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Kalamandir Jewellers Limited
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Registered Details

KALAMANDIR JEWELLERS LIMITED

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Gujarat ›

Construction ›

Active

Updated: 08 Jun 2026

Kalamandir Jewellers Limited is a regional retail jewelry company that specializes in designing, manufacturing, and selling a wide range of gold, diamond, and gemstone jewelry. With a focus on quality craftsmanship and unique designs, it serves diverse customer needs across India, providing an extensive selection of traditional and contemporary pieces.

Kalamandir Jewellers Limited, is an unlisted public company incorporated on 21 May, 2009. It is classified as a public limited company and is located in , Gujarat. It's authorized share capital is INR 50.00 cr and the total paid-up capital is INR 32.64 cr.

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Industry and products

Construction

Bangeles, Mangalsutra, Earring, Braceletes, Chain, Diamond, Necklace, earring., Ring

Company size

Auth Capital

₹ 50.0 Cr

Paidup Capital

₹ 32.6 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

77.75%

₹ 5,934.3

EBITDA

101.7%

₹ 241.6

Net Profit

142.11%

₹ 126.1

Networth

24.2%

₹ 406.5

Borrowings

38.93%

₹ 535.2

Assets

26.95%

₹ 1,369.2

Gross Margin

-3.72

6.7 %

Operating Margin

0.48

4.1 %

Net Profit Margin

0.56

2.1 %

Return on Equity

15.1

31.0 %

ROCE

15.45

36.6 %

Debt to Equity

0.14

1.3

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (9)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Mohanlal Bhimraj Shah Shareholder	02778049	17 years
Whole-time Director	Milan Mohanlal Shah Shareholder	02109317	16 years
Whole-time Director	Sharadkumar Mohanlal Shah Shareholder	02604653	17 years
Whole-time Director	Rajeshkumar Mohanbhai Shah Shareholder	02604727	17 years
Director	Amrita D C Nautiyal	00123512	1 years
Director	Mragank Jain	02489895	1 years
Director	Arun Brijmohan Kanodiya	03449000	1 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,148.6	1,696.1	2,209.8	3,338.5	5,929.6
Operating profit	89.5	71.8	56.7	119.8	241.6
Net profit	44.7	44.5	28.0	52.1	126.1
Gross margin	15.9	12.0	10.3	10.5	6.7
Operating margin	7.8	4.2	2.6	3.6	4.1
Net margin	3.9	2.6	1.3	1.6	2.1
Networth	207.6	248.0	275.8	327.3	406.5
Borrowings	89.5	156.1	205.3	385.2	535.2
Assets	385.8	456.2	580.0	1,078.5	1,369.2
Debt to equity	0.4	0.6	0.7	1.2	1.3
Current ratio	2.2	2.2	1.8	1.4	1.4
ROE	21.5	17.9	10.1	15.9	31.0
Days payable	30.0	6.0	14.0	22.0	15.0
WC days	59.0	47.0	35.0	23.0	17.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.3	1.3	1.3	1.3	1.3
Reserves	206.4	246.7	274.6	326.0	405.2
Borrowings +	89.5	156.1	205.3	385.2	535.2
Long term borrowings	26.0	19.6	35.7	34.7	73.7
Short term borrowings	63.5	136.5	169.6	350.6	461.5
Trade payables +	80.7	25.8	73.8	183.9	233.5
Days payable	30.0	6.0	14.0	22.0	15.0
Other liabilities +	7.9	26.3	25.1	182.1	194.0
Other non-current liabilities	1.9	8.5	7.2	147.9	133.0
Other current liabilities	6.0	17.8	17.9	34.2	61.0
Total liabilities	385.8	456.2	580.0	1,078.5	1,369.2
Fixed Assets +	47.8	54.8	101.7	279.2	318.4
Tangible assets	47.8	54.8	101.7	245.3	217.7
CWIP	-	-	-	33.4	99.5
Intangible assets	-	-	-	0.4	1.3
LT loans and advances	0.9	-	-	-	-
Other non-current assets	1.4	4.2	5.4	17.9	21.8
Current assets +	335.7	397.2	472.9	781.4	1,029.0
Inventories	310.6	376.4	453.5	757.6	944.4
Trade receivables	4.1	2.6	4.5	3.5	8.3
Cash and cash equivalents	5.8	6.6	3.5	7.4	12.2
ST loans and advances	13.8	0.9	1.5	1.6	1.4
Other current assets	1.4	10.8	9.9	11.2	62.7
Total assets	385.8	456.2	580.0	1,078.5	1,369.2

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.33	0.28	0.22	0.12	0.09
Reserves	53.5	54.09	47.34	30.23	29.59
Borrowings +	23.2	34.22	35.4	35.72	39.09
Long term borrowings	6.74	4.3	6.16	3.21	5.38
Short term borrowings	16.46	29.92	29.25	32.51	33.71
Trade payables	20.92	5.66	12.72	17.05	17.06
Other liabilities +	2.05	5.76	4.33	16.88	14.17
Other non-current liabilities	0.49	1.86	1.25	13.71	9.71
Other current liabilities	1.56	3.9	3.08	3.17	4.45
Total liabilities
Fixed Assets +	12.38	12.01	17.53	25.89	23.26
Tangible assets	12.38	12.01	17.53	22.75	15.9
CWIP	0.0	0.0	0.0	3.1	7.27
Intangible assets	0.0	0.0	0.0	0.04	0.09
LT loans and advances	0.22	0.0	0.0	0.0	0.0
Other non-current assets	0.37	0.91	0.94	1.66	1.59
Current assets +	87.03	87.07	81.53	72.45	75.15
Inventories	80.52	82.5	78.19	70.25	68.97
Trade receivables	1.07	0.56	0.77	0.33	0.61
Cash and cash equivalents	1.51	1.45	0.6	0.69	0.89
ST loans and advances	3.58	0.19	0.26	0.15	0.1
Other current assets	0.35	2.37	1.71	1.04	4.58
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,148.6	1,696.1	2,209.8	3,338.5	5,929.6
Sales growth %	-11.59	47.67	30.29	51.08	77.61
Expenses +	1,088.6	1,638.3	2,173.7	3,269.4	5,763.2
Cost of goods	966.0	1,493.2	1,982.5	2,989.2	5,529.6
Employee cost	64.3	109.3	141.1	177.9	78.8
Other costs	28.7	21.8	29.4	51.7	79.5
Operating profit +	89.5	71.8	56.7	119.8	241.6
Operating margin %	7.8	4.2	2.6	3.6	4.1
Other income	1.0	1.5	1.1	0.1	4.8
Interest	26.3	9.2	13.9	35.0	50.2
Depreciation	3.3	4.7	6.7	15.6	25.0
Exceptional items	-	-	-	-	-
Profit before tax	60.9	59.4	37.2	69.3	171.1
Tax	16.2	14.9	9.2	17.2	45.1
Profit - disc. ops	-	-	-	-	-
Net profit	44.7	44.5	28.0	52.1	126.1
Net margin %	3.9	2.6	1.3	1.6	2.1

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	99.91	99.91	99.95	100.0	99.92
Expenses +	94.7	96.5	98.32	97.92	97.12
Cost of goods	84.04	87.96	89.67	89.53	93.18
Employee cost	5.6	6.44	6.38	5.33	1.33
Other costs	2.49	1.28	1.33	1.55	1.34
Operating profit	7.79	4.23	2.57	3.59	4.07
Other income	0.09	0.09	0.05	0.0	0.08
Interest	2.29	0.54	0.63	1.05	0.85
Depreciation	0.29	0.28	0.3	0.47	0.42
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	5.3	3.5	1.68	2.08	2.88
Tax	1.41	0.88	0.42	0.52	0.76
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	3.89	2.62	1.27	1.56	2.12

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.4	0.6	0.7	1.2	1.3
Net Debt/Equity	0.4	0.6	0.7	1.1	1.3
Total Debt/Assets	0.2	0.3	0.3	0.4	0.4
Total Assets/Equity	1.9	1.8	2.1	3.3	3.4
Liquidity +
Current Ratio	2.2	2.2	1.8	1.4	1.4
Quick Ratio	0.2	0.1	0.1	0.0	0.1
Interest Coverage	3.4	7.8	4.1	3.4	4.8
Performance
Gross Margin	15.9	12.0	10.3	10.5	6.7
Operating Margin	7.8	4.2	2.6	3.6	4.1
Net Margin	3.9	2.6	1.3	1.6	2.1
Return +
Return on Equity	21.5	17.9	10.1	15.9	31.0
Pre-tax ROCE	37.0	24.7	16.0	21.2	36.6
Return on Assets	11.6	9.7	4.8	4.8	9.2
Pre-tax ROIC	29.6	16.9	10.5	14.8	23.3
Efficiency +
Days Payable	30.0	6.0	14.0	22.0	15.0
Days Inventory	117.0	92.0	83.0	93.0	62.0
Days Receivable	1.0	1.0	1.0	0.0	1.0
Fixed Asset Turnover	24.1	30.9	21.7	12.0	18.6
Total Asset Turnover	3.0	3.7	3.8	3.1	4.3
Working Capital
Cash Conversion Cycle	88.0	87.0	70.0	71.0	48.0
Working Capital Days	59.0	47.0	35.0	23.0	17.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 3

Total Amount : 606.0 cr

Yes Bank Limited

No. of Loans: 2

Total Amount : 250.0 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 135.0 cr

The Federal Bank Limited

No. of Loans: 1

Total Amount : 65.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED

No. of Loans: 1

Total Amount : 0.1 cr

Charge Holder	Amount	Date of creation/modification
ICICI Bank Limited	135.0 cr	27 Oct, 2025
The Federal Bank Limited	65.0 cr	31 May, 2025
Axis Bank Limited	50.0 cr	29 May, 2025
Yes Bank Limited	125.0 cr	01 May, 2025
HDFC Bank Limited	290.0 cr	29 Mar, 2025
HDFC Bank Limited	290.0 cr	25 Mar, 2025
Yes Bank Limited	125.0 cr	20 Sep, 2024
MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED	0.1 cr	31 Aug, 2024
HDFC Bank Limited	26.0 cr	29 Mar, 2021

Charges

HDFC Bank Limited

Yes Bank Limited

ICICI Bank Limited

The Federal Bank Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
GANDHAR OIL REFINERY (INDIA) LIMITED	Active	19.6 Cr	1	Maharashtra
LITTLE INTERNET PRIVATE LIMITED	Active	22.4 Cr	1	Delhi
RIVERSIDE INDUSTRIES LIMITED	Active	6.2 Cr	1	Maharashtra
CIPLA HEALTH LIMITED	Active	2.3 Cr	1	Maharashtra
RELIANCE ASSET RECONSTRUCTION COMPANY LIMITED	Active	100.0 Cr	1	Maharashtra
MATIX FERTILISERS AND CHEMICALS LIMITED	Active	2,215.5 Cr	1	West Bengal
JAY PRECISION PHARMACEUTICALS PRIVATE LIMITED	Active	4.0 Cr	1	Maharashtra
GANDHAR OIL REFINERY (INDIA) LIMITED	Active	19.6 Cr	1	Maharashtra
MEDIFORALL PRIVATE LIMITED	Active	1.0 L	1	Gujarat
CHAHAT DEVELOPERS LLP	Active	1.0 L	1	Gujarat
WESTGROVE ENTERPRISE LLP	Strike Off	1.0 L	1	Gujarat
BRILLIANT LABGROWN PRIVATE LIMITED	Active	1.0 L	2	Gujarat
KALAMANDIR WELFARE FOUNDATION	Active	1.0 L	2	Gujarat
SVARAA JEWELLERS PRIVATE LIMITED	Active	1.0 L	1	Gujarat
SVARAA E-COMMERCE JEWELCART PRIVATE LIMITED	Active	1.0 L	1	Gujarat
MOEVING TURBO CHARGE PRIVATE LIMITED	Active	1.0 L	1	Delhi
RMK LAB GROWN DIAMONDS LLP	Active	30.0 L	1	ja
HARYANA PETROCHEMICALS LIMITED	Active	53.8 Cr	1	Haryana
AETHER INDUSTRIES LIMITED	Active	132.6 Cr	1	Gujarat

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
BRILLIANT LABGROWN PRIVATE LIMITED	Gujarat	2024	₹ 1.0 L
SVARAA E-COMMERCE JEWELCART PRIVATE LIMITED	Gujarat	2019	₹ 1.0 L

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Registered Details

CIN

U45100GJ2009PLC143790

PAN

AADCK6700F

Incorporation

2009, 17.1 years

Company Email

cs[at]kalamandirltd[dot]com

Paid up Capital

₹ 32.6 Cr

Authorised Capital

₹ 50.0 Cr

AGM

Sep 2025

Type

Public

Others

FAQ - KALAMANDIR JEWELLERS LIMITED

What is the incorporation date of KALAMANDIR JEWELLERS LIMITED?

The incorporation date of KALAMANDIR JEWELLERS LIMITED is 21 May, 2009

What is the authorized share capital of KALAMANDIR JEWELLERS LIMITED?

The authorized share capital of KALAMANDIR JEWELLERS LIMITED is INR ₹ 50.0 Cr.

What is the paid-up capital of KALAMANDIR JEWELLERS LIMITED?

The paid-up capital of KALAMANDIR JEWELLERS LIMITED is INR ₹ 32.6 Cr.

What is the registered address of KALAMANDIR JEWELLERS LIMITED?

The registered address of KALAMANDIR JEWELLERS LIMITED is PLOT NO. 124, GR TO 3RD FLOOR, KALAMANDIR BLDG, GHOD DOD ROAD, ATHWALINES, SURAT, CHORIYASI, Umra, Surat, Surat, Gujarat, India, 395007 - 395007

What is the CIN number of KALAMANDIR JEWELLERS LIMITED?

The CIN number of KALAMANDIR JEWELLERS LIMITED is U45100GJ2009PLC143790.

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