- Business
- S. M. Gold Limited manufactures and wholesales mangalsutra jewelry and other jewelry items in India; its core products include rings, chains, earrings, ear chains, nose-rings/nose pins, waist belts, anklets, zuda, toe rings, pendant sets/pendants, bracelets, bangles, wedding jewelry, and festive jewelry, encompassing traditional, Indo-western, and modern designs produced in-house by a dedicated design team or sourced from job workers and wholesalers in Ahmedabad, Rajkot, Kolkata, and Mumbai. The company, founded in 2017 and headquartered in Ahmedabad, Gujarat, operates primarily in the gems and jewelry sector, targeting wholesalers under the brand S. M. Gold - the House of Mangalsutra, with products customized to individual needs. In February 2025, S. M. Gold announced a private placement to issue 3,700,000 equity shares, reflecting ongoing efforts to raise capital amid revenue growth to 623 million rupees for fiscal year 2024.