Shankesh Jewellers

About Shankesh Jewellers

Shankesh Jewellers Limited is a Mumbai-based business-to-business (B2B) company specializing in the manufacturing and wholesale supply of handcrafted gold jewellery. The business was first established in 1987 by Kantilal Jain, who transformed a traditional family trade into a professionally managed enterprise. The company was formally incorporated in July 2005 as H. K. Gold Private Limited, later changing its name to Shankesh Jewellers Private Limited in 2006 and converting to a public limited company in 2025. The promoters include Kantilal Kheemraj Jain, Mahavir Kantilal Jain, and Manoj Kantilal Jain. Both Mahavir and Manoj joined the business in 2007, each bringing MBAs and leveraging the family's long history in the gold trade to focus on design, finance, and management. The company operates on an asset-light business model, outsourcing the manufacturing process to a network of skilled local artisans and job workers, primarily in Maharashtra. This allows Shankesh Jewellers to focus on its core strengths: design, customization, material sourcing, quality control, and inventory management. The business generates revenue through two primary streams: the direct sale of its jewellery to a pan-India client base and by providing job-work services, where clients supply their own bullion and design specifications for manufacturing. Its product portfolio is extensive, featuring BIS-hallmarked 22-karat and 18-karat gold items. Categories include bangles, bridal jewellery, chokers, necklaces, rings, and mangalsutras in various styles like antique, temple, Calcutta, and gheru polish. Shankesh Jewellers serves a diversified B2B customer base of corporate and non-corporate clients, including major retail brands such as Joyalukkas India Limited, Kalyan Jewellers India Limited, and P. N. Gadgil & Sons Limited. The company has built established relationships that result in significant repeat orders, with repeat customers accounting for approximately 80% of its total customers in fiscal year 2026. The company has demonstrated strong financial growth, with total income rising from ₹1,403.94 crore in FY25 to ₹1,630.93 crore in FY26. In August 2026, the company launched an initial public offering (IPO) to raise capital for debt repayment, working capital requirements, and general corporate purposes.