About Shashwat Ornaments Private Limited
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Shashwat Ornaments 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 03 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2020PTC351201. Its GSTIN is 27ABFCS0135H1ZJ (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Jayantilal Magrajji Solanki and Kantilal Santokchand Solanki.
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 G – 4 Melstar House MIDC Cross Road A Nr Marol Bus Depo Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹790.09 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28.87 Cr (net margin 3.7%) and EBITDA of ₹44.61 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 117% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹108 Cr and satisfied charges of ₹64.55 Cr on record.
For more details, the company can be reached via its website shashwatornaments.com.
Company details
Contact details
Shashwat Ornaments Private Limited's registered office is in Mumbai, Maharashtra. Its website is shashwatornaments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG – 4 Melstar House MIDC Cross Road A Nr Marol Bus Depo Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Shashwat Ornaments 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
Business activity
The main business activity of Shashwat Ornaments 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 Shashwat Ornaments Private Limited, buy the company report.
Financials of Shashwat Ornaments Private Limited
FY 2025 filings availableShashwat Ornaments Private Limited reported revenue of ₹790.09 Cr (up 203% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 117% over three years, including 203% growth in the latest year. EBITDA rose 40% 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 | ₹44.61 Cr | ||||
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| Net Profit (PAT) | ₹28.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 3.7% | ||||
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To see the full financial statements and ratios of Shashwat Ornaments Private Limited, buy the company report.
Board of directors of Shashwat Ornaments Private Limited
Shashwat Ornaments has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Magrajji Solanki Also directs: Sangam Jewels N Gold LLP | Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Kantilal Santokchand Solanki | Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Vikas Jayantilal Solanki Also directs: Shashwat Creation LLP | Director | 03 Dec 2020 | 5 Years 11 Months | Current |
| Pankaj Kantilal Solanki Also directs: Sangam Jewels N Gold LLP | Director | 08 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Shashwat Ornaments Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Indigo Jewellery (India) Mfg. Private Limited | ₹807.2 Cr (FY 2022) | 65.0% | Surat, Gujarat, India | |||
| Ariha Diamond Jewellery Private Limited | ₹806.71 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Baanganga Gold & Diamond (I) Limited | ₹803.93 Cr (FY 2023) | Mumbai, Maharashtra, India | ||||
| Goldiam International Limited | ₹800.64 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Shashwat Ornaments Private Limitedthis company | ₹790.09 Cr (FY 2025) | ₹28.87 Cr | 3.7% | 203.0% | 3 | Mumbai, Maharashtra, India |
| D. Navinchandra Exports Private Limited | ₹782.11 Cr (FY 2025) | -30.0% | Mumbai, Maharashtra, India | |||
| B. N. Jewellers India Private Limited | ₹775.37 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Ranka Jewellers Private Limited | ₹769.77 Cr (FY 2025) | 52.0% | Pune, Maharashtra, India | |||
| Kama Jewelry Private Limited | ₹768.21 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Shashwat Ornaments Private Limited, buy the company report.
Auditor
Shashwat Ornaments Private Limited is audited by I.G JAIN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I.G JAIN & CO. | FY 2023 | 103913W |
Shareholding
The shareholding of Shashwat Ornaments Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shashwat Ornaments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2025 | 101195845 | Yes Bank Limited | ₹18 Cr | Open | |
| 09 Oct 2024 | 100996813 | Yes Bank Limited | ₹90 Cr | Open | |
| 14 Oct 2021 | 100508322 | Axis Bank Limited | ₹54.05 Cr | Satisfied | |
| 30 Dec 2020 | 100409587 | Others | ₹50 Lakh | Satisfied | |
| 30 Dec 2020 | 100409601 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Shashwat Ornaments Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Shashwat Ornaments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Shashwat Ornaments Private Limited was last rated by Care on 17 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Feb 2026 |
To see the full credit ratings and regulatory alerts of Shashwat Ornaments Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shashwat Ornaments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shashwat Ornaments Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Shashwat Ornaments has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABFCS0135H1ZJ | Maharashtra | Active | 04 Mar 2021 |
| 32ABFCS0135H1ZS | Kerala | Active | 08 Aug 2024 |
To see the full GST registrations and return filing status of Shashwat Ornaments Private Limited, buy the company report.
Recent activity
Shashwat Ornaments Private Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Deepakkumar Pukhraj Solanki ceased to be Director on 18 Jul 2024.
10 earlier events are in the company report.
Frequently asked questions
Shashwat Ornaments 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 03 December 2020 (6+ years old) and is registered under CIN U36911MH2020PTC351201.
Shashwat Ornaments has 4 current directors:
- Jayantilal Magrajji Solanki - Director
- Kantilal Santokchand Solanki - Director
- Vikas Jayantilal Solanki - Director
- Pankaj Kantilal Solanki - Director
The latest financial statements of Shashwat Ornaments 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 FY 2021 are in the company report.
The GSTIN of Shashwat Ornaments is 27ABFCS0135H1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32ABFCS0135H1ZS (Kerala).
The CIN (Corporate Identification Number) of Shashwat Ornaments is U36911MH2020PTC351201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shashwat Ornaments was incorporated on 03 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shashwat Ornaments by revenue are Indigo Jewellery (India) Mfg. Private Limited, Ariha Diamond Jewellery Private Limited, Baanganga Gold & Diamond (I) Limited, Goldiam International Limited, D. Navinchandra Exports Private Limited and 3 more, 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).
Deepakkumar Pukhraj Solanki ceased to be Director on 18 Jul 2024. Rhishabh Solanki ceased to be Director on 18 Jul 2024. Sushilkumar Pukhraj Solanki ceased to be Director on 18 Jul 2024. Shashwat Ornaments has 7 board changes on record in total.
Shashwat Ornaments can be reached through the website shashwatornaments.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Shashwat Ornaments is at G – 4 Melstar House MIDC Cross Road A Nr Marol Bus Depo Andheri E, Mumbai, Maharashtra, India – 400093.
Shashwat Ornaments operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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