Utssav CZ Gold Jewels Ltd. – Company Report
1. Company Overview
Utssav CZ Gold Jewels Ltd., founded in 2007 and headquartered in Mumbai, Maharashtra, is a prominent Indian manufacturer specializing in cubic zirconia (CZ)-studded gold jewellery. Recognized for its blend of traditional craftsmanship and contemporary designs, the company offers an extensive range focused on affordable luxury. Utssav's products include earrings, bracelets, chains, rings, necklaces, and more—all featuring 18K, 20K, or 22K gold and studded with high-quality CZ stones.
- Established: 2007
- Headquarters: Mumbai, Maharashtra
- Business Focus: CZ-studded gold jewellery (18K/20K/22K)
- Design Capacity: 400+ new designs monthly via in-house CAD team
- Certifications: ISO 9001:2015
- Listed Entity: NSE Emerge platform (Listed in July 2024)
- Debt Profile: Virtually debt-free
- Global Reach: Exports to international markets
- Leadership: Managing Director – Pankajkumar H. Jagawat
2. Products and Services
Product Range:
- CZ-studded gold jewellery in 18K, 20K, and 22K segments
- Earrings, bracelets, necklaces, rings, mangalsutras, bangles, pendants
- Lightweight and affordable luxury jewellery targeting modern consumers
Design & Production:
- 400+ new jewellery patterns monthly
- In-house CAD team with emphasis on finish, quality, and innovation
- Advanced production infrastructure and finishing systems
Distribution & Exports:
- Wholesale and retail presence across India
- Exports to international markets and participation in global trade fairs
Customization:
- Tailored designs for individual and commercial clients
- Co-branded and custom campaign jewellery
Customer Experience:
- Focus on value, craftsmanship, and trend responsiveness
- Post-sale support and continuous product refreshes
3. Recent News and Financial Performance
- IPO in July 2024 raised ₹69.5 crore; company successfully listed on NSE Emerge.
- Increased demand for lightweight and affordable 18K CZ jewellery from youth and working professionals.
- Credit rating Utssav CZ Gold Jewels has received CARE BBB and CARE A3+ rating on its long and short term loans.
- Investments in technology and design innovation enhanced production capacity and product differentiation.
- Strong export performance and market share gains in both domestic and international markets.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹647 crore |
| Net Profit | ₹25.06 crore |
| Operating Profit Margin | 6% |
| Return on Equity (ROE) | 31% |
| EPS | ₹10.52 |
| Debt Position | Virtually Debt-Free |
| Dividend Policy | No Dividend (Reinvestment Mode) |