- CEO
- Siddharth Gupta
- Full Time Employees
- 243
- Sector
- Consumer durables
- Industry
- Other consumer specialties
- Address
- A-1, Industrial Estate Varanasi UP India 221 106
- IPO Date
- Feb 3, 1995
- Business
- Banaras Beads Limited is an India-based manufacturer and exporter of handicraft items specializing in glass beads, fashion jewelry, and accessories. The company’s product portfolio includes handmade and machine-made glass beads, necklaces, imitation jewelry, and beads crafted from diverse materials such as clay, brass, aluminium, copper, resin, ceramics, horn, bone, semiprecious stones, agate, lac, hand-painted, and spray-painted beads. It also trades in leather cords, cotton wax cords, and miscellaneous handicraft products. Banaras Beads serves various customer segments through wholesalers, retailers, craft businesses, and large retail chains, including major U.S. stores like Walmart, Michaels, A.C. Moore, Jo-Ann, and Hobby Lobby, exporting its products to over 80 countries. The company provides customized packaging solutions tailored to client requirements with compliance to social, ethical, and security audit standards like SEDEX SMETA. Founded in 1940 and headquartered in Varanasi, India, Banaras Beads operates with a workforce of approximately 240 employees. It has implemented modern manufacturing technologies sourced from India, Japan, China, Israel, the Czech Republic, and Germany to enhance production efficiency. Recent developments include strategic board changes and ongoing compliance with SEBI regulations, underpinning its commitment to governance and transparency. The company operates as a public limited entity with a recognized export house status by the Government of India, maintaining a significant global footprint in the handicraft export industry. Its key leadership includes Chairman and Managing Director Ashok Kumar Gupta and CEO Siddharth Gupta.