- Business
- Silgo Retail Limited designs, manufactures, retails, trades, and wholesales silver jewelry and precious stones in India. The company offers a wide variety of 925 sterling silver products, including rings, earrings, pendants, necklaces, bracelets, bangles, jhumkis, and customized jewelry; these encompass hallmarked pieces certified by the Bureau of Indian Standards (BIS) for special occasions such as weddings and festivals, as well as daily wear options suitable for all ages, genders, and price points. Silgo Retail Limited sells its products primarily online and operates within the consumer durables sector, targeting individual consumers across various demographics.
Incorporated as Silgo Retail Private Limited on January 9, 2016, and converted to a public limited company in 2018, the firm is headquartered in Jaipur, Rajasthan, with a 26,000 square foot manufacturing facility in EPIP Jaipur supported by skilled artisans. The company maintains operations focused on the Indian market and listed its shares on the NSE Emerge platform in October 2019.
In recent developments, Silgo Retail Limited has undertaken significant strategic expansions into renewable energy by incorporating two wholly-owned subsidiaries: Silgo Power 1 Pvt Ltd on October 16, 2025, and Silgo Power 2 Pvt Ltd on October 22, 2025, each with authorized capital of Rs 100,000, to pursue solar power projects. Additionally, on September 24, 2025, the company secured Letters of Award (LOAs) for 5.50 MW solar projects valued at approximately Rs 19.50 crore, featuring a tariff of Rs 3.040 per unit and 25-year operations and maintenance commitments. These moves mark a diversification beyond its core jewelry business amid steady revenue growth, with operations reaching Rs 44.37 crore for the fiscal year ended March 2025.