Shukra Jewellery Ltd

Shukra Jewellery Ltd

Shukra Diamond Exports was incorporated on 13 Dec.'91. It was promoted by Chandrakant Shah who is also the proprietor of Clean Diamond Exports. The company is managed by Chandrakant Shah the chairman and managing director. It came out with a public issue of 35 lac 14% secured FCDs of Rs 60 aggregating Rs 21 cr in Dec.'94. The object of this issue was to part-finance a project to set up a 100% export oriented unit to manufacture plain and studded diamonds set up overseas offices at New York Antwerp and Hong Kong and to augment long term working capital requirements. Total project cost was estimated at Rs 31.51 cr. The project is being set up at Noida in technical collaboration with Gene Hughes US.Shukra's turnover of cut and polished diamonds is in the form of 100% exports. The company exported its entire production to various countries across the world in 1994-95. The major importers of the company's cut and polished diamonds were the US Japan Belgium Switzerland Hongkong Thailand Singapore etc. Foreign exchange earnings during 1994-95 amounted to Rs 14.03 cr. In 1995-96 Company's new Jewellery Manufacturing Project at Daman is completed during the year. The company has imported Hitech Sophisticated machinery from Germany and Italy. The company's Diamond studded gold jewellery is being marketed under the brand name 'SHUKRA' Recently company bagged the award for the Best Stall at the India International Jewellery Show'96 organised by the Gem & Jewellery Export Promotion Council.