What we do Kenrik Industries Ltd manufactures and wholesales plain and studded gold jewelry, focusing on traditional Indian designs with BIS Hallmark certification. |
Founded in 2,017 |
Market share Emerging player in the Indian traditional gold jewelry market with a growing presence via wholesale channels. |
Problem solved Provides certified, high-quality traditional Indian gold jewelry catering to diverse customer preferences. |
Top clients or who we serve Serves wholesalers and retailers in the bullion and jewelry market; primarily B2B. |
Key management Nitin Dalpat Lal Shah (Chairman and Managing Director), Nihar Nitinbhai Shah (Executive Director and CFO). |
Our journey and innovations Founded in 2017, transitioned to public company in 2018, listed on BSE SME in 2025 through IPO raising Rs 8.75 Cr. |
Where we operate Ahmedabad-based operations serving India's dynamic bullion and jewelry market. |
Top products or what we offer Handmade gold jewelry studded with diamonds, rubies, cubic zirconia and semi-precious stones. |
Top brands - |
Raw materials needed Gold and precious/semi-precious stones like diamond, ruby, cubic zirconia. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from cyclical wholesale gold jewelry sales tied to bullion market dynamics. |
Our industry position Newly listed company growing steadily, focusing on certified traditional gold jewelry segment. |
Financial highlights Revenue of Rs 74.74 Cr and net profit of Rs 0.99 Cr in FY 2024-25, showing growth over previous year. |
Geographical revenue split - |
Order book - |
Whats driving growth Growing consumer demand for certified traditional jewelry and expansion of wholesale operations. |
Our future plans Strengthen market presence, expand product range, and leverage IPO proceeds for growth. |
Our green promise - |
Our people and values Committed team focusing on quality, customer preference, and ethical business practices. |
Key challenges ahead Volatility in gold prices and intense competition in the jewelry market. |
Interesting facts Rapid progression from private limited in 2017 to public listing on BSE SME in 2025. |
Risks and strategy Managing bullion price risks and enhancing differentiation through certified, quality products. |
