What we do Viram Suvarn Ltd is a wholesaler, trader, and retailer specializing in branded gold and silver jewelry, offering diverse traditional and modern designs catering to various regional tastes in India. |
Founded in 2,014 |
Market share A notable player in Ahmedabad’s regional jewelry market with a focus on quality certified traditional and modern ornaments. |
Problem solved Meets diverse customer preferences by providing certified, stylish, and regionally tailored gold and silver jewelry products efficiently through integrated retail and wholesale channels. |
Top clients or who we serve Mainly serves retail customers and local traders across Ahmedabad and nearby localities interested in traditional, modern, and Indo-Western jewelry. B2B and B2C focus. |
Key management - |
Our journey and innovations Founded in 2014, underwent multiple name changes, went public in 2016, and evolved as a distributor and trader with certified jewelry tailored for regional tastes. |
Where we operate Primarily operates in the local markets of Ahmedabad and surrounding regions in India. |
Top products or what we offer Gold and silver jewelry including Kundan, gem-stone, American diamond-studded ornaments and plain traditional designs. |
Top brands - |
Raw materials needed Gold, Silver, precious and semi-precious stones, Kundan, American diamonds. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical, driven by seasonal and festival demand cycles in the jewelry sector. |
Our industry position Established regional wholesaler and retailer in Ahmedabad’s jewelry market with increasing revenue and profitability. |
Financial highlights FY2024-25 revenue Rs. 2364 crore, net profit Rs. 341 crore, with 22% revenue and 38% profit growth year-over-year. |
Geographical revenue split Revenue primarily from Gujarat region with focus on Ahmedabad and nearby localities. |
Order book - |
Whats driving growth Rising demand for diverse regional jewelry designs, operational efficiency, and expansion in retail and wholesale trading channels. |
Our future plans Proposed rights issue to fuel expansion and diversify product offerings, aiming for enhanced market presence post approval. |
Our green promise Implements energy-efficient operations with LED lighting and energy-saving appliances; exploring sustainable practices. |
Our people and values Small workforce of 5 permanent employees, culture emphasizes quality, compliance, and traditional values with governance framework. |
Key challenges ahead Maintaining competitive edge amid regulatory compliance, fluctuating raw material prices, and sustaining growth in cyclical markets. |
Interesting facts Company underwent multiple name changes before settling as Viram Suvarn Ltd in 2025; strong focus on traditional jewelry in Ahmedabad. |
Risks and strategy Mitigates regulatory and operational risks through strong governance, internal controls, and adherence to compliance policies. |
