The company was originally incorporated as a company limited by guarantee under the name of U. H. Zaveri Private Limited on August 28, 2017 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the Company was converted in to a public limited company pursuant to a special resolution passed by the shareholders at the EGM held on August 31, 2017 and consequently name was changed to U. H. Zaveri Limited (UHZL) vide fresh certificate of incorporation dated September 13, 2017 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, a special resolution was passed by their shareholders at the EGM held on September 20, 2017 for conversion of the company from ‘a company limited by guarantee’ to ‘a company limited by shares’ under Section 18 of the Companies Act, 2013 read with Rule 39 of the Companies (Incorporation) Rules, 2014. Pursuant to their approval, the company was converted from ‘a company limited by guarantee’ to ‘a company limited by shares’ vide certificate of incorporation dated September 26, 2017 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The company has a showroom in Nikol Road, Ahmedabad. It has a unique collection of contemporary, antique, kundan, polka and temple jewellery. In addition to this, they also sell customized jewellery, gold and silver jewellery articles that are available in a variety of attractive patterns & designs and can be procured within reasonable price ranges. Their products have presence across different price points and cater to customers across high-end, mid-market and value market segments.

The company does not manufacture its own jewellery and hence, the making of their jewellery is outsourced. However, the jewellery sold by them is either designed in house or through 3-D jewellery designer or by third party designers or they purchase ready to sell jewellery directly from manufacturers.

Business area of the company

The company has been incorporated as a gems & jewellery company. Their business operations are divided into two divisions. One division of business operations is into wholesale and retail of jewellery and the second division is into trading of jewellery. The company mainly sells gold jewellery and marginal percentage of their revenue is earned through silver jewellery and other kind of jewellery and utensils.