Priority Jewels Ltd Company Summary

Priority Jewels Limited was incorporated as Priority Jewels Private Limited at Mumbai, Maharashtra as a private limited company, pursuant to a certificate of incorporation dated October 12, 2007, issued by the Registrar of Companies, Maharashtra at Mumbai. Company was converted from a private limited to public limited reflecting the change in name of the Company from Priority Jewels Private Limited to Priority Jewels Limited on February 17, 2025.The Company is engaged into manufacturing and sale of light-weight, diamond-studded gold and platinum fine jewellery with the production set up in Mumbai. The jewellery is marketed all across India and in the Middle East countries as well as Western countries.

It supply products to leading jewellery chains, including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited and Senco Gold Limited. Incorporated in 2007, Company has over 15 years of experience in the jewellery manufacturing industry. Promoters, Shailesh Sanganiand Tushar Mehta, have about three decades of experience in the gems and jewellery industry.

The Company opened its first manufacturing facility in MIDC, Mumbai since 2008. It established the second production facility in SEEPZ, Mumbai in 2012.Priority Gold Private Limited (PGPL), an erstwhile wholly owned subsidiary of the Company got amalgamated with the Company and the Scheme of Amalgamation became effective on December 1, 2019. The Company is planning an IPO by issuing 54,00,000 equity shares of Rs 10 each through fresh issue.