NARBADA GEMS AND JEWELLERY LTD

Narbada Gems & Jewellery Limited (NGJL) was initially incorporated as 'Starchik Specialities Limited' on May 5, 1992. The Company's name was changed from 'Starchik Specialities Limited' to 'Sanghi Gems & Jewellery Limited' on December 29, 1992 and thereafter, was changed from 'Sanghi Gems & Jewellery Limited' to 'Narbada Gems & Jewellery Limited' 11 March, 2008. Company is a part of the Hyderabad-based Sanghi Global Group, which is managed by a fourth generation of professionals in the gems and jewellery industry. The Company specializes in the design and trade of diamond and colored stone-studded jewellery. It has developed a fully integrated production facility in Hyderabad, featuring state-of-the-art machinery and technology. This facility produces a wide variety of jewellery items, including rings, earrings, bracelets, bangles, long and short necklaces, and choker sets, with a total installed capacity approaching 40 kg. As a leading manufacturer and exporter of premium flat diamond and colored gemstone-studded jewellery, NGJL is a key player in this niche market, where organized competition is limited. In the initial periods, Company undertook export of hatching eggs to the Sultanate of Oman and the United Arab Emirates to establish its brand name abroad. Due to slow down in the market growth and poor performance, it diversified into sale of other meat and fish products at its retail outlets. Earlier, it was engaged in trading of live broilers birds. Since inception, the Company was serving an exquisite range of Gemstone Jewellery. It also dealt in flat diamond studded jewellery and became synonym of purity & best quality. Their entire collection was appreciated for high reliability and affordable prices. At present, it is in the business of dealing and trading in flat diamond studded and colored precious stone studded jewellery. Its collection includes bewitching range of Gemstone Necklace Set, Earrings and Pendants. After the end of the financial year 2022-23, the Company started manufacturing the products on its own by setting up of its in-house manufacturing unit with the total manufacturing capacity of 15 kgs. per month. With the latest industry trends for branded jewellery with modern designs, it introduced fresh range of products with creative and light weight jewellery along with uncut and flat diamond jewellery. Further, it started export of its speciality jewellery and completed the first export after the end of the FY 2022-23. Thereafter, it launched an extension to its already ongoing exclusive jewellery collection, 'Vilandi' - Flat Polki Diamond Jewellery Collection' in 2023. The Company fulfils the royal aspirations of the brides with exclusive heritage jewellery and accentuates the feeling of Royalty to people who adorn such jewellery. In priority, it newly started 18-karat gold jewelry which offers a good balance between durability and purity. Considering the business dynamics, it is far more popular as it has been mixed with more durable metals to make it in itself far more durable which makes it a very attractive proposition. The Company expanded its exclusive jewelry line with the launch of the 'Vilandi - Flat Polki Diamond Jewellery Collection,' in FY24. The Company has moved into the new manufacturing capacity at Basheerbagh, Hyderabad in 2025. Uday Jewellery Industries Limited and the Company has filed a Draft Scheme of Amalgamation, which is approved in 2026.