What we do Khazanchi Jewellers Ltd designs, manufactures, and retails gold, diamond, and silver jewellery across wholesale and retail markets in India, focusing on wedding and festive occasions. |
Founded in 1,996 |
Market share A prominent player in the Indian jewellery industry with a growing nationwide presence and listed on BSE SME platform. |
Problem solved Provides customers with high-quality, certified, and affordable jewellery blending traditional craftsmanship with modern design. |
Top clients or who we serve Serves over 1000 B2B wholesale clients and retail customers across India with diverse jewellery product offerings. |
Key management Chairman and Jt. Managing Director Mr. Rajesh Mehta, Managing Director Mr. Tarachand Mehta, Executive Director Mr. Goutham. |
Our journey and innovations Founded in 1971, incorporated as a company in 1996, expanded retail presence, launched Vajraa Diamonds brand, and expanded design library. |
Where we operate Primarily operates across India with headquarters in Chennai, Tamil Nadu and a strong retail and wholesale network nationwide. |
Top products or what we offer Offers gold, diamond, silver jewellery including necklaces, rings, bangles, pendants, and bullion products like coins and bars. |
Top brands Vajraa Diamonds by Khazanchi - a premium diamond bridal jewellery collection. |
Raw materials needed Gold, diamonds, silver, precious and semi-precious stones sourced primarily from trusted third-party vendors and artisans across India. |
Raw materials supplier Local artisans and authorized manufacturers across India provide finished jewellery products and raw materials on job work basis. |
Recurring vs cyclical contribution Revenue is largely cyclical, driven by seasonal demand during weddings and festivals, supplemented by regular B2B wholesale sales. |
Our industry position Emerging organized player with a growing footprint in India’s vast and competitive jewellery market, focusing on quality and design innovation. |
Financial highlights FY25 revenue ₹1772.53 Cr, PAT ₹44.92 Cr, EBITDA ₹64.92 Cr, showing over 100% growth in revenues since FY23. |
Geographical revenue split Majority revenue from Tamil Nadu (~71% in FY25), with expanding sales in other Indian states. |
Order book - |
Whats driving growth Growth driven by expanding retail showroom, design innovations, brand Vajraa Diamonds launch, and increasing festive/wedding demand. |
Our future plans Launch of a 10,000 sq.ft flagship showroom in Chennai to enhance retail presence and customer experience. |
Our green promise Committed to sustainability initiatives and efficient resource management; details available on company website. |
Our people and values Strong leadership with over 50 years of combined industry experience; focus on craftsmanship, customer-centric culture, and fair practices. |
Key challenges ahead Managing supply chain amid precious metal price volatility and competition from unorganized sector. |
Interesting facts Listed on BSE SME platform in 2023 and operates the Jewellery Purchase Plan App for customer digital purchasing ease. |
Risks and strategy Mitigates risks through diversified product portfolio, strong vendor relationships, and adherence to quality and regulatory standards. |
