was in December 2020.
The peers of Rosy Blue Diamonds by revenue are Prism Enterprises Private Limited, Golden Carat Private Limited, Achal Jewels Private Limited, Onkar Jewellers 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).
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