| Gold Refining and Manufacturing | Gold refining up to 2,400 tons p.a. and manufacturing of 400 tons p.a. of gold jewelry, bars, coins, and medallions. | Ownership of world's largest refinery Valcambi; vertically integrated value chain; global export network. | B2B focus with bullion banks, central banks, wholesale and export customers worldwide. | Design-led studded jewelry and branded consumer products. | 280000 | 95 | Sales of refined gold products and jewelry to bullion banks, exporters, and jewelry trade. | Market-linked pricing based on prevailing gold rates and order contracts. | Increasing global demand for certified pure gold products and export market expansion. | Valcambi, Rajesh Refined Gold |
| Retail Jewelry | Branded retail gold jewelry and related services through 82+ showrooms mainly in Karnataka, India. | Strong brand presence, exclusive designs, and customer trust in SHUBH Jewellers. | B2C retail consumers seeking trusted branded gold products. | Branded studded and designer jewelry collections. | 15000 | 5 | Retail sales and customer services including jewelry customization and after-sales. | Direct sales with competitive pricing and loyalty programs. | Rising consumer gold demand, brand expansion, and innovative product offerings. | SHUBH Jewellers, Laabh Jewellers |
