Key Quantitative Figures

  • Total Project Cost: ₹12.00 crore
  • Facility Area: 5,360 sq. ft.
  • Installed Capacity: Approximately 125-150 kg of jewellery per annum
  • Capacity Uplift: Expected to increase overall manufacturing capacity by 50-60%
  • Operational From: August 3, 2026

Facility Details

  • Location: 9B, Mahal Industrial Estate, Leader House, Mahakali Caves Road, Andheri East, Mumbai – 400093
  • Products: Diamond, gold, gemstone, jadau and lab-grown diamond jewellery including rings, earrings, pendants, necklaces, bangles and bracelets
  • Target Market: Leading retail chains and organised jewellery retailers across major cities in India

Company Background

  • Incorporated in 1990, listed on BSE Limited since 1992 (Scrip Code: 523676)
  • Has over 40 years of experience in manufacturing and exporting fine jewellery
  • Operates two export-oriented manufacturing units at SEEPZ, Mumbai
  • Served European and Gulf markets for the past three decades
  • Has strong relationships with renowned international retail chains

Strategic Direction

The company is exploring strategic partnerships, alliances and acquisition opportunities to accelerate its entry into the business-to-consumer (B2C) retail business as part of its long-term growth strategy.

Management Commentary

Mr. Kantikumar Dadha, Chairman & Whole-time Director, stated: "For over forty years, our business has been shaped by the standards that leading retail chains across Europe and the Middle East expect of us. The Indian consumer today expects that same quality and consistency. Our new Mumbai facility allows us to bring the full breadth of our craftsmanship — across diamond, gold, gemstone, jadau and labgrown jewellery — to organised retailers here at home, and to build a meaningful position in the fast-growing lab-grown diamond segment. With our expansion funded and underway, we also see a clear opportunity to move closer to the end consumer over time, and we intend to pursue the right partnerships and alliances to get there."

Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially from expectations.