PC Jeweller Ltd

PC Jeweller Limited was incorporated on April 13, 2005 as a Private Limited Company as P Chand Jewellers Private Limited'. Further, name of the Company was changed to PC Jewellers Private Limited' on October 16, 2007 and PC Jeweller Private Limited' on December 9, 2009. The status was then converted into a Public Company on August 2, 2011, to which the name changed to PC Jeweller Limited'. PC Jeweller Limited (PCJ) is one of the leading jewellery companies in India. The company offers a wide range of products including gold jewellery, diamond jewellery and other jewellery with a thrust on diamond jewellery and jewellery for weddings. Some of the Company's prominent jewellery collections are Anant, Dashavatar, Bandhan, Amour, Wedding Collection, Animal Collection, Folia Amoris, The Fluttering Beauty, Mens' Collection, Hand Mangalsutra etc. In March 2018, the Company has 92 showrooms in 75 cities, out of which 82 showrooms are company- owned and remaining 10 franchisee showrooms. One of the leading jewellery brands in the country, PCJ houses diverse collections in varieties of diamond, stones, gold, polki and kundan. In addition to the sale of jewellery through its showrooms, the company also sells gold and diamond jewellery through online sales on its website. It also exports gold and diamond jewellery on a wholesale basis to international distributors in Dubai and Hong Kong. During 2013, the company has invested Rs 175 crore to buy gold and diamond jewellery stocks for six new retail outlets, and proposes to infuse another Rs 225 crore next quarter for further expansion. During 2014, the company has incorporated a new wholly owned subsidiary namely 'Transforming Retail Private Limited'. During 2015, the company signed deal with Blue Nile Inc, a leading online jeweller in the US, and also opened its 54th showroom and first in Yamuna Nagar. In 2014-15, PC Jeweller launched WearYourShine.com, its online retail store. In 2015-16, PC Jeweller launched its 60th showroom in Udaipur, Rajasthan. In 2016-17, PC Jeweller launched its 75th showroom at Alwar, Rajasthan. On 30 March 2017, PC Jeweller informed the stock exchanges that the encumbrance created on shareholdings of promoters and members of the promoter group due to Non Disposal Undertaking in terms of the Investment Agreement dated 18 April 2016 entered into by PC Jeweller with DVI Fund (Mauritius) Ltd and the Sponsors Agreement dated 28 April 2016, stands released with effect from 30 March 2017. After this release, no shares held by the company's promoters or members of the promoter group are under any pledge/lien/non disposal undertaking. In 2017-18, PC Jeweller opened its 93rd showroom at Basheerbagh, Hyderabad (Telangana). It launched a wedding jewellery collection 'Lal Quila' in March 2018. The Board of Directors of PC Jeweller at its meeting held on 13 July 2018 decided to withdraw share Buyback Offer with immediate effect due to the non-receipt of the requisite No Objection Certificate from the company's bankers. The bankers appreciated the fact that the company is keeping its commitment of reducing its interest cost as well as bank exposure made at the time of declaration of annual results. However, they recommended that for the current year the company should continue to focus on growth and give priority to further reduce its interest expense to the maximum extent possible. Earlier, the Board of Directors of the company at its meeting held on 10 May 2018 approved Buy Back of upto 1.21 crore equity shares of the company at a price of Rs 350 per share aggregating Rs 424 crore. The company opened two franchisee stores at Pune & Hyderabad in the month of April 2018. On 12 August 2018, the company opened a new showroom at Rewa in Madhya Pradesh. During the year 2018, the Company launched many new jewellery designs and collections like Amalia, Maa, Tattvam, Grecia and La Danza etc. In 2019, the Company opened 4 new showrooms. It also launched many new jewellery designs and collections like I heart, Expresso, Swarna Dharohar, Inayat, Mirosa etc. PCJ Gems & Jewellery Limited incorporated as wholly owned subsidiary of the Company on April 1, 2019. New Launches during FY 2021 included Dashavtar, Enamel, Blooming Dale, Pik-See, Diamond Jewellery in Silver , Hand Mangal Sutra , Watch Accessories and Rakhi Collection. As on March 31, 2022 the Company had total of 82 showrooms including 11 franchisee showrooms and 4 manufacturing units. As on March 31, 2023, the Company had total of 81 showrooms including 12 franchisee showrooms and 4 manufacturing units. As on March 31, 2024, the Company operated a total of 60 showrooms including 6 franchisee showrooms and 4 manufacturing units. As on March 31, 2026, the Company operated a total of 52 showrooms including 4 franchisee outlets. The Company's subsidiary has incorporated PCJ Mining SARL in the Republic of Chad by PCJ Gems & Jewellery Limited during the year 2026.