Atlas Jewellery India Ltd
Nowadays, Atlas Jewellery India Ltd is one of the leading market players in the industry. It was established on 31 May 1989. The company is an Indian owned jewellery retailer. Atlas Jewellery India Ltd is involved in the export trade of gold jewellery, other precious metal ornaments, and domestic retail. This company is listed on the Bombay Stock Exchange.
Atlas Jewellery India Ltd provides an extensive array of choices in fashionable jewellery, modern & chic, and traditional & ethnic. The products are crafted with high standards of purity and service. The jewellery has three subsets comprising gold, diamonds and others. It has set up two retail showrooms in Mumbai (Vashi) and Bangalore (Phoenix Mall) and is doing well in the retail market.
Through its listed entity Atlas Jewellery India Ltd (listed on Bombay, Delhi, Ahmedabad, and Jaipur Stock Exchanges), the Group now plans to capture the Indian Gems & Jewellery Market considerably. The company contains over 50 establishments and a store in each significant business market in the GCC and possesses 03 mega showrooms at Trivandrum, Coimbatore, and Cochin.
The Group has very ambitious expansion plans for Atlas Jewellery India Ltd. They are striving for a pan India existence possessing mega retail showrooms as well as manufacturing operations. The company will also undertake exports of jewellery to existing markets wherein ATLAS Group already has a presence. It is also looking forward to exploring other potential foreign markets shortly.
MERGERS AND ACQUISITIONS
On 31 July 2013, Atlas Jewellery India took over Gee El Woollens. The name of the company was changed after the current promoters attained the controlling interest.
Atlas Jewellery India Ltd is one of the leading market players in the industry, which is involved in the domestic retail and export trade of gold jewellery and other precious metal ornaments. Here is the extensive range of products offered by Atlas Jewellery India Ltd:
§ Jewellery in gold, diamond, pearl, and gemstones
§ Fashionable jewellery
§ Modern & chic jewellery
§ Traditional & ethnic jewellery
Ø In 1989: The Company was established on 31 May 1989.
Ø In 2013: The name of the Company Gee El Woollens Ltd. has changed to Atlas Jewellery India Ltd.
Ø In 2014: Atlas Jewellery India Ltd declared the opening of its two new showrooms. It has started its export activities under the new name of Atlas Jewellery India Ltd in accordance with the primary objective of the company.
Ø During 2014-2015: The Board of Directors of the Company, with shareholders' approval, assigned 50000000 equity shares of the face value of Rs. 10/ each fully paid up at a price of Rs 20 per equity share to M. M. Ramachandran, a Promoter Group of the Company based on the preferential allotment.
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