Vithal Gems Private Limited
About Vithal Gems Private Limited
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Vithal Gems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Vithal Trading Company Ltd (Japan). It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 28 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH2013PTC247595. Its GSTIN is 27AAECV5637M1ZR (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Jayesh Narottam Bhatt and Bhavesh Bharatkumar Bhavsar.
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 2024, the company reported a revenue of ₹81.09 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹13.76 Lakh (net margin 17%) and EBITDA of ₹19.04 Lakh (EBITDA margin 23.5%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vithal Gems Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressJe – 6210 Bharat Diamond Bourse G Block Bandrakurla Complex Opp Nabard Headoffic, E Bandra E, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Vithal Gems 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 Vithal Gems 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 Vithal Gems Private Limited, buy the company report.
Financials of Vithal Gems Private Limited
FY 2025 filings availableVithal Gems Private Limited reported revenue of ₹81.09 Lakh (down 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 37% fall in the latest year. EBITDA fell 30% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19.04 Lakh | ||||
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| Net Profit (PAT) | ₹13.76 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 23.5% | ||||
| Net Profit Margin | 17% | ||||
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To see the full financial statements and ratios of Vithal Gems Private Limited, buy the company report.
Board of directors of Vithal Gems Private Limited
Vithal Gems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Narottam Bhatt | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
| Bhavesh Bharatkumar Bhavsar | Director | 19 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Vithal Gems Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| M Shashikant Exports Limited | ₹81.27 Lakh (FY 2025) | -23.0% | Mumbai, Maharashtra, India | |||
| Vithal Gems Private Limitedthis company | ₹81.09 Lakh (FY 2024) | ₹13.76 Lakh | 17% | -37.0% | Mumbai, Maharashtra, India | |
| Aadithya Gold Buyers Private Limited | ₹81.02 Lakh (FY 2023) | Bangalore, Karnataka, India | ||||
| Ubest Gold Private Limited | ₹80.12 Lakh (FY 2021) | Gurugram, Haryana, India |
To see the full peer comparison of Vithal Gems Private Limited, buy the company report.
Auditor
Vithal Gems Private Limited is audited by G K CHOKSI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G K CHOKSI & CO | FY 2019 | 125442W |
Shareholding
The shareholding of Vithal Gems Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vithal Gems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vithal 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 Vithal Gems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vithal Gems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV5637M1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vithal Gems Private Limited, buy the company report.
Recent activity
Vithal Gems Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Vikas Khemka ceased to be Director on 30 Aug 2022.
Frequently asked questions
Vithal Gems is an active 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 28 August 2013 (13+ years old) and is registered under CIN U36912MH2013PTC247595.
Vithal Gems has 2 current directors:
- Jayesh Narottam Bhatt - Director
- Bhavesh Bharatkumar Bhavsar - Director
The latest financial statements of Vithal 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 2015 are in the company report.
The GSTIN of Vithal Gems is 27AAECV5637M1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vithal Gems is U36912MH2013PTC247595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vithal Gems was incorporated on 28 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vithal Gems by revenue are M Shashikant Exports Limited, Aadithya Gold Buyers Private Limited, Ubest Gold Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Vikas Khemka ceased to be Director on 30 Aug 2022. Bhavesh Bharatkumar Bhavsar ceased to be Additional Director on 29 Aug 2022. Bhavesh Bharatkumar Bhavsar was appointed as Director on 19 Aug 2022. Vithal Gems has 6 board changes on record in total.
The registered office of Vithal Gems is at Je – 6210 Bharat Diamond Bourse G Block Bandrakurla Complex Opp Nabard Headoffic, E Bandra E, Mumbai, Maharashtra, India – 400051.
Vithal Gems operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
The compliance status of Vithal Gems is compliant as of 25 August 2026. The company is actively filing with the Registrar of Companies.