Nanavati Ventures was originally incorporated as “Nanavati Ventures Private Limited” under Companies Act, 1956 vide Certificate of Incorporation dated August 10, 2010 issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of the Company changed from “Nanavati Ventures Private Limited” to “Nanavati Ventures Limited” pursuant to special resolution passed by the Shareholders at its Extra Ordinary General Meeting held on July 30, 2020 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Ahmedabad dated August 14, 2020.

Nanavati Ventures is engaged in trading of diamonds majorly in Surat, Gujarat. Its operations include sourcing of polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in Gujarat. It primarily sell diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers. The company was engaged into the business of trading of diamonds since the day of incorporation. It procure the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone is done by skilled workers on job-work basis.

The company has independent sales and distribution networks for its products. A substantial majority of its cut and polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic markets. It procures diamond from suppliers at domestic level and it has good business association with suppliers. It has a centralised procurement policy and generally purchase in large volumes in order to stock. By purchasing in large volumes, it is able to purchase inventory at lower prices than its competitors, which enables it to sell its products at competitive prices.

Business area of the company

The company is currently engaged in the business of trading of polished diamonds and uncut diamonds. It procure from raw diamond from Local vendors of Gujarat especially in Surat.

Key Milestones

• 2010: Incorporation of the company.
  
• 2020: The company was converted into a public limited company and name of company was changed from ‘Nanavati Ventures Private Limited’ to ‘Nanavati Ventures Limited’.