MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0028470
Solar Diamond Tools (India) Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.06 Cr
▲ 21% YoY
Net profit · FY 2024
₹3.53 Cr
Net margin 5.6%
EBITDA · FY 2024
₹9.69 Cr
EBITDA margin 15.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹43.11 Cr
Satisfied ₹2.11 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
137
Provident fund records
About Solar Diamond Tools (India) Private Limited
Data last updated:
Solar Diamond Tools (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 22 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74200MH2008PTC182552. Its GSTIN is 27AACCD8973E1ZF (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Dmz Diamond Systems Private Limited and Dmz Engineering Private Limited. It is led by directors Dipali Milind Zaveri and Milind Kailash Zaveri.
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 213 – Bhaveshwar Complex Opp. Railway Station Vidyavihar West., Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.06 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹3.53 Cr (net margin 5.6%) and EBITDA of ₹9.69 Cr (EBITDA margin 15.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 14% over five years.
The company has about 137 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solar Diamond Tools. As per MCA filings, the company has open charges of ₹43.11 Cr and satisfied charges of ₹2.11 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2016. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 12 overdue payments to 12 micro and small suppliers.
Solar Diamond Tools (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0028470). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solardiamondtools.com.
Company details
CIN U74200MH2008PTC182552
Registration Number 182552
Incorporation Date 22 May 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0028470
Name history
Solar Diamond Tools (India) has undergone 2 name changes throughout its history. The company was previously known as Dmz Diamond Systems Private Limited, and Dmz Engineering Private Limited. The current legal name is Solar Diamond Tools (India) Private Limited.
| Company Name | Status |
|---|---|
| Solar Diamond Tools (India) Private Limited | Current |
| Dmz Diamond Systems Private Limited | Previous |
| Dmz Engineering Private Limited | Previous |
Recognitions & Rankings of Solar Diamond Tools (India)
Contact details
Solar Diamond Tools (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is solardiamondtools.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address213 – Bhaveshwar Complex Opp. Railway Station Vidyavihar West., Mumbai, Maharashtra, India – 400086
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Solar Diamond Tools (India) Private Limited, buy the company report.
Comprehensive company report
Solar Diamond Tools (India) Private Limited - one report that includes everything
- 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
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Brands
Solar Diamond Tools (India) operates one associated brand: Solar Diamond Tools. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of diamond tools, honing stones, and cutting tools in India. | solardiamondtools.com |
Business activity
The main business activity of Solar Diamond Tools (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Solar Diamond Tools (India) Private Limited, buy the company report.
Financials of Solar Diamond Tools (India) Private Limited
FY 2025 filings availableSolar Diamond Tools (India) Private Limited reported revenue of ₹63.06 Cr (up 21% YoY) for FY 2024.
Revenue · FY 2024
₹63.06 Cr ▲ 21%
Net profit · FY 2024
₹3.53 Cr margin 5.6%
EBITDA · FY 2024
₹9.69 Cr margin 15.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 25%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 15%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 21% growth in the latest year. EBITDA rose 11% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.53 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 5.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Solar Diamond Tools (India) Private Limited, buy the company report.
Board of directors of Solar Diamond Tools (India) Private Limited
Solar Diamond Tools (India) has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipali Milind Zaveri | Director | 22 May 2008 | 18 Years 5 Months | Current |
| Milind Kailash Zaveri | Director | 22 May 2008 | 18 Years 5 Months | Current |
Auditor
Solar Diamond Tools (India) Private Limited is audited by APMH & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APMH & Associates LLP | FY 2023 | 102699W/W100142 |
Shareholding
The shareholding of Solar Diamond Tools (India) 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 Solar Diamond Tools (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹43.11 Cr
Satisfied charges
₹2.11 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2024 | 101012455 | Axis Bank Limited | ₹16.91 Cr | Open | |
| 18 Jul 2024 | 100950295 | Sidbi | ₹48 Lakh | Open | |
| 24 Aug 2023 | 100766541 | Sidbi | ₹7.5 Cr | Open | |
| 29 Mar 2023 | 100705902 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Cr | Open | |
| 28 Mar 2023 | 100705880 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Lakh | Open |
To see the full charge records of Solar Diamond Tools (India) Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Solar Diamond Tools (India) Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2016.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹9 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2014 | Funding round | ₹9 Lakh | Investors: 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Solar Diamond Tools (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Solar Diamond Tools (India) Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 12 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Brilliant Calibiration | |||
| Maheshwari Silver Alloys Private Limited | |||
| Electronics Devices Worldwide Private Limited | |||
| Mathure Metal Works Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Solar Diamond Tools (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solar Diamond Tools (India) Private Limited has a workforce of 137 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
137
Active EPFO establishments
1
Employee growth
15.13%
GST
Solar Diamond Tools (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD8973E1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solar Diamond Tools (India) Private Limited, buy the company report.
Recent activity
Solar Diamond Tools (India) Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Dipali Milind Zaveri was appointed as Director on 22 May 2008.
Charges
A charge with Axis Bank Limited of Rs. 1,691.00 Lakh registered on 06 Nov 2024 with Charge ID 101012455 was modified on 18 Nov 2025.
AGM
Solar Diamond Tools (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solar Diamond Tools (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,691.00 Lakh with Charge ID 101012455 was registered on 06 Nov 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 500.00 Lakh registered on 29 Mar 2023 with Charge ID 100705902 was modified on 19 Jul 2024.
Charges
A charge with Sidbi amounted to Rs. 48.00 Lakh with Charge ID 100950295 was registered on 18 Jul 2024.
Charges
A charge with Axis Bank Limited of Rs. 250.00 Lakh registered on 10 Mar 2021 with Charge ID 100461333 was modified on 18 Oct 2023.
Charges
A charge with Axis Bank Limited of Rs. 100.00 Lakh registered on 23 Dec 2019 with Charge ID 100320580 was modified on 18 Oct 2023.
Charges
A charge with Axis Bank Limited of Rs. 120.00 Lakh registered on 30 Mar 2019 with Charge ID 100270743 was modified on 18 Oct 2023.
Charges
A charge with Axis Bank Limited of Rs. 187.00 Lakh registered on 19 Mar 2018 with Charge ID 100218772 was modified on 18 Oct 2023.
Charges
A charge with Axis Bank Limited of Rs. 400.00 Lakh registered on 02 Mar 2016 with Charge ID 100045048 was modified on 18 Oct 2023.
Charges
A charge with Sidbi amounted to Rs. 750.00 Lakh with Charge ID 100766541 was registered on 24 Aug 2023.
15 earlier events are in the company report.
Frequently asked questions
Solar Diamond Tools (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 22 May 2008 (18+ years old) and is registered under CIN U74200MH2008PTC182552.
Solar Diamond Tools (India) has 2 current directors:
- Dipali Milind Zaveri - Director
- Milind Kailash Zaveri - Director
The latest financial statements of Solar Diamond Tools (India) 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 Solar Diamond Tools (India) is 27AACCD8973E1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solar Diamond Tools (India) is U74200MH2008PTC182552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Diamond Tools (India) was incorporated on 22 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Solar Diamond Tools (India) has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2016.
Dipali Milind Zaveri was appointed as Director on 22 May 2008. Milind Kailash Zaveri was appointed as Director on 22 May 2008.
Yes, Solar Diamond Tools (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0028470).
Solar Diamond Tools (India) has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 12 overdue payments to 12 micro and small suppliers. The latest return was filed on 24 Oct 2019.
Solar Diamond Tools (India) can be reached through the website solardiamondtools.com. Its registered office is in Mumbai, Maharashtra, India.