Shree Ganesh Jewellery House
| Company type | Public |
|---|---|
| NSE:SGJHL | |
| Industry | Jewellery |
| Headquarters | Kolkata, India |
Key people | Mr. Nillesh Parrekh (Chairman) |
| Products | Gold and Diamond Jewellery |
| Revenue | INR 6593 Crore (US$ 1.0 billion approx)(2013) |
| INR 365 Cr. | |
| INR 293 Cr. | |
| Website | www |
Shree Ganesh Jewellery House (I) Ltd. (SGJHL) is a Kolkata-based jewellery company founded in 2002. The company is one of the largest manufacturers and exporters of handcrafted gold jewellery in India.[1][2][3]
Overview
The Company was founded by two brothers, Nillesh Parrekh and Umesh Parekh, in 2002.[citation needed] It manufactures handcrafted gold jewellery from its manufacturing units in the Manikanchan (SEZ).[4] The company has formed a joint venture with Italian firm SALP SPA for setting up a 10-tonne lightweight gold jewellery manufacturing base at Domjur West Bengal.[5] The company enters into joint venture with Rocks Creation Limited of Bangladesh for manufacturing of Gold and Diamond Jewellery.[6] The company markets its jewellery products under brand name Gaja.[7] Apart from retail business the company primarily exports its products to the United Arab Emiates (UAE), Singapore and Hong Kong.[8][9]
The company received the “Four Star Export House” certificate from the Joint Director of Foreign Trade, Government of India in June 2009.[10] The company opened its first branded retail jewellery store at Kolkata and Ahmedabad in October 2007.[citation needed] The company proposed an initial public offer of 14,269,831 equity shares in 2010.[11] In 2013 the company operated through 46 stores[12] in 34 cities including the existing two large format stores located at Mumbai and Kolkata.[13] It planned to open an additional 20 stores, investing Rs 1000 crore.[12]
Awards
The company received an award for Outstanding Export Performance by the Gems and Jewellery Export Promotion Council (GJEPC). GJEPC duly recognized the perseverance and the performance of the company in 2007 – 2008 and then again in 2008 – 2009.[14]
References
- ^ SGJHL handcrafted gold jewellery export Moneycontrol.com
- ^ SGJHL largest manufacturer and exporter of handcrafted gold jewellery indiainfoline.com
- ^ Company overview of Shree Ganesh Jewellery House Bloomberg businessweek.com
- ^ SGJHL integrated jewellery manufacturing unit at Manikanchan. ndtv.com
- ^ Shree Ganesh forms JV with Italian firm for Domjur plant. business-standard.com
- ^ Shree Ganesh forms JV with Rocks Creation Ltd., Bangladesh economictimes.indiatimes.com
- ^ SGJHL retail brand Gaja retailjewellerindia.com
- ^ SGJHL exports moneycontrol.com
- ^ SGJHL exports profit.ndtv.com/
- ^ Shree Ganesh Jewellery 4 Star Export House nseindia.com
- ^ "Shree Ganesh Jewellery IPO price band at Rs 260 - 270" Business-standard.com, March 17, 2010.
- ^ a b "Shree Ganesh Jewellery to invest Rs 1,000 cr for expansion", Business-standard.com, May 14, 2013.
- ^ SGJHL in expansion mode to set up 20 large format retail stores signnews.in
- ^ SGJHL gets an Award for Outstanding Export Performance in 2007 – 2008 and in 2008 – 2009 business-standard.com