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 | ₹6,593 Crore (US$ 1.0 billion approx)(2013) |
| ₹365 Cr. | |
| ₹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. 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 Emirates (UAE), Singapore and Hong Kong.[8]
The company opened its first branded retail jewellery store at Kolkata and Ahmedabad in October 2007. The company proposed an initial public offer of 14,269,831 equity shares in 2010.[9] In 2013 the company operated through 46 stores[10] in 34 cities including the existing two large format stores located at Mumbai and Kolkata.[11] It planned to open an additional 20 stores, investing ₹1000 crore.[10]
Controversy
Nilesh Parekh was arrested for alleged fraud in the diversion of 1,700 kg of primary gold.
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
- ^ http://www.ndtv.com/topic/shree-ganesh-jewellery-house/news/page-2SGJHL integrated jewellery manufacturing unit at Manikanchan.] ndtv.com Archived 4 March 2016 at the Wayback Machine
- ^ Reporter, BS (20 January 2013). "Shree Ganesh forms JV with italian firm for Domjur plant". Business Standard.
- ^ "Shree Ganesh Jewellery House enters into joint venture with Rocks Creation of Bangladesh". The Economic Times. Archived from the original on 20 August 2014. Retrieved 4 August 2025.
- ^ "GAJA opens store in Ludhiana". retailjewellerindia. Archived from the original on 14 July 2013.
- ^ "Buy Shree Ganesh Jewellery; tgt Rs 170: Sunidhi Securities". moneycontrol.
- ^ "Shree Ganesh Jewellery IPO price band at Rs 260 - 270" Business-standard.com, 17 March 2010.
- ^ a b "Shree Ganesh Jewellery to invest Rs 1,000 cr for expansion", Business-standard.com, 14 May 2013.
- ^ SGJHL in expansion mode to set up 20 large format retail stores signnews.in