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MANOJ VAIBHAV GEMS N JEWELLERS LTD.

29 February 2024 | 12:00

Industry >> Diamond Cutting/Precious Metals/Jewellery

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ISIN No INE0KNT01012 BSE Code / NSE Code 543995 / MVGJL Book Value (Rs.) 72.54 Face Value 10.00
Bookclosure 52Week High 382 EPS 14.66 P/E 17.11
Market Cap. 1225.34 Cr. 52Week Low 202 P/BV / Div Yield (%) 3.46 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.

The Company was incorporated as a private limited company under the provisions of the Companies Act, 1956 on March 13, 1989 at Hyderabad, Andhra Pradesh as "Hotel Anant Private Limited". the jewellery business was started by the founder Late Mr. Manoj Kumar Grandhi in a showroom at Visakhapatnam in the year 1994 in the form of a proprietorship concern through Manoj Kumar Grandhi (HUF). Subsequently, pursuant to the Memorandum of Understanding dated August 29, 2001, 64,500 equity shares comprising of the 100% shareholding of Hotel Anant Private Limited were acquired by Manoj Kumar Grandhi (HUF) (38,700 Equity shares) and Bharata Mallika Ratna Kumari Grandhi (25,800 Equity shares) respectively. The name of Company was changed to Hotel Anant Limited vide Certificate of incorporation dated Marc h 9, 1998 issued by the Registrar of Companies, Andhra Pradesh on account of the Company becoming a deemed public company. The name of Company was changed to Hotel Anant Private Limited vide Certificate of incorporation dated September 13, 2002 issued by the Registrar of Companies, Andhra Pradesh to the Company regaining its status as a private limited company. The name of the Company was subsequently changed to "Vaibhav Empire Private Limited" and a fresh certificate of incorporation was issued by the Registrar of Companies, Andhra Pradesh on June 11, 2003. The name of the Company was again changed to "Manoj Vaibhav Gems 'N' Jewellers Private Limited" and a fresh certificate of incorporation was issued by the Registrar of Companies, Telangana on July 4, 2016. Thereafter pursuant to a special resolution passed by the shareholders on April 30, 2022, the Company was converted to a public limited company and the name was changed to "Manoj Vaibhav Gems 'N' Jewellers Limited". A fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Andhra Pradesh ("RoC") on May 13, 2022.

Major events and milestones :

2001-02
- Acquisition of Hotel Anant Private Limited

2004-05
- Acquisition of the proprietary jewellery business of Manoj Kumar Grandhi (HUF) by the Company

2006-07
- Obtained ISO 9001:2000 for Quality Management AQA International LLC
- The revenue from operations touched the milestone of 1,000 million

2007-08
- Opening of the Company's flagship store at "V Square", Visakhapatnam, Andhra Pradesh

2008-09
- The revenue from operations touched the milestone of 2,000 million

2010-11
- The revenue from operations touched the milestone of 3,000 million
- Obtaining the Quality Management System - ISO 9001:2008 from AQA International LLC

2011-12
- The revenue from operations touched the milestone of 5,000 million and 10,000 million

2014-15
- Opening of Jewellery Showroom at Kakinada, Andhra Pradesh
- Opening of Jewellery Showroom at Gajuwaka, Visakhapatnam, Andhra Pradesh

2015-16
- Opening of Jewellery Showroom at Rajamahendravaram Andhra Pradesh,
- Opening of Jewellery Showroom at Parvathipuram, Andhra Pradesh

2016-17
- Opening of Jewellery Showroom at Bobbili, Andhra Pradesh
- Opening of Jewellery Showroom at Anakapalle, Andhra Pradesh
- Obtaining the Quality Management System - ISO 9001:2015 from BSI
- Opening of Jewellery Showroom at Dilsukhnagar, Hyderabad, Telangana
- Opening of Jewellery Showroom at A.S. Rao Nagar, Hyderabad, Telangana

2018-19
- Opening of Jewellery Showroom at Gopalapatnam, Visakhapatnam, Andhra Pradesh
- Launch of the "VISESHA" brand by the Company
- Opening of Franchisee Store at Srikakulam, Andhra Pradesh
- Expansion of the jewellery business of the Company through e-commerce platform

2020-21
- Opening of Franchisee Store at Vizianagaram, Andhra Pradesh

2021-22
- The revenue from operations touched the milestone of 15,000 million

2022-23
- Opening of New showroom at Tuni, Andhra Pradesh
- Conversion of Company from private limited to public limited