About V-Gold (India) Private Limited
Data last updated:
V-Gold (India) 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 06 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36910MH2004PTC146101. Its GSTIN is 27AABCV8669A1Z5 (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.2 Lakh. It is led by directors including Subhash Indermal Jain and Indermal Nathulalji Jain.
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 Tripati Bhuvan No 2 Aarey Road Goregaon (W), Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2025, the company reported a revenue of ₹120.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.39 Cr (net margin 2.8%) and EBITDA of ₹4.94 Cr (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 201% over three years and 90% over five years.
As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vgoldindia.com.
Company details
Contact details
V-Gold (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is vgoldindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTripati Bhuvan No 2 Aarey Road Goregaon (W), Mumbai, Maharashtra, India – 400062
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of V-Gold (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-Gold (India) 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 V-Gold (India) Private Limited, buy the company report.
Financials of V-Gold (India) Private Limited
FY 2025 filings availableV-Gold (India) Private Limited reported revenue of ₹120.56 Cr (up 2996% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 90% over five years. EBITDA rose 789% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.39 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 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | 2.8% | ||||
| 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 V-Gold (India) Private Limited, buy the company report.
Board of directors of V-Gold (India) Private Limited
V-Gold (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Indermal Jain Also directs: Tgif Studios LLP, Sudopan LLP | Director | 06 May 2004 | 22 Years 5 Months | Current |
| Indermal Nathulalji Jain Also directs: Shree Mahavir Mewad Complex Limited | Director | 06 May 2004 | 22 Years 5 Months | Current |
| Vidya Subhash Jain | Director | 01 Aug 2010 | 16 Years 3 Months | Current |
Peer comparison
V-Gold (India) Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Desai Jewellers Private Limited | ₹122.33 Cr (FY 2025) | 40.0% | Sankrail, West Bengal, India | |||
| K R B S Jewelery Private Limited | ₹121.59 Cr (FY 2025) | 16.0% | Tirupur, Tamil Nadu, India | |||
| Pure Dia-Jewel Private Limited | ₹120.81 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Avp Star Private Limited | ₹120.68 Cr (FY 2025) | 33.0% | Surat, Gujarat, India | |||
| V-Gold (India) Private Limitedthis company | ₹120.56 Cr (FY 2025) | ₹3.39 Cr | 2.8% | 2996.0% | Mumbai, Maharashtra, India | |
| Geeta Shyam Jewellers Private Limited | ₹120.43 Cr (FY 2025) | 4.0% | Jaipur, Rajasthan, India | |||
| Mamtha Jewellers Private Limited | ₹119.98 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Roopshree Jewellers Pvt. Ltd. | ₹119.54 Cr (FY 2025) | 28.0% | Kolkata, West Bengal, India | |||
| Sidds Jewels Private Limited | ₹119.12 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of V-Gold (India) Private Limited, buy the company report.
Auditor
V-Gold (India) Private Limited is audited by CHANCHAL BHANDARI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANCHAL BHANDARI | FY 2023 | 100819 |
Shareholding
The shareholding of V-Gold (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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of V-Gold (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2025 | 101181644 | Others | ₹15 Cr | Open |
Total charge records: 1 View all charges
Legal cases
V-Gold (India) Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Mumbai Municipal Corporation P-South Ward | Disposed |
To see the full case history of V-Gold (India) Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for V-Gold (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
V-Gold (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV8669A1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V-Gold (India) Private Limited, buy the company report.
Recent activity
V-Gold (India) Private Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Jhamkubai Indermal Jain ceased to be Director on 15 Oct 2013.
Frequently asked questions
V-Gold (India) 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 06 May 2004 (22+ years old) and is registered under CIN U36910MH2004PTC146101.
V-Gold (India) has 3 current directors:
- Subhash Indermal Jain - Director
- Indermal Nathulalji Jain - Director
- Vidya Subhash Jain - Director
The latest financial statements of V-Gold (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-Gold (India) is 27AABCV8669A1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of V-Gold (India) is U36910MH2004PTC146101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V-Gold (India) has 1 court case on record: 1 filed against it.
V-Gold (India) was incorporated on 06 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of V-Gold (India) by revenue are Desai Jewellers Private Limited, K R B S Jewelery Private Limited, Pure Dia-Jewel Private Limited, Avp Star Private Limited, Geeta Shyam Jewellers Private Limited and 3 more, 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).
Jhamkubai Indermal Jain ceased to be Director on 15 Oct 2013. Jhamkubai Indermal Jain was appointed as Director on 01 Aug 2010. Vidya Subhash Jain was appointed as Director on 01 Aug 2010. V-Gold (India) has 5 board changes on record in total.
V-Gold (India) can be reached through the website vgoldindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of V-Gold (India) is at Tripati Bhuvan No 2 Aarey Road Goregaon W, Mumbai, Maharashtra, India – 400062.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
