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PC Jeweller Ltd
Company typeJoint stock company
BSE: 534809, NSE: PCJEWELLER
IndustryJewellery
Founded2005; 19 years ago (2005)
Headquarters
New Delhi, India
Key people
Balram Garg
(Managing Director)
ProductsGold, Diamond Jewellery and silver articles
Revenue₹20.59 billion (US$250 million) (2019)
Websitewww.pcjeweller.com

PC Jeweller Limited (BSE: 534809) is a jeweller based in New Delhi, India. It started operations in April 2005 with one showroom at Karol Bagh Delhi and 84 showrooms in India.[1] It is a first generation business promoted by two brothers- Padam Chand Gupta and Balram Garg.[2] It presently has 84 stores in 70 cities and 19 states.[3]

PC Jeweller engages in the manufacture, export, wholesale and retail of gold and diamond jewelry in India. The company's business model consists of opening large format, standalone stores at high street locations. The company sells only hall marked jewellery and certified diamond jewellery.[4]

Company Board of directors announced a share buy back scheme to arrest the fall of their shares in the market and later reversed their decision which led to a huge loss of wealth to its shareholders.[5][6]

Milestones

  • 2005: P Chand Jewellers was incorporated. Showroom in Karol bagh inaugurated.
  • 2007: Two more showrooms opened, at Noida and Panchukla (Haryana) respectively. Company also commences export operations from the manufacturing unit at the Noida SEZ.
  • 2008: Opens two more showrooms at Faridabad and Dehradun.
  • 2009: Commences operations at the manufacturing unit in Selaqui and Dehradun. Two more showrooms opened in Pitampura (New Delhi) and Chandigarh.
  • 2011: Company goes public limited from private. Export operations unit begin from the Noida SEZ. Eight more showrooms open in Ludhiana, Bilaspur, Pali, South Extension (New Delhi), Beawar, Ajmer and Amritsar.
  • 2012: Six more showrooms opened in Kanpur, Rohtak, Indirapuram (Ghaziabad), Rajouri Garden (New Delhi), Kingsway Camp (New Delhi) and Greater Kailash – 1 (New Delhi)

Awards

  • 2006: Awarded the Best Showroom award for Diamond Season by the B2C consultants, and brand architects
  • 2008: Awarded Jeweller of the year in the Business Sphere Awards by the Business Sphere Group, Academicians Bureau Publications Private Limited.
  • 2010: Awarded Highest Exporter and the Best Exporter in the gems and jewellery sector by the Noida SEZ, Department of commerce, Ministry of commerce and industry, Government of India for the year 2009-2010
  • 2011: Awarded Highest Exporter (SEZ Unit) and the Best Exporter (Gems and Jewellery) sector by the Noida SEZ, Department of Commerce, Ministry of Commerce and Industry, Government of India for the year 2010–2011.[7]
  • 2012: Awarded Niryat Shree Silver Trophy in the gems and jewellery non-MSME category, by the federation of Indian Export Organisations, set up by the Ministry of Commerce and Industry, Government of India for the year 2009–2010.[3]
  • 2013: Awarded the Large - Plain Precious Metal Jewellery’ Award at Indian Gems and Jewellery Awards[8]

Stores

PC Jeweller has 86 stores in 70 cities.[2] The company procures a large portion of its gold under the Reserve Bank of India's Metal (Gold) Loan policy.[9] PC Jeweller had its initial public offering in December 2012. As of 2012 the company planned to open 20 stores each year and start opening franchise stores as well.[10]

References

  1. ^ "PC Jeweller Ltd". Business Standard India. Retrieved 2020-05-26.
  2. ^ a b "Company Overview of PC Jeweller Limited". Bloomberg Businessweek.com.
  3. ^ a b "PC Jeweller Ltd". Indiatimes.com.
  4. ^ "PC Jeweller Ltd". Securities.com.
  5. ^ "PC Jeweller withdraws Rs 424 crore share buyback proposal". The Economic Times. 2018-07-13. Retrieved 2019-10-29.
  6. ^ "PC Jeweller cracks 26% on buyback U-turn". The Economic Times. 2018-07-16. Retrieved 2019-10-29.
  7. ^ "History of PC Jeweller Ltd., Company". Goodreturn. Retrieved 2020-05-15.
  8. ^ "PC Jeweller bags an award at Indian Gems and Jewellery Awards". www.indianjeweller.in. Retrieved 2020-05-15.
  9. ^ "PC Jeweller to Increase Focus on Diamond Jewelry". diamonds.net. February 8, 2013.
  10. ^ "K.M. Global Financial Services Ltd says 'Subscribe' to PC Jeweller Ltd IPO". chittorgarh.com. December 11, 2012.
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