Ashapuri Gold Ornament Ltd secures orders worth Rs. 100 crore at IIJS Premiere 2023

Ashapuri Gold Ornament Ltd. one of India's leading manufacturers of antique gold jewellery has received orders worth Rs. 100 crore at the Indía International Jewellery Show Premiere (IIJS) 2023. Company also launched an exclusive antique jewellery brand collection- MAAYIN at the four day exhibition. Prominent industry players and jewellery brands including Tanishq (Titan Company), Malabar Gold & Diamonds, Kalyan Jewellers, and Senco Gold Limited have placed sizable orders with the company for the upcoming wedding season.

IIJS Premiere 2023 is the most prestigious jewellery exhibition in India and the second-largest of its kind worldwide. The 39th edition of the event was held at the Jio World Convention Centre in Mumbai during August 4 to August 8.

Speaking about the triumph at IIJS Premiere 2023 and the success of the "MAAYIN" collection, Mr. Jenik Soni, CEO, Ashapuri Gold Ornament Ltd, "We are truly humbled by the response we have received at IIJS Premiere 2023 and the appreciation for our 'MAAYIN' collection. This collection, characterized by its distinctive designs and timeless elegance was much appreciated and resulted in bulk orders from renowned national jewellery chains across India with total orders over Rs. 100 crore."

For Q1FY24, the company reported total income of Rs. 20.11 crore and net profit of Rs. 47.30 lakh. Company board also approved an increase in the authorised share capital from Rs. 25 crore to Rs. 41 crore and raising funds for business expansion in the meeting on l4 August subject to approval of shareholders at the upcoming annual general meeting.

Established in 1997, Ashapuri Gold Ornament Ltd is a Gujarat based Gold Jewellery Manufacturing Company and one the leading manufacturers of antique gold jewellery in India. Company has a 14,000 sq ft factory premises and corporate house at Ahmedabad and has its branch office in Bangalore. Currently 200 plus artisans (ewellery Karigars) work at the facility which has a capacity for 400 artisans. Production capacity of the company is l00 KG of jewellery per month. Company's clientele includes leading Jewellery retailers and multinational brands - Tanishq (Titan), Malabar Gold, Kalyan Jewellers, Senco Gold, PNG Jewellers, TBZ among others.

Leading B2B Brand in the Gold Jewellery, Ashapuri Gold Ornament Ltd has three Collections named MAAYIN, KAAVIS' & "ANEYA" which caters to diverse customer segments from high end to mid-markets and value market segment. Stand for Class, Finess and Luxury, company's product range includes Necklace, Bangles, Bridal Jewellery, Choker, Pendant Set etc. Its premium collection includes - Pota Jewellery and Kundan Jewellery. Company's manufacturing excellence in craftsmanship, large inventory of designs, along with cutting edge technology has placed the company in the league of top Jewellery suppliers in India.

Source : Equity Bulls

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AshapuriGoldOrnament OrderWin GoldJewellery IndiaInternationalJewelleryShowPremiere2023 IIJSPremiere2023