National News
Raniwala 1881 Partners with Francorp to Scale Retail Footprint Through Franchising
The iconic Jaipur-based jewellery house adopts FOFO and FOCO models to expand across India while preserving its royal heritage and artisanal legacy
Raniwala 1881, the luxury jewellery brand rooted in Jaipur’s rich heritage, has announced a strategic alliance with Francorp, the franchising advisory arm of Franchise India Group, to fuel its next phase of growth through a structured franchise model.
This partnership marks a significant milestone for the 140-year-old brand as it seeks to expand its retail footprint across India while staying true to its legacy of regal design and meticulous craftsmanship.
Under the agreement, Raniwala 1881 will implement both Franchise-Owned, Franchise-Operated (FOFO) and Franchise-Owned, Company-Operated (FOCO) models. These formats aim to offer opportunities for entrepreneurs and investors to be part of the evolution of one of India’s most prestigious fine jewellery brands.

“Our jewellery is more than just adornment; it is a representation of centuries-old craftsmanship and a deep-rooted heritage,” said Abhishek Raniwala, Managing Director of Raniwala 1881. “With the growing demand for handcrafted Polki and Jadau jewellery, this partnership with Francorp allows us to expand while preserving our brand’s exclusivity.”
Founded in the 19th century by Rai Bahadur Champalal of Beawar, the brand carries a legacy dating back to the British era, when the family was honored with the title “Raniwala.” The brand continues to be a trusted name in bridal jewellery, known for its 18-karat gold Polki pieces that appeal to both Gen Z and Millennial audiences.
Over the years, Raniwala 1881 has also collaborated with some of India’s top fashion designers, including Sabyasachi Mukherjee, Manish Malhotra, and Rahul Mishra, reinforcing its place at the intersection of heritage and high fashion.
The shift toward franchising comes as India’s jewellery market undergoes a transformation, with consumers increasingly gravitating toward branded, story-driven luxury pieces that offer authenticity and traceability.
Francorp will help guide Raniwala 1881’s expansion across metro cities and fast-growing luxury markets, ensuring a consistent retail experience that honors the brand’s heritage.

“Luxury retail is evolving rapidly, and heritage brands like Raniwala 1881 are leading the way in strategic expansion while maintaining timeless elegance and exclusivity,” said Gaurav Marya, Chairman of Franchise India Group. “Franchising provides an effective model to scale without compromising brand integrity. With FOFO and FOCO formats, we’re introducing a new dimension to luxury jewellery retail in India.”
National News
Shringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya
Shringar House of Mangalsutra expands its design portfolio to meet rising demand for lightweight, versatile jewellery across emerging markets this Akshaya Tritiya
Shringar House of Mangalsutra Limited, India’s most trusted B2B gold jewellery manufacturer specialising in mangalsutras, has curated a range of over 3,000 new designs ahead of Akshaya Tritiya 2026 – the most expansive seasonal collection in the company’s history. This collection comprises more than 2,000 designs in 22K gold and over 1,000 designs in 18K gold, built to serve the full breadth of India’s jewellery retail landscape.
Akshaya Tritiya remains a major driver of the gold jewellery industry, supported by strong cultural sentiment and long-term value appeal. Gold prices have seen significant movement, but despite this volatility, consumer demand stays resilient, with a noticeable shift toward value-led and high-intent purchases. Consumers are increasingly gravitating towards lightweight, affordable, and design-led jewellery that offers both versatility and everyday wearability, rather than heavy, occasion-specific pieces. There is also a growing preference for contemporary and modular designs, particularly among younger buyers, alongside continued demand for traditional styles in core markets. This shift is driving retailers to focus on curated, design-forward collections that balance aesthetics with price sensitivity, reflecting a broader trend towards more conscious and purpose-driven jewellery buying.
With the wedding season approaching, consumers are increasingly making earlier purchase decisions, with southern India remaining stable and western and central regions like Maharashtra, Madhya Pradesh, and Gujarat emerging as key growth markets driven by organized retail and design sensitivity. The mangalsutra category itself is evolving beyond its traditional bridal role into a lifestyle-led, daily wear jewellery segment. Consumers are increasingly opting for minimal, modular, and design-forward pieces that seamlessly blend tradition with modern aesthetics.
Chetan Thadeshwar, Chairman & Managing Director, Shringar House of Mangalsutra Ltd, Said:

“The Indian jewellery industry is at a pivotal inflection point, and we are committed to leading from the front. Our latest curation is not merely about scale, but about defining the future direction of the category. We are witnessing a clear shift in consumer preferences towards design-led, versatile jewellery, particularly within the mangalsutra segment, which is increasingly evolving into an everyday essential. At Shringar, we have consistently focused on staying ahead of market trends, not just responding to them, but actively shaping them through innovation and design leadership.”
As a trusted manufacturing partner to leading jewellery retailers across India, Shringar continues to benefit from the shift towards organised and certified players, driven by rising consumer preference for quality, transparency, and assured gold standards.
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