India’s TOP 500 Companies 2020

INDIA’S TOP 500 COMPANIES 2020 276 Advertorial Vipul P. Shah CEO & Managing Director Dun & Bradstreet D-U-N-S® No 65-036-1454 Top 500 Ranking Income 322 Net Profit 455 Networth 420 Management Details Chairman & CFO Dinesh T. Shah CEO & Managing Director Vipul P. Shah Directors Arvind T. Shah Priyanshu A. Shah Rahil V. Shah Dharmesh D. Shah Independent Directors K. Mohanram Pai, Apurva Shah, Milind Gandhi, Miyar Nayak, Neha Gada, Jayantilal Parmar Financial Snapshot (In ` mn) Total Income 24,582.8 Net Profit 405.7 Networth 7,474.7 Ratios NPM (%) 1.7 RONW (%) 5.4 Current Ratio (times) 1.6 (As on Mar 31, 2019) 114, Mittal Court - C, Nariman Point, Mumbai - 400 021, Maharashtra Website: www.asianstargroup.com Asian Star Company Limited Asian Star’s Heritage With nearly five decades of experience, the Asian Star Group is one of India’s most reputed diamantaires, having vertically-integrated operations across the entire value chain, from rough sourcing to diamond cutting and polishing to jewellery manufacturing and retailing. The history of the Group’s flagship company, Asian Star Company Ltd (ASCL), dates back to 1971 when the company started with modest operations in Surat, Gujarat for cutting and polishing of diamonds. The company went on to become a public limited company in 1995 and was subsequently listed on the Bombay Stock Exchange in 1996. Over the years, ASCL has built a rich heritage of values and relationships, and firmly established itself as a leading supplier of loose polished and diamond jewellery to renowned brands and retail chains across the globe. Mines-to-Market Value Chain ASCL holds complete control of its mines-to-market value chain. The company follows a ‘direct from the mines’ rough sourcing policy. As of today, the company owns world-class facilities at Surat, Mumbai and Hosur (certified ISO 9001:2015 by TUV NORD) for diamond processing and jewellery manufacturing. The Surat facility, spread across 100,000 sq. ft. and with employee strength of over 900, has an overall annual production capacity of over US$ 300 mn. The company’s experienced craftsmen have mastered the complexity of diamond processing and can deliver special cuts of consistent quality, even in the smallest pointer sizes. ASCL’s diamond jewellery manufacturing units at Mumbai and Hosur are spread over 50,000 sq. ft., with overall production capacity of 750,000 pieces per annum. These facilities specialize in mass production of machine-made jewellery, as well as selectively handcrafted bespoke jewellery. This flexibility and scalability of operations give the company the advantage of controlling and customizing its production and products to match customer needs. A talented in-house design and merchandising team works closely with the customers to map their market niche and deliver design innovations. ASCL also operates a couture jewellery boutique at Mumbai, which offers a wide range of prêt diamond jewellery, catering exclusively to high net-worth individual customers. The boutique also undertakes customized orders with jewellery design consultations for special occasions. The Asian Star Group employs 2,000 professionals and skilled workers. Products with a Sparkle ASCL is engaged in the business of manufacturing and distributing sparkling diamonds and jewellery. Its loose polished portfolio consists of round brilliant diamonds in all colours and clarities up to 5 carats in fine makes, generic fancy shapes, EX-EX-EX Hearts & Arrows cut, proprietary diamond cuts and Forevermark diamonds. Dun & Bradstreet