Truecarat Diamonds Private Limited
About Truecarat Diamonds Private Limited
Data last updated:
Truecarat Diamonds 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 04 October 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32112MH2023PTC411496.
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.75 Cr. It is led by directors including Parin Jeetendra Shah and Darayus Dinshaw Mehta.
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 618 Cts – 266 266/1 – 172 Prakashwadi Sale Bldg, Village Gundavali Ak Road Andheri East Mumbai 400093, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.01 Lakh (net margin -0.5%) and EBITDA of -₹1.93 Lakh (EBITDA margin -0.2%).
The company is associated with 1 brand: True Diamond. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹34.19 Cr; the latest was in June 2025. Its 10 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Riyon Star Private Limited with revenue of ₹11.93 Cr.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address618 Cts – 266 266/1 – 172 Prakashwadi Sale Bldg, Village Gundavali Ak Road Andheri East Mumbai 400093, Maharashtra, India – 400093
- 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
Associated Brands with Truecarat Diamonds Private Limited
Truecarat Diamonds operates one associated brand: True Diamond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lab-grown diamond jewelry products are offered online by True Diamond. | truediamond.in |
Business Activity of Truecarat Diamonds Private Limited
The main business activity of Truecarat Diamonds is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Truecarat Diamonds Private Limited FY 2025 filings available
Truecarat Diamonds Private Limited reported revenue of ₹11.87 Cr (up 1628% YoY) for FY 2025.
Financial Statement Summary of Truecarat Diamonds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | -₹1.93 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹6.01 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 Truecarat Diamonds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -0.2% | •••• |
| Net Profit Margin | -0.5% | •••• |
| 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 Truecarat Diamonds are in the company report.
Financial statements from FY 2024
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 Truecarat Diamonds Private Limited
Truecarat Diamonds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parin Jeetendra Shah | Director | 04 Oct 2023 | 3 Years 0 Months | Current |
| Darayus Dinshaw Mehta Also directs: Ruston Foundry LLP | Director | 04 Oct 2023 | 3 Years 0 Months | Current |
| Shiv Kapoor Also directs: Fae Beauty Private Limited, Traumbuild Andesinfra Solutions Private Limited, Boba Bhai Ventures Private Limited and 5 more | Nominee Director | 25 Jun 2025 | 1 Years 3 Months | Current |
Peer Comparison of Truecarat Diamonds Private Limited
Truecarat Diamonds 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 |
|---|---|---|---|---|---|---|
| Riyon Star Private Limited | ₹11.93 Cr (FY 2024) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Pavitra Jewellery Private Limited | ₹11.92 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Genevieve Orsini Jewels Pvt Ltd | ₹11.88 Cr (FY 2025) | •••• | •••• | 196.0% | •••• | Mumbai, Maharashtra, India |
| Radheyam Jewellers Private Limited | ₹11.88 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | New Delhi, Delhi, India |
| U.S. Diam Private Limited | ₹11.87 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Mumbai, Maharashtra, India |
| Truecarat Diamonds Private Limited this company | ₹11.87 Cr (FY 2025) | •••• | •••• | 1628.0% | •••• | Mumbai, Maharashtra, India |
| Tamboli Enterprise Limited | ₹11.84 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bhavnagar, Gujarat, India |
| Gazdar Private Limited | ₹11.83 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Mumbai, Maharashtra, India |
| Madhushree Jewels Private Limited | ₹11.8 Cr (FY 2025) | •••• | •••• | 275.0% | •••• | Agra, Uttar Pradesh, India |
| Divine Gold Private Limited | ₹11.78 Cr (FY 2025) | •••• | •••• | 154.0% | •••• | Ahmedabad, Gujarat, India |
| Delmer Products Limited | ₹11.74 Cr (FY 2016) | •••• | •••• | 397.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Truecarat Diamonds 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.
Charges & Borrowings of Truecarat Diamonds Private Limited
Truecarat Diamonds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Truecarat Diamonds Private Limited
Truecarat Diamonds Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹34.19 Cr; the latest was in June 2025.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Funding round · Pre-Series A | ₹25.77 Cr | Investors: India Quotient, Titan Capital, Huddle Ventures |
| Nov 2024 | Funding round · Seed | ₹8.42 Cr | Investors: Zeropearl VC, 3 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Truecarat Diamonds Private Limited
Employment history and EPFO contributions of people linked to Truecarat Diamonds.
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 Truecarat Diamonds Private Limited
Truecarat Diamonds Private Limited has 3 board changes on record since 2023: 3 appointments. The latest: Shiv Kapoor was appointed as Nominee Director on 25 Jun 2025.
Credit Ratings, Litigation & Regulatory Alerts for Truecarat Diamonds 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 Truecarat Diamonds 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 Truecarat Diamonds 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 Truecarat Diamonds Private Limited
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 Truecarat Diamonds 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.
Related news about Truecarat Diamonds Private Limited
Frequently Asked Questions about Truecarat Diamonds Private Limited
Truecarat Diamonds 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 04 October 2023 (3+ years old) and is registered under CIN U32112MH2023PTC411496.
Truecarat Diamonds reported revenue of ₹11.87 Cr for FY 2025 (up 1628% YoY).
Truecarat Diamonds has 3 current directors:
- Parin Jeetendra Shah - Director
- Darayus Dinshaw Mehta - Director
- Shiv Kapoor - Nominee Director
Truecarat Diamonds reported a net loss of ₹6.01 Lakh (net margin -0.5%) and EBITDA of -₹1.93 Lakh (EBITDA margin -0.2%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Truecarat Diamonds is U32112MH2023PTC411496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truecarat Diamonds was incorporated on 04 October 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Truecarat Diamonds has 2 deals on record (2 funding rounds), with disclosed funding of ₹34.19 Cr; the latest was in June 2025.
The peers of Truecarat Diamonds by revenue are Riyon Star Private Limited, Pavitra Jewellery Private Limited, Genevieve Orsini Jewels Pvt Ltd, Radheyam Jewellers Private Limited, U.S. Diam Private Limited and 5 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers).
Shiv Kapoor was appointed as Nominee Director on 25 Jun 2025. Darayus Dinshaw Mehta was appointed as Director on 04 Oct 2023. Parin Jeetendra Shah was appointed as Director on 04 Oct 2023.
The registered office of Truecarat Diamonds is at 618 Cts – 266 2661 – 172 Prakashwadi Sale Bldg, Village Gundavali Ak Road Andheri East Mumbai 400093, Maharashtra, India – 400093.
Truecarat Diamonds has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.75 Cr.