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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