MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0130779
Vaibhav Gems Private Limited
Vaibhav Gems Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹353 Cr
▼ 3% YoY
Net profit · FY 2025
₹10.22 Cr
Net margin 2.9%
EBITDA · FY 2025
₹19.89 Cr
EBITDA margin 5.6%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹69.35 Cr
Satisfied ₹14 Cr
Company age
4 yrs
Est. 2022
Employees · EPFO
8
Provident fund records
About Vaibhav Gems Private Limited
Data last updated:
Vaibhav 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 19 April 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36997MH2022PTC380828. Its GSTIN is 27AAICV6768M1ZD (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors including Bhavin Sureshchandra Shah and Kavin Mukeshkumar 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 Dc 4142 A/B Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹353 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹10.22 Cr (net margin 2.9%) and EBITDA of ₹19.89 Cr (EBITDA margin 5.6%).
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹69.35 Cr and satisfied charges of ₹14 Cr on record.
Vaibhav Gems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0130779). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36997MH2022PTC380828
Registration Number 380828
Incorporation Date 19 April 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0130779
Key People
Bhavin Sureshchandra Shah Director Kavin Mukeshkumar Shah Director Riten Sureshkumar Shah Director Recognitions & Rankings of Vaibhav Gems
Contact details
Vaibhav Gems Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressDc 4142 A/B Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Vaibhav Gems Private Limited, buy the company report.
Comprehensive company report
Vaibhav 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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Business activity
The main business activity of Vaibhav Gems 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 Vaibhav Gems Private Limited, buy the company report.
Financials of Vaibhav Gems Private Limited
FY 2025 filings availableVaibhav Gems Private Limited reported revenue of ₹353 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹353 Cr ▼ 3%
Net profit · FY 2025
₹10.22 Cr margin 2.9%
EBITDA · FY 2025
₹19.89 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
EBITDA CAGR growth
1 year
▼ 23%
Revenue fell 3% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹19.89 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10.22 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.6% | ||
| Net Profit Margin | 2.9% | ||
| 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 Vaibhav Gems Private Limited, buy the company report.
Board of directors of Vaibhav Gems Private Limited
Vaibhav Gems has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavin Sureshchandra Shah Also directs: Vam Diam LLP | Director | 26 May 2022 | 4 Years 5 Months | Current |
| Kavin Mukeshkumar Shah Also directs: Vam Diam LLP | Director | 09 May 2022 | 4 Years 6 Months | Current |
| Riten Sureshkumar Shah | Director | 09 May 2022 | 4 Years 6 Months | Current |
| Dipen Sureshbhai Shah Also directs: Vaaman Technocrats LLP | Director | 09 May 2022 | 4 Years 6 Months | Current |
| Pradeepkumar Jayantilal Shah | Director | 19 Apr 2022 | 4 Years 6 Months | Current |
| Sureshchandra Amrutlal Shah | Director | 19 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Vaibhav 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 |
|---|---|---|---|---|---|---|
| Divine Hira Jewellers Limited | ₹358.97 Cr (FY 2025) | 96.0% | Mumbai, Maharashtra, India | |||
| Manak Jewellers Private Limited | ₹358.84 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| V M and Sons Jewellers Limited | ₹356.6 Cr (FY 2025) | 77.0% | Mumbai, Maharashtra, India | |||
| Vaibhav Gems Private Limitedthis company | ₹353 Cr (FY 2025) | ₹10.22 Cr | 2.9% | -3.0% | 8 | Mumbai, Maharashtra, India |
| Hiranya India Jewel Private Limited | ₹348.9 Cr (FY 2025) | 71.0% | Kokata, West Bengal, India | |||
| Sanghi Jewellers Private Limited | ₹345.77 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Vaibhav Gems Private Limited, buy the company report.
Auditor
Vaibhav Gems Private Limited is audited by PRADEEP K. SINGHI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRADEEP K. SINGHI & ASSOCIATES | FY 2023 | 126027W |
Charges & borrowings
Open charges
₹69.35 Cr
Satisfied charges
₹14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2025 | 101191809 | Others | ₹25 Lakh | Open | |
| 07 Mar 2025 | 101060004 | Others | ₹10 Lakh | Open | |
| 07 Mar 2025 | 101060010 | Others | ₹10 Lakh | Open | |
| 31 Jan 2023 | 100674627 | Others | ₹30 Cr | Open | |
| 19 Jul 2022 | 100598408 | Others | ₹38.9 Cr | Open |
To see the full charge records of Vaibhav Gems Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Vaibhav Gems 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 Vaibhav Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vaibhav Gems Private Limited has a workforce of 8 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
8
Active EPFO establishments
2
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 8 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vaibhav Gems Private Limited, buy the company report.
GST
Vaibhav Gems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICV6768M1ZD | Maharashtra | Active | 27 Apr 2022 |
| 24AAICV6768M1ZJ | Gujarat | Active | 23 Apr 2022 |
To see the full GST registrations and return filing status of Vaibhav Gems Private Limited, buy the company report.
Recent activity
Vaibhav Gems Private Limited has 11 board changes on record since 2022: 6 appointments and 5 cessations. The latest: Bhavin Sureshchandra Shah ceased to be Additional Director on 29 Dec 2023.
Charges
A charge with Others of Rs. 3,890.00 Lakh registered on 19 Jul 2022 with Charge ID 100598408 was modified on 22 Dec 2025.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 101191809 was registered on 20 Nov 2025.
AGM
Vaibhav Gems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vaibhav Gems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 101060004 was registered on 07 Mar 2025.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 101060010 was registered on 07 Mar 2025.
Charges
A charge registered on 01 Jun 2023 via Charge ID 100735193 with Yes Bank Limited was fully satisfied on 30 Jan 2025.
Ceased
Bhavin Sureshchandra Shah ceased to be Additional Director.
Ceased
Dhruvin Mukeshbhai Shah ceased to be Additional Director.
Ceased
Dipen Sureshbhai Shah ceased to be Additional Director.
Ceased
Kavin Mukeshkumar Shah ceased to be Additional Director.
Ceased
Riten Sureshkumar Shah ceased to be Additional Director.
11 earlier events are in the company report.
Frequently asked questions
Vaibhav 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 19 April 2022 (4+ years old) and is registered under CIN U36997MH2022PTC380828.
Vaibhav Gems has 6 current directors:
- Bhavin Sureshchandra Shah - Director
- Kavin Mukeshkumar Shah - Director
- Riten Sureshkumar Shah - Director
- Dipen Sureshbhai Shah - Director
- Pradeepkumar Jayantilal Shah - Director
- Sureshchandra Amrutlal Shah - Director
The latest financial statements of Vaibhav 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 FY 2023 are in the company report.
The GSTIN of Vaibhav Gems is 27AAICV6768M1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAICV6768M1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Vaibhav Gems is U36997MH2022PTC380828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaibhav Gems was incorporated on 19 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vaibhav Gems by revenue are Divine Hira Jewellers Limited, Manak Jewellers Private Limited, V M and Sons Jewellers Limited, Hiranya India Jewel Private Limited, Sanghi 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).
Bhavin Sureshchandra Shah ceased to be Additional Director on 29 Dec 2023. Dhruvin Mukeshbhai Shah ceased to be Additional Director on 29 Dec 2023. Dipen Sureshbhai Shah ceased to be Additional Director on 29 Dec 2023. Vaibhav Gems has 11 board changes on record in total.
Yes, Vaibhav Gems is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0130779).
The registered office of Vaibhav Gems is at Dc 4142 AB Bharat Diamond Bourse G Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051.
Vaibhav Gems operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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