Sagar Diamonds Ltd Company Summary

Sagar Diamonds Ltd Summary

Sagar Diamonds Limited was originally incorporated as Private Limited Company with the name Sagar Diamonds Private Limited on July 15, 2015 at Surat, Gujarat. Later on, ,the Company name was changed to Sagar Diamonds Limited on July 04, 2017. The Company is promoted by Mr. Vaibhav D. Shah. He started working in a local diamond shop where he learned the basics of diamond and decided further to plunge deep in the world of perpetual sparkle.The Company is presently engaged in manufacturing and exporting of rough and polished diamonds procured from the trusted and certified suppliers and in jewelry making. The Company is also involved in trading of diamond and processing by trained and qualified workers on job work basis. Its product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans. The Company has manufacturing facility in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month. This facility for manufacturing of Diamonds Jewellery have been recognized for its quality Management System with ISO 9001:2015 vide certificate issued on July 13, 2017. The Company came up with a Public Issue of 33,81,000 Equity Shares and got listed on SME Platform of BSE Ltd on 26th September, 2017. In 2018, the Company purchased business of M/s Sagar Gems through the Business Transfer Agreement executed between the Company and Mr. Vaibhav Dipak Shah, Proprietor of M/s Sagar Gems & 59,21,860 equity shares having face value of Rs. 10/- at Par each allotted for consideration other than cash to Mr. Vaibhav Dipak Shah, Proprietor of M/s Sagar Gems, upon acquisition of the said Proprietorship Firm by executing the Business Transfer Agreement.In F.Y 2019-20, Company exported Diamonds and Jewellery to Hong Kong.