What we do Kenvi Jewels Ltd manufactures and retails gold and diamond-studded jewellery, offering traditional and modern designs through its brand Suvarnakrupa based in Ahmedabad. |
Founded in 2,013 |
Market share Known brand locally in Ahmedabad with a strong presence in retail and wholesale gold jewellery market. |
Problem solved Provides customers with trusted, high-quality gold and diamond jewellery catering to diverse styles and occasions. |
Top clients or who we serve Retail customers through showrooms; wholesale clients; primarily B2C with some B2B trading. |
Key management Chirag Champaklal Valani (Managing Director), Hetalben Chiragkumar Valani (Executive Director) |
Our journey and innovations Incorporated in 2013 as Suvarnkrupa Ornaments, renamed Kenvi Jewels in 2017, IPO in 2018 raising Rs 6.7 Cr; in-house design and manufacturing unit. |
Where we operate Operations centered in Ahmedabad, Gujarat with plans for regional expansion. |
Top products or what we offer Gold jewellery with/without diamonds, including wedding, festive collections, rings, chains, earrings, mangalsutra, and bangles. |
Top brands Suvarnakrupa - well-known local brand with extensive traditional and modern jewellery collections. |
Raw materials needed Gold, diamonds, precious and semi-precious stones. |
Raw materials supplier Suppliers from local and regional markets; specifics not disclosed. |
Recurring vs cyclical contribution Revenue mostly from retail sales which can be cyclical, driven by festive and wedding seasons. |
Our industry position Emerging player with localized brand recognition; growth focused in Ahmedabad jewellery market. |
Financial highlights FY 2024-25 revenue Rs 161.95 Cr, net profit Rs 0.75 Cr, demonstrating steady growth from Rs 121.42 Cr in prior year. |
Geographical revenue split Primarily Ahmedabad and nearby regions; no detailed geographical breakdown available. |
Order book - |
Whats driving growth Increasing local demand for traditional and modern gold jewellery; investments in design and manufacturing. |
Our future plans Enhance retail presence in Gujarat and neighboring markets; increase product range and customer reach. |
Our green promise - |
Our people and values Focus on ethical practices, employee welfare and inclusive culture; compliance with workplace harassment policies. |
Key challenges ahead Competition from large jewellery chains and volatility in gold prices impacting margins. |
Interesting facts Company transformed from private to public entity within four years and maintained robust compliance and governance. |
Risks and strategy Mitigate market and operational risks via strong internal controls and diversified product portfolio. |
