Incorporated in Jun.'94, Silver Smith India was promoted by B K Narula, C L Narula and Rita Narula. The company set up a fully automated and integrated manufacturing facilities for processing raw silver and gold into value-added jewellery items, with an installed capacity of 15,000 kg of silver jewellery and 3000 kg of gold jewellery. The project is located at Noida, Uttar Pradesh. The company proposes to import the bulk of its equipment from Italy, Germany and Japan. In Feb.'96, the company issued 29,89,800 equity shares of Rs 10 each for cash at par aggregating Rs 298.98 lac, to part-finance its project. The company has launched a dedicated portal to Jewellery Industry named www.jewelleryytt.com during 2001.