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
Chandukaka Saraf: 200 Years Of Legacy, Trust and The Evolution Of Jewellery
Few businesses have the privilege of celebrating a journey spanning two centuries. For Chandukaka Saraf, this milestone is not a celebration of longevity; it is a celebration of the generations of customers, employees, artisans, partners and communities who shaped the journey.
Established in 1827 in Baramati, Chandukaka Saraf began as a family enterprise and has grown into a jewellery brand with 19 stores across Maharashtra and Karnataka. The brand is looking to add another five to seven stores in the current calendar year. More than 1,000 employees contribute to the organisation’s journey.
Legacy Built Across Generations
From Late Shri Bhaichandji Shah, whose commitment to purity and excellence laid the foundation, to Late Shri Jyotichandji Shah and Late Shri Chandulalji Shah, who strengthened customer relationships and expanded the business, and Late Shri Jindattaji Chandulal Shah, who played a pivotal role in business growth, employee welfare and ethical practices—the family journey has been one of continuity and evolution. Today, Chairman Shri Kishorkumar Jindatta Shah and Managing Director Mr. Samyak Kishorkumar Shah are leading the next phase.
For Chairman Shri Kishorkumar Shah, the 200-year milestone is deeply personal. It represents generations of trust and responsibility.
When Customers Changed, Jewellery Changed Too
Over two centuries, India has undergone significant social and economic transformation, and jewellery has evolved alongside it. Traditionally associated with weddings, festivals and major family occasions, jewellery today has become increasingly connected to personal expression.
Customers are choosing jewellery to celebrate first salaries, professional milestones, birthdays, anniversaries and personal achievements. Traditional gold continues to hold emotional significance, while diamonds, gemstones, silver and lightweight designs have become part of modern wardrobes.
This evolution can be seen in heritage jewellery, where traditional craftsmanship and motifs are being interpreted through contemporary designs. Today’s customer wants the reassurance of heritage while also seeking individuality, versatility and convenience.
For Chandukaka Saraf, understanding this shift means serving both customers who value tradition and younger consumers with new expectations.
Samyak Shah, Managing Director, Chandukaka Saraf.

“Our responsibility is to nurture and cherish both tradition and modernity.”
“Our role is to understand and serve both, while continuously evolving without compromising the trust that defines Chandukaka Saraf.”
When Technology Became Part of Trust
While designs have changed, some things have remained constant: purity, craftsmanship, transparency and trust.
Chandukaka Saraf has adopted technology and new practices to strengthen customer confidence. Long before hallmarking became a formal industry standard, the brand introduced its own hallmark as a representation of its commitment to purity and authenticity. It was also among the early pioneers in introducing Karatmeters at its stores, enabling customers to check gold purity through technology.
From Baramati to the Future
From Baramati to 19 stores across Maharashtra and Karnataka, the brand has expanded while retaining its connection with its roots. With five to seven new stores planned in the year, the brand is preparing to take its legacy into newer markets.
In the evolving jewellery in Maharashtra landscape, the opportunity lies in combining the reassurance of heritage with the expectations of a new generation.
What Changes, and What Remains
A 200-year legacy is a story of evolution—adapting to changing times while preserving the values that endure. It is about understanding what needs to evolve while protecting what should remain constant.
Designs, technology and consumer aspirations will continue to evolve, but the desire to celebrate meaningful moments, give something lasting and create memories will remain.
From Baramati in 1827 to its growing presence today, Chandukaka Saraf continues a story built across generations—where heritage jewellery meets modern aspirations, and changing times are met with an enduring commitment to purity, transparency and trust.
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