| Successor | Gopaldas Tribhovandas Zaveri |
|---|---|
| Founded | 1864 |
| Founder(s) | Tribhovandas Bhimji Zaveri |
| Headquarters | Zaveri Bazaar, Mumbai, India |
| Number of locations | 14 (Mumbai, Pune, Thane, Hyderabad, Vijaywada, Surat, Ahmedabad, Indore, Kochi[1]) |
| Key people | Shrikant Zaveri, Chairman & Managing Director |
| Products | jewellery |
| Revenue | 8.8 billion (US$200 million) (2010)[1] |
| Website | www.tbztheoriginal.com |
Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in Mumbai, India. [2] Established in 1864 by Tribhovandas Bhimji Zaveri in Zaveri Bazaar, the jewellery district of Mumbai, it was subsequently headed by his son, Gopaldas Tribhovandas Zaveri, and now Shrikant Zaveri, is the present Chairman and Managing Director of the group. The company today, has 14 showrooms in nine cities across five states, including Mumbai, Hyderabad, and Rajkot [3][4] The company proposed an initial public offer (IPO) in July 2011.[5]
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The company has 12 showrooms under “Tribhovandas Bhimji Zaveri” brand, for gold jewellery and diamond studded jewellery. Apart from that it has two designer boutiques under “Krsala”, where its sells jadau and diamond-studded jewellery.[1] It's main showroom at Zaveri Bazaar is built across five floors and said to be the largest jewelry showroom in India. [6], while its branches are in Hyderabad, Borivali, Ghatkopar, Santacruz, Thane, and Surat. It operates stores in Hyderabad, Vijayawada, Ahmedabad, Surat, Kochi, Indore, Mumbai, and Thane.
Its manufacturing unit for diamond studded jewellery in Kandivli in Mumbai.[1]
In 2011, it entered the men's jewellery segment, with its Gentlemen's Collection in gold and diamonds.[7] Previously in the January of the same year, it filed a draft red herring prospectus (DRHP) for an initial public offering with market regulator SEBI, to sell 16.66 million shares of Rs 10 each.[8]
Over the years, members of subsequent generations of Zaveri family have opened their own jewellery outfits and chains. The brandname is mainly being used by two companies, "TBZ, Srikant Zaveri Group" headed by Srivant Zaveri and "TBZ, Nirmal Zaveri Group", which has Samrat Zaveri, as its Managing director. The Nirmal Zaveri group , started Trendsmith India Pvt Ltd, a branded jewellery retail chain of jewellery and lifestyle stores, around 2002, which sells jewellery from noted jewellery manufacturers and designers[9][10], like Nirmal Zaveri who sells under the brand, TBZ-Nirmal Zaveri.[11]
Gayathrie Zaveri based in Dubai sells across the Middle East under the label, Zaveri's.[12]
Yet another store situated in Connaught Place, New Delhi on Janpath, opened in 1970. It is run by Kishorebhai Zaveri, part of the Zaveri family tree, and his three sons, and it is now a separate company.[13]