Three Generations of Growth

Vasantlal Mehta founded the Blue Star Group in Mumbai in 1966. Over the next fifteen years, Mr. Mehta led his three sons, Akshay, Anuj and Ashit, into the business. While Akshay and Anuj focused on the Indian operations, their younger brother Ashit began the firm’s expansion abroad. In 1981, he established the Antwerp hub to provide a steady supply of rough diamonds for the company’s rapidly growing marketing and manufacturing base in India.

Since then, the three brothers have built their Indian and Belgian businesses into a leading global marketing operation for both rough and polished diamonds. In recognition of their achievements, the Blue Star Group was awarded its first DTC sight in Belgium in 1991, and a second DTC sight in India in 1994. Over the last two decades, the Blue Star Group has achieved an annual compound growth rate of over 10% on its total sales.

The Blue Star Group continues to develop its activities for a third generation of the family. In 2001, the group moved downstream into the design, manufacturing and distribution of jewellery. The same year, it launched its  first state-of-the-art factory in Surat, India.

In 2002, Akshay’s eldest son, Arjav, joined the business, followed by Arnav, his younger brother in 2004. Other members of the younger generation will follow him in the coming years, to maintain and strengthen the family’s commitment to the industry. 2006 saw the doubling of the Blue Star Group's manufacturing strength by moving into a new ultra modern manufacturing headquarters in Surat, India.

The family’s values extend throughout the Blue Star Group. All Blue Star Group’s employees are considered to be members of one big family, sharing bonds of mutual trust, support, responsibility and respect. The family is united in its dedication to the excellence of the products, and the superior standards of service that the group provides to all business partners. The Blue Star Group’s success is rooted in the business ethics of this ‘Hindu Undivided Family’ – fully devoted to the diamond industry.