Shree Ganesh Jewellery House

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Shree Ganesh Jewellery House (I) Ltd.
Company typePublic
NSE:SGJHL
IndustryJewellery
Headquarters
Kolkata, India
Key people
Mr. Nillesh Parrekh (Chairman)
ProductsGold and Diamond Jewellery
Revenue₹6,593 Crore (US$ 1.0 billion approx)(2013)
₹365 Cr.
₹293 Cr.
Website www.sgjhl.com

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]

Contents

Overview

The company was founded by two brothers, Nillesh Parrekh and Umesh Parekh, in 2002.[ citation needed ] 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.[ citation needed ] 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.[ citation needed ]

References

  1. ↑ SGJHL handcrafted gold jewellery export Moneycontrol.com
  2. ↑ SGJHL largest manufacturer and exporter of handcrafted gold jewellery indiainfoline.com
  3. ↑ Company overview of Shree Ganesh Jewellery House Bloomberg businessweek.com
  4. ↑ 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
  5. ↑ Reporter, BS (20 January 2013). "Shree Ganesh forms JV with italian firm for Domjur plant". Business Standard.
  6. ↑ "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.
  7. ↑ "GAJA opens store in Ludhiana". retailjewellerindia. Archived from the original on 14 July 2013.
  8. ↑ "Buy Shree Ganesh Jewellery; tgt Rs 170: Sunidhi Securities". moneycontrol.
  9. ↑ "Shree Ganesh Jewellery IPO price band at Rs 260 - 270" Business-standard.com, 17 March 2010.
  10. 1 2 "Shree Ganesh Jewellery to invest Rs 1,000 cr for expansion", Business-standard.com, 14 May 2013.
  11. ↑ SGJHL in expansion mode to set up 20 large format retail stores signnews.in
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