About Sagar Diamonds Limited
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Sagar Diamonds Limited is a public limited company based in Surat, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 15 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L36912GJ2015PLC083846. Its GSTIN is 24AAWCS0068B1ZE (Gujarat). The company holds 5 GST registrations, all of them active. It is recorded as listed by MCA, but its shares were delisted from BSE on 16 Feb 2026 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹12.64 Cr. It was formerly known as Sagar Diamonds Private Limited. It is led by directors including Vaibhav Dipak Shah (Managing Director) and Tanuja Durvesh Parab.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. 266 – B SEZ Diamond Park Sachin, Surat, Gujarat, India – 394230.
As per the financials filed for FY 2025, the company reported a revenue of ₹71.98 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.78 Cr (net margin -247%) and EBITDA of -₹1.71 Cr (EBITDA margin -237.8%). Revenue has declined at a compounded annual rate (CAGR) of 95% over three years and 79% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sagar Diamonds. As per MCA filings, the company has open charges of ₹99.99 Lakh on record. Court records list 8 cases involving the company, including 8 filed by the company; 4 cases are pending. The company has 47 deals on record (46 market trades, 1 ipo); the latest was in February 2025. Its 3 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 2 smaller; the largest is Radha Krishna Payal Bhandar Private Limited with revenue of ₹72.55 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sagardiamonds.com.
Company details
CIN history
Sagar Diamonds has one previous CIN (Corporate Identification Number): U36912GJ2015PLC083846. The current CIN is L36912GJ2015PLC083846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36912GJ2015PLC083846 | Current |
| U36912GJ2015PLC083846 | Previous |
Contact details
Sagar Diamonds Limited's registered office is in Surat, Gujarat. Its website is sagardiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 266 – B SEZ Diamond Park Sachin, Surat, Gujarat, India – 394230
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Sagar Diamonds 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
Sagar Diamonds operates one associated brand: Sagar Diamonds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of rough diamonds and diamond jewellery in India. | sagardiamonds.com |
Business activity
The main business activity of Sagar 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 Sagar Diamonds Limited, buy the company report.
Financials of Sagar Diamonds Limited
FY 2023 filings availableSagar Diamonds Limited reported revenue of ₹71.98 Lakh (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 79% over five years, including a 33% fall 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 | ₹71.98 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.78 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -237.8% | ||||
| Net Profit Margin | -247% | ||||
| 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 Sagar Diamonds Limited, buy the company report.
Board of directors of Sagar Diamonds Limited
Sagar Diamonds has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Dipak Shah Also directs: SG Diamonds LLP, Sagarempire Agro Private Limited, Sagarempire Jewels Private Limited and 5 more | Managing Director | 15 Jul 2015 | 11 Years 3 Months | Current |
| Tanuja Durvesh Parab | Director | 25 May 2023 | 3 Years 5 Months | Current |
| Fatima Fakruddin Shaikh | Additional Director | 25 May 2023 | 3 Years 5 Months | Current |
| Samson Charles William | Director | 06 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Sagar Diamonds Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Radha Krishna Payal Bhandar Private Limited | ₹72.55 Lakh (FY 2025) | 22.0% | Uttar Pradesh, India | |||
| Sagar Diamonds Limitedthis company | ₹71.98 Lakh (FY 2025) | -₹1.78 Cr | -247% | -33.0% | 32 | Surat, Gujarat, India |
| BR Diamond House (India) Private Limited | ₹71.22 Lakh (FY 2025) | 1646.0% | Hyderabad, Telangana, India | |||
| Constell Manufacturing Private Limited | ₹70.99 Lakh (FY 2025) | -55.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sagar Diamonds Limited, buy the company report.
Auditor
Sagar Diamonds Limited is audited by G B & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G B & CO. | FY 2022 | 139110W |
Shareholding
The shareholding of Sagar Diamonds Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sagar Diamonds Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2021 | 100447116 | Others | ₹99.99 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Sagar Diamonds Limited has 47 deals on record (46 market trades, 1 ipo); the latest was in February 2025.
Deals on record (5 of 47)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Market trade | ₹82 Lakh | Buyer: an individual Seller: Parklight Securities Private Limited |
| Aug 2020 | Market trade | ₹7.9 Lakh | Seller: Navratri Share Trading Private Limited |
| Aug 2020 | Market trade | ₹21.7 Lakh | Buyer: an individual Seller: Dhara Technosystem LLP |
| Dec 2019 | Market trade | ₹19.9 Lakh | Buyer: Navratri Share Trading Private Limited Seller: Purplestone Advisors Private Limited |
| Feb 2019 | Market trade | ₹25.4 Lakh | Seller: Gretex Share Broking Limited |
To see the full deal history of Sagar Diamonds 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
Sagar Diamonds Limited has 8 court cases on record: 8 filed by Sagar Diamonds. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 3 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Idfc First Bank Limited and 7 others | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Additional Commissioner of Customs Surat | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Pending |
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed by the company against Union of India Through Secretary Vanijya Bhawan, New Delhi ,New Delhi , Delhi and 9 others | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Additional Commissioner of Customs Surat | Disposed |
To see the full case history of Sagar Diamonds 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 Sagar Diamonds Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sagar Diamonds Limited has a workforce of 32 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Sagar Diamonds has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS0068B1ZE | Gujarat | Active | 01 Jul 2017 |
| 24AAWCS0068B2ZD | Gujarat | Active | 23 Apr 2021 |
| 24AAWCS0068B3ZC | Gujarat | Active | 08 Aug 2022 |
| 27AAWCS0068B1Z8 | Maharashtra | Active | 26 Dec 2017 |
To see the full GST registrations and return filing status of Sagar Diamonds Limited, buy the company report.
Recent activity
Sagar Diamonds Limited has 20 board changes on record since 2015: 4 appointments and 16 cessations. The latest: Samson Charles William was appointed as Director on 06 Aug 2025.
12 earlier events are in the company report.
Frequently asked questions
Sagar Diamonds is an active public limited company based in Surat, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 15 July 2015 (11+ years old) and is registered under CIN L36912GJ2015PLC083846.
Sagar Diamonds has 4 current directors:
- Vaibhav Dipak Shah - Managing Director
- Tanuja Durvesh Parab - Director
- Fatima Fakruddin Shaikh - Additional Director
- Samson Charles William - Director
The latest financial statements of Sagar Diamonds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Sagar Diamonds is 24AAWCS0068B1ZE, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AAWCS0068B2ZD (Gujarat), 24AAWCS0068B3ZC (Gujarat), 27AAWCS0068B1Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Sagar Diamonds is L36912GJ2015PLC083846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sagar Diamonds is recorded as a listed company by MCA, but its shares were delisted from BSE on 16 Feb 2026 · compulsory delisting, and no longer trade on a stock exchange.
Sagar Diamonds has 8 court cases on record: 8 filed by the company. 4 are pending. Most are in the high courts.
Sagar Diamonds was incorporated on 15 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sagar Diamonds has 47 deals on record (46 market trades, 1 ipo); the latest was in February 2025.
The peers of Sagar Diamonds by revenue are Radha Krishna Payal Bhandar Private Limited, BR Diamond House (India) Private Limited, Constell Manufacturing 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).
Samson Charles William was appointed as Director on 06 Aug 2025. Bhargavbhai Kapadia ceased to be Additional Director on 12 Mar 2025. Samir Pandharinath Gaonkar ceased to be Additional Director on 14 Nov 2024. Sagar Diamonds has 20 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
