Saffron Gems Private Limited
About Saffron Gems Private Limited
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Saffron Gems Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 10 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36911GJ2009PTC057753. Its GSTIN is 24AANCS2828J1Z2 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.5 Lakh. It is led by directors including Arpit Kumar and Mohit Nahar.
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 103 Vedant Complex Bhojabhai Ni Sheri Mahidharpura, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.07 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹9.7 Lakh (net margin -23.6%) and EBITDA of -₹9.69 Lakh (EBITDA margin -23.6%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 69% over five years.
Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Saffron Gems Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address103 Vedant Complex Bhojabhai Ni Sheri Mahidharpura, Surat, Gujarat, India – 395003
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Saffron Gems 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
Financials of Saffron Gems Private Limited
FY 2025 filings availableSaffron Gems Private Limited reported revenue of ₹41.07 Lakh (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over five years, including a 51% fall in the latest year. EBITDA fell 104% 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 |
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| EBITDA | -₹9.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.7 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.6% | ||||
| Net Profit Margin | -23.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Saffron Gems Private Limited, buy the company report.
Board of directors of Saffron Gems Private Limited
Saffron Gems has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpit Kumar | Director | 03 Oct 2012 | 14 Years 1 Months | Current |
| Mohit Nahar | Director | 07 Feb 2019 | 7 Years 8 Months | Current |
| Prashant Ganesh Parave | Director | 16 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Saffron Gems Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anuveda Gold Private Limited | ₹41.74 Lakh (FY 2019) | -96.0% | Nashik, Maharashtra, India | |||
| Genomics Healthcare Private Limited | ₹41.41 Lakh (FY 2020) | 30.0% | Howrah, West Bengal, India | |||
| Sushila Tradecomm Private Limited | ₹41.36 Lakh (FY 2021) | -58.0% | Ambikapur, Chhattisgarh, India | |||
| Saffron Gems Private Limitedthis company | ₹41.07 Lakh (FY 2025) | -₹9.7 Lakh | -23.6% | -51.0% | Surat, Gujarat, India | |
| TCJ Impex Private Limited | ₹40.76 Lakh (FY 2025) | 156681.0% | Kolkata, West Bengal, India | |||
| Mohini International Private Limited | ₹40.66 Lakh (FY 2024) | 2472.0% | New Delhi, Delhi, India | |||
| Devdiam Private Limited | ₹40.62 Lakh (FY 2024) | -73.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Saffron Gems Private Limited, buy the company report.
Auditor
Saffron Gems Private Limited is audited by MANOJ SANDHYA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ SANDHYA & CO | FY 2021 | 128529W |
Shareholding
The shareholding of Saffron Gems Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saffron Gems Private Limited, buy the company report.
Legal cases
Saffron Gems Private Limited has 12 court cases on record: 7 filed by Saffron Gems, 5 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 4 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax, (Central) Surat | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax Central Surat | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Asst. Commissioner of Income Tax Central Circle 2 Surat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India Through Secretary and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income TX, Central Circle 2 | Disposed |
To see the full case history of Saffron Gems 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 Saffron Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saffron Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS2828J1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saffron Gems Private Limited, buy the company report.
Recent activity
Saffron Gems Private Limited has 7 board changes on record since 2010: 4 appointments and 3 cessations. The latest: Prashant Ganesh Parave was appointed as Director on 16 Sep 2025.
Frequently asked questions
Saffron Gems is an active private limited company based in Surat, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 10 August 2009 (17+ years old) and is registered under CIN U36911GJ2009PTC057753.
Saffron Gems has 3 current directors:
- Arpit Kumar - Director
- Mohit Nahar - Director
- Prashant Ganesh Parave - Director
The latest financial statements of Saffron Gems 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 GSTIN of Saffron Gems is 24AANCS2828J1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Saffron Gems is U36911GJ2009PTC057753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saffron Gems has 12 court cases on record: 7 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Saffron Gems was incorporated on 10 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Saffron Gems by revenue are Anuveda Gold Private Limited, Genomics Healthcare Private Limited, Sushila Tradecomm Private Limited, TCJ Impex Private Limited, Mohini International Private Limited and 1 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Prashant Ganesh Parave was appointed as Director on 16 Sep 2025. Girdhar Singh was appointed as Director on 18 Dec 2024. Mahesh Kumar Jain ceased to be Director on 07 Feb 2019. Saffron Gems has 7 board changes on record in total.
The registered office of Saffron Gems is at 103 Vedant Complex Bhojabhai Ni Sheri Mahidharpura, Surat, Gujarat, India – 395003.
Saffron Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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