What we do Shoora Designs Ltd manufactures and trades rough, polished, and uncut diamonds, primarily supplying jewelry manufacturers and wholesalers in Surat and Mumbai, India. |
Founded in 2,021 |
Market share Emerging player in domestic diamond trade with strong presence in Surat and Mumbai markets. |
Problem solved Provides reliable sourcing and processing of diamonds, improving availability and pricing transparency for jewelers. |
Top clients or who we serve Domestic jewelry manufacturers, wholesalers, and retail stores in Gujarat and Maharashtra; operates B2B and B2C channels. |
Key management Satish Kalubhai Kansodariya (Managing Director), Rajeshbhai Labhubhai Mer (Whole-time Director) |
Our journey and innovations Founded in 2021, transitioned from textiles to diamonds in 2022; launched an online diamond catalog and completed IPO in 2023. |
Where we operate India, focusing on Surat (Gujarat) and Mumbai (Maharashtra). |
Top products or what we offer Rough diamonds, polished cut diamonds, and uncut diamonds available offline and via online platform. |
Top brands - |
Raw materials needed Rough diamonds sourced domestically from primary and secondary suppliers. |
Raw materials supplier Local diamond suppliers in Surat and other domestic markets. |
Recurring vs cyclical contribution Sales revenue mainly transactional and cyclical based on market demand. |
Our industry position Growing presence in India's diamond cutting and trading sector; IPO attracted Rs 20.30 crore capital. |
Financial highlights FY 2024-25 revenue Rs 4.86 crore; net profit Rs 0.06 crore showing turnaround from prior year loss. |
Geographical revenue split Majority revenue from Gujarat and Maharashtra markets in India. |
Order book - |
Whats driving growth Expanding market access in Mumbai, digital catalog innovation, increased IPO capital for scaling operations. |
Our future plans Increase production capacity, expand digital sales, deepen presence in Mumbai and other Indian markets. |
Our green promise - |
Our people and values Committed to governance and compliance with diverse experienced leadership and employee dedication. |
Key challenges ahead Managing market fluctuations in diamond pricing and sourcing while scaling operations. |
Interesting facts Transitioned from textile sector to diamond industry within two years of inception. |
Risks and strategy Mitigates market and operational risks through diversification of suppliers and leveraging online sales channel. |
