About Sitara Diamond Private Limited
Data last updated:
Sitara Diamond Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rosy Blue Jewelry Inc. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 15 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH2003PTC138686. Its GSTIN is 27AACCR6206Q1ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹49 Lakh. It was formerly known as R B Jewellery Private Limited. It is led by directors including Pravin Ratanlal Sarawgi and Yash Biren Shah.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 108 Sdf IV Seepz Andheri (East), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.86 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹34.24 Lakh (net margin 1.6%) and EBITDA of ₹83.88 Lakh (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.5 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sitaradiamond.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 108 Sdf IV Seepz Andheri (East), Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Sitara Diamond Private Limited
The main business activity of Sitara Diamond is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Sitara Diamond Private Limited FY 2025 filings available
Sitara Diamond Private Limited reported revenue of ₹21.86 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sitara Diamond Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 41% fall in the latest year. EBITDA fell 68% 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 Sitara Diamond 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 | ₹83.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.24 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 Sitara Diamond Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Sitara Diamond 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 Sitara Diamond Private Limited
Sitara Diamond has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Ratanlal Sarawgi | Director | 01 Jun 2003 | 23 Years 4 Months | Current |
| Yash Biren Shah | Director | 23 Aug 2013 | 13 Years 1 Months | Current |
| Kushal Premchand Jain Also directs: RB One Source Private Limited | Director | 17 Jul 2013 | 13 Years 3 Months | Current |
Peer Comparison of Sitara Diamond Private Limited
Sitara Diamond Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kothari Diamond Industries Private Limited | ₹22.27 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Chordia Gems Private Limited | ₹22.14 Cr (FY 2025) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Arihant Jewels Limited | ₹22.05 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Jaipur, Rajasthan, India |
| Varuna D Jani Fine Jewellery Private Limited | ₹21.92 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Mumbai, Maharashtra, India |
| Arushi Ornaments & Jewellers Private Limited | ₹21.87 Cr (FY 2024) | •••• | •••• | -48.0% | •••• | Bareilly, Uttar Pradesh, India |
| Sitara Diamond Private Limited this company | ₹21.86 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Mumbai, Maharashtra, India |
| Svab Diamonds N Jewels Private Limited | ₹21.7 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Surat, Gujarat, India |
| Rukmani Jewellers Private Limited | ₹21.66 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Jaipur, Rajasthan, India |
| Arrowgold Ornaments Private Limited | ₹21.66 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Udaipur, Rajasthan, India |
| A Himanshu Jewelery Private Limited | ₹21.63 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Two Moustaches India Private Limited | ₹21.63 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Aligarh, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Sitara Diamond by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), 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 Sitara Diamond Private Limited
Sitara Diamond Private Limited is audited by M M NISSIM & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M M NISSIM & CO LLP | 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 Sitara Diamond 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 Sitara Diamond Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Nov 2004 | Bank of India | ₹1.5 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Sitara Diamond Private Limited
Sitara Diamond Private Limited has 3 court cases on record: 3 filed by Sitara Diamond. All cases are disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax 8(3) and 3 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Ast. Commissioner of Income Tax Cir 8(3) and 3 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Sitara Diamond Private Limited
Sitara Diamond Private Limited has a workforce of 52 employees as of Apr 08, 2024.
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 Sitara Diamond Private Limited
Sitara Diamond Private Limited has 10 board changes on record since 2003: 3 appointments and 7 cessations. The latest: Vikram Ramesh Parekh ceased to be Whole-Time Director on 01 Dec 2015.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sitara Diamond 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 Sitara Diamond 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 Sitara Diamond 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 Sitara Diamond Private Limited
Sitara Diamond has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR6206Q1ZY | 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 Sitara Diamond 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 Sitara Diamond Private Limited
Sitara Diamond 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 15 January 2003 (23+ years old) and is registered under CIN U51398MH2003PTC138686.
Sitara Diamond reported revenue of ₹21.86 Cr for FY 2025 (down 41% YoY).
Sitara Diamond has 3 current directors:
- Pravin Ratanlal Sarawgi - Director
- Yash Biren Shah - Director
- Kushal Premchand Jain - Director
Sitara Diamond reported a net profit of ₹34.24 Lakh (net margin 1.6%) and EBITDA of ₹83.88 Lakh (EBITDA margin 3.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sitara Diamond is -9% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sitara Diamond is 27AACCR6206Q1ZY, 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 Sitara Diamond is U51398MH2003PTC138686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitara Diamond has 3 court cases on record: 3 filed by the company.
Sitara Diamond was incorporated on 15 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sitara Diamond by revenue are Kothari Diamond Industries Private Limited, Chordia Gems Private Limited, Arihant Jewels Limited, Varuna D Jani Fine Jewellery Private Limited, Arushi Ornaments & Jewellers Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Vikram Ramesh Parekh ceased to be Whole-Time Director on 01 Dec 2015. Kushal Premchand Jain ceased to be Additional Director on 14 Sep 2013. Yash Biren Shah ceased to be Additional Director on 14 Sep 2013. Sitara Diamond has 10 board changes on record in total.