India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 262 Advertorial Asian Star Company Limited History Established in 1971, Asian Star Company Limited (ASCL) ranks among reputed diamantaires with vertically integrated operations that span across the entire value chain – from diamond sourcing to diamond cutting and polishing to jewellery manufacturing and marketing. The company commenced operations in Surat as a modest unit for cutting and polishing diamonds. In no time, the company started building on its core strength of manufacturing and focused on augmenting the scale and size of its operations. ASCL built an extensive distribution network, establishing its presence in leading diamond hubs across the globe. The company became a public limited company in 1995 and was subsequently listed on the Bombay Stock Exchange in 1996. Moving up the value chain, ASCL commenced its jewellery operations in 2000 with its first manufacturing unit at SEEPZ, Mumbai, rapidly adding on more units at Mumbai and Hosur in the next 10 years. The company scaled to the retail end of the value chain in 2010 with a couture diamond boutique ex-factory, located in Mumbai to cater to its elite customers. Business Profile ASCL is in the primary business of importing rough diamonds and subsequently cutting, polishing and exporting the finished product. The company also undertakes the manufacturing, marketing and retailing of diamond jewellery. As of March 2018, the company has strong human asset base with 2,700 plus highly skilled craftsmen and professional employees, and worldwide distribution with 22 marketing arms including four wholly-owned subsidiaries in New York, Dubai, Hong Kong and Mumbai. The company is one of the preferred supply partners for loose polished and diamond jewellery to some of the leading brands and retail chains across the globe. More than 75% of the company’s turnover is generated from overseas markets. ASCL enjoys direct supply of rough diamonds from leading mining companies in the world, including Alrosa, De Beers, Dominion and Rio Tinto. It is also the approved manufacturer for Forevermark, CanadaMark and Australian Diamonds. Certifications: The company follows the highest ethical, social and environmental standards, adhering to the international codes of practice. • Certified Member of Responsible Jewellery Council (RJC) • ISO 9001:2015 certified from TUV NORD, Germany Business Operations Cutting and Polishing : Cutting and Polishing diamonds forms the core business of ASCL, which is undertaken at the company’s state-of-the-art 100,000 sq. ft. manufacturing facility at Surat. With over 45 years of experience, the company’s production team of 1,600 expert craftsmen are uniquely qualified to manage the complexity of diamond cutting and maintain quality consistency even with the smallest pointer sizes. The company provides an extensive range of products in all colours and clarities, with sizes ranging from 5 carats and smaller in fine makes. Besides regular round brilliant cut, fancy shapes such as princess, pears, hearts and marquise also form part of the extensive product range. The company is highly acclaimed for its mastery in delivering EX-EX-EX Hearts & Arrows cut and proprietary customized cuts. The company enhances its product offering by providing customer-centric services such as forward planning, tailored assortments within a bagging and matching programme and just-in-time supply. Financial Snapshot (In ` mn) Total Income 27,376.1 Net Profit 356.4 Networth 6,810.7 Ratios NPM (%) 1.3 RONW (%) 5.2 Current Ratio (times) 1.4 (As on Mar 31, 2018) Management Details Chairman & CFO Dinesh Shah CEO & Managing Director Vipul Shah Directors Arvind Shah Priyanshu Shah Rahil Shah Dharmesh Shah Independent Directors K. Mohanram Pai Apurva Shah Milind Gandhi Miyar Nayak Neha Gada Anand Gandhi Address & Website 114, Mittal Court - C, Nariman Point, Mumbai - 400 021 Maharashtra www.asianstargroup.com Vipul Shah CEO & Managing Director Dun & Bradstreet D-U-N-S® No 65-036-1454 Top 500 Ranking Income 294 Net Profit 450 Networth 420 Dun & Bradstreet