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Kiran Gems
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Registered Details

KIRAN GEMS PRIVATE LIMITED

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Maharashtra ›

General Manufacturing ›

Active

Updated: 11 Sep 2026

Kiran Gems Private Limited is a leading manufacturer and exporter in the diamond and jewelry industry, primarily serving a global market. The company specializes in a wide range of diamond products including polished diamonds, diamond jewelry, and customization services, addressing the needs of jewelers and retailers while emphasizing quality and precision in every piece.

Kiran Gems Private Limited, is an unlisted private company incorporated on 14 September, 2007. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 71.00 cr and the total paid-up capital is INR 21.17 cr.

Subscription Plans

Industry and products

Manufacturing (Others)

diamonds and precious stones

Company size

Auth Capital

₹ 71.0 Cr

Paidup Capital

₹ 21.2 Cr

Revenue

₹ >5000 cr

Key Metrics

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

Total Revenue

-20.49%

₹ 10,145.6

EBITDA

-67.81%

₹ 136.0

Net Profit

-82.76%

₹ 36.2

Networth

1.78%

₹ 5,788.3

Borrowings

-95.45%

₹ 70.6

Assets

-21.76%

₹ 7,356.3

Gross Margin

-0.99

15.6 %

Operating Margin

-1.99

1.3 %

Net Profit Margin

-1.28

0.4 %

Return on Equity

-3.07

0.6 %

ROCE

-4.71

1.3 %

Debt to Equity

-0.26

0.0

Sales

Mar 2025

Net worth

Mar 2025

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₹ 799
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** Reports & MCA filings will be based on the latest available financials.

** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.

Locations

India (23)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Mavjibhai Shamjibhai Patel Shareholder	00147902	19 years
Director	Dinesh Mavjibhai Lakhani Shareholder	01833349	19 years
Director	Babubhai Shamjibhai Lakhani Shareholder	00091766	19 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Sales	7,763.0	9,697.6	16,715.3	12,687.9	10,110.7
Operating profit	282.7	570.5	1,376.2	422.4	136.0
Net profit	236.3	756.6	865.4	209.8	36.2
Gross margin	19.2	16.5	20.2	16.5	15.6
Operating margin	3.6	5.9	8.2	3.3	1.3
Net margin	3.0	7.4	5.2	1.6	0.4
Networth	2,988.5	3,470.0	5,476.9	5,686.8	5,788.3
Borrowings	1,305.8	2,064.5	2,011.6	1,550.9	70.6
Assets	6,259.4	7,055.5	10,316.3	9,402.9	7,356.3
Debt to equity	0.4	0.6	0.4	0.3	0.0
Current ratio	1.7	1.8	2.0	2.4	4.1
ROE	7.9	21.8	15.8	3.7	0.6
Days payable	97.0	59.0	74.0	59.0	34.0
WC days	107.0	106.0	105.0	147.0	175.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	21.0	21.0	21.0	21.0	21.2
Reserves	2,967.5	3,449.1	5,455.9	5,665.8	5,767.1
Borrowings +	1,305.8	2,064.5	2,011.6	1,550.9	70.6
Long term borrowings	-	16.3	-	-	-
Short term borrowings	1,305.8	2,048.2	2,011.6	1,550.9	70.6
Trade payables +	1,666.9	1,305.2	2,697.6	1,725.9	804.9
Days payable	97.0	59.0	74.0	59.0	34.0
Other liabilities +	298.2	215.9	130.2	439.2	692.6
Other non-current liabilities	8.5	2.7	15.2	20.9	17.0
Other current liabilities	289.7	213.1	115.0	418.3	675.6
Total liabilities	6,259.4	7,055.5	10,316.3	9,402.9	7,356.3
Fixed Assets +	561.5	558.0	533.4	502.5	453.8
Tangible assets	473.5	450.8	513.8	476.8	452.1
CWIP	86.4	106.1	19.1	25.4	1.4
Intangible assets	1.7	1.1	0.5	0.3	0.4
LT loans and advances	0.6	0.1	-	-	-
Other non-current assets	167.3	110.7	134.4	107.7	515.3
Current assets +	5,530.0	6,386.7	9,648.6	8,792.6	6,387.2
Inventories	2,886.7	2,370.9	5,608.3	5,430.3	3,553.0
Trade receivables	2,365.1	3,593.0	3,572.6	3,053.6	2,400.8
Cash and cash equivalents	43.8	88.6	134.5	108.4	270.8
ST loans and advances	2.8	17.3	13.2	12.8	11.9
Other current assets	231.7	317.0	320.0	187.5	150.7
Total assets	6,259.4	7,055.5	10,316.3	9,402.9	7,356.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.34	0.3	0.2	0.22	0.29
Reserves	47.41	48.88	52.89	60.26	78.4
Borrowings +	20.86	29.26	19.5	16.49	0.96
Long term borrowings	0.0	0.23	0.0	0.0	0.0
Short term borrowings	20.86	29.03	19.5	16.49	0.96
Trade payables	26.63	18.5	26.15	18.36	10.94
Other liabilities +	4.76	3.06	1.26	4.67	9.42
Other non-current liabilities	0.14	0.04	0.15	0.22	0.23
Other current liabilities	4.63	3.02	1.11	4.45	9.18
Total liabilities
Fixed Assets +	8.97	7.91	5.17	5.34	6.17
Tangible assets	7.56	6.39	4.98	5.07	6.15
CWIP	1.38	1.5	0.19	0.27	0.02
Intangible assets	0.03	0.02	0.0	0.0	0.01
LT loans and advances	0.01	0.0	0.0	0.0	0.0
Other non-current assets	2.67	1.57	1.3	1.15	7.01
Current assets +	88.35	90.52	93.53	93.51	86.83
Inventories	46.12	33.6	54.36	57.75	48.3
Trade receivables	37.78	50.92	34.63	32.47	32.64
Cash and cash equivalents	0.7	1.26	1.3	1.15	3.68
ST loans and advances	0.04	0.25	0.13	0.14	0.16
Other current assets	3.7	4.49	3.1	1.99	2.05
Total assets

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	21.0	21.0	21.0	21.0	21.2
Reserves	3,262.8	3,731.7	6,117.8	6,406.0	6,540.2
Borrowings +	1,312.3	2,071.0	2,426.4	1,750.7	70.6
Long term borrowings	6.5	22.8	6.5	6.5	-
Short term borrowings	1,305.8	2,048.2	2,419.9	1,744.2	70.6
Trade payables +	1,903.9	1,944.6	2,592.5	1,962.7	2,376.8
Days payable	83.0	58.0	52.0	49.0	65.0
Other liabilities +	290.1	218.1	125.4	429.3	313.0
Other non-current liabilities	3.8	4.6	6.2	18.3	17.2
Other current liabilities	286.3	213.5	119.2	411.0	295.8
Total liabilities	6,790.2	7,986.3	11,283.1	10,569.7	9,321.8
Fixed Assets +	579.5	584.8	557.8	528.4	476.8
Tangible assets	491.5	477.6	538.2	502.6	475.0
CWIP	86.4	106.1	19.1	25.4	1.4
Intangible assets	1.7	1.1	0.5	0.4	0.4
LT loans and advances	-	-	-	-	-
Other non-current assets	160.2	104.1	117.0	84.3	502.8
Current assets +	6,050.4	7,297.4	10,608.2	9,957.0	8,342.2
Inventories	2,942.3	2,594.7	5,873.7	5,737.3	4,369.4
Trade receivables	2,824.9	4,160.6	4,199.9	3,768.2	3,480.2
Cash and cash equivalents	47.7	111.0	182.9	228.7	310.3
ST loans and advances	2.1	16.6	13.6	12.8	11.9
Other current assets	233.5	414.5	338.0	210.1	170.4
Total assets	6,790.2	7,986.3	11,283.1	10,569.7	9,321.8

Percentage of assets	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.31	0.26	0.19	0.2	0.23
Reserves	48.05	46.73	54.22	60.61	70.16
Borrowings +	19.33	25.93	21.5	16.56	0.76
Long term borrowings	0.1	0.29	0.06	0.06	0.0
Short term borrowings	19.23	25.65	21.45	16.5	0.76
Trade payables	28.04	24.35	22.98	18.57	25.5
Other liabilities +	4.27	2.73	1.11	4.06	3.36
Other non-current liabilities	0.06	0.06	0.06	0.17	0.18
Other current liabilities	4.22	2.67	1.06	3.89	3.17
Total liabilities
Fixed Assets +	8.53	7.32	4.94	5.0	5.11
Tangible assets	7.24	5.98	4.77	4.75	5.1
CWIP	1.27	1.33	0.17	0.24	0.01
Intangible assets	0.03	0.01	0.0	0.0	0.0
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	2.36	1.3	1.04	0.8	5.39
Current assets +	89.11	91.37	94.02	94.2	89.49
Inventories	43.33	32.49	52.06	54.28	46.87
Trade receivables	41.6	52.1	37.22	35.65	37.33
Cash and cash equivalents	0.7	1.39	1.62	2.16	3.33
ST loans and advances	0.03	0.21	0.12	0.12	0.13
Other current assets	3.44	5.19	3.0	1.99	1.83
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Sales +	7,763.0	9,697.6	16,715.3	12,687.9	10,110.7
Sales growth %	-19.98	24.92	72.37	-24.09	-20.31
Expenses +	7,645.5	9,286.3	15,584.6	12,473.3	10,077.1
Cost of goods	6,272.9	8,098.5	13,337.8	10,588.9	8,538.1
Employee cost	60.4	62.9	93.9	88.9	80.7
Other costs	1,147.0	965.7	1,907.4	1,587.6	1,355.9
Operating profit +	282.7	570.5	1,376.2	422.4	136.0
Operating margin %	3.6	5.9	8.2	3.3	1.3
Other income	201.6	574.9	28.0	72.6	34.9
Interest	76.3	43.5	145.3	120.8	34.2
Depreciation	88.9	115.7	100.2	87.0	68.1
Exceptional items	-	-	-	-	-
Profit before tax	319.1	986.2	1,158.7	287.2	68.5
Tax	82.8	229.6	292.6	76.7	32.4
Profit - disc. ops	-	-	-0.7	-0.7	-
Net profit	236.3	756.6	865.4	209.8	36.2
Net margin %	3.0	7.4	5.2	1.6	0.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Sales	97.47	94.4	99.83	99.43	99.66
Expenses +	95.99	90.4	93.08	97.75	99.32
Cost of goods	78.76	78.84	79.66	82.98	84.16
Employee cost	0.76	0.61	0.56	0.7	0.8
Other costs	14.4	9.4	11.39	12.44	13.36
Operating profit	3.55	5.55	8.22	3.31	1.34
Other income	2.53	5.6	0.17	0.57	0.34
Interest	0.96	0.42	0.87	0.95	0.34
Depreciation	1.12	1.13	0.6	0.68	0.67
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	4.01	9.6	6.92	2.25	0.68
Tax	1.04	2.24	1.75	0.6	0.32
Profit - disc. ops	0.0	0.0	0.0	-0.01	0.0
Net profit	2.97	7.36	5.17	1.64	0.36

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Sales +	10,039.8	14,100.4	22,218.5	16,891.3	15,069.2
Sales growth %	-25.21	40.45	57.57	-23.98	-10.79
Expenses +	9,769.7	13,451.4	20,702.8	16,574.3	14,946.9
Cost of goods	8,384.7	12,228.6	18,360.9	14,585.6	13,341.7
Employee cost	69.9	67.6	106.0	106.6	111.9
Other costs	1,145.0	993.9	1,963.3	1,642.5	1,384.9
Operating profit +	440.1	810.4	1,788.3	556.6	230.8
Operating margin %	4.4	5.8	8.1	3.3	1.5
Other income	27.4	340.0	31.2	70.0	30.7
Interest	79.4	44.6	169.4	149.5	37.1
Depreciation	90.6	116.8	103.2	90.0	71.4
Exceptional items	-	-	-	-	-
Profit before tax	297.5	989.0	1,546.8	387.0	153.0
Tax	90.2	228.8	294.4	80.7	33.7
Profit - disc. ops	-	-	-0.8	-1.1	-
Net profit	207.3	760.2	1,251.6	305.2	119.3
Net margin %	2.1	5.3	5.6	1.8	0.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Sales	99.73	97.65	99.86	99.59	99.8
Expenses +	97.04	93.15	93.05	97.72	98.99
Cost of goods	83.29	84.68	82.52	85.99	88.36
Employee cost	0.69	0.47	0.48	0.63	0.74
Other costs	11.37	6.88	8.82	9.68	9.17
Operating profit	4.37	5.61	8.04	3.28	1.53
Other income	0.27	2.35	0.14	0.41	0.2
Interest	0.79	0.31	0.76	0.88	0.25
Depreciation	0.9	0.81	0.46	0.53	0.47
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	2.96	6.85	6.95	2.28	1.01
Tax	0.9	1.58	1.32	0.48	0.22
Profit - disc. ops	0.0	0.0	0.0	-0.01	0.0
Net profit	2.06	5.26	5.63	1.8	0.79

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.4	0.6	0.4	0.3	0.0
Net Debt/Equity	0.4	0.6	0.3	0.2	0.0
Total Debt/Assets	0.2	0.3	0.2	0.2	0.0
Total Assets/Equity	2.1	2.0	1.9	1.6	1.3
Liquidity +
Current Ratio	1.7	1.8	2.0	2.4	4.1
Quick Ratio	0.8	1.1	0.8	0.9	1.8
Interest Coverage	3.7	13.1	9.5	3.5	4.0
Performance
Gross Margin	19.2	16.5	20.2	16.5	15.6
Operating Margin	3.6	5.9	8.2	3.3	1.3
Net Margin	3.0	7.4	5.2	1.6	0.4
Return +
Return on Equity	7.9	21.8	15.8	3.7	0.6
Pre-tax ROCE	6.8	13.5	23.8	6.0	1.3
Return on Assets	3.8	10.7	8.4	2.2	0.5
Pre-tax ROIC	4.6	8.3	17.4	4.7	1.2
Efficiency +
Days Payable	97.0	59.0	74.0	59.0	34.0
Days Inventory	168.0	107.0	153.0	187.0	152.0
Days Receivable	111.0	135.0	78.0	88.0	87.0
Fixed Asset Turnover	13.8	17.4	31.3	25.2	22.3
Total Asset Turnover	1.2	1.4	1.6	1.4	1.4
Working Capital
Cash Conversion Cycle	182.0	183.0	157.0	216.0	205.0
Working Capital Days	107.0	106.0	105.0	147.0	175.0

	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.4	0.6	0.4	0.3	0.0
Net Debt/Equity	0.4	0.5	0.4	0.2	0.0
Total Debt/Assets	0.2	0.3	0.2	0.2	0.0
Total Assets/Equity	2.1	2.1	1.8	1.6	1.4
Liquidity +
Current Ratio	1.7	1.7	2.1	2.4	3.0
Quick Ratio	0.9	1.1	0.9	1.0	1.4
Interest Coverage	5.5	18.1	10.6	3.7	6.2
Performance
Gross Margin	16.5	13.3	17.4	13.7	11.5
Operating Margin	4.4	5.8	8.1	3.3	1.5
Net Margin	2.1	5.3	5.6	1.8	0.8
Return +
Return on Equity	6.3	20.3	20.4	4.8	1.8
Pre-tax ROCE	11.2	18.9	27.9	7.3	2.6
Return on Assets	3.0	9.5	11.1	2.9	1.3
Pre-tax ROIC	7.7	12.1	20.1	5.9	2.4
Efficiency +
Days Payable	83.0	58.0	52.0	49.0	65.0
Days Inventory	128.0	77.0	117.0	144.0	120.0
Days Receivable	103.0	108.0	69.0	81.0	84.0
Fixed Asset Turnover	17.3	24.1	39.8	32.0	31.6
Total Asset Turnover	1.5	1.8	2.0	1.6	1.6
Working Capital
Cash Conversion Cycle	148.0	127.0	134.0	176.0	139.0
Working Capital Days	93.0	80.0	90.0	126.0	136.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

State Bank of India

No. of Loans: 2

Total Amount : 3,363.9 cr

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 2,800.0 cr

Bank of Baroda

No. of Loans: 2

Total Amount : 140.5 cr

Union Bank of India

No. of Loans: 1

Total Amount : 0.0 cr

Charge Holder	Amount	Date of creation/modification
Bank of Baroda	10.5 cr	27 Mar, 2025
SBICap Trustee Company Limited	2,800.0 cr	06 Sep, 2024
Bank of Baroda	130.0 cr	26 Jun, 2023
Union Bank of India	0.0 cr	05 Aug, 2021
State Bank of India	963.9 cr	26 Feb, 2019
State Bank of India	2,400.0 cr	30 Jun, 2017

Charges

State Bank of India

SBICap Trustee Company Limited

Bank of Baroda

Union Bank of India

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
KIRAN FINE GEMS PRIVATE LIMITED	Strike Off	1.0 L	2	Gujarat
SAMAST PATIDAR AAROGYA FOUNDATION	Active	57.0 L	1	Delhi
GUJARAT HIRA BOURSE	Active	0.0	1	Gujarat
KIRAN GEMS FOUNDATION	Active	0.0	1	Maharashtra
WOODSTOCK ESTATE LLP	Active	10.0 L	2	Maharashtra
ASSURE BRILLIANT DIAMONDS LLP	Active	20.0 L	2	Maharashtra
EPITOME LUXE LABS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
KIRANMANI INVESTMENT AND FINANCE PRIVATE LIMITED (PART IX)	Maharashtra	2006	₹ 2.0 Cr
Kiran Gems USA, Inc.	United States	-	-
Kiran Gems DMCC	United Arab Emirates	-	-
Kiran Gems FZCO	United Arab Emirates	-	-

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW ROCE
REVENUE BELOW AVERAGE

Low Risk

GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U36912MH2007PTC174133

Incorporation

2007, 19.0 years

Company Email

info@kirangems.com

Paid up Capital

₹ 21.2 Cr

Authorised Capital

₹ 71.0 Cr

AGM

Sep 2024

Type

Private

Others

FAQ - KIRAN GEMS PRIVATE LIMITED

What is the incorporation date of KIRAN GEMS PRIVATE LIMITED?

The incorporation date of KIRAN GEMS PRIVATE LIMITED is 14 September, 2007

What is the authorized share capital of KIRAN GEMS PRIVATE LIMITED?

The authorized share capital of KIRAN GEMS PRIVATE LIMITED is INR ₹ 71.0 Cr.

What is the paid-up capital of KIRAN GEMS PRIVATE LIMITED?

The paid-up capital of KIRAN GEMS PRIVATE LIMITED is INR ₹ 21.2 Cr.

What is the registered address of KIRAN GEMS PRIVATE LIMITED?

The registered address of KIRAN GEMS PRIVATE LIMITED is FE-5011,BHARATDIAMONDBOURSE,GBLBANDRAKURLACOMPLEX,BANDRA(EAST), MUMBAI, Maharashtra, India, 400051 - 400051

What is the CIN number of KIRAN GEMS PRIVATE LIMITED?

The CIN number of KIRAN GEMS PRIVATE LIMITED is U36912MH2007PTC174133.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

KIRAN GEMS PRIVATE LIMITED

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