Swaminarayan Diamonds Private Limited
About Swaminarayan Diamonds Private Limited
Data last updated:
Swaminarayan Diamonds Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 02 November 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36997MH2012PTC237451. Its GSTIN is 27AASCS2465C1Z5 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹21 Cr. It is led by directors Deepak Nagjibhai Patel (Managing Director) and Sweta Deepak Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Aw2111 Bharat Diamond Bourse Bandra Kurla Complex Bandra East Mumbai – 400051, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹220.74 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹43.8 Lakh (net margin 0.2%) and EBITDA of ₹6.48 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹51.07 Cr and satisfied charges of ₹3 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending.
Company details
Contact details
Swaminarayan Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressAw2111 Bharat Diamond Bourse Bandra Kurla Complex Bandra East Mumbai – 400051, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Swaminarayan Diamonds 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 Swaminarayan 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 Swaminarayan Diamonds Private Limited, buy the company report.
Financials of Swaminarayan Diamonds Private Limited
FY 2023 filings availableSwaminarayan Diamonds Private Limited reported revenue of ₹220.74 Cr (down 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 15% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹220.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.8 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 0.2% | ||||
| 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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| Net Profit Growth | |||||
To see the full financial statements and ratios of Swaminarayan Diamonds Private Limited, buy the company report.
Board of directors of Swaminarayan Diamonds Private Limited
Swaminarayan Diamonds has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Nagjibhai Patel | Managing Director | 02 Nov 2012 | 13 Years 11 Months | As last reported |
| Sweta Deepak Patel Also directs: Dwarekesh Ship Breaking Industries Private Limited | Director | 02 Nov 2012 | 13 Years 11 Months | As last reported |
Auditor
Swaminarayan Diamonds Private Limited is audited by A S MERCHANT & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S MERCHANT & ASSOCIATES | FY 2023 | 130835W |
Shareholding
The shareholding of Swaminarayan Diamonds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swaminarayan Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2021 | 100523318 | Canara Bank | ₹6.4 Cr | Open | |
| 09 Nov 2020 | 100392581 | Canara Bank | ₹5 Cr | Open | |
| 15 Oct 2020 | 100379396 | Tata Capital Housing Finance Limited | ₹21.9 Lakh | Open | |
| 25 Oct 2019 | 100297490 | Tata Capital Housing Finance Limited | ₹1.45 Cr | Open | |
| 17 Jun 2013 | 10433174 | Canara Bank | ₹38 Cr | Open |
To see the full charge records of Swaminarayan Diamonds Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Swaminarayan Diamonds Private Limited has 6 court cases on record: 3 filed by Swaminarayan Diamonds, 3 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| NCLAT | 3 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Canara Bank Through Its Ao, Manoj Kumar Gupta | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Canara Bank | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Canara Bank | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Laxmanbhai Odhavjibhai Maiyani Partner of Maiyani Brothers | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Canara Bank Manoj Kumar Gupta | Disposed |
To see the full case history of Swaminarayan Diamonds 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 Swaminarayan Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swaminarayan Diamonds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCS2465C1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swaminarayan Diamonds Private Limited, buy the company report.
Recent activity
Swaminarayan Diamonds Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Nagjibhai Kanjibhai Patel ceased to be Director on 21 Mar 2024.
5 earlier events are in the company report.
Frequently asked questions
Swaminarayan Diamonds is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Swaminarayan Diamonds is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 02 November 2012 and is registered under CIN U36997MH2012PTC237451. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Swaminarayan Diamonds has 2 current directors:
- Deepak Nagjibhai Patel - Managing Director
- Sweta Deepak Patel - Director
The latest financial statements of Swaminarayan Diamonds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Swaminarayan Diamonds is U36997MH2012PTC237451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swaminarayan Diamonds has open charges of ₹51.07 Cr and satisfied charges of ₹3 Cr as per latest MCA filings.
Swaminarayan Diamonds has 6 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Swaminarayan Diamonds was incorporated on 02 November 2012. It is registered with the Registrar of Companies, Mumbai.
Nagjibhai Kanjibhai Patel ceased to be Director on 21 Mar 2024. Savitaben Nagjibhai Patel ceased to be Director on 21 Mar 2024. Deepak Nagjibhai Patel ceased to be Director on 20 Mar 2024. Swaminarayan Diamonds has 6 board changes on record in total.
The registered office of Swaminarayan Diamonds is at Aw2111 Bharat Diamond Bourse Bandra Kurla Complex Bandra East Mumbai – 400051, Maharashtra, India – 400051.