>Shree Ganesh Jewellery House Ltd. (KREDENT FINANCE)

Company background
■ Shree Ganesh Jewellery House Ltd is a Rs.2,300 crores (US$ 500 million), 4 STAR export house (govt. of India recognized) company and is the largest manufacturer and exporter of hallmarked and handcrafted gold jewellery from India

■ The group is promoted and headed by Mr. Nilesh Parekh and Mr. Umesh Parekh Headquartered in Kolkata, with subsidiary offices in Hyderabad, Chennai, Bangalore, and Delhi. The group is into manufacturing of gold, diamonds and gemstone studded jewellery

■ The Company’s products have presence across different price points to cater to all customers across high-end, mid market and value market segments. They are designed by a team of creative designers which help in managing a large and diverse portfolio of designs

■ The Company’s export income has grown at a CAGR of 72.71% from FY07 to FY09. The Company’s share in the India’s gold jewellery exports has increased from 1.83% to 6.10% during the same period. During the FY07, FY08 and FY09 the company exported 86.73%, 94.13% and 99.22% of its products, respectively. The products are primarily exported to countries such as the U.A.E, Singapore and Hong Kong

■ The Company intends to open 17 outlets of which 14 are proposed to be on freehold basis and three are proposed to be on leasehold basis. The Company propose to open three large outlets, four medium outlets and 10 small outlets

■ The Company markets its product through brand store “Gaja”. It has also has a tie up with Mr. Sabyasachi Mukherjee for jewellery designing and has recently launched the collection designed by him

To read the full report: SHREE GANESH JEWELLERY