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GIVA opens 200th store in Bengaluru, targets 700 stores across 60 cities

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GIVA jewellery inaugurated its 200th store in Bengaluru. Karisma Kapoor launched the store at Forum South Mall. The brand started its first outlet in Bengaluru in 2022. GIVA focuses on silver, gold, and lab-grown diamond jewellery. Ishendra Agarwal shared plans to expand to 700 stores in 60 cities in three years. Anushka Sharma is the brand ambassador of GIVA.

The brand opened its first exclusive outlet in Bengaluru in 2022 and has since expanded across major cities in India and Sri Lanka. The brand focuses on silver, gold, and lab-grown diamond jewellery.

With a customer-first approach, GIVA continues to set new benchmarks in contemporary jewellery, offering high-quality, trend-forward designs that cater to the evolving tastes of modern consumers.

“We are proud to celebrate the launch of our 200th store in Bengaluru, marking a significant milestone in our expansion journey. As we accelerate our offline expansion, we continue to integrate digital and physical touchpoints to deliver a truly seamless and future-ready omnichannel experience. With plans to deepen our reach in major metro and Tier I cities while expanding into Tier II markets, this launch brings us closer to our goal of being present in 60 cities across India with around 700+ stores in the next three years. The 200th store reflects the love and trust our customers have shown us over the years.” said Ishendra Agarwal, founder, GIVA.

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BrandBuzz

MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade

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In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent  out this important update to the jewellery trade.

New Eligibility Criteria (both conditions to be satisfied):

  • Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
  • Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)

Any company exceeding even one of the above limits will cease to be a Small Company.

Key Benefits for Jewellers (Private Limited & Family-Owned Firms):

  • Only 2 Board Meetings required in a year
  • Exemption from mandatory Internal Audit in most cases
  • Substantially lower penalties for defaults
  • Simplified Annual Return via Form MGT-7A
  • No need to prepare Cash Flow Statement in financials
  • Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
  • Reduced overall compliance cost and administrative burden

GJC advised jewellery firms  to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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