Palm Jewels Limited was originally incorporated as Shilvi Jewels Private Limited on September 22, 2005. The name of the company was changed to “Palm Jewels Private Limited” on October 28, 2016.
The Founder promoter of our Company Mr. Rohit Dalpatbhai Shah is in the business of jwellery Industries since 20 years, he with his wife has incorporated Company Shilvi Jewels Private Limited on September 22, 2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra, and Nagar Havelli, Subsequently, the name of our Company was changed to Palm Jewels Private Limited on October 28, 2016 under the companies Act, 2013 vide a new Certificate of incorporation issue by Registrar of Companies, Gujarat, Dadra and Nagar Havelli, then after our company was converted in to a public limited company and consequently name was changed to “Palm Jewels Limited” (PJL) vide fresh certificate of incorporation dated February 21, 2018 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli.
Palm Jewels Limited is engaged in the wholesale business of gold jewellery. Our registered office and business operation are based in Ahmedabad. We essentially sell gold based chains, bracelets, and necklaces. We outsource the manufacturing of our jewellery through job workers based in Ahmedabad. The major raw material used for making our products is gold & silver. We procure gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad. Gold bars and other Necessary Material are provided to Job Workers Who are based either in Ahmedabad. However, no formal agreement has been executed with either of these job workers. The finished jewellery is sold by our marketing and sales team directly to other jewellery stores. Our jewellery is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.
We are a customer-centric company, our prime focus is to attain the utmost client satisfaction by offering them quality assured products. Moreover, our ethical trade practices, transparent business dealings and timely delivery of products help us in maintaining cordial relations with our customers. Our Company strives at all times to provide products that offer our customers the designs with superior finish and quality.
Promoters of Palm Jewels Limited Company are:
Mr. Rohit D. Shah, aged 46 years aged 46 years, is the Promoter and Managing
Director of our company. He has completed his Diploma in Pharmacy from Gujarat University. Post his education, he was undergone internship for 1 year and then he has started the business of Medical Store in the year 1989 and continued it till 1996. Thereafter under the guidance of his Uncle, he has learnt the jewellery business and started his own Proprietary Firm under the name of M/s. Jain Ornaments in the year 1998. Further with the bigger vision in the jewellery industries, he and his wife incorporated our company in the year of 2005. Since then he has been instrumental in formulating and the implementation of the business strategies of our company and he is entrusted with the responsibility of looking after the expansion, overall management and operations of the company.
Mrs. Chetna R. Shah, aged 44 years is the Promoter and Non-Executive Director of our Company. She has done her matriculation. She has more than 13 years of experience in this business. She is promoter director of our company since incorporation and has been designated as Non-Executive Director of w.e.f. 4/02/2018
Financials of Palm Jewels Limited IPO as per DRHP:
For the year/period ended (in Rs. Lacs)
Profit After Tax
Recommendation on Palm Jewels Limited IPO:
Review and Recommendation of
Palm Jewels Limited IPO
from our side is:
Palm Jewels Limited
G.F-37, Super Mall, Nr. Diamond, C. O. Hou. Soc. Ltd,
Nr. Lal Bunglow, C. G. Road, Ahmedabad – 380001, Gujarat, India
Phone No.: +91 79 40052056
Bid Details of Palm Jewels Limited IPO as on
04 Jun 2018 | 11:54:02 PM