MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0023802
Starfire Gems Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹111.61 Cr
▲ 22% YoY
Net profit · FY 2025
₹3.62 Cr
Net margin 3.2%
EBITDA · FY 2025
₹7.56 Cr
EBITDA margin 6.8%
Authorised capital
₹1.18 Cr
Registered with MCA
Paid-up capital
₹70.67 Lakh
Issued & subscribed
Open charges
₹9.16 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
40
Provident fund records
About Starfire Gems Private Limited
Data last updated:
Starfire Gems 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 29 July 2009 and has been in existence for over 17 years.
Its director Mithun Sacheti is #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2009PTC194428. Its GSTIN is 27AANCS2362K1ZX (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1.18 Cr and a paid-up capital of ₹70.67 Lakh. It is led by directors including Siddhartha Sacheti and Deepak Dhariwal.
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 108 Dharam Palace 100/103 N.S. Patkar Marg, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.61 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹3.62 Cr (net margin 3.2%) and EBITDA of ₹7.56 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jaipur Gems. As per MCA filings, the company has open charges of ₹9.16 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.2 Cr; the latest was in December 2009. Its 5 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, 2 larger and 3 smaller; the largest is Guru Krupa Gems and Jewellery Limited with revenue of ₹113.08 Cr.
Starfire Gems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0023802). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jaipurgems.com.
Company details
CIN U36911MH2009PTC194428
Registration Number 194428
Incorporation Date 29 July 2009
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-19-0023802
Recognitions & Rankings of Starfire Gems
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,055 Mithun Sacheti ₹2,500 Cr
Contact details
Starfire Gems Private Limited's registered office is in Mumbai, Maharashtra. Its website is jaipurgems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address108 Dharam Palace 100/103 N.S. Patkar Marg, Mumbai, Maharashtra, India – 400007
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Starfire Gems Private Limited, buy the company report.
Comprehensive company report
Starfire Gems 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
Starfire Gems operates one associated brand: Jaipur Gems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Handcrafted gold and diamond jewelry is designed and retailed. | jaipurgems.com |
Business activity
The main business activities of Starfire Gems are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Starfire Gems Private Limited, buy the company report.
Financials of Starfire Gems Private Limited
FY 2025 filings availableStarfire Gems Private Limited reported revenue of ₹111.61 Cr (up 22% YoY) for FY 2025.
Revenue · FY 2025
₹111.61 Cr ▲ 22%
Net profit · FY 2025
₹3.62 Cr margin 3.2%
EBITDA · FY 2025
₹7.56 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 4%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 22% growth in the latest year. EBITDA rose 3% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.62 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 | 6.8% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Starfire Gems Private Limited, buy the company report.
Board of directors of Starfire Gems Private Limited
Starfire Gems has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddhartha Sacheti | Director | 29 Jul 2009 | 17 Years 3 Months | Current |
| Deepak Dhariwal | Director | 01 Aug 2020 | 6 Years 3 Months | Current |
| Mithun Padamchand Sacheti Also directs: Mayara Estates LLP, Duo Design Consultancy LLP, Savvy Shippers Logistics LLP and 5 more | Director | 29 Jul 2009 | 17 Years 3 Months | Current |
| Shalini Sacheti | Director | 28 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Starfire Gems Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Guru Krupa Gems and Jewellery Limited | ₹113.08 Cr (FY 2025) | 9.0% | Gujarat, India | |||
| Saaz Chains Private Limited | ₹112.89 Cr (FY 2025) | 65.0% | Mumbai, Maharashtra, India | |||
| Starfire Gems Private Limitedthis company | ₹111.61 Cr (FY 2025) | ₹3.62 Cr | 3.2% | 22.0% | 40 | Mumbai, Maharashtra, India |
| Ganjam Nagappa and Son Private Limited | ₹111.17 Cr (FY 2022) | 81.0% | Bangalore, Karnataka, India | |||
| SJD Sayam Jewellers Private Limited | ₹110.38 Cr (FY 2025) | 23193.0% | Chennai, Tamil Nadu, India | |||
| Abhilasha Jewellers Private Limited | ₹110.22 Cr (FY 2025) | 122.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Starfire Gems Private Limited, buy the company report.
Auditor
Starfire Gems Private Limited is audited by JAIN & KOTHARI - CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN & KOTHARI - CHARTERED ACCOUNTANTS | FY 2023 | 103870W |
Shareholding
The shareholding of Starfire Gems 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 Starfire Gems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.16 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2023 | 100763114 | Hdfc Bank Limited | ₹86.26 Lakh | Open | |
| 05 Apr 2021 | 100455973 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 30 Mar 2012 | 10346259 | Hdfc Bank Limited | ₹7.8 Cr | Open |
To see the full charge records of Starfire Gems Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Starfire Gems Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.2 Cr; the latest was in December 2009.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹5.2 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2009 | Funding round | ₹4.95 Cr | Investors: Star Gems & Jewelry Limited |
| Nov 2009 | Funding round | ₹25 Lakh | Investors: Star Gems & Jewelry Limited |
| Sep 2009 | 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
Starfire Gems Private Limited has 3 court cases on record: 2 filed by Starfire Gems, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Joint Commissioner | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Joint Commissioner | Disposed |
To see the full case history of Starfire 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 Starfire Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Starfire Gems Private Limited has a workforce of 40 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
40
Active EPFO establishments
2
Employee growth
-13.04%
GST
Starfire Gems has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS2362K1ZX | Maharashtra | Active | 01 Jul 2017 |
| 33AANCS2362K1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 34AANCS2362K1Z2 | Puducherry | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Starfire Gems Private Limited, buy the company report.
Recent activity
Starfire Gems Private Limited has 6 board changes on record since 2009: 4 appointments and 2 cessations. The latest: Shalini Sacheti ceased to be Additional Director on 29 Sep 2025.
AGM
Starfire Gems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Shalini Sacheti ceased to be Additional Director.
Filing
Starfire Gems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Shalini Sacheti was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.86 Cr with Charge ID 100763114 was registered on 07 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100455973 was registered on 05 Apr 2021.
Ceased
Dilip Bhikhalal Gosalia ceased to be Director.
Appointed
Deepak Dhariwal was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 7.80 Cr registered on 30 Mar 2012 with Charge ID 10346259 was modified on 18 Jan 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.80 Cr with Charge ID 10346259 was registered on 30 Mar 2012.
Appointed
Mithun Padamchand Sacheti was appointed as Director.
Appointed
Siddhartha Sacheti was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Starfire Gems 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 29 July 2009 (17+ years old) and is registered under CIN U36911MH2009PTC194428.
Starfire Gems has 4 current directors:
- Siddhartha Sacheti - Director
- Deepak Dhariwal - Director
- Mithun Padamchand Sacheti - Director
- Shalini Sacheti - Director
The latest financial statements of Starfire 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 Starfire Gems is 27AANCS2362K1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AANCS2362K1Z4 (Tamil Nadu), 34AANCS2362K1Z2 (Puducherry).
The CIN (Corporate Identification Number) of Starfire Gems is U36911MH2009PTC194428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starfire Gems has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Starfire Gems was incorporated on 29 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Starfire Gems has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.2 Cr; the latest was in December 2009.
The peers of Starfire Gems by revenue are Guru Krupa Gems and Jewellery Limited, Saaz Chains Private Limited, Ganjam Nagappa and Son Private Limited, SJD Sayam Jewellers Private Limited, Abhilasha Jewellers 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).
Shalini Sacheti ceased to be Additional Director on 29 Sep 2025. Shalini Sacheti was appointed as Director on 28 Jan 2025. Dilip Bhikhalal Gosalia ceased to be Director on 30 Dec 2020. Starfire Gems has 6 board changes on record in total.
Yes, Starfire Gems is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0023802).
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