Tuesday, January 7, 2025

Gem & Jewellery industry will play a major role in making India $5 trillion economy and Maharashtra $1 trillion economy

Gem & Jewellery industry will play a major role in making India $5 trillion economy and Maharashtra $1 trillion economy: Mrs. Amrutha Devendra Fadnavis



IIJS Signature 2025 is organised from 4th to 7th January 2025 at Jio World Convention Centre (JWCC) and from 5th to 8th January at Bombay Exhibition Centre (BEC), NESCO, Goregaon, and Mumbai.

Mumbai, 5th January 2025: The first-of-its-kind India Jewellery Park Mumbai’s construction will commence this month, announced Mr. Vipul Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) during the inauguration of the 17th edition of India International Jewellery Show (IIJS) Signature gem & jewellery trade show at Bombay Exhibition Centre (BEC), NESCO, Goregaon East. Phase 1 of India Jewellery Park Mumbai, including the A1, A2, and A3 buildings spanning approximately 9 lakh square feet will be ready for procession by December 2026.

 

IIJS Signature's grand inauguration at Goregaon Mumbai, was graced by Chief Guest Ms Amruta Fadnavis (Banker, Singer & Social Worker) along with Guests of Honours Shri R. Arulanandan Director, Dept. of Commerce, MoC&I; Shri Deependra Singh Khuswaha (IAS), Development Commission (Industries), Government of Maharashtra; Shri Suvankar Sen Executive Director Senco Gold & Diamonds; Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirav Bhansali, Convener, National Exhibitions, GJEPC; and Shri Sabyasachi Ray, Executive Director, GJEPC; and other dignitaries from the gem and jewellery industry.


 

Ms. Amruta Devendra Fadnavis (Banker, Singer and Social Worker), said, “India’s gem & jewellery business is now at the centre of the global trade and we in Maharashtra are committed to the growth of this indigenous industry. Several key steps have already been taken to give a boost to the gem & jewellery business, which can contribute significantly to helping realise Hon. Prime Minister Shri Narendra Modi ji’s dream of $5 trillion economy for India; and Hon. Chief Minister Shri Devendra Fadnavis ji’s $1 trillion economy dream for Maharashtra. I am very happy to note that GJEPC has initiated several programs for women empowerment and adopted sustainable environmentally friendly initiatives for the world-class IIJS exhibitions in Mumbai.”

 

Talking about exports Shri Vipul Shah, Chairman, GJEPC added, “On the export front, we remain optimistic about 2025. With American President Donald Trump’s return to the White House, there is hope for renewed stability in the geopolitical landscape, revitalized trade, and stronger supply chains, driving global demand for gems and jewellery. However, GJEPC is continuously exploring new markets while strengthening its presence in existing ones.   In a significant milestone, GJEPC will be organizing its first exhibition in Saudi Arabia. The event will be held in the vibrant city of Jeddah from September 11 to 13, 2025. This will serve as a gateway to boost bilateral trade between India and the GCC region. Our gem and jewellery industry is highly equipped to meet the requirement of any market worldwide. With unparalleled capacity, advanced technology, skilled artisans, and talented designers, we are prepared to excel on the global stage. Together, we will contribute significantly to the Hon’ble Prime Minister's vision of a Viksit Bharat.”

 

Shri R. Arulanandan (IAS), Director, Deptt of Commerce Ministry of Commerce & Industries, said, “The Ministry has been working closely with GJEPC to understand concerns of the trade. Year 2024 was a year of achievement and lot of industry issues resolved paving the way for unprecedented growth of the gem & jewellery sector. IIJS Signature is truly an international show and paves the way for a bright exponential growth.”


 

Shri Deependra Singh Kushwaha (IAS) Development Commissioner Industries Government of Maharashtra, said, “The gem & jewellery industry is symbolic of India’s tremendous tradition of entrepreneurship in addition to being part of its culture and heritage. Maharashtra accounts for 47% of India’s total gem & jewellery exports and employs 3.5 lakh workers. Mumbai has iconic infrastructure such the Bharat Diamond Bourse, SEEPZ and the world's largest handmade jewellery hub in Zaveri Bazaar and Dagina Bazaar. With the upcoming India Jewellery Park in Navi Mumbai, 1 lakh people will get employment. With this Rs 50,000 crore investment in the Jewellery Park, Maharashtra will take centre-stage in India's gem & jewellery industry. The State is committed to training and skill development as Maharashtra stands at the cusp of transformation. We shall improvise policy, facilitate ease of doing business. The gem & jewellery business is not just an economic driver but an embodiment of creativity craftsmanship and aspiration.”

 


Shri Suvankar Sen, CMD Senco Gold & Diamonds, said, “I have seen IIJS Signature show evolving and today it is a wonderful platform to innovate, think new and capture attention of domestic & international buyers. India’s gem & jewellery business has two strengths: the first of which is quality in design & aesthetics and smart-tech for jewellery manufacturing. The other key aspect of the growth of India’s gem & jewellery business is knowledge. GJEPC is taking several initiatives to share ideas and knowledge for the future.  Knowledge is important for the Gen Next and the youth to get employed in the gem & jewellery industry. The knowledge has to penetrate deeper so that India can become knowledge and skill hub of the global gem & jewellery trade.”  



Kirit Bhansali, Vice Chairman, GJEPC said, “As the first show of the calendar year, IIJS Signature holds great importance for our industry. It sets the tone, reflects the market sentiment, and provides valuable insights into what we can expect in the months ahead.”

 

Organized by the Gem & Jewellery Export Promotion Council (GJEPC), IIJS Signature 2025 has grown exponentially, featuring over 1,500 exhibitors across 3,000 stalls, covering 1.25 lakh square meters of exhibition space across two venues—JWCC and Bombay Exhibition Centre (BEC). The show is set to welcome 25,000+ trade visitors, including retailers from 800+ Indian cities and over 1,000 international visitors from 60+ countries.

The IIJS edition deliver an unparalleled experience with its innovative features and thoughtful initiatives. The Brilliant Bharat Concept, featuring the Brahmi Script theme for Prime member can enjoy exclusive access to the IIJS Prime Plus Lounge, streamlined digital entry with facial recognition, and user-friendly online visitor registration, including the Value Visitor Pack for the last two days of the show. Complementary international visitor registration, detailed updates via the IIJS app, and high-quality accommodations nearby further enhance the event. With five exhibition halls at BEC and a full pavilion hall at JWCC, Innov8 Talks at both venues, and the IIJS Celebration Networking Eve on January 4th, the show is a perfect blend of business, innovation, and networking opportunities.

 

Exhibitors Profile:

Product Sections at JWCC

Product Sections at BEC

  • Diamond, Gemstone, and other studded jewellery
  • Gold and Gold CZ studded jewellery
  • Laboratories and Education (for Loose)
  • International companies
  • Diamond, Gemstone, and other studded jewellery
  • Gold and Gold CZ studded jewellery
  • Laboratories & Education (for Jewellery)
  • International companies

EXCLUSIVE SECTIONS

  • Lab-grown Diamonds (Loose & Jewellery)
  • Loose stones (Natural Diamonds)
  • The Select Club - Exclusive High-End Couture Jewellery
  • Silver Jewellery, Artefacts & Gifting Items
  • Loose stone (Colour gems stone)
  • Machinery, Technology & Allied industry: Concurrent Show “IGJME”: India Gem & jewellery Machinery Expo
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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...