India’s Top 500 Companies 2022

INDIA’S TOP 500 COMPANIES 2022 276 Advertorial Journey through the Years Asian Star represents a rich heritage of values, expertise and experience. Asian Star Company Limited (Asian Star), one of the world’s leading diamantaires, commenced operations in 1971 with a small cutting and polishing unit at Surat, Gujarat. 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. Today, 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 success journey continues as the company strengthens its formidable reputation as a leading supplier of loose polished and diamond jewellery amongst global jewellery brands and retail chains, owing to its deep-rooted values and passion to excel. Responsible Partnering through Pipeline Integrity Asian Star has end-to-end control over its mines-to-market supply chain. The company carries business dealings in a responsible manner right from sourcing of rough diamonds to delivering product commitments and abides by the highest standards of ethical business practices. Asian Star’s rough diamonds are procured directly from the top mining companies and processed at its own cutting and polishing factory which allows them to control the integrity of their diamonds. Furthermore, the company has partnered in mine-origin programs, such as De Beers Code of Origin, which provide assurance that the diamonds they use are treasures of the earth and responsibly mined. The company abides to multiple predefined industry standards to ensure that the sourcing of diamonds is conflict-free. They also practise strong internal systems for quality audits at every stage of manufacturing and distribution to exercise further control on the integrity of its supply chain. World-class Craftsmanship through Superior Technology Asian Star’s value proposition is underpinned by a solid foundation of great infrastructure and technology. Asian Star 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 ` 23 bn. 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. Asian Star’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. 114, Mittal Court - C, Nariman Point, Mumbai – 400 021, Maharashtra Website: www.asianstargroup.com Asian Star Company Limited Top 500 Ranking Income 434 Net Profit 432 Networth 432 Financial Snapshot (In ` mn) Total Income 17,080.2 Net Profit 528.2 Networth 8,215.7 Ratios NPM (%) 3.1 RONW (%) 6.4 Current Ratio (times) 1.9 (As on Mar 31, 2021) Management Details Chairman & CFO Arvind Shah Managing Director and CEO Vipul Shah Directors Rahil Shah Priyanshu Shah Dharmesh Shah Independent Directors Apurva Shah Milind Gandhi Neha Gada Jayantilal Parmar K. Mohanram Pai Miyar Nayak Dun & Bradstreet D-U-N-S® No 65-036-1454 Vipul Shah Managing Director and CEO Dun & Bradstreet