Utssav CZ Gold Jewels Ltd Company Summary

Utssav CZ Gold Jewels Limited was originally incorporated as Utsav CZ Gold Jewels Private Limited and the Certificate of Incorporation was issued by Registrar of Companies, Mumbai, Maharashtra on November 06, 2007. Company was converted from a Private Limited to Public Limited and the name was changed to Utsav CZ Gold Jewels Limited dated January 08, 2008 and further to Utssav CZ Gold Jewels Limited and a fresh Certificate of Incorporation dated February 19, 2008 was obtained from the Registrar of Companies, Maharashtra. The Company is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery.

The Company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufacture and offer wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches and Broaches etc. It has an installed capacity of 1,500 kg per annum.The Company have been manufacturing CZ studded gold jewellery since 2007 at facility situated at Andheri East, Mumbai, with a specialization in 18kt rose gold jewellery.

The key strengths lie in design and innovation, consumer preferences, market dynamics, and quality of products. It also offer high-end, medium-range and affordable CZ gold jewellery, all hallmarked by the Bureau of Indian Standards (BIS).The Company made its first export sales during the year 2010. In 2018, it initiated production of 18 karat Rose Gold Jewellery.

CZ studded gold jewellery manufacturing increased from 750 kg for FY 2022 to 1500 kg for FY 2023.The Company issued 63,18,000 equity shares of face value of Rs 10 each by raising Rs 69.49 crore through IPO process August 2, 2024.