Well Established Jewelry Biz Raising Funds In Sangaria
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About Business
Established in 1955 in Sangaria, Rajasthan, this is a well-established jewelry business with a strong legacy of trust and customer loyalty. The company specializes in gold, silver, and diamond jewelry, catering primarily to a loyal customer base spread across a 170–260 km radius.
The current promoter joined the family business in 2002 at the age of 16 and brings over 22 years of hands-on experience in the jewelry industry. Under his active leadership, the business achieved an annual turnover of INR 36 crore in the financial year 2011–2012 (based on an average gold price of INR 30,000). With adequate stock and working capital, the business has the potential to scale its annual sales to INR 90-100 crore.
Clientele type
The clientele predominantly consists of Zamindars and Baniya communities, many of whom have been associated with the business for decades.
Premises
OWNED
Premise Size: 20/20 + 20/20
Market Value (in INR): 3.00 Cr
The business operates out of a prominent showroom spread across the ground and first floors in Hanumangarh, Rajasthan.
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 20.00 Cr
Minimum ticket size
INR 20.00 Cr
Reason
The owner is looking to raise funds to support the procurement of jewelry stock, enabling it to meet increasing customer demand and further expand its sales volume.
Licenses
Hallmark license
More Details
The operations are managed by an experienced team of 11 members.
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₹10 to ₹200 Cr
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