What we do Moksh Ornaments Ltd manufactures and wholesales gold jewellery including bangles, chains, and mangalsutras, mainly catering to retail customers through innovative designs and certified purity. |
Founded in 2,012 |
Market share A recognized player in the Indian gold jewellery wholesale market with growing revenue and expanding customer base. |
Problem solved Addresses consumer demand for high-quality, trustworthy, hallmark-certified gold jewellery with contemporary and traditional designs. |
Top clients or who we serve Primarily serves retailers and wholesalers in the Indian jewellery market (B2B) and indirectly retail customers through partners. |
Key management Amrit J. Shah (Chairman & Managing Director) and Jawanmal M. Shah (Co-Promoter). |
Our journey and innovations Started in 2012 taking over sole proprietorships; went public in 2017; focuses on new design development and BIS hallmarking. |
Where we operate Operations primarily based in Mumbai and Kolkata, India. |
Top products or what we offer Gold jewellery products including bangles, chains, and mangalsutras, manufactured in 18K and 22K purity. |
Top brands - |
Raw materials needed Gold primarily in 18 karat and 22 karat purity. |
Raw materials supplier Supplied by licensed third-party manufacturers and designers based in Mumbai and Kolkata. |
Recurring vs cyclical contribution Revenue is cyclical, correlated with consumer demand and gold price fluctuations. |
Our industry position Emerging mid-sized player in the wholesale gold jewellery manufacturing sector with steady growth. |
Financial highlights FY2025 revenue approximately Rs 582 crore; profit after tax Rs 8.43 crore; consistent annual growth over previous year. |
Geographical revenue split - |
Order book - |
Whats driving growth Growing consumer demand, innovative design development, hallmarking trust, and expansion of wholesale network. |
Our future plans Focus on enhancing design portfolio, expanding manufacturing partnerships, and increasing market penetration. |
Our green promise - |
Our people and values Committed to ethical business practices, employee safety, and fostering a harassment-free workplace. |
Key challenges ahead Managing supply chain risks, fluctuating gold prices, and competitive market dynamics. |
Interesting facts First public issue in 2017 raised Rs 11.03 crore; jewellery products are BIS hallmark certified for purity. |
Risks and strategy Risk management policy in place addressing operational and market risks; internal controls uphold integrity and compliance. |
