What we do RO Jewels Limited is engaged in wholesale of gold and silver jewelry including chains, bracelets, bars, and necklaces, primarily in Gujarat via B2B sales. |
Founded in 2,018 |
Market share A notable regional player in Gujarat's gold and silver jewelry wholesale market with a diverse product portfolio. |
Problem solved Provides reliable access to hallmarked gold and silver jewelry with trusted purity, catering to dynamic customer preferences. |
Top clients or who we serve Jewelry stores across Gujarat served through direct B2B marketing and showroom sales. |
Key management - |
Our journey and innovations Started as a private limited in 2018, became public in 2019, and merged a promoter's business to expand its reach. |
Where we operate Primarily operates in Gujarat, India, with procurement in Ahmedabad and Mumbai. |
Top products or what we offer Gold and silver chains, bracelets, bars, and necklaces sourced from manufacturers and wholesalers. |
Top brands - |
Raw materials needed Gold and silver bullion and ready-made jewelry items. |
Raw materials supplier Sourced from bullion markets and jewelry manufacturers in Ahmedabad and Mumbai. |
Recurring vs cyclical contribution Sales revenue depends on market demand and precious metal prices, hence moderately cyclical. |
Our industry position Growing presence in the regional wholesale precious jewelry industry with industry experience of promoters. |
Financial highlights FY24 revenue approx. Rs 367.6 crore with net profit of Rs 0.92 crore; FY23 had higher earnings. |
Geographical revenue split Revenue concentrated in Gujarat region. |
Order book - |
Whats driving growth Demand for hallmarked jewelry, expanding B2B relationships, and diverse product range. |
Our future plans No major changes reported; focus on steady business operations and compliance. |
Our green promise Not specified. |
Our people and values Experienced promoter team with four decades in gems and jewelry; focused on ethical operations. |
Key challenges ahead Market price volatility of precious metals and competitive wholesale landscape. |
Interesting facts BIS hallmark certification for authenticity enhances consumer trust. |
Risks and strategy Mitigate risks through stringent quality control and diversification of product portfolio. |
