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JMAIIE 2024-The Ultimate Jewellery Machinery Exhibition inaugurated in Mumbai
The 3rd edition of the Jewellery Machinery & Allied India International Expo 2024(JMAIIE 2024) was inaugurated today by Chief Guest Rajesh Kumar Mishra (IRS), Zonal Development Commissioner-SEEPZ-SEZ, Mumbai along with Guest of Honour Kevin James, MD-Goodwin Refractory Services India Pvt Ltd. Present at the inauguration were Kranti Nagvekar ,
Founder – KNC Services,Farhad Sethna, Chairman, JMA Forum and Michael Donald Secretary,
JMA forum.
JMAIIE, organized by KNC Services, is the largest sourcing hub for jewellery machinery and allied products worldwide. JMAIIE 2024 will be held from 9-12 Feb 2024 at Bombay Exhibition Centre, Mumbai.
In his inaugural address, Rajesh Kumar Mishra (IRS) said, “I am pleased to see that the concept and organization of JMAIIE is fulfilling the objective of growing the jewellery machinery sector leading to growth of GJ industry. My advice to the industry is that there should be an increased focus on skilled labour, maintaining quality and growing the domestic base of jewellery machinery sector .”
Kevin James, Managing Director, Goodwin Refractory Services India Pvt. Ltd said “JMAIIE continues to be a platform for excellence, creativity and progress.The innovation in manufacturing technology showcased here is key to supporting the jewellery machinery sector.”
Farhad Sethna, Chairman-JMA Forum, said, “JMAIIE, the exclusive jewellery machinery show has been a tremendous success.It is our endeavour to make it the largest jewellery machinery shop in the world. It provides unmatched opportunities to buyers see the latest in jewellery machinery and is a platform for manufacturers to promote their products in India and abroad.”
Kranti Nagvekar, Founder of KNC Services, expressed, “I wish to convey my appreciation to both exhibitors and visitors for their incredible support. We expect a huge turnout of both manufacturer and buyers from the industry to attend the largest Jewellery Machinery Exhibition of India.The latest cutting edge technology in manufacturing seen here is contributing to the PM’s vision of Make in India.”
Michael Donald, Secretary-JMA Forum delivered the vote of thanks.
BrandBuzz
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
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.