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.SGJHL handcrafted gold jewellery export Moneycontrol.comSGJHL largest manufacturer and exporter of handcrafted gold jewellery indiainfoline.com Bloomberg businessweek.com
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).http://www.ndtv.com/topic/shree-ganesh-jewellery-house/news/page-2SGJHL integrated jewellery manufacturing unit at Manikanchan.] ndtv.com 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. The company enters into joint venture with Rocks Creation Limited of Bangladesh for manufacturing of Gold and Diamond Jewellery. The company markets its jewellery products under brand name Gaja. Apart from retail business the company primarily exports its products to the United Arab Emirates (UAE), Singapore and Hong Kong.
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."Shree Ganesh Jewellery IPO price band at Rs 260 - 270" Business-standard.com, 17 March 2010. In 2013 the company operated through 46 stores"Shree Ganesh Jewellery to invest Rs 1,000 cr for expansion", Business-standard.com, 14 May 2013. in 34 cities including the existing two large format stores located at Mumbai and Kolkata.SGJHL in expansion mode to set up 20 large format retail stores signnews.in It planned to open an additional 20 stores, investing ₹1000 crore.
Controversy
Nilesh Parekh was arrested for alleged fraud in the diversion of 1,700 kg of primary gold.
References
External links SGJHL Official Website