Sunil Gold India IPO (DRHP filed)

Incorporated in 2012, Sunil Gold India Limited is a B2B jewellery company engaged in the design and supply of handcrafted 22-karat gold jewellery. Its product portfolio includes maang-tikkas, earrings, chains, necklaces, chokers, armlets, bracelets, bangles, rings, bridal jewellery and complete wedding sets, catering to wedding, festive, party and everyday-wear segments. The company specializes in contemporary, heritage, temple-inspired and other traditional designs, with products offered across different weight categories and price points.

The company primarily serves organized jewellery retail chains, providing handcrafted gold jewellery along with customization services to meet customers’ inventory and design requirements. Its in-house design capabilities are supported by a portfolio of over 83,000 jewellery designs, developed using customer inputs, market trends and regional preferences. The company also uses Computer-Aided Design (CAD) tools to develop and regularly refresh its designs.

Sunil Gold manages the procurement of gold and other raw materials, design finalization, manufacturing coordination, quality control and delivery of finished jewellery according to customer specifications. Its manufacturing is currently carried out through a network of 100 skilled Karigars under job-work arrangements. The company supervises the manufacturing process through material reconciliation, intermediate inspections and final quality checks. It is also developing its own manufacturing capabilities to operate a hybrid manufacturing model, combining in-house production with third-party Karigars.

The company commenced operations in Mumbai and has gradually expanded its geographical presence. As of March 31, 2026, it served customers across nine states and one union territory in India, with additional customers in the UAE. Its domestic presence was further strengthened through the acquisition of a 99% partnership interest in M/s. Ratnaakar Gold in August 2025, a Bengaluru-based gold jewellery business.

Employees

As of July 31, 2026, Sunil Gold India Limited had 54 full-time employees across various functional departments. The workforce supports key business functions including design, quality control, operations, administration and other corporate activities. The company is further supported by a network of 100 skilled Karigars engaged under job-work arrangements for the manufacturing of handcrafted gold jewellery.

Key Strengths

• Established B2B customer base: Long-standing relationships with organized jewellery retail chains.

• Extensive design portfolio: Over 83,000 jewellery designs covering contemporary, heritage, temple-inspired and traditional styles.

• Skilled Karigar network: Access to 100 experienced craftsmen specializing in different categories of handcrafted gold jewellery.

• Strong design capabilities: In-house design team supported by CAD technology and market-driven product development.

• Expanding manufacturing capabilities: Transitioning toward a hybrid model combining in-house production with third-party manufacturing.

• Diversified product range: Jewellery offerings across bridal, festive, occasion-wear and regular-wear segments.

• Growing geographical presence: Customer base spread across multiple Indian states and the UAE.

• Experienced management: Promoters and management team with experience in jewellery design, sourcing, manufacturing coordination and B2B operations.

1. Prem Mohanlal Jain
2. Shrenik Mohanlal Jain
3. Anil Mohanlal Jain

Sunil Gold India Limited
99/103, Jewel Crown,
Bhagwan Bhuvan, Shop No. D, Ground Floor,
Mumbadevi Road, Pydhonie Tamba, Kata
Mumbai, Maharashtra, 400003

Telephone: +91 86556 87004
E-mail: info@sunilgold.com
Website: https://sunilgold.com/