Bhima Jewellers

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Bhima Jewellers
Company type Private
IndustryJewellers
Founded1925;100 years ago (1925)
Founder Bhima Bhattar
Headquarters
India
Number of locations
>116
Area served
ProductsJewellery
Number of employees
7000
Website www.bhima.ae www.bhima.com www.bhimagold.com

Bhima Jewellers is a jewellery retail company based in India. It was established by Bhima Bhattar in the year 1925. [2] As of June 2023, the group has 116 jewellery shops [3] across South India and more than 7000 employees. Bhima Jewellers were the first jewellery store to introduce ready-made jewellery concept under the guidance of its founder Bhima Bhattar. [4]

Contents

Bhima has branches at United Arab Emirates, Chennai, Kottayam, Thirunelveli, Thiruvananthapuram, Kochi, [5] Kozhikode, [6] Bengaluru, Nagercoil and Madurai. After the death of founder Bhattar, the Bhima Group was managed by his five sons, Girirajan, Govindan, Krishnan, Bindumadhav and Lakshmikanthan, with each having separately managed headquarters and their own chain of branches. [7] In 2012, Bhima announced a 2-year plan to expand its jewellery network by investing ₹5,500 crore. [8]

With a turnover of ₹48,000 crore in 2022, it is considered one of the six firms that controlled India's gold. [9]

Bhima Jewels Showroom in Hyderabad Bhima Jewels Showroom.jpg
Bhima Jewels Showroom in Hyderabad

Products

Their major products include Exquisite Diamonds, Platinum,Traditional Kerala designs, Tamil Nadu designs, Contemporary Designs, Bengali heavy-weight designs, Nellore colour Stone studded jewellery, Karwar precious Stone studded jewellery, diamond, [10] platinum and silver jewellery. [11]

Awards

Bhima has been retaining its position of highest sales tax paying [12] jewellery showroom award in Kerala State for several years and also maintains top position [13] in the Grand Kerala Shopping Festival (GKSF), [14] [15] [16] conducted by the Government of Kerala.

Bhima Jewellery achieved record-breaking sales of over 250 kilograms of gold and 400 carats of diamonds in a single day across three showrooms in Thiruvananthapuram. The flagship showroom on MG Road alone accounted for 160 kilograms of gold and 320 carats of diamonds. These sales, achieved without any marketing activities, marked a Guinness World Record during Bhima's centenary celebrations.

Expansion Plan in Middle East

Bhima Corporate Office in Dubai Bhima Corporate Office.jpg
Bhima Corporate Office in Dubai

Bhima Jewellers, one of the oldest and family-run Indian jewellers, will raise Dh1 billion from high net worth individuals (HNWIs) and foreign institutional investors (FIIs) in the GCC and globally to fund its expansion plan across the Gulf region [17]

See also

References

  1. ↑ Indian jeweller ventures into Dubai – Emirates 24|7
  2. ↑ "Top 6 jewellers who control India's gold". The Economic Times. Retrieved 2020-05-15.
  3. ↑ "Bhima sees gold glittering in South". The Economic Times. Archived from the original on June 19, 2014.
  4. ↑ "Bhima Jewellers Collections, Offers, Schemes, Branches & More". Goodreturn. Retrieved 2020-05-22.
  5. ↑ "Pure gold for Akshaya Tritiya Kochi Showroom". The Hindu . 2010-05-16. Archived from the original on 2011-06-18.
  6. ↑ "Bhima's renovated showroom in Kozhikode". The Hindu.
  7. ↑ "Bhima: A Century of Trust". The Times of India. 2023-03-16. ISSN   0971-8257 . Retrieved 2023-09-26.
  8. ↑ "Bhima plans 500 crore expansion". The Times of India . Archived from the original on 2013-04-11.
  9. ↑ Bhima Jewellers – Top 6 jewellers who controls India's gold | The Economic Times
  10. ↑ "New Diamond Collection". The Hindu.
  11. ↑ "Award-winning Bhima designs". The Hindu.
  12. ↑ "Highest Tax Payer-State Award". The Hindu . 2010-12-14. Archived from the original on 2011-02-09.
  13. ↑ "GKSF top slot for Bhima". The Hindu . 2011-02-02. Archived from the original on 2011-02-06.
  14. ↑ "Grand Kerala Shopping Festival (GKSF)". The Hindu.
  15. ↑ "Grand Kerala Shopping Festival (GKSF) Kerala".
  16. ↑ "Achievement for Bhima". The Hindu.
  17. ↑ "Khaleej Times".
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