Shree Ganesh Jewellery on a high

Shree Ganesh Jewellery, with a turnover of approx Rs 4,500 crores is growing at a rate of 58

per cent year-on-year. This year, they have had a mix bag in revenue generation. The company is a major player in plain gold jewelry. They have large manufacturing facilities, which cater to the supply side. While around Rs 500 crores comes in from the retail segment. The topline of Rs 5,000 crores comes from the export business. The export is mainly to the Middle East followed by Hong Kong and Singapore. This year, 75 to 80 per cent of revenue has come from plain gold jewelry and 10 per cent from diamond and ruby studded jewelry.

Right now, the company has around 20 retail outlets and expects to add around 30 more stores next year. With this addition, the company expects to generate revenues of about Rs 1,000 crores. A gold refining plant is being commissioned in April 2011.  With a capacity of 36 tons, it is one of the largest such plants in India and will bring profits up by about 2 to 3 per cent next year. The company is a 4 Star export house (Government of India recognized). It is one of the leading manufacturer and exporter of hallmarked and handcrafted gold jewelry from India and the shares of the company are listed in Bombay Stock Exchange and National Stock Exchange.