National News

GJEPC Showcases Export Growth Strategies and Membership Benefits at Maharashtra’s District Investment Summit

At the 2025 Summit hosted by the Directorate of Industries, GJEPC emphasized its key initiatives to boost exports, support MSMEs, and empower jewellery manufacturers across districts.

Published

1 year ago

April 18, 2025

JewelBuzz Spread The Buzz

The Gem & Jewellery Export Promotion Council (GJEPC) actively participated in the District Investment Summit 2025, organized by the Directorate of Industries (MMR, Mumbai), Government of Maharashtra, on 16th April in Mumbai, under the theme “Attracting Investment, Promoting Growth, Empowering Districts.”

Representing GJEPC, Mr. Mithilesh Pandey, Director – Membership, presented the Council’s wide array of initiatives and services designed to empower gem and jewellery businesses, particularly MSMEs and regional manufacturers.

Mr. Pandey highlighted the core benefits of GJEPC membership, including participation in prestigious platforms like IIJS (India International Jewellery Show) and IJEX (India Jewellery Exposition Centre), along with export facilitation tools such as courier and hand-carry modes, India Post’s Dak Niryat Kendras, and e-commerce tie-ups with platforms like eBay.

He also outlined GJEPC’s efforts to make logistics more affordable through subsidised services, and detailed how members can leverage free trade agreements like CEPA (with UAE) and ECTA (with Australia) to access global markets more competitively.

In addition, Mr. Pandey spoke about business development programs such as buyer-seller meets, the IC Scheme, and Capacity Building Scheme, as well as financial support options like collateral-free loans under the India Jewellery Park Mumbai (IJPM). He further emphasized the comprehensive infrastructure solutions available to jewellery manufacturers, designed to streamline operations and enhance productivity.

The session underlined GJEPC’s commitment to supporting regional growth, empowering entrepreneurs, and making India a global leader in gem and jewellery exports.

National News

GRT Jewellers Bets Big on TBZ to Acquire 74% for ₹1,034 Crore

The deal, signed on August 31, 2026, values the transaction at up to ₹209 per share and marks a significant reshaping of India’s organised jewellery retail landscape.The transaction will give GRT sole control of TBZ, including the right to appoint nominee directors.

Published

16 hours ago

August 31, 2026

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In a landmark consolidation move, GRT Jewellers is set to take control of Tribhovandas Bhimji Zaveri (TBZ), acquiring a 74.12% promoter stake for up to Rs.1,034 crore. The deal, signed on August 31, 2026, values the transaction at up to ₹209 per share and marks a significant reshaping of India’s organised jewellery retail landscape.

GRT Jewellers (India) Private Limited will acquire the entire stake held by TBZ’s promoter group, including Shrikant Gopaldas Zaveri (50.06%), Bindu Shrikant Zaveri (5.24%), Binaisha Shrikant Zaveri (7.92%), Raashi Shrikant Zaveri (6.85%) and two promoter-group entities holding 2.02% each.

The acquisition will trigger a mandatory open offer for the remaining public shareholding, with GRT set to launch an offer for up to 26% of TBZ’s equity in accordance with applicable SEBI regulations.

The transaction will give GRT sole control of TBZ, including the right to appoint nominee directors. The existing promoter directors—Shrikant Gopaldas Zaveri, Binaisha Shrikant Zaveri and Raashi Shrikant Zaveri—are expected to step down following completion.

For TBZ, one of India’s oldest and most recognised jewellery brands, the deal signals a major transition from promoter-led ownership to strategic control by one of the country’s prominent jewellery players. For GRT, it represents an ambitious expansion of its footprint and a potentially transformative bet on TBZ’s established brand equity, retail network and customer franchise.

The deal could emerge as one of the most significant strategic moves in India’s organised jewellery sector, underscoring the accelerating consolidation of a market where scale, brand strength and retail reach are becoming increasingly decisive.