What we do Sparkle Gold Rock Ltd manufactures cotton yarn and engages in cotton ginning and trading. Recently, it is diversifying into mining and jewelry sectors. |
Founded in 1,991 |
Market share Operates mainly in Karnataka's cotton market; a historic player in cotton yarn manufacturing though currently business activities are limited. |
Problem solved Provides quality cotton yarn and raw cotton to spinning mills, supporting handloom sectors; addressing demand for cotton-based raw materials. |
Top clients or who we serve Spinning mills in South India, oil units in Karnataka and neighbouring states; B2B focused. |
Key management - |
Our journey and innovations Incorporated in 1991; initially manufactured cotton yarn; recently ceased spinning operations due to funds shortage and is diversifying into mining and jewelry since 2025. |
Where we operate Operates primarily in Karnataka, India, including Chitradurga and surrounding cotton-growing regions. |
Top products or what we offer Cotton yarn in hank form, cotton lint, cotton seeds, and now expanding into stone, marble, granite mining, and jewelry businesses. |
Top brands - |
Raw materials needed Raw cotton sourced from APMC yards directly from farmers. |
Raw materials supplier Farmers at Agricultural Produce Market Committee (APMC) yards in Karnataka and surrounding areas. |
Recurring vs cyclical contribution Business is seasonal and cyclical, dependent on cotton crop cycles and market demand. |
Our industry position Established regional presence in cotton yarn and ginning; currently hindered by financial constraints; exploring new sectors for growth. |
Financial highlights FY2023-24 revenue approx ₹9 crore, net loss ₹0.25 crore; reported profit in other income mainly due to asset sale. |
Geographical revenue split Revenue primarily from Karnataka and South Indian markets. |
Order book - |
Whats driving growth Diversification into mining and jewelry; asset sales improved financial position; recovering from past operational shutdowns. |
Our future plans Focus on mining operations for stones, marble, granite, and expand jewelry business starting 2025. |
Our green promise - |
Our people and values Board undergoing changes; no significant employee growth; emphasis on compliance and governance restructuring. |
Key challenges ahead Financial constraints, market competition, past operational shutdowns, and need to establish new business verticals. |
Interesting facts Originally incorporated as Sree Jayalakshmi Autospin Limited; name changed in 2025 coinciding with business diversification. |
Risks and strategy Risks include funding shortages and market fluctuations; strategy focuses on diversification and governance improvements. |
