Utssav CZ Gold Jewels Limited
NNSE:UTSSAV1,019.60
INR
+46.45
(+4.77%)
ISIN
INE06IJ01010
Return %
Stock
S&P 500
1Y
408.91
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- Sector
- Consumer durables
- Industry
- Other consumer specialties
- Address
- Mumbai India
- IPO Date
- Aug 7, 2024
- Website
- utssavjewels.com
- Similar Companies
- Business
- Utssav CZ Gold Jewels Limited is an India-based jewellery manufacturing and wholesale company primarily engaged in the design, casting, manufacturing, and distribution of lightweight gold jewellery studded with cubic zirconia (CZ) stones and precious gems. Founded in 2007 and headquartered in Mumbai, India, the company operates within the gems and jewellery industry, serving a business-to-business (B2B) clientele that includes prominent jewellery retail chains, regional wholesalers, and independent jewelers across 17 states and two Union Territories in India, as well as select international export markets. The company offers a comprehensive portfolio of yellow gold, rose gold, and white gold jewellery crafted in 18-karat, 20-karat, and 22-karat purities. Its core product categories include rings, comprising daily wear bands, cocktail rings, solitaire-illusion rings, and engagement rings; earrings, encompassing studs, hoop earrings, drops, danglers, and traditional jhumkas; pendants and matching pendant sets; necklaces, including lightweight chokers, layered necklaces, and traditional bridal sets; bracelets and bangles, such as tennis bracelets, kada bangles, and flexible cast bracelets; and specialized adornments, including jewellery watches, brooches, mangalsutras, religious motifs, and custom-designed corporate gift articles. Leveraging Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) infrastructure, the company introduces hundreds of new designs each month, complementing its manufacturing activities with specialized contract manufacturing, precision casting, stone-setting, hallmarking, and custom design services for domestic and overseas brands. In recent corporate developments, Utssav CZ Gold Jewels completed its initial public offering (IPO) on the NSE SME platform in August 2024, raising approximately INR 69.50 crore in fresh equity capital to support increased working capital requirements and fund business growth. To meet expanding market demand, the company has undertaken major capacity enhancement initiatives at its manufacturing facility in Andheri East, Mumbai, scaling annual production capacity from 1,500 kilograms toward 2.5 tonnes, with strategic roadmap targets to reach 6 to 7 tonnes per annum through the acquisition of adjacent production spaces. In July 2026, the company further expanded its operational structure by incorporating a wholly-owned subsidiary, Utssav Gold and Diamond Private Limited, aimed at scaling trading and distribution channels while accelerating diversification into natural and lab-grown diamond-studded jewellery, plain gold jewellery, and higher-value bridal jewellery segments.