About Zar Jewels Private Limited
Data last updated:
Zar Jewels 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 21 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2007PTC173317. Its GSTIN is 27AADCR7143K1Z3 (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹15 Lakh. It was formerly known as R. G. Bangle Private Limited. It is led by directors including Girdhar Gurmukhdas Takhtani and Devesh Vijay Takhtani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Grnd Floor Peninsula Spenta Mathuradas Mill Comp N M Joshi Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹967.73 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹14.3 Cr (net margin 1.5%) and EBITDA of ₹33.15 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 241 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zar Jewels. As per MCA filings, the company has open charges of ₹154.51 Cr and satisfied charges of ₹92.96 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹13 Lakh; the latest was in December 2012. Its 5 peer companies 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) are compared by revenue, 1 larger and 4 smaller; the largest is Veer Jewellers Private Limited with revenue of ₹1,003.16 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zarjewels.com.
Company details
Contact details
Zar Jewels Private Limited's registered office is in Mumbai, Maharashtra. Its website is zarjewels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGrnd Floor Peninsula Spenta Mathuradas Mill Comp N M Joshi Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Zar Jewels 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
Brands
Zar Jewels operates one associated brand: Zar Jewels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gold bangle manufacturing and jewelry design in India. | zarjewels.com |
Business activity
The main business activity of Zar Jewels 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 Zar Jewels Private Limited, buy the company report.
Financials of Zar Jewels Private Limited
FY 2024 filings availableZar Jewels Private Limited reported revenue of ₹967.73 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 11% growth in the latest year. EBITDA fell 7% 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 | ₹33.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Zar Jewels Private Limited, buy the company report.
Board of directors of Zar Jewels Private Limited
Zar Jewels has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girdhar Gurmukhdas Takhtani | Director | 21 Aug 2007 | 19 Years 2 Months | Current |
| Devesh Vijay Takhtani | Director | 09 May 2013 | 13 Years 6 Months | Current |
| Manik Manoj Takhtani Also directs: Zar Realty Private Limited | Director | 09 May 2013 | 13 Years 6 Months | Current |
| Tarun Mukesh Takhtani Also directs: Zar Realty Private Limited | Director | 03 Dec 2012 | 13 Years 11 Months | Current |
| Bharat Vijay Takhtani Also directs: Zar Realty Private Limited | Director | 09 May 2013 | 13 Years 6 Months | Current |
Peer comparison
Zar Jewels 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 |
|---|---|---|---|---|---|---|
| Veer Jewellers Private Limited | ₹1,003.16 Cr (FY 2025) | 83.0% | Mumbai, Maharashtra, India | |||
| Zar Jewels Private Limitedthis company | ₹967.73 Cr (FY 2025) | ₹14.3 Cr | 1.5% | 11.0% | 241 | Mumbai, Maharashtra, India |
| Anabh Gems Private Limited | ₹965.34 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Surya Golds Private Limited | ₹961.94 Cr (FY 2025) | 61.0% | Mumbai, Maharashtra, India | |||
| Uni Design Elite Jewellery Private Limited | ₹955.4 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Sethi Jewels Private Limited | ₹908.21 Cr (FY 2025) | 44.0% | Delhi, India |
To see the full peer comparison of Zar Jewels Private Limited, buy the company report.
Auditor
Zar Jewels Private Limited is audited by M H JAIN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M H JAIN & CO | FY 2023 | 113491W |
Shareholding
The shareholding of Zar Jewels 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 Zar Jewels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2024 | 101001997 | Others | ₹15 Lakh | Open | |
| 16 Oct 2024 | 101017007 | Others | ₹1.34 Cr | Open | |
| 24 Sep 2024 | 100997170 | Others | ₹20 Cr | Open | |
| 23 Sep 2024 | 100983472 | Hdfc Bank Limited | ₹2.65 Cr | Open | |
| 23 Sep 2024 | 100983470 | Hdfc Bank Limited | ₹6.28 Cr | Open |
To see the full charge records of Zar Jewels Private Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Zar Jewels Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹13 Lakh; the latest was in December 2012.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Funding round | ₹13 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zar Jewels Private Limited has 2 court cases on record: 1 filed by Zar Jewels, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Zar Jewels 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.
Credit ratings & regulatory alerts
Zar Jewels Private Limited was last rated by Brickwork on 21 Feb 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Feb 2019 |
To see the full credit ratings and regulatory alerts of Zar Jewels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Zar Jewels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Zar Jewels Private Limited has a workforce of 241 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 241 |
| 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 Zar Jewels Private Limited, buy the company report.
GST
Zar Jewels has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR7143K1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zar Jewels Private Limited, buy the company report.
Recent activity
Zar Jewels Private Limited has 10 board changes on record since 2007: 5 appointments and 5 cessations. The latest: Bharat Vijay Takhtani ceased to be Additional Director on 28 Sep 2013.
42 earlier events are in the company report.
Frequently asked questions
Zar Jewels 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 21 August 2007 (19+ years old) and is registered under CIN U36911MH2007PTC173317.
Zar Jewels has 5 current directors:
- Girdhar Gurmukhdas Takhtani - Director
- Devesh Vijay Takhtani - Director
- Manik Manoj Takhtani - Director
- Tarun Mukesh Takhtani - Director
- Bharat Vijay Takhtani - Director
The latest financial statements of Zar Jewels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Zar Jewels is 27AADCR7143K1Z3, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Zar Jewels is U36911MH2007PTC173317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zar Jewels has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Zar Jewels was incorporated on 21 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Zar Jewels has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹13 Lakh; the latest was in December 2012.
The peers of Zar Jewels by revenue are Veer Jewellers Private Limited, Anabh Gems Private Limited, Surya Golds Private Limited, Uni Design Elite Jewellery Private Limited, Sethi Jewels 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).
Bharat Vijay Takhtani ceased to be Additional Director on 28 Sep 2013. Devesh Vijay Takhtani ceased to be Additional Director on 28 Sep 2013. Manik Manoj Takhtani ceased to be Additional Director on 28 Sep 2013. Zar Jewels has 10 board changes on record in total.
Zar Jewels can be reached through the website zarjewels.com. Its registered office is in Mumbai, Maharashtra, India.
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