India’s TOP 500 Companies 2021

INDIA’S TOP 500 COMPANIES 2021 302 Advertorial A Legacy of 50 Years 2021 marks a milestone year in the Asian Star Company Limited’s (ASCL) journey as the company, one of India’s most reputed diamantaires, completes 50 years since its inception. During the past five decades, the company has successfully established vertically-integrated operations across the entire value chain, from rough sourcing, diamond cutting and polishing to jewellery manufacturing and retailing. The history of ASCL can be traced back to 1971, when it commenced operations with a small cutting and polishing unit at Surat, Gujarat. Since then, the company eventually went on to become a public limited company in 1995, and subsequently got listed on the Bombay Stock Exchange in 1996, making it one of the first few listed companies in the country’s diamond industry at that point in time. Over the years, the company has established a reputation as a leading supplier of loose polished and diamond jewellery to renowned brands and retail chains across the globe. Ensuring Quality with Scalable Infrastructure 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 facilities at Surat, Mumbai and Hosur (certified ISO 9001:2015 by TUV NORD) with excellent infrastructure for diamond processing and jewellery manufacturing. The Surat facility, spread across 100,000 sq. ft. and with an employee strength of over 800, has an overall annual production capacity of over US$ 300 mn. The company’s experienced craftsmen consistently deliver special cuts of reliable 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. The Asian Star Group employs more than 1,800 professionals and skilled workers. Adding Value with Differentiated Offerings ASCL is engaged in the business of manufacturing and distributing sparkling diamonds and diamond jewellery. Its loose polished portfolio consists of round brilliant diamonds in all colours and clarities up to 10 carats in fine makes, and generic fancy shapes. The company delivers value- added offerings with EX-EX-EX Hearts & Arrows cut, proprietary diamond cuts and Forevermark diamonds. Vipul P. Shah CEO & Managing Director 114, Mittal Court - C, Nariman Point, Mumbai - 400 021, Maharashtra Website: www.asianstargroup.com Asian Star Company Limited Top 500 Ranking Income 359 Net Profit 445 Networth 426 Financial Snapshot (In ` mn) Total Income 21,618.4 Net Profit 276.9 Networth 7,750.4 Ratios NPM (%) 1.3 RONW (%) 3.6 Current Ratio (times) 1.7 (As on Mar 31, 2020) 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 Dun & Bradstreet D-U-N-S® No 65-036-1454 Dun & Bradstreet