The company was originally incorporated on April 29, 1993 as ‘Gandhinagar Plastronics Private Limited’ under the provisions of the Companies Act, 1956 with the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The Name of the company changed from ‘Gandhinagar Plastronics Private Limited’ to 'Jay Gems (India) Private Limited' and fresh certificate of incorporation dated February 05, 2010 was issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further the name of the company was changed from ‘Jay Gems (India) Private Limited’ to ‘Dev Labtech Venture Private Limited’ and fresh certificate of incorporation dated June 22, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Dev Labtech Venture Private Limited’ to ‘Dev Labtech Venture Limited’ vide fresh certificate of incorporation dated September 23, 2022 issued by the Registrar of Companies, Ahmedabad.

The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery. It is equipped with all facilities to execute all types of manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab grown diamonds with various sizes, shapes, clarity and colours. The company establishes a long-term relationship with its customers by providing good quality product, which will go a long way and benefit the company. The company is backed by a team of creative for creating innovative designs. The company’s team has been a major strength as it understands the varied needs of the customers and works accordingly.

The company has started manufacturing of lab grown diamonds before that it was engaged in processing of natural diamonds only. it has 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. Further, it has also developed the In-house technical & Design team to make Laboratory grown diamonds. This technology and process has immense advantage to the company to produce the Lab grown diamonds with more purity & clarity and required sizes and shapes with much cheaper than natural diamonds. With the background and experience in natural diamonds it has developed in-house team with manufacturing facilities new and innovative lab grown diamonds. The technology known as - Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab grown Diamonds from Diamond Seed. This technology well tested and used in large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses. 

The company has developed the regular clients for supply of diamonds through its own sales team in Bhavnagar, Surat, Mumbai, and for exports. it has established own distribution and marketing network through e-mails, telephone, attending exhibitions, and connecting through social media platform. With its network, company has developed the reputation and goodwill for timely supply of material to their reputed customers. Its diversified product portfolio enables it to cater to a wide range of preferences and consumer segments. Its products are primarily targeted to customers engaged in natural and lab grown diamonds jewellery manufacturers. Its diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.

Business area of the company

The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery.

Products of the company

• Lab Grown Diamonds
• Natural Diamonds

History and milestones

• 1993-94: Incorporation of the company in the name and style of ‘Gandhinagar Plastronics Private Limited’
• 2009-10: Changed the name of company from Gandhinagar Plastronics Private Limited to Jay Gems (India) Private Limited
  
• 2022-23: Changed the name of company from Jay gems (India) Private Limited to Dev Labtech Venture Limited
• 2022-23: Converted into Public Limited Company vide fresh certificate of incorporation dated September 23, 2022.