V. D. Gems India Private Limited
About V. D. Gems India Private Limited
Data last updated:
V. D. Gems India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of V. D. International Limited. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 17 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH2009FTC191779. Its GSTIN is 27AADCV0091L1Z4 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹11.39 Lakh. It is led by directors including Dipti Vijay Shah and Ajay Dhanvant Shah.
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 ₹19.85 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20,000 (net margin 0%) and EBITDA of ₹35,000 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 5% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
V. D. Gems India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHw 8013 Bharat Diamond Bourse, G Block Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of V. D. Gems India 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 V. D. Gems India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of V. D. Gems India Private Limited, buy the company report.
Financials of V. D. Gems India Private Limited
FY 2025 filings availableV. D. Gems India Private Limited reported revenue of ₹19.85 Cr (up 232% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 232% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 100% 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 |
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| EBITDA | ₹35,000 | ||||
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| Net Profit (PAT) | -₹20,000 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of V. D. Gems India Private Limited, buy the company report.
Board of directors of V. D. Gems India Private Limited
V. D. Gems India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Vijay Shah | Director | 05 Nov 2018 | 8 Years 0 Months | Current |
| Ajay Dhanvant Shah Also directs: Vijaydimon Diamond (India) Private Limited, Vdil Diamonds Private Limited, Hyacinth Lifestyle Private Limited. and 1 more | Director | 05 Jan 2023 | 3 Years 10 Months | Current |
| Kumud Dhanvant Shah Also directs: Vijaydimon Diamond (India) Private Limited, Vdil Diamonds Private Limited, VDS Constructions Private Limited and 2 more | Director | 06 Mar 2019 | 7 Years 8 Months | Current |
Peer comparison
V. D. Gems India Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LMD Assay and Refinnery Private Limited | ₹20.06 Cr (FY 2024) | -90.0% | Kolkata, West Bengal, India | |||
| V. D. Gems India Private Limitedthis company | ₹19.85 Cr (FY 2025) | -₹20,000 | 0% | 232.0% | 3 | Mumbai, Maharashtra, India |
| Unison Jewels Private Limited | ₹19.84 Cr (FY 2025) | 145.0% | Chandni Chowk, Delhi, India | |||
| Vimal Chhaganlal Jewellers Private Limited | ₹19.81 Cr (FY 2025) | 127.0% | Mumbai, Maharashtra, India | |||
| Dhankuber Exports Private Limited | ₹19.72 Cr (FY 2016) | -67.0% | Mumbai, Maharashtra, India | |||
| Johri Sons Jewellers Private Limited | ₹19.65 Cr (FY 2023) | 53.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of V. D. Gems India Private Limited, buy the company report.
Auditor
V. D. Gems India Private Limited is audited by Suresh Surana & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh Surana & Associates LLP | FY 2023 | 121750W/W-100010 |
Shareholding
The shareholding of V. D. Gems 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of V. D. Gems India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving V. D. Gems 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
No delayed payments to MSME suppliers are on our record for V. D. Gems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
V. D. Gems India Private Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
V. D. Gems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV0091L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V. D. Gems India Private Limited, buy the company report.
Recent activity
V. D. Gems India Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Ajay Dhanvant Shah was appointed as Director on 05 Jan 2023.
Frequently asked questions
V. D. Gems India is an active foreign 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 17 April 2009 (17+ years old) and is registered under CIN U51398MH2009FTC191779.
V. D. Gems India has 3 current directors:
- Dipti Vijay Shah - Director
- Ajay Dhanvant Shah - Director
- Kumud Dhanvant Shah - Director
The latest financial statements of V. D. Gems 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 V. D. Gems India is 27AADCV0091L1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of V. D. Gems India is U51398MH2009FTC191779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V. D. Gems India was incorporated on 17 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of V. D. Gems India by revenue are LMD Assay and Refinnery Private Limited, Unison Jewels Private Limited, Vimal Chhaganlal Jewellers Private Limited, Dhankuber Exports Private Limited, Johri Sons Jewellers Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Ajay Dhanvant Shah was appointed as Director on 05 Jan 2023. Dipti Vijay Shah ceased to be Additional Director on 27 Sep 2019. Kumud Dhanvant Shah ceased to be Additional Director on 27 Sep 2019. V. D. Gems India has 8 board changes on record in total.
The registered office of V. D. Gems India is at Hw 8013 Bharat Diamond Bourse, G Block Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051.
V. D. Gems India operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
The compliance status of V. D. Gems India is compliant as of 02 July 2026. The company is actively filing with the Registrar of Companies.
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