Diamond India Limited: Company Profile

Background

Company Overview

Diamond India Limited (DIL) is a public limited company incorporated on December 16, 2002, in Mumbai, Maharashtra, India. The company specializes in the import and supply of rough diamonds, gold, and silver coins and bullion, serving customers across India.

Mission and Vision

DIL's mission is to provide transparent and service-oriented solutions to the gems and jewelry industry, primarily focusing on exporters. The company aims to become "Globally The Most Admired Supplier in all aspects" by meeting international standards and customer aspirations through technological upgradation, continual improvement, and innovation.

Industry Significance

As a nominated agency by the Directorate General of Foreign Trade (DGFT), DIL plays a crucial role in facilitating the import and supply of precious metals, thereby supporting India's substantial gems and jewelry export sector. The company is unique in its focus on servicing new and small exporters, supplying inputs under various government schemes.

Key Strategic Focus

Core Objectives

DIL's primary objectives include:

Ensuring a consistent and reliable supply of rough diamonds, gold, and silver to meet the demands of the Indian jewelry industry.

Providing transparent and efficient services to exporters, particularly small and new entrants, to enhance their competitiveness in the global market.

Adhering to international standards and continually improving processes to maintain a leading position in the industry.

Areas of Specialization

DIL specializes in:

Importing and supplying rough diamonds.

Trading in gold and silver coins and bullion.

Offering services under various government schemes to support exporters.

Key Technologies Utilized

While specific technological platforms are not detailed, DIL emphasizes technological upgradation and continual improvement as part of its strategic focus.

Primary Markets Targeted

DIL primarily targets the Indian market, focusing on exporters within the gems and jewelry industry. The company has a pan-India presence, serving customers across 18 major cities.

Financials and Funding

Funding History

DIL is a privately held company and has not publicly disclosed detailed funding history or recent funding rounds.

Financial Performance

As of the latest available data, DIL reported:

Authorized Capital: ₹28.00 Crores

Paid-up Capital: ₹8.57 Crores

Net Worth: ₹105.00 Crores

Total Revenue: ₹10,573.0 Crores in FY2018, with a 25% year-on-year growth.

Utilization of Capital

Specific details regarding the utilization of capital are not publicly disclosed.

Pipeline Development

As a trading and supply company, DIL does not have a product pipeline in the traditional sense. Its focus is on maintaining a steady supply chain for rough diamonds and precious metals to meet the needs of the Indian jewelry industry.

Technological Platform and Innovation

Proprietary Technologies

While DIL emphasizes technological upgradation and continual improvement, specific proprietary technologies are not detailed.

Significant Scientific Methods

The company focuses on innovation and continual improvement but does not publicly disclose specific scientific methods or technologies employed.

Leadership Team

Key Executives

The leadership team of DIL includes:

Suresh Chimanlal Shah: Director

Dilip Sitapchand Dalal: Director

Milan Tanvir Chokshi: Director

Jay Mahendra Parikh: Director

Dilip Maneklal Shah: Director

Sudhir Rasiklal Mehta: Director

Mehul Navinchandra Shah: Director

Nilesh Navinchandra Shah: Director

Sanjay Jayantilal Bhansali: Director

Suman Dnyaneshwar Veturkar: Director

Siddharth Praveenshankar Pandya: Director

Professional Backgrounds and Contributions

Detailed professional backgrounds and specific contributions of each director are not publicly disclosed.

Industry and Competitor Profile

Market Insights and Dynamics

India's gems and jewelry industry is a significant contributor to the country's economy, with exports valued at approximately $17.51 billion during 2024-25. The United States, Hong Kong, the UAE, Belgium, and Israel are the top importers of diamonds from India.

Competitor Analysis

DIL operates in a competitive landscape with several key players, including:

Shree Ramkrishna Exports Private Limited: Holding a 10.87% market share in diamond exports.

Kiran Gems Private Limited: With a 5.72% market share.

Dharmanandan Diamonds Private Limited: Accounting for 4.42% of the market.

Gia India Laboratory Private Limited: Holding a 4.23% market share.

Hari Krishna Exports Private Limited: With a 4.06% market share.

These competitors are involved in various aspects of the diamond supply chain, including manufacturing, exporting, and certification.

Operational Insights

DIL's operational strategy focuses on maintaining a reliable supply chain for rough diamonds and precious metals, ensuring compliance with regulatory standards, and supporting the growth of small and new exporters in the gems and jewelry industry.

Strategic Collaborations and Partnerships

DIL's strategic collaborations and partnerships are not publicly detailed.

Strategic Opportunities and Future Directions

DIL has opportunities to expand its services to a broader range of exporters, enhance technological capabilities to improve supply chain efficiency, and explore new markets to strengthen its position in the global gems and jewelry industry.