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Shantivijay Jewels Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE656D01015
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Business Profile
Shantivijay Jewels (SHANTIVI) is engaged in the manufacture of jewelry for export. It was incorporated as a private limited company on Apr. 13, 1973 and converted into a public limited company on Oct. 28, 1994.

The company produces a wide range of diamond and colored stones, rings, earrings, bracelets, pendants, complete necklace sets, and bangles in 9, 14 and 18 carat gold and platinum. The manufacturing unit is located at SEEPZ, in Mumbai. Another unit was procured in June 2007 at SEEPZ to set up facilities to boost export sales.

Giovance, the company`s trademark has been registered in India and Japan. Shantivijay International in Mauritius is a wholly owned subsidiary, which in turn has wholly owned subsidiaries, namely, Shantivijay Impex FZCO, Dubai, U.A.E. and Shantivijay Impex DMCC.

The registered office is located at G-37, Gem & Jewellery Complex, Bldg No III, SEEPZ, Andheri (E), Mumbai-400096.

The company announced rise of 15.87% in consolidated net profit on y-o-y basis to Rs 7.22 million, while total income fell 0.00% y-o-y basis to Rs 0.00 million for the quarter ended December 2013.

Recent Developments
Shantivijay Jewels has announced that at the meeting of the board of directors of the company held on Jun. 12, 2013, after considering the order dated Jun. 04, 2013 passed by the Securities and Exchange Board of India.

Future Plans
The company would be taking steps to register the Giovance trademark in USA, UK and European countries.
It is considering taking an equity stake in a Chinese concern to increase its competitiveness in the area.

In Brief

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