Ultimate Gems Private Limited
About Ultimate Gems Private Limited
Data last updated:
Ultimate Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Araska Diamond Private Limited. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 29 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2003PTC142415. Its GSTIN is 27AAACU6425C1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shailesh Ramniklal Mehta and Shilpaben Shaileshbhai 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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.4 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹34,953 (net margin -4.7%) and EBITDA of ₹1.93 Lakh (EBITDA margin 26.1%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressAe – 5040 Bharat Diamond Bourse G Block BKC Opp. Nabard Head Office Bandra Eas, T, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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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Business Activity of Ultimate Gems Private Limited
The main business activity of Ultimate Gems is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | 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 Ultimate Gems Private Limited FY 2025 filings available
Ultimate Gems Private Limited reported revenue of ₹7.4 Lakh (down 61% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ultimate Gems Private Limited
Revenue fell 61% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA fell 89% 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 Ultimate Gems 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 | ₹1.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹34,953 | •••• | •••• | •••• | •••• |
| 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 Ultimate Gems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.7% | •••• | •••• | •••• | •••• |
| 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 Ultimate Gems 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.
Peer Comparison of Ultimate Gems Private Limited
Ultimate Gems Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RST Jewels Private Limited | ₹7.51 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Mozart Trading Private Limited | ₹7.5 Lakh (FY 2017) | •••• | •••• | -98.0% | •••• | Mumbai, Maharashtra, India |
| Adj Jewellers Private Limited | ₹7.5 Lakh (FY 2024) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Nath Exports (India) Private Limited | ₹7.44 Lakh (FY 2025) | •••• | •••• | 60.0% | •••• | Agra, Uttar Pradesh, India |
| Ratan Gold Limited | ₹7.43 Lakh (FY 2025) | •••• | •••• | -48.0% | •••• | New Delhi, Delhi, India |
| Ultimate Gems Private Limited this company | ₹7.4 Lakh (FY 2025) | •••• | •••• | -61.0% | •••• | Mumbai, Maharashtra, India |
| Arihant Ornaments Private Limited | ₹7.33 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Garuda Gold Palace Private Limited | ₹7.26 Lakh (FY 2024) | •••• | •••• | •••• | Perambalur, Tamil Nadu, India | |
| Secure Exim Private Limited | ₹7.22 Lakh (FY 2025) | •••• | •••• | -100.0% | •••• | Surat, Gujarat, India |
| Raghunandan Impex Private Limited | ₹7.19 Lakh (FY 2022) | •••• | •••• | -88.0% | •••• | Surat, Gujarat, India |
| Padmavati Gems Private Limited | ₹7.01 Lakh (FY 2025) | •••• | •••• | 192.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Ultimate Gems by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), 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 Ultimate Gems Private Limited
Ultimate Gems Private Limited is audited by P L BABARIA & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P L BABARIA & ASSOCIATES | 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.
Board of Directors of Ultimate Gems Private Limited
Ultimate Gems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Ramniklal Mehta | Director | 29 Sep 2003 | 23 Years 0 Months | Current |
| Shilpaben Shaileshbhai Mehta Also directs: Araska Diamond Private Limited, Pretty Jewellery Private Limited | Director | 11 Oct 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Ultimate Gems 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 Ultimate Gems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jul 2005 | State Bank of India | ₹5 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Ultimate Gems Private Limited
Employment history and EPFO contributions of people linked to Ultimate Gems.
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 Ultimate Gems Private Limited
Ultimate Gems Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Shilpaben Shaileshbhai Mehta was appointed as Director on 11 Oct 2006.
Credit Ratings, Litigation & Regulatory Alerts for Ultimate Gems 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 Ultimate Gems 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 Ultimate Gems 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 Ultimate Gems Private Limited
Ultimate Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU6425C1ZL | 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 Ultimate Gems 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 Ultimate Gems Private Limited
Ultimate Gems is an active 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 29 September 2003 (23+ years old) and is registered under CIN U70101MH2003PTC142415.
Ultimate Gems reported revenue of ₹7.4 Lakh for FY 2025 (down 61% YoY).
Ultimate Gems has 2 current directors:
- Shailesh Ramniklal Mehta - Director
- Shilpaben Shaileshbhai Mehta - Director
Ultimate Gems reported a net loss of ₹34,953 (net margin -4.7%) and EBITDA of ₹1.93 Lakh (EBITDA margin 26.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ultimate Gems is 54% over three years and 30% over five years. In the latest year (FY 2025) revenue fell 61%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ultimate Gems is 27AAACU6425C1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ultimate Gems is U70101MH2003PTC142415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimate Gems was incorporated on 29 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ultimate Gems by revenue are RST Jewels Private Limited, Mozart Trading Private Limited, Adj Jewellers Private Limited, Shree Nath Exports (India) Private Limited, Ratan Gold Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Shilpaben Shaileshbhai Mehta was appointed as Director on 11 Oct 2006. Shailesh Ramniklal Mehta was appointed as Director on 29 Sep 2003.
The registered office of Ultimate Gems is at Ae – 5040 Bharat Diamond Bourse G Block BKC Opp. Nabard Head Office Bandra Eas, T, Mumbai, Maharashtra, India – 400051.