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Ashapuri Gold Ornament

Ashapuri Gold Ornament

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About

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Overview

The company was originally incorporated as ‘Ashapuri Gold Ornament Private Limited’ as a private limited company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 17, 2008 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the Company was converted into a public limited Company pursuant to a special resolution passed by the shareholders at the EGM held on January 09, 2019 and consequently the name of the Company was changed to ‘Ashapuri Gold Ornament Limited’ and a fresh certificate of Incorporation was issued by the Registrar of Companies, Ahmedabad dated January 23, 2019.

Business area of the company:

The company is engaged in the business of wholesale trading of jewellery. The jewelleries are manufactured on job work basis at Ahmedabad and Rajkot. It is well known and trusted wholesaler of gold jewellery supplier, having showroom of 2945sq. feet on prime location of C.G. Road, Ahmedabad, the newly developed main market for buying Gold and Diamond Jewellery. The design of products is done either in house or by third parties and also gets the Jewellery manufactured on a job work basis. Since the system of hallmarking is legally introduced, Company deals only in jewelry certified by Hallmark. It deals in antique Jewellery too.

In addition to the above, it is also in the Trading of Gold Jewellery. During the year 2018-19, the company had entered in to partnership with Kiranben Dinesh Soni and Alka Jitendra Soni, partner of Blue-Onxy Lifestyle, carrying on business of Branded Readymade Garments having exclusive showrooms at Ahmedabad, Surendranagar, Mehsana and Godhara. The company is a major partner in this venture. Its promoters have a plan to open multiple chains of showrooms of Branded Readymade Garments over a period of time.

Major Events & Milestones:

  • 2014: Received BIS certification (license No. CM/L -3643764) as per IS 1417:1999 in respect of Gold and Gold Alloys, Jewellery / Artefacts -Fineness and Marking.
  • 2015: The Company had shifted the operations from Manek chowk, Ahmedabad to 109 to 112A, 1st Floor Supermall, Nr. Lal Bunglow, C.G. Road, Ahmedabad - 380009 in large space having 2945 Sq. Feet area.
  • 2018: Entered into partnership with Blue-Onyx Lifestyle.
Brands Of Ashapuri Gold Ornament

Brands Of Ashapuri Gold Ornament

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