Thangamayil Jewellery

Thangamayil Jewellery
Public
Traded as THANGAMAYL (NSE), 533158 (BOM)
Industry Jewellery
Founded 1947[1]
Headquarters Madurai, Tamil Nadu, India
Number of locations
 31
Area served
 India
Key people
 Balarama Govinda Das (Chairman & Managing Director), Ba. Ramesh (Joint Managing Director), N.B. Kumar (Joint Managing Director)[2][3][4][5]
Products Gold chains, Gold necklaces, Gold bangles, Gold earrings, Gold nose rings, Gold waist belts, Gold rings, Gold bracelets
Revenue Decrease ₹1,271.99 crore (2016)[6]
Total assets Decrease ₹40.156 crore (2016)[6]
Total equity ₹1,372 crore (2016)[6]
Number of employees
 1077 (as of March 2016)
Website https://www.thangamayil.com/

Thangamayil Jewellery Limited (TMJL) is a publicly listed Indian jewellery retailer based out of Madurai.[7] Thangamayil Jewellery primarily sells gold, silver, diamonds and platinum jewellery. The company’s flagship store is located in Madurai and is selling jewellery with BIS hallmarking license since 2001.[8] Thangamayil Jewellery sources its jewellery from other Indian states such as Andhra Pradesh, Gujarat, Kerala and West Bengal.[9] The company also retails its products via its online store.[10]

History

Thangamayil was originally established in 1947 as Balu Jewellery in Madurai. It became a private limited company in 2000.[11] In 2008 Thangamayil purchased Balsam Silvers to expand its business.[12] In January 2010, Thangamayil Jewellery held its initial public offering (IPO) for Rs. 28.75 crore.[13][14][15]

See also

References

  1. ↑ "Thangamayil Jewellery IPO opens on January 27th". Business Standard.
  2. ↑ "Safety, the silver lining for gold". The Hindu.
  3. ↑ "Safety, the silver lining for gold". Chittorgarh City Info.
  4. ↑ "As gold prices hit the roof, buyers sell coins for cash". Business Line.
  5. ↑ "Thangamayil Jewellery Strikes Gold with Qlik, Saves 55 Percent on Operating Costs". Business Wire.
  6. 1 2 3 "Annual Report 2015-16" (PDF). Bombay Stock Exchange.
  7. ↑ "Thangamayil programme in rural areas". The Hindu. 2012-07-22. ISSN 0971-751X. Retrieved 2016-06-26.
  8. ↑ "Thangamayil Jeweller: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Thangamayil Jeweller - NDTVProfit.com". profit.ndtv.com. Retrieved 2016-06-26.
  9. ↑ "Thangamayil Jewellery's IPO: Shiny, but risky". Retrieved 2016-06-26.
  10. ↑ Narayanan, R.Y. (2012-08-10). "Jewellery industry witnessing polarisation, says Thangamayil JMD". Retrieved 2016-06-26.
  11. ↑ "Ba. Ramesh, Joint Managing Director, Thangamayil Jewellery Ltd". Retrieved 2016-06-26.
  12. ↑ Standard, Business. "Thangamayil Jewellery Share Price: Live NSE/BSE Thangamayil Jewellery Stock Price, Share Price, Thangamayil Jewellery Results, Returns, Charts, News & More - Business Standard". www.business-standard.com. Retrieved 2016-06-26.
  13. ↑ Narayanan, R. Yegya (2012-07-06). "All that glitters is Thangamayil". Retrieved 2016-06-26.
  14. ↑ "Thangamayil Jewellery eyes Rs 1,750 cr sales in FY13". www.moneycontrol.com. Retrieved 2016-06-26.
  15. ↑ "Bizcircle.net | A company search service from The VCCircle Network". www.vccircle.com. Retrieved 2016-06-26.
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