- Business
- RO Jewels Limited engages in the wholesale trading of gold and silver jewelry products, primarily chains, bracelets, vertical mala, mangalsutra, bangles, and sets, under the Ravi Ornaments brand in India. The company offers a diverse range of chains including machine chains, fancy pipe chains, hand-made chains, nawabi chains, lotus chains, indo-italian chains, hollow chains, singapore chains, bahubali chains, and CZ chains; bracelets such as nawabi bracelets, lotus bracelets, hollow bracelets, singapore bracelets, cartier bracelets, bahubali bracelets, CZ bracelets, ladies CZ bracelets, and rudrax mala bracelets; as well as choker and short sets, long sets, and antique jadtar sets. It procures hallmarked gold and silver mainly from the bullion market and readymade jewelry from manufacturers and wholesalers in Ahmedabad and Mumbai, selling through its showroom at Manek Chowk in Ahmedabad and a B2B marketing team targeting jewelry stores exclusively in Gujarat. Founded in 2018 as RO Jewels Private Limited and converted to a public company in 2019 with listing on the BSE SME platform in March 2020, the company is headquartered at Common, 131/A Ganchi S Pole, Manek Chowk, Ahmedabad, Gujarat 380001, India. In recent developments, RO Jewels acquired the entire business of promoter Bharat Rasiklal Shah's proprietorship M/s Ravi Ornaments effective May 31, 2019 via a business succession agreement dated December 18, 2019; reported standalone net sales of Rs 38.86 crore for the March 2025 quarter down 32.66% year-over-year and full-year FY2025 sales of Rs 45.48 crore down 87.58%; appointed Mr. Ritesh Soni as a company appointee as approved in a March 18, 2025 board meeting; and held its latest annual general meeting on September 30, 2024 with balance sheet filed as of March 31, 2024. Promoter holding decreased to 2.87% as of September 2025 from 3.86% in December 2024, reflecting ongoing operational adjustments amid fluctuating financial performance.