IPO Details

About Company

Founded in November 2007, Utssav Cz Gold Jewels Limited specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K CZ gold jewelry. The company produces a diverse range of jewelry items, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Utssav Cz Gold Jewels operates a manufacturing facility in Andheri East, Mumbai, which spans 8,275 square feet and has an annual production capacity of 1,500 kg. The company serves customers across 17 states and 2 union territories in India, as well as in 2 international markets. The product line features lightweight jewelry in 18K, 20K, and 22K CZ gold and rose gold, catering to both traditional and contemporary styles. For the financial year 2023, 18K and 22K gold jewelry made up 73.27% and 24.94% of total sales, respectively. For the ten months ending January 31, 2024, these categories accounted for 74.22% and 24.67% of total sales. To remain competitive and align with market trends, the company employs 15 CAD designers who create approximately 400 new designs each month. As of March 31, 2024, Utssav Cz Gold Jewels Limited has 69 permanent employees.