From SME to Main Boards: Sky Gold's Rise in the Stock Market

Established in 2008, Sky Gold Limited is one of India's leading jewellery companies based out of Mumbai. The company has emerged as an industry leader in the jewellery business, and excels at designing, manufacturing as well as marketing gold jewellery products. While the company boasts of excellence galore, Sky Gold particularly specialises in 22 carat light weight gold jewellery. The company is an established force to reckon with in the space of casting-manufactured jewellery, plain gold jewellery, studded gold jewellery and Turkish jewellery. The key to its success has been undeterred hard work and consistent innovation. With a range of brands and design varieties, Sky Gold has quickly ascended to the heights of jewellery manufacturing in India. Based on a B2B model, Sky Gold has established partnerships with leading jewellery retailers such as MALABAR GOLD & DIAMONDS LTD , Joyalukkas , Kalyan Jewellers India Limited , GRT Jewellers (India) Private Limited and Senco Gold and Diamonds to name a few. The company also works with large wholesalers. Consequently, they have been able to leave a massive footprint on the jewellery market, with Sky Gold's products being sold at 2,000+ showrooms across India. They are also leading exporters of lightweight jewellery, having established their markets in Gulf countries such as Dubai, Qatar, Bahrain, and Oman, as well as Asian counties such as Bangladesh and Singapore. The company recently also forayed into the lucrative US market by collaborating with Varanium Inc. The company has a sprawling manufacturing facility spread across 25,000 Sq Ft in Mumbai, where German equipment is used to produce high-quality products. The company has a processing capacity of 300 kg of gold per month. It also boasts an impressive design library, where 5,00,000+ designs of rings, bracelets, bangles, fancy pendants, earrings etc., find a place. Foraying into the equity market, the company announced its SME IPO on BSE SME in October 2018. Today, after a successful run in the SME markets and with absolute determination, Sky Gold has been listed on the main boards of the BSE and NSE. Their growth and success reinforce the power of diligence, consumer-centric business models, research, innovation, and quality-focused product standards.