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Tribhovandas Bhimji Zaveri Ltd.

BSE: 534369 Sector: Consumer
NSE: TBZ ISIN Code: INE760L01018
BSE LIVE 15:49 | 11 Dec 121.35 -4.15
(-3.31%)
OPEN

125.50

HIGH

125.50

LOW

120.55

NSE 15:53 | 11 Dec 121.85 -3.50
(-2.79%)
OPEN

125.25

HIGH

125.25

LOW

121.30

OPEN 125.50
PREVIOUS CLOSE 125.50
VOLUME 83310
52-Week high 148.30
52-Week low 56.10
P/E 43.97
Mkt Cap.(Rs cr) 810
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 125.50
CLOSE 125.50
VOLUME 83310
52-Week high 148.30
52-Week low 56.10
P/E 43.97
Mkt Cap.(Rs cr) 810
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Tribhovandas Bhimji Zaveri Ltd. (TBZ) - Company History

Tribhovandas Bhimji Zaveri Ltd is a well-known and trusted jewellery retailer in India. The company has 14 showrooms in 10 cities across five states, which have a total carpet area of approximately 48,818 sq. ft. They primarily sell gold jewellery and diamond-studded jewellery. They also sell other products, including platinum jewellery and jadau jewellery. The design and manufacture of their products is done either in-house or by third parties. All of their showrooms trade under the name of 'Tribhovandas Bhimji Zaveri'. The company offers their customers a wide variety of jewellery from across India in order to cater to regional tastes. They also offer jewellery from various parts of the world such as Italy, Turkey and Thailand. They also customize jewellery for individual needs. They offer their jewellery across different price points so as to maximize their potential customer base. The company has their own manufacturing facilities for diamond-studded jewellery. In addition, they outsource the production of jewellery as well as purchase jewellery from third parties. They manufacture diamond-studded jewellery for sale in our showrooms at a facility in Kandivali, Mumbai. Tribhovandas Bhimji Zaveri Ltd was incorporated in the year 2007. Initially, the company was carried on as a partnership between Tribhovandas Bhimji Zaveri and others and the first partnership deed was entered into on January 3, 1949. The business of the partnership was predominantly of goldsmiths and jewellers under the name of Tribhovandas Bhimji Zaveri. The partnership was reconstituted at several points of time owing to the induction of new partners and retirement of existing partners. In the year 2001, the company opened their second showroom at Hyderabad. They introduced independent administration of each showroom by professionals. In the year 2004, the company commenced retailing 100% pre-hallmarked jewellery. In July 24, 2007, the company was formally incorporated as a private limited company. The company opened seven additional stores in a period of 15 months starting from August 2007 to October 2008. Their retail footprint exceeded 42,000 sq. ft. across 13 cities. In the year 2009, the company got their new brand identity. In June 25, 2009, the company entered into a joint venture agreement with Parinda Bajaj and incorporated Konfiaance Jewellery Pvt Ltd on September 11, 2009. In the year 2010, they established corporate office at Mumbai. They reached out to national and global audience by the medium of television. In October 2010, the company acquired 99.98% equity share capital of Tribhovandas Bhimji Zaveri (Bombay) Ltd fpr integrating the manufacturing process of the business under the company and to ensure greater efficiency in the business operations. In December 2010, the company was converted into a public limited company and the name was changed to Tribhovandas Bhimji Zaveri Ltd. In the year 2011, the company expanded their manufacturing unit situated at Kandivali, Mumbai. In June 22, 2011, the joint venture agreement between the company and Parinda Bajaj was terminated and thus, Konfiaance Jewellery Pvt Ltd became a wholly owned subsidiary of the company. The company plans to open an additional 43 showrooms (25 large format high street showrooms and 18 small format high street showrooms) by the end of Fiscal 2015, which would give us a total of 57 showrooms (with a total carpet area of approximately 150,000 sq. ft.) in 43 cities across 14 states.