Varada Diamonds Private Limited
About Varada Diamonds Private Limited
Data last updated:
Varada Diamonds Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 25 March 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC074399. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Kumarpal Jain and Nikita Jain.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Reliable Phoenix Towers No.16 & 16/1 2nd Floor Museum Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2017, the company reported a revenue of ₹12.49 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.03 Cr (net margin -24.3%) and EBITDA of -₹2.43 Cr (EBITDA margin -19.5%).
Court records list 24 cases involving the company, including 14 filed by the company and 10 filed against it; 6 cases are pending.
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- Registered AddressReliable Phoenix Towers No.16 & 16/1 2nd Floor Museum Road, Bangalore, Karnataka, India – 560001
- 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
Business Activity of Varada Diamonds Private Limited
The main business activity of Varada 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 Varada Diamonds Private Limited FY 2017 filings available
Varada Diamonds Private Limited reported revenue of ₹12.49 Cr (up 874% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Varada Diamonds Private Limited
Revenue rose 874% in the latest year. EBITDA fell 483% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Varada Diamonds Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹12.49 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹2.43 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.03 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 of Varada Diamonds Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -19.5% | •••• | •••• |
| Net Profit Margin | -24.3% | •••• | •••• |
| 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 Varada Diamonds 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 Varada Diamonds Private Limited
Varada 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 |
|---|---|---|---|---|---|---|
| Meadow Rural Enterprises Private Limited | ₹12.63 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Hosur, Tamil Nadu, India |
| Juniwal Diamond Private Limited | ₹12.57 Cr (FY 2024) | •••• | •••• | -38.0% | •••• | Kolkata, West Bengal, India |
| Fabula Trading Company Private Limited | ₹12.56 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Mumbai, Maharashtra, India |
| Manika Gold Private Limited | ₹12.55 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Saunay Jewels Private Limited | ₹12.5 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Palghar, Maharashtra, India |
| Varada Diamonds Private Limited this company | ₹12.49 Cr (FY 2017) | •••• | •••• | 874.0% | •••• | Bangalore, Karnataka, India |
| Fine Gems Export Pvt.Ltd. | ₹12.45 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Jaipur, Rajasthan, India |
| QG Technologies (India) Private Limited | ₹12.45 Cr (FY 2025) | •••• | •••• | 176.0% | •••• | Mumbai, Maharashtra, India |
| Karmas Legacy Private Limited | ₹12.41 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Noida, Uttar Pradesh, India |
| Senco Jewellery Palace Creations Private Limited | ₹12.4 Cr (FY 2017) | •••• | •••• | 20.0% | •••• | Kolkata, West Bengal, India |
| Charbhuja Pearls (India) Private Limited | ₹12.37 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Varada 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.
Auditor Details of Varada Diamonds Private Limited
Varada Diamonds Private Limited is audited by SURENDRAKAILASHAMLSALGIA for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURENDRAKAILASHAMLSALGIA | 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 Varada Diamonds Private Limited
Varada Diamonds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumarpal Jain | Director | 25 Mar 2014 | 12 Years 6 Months | As last reported |
| Nikita Jain | Director | 25 Mar 2014 | 12 Years 6 Months | As last reported |
Ownership and Shareholding of Varada Diamonds 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 Varada Diamonds Private Limited
Varada Diamonds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Varada Diamonds Private Limited
Varada Diamonds Private Limited has 24 court cases on record: 14 filed by Varada Diamonds, 10 filed against it. 6 cases are pending and 18 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 8 | 2 |
| High courts | 6 | 2 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Arbitration matter | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Pending |
| High Court of Karnataka | Arbitration matter | Filed by the company against an individual | Pending |
Full case history
All 24 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Varada Diamonds Private Limited
Employment history and EPFO contributions of people linked to Varada 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 Varada Diamonds Private Limited
Varada Diamonds Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Kumarpal Jain was appointed as Director on 25 Mar 2014.
Credit Ratings, Litigation & Regulatory Alerts for Varada 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 Varada 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 Varada 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 Varada Diamonds Private Limited
Varada Diamonds has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Varada 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.
Frequently Asked Questions about Varada Diamonds Private Limited
Varada Diamonds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Varada Diamonds was a private limited company based in Bangalore, Karnataka, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 25 March 2014 and is registered under CIN U74900KA2014PTC074399. The company has been struck off by the Registrar of Companies and is no longer operational.
Varada Diamonds had 2 directors:
- Kumarpal Jain - Director
- Nikita Jain - Director
The CIN (Corporate Identification Number) of Varada Diamonds is U74900KA2014PTC074399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varada Diamonds is at Reliable Phoenix Towers No.16 & 161 2nd Floor Museum Road, Bangalore, Karnataka, India – 560001.
Varada Diamonds was incorporated on 25 March 2014. It is registered with the Registrar of Companies, Bangalore.
Varada Diamonds reported revenue of ₹12.49 Cr for FY 2017 (up 874% YoY).
Varada Diamonds has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Varada Diamonds reported a net loss of ₹3.03 Cr (net margin -24.3%) and EBITDA of -₹2.43 Cr (EBITDA margin -19.5%) for FY 2017, as per its filed financial statements.
No. Varada Diamonds has 2 GST registrations on record and all of them are cancelled or inactive.
Varada Diamonds operated in the consumer goods industry, in the watches and jewelry manufacturing segment. It worked in this industry before it was struck off.