Shish Jewels Pvt. Ltd. Company Profile

Background

Overview

Shish Jewels Pvt. Ltd., established on October 23, 2020, in Surat, Gujarat, India, specializes in the design, manufacture, and distribution of high-quality diamond jewelry. The company operates under the Corporate Identification Number (CIN) U36999GJ2020PLC117632 and is registered with the Registrar of Companies (ROC) Ahmedabad. As of May 31, 2025, Shish Jewels Pvt. Ltd. is an active public unlisted company with an authorized capital of ₹1.00 million and a paid-up capital of ₹0.90 million.

Mission and Vision

Shish Jewels Pvt. Ltd. is committed to delivering innovative designs, exceptional craftsmanship, and meticulous quality assurance. The company strives to exceed customer expectations and contribute to a more efficient future in the jewelry industry.

Primary Area of Focus

The company focuses on crafting exquisite diamond jewelry, including iconic hip-hop accessories, luxurious diamond bracelets, and captivating iced-out pendants. Their product range also features hip-hop diamond and gold bracelets, iced-out earrings, stylish rings, custom diamond watches, and fine jewelry adorned with diamonds and gemstones.

Industry Significance

Shish Jewels Pvt. Ltd. has established itself as a prominent player in the diamond jewelry manufacturing sector, catering to a global clientele with a workforce of over 700 employees. The company's factory spans a total area of 20,000 square feet, reflecting its significant presence in the industry.

Key Strategic Focus

Core Objectives

Innovation in Design: Continuously developing unique and contemporary jewelry designs to meet evolving market trends.

Quality Assurance: Ensuring the highest standards of craftsmanship and material quality in all products.

Customer Satisfaction: Building lasting relationships by consistently exceeding customer expectations.

Specific Areas of Specialization

Hip-Hop Jewelry: Designing and manufacturing iconic hip-hop accessories that resonate with urban culture.

Diamond Bracelets and Pendants: Creating luxurious diamond bracelets and captivating iced-out pendants.

Custom Jewelry: Offering personalized jewelry pieces, including custom diamond watches and fine jewelry with diamonds and gemstones.

Key Technologies Utilized

While specific technological platforms are not detailed in the available sources, the company emphasizes innovation and quality in its manufacturing processes, likely employing advanced jewelry crafting technologies.

Primary Markets Targeted

Shish Jewels Pvt. Ltd. exports its products to various international markets, including the United States, Armenia, Turkey, Hong Kong, and Canada. The company has established a significant presence in the U.S. market, with exports valued at approximately $2.05 million in 2024.

Financials and Funding

Funding History

As a private unlisted company, Shish Jewels Pvt. Ltd. has not publicly disclosed detailed funding history or specific investors. The company's financial performance is primarily supported through internal accruals and revenue from operations.

Financial Performance

Revenue Growth: The company reported a 42.52% increase in total revenue for the fiscal year 2023, indicating strong growth in its operations.

Profitability: There was a 57.08% increase in profit for the same period, reflecting improved operational efficiency and market demand.

Net Worth: The company's net worth saw a significant increase of 123.54% in 2023, indicating robust financial health.

Credit Rating

In December 2024, CRISIL Ratings upgraded Shish Jewels Pvt. Ltd.'s ratings to 'CRISIL BBB-/Stable/CRISIL A3' from 'CRISIL BB+/Stable/CRISIL A4+'. This upgrade reflects the company's improved business performance, marked by a 44% revenue growth to ₹223.66 crore in fiscal 2024 from ₹155.82 crore in fiscal 2023.

Pipeline Development

Specific details regarding pipeline development, such as new product lines or upcoming collections, are not publicly disclosed. The company continues to focus on its core competencies in diamond jewelry manufacturing and export.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed in the available sources, Shish Jewels Pvt. Ltd. emphasizes innovation and quality in its manufacturing processes, likely employing advanced jewelry crafting technologies.

Significant Scientific Methods

The company likely utilizes advanced jewelry crafting technologies to ensure high-quality production, though specific methods are not detailed in the available sources.

Leadership Team

Key Executives

Mr. Rameshbhai Virjibhai Kakadiya: Managing Director

Mr. Satishkumar Dayabhai Maniya: Director

Mr. Sunilkumar Diplal Shah: Whole-Time Director

Professional Backgrounds

Mr. Rameshbhai Virjibhai Kakadiya: Serves as the Managing Director, overseeing the company's strategic direction and operations.

Mr. Satishkumar Dayabhai Maniya: As a Director, he contributes to the company's leadership and decision-making processes.

Mr. Sunilkumar Diplal Shah: Serving as the Whole-Time Director, he is involved in the day-to-day management and operational activities of the company.

Key Contributions

The leadership team has been instrumental in driving the company's growth, expanding its international presence, and maintaining high standards of quality and innovation in its products.

Competitor Profile

Market Insights and Dynamics

The diamond jewelry manufacturing industry is characterized by intense competition, with numerous players ranging from large established firms to small artisans. Key factors influencing the market include design innovation, quality assurance, brand reputation, and pricing strategies.

Competitor Analysis

While specific competitors are not detailed in the available sources, companies such as H. K. Designs, Rijiya Brothers, and Indigo Jewellery are notable players in the Indian jewelry manufacturing sector. These competitors focus on various aspects of jewelry design and manufacturing, contributing to a dynamic and competitive market landscape.

Strategic Collaborations and Partnerships

Shish Jewels Pvt. Ltd. has established collaborations with entities such as Truth Jewels Inc., indicating a strategic approach to expanding its market reach and product offerings.

Operational Insights

Strategic Considerations

The company operates in a competitive environment, necessitating continuous innovation, quality enhancement, and effective marketing strategies to maintain and grow its market position.

Competitive Advantages

Design Innovation: Offering unique and contemporary jewelry designs that appeal to a diverse clientele.

Quality Assurance: Maintaining high standards of craftsmanship and material quality.

Global Presence: Expanding its footprint in international markets, particularly in the United States.

Strategic Opportunities and Future Directions

Strategic Roadmap

Shish Jewels Pvt. Ltd. aims to continue its growth trajectory by focusing on product innovation, expanding its international market presence, and enhancing operational efficiencies.

Future Business Directions