About Thangamayil Jewellery Limited

Thangamayil Jewellery Limited is a Madurai-headquartered jewellery retailer incorporated in 2000, engaged in retail trading and design of jewellery, with in-house manufacturing and bespoke designing offered per customer preferences as part of a technology-supported retail model with strong hedging practices and CRM systems. The company operates 60+ showrooms across Tamil Nadu, a manufacturing unit in Madurai, and five offices (three in Madurai, one in Chennai, one in Mumbai), with no international operations or exports contribution disclosed. Products contributing 90%+ of turnover comprise gold jewellery, silver articles, and diamonds/stones, with gold at 90.42%, silver at 6.69%, and diamonds/stones/others at 2.89% of turnover per BRSR. The company reported a record revenue of Rs 4,910.58 crore (unit header “in lakh”) in FY 2024-25, runs customer saving schemes including the DigiGold app, and has grown its customer base to 32 lakh while maintaining hedging of gold inventory at 96% to stabilize operating profits amid price volatility. The company has no subsidiaries, associates, joint ventures, or holdings reported in FY 2024-25. Key milestones in FY 2024-25 include penetrating Chennai (T. Nagar flagship), successful rights issue, highest-ever Akshaya Tritiya and Aadi sales, credit rating upgrade to A, operational retail space crossing 1,00,000 sq ft, and employee strength crossing 3,000.

Thangamayil Jewellery Limited Business Segment

• Retail jewellery (core): Retail sale of jewellery to end consumers through company-operated showrooms and e-commerce; includes in-house manufacturing/design services as per customer requirements; gold, silver and diamond/studded mix with gold contributing 90.42% of turnover in FY 2024-25 per BRSR.

• Geographies: Operates within India only; no international markets; one manufacturing unit at Madurai; 60+ showrooms statewide with recent expansion into Chennai and suburbs (T. Nagar, Virugambakkam, Iyyappanthangal; network tally moved to 62 by April 2025).

• Domestic vs. international split: International not applicable; no export contribution disclosed; therefore, no geographic revenue split presented.

Thangamayil Jewellery Limited Key Management

• Balarama Govinda Das — Chairman and Managing Director.

• Ba. Ramesh — Joint Managing Director.

• N. B. Kumar — Joint Managing Director.

• V. Vijayaraghavan — Company Secretary.

• B. Rajesh Kanna — Chief Financial Officer.

Latest Updates on Thangamayil Jewellery Limited

• Completed a rights issue of 36,42,857 equity shares at Rs 1,400 per share, aggregating Rs 5,100.00 crore “in lakh” → Rs 510.00 crore net proceeds Rs 507.76 crore; share capital increased to Rs 31.08 crore; funds earmarked for Chennai expansion capex and inventory working capital; Rs 29.24 crore unutilised as on May 14, 2025 “in lakh” base converted to crore as per unit headers.

• Opened flagship T. Nagar, Chennai on February 23, 2025; additional showrooms opened in FY 2024-25 at Rameswaram, Puliyangudi, Mayiladuthurai, and Kuniamuthur; post year-end, opened Virugambakkam and Iyyappanthangal on April 11, 2025; planned at least 8 more in FY 2025-26 within Tamil Nadu (majority Chennai region).

• Credit rating upgraded by two notches from A- to A; hedging of gold inventory increased from 89% to 96%.

• Achieved highest-ever Akshaya Tritiya and Aadi Perukku sales; all-time high retail sales of Rs 4,720.04 crore “in lakh” header; SSS growth 18.1%; retail value growth 28% with 4% volume growth.

• Launched and scaled DigiGold savings app, reaching up to 6,00,000 subscribers within the small-saver base; customer base reached 32 lakh.