- Business
- Lypsa Gems & Jewellery Limited engages in the processing, manufacturing and marketing of diamonds, sourcing rough diamonds from major suppliers and producing polished diamonds for global markets. The company offers rough preparation services for diamonds below four grainers including sawables, makeables, color brown, natts, flat fancy and cleavage; polished diamonds such as stars, melee and round brilliants over 11 size; and rough and polished diamond trading through its B2B e-commerce platform sorteddiamonds.com. Operations span manufacturing facilities in Navsari, Surat and Chhapi in Gujarat, with affiliates in Antwerp, Dubai and Moscow; exports primarily target the USA, Belgium, Israel, UAE and Hong Kong. Founded in 1995 and headquartered in Mumbai with a registered office in Chhapi, Banaskantha, Gujarat, the company changed its name from Maloo Polymers Limited through intermediate steps to its current form in 2012 and listed on the Bombay Stock Exchange. Recent developments include ongoing expansion of production capacity at its new factory in Navsari and acquisition of a factory building and machineries in Chhapi, Gujarat, to manufacture small-sized diamonds at lower costs; net sales rose 115% year-over-year to Rs 6.58 crore in March 2025, reflecting improved manufacturing revenue contribution.