Goenka Diamond & Jewels was incorporated on November 5, 1990 as Goenka Exports, a private limited company under the Companies Act, 1956. The company became a deemed public company by virtue of section 43(A) of the Companies Act and ceased to be a private company with effect from July 1,1997. Subsequently, by a shareholders resolution dated January 29, 2002, the company became a public company and a fresh certificate of incorporation in the name of Goenka Exports was issued by the Registrar of Companies, Rajasthan, situated at Jaipur on January 30, 2002. By a resolution dated April 15, 2008, the company was converted into a public limited company and its name was changed to its present name Goenka Diamond and Jewels.

The company is promoted by Nand Lal Goenka, who has over 40 years of experience in the gems and jewellery business along with his sons, Navneet Goenka and Nitin Goenka.

It was initially in the business of export of coloured stones and has since then expanded into diamond trade in 1994 and manufacturing of diamond studded jewellery in 2003. Its cutting and polishing activity was boosted in 2006 by establishing its own diamond processing unit at the SEZ in Surat for processing of rough diamonds. In 2007, it set up another facility for processing of rough diamonds in Mumbai to cater to the local market and for its jewellery making operations.

Goenka Diamond has scaled up its diamond jewellery making operations by establishing a dedicated manufacturing facility in Mumbai and launched its first jewellery retail store in July 2008.

At present, the business of the company is broadly divided into diamond processing business and jewellery business. Its diamond processing business consists of trading, cutting and polishing of diamonds. Jewellery Business consists of manufacturing and retail of jewellery under CERES and G WILD brands and also includes its wholesale jewellery operations.

Business area of the company

The company is engaged in cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery.

Subsidiaries of the company

M.B. Diamonds LLC

Group Companies

Geet Holdings
Goenka Diamonds
Goenka Infra Builders
Goenka Properties
Sonam Complex
Yash Complex

Market Cap	27 Cr	ROE	-1.0%
P/E Ratio(TTM)	0.0	EPS(TTM)	0.0
P/B Ratio	0.1	Dividend Yield	0.0%
Industry P/E	89.4	Book Value	7.5
		Face Value	1.0

Fundamentals