What we do Shringar House of Mangalsutra Ltd designs, manufactures, and markets high-quality mangalsutras with diverse stones for B2B clients in India and internationally. |
Founded in 2,009 |
Market share Largest B2B manufacturer of mangalsutras in India with pan-India presence and key international markets. |
Problem solved Meets evolving preferences for diverse mangalsutra designs across age groups, blending tradition with modern styles for Indian consumers. |
Top clients or who we serve Serves corporate clients, wholesale jewelers, and retailers including Malabar Gold, Titan, Reliance Retail in B2B model. |
Key management Chetan N Thadeshwar (Chairman & MD), Viraj C Thadeshwar (CEO), Balraj C Thadeshwar (COO). |
Our journey and innovations Founded in 2009, first export in 2014, listed in 2025, pioneer in 24K pure gold mangalsutra in 2026. |
Where we operate India with exports to UAE, UK, New Zealand, USA, Fiji. |
Top products or what we offer Diverse mangalsutra collections in 18k and 22k gold featuring American diamond, cubic zirconia, pearls, semi-precious stones. |
Top brands 15+ curated collections, 10,000+ SKUs, specialized editions like Ring Bracelet, God & Divine Editions. |
Raw materials needed High-purity gold (18k, 22k, 24k), American diamond, cubic zirconia, pearls, semi-precious stones. |
Raw materials supplier Long-term trusted bullion suppliers including Malabar Gold and Aditya Birla Group affiliates. |
Recurring vs cyclical contribution Revenue is largely recurring through sustained B2B client relationships and repeat orders. |
Our industry position Market leader in organized mangalsutra manufacturing with growing market share and high-profile clientele. |
Financial highlights FY25 revenue ₹1429.8 Cr, PAT ₹61.11 Cr; 41% revenue growth in 9M FY26 with improving margins. |
Geographical revenue split India contributes over 98% of revenue; remaining from international markets like UAE and UK. |
Order book - |
Whats driving growth Expanding pan-India network, client expansions, rising organized jewelry demand, and innovation like 24K mangalsutra. |
Our future plans Launch of 24 Karat Shudh Mangalsutra in FY26; expanding manufacturing capacity and geographic reach. |
Our green promise - |
Our people and values 250+ skilled karigars and designers, culture focused on craftsmanship, quality, and trusted partnerships. |
Key challenges ahead Gold price volatility and working capital intensity require efficient inventory and financial management. |
Interesting facts First Indian company to manufacture a 24K gold mangalsutra with a unique hallmark identification. |
Risks and strategy Mitigates gold price risks via hedging; focuses on operational efficiency and long-term client partnerships. |
