What we do Thangamayil Jewellery Ltd is a leading jewellery retailer in Tamil Nadu, specializing in gold, diamond, and platinum ornaments both made-to-order and readymade. |
Founded in 2,000 |
Market share One of the leading organized jewellery retailers in Madurai and expanding across Tamil Nadu with 60+ outlets. |
Problem solved Offers reliable, hallmarked precious jewellery with quality assurance through own manufacturing and hallmarking, catering to evolving customer preferences. |
Top clients or who we serve Retail customers in Tamil Nadu, including emerging semi-urban and rural markets seeking certified gold and diamond jewellery. |
Key management Managing Director Balasama Govinda Das, Joint Managing Directors Ba. Ramesh and N.B. Kumar. |
Our journey and innovations Founded in 2000, pioneered hallmarking in Madurai, expanded retail network to 60+ outlets, and adopted an asset-light expansion model. |
Where we operate Tamil Nadu, with emerging presence in Chennai metropolitan area and other cities within the state. |
Top products or what we offer Gold, diamond, and platinum jewellery including chains, necklaces, bangles, rings, and fashion jewellery. |
Top brands Thangamayil Jewellery - well-known regional brand with strong customer trust and quality legacy. |
Raw materials needed Gold, diamonds, platinum, and silver obtained from dealers across Andhra Pradesh, Gujarat, Kerala, and West Bengal. |
Raw materials supplier Local and regional dealers from multiple Indian states supplying precious metals and stones. |
Recurring vs cyclical contribution Revenue is primarily cyclical, influenced by gold price movements and festive seasons but supported by ongoing retail demand. |
Our industry position Strong regional player in organized retail jewellery with a growing presence and competitive edge in hallmarking and product quality. |
Financial highlights FY 2024-25 Revenue: ₹4910.58 Cr; Net Profit: ₹118.71 Cr; EBITDA: ₹224.68 Cr; consistent growth and resilience despite market volatility. |
Geographical revenue split Primarily Tamil Nadu region with increasing contribution from Chennai and semi-urban areas. |
Order book - |
Whats driving growth Retail outlet expansion, enhanced brand visibility, improved product mix, and better gold price realizations. |
Our future plans Plan to open at least 8 new outlets in Tamil Nadu, focusing on Chennai suburbs with an asset-light model. |
Our green promise - |
Our people and values Employee strength increased to 3,086 fostering leadership development and adherence to ethical business practices. |
Key challenges ahead Gold price volatility, intense competition, high working capital needs, and rising brand building costs. |
Interesting facts Introduced hallmarking first in Madurai and launched 'Akshya Thritiyai' sales in partnership with World Gold Council. |
Risks and strategy Mitigates gold price risk through 96% hedging; controls cost via operational efficiencies and focuses on penetrative regional growth. |
