U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form 10-QSB

                                   (Mark One)

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2000

                                  -------------

            [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                            THE EXCHANGE ACT OF 1934

                        For the transition period from to

                                  -------------

                        Commission File Number 000-27949

                                  -------------

                     First India Diversified Holdings, Inc.

                                  -------------

        (Exact name of small business issuer as specified in its charter)

            New York                                      06-1551283
  (State of other jurisdiction                 (IRS Employer Identification No.)
of incorporation or organization)

                     First India Diversified Holdings, Inc.
                              257-10 Union Turnpike
                           Floral Park, New York 11004
                                 (888) 238-6400

                                  -------------

                           (Issuer's telephone number)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes    No X

State number of shares  outstanding  of each of the  issuer's  classes of common
equity as of the latest practicable date. As of June 30, 2000, 61,000,000 shares
of the registrant's no par value common stock were issued and outstanding.

            Transmittal Small Business Disclosure Format (check one):


                       Yes X                         No

<PAGE>

FIRST INDIA DIVERSIFIED HOLDINGS, INC.

TABLE OF CONTENTS

                                                                            Page


REVIEW REPORT OF INDEPENDENT ACCOUNTANT                                        1

FINANCIAL STATEMENTS

         Balance Sheet     as of June 30, 2000                                 2
         Statement of Operations for the three months
              and nine months ended June 30, 2000 and
              for the period  July 2, 1999 (inception)
              to June 30, 2000                                                 3
         Statement of Stockholders' Equity for the nine
              months  ended June 30, 2000 and for the
              period July 2, 1999 (inception) to
              June 30, 2000                                                    4
         Statement of Cash Flows for the nine months
              ended June 30, 2000 and for the period
              July 2, 1999 (inception) to June 30, 2000                        5
         Notes to Financial Statements                                         6

<PAGE>

                      FIRST INDIA DIVERSIFIED HOLDING, INC.
                          (A Development Stage Company)

                          REVIEWED FINANCIAL STATEMENTS
                                   (Unaudited)

                       Nine months ended June 30, 2000 and
                   For The Period July 2, 1999 (Inception) to
                                  June 30, 2000

<PAGE>

     Aaron Stein
CERTIFIED PUBLIC ACCOUNT
                                                               981 ALLEN LANE
                                                                P.O. BOX 406
                                                             WOODMERE, NY 11598
                                                                516-569-0520

To the Board of Directors and Stockholders'
     First India Diversified Holdings, Inc.

I have  reviewed  the  accompanying  balance  sheet of First  India  Diversified
Holdings,  Inc. (a  development  stage  enterprise)  as of June 30, 2000 and the
related statements of operations,  stockholders' equity (deficit) and cash flows
for the nine  months  ended June 30,  2000 and for the period  from July 2, 1999
(inception) to June 30, 2000.
These financial statements are the responsibility of the Company's management.

I  conducted  my review in  accordance  with the  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statements taken as whole.
Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made to the accompanying  financial statements for them to be in conformity with
generally accepted accounting principles.


Aaron Stein
Woodmere, New York
May 28, 2001


                                       1
<PAGE>

FIRST INDIA DIVERSIFIED HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEET
JUNE 30, 2000
(Unaudited)


ASSETS

Current assets
     Cash and cash equivalents                                         $ 30,543
                                                                       --------
                                                                       $ 30,543
                                                                       ========
LIABILITIES AND STOCKHOLDRS' EQUITY

Liabilities                                                            $   --
                                                                       --------
Stockholders' Equity
     Common stock, $0.0001 par value,
         100,000,000 shares authorized,
         61,000,000 shares issued and outstanding                         6,100
     Additional paid-in capital                                          99,000
     Deficit accumulated during the development stage                   (74,557)
                                                                       --------
                                                                       $ 30,543
                                                                       ========

 See accompanying accountants' review report and notes to financial statements.

                                       2
<PAGE>

FIRST INDIA DIVERSIFIED HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS

                              Three Months      Nine Months       July 2, 1999
                                 Ended             Ended         (Inception) to
                             June 30, 2000     June 30, 2000     June 30, 2000
                             -------------     -------------     --------------
                              (Unaudited)       (Unaudited)       (Unaudited)

REVENUES                      $       --       $       --         $       --

EXPENSES                            43,795           74,557             74,557
                              ------------     ------------       ------------
INCOME BEFORE PROVISION FOR
     INCOME TAXES                   43,795           74,557             74,557

INCOME TAX EXPENSE                    --               --                 --
                              ------------     ------------       ------------
NET INCOME (LOSS)             $    (43,795)    $    (74,557)      $    (74,557)
                              ============     ============       ============
LOSS PER SHARE
     BASIC                          nil              nil                nil

AVERAGE NUMBER OF COMMON
  SHARES OUTSTANDING            61,000,000       61,000,000         61,000,000

 See accompanying accountants' review report and notes to financial statements.


                                       3
<PAGE>

FIRST INDIA DIVERSIFIED HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF STOCKHOLDERS EQUITY
JULY 2, 1999 (INCEPTION) TO JUNE 30, 2000
(Unaudited)

<TABLE>
<CAPTION>
                                        Common Stock        Additional
                                 -----------------------     Paid-In    Accumulated
                                   Shares       Amount       Capital      Deficit        Total
                                 ----------   ----------   ----------   ------------  ----------
<S>                              <C>          <C>          <C>          <C>           <C>
Subscription to common stock
     at par value                51,000,000   $    5,100   $     --     $     --      $    5,100

Subscription to common stock
     at $.01 per share           10,000,000        1,000       99,000         --         100,000

Net Income- September 30, 1999         --           --           --           --            --
                                 ----------   ----------   ----------   ----------    ----------
Balance-September 30, 1999       61,000,000        6,100       99,000         --         105,100

Net Loss-June 30, 2000                 --           --           --        (74,557)      (74,557)
                                 ----------   ----------   ----------   ----------    ----------
Balance- June 30, 2000           61,000,000   $    6,100   $   99,000   $  (74,557)   $   30,543
                                 ==========   ==========   ==========   ==========    ==========
</TABLE>

 See accompanying accountants' review report and notes to financial statements.


                                       4
<PAGE>

FIRST INDIA DIVERSIFIED HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS

                                                   Nine Months     July 2, 1999
                                                      Ended       (Inception) to
                                                  June 30, 2000   June 30, 2000
                                                 --------------   --------------
                                                   (Unaudited)     (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:

     Net loss                                       $ (74,557)      $ (74,557)
     Adjustments to reconcile net loss to cash
         used in operating activities:                   --              --
                                                    ---------       ---------
            Net cash used in operating activities     (74,557)        (74,557)
                                                    ---------       ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Issuance of common stock                         105,100         105,100
                                                    ---------       ---------

            Net increase in cash and cash
              equivalents                              30,543          30,543

CASH AND CASH EQUIVALENTS, Beginning                     --              --
                                                    ---------       ---------
CASH AND CASH EQUIVALENTS, Ending                   $  30,543       $  30,543
                                                    =========       =========

Supplemental disclosure of cash flow information
         Interest paid                              $    --         $    --
                                                    =========       =========
         Income taxes paid                          $    --         $    --
                                                    =========       =========

  See accompanying accountants' review report and notes to financial statements


                                       5
<PAGE>

                     FIRST INDIA DIVERSIFIED HOLDINGS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2000


Note 1: Organization, Business and Significant Accounting Policies

         Organization

         First India Diversified Holdings, Inc. (the "Company") was incorporated
         on July 2,  1999  under  the laws of the State of New York to engage in
         any lawful corporate activity,  including, but not limited to, selected
         mergers and  acquisitions.  The Company has sold  10,000,000  shares of
         Common  Stock  in a  "private  placement"  pursuant  to Rule 504 of the
         Securities Act of 1933.  The Company is authorized to issue  61,000,000
         shares of Common Stock with a par value of $0.0001 per share.

         Business

         First India  Diversified  Holdings,  Inc. has been in the developmental
         stage since  inception and has no operations to date.  The Company is a
         blank  check  company  as  defined  by  the   Securities  and  Exchange
         Commission. The definition of a blank check company is one which has no
         specific business or plan other than to consummate an acquisition of or
         merge into another business entity.

         Significant accounting policies

         Use of Estimates in Financial  Statements - Management  uses  estimates
         and assumptions in preparing  these financial  statements in accordance
         with generally  accepted  accounting  principles.  Those  estimates and
         assumptions affect the reported amounts of assets and liabilities,  the
         disclosure  of  contingent  assets and  liabilities,  and the  reported
         revenue and expenses. Actual results could vary from the estimates that
         were used.

         Cash and Cash  Equivalents - For purposes of reporting cash flows,  the
         Company  considers  all  cash  accounts,   which  are  not  subject  to
         withdrawal  restrictions  or penalties,  as cash and equivalents in the
         accompanying balance sheet.

         Income Taxes - The provision for income taxes are computed based on the
         pretax loss  included in the  Statement  of  Operations.  The asset and
         liability  approach  is used  to  recognize  deferred  tax  assets  and
         liabilities  for the  expected  future tax  consequences  of  temporary
         differences  between the  carrying  amounts and the tax bases od assets
         and liabilities.

         Earnings  per Common  Share - Basic loss per common  share is  computed
         using the weighted average number of common shares  outstanding  during
         the year.


                                       6
<PAGE>

Item II  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS:

The following  discussion of the results of operations  and financial  condition
should be read in conjunction with the audited financial  statements and related
notes appearing under the caption "Financial Statements".

The Company did not have any revenues  during the period from inception (July 2,
1999) to June 30, 2000. The Company incurred  aggregate expenses of $43,795 from
inception  and  $74,557 in the most recent  quarter.  These  expenses  relate to
evaluation of proposed  transactions.  The Company had minor amounts of dividend
income which slightly reduced its loss from the amount of expenses incurred.

Liquidity and Capital Resources

The Company had total assets of $30,543 on June 30, 2000.  The Company  believes
is has  sufficient  resources  to  meet  its  needs  while  evaluating  business
opportunities.  The Company will need to raise additional substantial capital in
order  to  effectuate  any of the  transactions  it is  evaluating.  There is no
assurance that these efforts to raise additional  capital will be successful nor
any assurance  that the Company's  actual capital needs will not be greater than
anticipated,  or that the Company will generate  revenues to fund its operations
in the absence of other sources.

PART II-OTHER INFORMATION

The statements in this  quarterly  report on Form 10-QSB that are not historical
constitute "forward-looking statements". Said forward-looking statements involve
risks and  uncertainties  which may cause the  actual  results,  performance  or
achievements of the Company and its subsidiaries to be materially different from
any future results,  performance or  achievements,  expressed or implied by such
forward-looking  statements.  These forward-looking statements are identified by
their  use  of  such  terms  and  phrases  as  "expects",   "intends",  "goals",
"estimates", "projects", "plans", "anticipates", "should", "future", "believes",
and "scheduled".

The variables which may cause differences  include,  but are not limited to, the
following:  general economic and business  conditions;  competition;  success of
operating initiatives; operating costs; advertising and promotional efforts; the
existence  or absence of adverse  publicity;  changes in  business  strategy  or
development  plans; the ability to retain management;  availability,  terms, and
deployment   of  capital;   business   abilities   and  judgment  of  personnel;
availability  of  qualified  personnel;  labor  and  employment  benefit  costs;
availability and costs of raw materials and supplies; and changes in, or failure
to comply with various  government  regulations.  Although the Company  believes
that the  assumptions  could  be  inaccurate,  and  therefore,  there  can be no
assurance that the forward-looking statements included in this filing will prove
to be  accurate.  In  light of the  significant  uncertainties  inherent  in the
forward-looking  statements  included herein,  the inclusion of such information
should not be regarded as a representation by the Company or any person that the
objectives and expectations of the Company will be achieved.


                                       7
<PAGE>

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) EXHIBITS

Exhibit                                            Description of Exhibits
-------                                            -----------------------

    None

(b)  Reports on Form 8-K

     None

SIGNATURES

      In accordance  with the  requirements  of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                        First India Diversified Holdings, Inc.

                                        /s/ David Griffith
Date:  May  30, 2001                    --------------------------------------
--------------------                    David Griffith, President


                                       8