About Vishal Diamonds Private Limited
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Vishal Diamonds 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 25 April 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH1980PTC022565.
The company has an authorised share capital of ₹19.6 Cr and a paid-up capital of ₹18.82 Cr. It is led by directors Rashesh Bharat Shah and Rajiv Bharat 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 Plaza Panchsil 11th Floor 55 Gamdevi Hughes Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.39 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹3.04 Cr (net margin -364.4%) and EBITDA of -₹1.94 Cr (EBITDA margin -232.9%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 16% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹55.4 Cr and satisfied charges of ₹378.66 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vishaldiamonds.com.
Company details
Contact details
Vishal Diamonds Private Limited's registered office is in Mumbai, Maharashtra. Its website is vishaldiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlaza Panchsil 11th Floor 55 Gamdevi Hughes Road, Mumbai, Maharashtra, India – 400007
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Vishal Diamonds 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 Vishal Diamonds 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 |
Financials of Vishal Diamonds Private Limited
FY 2025 filings availableVishal Diamonds Private Limited reported revenue of ₹83.39 Lakh (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 80% fall in the latest year. EBITDA fell 301% 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 | -₹1.94 Cr | ||||
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| Net Profit (PAT) | -₹3.04 Cr | ||||
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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 | -232.9% | ||||
| Net Profit Margin | -364.4% | ||||
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To see the full financial statements and ratios of Vishal Diamonds Private Limited, buy the company report.
Board of directors of Vishal Diamonds Private Limited
Vishal Diamonds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashesh Bharat Shah | Director | 01 Apr 2003 | 23 Years 7 Months | Current |
| Rajiv Bharat Shah | Director | 22 Jan 2001 | 25 Years 9 Months | Current |
Auditor
Vishal Diamonds Private Limited is audited by SAILESH PRATAPSINH KAPADIA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAILESH PRATAPSINH KAPADIA | FY 2022 | 040584 |
Shareholding
The shareholding of Vishal Diamonds Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vishal Diamonds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2022 | 100620990 | Others | ₹47 Cr | Open | |
| 24 Feb 1996 | 90217987 | The Vysya Bank Ltd. | ₹8.4 Cr | Open | |
| 19 Apr 1999 | 90218249 | Bank of India | ₹175 Cr | Satisfied | |
| 02 Aug 1996 | 90216231 | Bank of India | ₹175 Cr | Satisfied | |
| 20 Feb 1996 | 90219027 | Corporation Bank | ₹2.57 Cr | Satisfied |
To see the full charge records of Vishal Diamonds Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Vishal Diamonds 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 Vishal Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vishal Diamonds has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Plaza Panchsil Properties Private Limited | U45200MH1984PTC032732 | |
| Rhiday Diamond Mines Private Limited | U52393MH2001PTC131725 | |
| Prime Downtown Estates Pvt Ltd | U70101MH1988PTC048702 |
To see the full group structure of Vishal Diamonds Private Limited, buy the company report.
GST
No GST registration is on our record for Vishal Diamonds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vishal Diamonds Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Bharat Shantilal Shah ceased to be Director on 01 Oct 2022.
16 earlier events are in the company report.
Frequently asked questions
Vishal Diamonds 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 25 April 1980 (46+ years old) and is registered under CIN U36912MH1980PTC022565.
Vishal Diamonds has 2 current directors:
- Rashesh Bharat Shah - Director
- Rajiv Bharat Shah - Director
The latest financial statements of Vishal Diamonds 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 CIN (Corporate Identification Number) of Vishal Diamonds is U36912MH1980PTC022565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishal Diamonds was incorporated on 25 April 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
Bharat Shantilal Shah ceased to be Director on 01 Oct 2022. Bina Bharat Shah ceased to be Director on 29 Aug 2011. Rashesh Bharat Shah was appointed as Director on 01 Apr 2003. Vishal Diamonds has 4 board changes on record in total.
Vishal Diamonds can be reached through the website vishaldiamonds.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vishal Diamonds is at Plaza Panchsil 11th Floor 55 Gamdevi Hughes Road, Mumbai, Maharashtra, India – 400007.
Vishal Diamonds operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
Vishal Diamonds has open charges of ₹55.4 Cr and satisfied charges of ₹378.66 Cr as per latest MCA filings.
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