National News
Shringar – House of Mangalsutra files IPO papers with SEBI
Leading mangalsutra brand Shringar House of Mangalsutra has filed IPO papers with SEBI to raise *Rs 250 crore* for working capital & general corporate purposes. The IPO is entirely a fresh issue of *2.43 crore equity shares.
Financial Performance
Fiscal 2024 Revenue: ₹1,101.52 crore (up 16% from ₹950.22 crore in FY23)
* Profit After Tax (PAT) for FY24: ₹31.10 crore (up 33% from ₹23.36 crore in FY23)
H1 FY25 (as of September 30, 2024)
Revenue: ₹687.13 crore
PAT: ₹33.03 crore
National News
Ananya Jewels Expands Beyond Bengaluru With The Launch Of Its Store In Hyderabad
Ananya Jewels, a brand defined by its distinctive design philosophy, bespoke craftsmanship and highly personalised client experience, has opened its first boutique in Hyderabad’s vibrant Kavuri Hills. The opening marks the brand’s first expansion beyond Bengaluru.




Designed as a boutique rather than a conventional jewellery showroom, the Hyderabad store offers a warm, intimate setting where every client receives a highly personalised experience. The space showcases Ananya Jewels’ signature collections of contemporary diamond jewellery, alongside bespoke creations, engagement rings, bridal jewellery, solitaire pieces and everyday fine jewellery. Every collection reflects the brand’s distinctive design philosophy, exceptional craftsmanship and commitment to certified diamonds, offering clients jewellery that is as timeless as it is thoughtfully designed.
Rohan Hemdev, Director, Ananya Jewels said:

“We don’t see Hyderabad as our second store. We see it as the beginning of our relationship with the city. Over the years, we’ve admired Hyderabad’s appreciation for fine craftsmanship and beautifully made jewellery. Increasingly, we’re also seeing a growing appreciation for contemporary, thoughtfully designed diamond jewellery, making it a natural extension of the philosophy on which Ananya was built. As we take this next step, our commitment remains unchanged – to build lasting relationships with every client and create jewellery that is deeply personal, timeless and meaningful.”
Dheeraj Hemdev, Director, Ananya Jewels said :
“From the very beginning, our vision has been to create more than a jewellery store – we wanted to create a destination where clients feel comfortable taking their time, exploring distinctive designs and collaborating with us to create pieces that truly reflect their personality. Our Hyderabad boutique has been designed with that same philosophy, bringing together thoughtful design, exceptional craftsmanship and a highly personalised experience. We look forward to becoming a part of our clients’ most cherished milestones and building relationships that last for generations.”


As Ananya Jewels begins its journey in Hyderabad, the brand remains committed to the philosophy that has guided it for nearly two decades – creating thoughtfully designed diamond jewellery that is as enduring in its craftsmanship as it is timeless in its appeal.
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