What we do Divine Hira Jewellers Ltd designs, manufactures, and sells 22K gold and silver jewellery, including necklaces, bangles, coins, and wedding ornaments, primarily servicing wholesalers and retailers. |
Founded in 2,022 |
Market share Emerging player in Mumbai's bullion market with growing presence among wholesalers and retailers nationwide. |
Problem solved Providing high-purity, diverse gold and silver jewellery meeting large-scale wholesale demands with consistent quality assurance. |
Top clients or who we serve Wholesalers, showrooms, retailers in India; primarily B2B with expanding coverage. |
Key management Hirachand Pukhraj Gulecha (Managing Director), Niraj Hirachand Gulecha (Whole Time Director), Khushbu Niraj Gulecha (Director). |
Our journey and innovations Founder started in silver trade in 1984; incorporated as a public limited company in 2022; launched IPO in 2025 to fund expansion. |
Where we operate Operations centered in Mumbai's Zaveri Bazar; serving pan-India wholesalers and retailers. |
Top products or what we offer 22 Karat gold and silver jewellery including machine-made and handmade necklaces, mangalsutras, chains, rings, bangles, coins and wedding collections. |
Top brands No distinct brands yet; flagship offering is a wide range of 22K gold jewellery with emphasis on purity and design variety. |
Raw materials needed Gold and silver bullion, primarily 22 Karat gold bars and coins for manufacturing jewellery. |
Raw materials supplier Sourced from bullion markets and suppliers in Mumbai's Zaveri Bazar. |
Recurring vs cyclical contribution Revenue largely from bulk sales to wholesalers, mix of recurring orders driven by wedding seasons and market demand. |
Our industry position A growing regional player leveraging long-established local roots and wholesale relationships in jewellery manufacturing and distribution. |
Financial highlights FY 2024-25 revenue Rs. 358.81 Cr with a net profit of Rs. 5.56 Cr, showing strong growth from previous year. |
Geographical revenue split Primarily Indian market with Mumbai as operations hub; no significant international revenue reported. |
Order book - |
Whats driving growth Increased wholesale demand, product range expansion and market penetration in major Indian cities. |
Our future plans Expand customer base across India, increase product offerings, and capitalize on IPO funding for growth. |
Our green promise - |
Our people and values Focus on employee skill development and maintaining a healthy work environment with strong industrial relations. |
Key challenges ahead Market competition, fluctuations in gold prices, and maintaining supply chain and quality standards. |
Interesting facts Company originated from a silver business started in 1984 and formalized its public entity in 2022 with successful IPO in 2025. |
Risks and strategy Gold price volatility and supply risks mitigated via strong supplier relations and diversified product portfolio. |
