Trading Symbol: SKYGOLD
Date: 17th August 2026
Index Inclusion Announcement
Sky Gold & Diamonds Ltd has been added to the MSCI India Domestic Small Cap Index as part of the latest index review announced by MSCI. The inclusion marks an important milestone for the company, reflecting its growing presence and relevance within India's listed small-cap universe.
Operational and Financial Updates
A key development during the current quarter has been the company turning operating cash flow positive, marking an important step in improving working capital discipline and strengthening the quality of its growth. The company remains focused on balancing business expansion with profitability and cash flow generation.
Governance and Management Framework
Sky Gold is simultaneously strengthening its governance and management framework with a structured leadership approach and robust financial and governance processes. This includes engagement with a large global accounting firm to enhance institutional readiness.
Operational Strategy
Operationally, Sky Gold continues to focus on lightweight and value-added jewellery while expanding its customer base and strengthening its presence across organised jewellery retail. The company's asset-light manufacturing model remains central to its strategy of scaling capacity while maintaining capital efficiency.
Management Commentary
Mr. Mangesh Chauhan, Managing Director, commented that the inclusion represents important recognition of the company's growth journey from building scale to building a stronger, more disciplined and institution-ready organization. The focus moving forward is on building a sustainable business that grows profitably, converts growth into cash, deploys capital efficiently, and strengthens systems and governance required to operate at a much larger scale.
With Sky Gold 3.0, the company is building the organization for the next phase of growth with greater financial discipline, deeper customer relationships, and a stronger scalable operating model. The management believes this inclusion will further broaden Sky Gold's visibility within the institutional investment community and reinforce commitment to creating long-term value for stakeholders.
Company Background
Established in 2005 and headquartered in Mumbai, Sky Gold and Diamonds Limited is one of India's fastest-growing B2B jewellery manufacturers, specialising in lightweight, design-led and studded jewellery. The company has 180+ designers, 1,50,000 sq. ft. of manufacturing space, and a design library of 900,000+ SKU's, serving India's leading jewellery retailers and rapidly expanding into global markets.