What we do Palm Jewels Ltd is a wholesale gold jewellery company specializing in chains, bracelets, and necklaces, primarily supplying retailers in Gujarat through B2B marketing. |
Founded in 2,005 |
Market share A significant wholesaler in Gujarat's gold jewellery market with a reputation for quality and diverse designs. |
Problem solved Providing high-quality, finely crafted gold jewellery to retail stores, ensuring trust in purity and design innovation. |
Top clients or who we serve B2B customers including local jewellery retailers across Gujarat. |
Key management Rohit Dalpatbhai Shah (Managing Director), Saunil Rohitkumar Shah (Whole-Time Director). |
Our journey and innovations Founded in 2005, transitioned to public in 2018; focuses on traditional and contemporary gold jewellery designs made by trusted job workers in Ahmedabad and Mumbai. |
Where we operate Operates primarily within Gujarat, India. |
Top products or what we offer Gold chains, bracelets, necklaces made from gold and silver procured from bullion markets. |
Top brands - |
Raw materials needed Gold and silver from bullion markets and local suppliers. |
Raw materials supplier Bullion markets and local suppliers in Ahmedabad. |
Recurring vs cyclical contribution Revenue is primarily cyclical, aligned with gold market and festive demand seasons. |
Our industry position Well-established regional player with a focus on quality and B2B relationships in Gujarat’s jewellery market. |
Financial highlights Total income of Rs 189.74 crore with net profit of Rs 0.54 crore for FY 2024-25, showing steady growth from previous years. |
Geographical revenue split Revenue generated almost entirely from Gujarat. |
Order book - |
Whats driving growth Growing demand for high-quality gold jewellery and strong retailer relationships; quality assurance fuels repeat business. |
Our future plans Continued focus on expanding B2B reach within Gujarat and enhancing design innovation, no major diversification announced. |
Our green promise Digital dissemination of reports highlights environmentally conscious practices; no significant green initiatives disclosed. |
Our people and values Committed to quality, trust, and customer-centric values with a dedicated management team and supportive partners. |
Key challenges ahead Volatility in gold prices and dependency on bullion market supplies could impact margins. |
Interesting facts Transitioned from private to public company in 2018; emphasizes no compromise on product purity and quality. |
Risks and strategy Market fluctuations in precious metals; mitigated by strong supplier relationships and quality control. |
