Dev Labtech Venture Ltd Company Summary

Dev Labtech Venture Limited was originally incorporated on April 29, 1993 as Gandhinagar Plastronics Private Limited with the Assistant Registrar of Companies, Gujarat. Name of the company was thereafter changed to Jay Gems (India) Private Limited dated February 05, 2010. Further, it changed from Jay Gems (India) Private Limited to Dev Labtech Venture Private Limited dated June 22, 2022.

Subsequently, Company was converted into Public Limited and a fresh Certificate of incorporation dated September 23, 2022 was issued by the Registrar of Companies, Ahmedabad.The Company was founded by Mr. Jerambhai Lavjibhai Donda in year 1993. At present, Company is into the business of manufacturing, marketing and sourcing of diamonds having wide application in Jewellery.

It is equipped with all manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab grown diamonds with various sizes, shapes, clarity and colors.The Company started manufacturing of lab grown diamonds in 2022 but prior to that, it engaged in processing of natural diamonds only. It developed the skill and expertise with application of computer software and laser technology for mapping, designing, cutting, polishing with innovation & optimum output with less wastage in rough to natural polish diamonds. In March 2023, Company made a fresh issue of 22,00,000 Equity Shares of Rs.

10 each by raising funds aggregating to Rs 11.22 Crore.The Company incorporated DEV Labtech Venture INC. in Delaware, USA as a wholly owned subsidiary in FY 2025.