Golkunda Diamonds & Jewellery Share Price

Golkunda Diamonds Jewellery Limited was incorporated on 30th October, 1990. Immediately after incorporation, the Company commenced commercial operation and engaged in the business of manufacturer, dealer of polished gems, diamonds and other stones and jewellery.The company has manufacturing facilities in SEEPZ and Chakala in Bombay and proposes to have another jewellery unit at the export promotion industrial part near Jaipur.During the period 201011, companys sales for the year crossed Rs 100 crores to reach Rs 102.07 Crore. With the reasonable recovery in world economy, company was able to tap many new customers and increased presence in various markets. With latest softwares and better operations, Company was able to retain all the existing customers with improved business. The profitability of the business has improved and Company has been focusing on increasing margins substantially.As part of its strategic growth initiatives, the Company has established a new manufacturing facility at Andheri, Mumbai, to strengthen its presence in the domestic market. Company is also exploring strategic alliances and acquisition to enter into the B2C retail business. To support the action plan, the Company raised funds through a preferential allotment of convertible warrants for maintaining adequate liquidity to support the timely execution of its expansion plans.